Gbp/Usd : 21/02/2017 Technical Analysis Report
21st February 2017
CFX Admin
Our Preference: Sell below 1.2450 for the target of 1.2400 and 1.2100 levels
Alternative Scenario: Nill
Technical Commentary: In Weekly chart :- Gbpusd was trading with upper trend line and its trading below the key resistance level of horizontal line so we can sell near the upper trend line and except upto next key support level :- which we have shown in attached image.
In Daily Chart :- GbpUsd was trading in the triangle pattern and its trading below the key resistance level of horizontal line, if lower trend line breaks means we can except heavy sell off so we can sell below the resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and In 1 Hour Chart :- GbpUsd was trading in the triangle pattern and its trading near lower trend line of triangle pattern ,if lower trend line breaks means we can except heavy sell off so we can sell below upper trend line of the triangle pattern and except upto next key support level :- which we have shown in attached image.
Eur/Usd : 21/02/2017 Technical Analysis Report
21st February 2017
CFX Admin
Our Preference: Sell Below 1.0600 for the target of 1.0540 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurUsd was trading in the range bound pattern now it was trading near lower trend line if lower trend line breaks means we except heave sell off upto next key support levels and its broken the key support level of horizontal line, so we can sell near intraday resistance levels and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading with the upper trend line and its trading below the key support level of horizontal line so we can sell near key resistance level or sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- EurUsd was trading with the upper trend line and new triangle pattern was formed and its trading below the key support level of horizontal so we can sell near key resistance level and except upto next key support level :- which we have shown in attached image.
Eur/Jpy : 21/02/2017 Technical Analysis Report From Centreforex
21st February 2017
CFX Admin
Our Preference: Sell below 120.00 for the target of 118.50 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurJpy was trading in the equidistant channel lines and its was trading in the range bound pattern and new upper trend line was formed and its was trading below the upper trend line now its trading near the lower trend line of equidistant channel and its trading near key support level of horizontal line , if support levels breaks means we can except heavy sell off , so we can sell below the key resistance level of horizontal line and we can except upto next major key support level :- which we have shown in attached image.
In 4 Hour Chart :- EurJpy was broken the intraday lower trend line so we can sell below the lower trend line and we can except upto next major key support level :- which we have shown in attached image.
In 1 Hour Chart :- EurJpy was trading below the key resistance level of horizontal line and it was trading with lower trend line if lower trend line breaks means we can except heavy sell off so we can sell below the lower trend line and we can except upto next major key support level :- which we have shown in attached image.
XauUsd : 21/02/2017 Technical Analysis Report
21st February 2017
CFX Admin
Our Preference: Sell Below 1236 for the target of 1224 and 1218
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- In Gold new upper trend line was formed and it was trading in the range bound pattern and it was trading with the lower trend line and upper trend line acting as major key resistance level so we can sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- Gold was formed double top and it was trading below the key resistance level of horizontal line and we got closing below the support levels so its confirming for selling side and we can sell below the key resistance level of horizontal line and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- Gold was trading in the equidistant channel lines and double top was formed and its closed below the key support level of horizontal line, so its confirming for selling side and we can sell below the key resistance level of horizontal line and except upto next key support level :- which we have shown in attached image.
Eur/Usd : 13/02/2017 Technical Analysis Report
15th February 2017
CFX Admin
Our Preference: Sell Below 1.0650 for the target of 1.0600 levels
Alternative Scenario: Nill
Technical Commentary: In Weekly Chart :- Last week EurUsd was closed on lower side as bearish candle and its closed below the key support level so its confirming for the selling side and we can except next key support levels :- which we have shown in attached image.
Daily Chart :- EurUsd was broken the range bound pattern on lower side and its broken the key support of lower trend line and its broken the key support level of horizontal line, so we can sell near key resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was broken the equidistant channel lines on lower side and its trading below the key support level of horizontal so we can sell near key resistance level and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- EurUsd was trading in the equidistant channel lines and its trading below the key support level of horizontal so we can sell near key resistance level and except upto next key support level :- which we have shown in attached image.
