Xau/Usd : 19/03/2015 Technical Analysis Report
19th March 2015
CFX Admin
Our Preference: Sell below 1175 with stoploss above 1180 and for the target of 1160 .
Alternative Scenario: Buy above 1158 with stoploss below 1147 for the target of 1172.
Technical Commentary: In weekly chart :- Gold was tested last week and testing the upper trend line so we can except some correction from here to next support level .
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, Gold was trading in Equidistance channel lines and safely reached upper channel line so we can except some correction from upper channel line.
In 1 hour chart, Gold was broken the triangle pattern on upper side and its moving towards next resistance level :- we have shown in above image.
Gbp/Usd : 19/03/2015 Technical Analysis Report
19th March 2015
CFX Admin
Our Preference: Buy above 1.4800 with target of 1.4900.
Alternative Scenario: Nill
Technical Commentary: In daily chart :- Gbp/Usd was bounce back from the key support line of lower trend line and Gbp/Usd was broken the key resistance level 1.4800 and yesterday its closed above the key the resistance level of 1.4800 :- We have shown in image.
In 4 hour chart and 1 hour chart :- Gbp/Usd was broken the equidistant channel lines on upper side and now its trading above the upper trend line so we can buy near to channel line and upper trend line :- We have shown in image.
Eur/Usd : 19/03/2015 Technical Analysis Report
19th March 2015
CFX Admin
Our Preference: Buy positions above 1.0630 for the target of target 1.0700 in extension.
Alternative Scenario: Untill Weekly closing
Technical Commentary: In Daily chart, Yesterday Eur/Usd was moved 400 pips on higher side with broken of 5 days high and closed above major key resistance levels 1.0630,1.0700 & 1.0760 and its was trading in the equidistant channel line .
In 4 hour chart, Eur/Usd was broken the equidistant channel lines on higher side and its trading above the channel line and lower support trend line was formed so we can buy near upper channel line.
In 1 hour chart, Eur/Usd was broken the triangle pattern on upper side so we can buy near upper line :- We have shown in image.
Eur/Jpy : 17/03/2015 Technical Analysis Report
17th March 2015
CFX Admin
Our Preference: Sell below 127.80 for the target of 126.50.
Alternative Scenario: Nill
Technical Commentary: In Daily chart :- Eur/Jpy was trading below last year low, its formed major key resistance of upper trend line and key resistance of horizontal line so we can sell near resistance levels :- We have shown in image.
In 4 hour chart & 1 hour chart, Eur/Jpy was trading in the equidistant channel lines and its trading near upper channel line and upper trend line with key resistance level so we can sell near major resistance levels : - We have shown in image.
Usd/Chf : 17/03/2015 Technical Analysis Report
17th March 2015
CFX Admin
Our Preference: Sell Below 1.0110 level for the target of 1.0040 level.
Alternative Scenario: Buy above 1.0130 level for the target of 1.0230 level in extension
Technical Commentary : In daily chart, Usd/Chf was trading in the equidistant channel lines and its trading below key resistance level and UsdChf was formed new upper trend line as key resistance line, so we can sell near upper trend line and key resistance level.
In 4 hour chart and In 1 hour chart, Usd/Chf was trading in the triangle pattern and its trading between support and resistance levels.
