Gbp/Usd : 20/02/2015 Technical Analysis Report
20th February 2015
CFX Admin
Our Preference: Sell below 1.5400 with target of 1.5270 in extension
Alternative Scenario: Buy above 1.5450 With tight Stoploss of 1.5380 ( But Today its Risky Entry )
Technical Commentary: In daily chart :- Pound was trading in between support and resistance levels, yesterday less volume of buyers to break key resistance line and its closed near lower trend line,
In 4 hours chart & 1 hour chart Gbp/Usd was broken lower trend line and intraday support levels,So its confirming that on selling side, we can sell near key resistance levels and expect upto next key suppot levels :- We have shown in image.
Eur/Usd : 19/02/2015 Technical Analysis Report
19th February 2015
CFX Admin
Our Preference: Sell positions below 1.1440 with target of 1.1350 in extension
Alternative Scenario: Buy above 1.1480 With tight Stoploss of 1.1440 ( But Today its Risky Entry )
Technical Commentary: In daily chart :- Last 5 days there is less volume to break upper trend line and its was trading in between key resistance levels and support levels :- We have shown in image.
In 4 hours chart,Eur/Usd was trading near upper trend line & key resistance level so we can sell near upper resistance line :- We have shown in image.
In 1 hour chart,Eur/Usd was trading at key resistance level( 3rd Testing Key resistance level )So we can sell near key resistance level with tight stoploss :- below we have shown in image.
At present Eur/Usd was trading in consolidation level with key resistances and support levels and last 5 days buying pressure was very low and couldn’t able to break key resistance level so we can except sell upto our key support levels.
Xau/Usd : 19/02/2015 Technical Analysis Report
19th February 2015
CFX Admin
Our Preference: Sell positions below 1216 with target of 1207 & 1200 in extension
Alternative Scenario: Buy above 1222 With tight Stoploss of 1216
Technical Commentary: In daily chart, Gold was trading in selling trend with triangle pattern and its tested lower trend line and get bounced from lower trend line with higher closing (Yesterday), we have shown in above image.
In 4 hours chart,Gold was trading in Equidistance channel lines and near lower trend line and now its was trading key resistance hirsontal line @ 1217 so we can sell near Key resistance line with tight Stoploss ( But risky entry don’t do without stoploss ) :- We have shown in image.
In 1 hour chart,Gold was trading at previous support comes now become key resistance level,So we can sell near key resistance level with tight stoploss :- below we have shown in image.
At present Xau/Usd was trading in Selling trend,so we can except sell upto our key support levels.
Gbp/Usd : 19/02/2015 Technical Analysis Report
19th February 2015
CFX Admin
Our Preference: Buy positions Near 1.5420 with target of 1.5480 in extension
Technical Commentary: In daily chart :- Pound was trading at previous support level, now this previous support level become key resistance level and its was trading in between trend lines.
In 4 hours chart,Gbp/Usd was trading near to upper trend line & key resistance level so its wants to fill to touch the upper resistance line and key resistance line we can buy near interday support level 1.5420 with stoploss and target. :- We have shown in image.
Gbp/Usd : 03/02/2015 Technical Analysis Report
3rd February 2015
CFX Admin
Our Preference: Buy positions above 1.5000 with target of 1.5060 in extension
Alternative Scenario: Nill
Technical Commentary: In daily chart :- GbpUsd was trading in near yearly low and with long consuldration ,
Gbp Usd 4 hours chart was trading in the triangle pattern with near lower trend line and Gbp Usd 1 hour charts also trading in the triangle pattern with good support levels
At present pound was trading in the selling trend and daily chart candlestick pattern showing selling trend, Buying pressure was very low on last week trading and yesterday also ,so we can except sell upto for our target 1.1270
