Our Preference: Buy Above 112.00 for the target of 113.90 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdJpy was trading below the major key resistance level of horizontal line, UsdJpy Could’nt able to break 23% Fibonacci retracement levels and UsdJpy was trading above new lower trend line and new key support level was formed near 38% Fibonacci retracement levels, so we can go buy near key support level and except upto next key resistance level :- which we have shown in attached image.
Our Preference: Buy Above 1.1730 for the target of 1.1800 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurUsd was trading above the Equidistant channel lines and we got conformation of weekly higher closing as bearish candle and we got closing above the 23% 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: Buy Above 1.2750 for the target of 1.2900 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdCad was trading in the triangle pattern, after tesing the lower trend line on the triangle its bounce backing to uptrend and we got closing above the 38% Fibonacci retracement level so we can except on buying side and we can buy near lower trend line and except upto next key resistance levels of upper trend line :- which we have shown in attached image.
Our Preference: Buy above 1283 for the target of 1298 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- XauUsd was trading in the sideways movement and its trading in the triangle pattern and gold was tested the upper trend line, its bounce back on selling side 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: Sell below 149.00 for the target of 148.10
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- GbpJpy was trading in the triangle pattern and now its trading near major key resistance on 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.
| 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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