Gbp/Usd : 12/03/2015 Technical Analysis Report
12th March 2015
CFX Admin
Our Preference: Sell below1.5000 with target of 1.4900.
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 :- Yesterday Gbp/Usd was broken last month low and closed below key support level 1.5000 ,so last month low acting as key resistance so we can sell near resistance level. 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 and 1 hour chart Gbp/Usd was trading in the equidistant channel near upper channel line, So we can sell near upper trend line :- We have shown in image.
Eur/Usd : 12/03/2015 Technical Analysis Report
12th March 2015
CFX Admin
Our Preference: Sell positions below 1.0620 for the target of target 1.0560 in extension.
Alternative Scenario: Untill Weekly closing
Technical Commentary: In Daily chart, Eur/Usd was trading in the equidistant channel lines and its trading below 10 years low and In 4 hours chart, Eur/Usd was broken intraday key support levels every day and its trading below upper trend line so today we can except some correction upto upper trend line and key resistance level and In 1 hour chart, Eur/Usd was trading in equidistant channel lines near lower channel line so we can except some correction from here :- We have shown in image.
Eur/Jpy : 11/03/2015 Technical Analysis Report
11th 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 131.00 and yesterday its closed on lower side with broken of previous key support low & 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 formed major key resistance line so we can sell near 130.00 and exit near intraday support levels :- We have shown in image.
Usd/Chf : 11/03/2015 Technical Analysis Report
11th March 2015
CFX Admin
Our Preference: Buy above 0.9970 with target of 1.0040 in extension
Alternative Scenario: Nill
Technical Commentary : In daily chart, Usd/Chf was trading in the Equidistance channel lines and safely reached upper channel line and its reached key resistance horizontal line.
In 4 hour chart,Usd/Chf was trading in equidistance channel lines and miving towards upper channel line and key resistance line 1.0050, In 1 hour chart, Usd/chf was trading in the intraday equidistant channel lines, so we can buy near lower support lines with stoploss :- We have shown in image.
Xau/Usd : 11/03/2015 Technical Analysis Report
11th March 2015
CFX Admin
Our Preference: Sell positions below 1165 with target of 1160 & 1155 in extension and stoploss below 1190.
Alternative Scenario: Nill
Technical Commentary: In Weekly chart Gold was broken lower trend line and closed below lower trend line,
In Daily chart and its trading below the major key support level 1170 levels and new support was forming at the level of 1160 :- we have shown in above image.
In 4 hours chart, Gold was trading in Equidistance channel lines and its was trading below key resistance level 1175 Level , so we can sell near key resistance line with stoploss above 1190 level :- we have shown in above image.
In 1 hour chart, Gold was trading in the equidistant lines and near intraday key resistance level 1165 level and its trading in the triangle pattern so we can sell near lower trend line of triangle pattern :- we have shown in above image.
