Xau/Usd : 17/03/2015 Technical Analysis Report
17th March 2015
CFX Admin
Our Preference: Buy above 1153 with target of 1158 & 1165 in extension and stoploss above 1143.
Alternative Scenario: Nill
Technical Commentary: In Daily chart, after bounced back from major lower trend line and now 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 with sideways moment and triangle pattern. In 1 hour chart, Gold was trading in the triangle pattern and its trading between major key resistance level and major support level :- we have shown in above image.
Gbp/Usd : 17/03/2015 Technical Analysis Report
17th March 2015
CFX Admin
Our Preference: Sell below1.4820 with target of 1.4730 & 1.4620.
Alternative Scenario: Nill
Technical Commentary:
In weekly chart :- Last week GbpUsd was closed below last 2 years low of year 2013,so its confirming that for selling trend so be caution on buy side, without stoploss don’t enter, so we can sell near the major key resistance of 1.4820 levels :- We have shown in image.
In daily chart :- Gbp/Usd was broken last 2 years low and its closed below major level of 1.4820 and its started move towards the lower trend line:- We have shown in image.
In 4 hour chart and 1 hour chart :- Gbp/Usd was trading in the equidistant channel lines and its trading near to upper channel line with triangle pattern So we can sell near upper channel line and trend line :- We have shown in image.
Eur/Usd : 17/03/2015 Technical Analysis Report
17th March 2015
CFX Admin
Our Preference: Sell positions below 1.0600 for the target of target 1.0490 in extension.
Alternative Scenario: Untill Weekly closing
Technical Commentary: In Daily chart, Eur/Usd was trading in the selling trend with upper 0trend line and key resistance 1.0700 level and its trading below 10 years low,
In 4 hour chart, Eur/Usd was trading in equidistant channel lines with intraday triangle pattern.
In 1 hour chart,Eur/Usd was trading in the equidistant channel lines and its trading near to upper channel line,so we can sell near upper line :- We have shown in image.
Usd/Chf : 16/03/2015 Technical Analysis Report
16th March 2015
CFX Admin
Our Preference: Buy above 1.0030 level for the target of 1.1120 level in extension
Alternative Scenario: Nill
Technical Commentary : In Weekly chart, Usd/Chf was reached key resistance of 1.0100 levels, After dropped on 15th Jan 2015 from 1.0200 levels to 0.7700 levels, Now almost Usd/Chf retain back to 1.0100 level.
In daily chart, Usd/Chf was trading in the equidistant channel lines and its trading in between key support levels 1.0030 and Key resistance levels 1.0130 & 1.0250 levels, now its moving towards upper trend line and yearly high 1.0200 levels.
In 4 hour chart,Usd/Chf was trading in the equidistant channel lines and we got intraday support level so we can buy near support level 1.0000,
In 1 hour chart, Usd/chf was trading in the buying trend with intraday upper trend line and with intraday triangle pattern, so we can buy near lower support level with stoploss :- We have shown in image.
Xau/Usd : 16/03/2015 Technical Analysis Report
16th March 2015
CFX Admin
Our Preference: Sell below 1165 with target of 1158 & 1153 in extension and stoploss above 1170.
Alternative Scenario: Buy above 1153 with target of 1158 & 1165 in extension and stoploss above 1143.
Technical Commentary: In Weekly chart, Last week gold was formed new support levels with lower trend line after bounce back from major key support level 1145 level.
In Daily chart, the gold was bounce back from key support level 1247 and its formed new lower trend line now intraday key resistance @ 1270 level If it breaks and close above this level means we can except of buying trend :- we have shown in above image.
In 4 hours chart, Gold was trading in Equidistance channel lines with sideways moment and triangle pattern.
In 1 hour chart, Gold was trading in the triangle pattern and its trading between major key resistance level and major support level :- we have shown in above image.
