Xau/Usd : 04/12/2015 Technical Analysis Report
4th December 2015
CFX Admin
Our Preference: Sell below 1065 for the target 1150 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- Gold was trading in the equidistant channel lines and its trading in the sideways movement between key resistance and key support level now its trading near upper trend line and key resistance level so its confirming for the selling side therefore we can sell near upper trend line and near resistance level :- which we have shown in attached image.
In 4 hour chart :- Gold was trading in the range bound pattern and its trading below the upper trend line and its trading near the resistance level of horizontal level so we can except on selling side :- which we have shown in attached image.
In 1 hour chart :- Gold was trading in the equidistant channel lines and its trading below the upper trend line so we can sell near upper channel line and resistance levels :- which we have shown in attached image.
Gbp/Usd : 04/12/2015 Technical Analysis Report
4th December 2015
CFX Admin
Our Preference: Buy Above 1.5000 for the target 1.5240 levels.
Alternative Scenario: Nill.
Technical Commentary :- In Daily Chart and 4 Hour Chart :- GbpUsd was trading in the triangle pattern and its broken the intraday upper trend line and now its trading above the key resistance 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.
Eur/Usd : 04/12/2015 Technical Analysis Report
4th December 2015
CFX Admin
Our Preference: Buy above 1.0830 for the target of 1.1000 levels.
Alternative Scenario: Nill
Technical Commentary: In Daily chart :- Yesterday EurUsd was broken last 3 weeks high and its closed on higher side as bullish candle and its broken the Equidistant channel line on upper side so today we can buy near key resistance level and except on buying side :- which we have shown in attached image.
In 4 Hour chart :- EurUsd was broken the upper trend line and its broken the major key resistance level so we can except upto next key resistance levels :- which we have shown in attached image.
Eur/Jpy : 03/12/2015 Technical Analysis Report
3rd December 2015
CFX Admin
Our Preference: Sell below 130.80 for the target of 130.00 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- EurJpy was trading in the equidistant channel line and its reached the resistance level so today we can except some correction on selling side key support levels :- We have shown in above image.
In 4 Hour Chart and In 1 Hour chart :- EurJpy was trading in the triangle pattern and its trading near resistance level of 130.80 and its trading below the upper trend line so we can except selling side :- We have shown in above image.
Usd/Chf : 03/12/2015 Technical Analysis Report
3rd December 2015
CFX Admin
Our Preference: Sell below 1.0260 level for the target of 1.0120 levels.
Alternative Scenario: Nill
Technical Commentary : In Daily Chart :- Yesterday UsdChf was broken the equidistant channel lines on lower side and its closed below the key resistance level 1.0248 and its closed as bearish candle so we can sell near resistance level and hold upto next intraday support levels :- 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 new upper trend line was formed so we can sell near resistance level of previous lower channel line :- which we have shown in attached image.
