Eur/Usd : 11/03/2015 Technical Analysis Report
11th March 2015
CFX Admin
Our Preference: Sell positions below 1.0730 with stoploss of 1.0800 and target 1.0620 in extension.
Alternative Scenario: Untill Weekly closing
Technical Commentary: In Daily chart, Eur/Usd was strongly closed below yearly support level and its broken lower trend line of equidistant channel lines and its closed below last 2 days low, so all this confirming for selling side :- We have shown in image.
In 4 hours chart, Eur/Usd was trading in equidistant channel lines and trading near intraday upper trend line, so we can sell near intraday upper channel line.
In 1 hour chart, Eur/Usd was trading in equidistant channel lines near lower channel line, we can sell near intraday resistance of horizontal line level and we can exit near intraday support levels.
Gbp/Usd : 11/03/2015 Technical Analysis Report
11th March 2015
CFX Admin
Our Preference: Sell below1.5080 with target of 1.5030.
Alternative Scenario: Nill
Technical Commentary:
In Weekly chart :- Last week GbpUsd was closed lower and closed below last 3 weeks low and its broken lower trend line and its closed below lower trend line, now previous lower trend line become acting as resistance line so we can sell near the trend line :- We have shown in image.
In daily chart :- Gbp/Usd was trading above the major key support level and trading below the upper trend line and Last 2 days its trading in range bound pattern with key support and key resistance :- We have shown in image.
In 4 hour chart Gbp/Usd was trading in the equidistant channel and In 1 hour chart Gbp/Usd was trading in the near upper trend line So we can sell near upper trend line ,:- We have shown in image.
Gbp/Usd : 10/03/2015 Technical Analysis Report
10th March 2015
CFX Admin
Our Preference: Sell below1.5100 with target of 1.5030.
Alternative Scenario: Nill
Technical Commentary:
In Weekly chart :- Last week GbpUsd was closed lower and closed below last 3 weeks low and its broken lower trend line and its closed below lower trend line, now previous lower trend line become acting as resistance line so we can sell near the trend line :- We have shown in image.
In daily chart :- Gbp/Usd was broken key support level line, Now the previous support line acting as key resistance line level, So we can sell near resistance @ 1.5030 :- We have shown in image.
In 4 hour chart Gbp/Usd was broken equidistant channel line on lower side line so now 1.5100 acting as key resistance level and In 1 hour chart Gbp/Usd was trading in the near upper trend line,:- We have shown in image.
Eur/Usd : 10/03/2015 Technical Analysis Report
10th March 2015
CFX Admin
Our Preference: Sell positions below 1.0860 with stoploss of 1.0910 and target 1.0770 & 1.0700 in extension.
Alternative Scenario: Untill Weekly closing
Technical Commentary: In Weekly chart, Eur/Usd was broken major key support line of yearly low 1.1100 and its was trading below 10 years low and last week low So avoid to think on long side :- We have shown in image.
In Daily chart, Eur/Usd was strongly closed below yearly support level and its trading near lower trend line of equidistant lines. In 4 hours chart, Eur/Usd was trading equidistant channel lines and 1 hour chart, Eur/Usd was trading in new equidistant channel lines so we can sell near intraday resistance levels and we can exit near intraday support levels.
Eur/Jpy : 10/03/2015 Technical Analysis Report
10th March 2015
CFX Admin
Our Preference: Sell below 132.30 With tight Stop loss of 131.70 for the target of 133.00.
Alternative Scenario: Nill
Technical Commentary: In weekly chart & daily chart :- Eur/Jpy was broken the major key support level 134.40 & 132.20 levels and reached last month low :- We have shown in image.
In 4 hour chart & 1 hour chart, Eur/Jpy was trading in the equidistant lines now its reached lower channel line and forming major key support level 130.00 so we can except correction from here for another 100 pip :- We have shown in image.
