Eur/Usd : 20/01/2016 Technical Analysis Report
20th January 2016
CFX Admin
Our Preference: Buy Above 1.0900 for the target of 1.0980 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurUsd was broken the triangle pattern on upper side and its was trading in the sideways movement between key resistance level and key support level so today we can buy near intraday support level and except upto next key resistance level because below we have lower trend line and key support level of horizontal line :- which we have shown in attached image.
In 4 Hour Chart Chart :- EurUsd was broken the triangle pattern on upper side but its was trading below the key resistance level of horizontal line and its was trading in the sideways movement between key support level and key resistance level, 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 triangle pattern and trading near key support level of horizontal line and and trading with lower trend 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 : 14/01/2016 Technical Analysis Report
14th January 2016
CFX Admin
Our Preference: Sell Below 129.70 for the target of 126.10 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart:- EurJpy was trading below the major key support level of horizontal line so we can except on selling side we can sell near resistance level upto previous key support levels :- which we have shown in above image.
In 4 Hour Chart and 1 Hour Chart :- Eur Jpy was trading in the triangle pattern now it was trading near lower trend line if lower trend line breaks means we can except on selling zone other wise again we will get maojre resistance level so today we sell near major resistance level of horizontal line and except upto next key support level :- which we have shown in above image.
Usd/Chf : 14/01/2016 Technical Analysis Report
14th January 2016
CFX Admin
Our Preference: Sell Below 1.0090 level for the target of 1.000 levels.
Alternative Scenario: Nill
Technical Commentary : In Daily Chart :- UsdChf was trading in the triangle pattern and yesterday its tested the upper trend line and its came back and closed on lower side and its was trading in the sideways movement between key resistance and key support levels now its was trading near upper trend line so we can sell near upper trend line and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- Usd/Chf was trading in the triangle pattern now its was trading near upper trend line, its couldn’t able to break the 3rd testing of upper trend line so we can sell near upper trend line and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- UsdChf was trading with upper trend line and trading near key resistance level and its was broken the lower trend line so its confirming for the selling side so we can sell near upper trend line and except upto next key support level :- which we have shown in attached image.
Xau/Usd : 14/01/2016 Technical Analysis Report
14th January 2016
CFX Admin
Our Preference: Buy Above 1088 for the target 1100 levels.
Alternative Scenario: Sell Below 1085 for the target 1078 levels.
Technical Commentary:- In Daily Chart :- Gold was trading in the triangle pattern, yesterday it was tested the key support level of horizontal line and closed on higher side as bullish candle 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 broken the resistance 1088 level of horizontal line and its was trading in the sideways movement between key resistance level and key support level so we can buy near support level of horizontal line and except upto next key resistance levels :- which we have shown in attached image.
In 1 Hour Chart :- Gold was trading in the triangle pattern and now its was trading near upper trend line, if the upper trend line breaks means we can except on buying zone If not it will come to lower trend line from there we can except on buying side, so today we can buy near intraday support level and except upto next resistance levels :- which we have shown in attached image.
Gbp/Usd : 14/01/2016 Technical Analysis Report
14th January 2016
CFX Admin
Our Preference: Sell Below 1.4450 for the target 1.4350 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was broken the equidistant channel lines on lower side and GbpUsd was broken the last year low so its confirming for the selling side, 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 :- GbpUsd was trading in the equidistant channel lines and tested lower equidistance channel line and last 2 days its was trading in the sideways movement between key support level and resistance levels and now its formed intraday triangle pattern, now it was trading near lower trend line, if lower trend line breaks means further we can except on selling side so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was trading in the triangle pattern and now its was trading near lower trend line is the lower trend line breaks means we can except on selling side so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
