Xau/Usd : 20/03/2015 Technical Analysis Report
20th March 2015
CFX Admin
Our Preference: Buy above 1180 with stoploss below 1172 for the target of 1192.
Alternative Scenario: Nill .
Technical Commentary :- In Daily chart, after bounced back from major lower trend line and now its safely reached upper trend line and its started to move on sideways moments with major support and resistance with triangle pattern so we can buy near intraday support levels upto intraday resistance level :- we have shown in above image.
In 4 hours chart and In 1 hour chart, Gold was trading in Equidistance channel lines and safely reached upper channel line and new horizontal resistance line was formed, so we can except some correction from upper channel line :- we have shown in above image.
Gbp/Usd : 20/03/2015 Technical Analysis Report
20th March 2015
CFX Admin
Our Preference: Sell below 1.4820 for the target of 1.4700.
Alternative Scenario: Nill
Technical Commentary: In daily chart :- Yesterday Gbp/Usd closed below 2013 yearly low and close below support horizontal line 1.4800 so we can sell near key support horizontal line @1.4800 level :- We have shown in image.
In 4 hour chart and 1 hour chart :- Gbp/Usd was trading in the triangle pattern and trading below key resistance level so we can sell near key resistance level and today we can except sideways moments in between upper trend line and lower trend line :- We have shown in image.
Eur/Usd : 20/03/2015 Technical Analysis Report
20th March 2015
CFX Admin
Our Preference: Buy positions above 1.0630 for the target of target 1.0700 in extension.
Alternative Scenario: Sell below 1.0580 for the target of 1.0500 .
Technical Commentary: In Daily chart, Eur/Usd was moving in the triangle pattern and its was trading in the equidistant channel line and yesterday it was closed below key resistance lebel 1.0700 level and its moving with new lower trend line.
In 4 hour chart & In 1 hour chart, Eur/Usd was trading with new equidistant channel lines and now its trading near lower channel line and support horizontal line so we except on sideways moment If it breaks 1,0600 level means we can except on selling side.
Eur/Jpy : 19/03/2015 Technical Analysis Report
19th March 2015
CFX Admin
Our Preference: Buy Above 128.80 for the target of 130.00.
Alternative Scenario: Nill
Technical Commentary: In Daily chart :- Eur/Jpy was broken the upper trend line and key resistance line 129.20 and reached major key resistance level 130.00 & 131.20, so we can buy near key support level :- We have shown in image.
In 4 hour chart & 1 hour chart, Eur/Jpy was broken the equidistant channel lines on upper side and its broken the major key resistance level so we can buy near intraday support level 128.80 & 128.40 levels : - We have shown in image.
Usd/Chf : 19/03/2015 Technical Analysis Report
19th March 2015
CFX Admin
Our Preference: Sell below 1.0000 level for the target of 1.0040 level.
Alternative Scenario: Nill
Technical Commentary : In daily chart, After heavy fall on Jan15th ,yesterday we got some correction and its broken the major equidistant channel lines on lower side so its conforming for selling trend and its broken the triangle pattern on lower side, Now previous support line acting as the resistance line, so we can sell near the key resistance level 0.9980 levels.
In 4 hour chart and In 1 hour chart, Usd/Chf was broken the lower trend line and its conforming for the selling trend so we can sell near key resistance level.
