Usd/Chf : 11/01/2016 Technical Analysis Report
11th January 2016
CFX Admin
Our Preference: Buy Above 0.9940 level for the target of 1.0020 levels.
Alternative Scenario: Sell Below 1.0020 level for the target of 0.9940 levels.
Technical Commentary : In Daily Chart :- Last Day UsdChf was tested the lower trend line of the triangle pattern and its was tested the key support level of horizontal line, now previous lower trend line acting as key support level so we can buy near support level and except upto next key resistance level of upper trend line :- which we have shown in attached image.
In 4 Hour Chart :- Usd/Chf was trading in the sideways movement between key resistance and key support levels and its was trading in the triangle pattern so we can buy near support level and except upto next key resistance level of upper trend line :- which we have shown in attached image.
In 1 Hour Chart :- UsdChf was trading in the equidistant channel lines and its was trading with the key support level of horizontal line now its was trading near upper channel line so we can sell near upper channel line and except upto key support levels line :- which we have shown in attached image.
Xau/Usd : 11/01/2016 Technical Analysis Report
11th January 2016
CFX Admin
Our Preference: Buy Above 1096 for the target 1114 levels.
Alternative Scenario: Nill
Technical Commentary:- In Weekly Chart :- Last week Gold closed above last 2 months high and its closed on higher side as bullish candle so its conforming for the buying zone and we can buy near key support level and except upto next resistance level :- which we have shown in attached image.
In Daily Chart :- Gold was trading in the triangle pattern and its broken the resistance level of horizontal line and last 2 days it was closed above the resistance level so its conforming for the buying zone and we can buy near key support level and except upto next resistance level :- which we have shown in attached image.
In 4 Hour Chart :- Gold was broken the resistance of sideways movement on higher side now previous resistance acting as key support level so we can buy near support level and except upto next key resistance levels :- which we have shown in attached image.
1 Hour Chart :- Gold was broken the resistance level and now its trading with lower trend line so we can buy near lower trend line of support level and expect upto next key resistance level :- which we have shown in attached image.
Gbp/Usd : 11/01/2016 Technical Analysis Report
11th January 2016
CFX Admin
Our Preference: Sell Below 1.4590 for the target 1.4450 levels.
Alternative Scenario: Nill
Technical Commentary :- In Weekly Chart :- Last week GbpUsd was closed below last year low so it s confirming for selling zone so we can sell near resistance level except upto next key support level :- which we have shown in attached image.
In Daily Chart :- GbpUsd was trading in the equidistant channel lines and last day closing below the last year low and closed on lower side as bearish candle its trading below the key support levels 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 lines and its trading with intraday upper trend line so we can sell near intraday upper trend line and except upto next support levels :- which we have shown in attached image.
Eur/Usd : 11/01/16 Technical Analysis Report
11th January 2016
CFX Admin
Our Preference: Buy Above 1.0860 for the target of 1.0990 levels
Alternative Scenario: Nill
Technical Commentary: In Weekly Chart :- Eur/Usd was trading in the equidistant channel lines and last week it was closed on higher side and closed near upper equidistant channel line if upper channel line breaks means we expect on buying side :- which we have shown in attached image.
In Daily chart :- EurUsd was broken the triangle pattern on upper side and last 2 days it was closed on higher side now pervious upper trend line acting as key support level so we can buy above the last days high and except upto next key resistance levels :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was broken the triangle pattern on upper side and now pervious upper trend line acting as key support level and major key support level of horizontal line so we can buy above the key support level and except upto next resistance level :- which we have shown in attached image.
In 1 Hour Chart :- EurUsd was trading in the equidistant channel line and its broken the upper trend line and key resistance level so its confirming for buying zone so we except from key support level :- which we have shown in attached image.
Eur/Jpy : 05/01/2015 Technical Analysis Report
5th January 2016
CFX Admin
Our Preference: Sell Below 129.50 for the target of 127.60 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart:- Yesterday EurJpy was broken last month low and closed below the major key support level, now previous support level of horizontal line acting as key resistance level so we can sell near resistance level of horizontal line and except upto next key support levels :- which we have shown in above image.
In 4 Hour Chart and In 1 Hour chart :- EurJpy was broken the equidistant channel line on lower side and broken the lower side of sideways movement so we can sell near intraday resistance level and except upto next key support level :- which we have shown in above image.
