Our Preference: Sell below 0.6900 for the target of 0.6840 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- NzdChf was trading below the previous support of lower trend line, Now the previous support lower trend line acting as the key resistance and last four days candle highs are acting as key resistance @ 0.6936 levels, so we can go sell below key resistance level and except upto next key support level :- which we have shown in attached image.
Our Preference: Buy above 1283 for the target of 1298 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- XauUsd was broken the triangle pattern on upper side and after testing the lower trend line its bounce back on buying side and now its trading near 50% Fibonacci retracement level and last four daily candle highs are acting as key resistance level, If key resistance are broken means we can except further buyoff upto next key resistance levels :- which we have shown in attached image.
Our Preference: Sell Below 1.4800 for the target of 1.1680 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurCad was broken the triangle pattern on lower side and we got closing below the 38% Fibonacci retracement level and 38% Fibonacci retracement level acting as the major key resistance level, so we can go sell below key resistance level and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell Below 1.5180 for the target of 1.5090 level
Alternative Scenario: Nill
Technical Commentary: In 4 Hour Chart :- EurAud was trading in the triangle pattern and now its trading inside the triangle pattern, so we can go sell near key resistance level upper trend line and except upto lower trend line :- which we have shown in attached image.
CadJpy : 08/11/2017 Technical Analysis Report
Our Preference: Sell Below 89.50 for the target of 88.30 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- CadJpy was trading in the triangle pattern, New upper trend line was formed near previous high, and previous high acting as key resistance level of horizontal line, Yesterday its closed below the key resistance level as bearish candle, so we can go sell near key resistance level upper trend line and except upto lower trend line :- 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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