Our Preference: Sell below 88.30 for the target of 87.70 and 86.40 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- Last week CadJpy was broken the triangle pattern on lower side and its broken the major key support level of horizontal line and last week we got closing on lower side as bearish candle so we can except on selling side and we can sell near intraday resistance levels and except upto next key support levels:- which we have shown in attached image.
Our Preference: Buy Above 1.1740 for the target of 1.1880 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurUsd was broken the Equidistant channel line on upper side and we got closing above the 23% Fibonacci retracement level so we can except on selling side and we can buy near intraday support levels and except upto next key resistance levels:- which we have shown in attached image.
Our Preference: Buy Above 1.2750 for the target of 1.2900 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdCad was trading in the triangle pattern, after tesing the lower trend line on the triangle its bounce backing to uptrend and we got closing above the 38% Fibonacci retracement level so we can except on buying side and we can buy near lower trend line and except upto next key resistance levels of upper trend line :- which we have shown in attached image.
Our Preference: Sell below 113.80 for the target of 113.35 level
Alternative Scenario: Nill
Technical Commentary: In 4 Hour Chart :- UsdJpy was trading near lower trend line and its trading in the major key resistance level of horizontal line, if lower trend line breaks means we can except upto next key support level, so we can go sell near key resistance level and except upto next key support level :- which we have shown in attached image.
Our Preference: Buy Above 0.6880 for the target of 0.6950 level
Alternative Scenario: Nill
Technical Commentary: In 4 Hour Chart :- NzdUsd was trading in the equidistant channel lines, now its trading near lower trend line of equidistant channel line and lower side we got one more support level of horizontal line, so we can buy near key support level and except upto next key resistance level :- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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