Eur/Usd : 04/02/2016 Technical Analysis Report
4th February 2016
CFX Admin
Our Preference: Buy Above 1.1040 for the target of 1.1200 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- Eur/Usd was broken the long term upper trend line and reached key resistance level of horizontal line and yesterday it was closed on higher side so its confirming for the buying side and today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart :- Eur/Usd broken the triangle pattern on upper side and also broken the sideways movement on upper side and broken the key resistance level of horizontal line so today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.
In 1 Hour :- EurUsd was trading in the equidistant channel line, yesterday it tested the upper trend line of equidistant channel lines and trading above the key resistance level of horizontal line so today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.
Eur/Jpy : 01/02/2016 Technical Analysis Report
1st February 2016
CFX Admin
Our Preference: Buy Above 129.50 for the target of 132.00 levels.
Alternative Scenario: Sell Below 132.00 for the target of 130.00 levels.
Technical Commentary :- In Daily Chart:- EurJpy broken the resistance level of horizontal line and closed above the resistance level so we can except on buying side and we can buy near support level and except upto next key resistance levels :- which we have shown in above image.
In 4 Hour Chart :- Eur Jpy was trading with upper trend line and its trading above the key resistance level of horizontal line so we can except on buying side from support level and except upto next key resistance level of upper trend line :- which we have shown in above image.
In 1 Hour Chart :- EurJpy was trading with lower trend line and its trading in the intraday triangle pattern so we can buy near lower trend line of the triangle pattern and except upto key resistance level of horizontal line :- which we have shown in above image.
Usd/Chf : 01/02/2016 Technical Analysis Report
1st February 2016
CFX Admin
Our Preference: Buy Above 1.0200 level for the target of 1.0270 levels.
Alternative Scenario: Nill
Technical Commentary : In Daily Chart :- UsdChf was trading in the equidistant channel line Last 6 Days UsdChf was formed as good support level and now previous resistance level acting as key support level so we can buy near support level and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart :- UsdChf was trading with upper trend line and lower trend line and its trading above the resistance level so we can buy near support level of horizontal line and except upto next key resistance level :- which we have shown in attached image.
In 1 Hour Chart :- UsdChf was trading with lower trend line and trading above the resistance level so we can buy near support level and except upto next key resistance level :- which we have shown in attached image.
Xau/Usd : 01/02/2016 Technical Analysis Report
1st February 2016
CFX Admin
Our Preference: Buy Above 1114 for the target 1126 levels.
Alternative Scenario: Nill
Technical Commentary:- In Weekly Chart :- Last week Gold was closed on higher side and closed above last 2 week high so its confirming for the buying zone and we can buy near resistance level and except upto next key support level :- which we have shown in attached image.
In Daily Chart :- Last day Gold was closed above the resistance level and its was trading with lower trend line and its was trading above the resistance 1110 level so today we can buy near key support level lower trend line and except upto next resistance levels :- which we have shown in attached image.
In 4 Hour Chart :- Gold was trading with lower trend line and we got closing above the upper trend line so its conforming for the buying side so we can buy near support level and except upto next key resistance level :- which we have shown in attached image.
1 Hour Chart :- Gold was trading in the equidistant channel line and resistance are broken so we can buy near intraday support level and except upto next resistance levels :- which we have shown in attached image.
Gbp/Usd : 01/02/2016 Technical Analysis Report
1st February 2016
CFX Admin
Our Preference: Sell Below 1.4400 for the target 1.4300 levels.
Alternative Scenario: Nill
Technical Commentary :- In Weekly Chart :- Last two week Gbp/Usd was tested the 2010 year low and couldn’t able to break and its was closed above the yearly low so its confirming for the buying side upto next resistance level.we can buy near key support level and keep stoploss below this year low and except upto next resistance levels :- which we have shown in attached image.
In Daily Chart :- GbpUsd was formed key support level near 2010 year low, last 6 days its was closed above the 2010 year low and its was trading in the sideways movement between key resistance level and key support level and so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- GbpUsd was broken the equidistant channel line on lower side so its confirming for the selling zone and today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
