Eur/Usd : 01/02/2016 Technical Analysis Report
1st February 2016
CFX Admin
Our Preference: Sell Below 1.0900 for the target of 1.0810 levels
Alternative Scenario: Nill
Technical Commentary: In Weekly Chart :- Last week Eur/Usd was tested the upper trend line of the triangle and its was closed on lower side of the lower trend line 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.
In Daily Chart and 4 Hour Chart :- Eur/Usd was trading in the triangle pattern and last day its was closed on lower side as bearish candle and it was trading near lower trend line of the triangle pattern if the lower trend breaks means we except on selling zone and its was trading in the sideways movement between key resistance level and key support level, so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 1 Hour :- EurUsd 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.
Eur/Jpy : 29/01/2016 Technical Analysis Report
29th January 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:- Yesterday 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 above the resistance level of horizontal line and its trading with upper trend line so we can except on buying side from intraday support level and except upto next key resistance levels :- which we have shown in above image.
In 1 Hour Chart :- EurJpy was trading below the upper trend line and its broken the support level of horizontal line so its confirming for the selling side so we can sell near intraday resistance level and except upto next key support level :- which we have shown in above image.
Usd/Chf : 29/01/2016 Technical Analysis Report
29th January 2016
CFX Admin
Our Preference: Buy Above 1.0120 level for the target of 1.0200 levels.
Alternative Scenario: Nill
Technical Commentary : In Daily Chart :- Last 4 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 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 so we can buy near support level of trend line and except upto next key resistance level :- which we have shown in attached image.
Xau/Usd : 29/01/2016 Technical Analysis Report
29th January 2016
CFX Admin
Our Preference: Buy Above 1108 for the target 1126 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- Gold was trading above the resistance 1110 level and last 2 days we got closing above the resistance level so today we can buy near key support level of horizontal line and except upto next resistance levels :- which we have shown in attached image.
In 4 Hour Chart :- Gold was tested the upper trend line and its broken the sideways movement on upper side now previous resistance 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.
and 1 Hour Chart :- Gold was trading in the equidistant channel line and its tested the lower channel line and its trading lower channel line of key support level, so we can buy near intraday support level and except upto next resistance levels :- which we have shown in attached image.
Gbp/Usd : 29/01/2016 Technical Analysis Report
29th January 2016
CFX Admin
Our Preference: Sell Below 1.4400 for the target 1.4300 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was trading in the equidistant channel lines and after testing the 2010 year low its came back to the resistance level now its trading near resistance level so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- GbpUsd was trading in the equidistant channel line and its trading near upper channel line and its trading below the resistance level of horizontal level, so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
