Xau/Usd : 08/12/2015 Technical Analysis Report
8th December 2015
CFX Admin
Our Preference: Sell Below 1075 for the target 1065 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- Yesterday Gold was closed as bearish engulfing pattern and closed below the key resistance 1080 levels of horizontal line so today we can except on selling side upto next support levels :- which we have shown in attached image.
In 4 hour chart :- Gold was trading above the equidistant channel lines and yesterday its broken the lower trend line now previous lower trend line acting as resistance level so its confirming for selling side and except upto next key support levels :- which we have shown in attached image.
In 1 Hour Chart :- Gold was broken the key support level of horizontal line now the support line acting as resistance line so we can sell near resistance level and except upto next support 1065 levels :- which we have shown in attached image.
Gbp/Usd : 08/12/2015 Technical Analysis Report
8th December 2015
CFX Admin
Our Preference: Sell Below 1.5050 for the target 1.5000 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was trading in the triangle pattern and yesterday GbpUsd was tested the resistance level of horizontal line and closed on lower side as bearish candle and so today we can except upto next support level :- which we have shown in attached image.
In 4 Hour Chart and In 1 Hour Chart :- GbpUsd was the trading below the new upper trend line and trading below the key resistance level so we can except selloff from the resistance level and upper trend line and except upto next key support level and lower trend line :- which we have shown in attached image.
Eur/Usd : 08/12/2015 Technical Analysis Report
8th December 2015
CFX Admin
Our Preference: Buy above 1.0840 for the target of 1.0950 levels
Technical Commentary: In Daily chart :- Yesterday EurUsd was tested the key support level of horizontal line and closed on higher side with bullish candle so today we can except on buying side and we can buy near intraday key support level and except upto upper trend line :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading below the upper trend line and yesterday it was tested the support level and trading above the key support level so today we can buy near support level and except upto next resistance levels :- which we have shown in attached image.
In 1 Hour Chart :- EurUsd was trading in the triangle pattern and trading near lower trend line and trading above the support level of horizontal line so we buy near support level :- which we have shown in attached image.
Eur/Jpy : 07/12/2015 Technical Analysis Report
7th December 2015
CFX Admin
Our Preference: Sell Below 134.00 for the target of 133.00 levels.
Alternative Scenario: Buy Above 132.80 for the target of 134.00 levels.
Technical Commentary :- In Daily Chart :- Last week EurJpy was broken major resistance levels and now its trading below the upper trend line so today we can except on buying side from key support levels upto next key resistance and upper trend line :- We have shown in above image.
In 4 Hour Chart :- EurJpy was trading in the equidistant channel lines and yesterday its reached upper channel line and its trading below key resistance level of horizontal line and its trading near upper channel line so we can except selling side from upper channel line :- We have shown in above image.
In 1 Hour chart :- EurJpy was trading with upper trend line and now its trading near upper trend line so we can except selling side from upper trend line :- We have shown in above image.
Usd/Chf : 07/12/2015 Technical Analysis Report
7th December 2015
CFX Admin
Our Preference: Buy above 0.9950 level for the target of 1.0120 levels.
Alternative Scenario: Nill
Technical Commentary : In Daily Chart :- Last week UsdChf was broken the major key support levels from new yearly high 1.0340 levels and reached 62% retracement so we can except some correction from last week low but the trend was changed to selling side :- which we have shown in attached image.
In 4 Hour Chart :- Usd/Chf was formed new lower trend line so we can buy near lower trend line or we can buy near intraday support levels and we can except correction on buying side :- which we have shown in attached image.
In 1 Hour Chart :- UsdChf was trading in the triangle pattern and trading above the key support level so we can above lower trend line and support levels and except upto next resistance levels :- which we have shown in attached image.
