Xau/Usd : 23/02/2016 Technical Analysis Report
23rd February 2016
CFX Admin
Our Preference: Sell Below 1122 for the target 1205 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- Gold was trading in the triangle pattern and yesterday it was closed on lower side as bearish candle so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart:- Gold was trading in the triangle pattern and its was trading in the sideways movement between key resistance level and key support level now its trading near upper trend line so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
Gbp/Usd : 23/02/2016 Technical Analysis Report
23rd February 2016
CFX Admin
Our Preference: Sell Below 1.4160 for the target 1.4050 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was broken the triangle pattern on lower side and its broken the key support level of horizontal line and yesterday its was closed below the 2010 year low and closed below support level as bearish candle so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was trading below the key resistance level horizontal line and its was trading below yearly low so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was the trading in the equidistant channel line and its trading below the key resistance level of horizontal line so we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
Eur/Usd : 23/02/2016 Technical Analysis Report
23rd February 2016
CFX Admin
Our Preference: Sell Below 1.1060 for the target of 1.0960 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- Yesterday Eur/Usd was broken the key support level of horizontal line 1.1090 level and its close on lower side as bearish candle and its was trading in the triangle pattern so further we can except upto lower trend line and we can sell near intraday resistance level and except upto next key support level of lower trend line :- which we have shown in attached image.
In 4 Hour Chart and In 1 Hour Chart :- Eur/Usd was trading in the equidistant channel line and its was trading below the key resistance level of horizontal line and its was trading with lower trend line so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
Usd/Chf : 16/02/2016 Technical Analysis Report
16th February 2016
CFX Admin
Our Preference: Buy above 0.9850 level for the target of 0.9920 levels.
Alternative Scenario: Nill
Technical Commentary : In Daily Chart :- Yesterday UsdChf was closed on higher side as bullish candle and closed above the key support level of horizontal line and its confirming for buying side so we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart :- UsdChf was broken the lower trend line and its trading was above the key support level of horizontal line trend line so we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.
In 1 Hour Chart :- UsdChf was trading in the equidistant channel line and its broken the upper trned line so its confirming for buying side so we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.
Xau/Usd : 16/02/2016 Technical Analysis Report
16th February 2016
CFX Admin
Our Preference: Buy Above 1190 for the target 1220 levels.
Alternative Scenario: Nill
Technical Commentary:- In Weekly Chart :- Gold was tested the long term equidistant upper channel line and closed below the upper channel line and last week its was broken the key resistance level of horizontal line so we can buy near key support level and except upto upper trend line..
In Daily Chart :- Gold was trading above the upper trend line and key resistance level of horizontal line and previous resistance was acting as key support 1190 level and now gold was trading near key support level of horizontal line so today we can buy near key support 1190 level and except upto next key resistance levels :- which we have shown in attached image.
In 4 Hour Chart :- Gold was tested the lower trend line and closed above the key resistance level of horizontal line and we got closing above the resistance level and lower trend line so its conforming for the buying side so we can buy near support level and except upto next key resistance level :- which we have shown in attached image.
In 1 Hour Chart:- Gold was trading in the triangle pattern and now gold was tested the lower trend and its confirming for the buying side so we can buy near support level and except upto next key resistance level :- which we have shown in attached image.
