XauUsd : 01/02/2017 Technical Analysis Report
3rd February 2017
CFX Admin
Our Preference: Sell Below 1220 for the target of 1200
Alternative Scenario: Nill
Technical Commentary: In Weekly chart :- Gold was trading below the key resistance level of horizontal line and last 2 week high acting as 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 Daily Chart :- Gold was broken the triangle pattern on lower side and its was trading below the upper trend line and acting as key resistance 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 trading in the range bound pattern so 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 it was trading in the range bound pattern so 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.
Gbp/Usd : 01/02/2017 Technical Analysis Report
3rd February 2017
CFX Admin
Our Preference: Buy above 1.2500 for the target of 1.2600 levels
Alternative Scenario: Sell Below 1.2700 for the target of 1.2500
Technical Commentary: In Daily Chart :- GbpUsd was trading below the upper trend line and acting as key resistance level so we can sell near the upper trend line and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was broken the triangle pattern on upper side and its was trading above the key resistance level of horizontal line so we can buy near the key support level and except upto next key resistance level :- which we have shown in attached image.
In 1 Hour Chart :- EurUsd was broken the upper trend line so we can buy near the key support level and except upto next key resistance level :- which we have shown in attached image.
Eur/Usd : 01/02/2017 Technical Analysis Report
3rd February 2017
CFX Admin
Our Preference: Buy above 1.0750 for the target of 1.0810 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- In daily chart EurUsd was broken the triangle pattern of upper trend line and its closed above the upper trend line and EurUsd was moving towards next key resistance level of horizontal line 1.0800 levels so we can buy near the trend line and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading in the equidistant channel lines and range bound pattern was broken on upper side so its was confirming for the buying side and we can buy near key support level and except upto next key resistance levels :- which we have shown in attached image.
In 1 Hour Chart :- EurUsd was trading in the equidistant channel lines and intraday upper trend line was broken and its was broken the key resistance level of horizontal line so its was confirming for the buying side so we can buy near key support level and we can except upto next key resistance levels :- which we have shown in attached image.
Eur/Usd : 25/01/2017 Technical Analysis Report
3rd February 2017
CFX Admin
Our Preference: Buy above 1.0700 for the target of 1.0800 levels
Alternative Scenario: Sell Below 1.0650 for the target of 1.0550 levels
Technical Commentary: In Daily Chart :- In daily chart EurUsd was broken the upper trend line and its trading above the upper trend line and EurUsd was moving towards next key resistance level of horizontal line 1.0800 levels so we can go head on buyoff with stoploss below last two days low :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- EurUsd was trading in the equidistant channel lines and now its was trading in range bound pattern so we can sell near next resistance level of upper trend line and If lower channel line breaks means we can except heavy sell off upto next key support levels :- which we have shown in attached image.
Xau/Usd : 30/08/2016 Technical Analysis Report
30th August 2016
CFX Admin
Our Preference: Sell Below 1326 for the target of 1317 & 1309 levels
Alternative Scenario: Nill
Technical Commentary: In Weekly Chart :- Last Week Gold was closed on lowerside as bearish candle and its was trading with upper trend line now previous double top resistance was as acting as key support 1308 level so this week we can except upto next key support levels :- which we have shown in attached image.
In Daily Chart :- Gold was trading in the equidistant channel lines and now its was trading near lower trend of triangle pattern if lower trend line break means we can except upto next key support levels :- which we have shown in attached image.
In 4 Hour Chart :- Gold was trading in the equidistant channel lines and now its was trading near lower trend if lower trend line break means we can except upto next key support levels :- which we have shown in attached image.
In 1 Hour Chart :- Gold was trading with upper trend line and its was trading in the intraday triangle pattern if lower trend line break means we can except upto next key support levels :- which we have shown in attached image.
