Daily Technical Analysis Report From CentreForex - page 2
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Our Preference: Buy Above 1.0950 for the target of 1.1040levels
Alternative Scenario: Sell Below 1.0930 for the target of 1.0880 levels
Technical Commentary: In Weekly Chart :- Last week EurUsd was Closed on higher side with bullish candle and its closed below the resistance 1.1100 levels of horizontal line so this week we can except upto key resistance level :- which we have shown in attached image.
In Daily chart :- EurUsd was trading below the upper trend line and its trading below the key resistance 1.1100 levels so we can sell near key resistance level of horizontal line and we can except on selling side upto next support levels :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading below the upper equidistant channel line and trading below key resistance level of horizontal line and now its trading in the triangle pattern and now its trading near lower trend line, so we can buy near key support level and except upto next resistance levels or If lower trend line breaks means we can except on selling side :- which we have shown in attached image.
In 1 Hour Chart :- EurUsd was trading near lower trend line so we can except on buying side from lower trend line upto next key resistance level of upper trend line :- which we have shown in attached image.
Our Preference: Sell Below 1066 for the target 1053 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- yesterday Gold was closed on lower side as bearish candle and closed below the key support level, its given conformation for selling side so we can except on selling side upto next key support levels :- which we have shown in attached image.
In 4 Hour Chart and In 1 Hour Chart :- Yesterday Gold was broken the lower trend line and its closed below the key support level of horizontal line and its trading in the sideways movement between key resistance level and key support levels and now its was trading near previous broken lower trend line so we sell near resistance level and except upto next key support levels:- which we have shown in attached image.
Our Preference: Buy Above 1.5120 for the target 1.5220 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was trading with long term and short term upper trend line and yesterday its tested the key support level of horizontal line so we can buy above the ksy support level and except upto upper trend line and next resistance level :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was trading in the equidistance channel lines and its was trading in the sideways movement between key resistance level and key support level so today we can buy support level of horizontal line and except upto next key resistance level :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was trading in the triangle pattern now its trading near lower trend line and key support level of horizontal line so we can buy above the support level of horizontal line and except upto next key resistance level :- which we have shown in attached image.
Our Preference: Buy Above 1.1000 for the target of 1.1100 levels
Alternative Scenario: Nill
Technical Commentary: In Daily chart :- EurUsd was trading below the short term upper trend line and its trading below the key resistance 1.1100 level, If today upper trend line breaks means we except upto next resistance level so we can above upper trend line and except upto next resistance levels :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading near the upper equidistant channel line and trading above the key resistance level of horizontal line and now its trading in the triangle pattern and its trading near lower trend line, so its conforming for the buying zone so we can buy near key support level and except upto next resistance levels :- which we have shown in attached image.
In 1 Hour Chart :- EurUsd was trading in the trading pattern and its trading near upper trend line so if the upper trend line breaks means we except upto next resistance level so we can above upper trend line and except upto next resistance levels:- which we have shown in attached image.
Our Preference: Buy Above 133.00 for the target of 134.00 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- Yesterday EurJpy was closed on higher side and closed above the resistance level of horizontal line and its trading with upper trend line so today we can except on buying side from key support 133.00 level :- We have shown in above image.
In 4 Hour Chart :- EurJpy was trading in the short term and long term equidistant channel lines and yesterday its tested the lower line of equidistant channel line so we can buy near support level and except upto next key resistance levels :- We have shown in above image.
In 1 Hour chart :- EurJpy was trading in the equidistant channel lines and yesterday its tested the lower line of equidistant channel line and we got closing above the key resistance level of horizontal line so we can buy near support level and except upto next key resistance levels :- We have shown in above image.
Our Preference: Sell Below 0.9830 for the target of 0.9750 levels.
Alternative Scenario: Nill
Technical Commentary : In Daily Chart :- Last 4 days UsdChf was trading in the sideways
movement between key resistance and key support level and trading above the lower trend line
and its trading below key resistance level, If lower trend line breaks means we can except on
selling side from intraday resitance level and except upto next key support level :- which we have
shown in attached image.
In 4 Hour Chart :- Usd/Chf was trading in the equidistant channel lines and its breaks the key
support level of horizontal line so its confirming for selling side and its trading sideways movement
between key resistance and key support levels and its trading near upper channel line so we can
sell near upper channel line and except upto next support level :- which we have shown in attached
image.
In 1 Hour Chart :- UsdChf was trading below upper trend line and its trading in the sideways
movement between key resistance and key support level so we can sell below the upper trend line
and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell Below 1066 for the target 1053 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- yesterday Gold was closed on lower side as bearish candle and closed below the key support level of horizontal line and now gold was trading near key resistance level and given conformation for selling side so we can except on selling side with tight stoploss above yesterday high and except upto next key support levels :- which we have shown in attached image.
In 4 Hour Chart :- Yesterday Gold was broken the key support level of horizontal line and we got closing below key support level and already gold was trading in the equidistant channel line and it was trading in the sideways movement between key resistance level and key support levels and now its was trading near resistance level so we sell near resistance level and except upto next key support levels:- which we have shown in attached image.
and In 1 Hour Chart :- Gold was trading in the equidistant channel line & trading in the triangle pattern, If the lower trend line breaks means we can except on selling side and now its trading near intraday resistance level and trading near intraday upper trend line of triangle pattern so we can sell near resistance level and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell Below 1066 for the target 1053 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- yesterday Gold was closed on lower side as bearish candle and closed below the key support level of horizontal line and now gold was trading near key resistance level and given conformation for selling side so we can except on selling side with tight stoploss above yesterday high and except upto next key support levels :- which we have shown in attached image.
In 4 Hour Chart :- Yesterday Gold was broken the key support level of horizontal line and we got closing below key support level and already gold was trading in the equidistant channel line and it was trading in the sideways movement between key resistance level and key support levels and now its was trading near resistance level so we sell near resistance level and except upto next key support levels:- which we have shown in attached image.
and In 1 Hour Chart :- Gold was trading in the equidistant channel line & trading in the triangle pattern, If the lower trend line breaks means we can except on selling side and now its trading near intraday resistance level and trading near intraday upper trend line of triangle pattern so we can sell near resistance level and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell Below 1.5050 for the target 1.4970 levels.
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Alternative Scenario: Buy Above 1.5100 for the target 1.5220 levels.
Technical Commentary :- In Daily Chart :- GbpUsd was trading with upper trend line and yesterday its broken the key support level and closed on lower side as bearish candle so its started to move to test next key support level so we can except on selling side:- which we have shown in attached image.
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In 4 Hour Chart :- GbpUsd was trading in the equidistance channel lines and tested lower channel line, If lower channel line breaks means we can except upto next support levels and its was trading in the sideways movement between key resistance level and key support level so today we can except on next support 1.4990 level of horizontal line :- which we have shown in attached image.
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In 1 Hour Chart :- GbpUsd was trading in the triangle pattern now its trading near lower trend line and but it was trading below the key support level of horizontal line so we can sell near the support level of horizontal line with tight stoploss and except upto next key support level :- which we have shown in attached image.
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Our Preference: Sell Below 1.0990 for the target of 1.0860 levels
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Alternative Scenario: Nill
Technical Commentary: In Daily chart :- After testing the upper trend line EurUsd was came back and closed on lower side as bearish candle and closed below the short term upper trend line and couldn’t able to break upper trend so its conforming for selling side so we can sell below the upper trend line and except upto next support levels :- which we have shown in attached image.
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In 4 Hour Chart :- EurUsd was trading below the upper equidistant channel line and yesterday its broken the intraday triangle pattern on lower side and its trading below the key resistance level of horizontal line, its conforming for the selling side so we can sell near key resistance level and except upto next support levels :- which we have shown in attached image.
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In 1 Hour Chart :- EurUsd was broken the triangle pattern on lower side so its conforming for the selling side and we go head sell near key resistance level and except upto next support levels:- which we have shown in attached image.
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