Xau/Usd : 07/12/2015 Technical Analysis Report
7th December 2015
CFX Admin
Our Preference: Buy above 1075 for the target 1098 levels.
Alternative Scenario: Nill
Technical Commentary:- In weekly Chart :- Gold came back After testing lower equidistant channel line and its closed on higher side as bullish candle and its was closed above the key resistance levels so its confirming for the buying side therefore we can buy near support levels :- which we have shown in attached image.
In Daily Chart :- Yesterday Gold was closed on higher side as bullish candle and closed above the key resistance 1080 levels of horizontal line so further we can except on buying side from intraday support levels :- which we have shown in attached image.
In 4 hour chart :- Gold was trading above the resistance level and its moving with new lower trend line so we can buy near new lower trend line and except upto next key resistance levels :- which we have shown in attached image.
Gbp/Usd : 07/12/2015 Technical Analysis Report
7th December 2015
CFX Admin
Our Preference: Sell Below 1.5150 for the target 1.5050 and 1.5000 levels.
Alternative Scenario: Buy Above 1.5000 for the target 1.5240 levels.
Technical Commentary :- In weekly Chart :- GbpUsd was trading in the triangle pattern and last week it was closed higher side with bullish candle and its was closed above the key resistance level so we can except on buying side from support levels :- which we have shown in attached image.
In Daily Chart :- GbpUsd was trading in the triangle pattern and yesterday it was closed above support level of horizontal line so today we can except buy off from key support level and except upto next resistance level :- which we have shown in attached image.
In 4 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.
In 1 Hour Chart :- GbpUsd was trading below the new upper trend line and its was trading in the sideways movement between key resistance level and key support level so we can sell near upper trend line and except upto next intraday support level :- which we have shown in attached image.
Eur/Usd : 07/12/2015 Technical Analysis Report
7th December 2015
CFX Admin
Our Preference: Sell Below 1.0900 for the target of 1.0770 levels.
Alternative Scenario: Buy above 1.0770 for the target of 1.1000 levels with very tight stoploss
Technical Commentary: In Weekly Chart :- Last week EurUsd was closed on higher side as bullish candle and closed above the key resistance level and we got new resistance upper trend line so we can buy near key support level and except upto upper trend line and except upto last week high :- which we have shown in attached image.
In Daily chart :- EurUsd was trading above the key resistance level of horizontal line so we can except on buying side and we can buy near key support level :- which we have shown in attached image.
In 4 Hour chart and 1 Hour chart :- EurUsd was trading below new upper trend line and so today we can sell near upper trend line and we can except upto next key support levels :- which we have shown in attached image.
Eur/Jpy : 04/12/2015 Technical Analysis Report
4th December 2015
CFX Admin
Our Preference: Buy Above 132.80 for the target of 134.00 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- EurJpy was broken the equidistant channel line on upper side and its broken the major resistance level so today we can except on buying side upto next key resistance levels :- We have shown in above image.
In 4 Hour Chart and In 1 Hour chart :- EurJpy was broken the triangle pattern on upper side and its broken the key resistance level so we can except buying side :- We have shown in above image.
Usd/Chf : 04/12/2015 Technical Analysis Report
4th December 2015
CFX Admin
Our Preference: Sell below 1.0080 level for the target of 0.9850 levels.
Alternative Scenario: Nill
Technical Commentary : In Daily Chart :- UsdChf was broken the equidistant channel lines on lower side and its broken the major key support levels so today we can except on selling side :- which we have shown in attached image.
In 4 Hour Chart and In 1 Hour Chart :- Usd/Chf was broken the equidistant channel line on lower side and trading below resistance level of horizontal line so we can sell near intraday key resistance level:- which we have shown in attached image.
