Our Preference: Sell below 1.1800 for the target of 1.1750 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurUsd was trading in the triangle pattern, EurUsd bounced back from 23 % Fibonacci retracement levels and tested the upper trend line and its failure to brk the upper trend line and came down, so further we can except on selling side and we can sell below key resistance level of upper trend line and except upto key support levels:- which we have shown in attached image.
Our Preference: Sell Below 133.00 for the target of 131.50
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurJpy was trading in the sideways movement and last week its failure to break the October 2017 High of 144.39 and EurJpy was bounced back from previous key resistance level of highs 144.39, now the high acting as major key support level, so its conforming for selling side and we can sell below the key resistance level and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell below 1.1710 for the target of 1.1630 and 1.1500 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurChf was trading in the triangle pattern and last week EurChf was failure to break the upper trend line of the triangle patten and EurChf was trading below the key resistance of upper trend line and so the possibility of trend on selling side now EurChaf wating for to break the lower trend line If lower trend line breaks means we can except heavy sell off, so we can sell near resistance level with stoploss above the highs and except upto next key support levels:- which we have shown in attached image.
Our Preference: Sell below 1.5120 for the target of 1.4970 and 1.4780 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- Last week EurCad was failure to close above the previous high of resistance and we got closing below the key resistance of previous high and closed below the upper trend line, now its started to trading in the triangle pattern so we can sell near intraday resistance levels and except upto next key support levels:- which we have shown in attached image.
Our Preference: Buy Above 113.00 for the target of 114.40 level
Alternative Scenario: Sell Below 114.00 for the target of 113.10
Technical Commentary: In Daily Chart :- ChfJpy was trading in the triangle pattern, ChfJpy was failure to break the upper trend line, after testing the upper trend line its came down its closed as bearish candle, now its trading near lower trend line and 50 % Fibonacci retracement level coming near lower trend line of the triangle pattern, so we can except on buying side and we can buy near intraday support levels and except upto next key resistance levels:- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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