Our Preference: Sell Below 133.40 for the target of 131.50
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurJpy was trading below the upper trend line and its bounced back from previous key resistance level, now previous resistance acting as major key support level, so further we can except upto new upper trend line and we can sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
Our Preference: Buy Above 113.10 for the target of 114.40 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- Yesterday ChfJpy was closed on higher side as bullish candle and it was closed above the key support level of lower trend line and closed above 50 % Fibonacci retracement level, 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.
Our Preference: Sell below 1.1920 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 so further we can except upto next key resistance level of upper trend line so we can sell near upper trend line and except upto key support levels:- which we have shown in attached image.
Our Preference: Sell below 1285 for the target of 1276 and 1269 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- XauUsd was failure to break upper trend line of key resistance level and yesterday it was closed on liwer side as bearish candle and gold was trading in the sideways movement and its trading in the triangle pattern and its bounce back from upper trend line, so we can except on selling side and 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 1.1900 for the target of 1.2050 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurUsd was trading with lower trend line and its trading above the 23 % Fibonacci retracement levels and last week we got closing on higher side as bullish candle, so we can except on buying side upto previous high of 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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