Our Preference: Buy Above 1.2750 for the target of 1.2900 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdCad was broken the triangle pattern on lower side and In last week UsdCad was closed below the 38% Fibonacci retracement level, now the trend was changed to selling side, so we can except on selling side and we can sell below the key resistance level and except upto next key support levels :- which we have shown in attached image.
Our Preference: Sell below 112.20 for the target of 110.80 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- Last week UsdJpy was broken the lower trend line and last week closing also on lower side and its broken 38% Fibonacci retracement levels so further we can except on selling side and except upto next key support level :- which we have shown in attached image.
Our Preference: Buy above 1.3300 for the target of 1.3450 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- GbpUsd was broken the key resistance level of upper trend line and key resistance level of horizontal line and we got closing above 38% Fibonacci retracement levels and last week closing also on higher side as bullish candle, so we can except on buying side upto next key resistance level:- which we have shown in attached image.
Our Preference: Sell Below 1.3300 for the target of 1.3110 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- GbpUsd was trading between key resistance and key support levels as side ways movement, GbpUsd was moving to test the major key resistance level of horizontal line and upper trend line and its trading below the 38 % Fibonacci retracement levels, so we can except on selling side upto next key support level of lower trend line :- which we have shown in attached image.
Our Preference: Buy above 131.40 for the target of 133.00
Alternative Scenario: Nill
Technical Commentary: In Daily Chart and 4 Hour Chart :- EurJpy was bounced back from previous key resistance level, now previous resistance acting as major key support level, so we can buy near key support level of 131.40 and except upto major key resistance level of upper trend line :- 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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