Daily Technical Analysis Report From CentreForex - page 4
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Our Preference: Sell Below 1076 for the target 1058 levels.
Alternative Scenario: Nill
Technical Commentary:- In Weekly Chart :- Last week Gold was closed below the resistance level and now previous low acting as major resistance level and its was trading with lower trend line so this week we can except on selling side with stoploss above last 2 weeks high of resistance level of horizontal line :- which we have shown in attached image.
In Daily Chart :- Gold was trading in the sideways movement between key resistance and key support level and last day its was closed below the resistance level of horizontal line and trading with upper trend line so today we can except on selling side upto next support levels :- which we have shown in attached image.
In 4 Hour Chart :- Gold was trading in the intraday triangle pattern and Gold trading in the sideways movement between key resistance level and key support levels and now its was trading near key resistance level of upper trend line, so we sell near resistance level and except upto next key support levels:- which we have shown in attached image.
In 1 Hour Chart :- Gold was trading in the triangle pattern and now its was trading near key resistance level of lower trend line, If lower trend line breaks means we can except on selling side upto next key support levels:- which we have shown in attached image.
Our Preference: Sell Below 1.0990 for the target of 1.0900 levels
Alternative Scenario: Nill
Technical Commentary: In Daily chart :- EurUsd was trading below the upper trend line and its trading below the key resistance of horizontal line and last 4 days high acting as major resistance level and its was trading in the sideways movement between key resistance level and key support level and its was trading with lower trend line If lower trend line breaks means we can except on selling side and except upto next key support levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- EurUsd was trading in the triangle pattern and its was trading below key resistance level of horizontal line and now its trading near previous resistance high and its trading below the upper trend line and it was trading with new lower trend line so we can sell near key resistance level of upper trend line and except upto next support level:- which we have shown in attached image.
Our Preference: Buy Above 0.9870 level for the target of 0.9950 levels.
Alternative Scenario: Nill
Technical Commentary : In Daily Chart :- UsdChf was trading in the triangle pattern and now its trading near the lower trend line and last 4 days acting as the major key support level and it was trading below key resistance level of horizontal line,If the key resistance of horizontal line breaks means we can except on buying side so today we can expect on buying side from support level of lower trend line and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart :- Usd/Chf was trading in the sideways movement between key resistance and key support levels and its trading near lower trend line and trading above the key support level of horizontal line so we can buy near lower trend line and except upto next resistance level :- which we have shown in attached image.
In 1 Hour Chart :- UsdChf was trading in the triangle pattern and it was trading near lower trend line and its was trading in the sideways movement between key resistance and key support level so we can buy near support levels and except upto next resistance level .
Our Preference: Buy Above 132.00 for the target of 133.00 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart and 4 Hour Chart :- EurJpy was trading in the triangle pattern and it was trading neat lower trend line so we can buy near lower trend line so today we can except on buying side from key support level :- We have shown in above image.
In 1 Hour chart :- EurJpy was trading in the equidistant channel line and its was trading with intraday lower trend line so we can except on buying side from support level to next key resistance level :- We have shown in above image.
Our Preference: Buy Above 132.00 for the target of 133.00 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart and 4 Hour Chart :- EurJpy was trading in the triangle pattern and it was trading neat lower trend line so we can buy near lower trend line so today we can except on buying side from key support level :- We have shown in above image.
In 1 Hour chart :- EurJpy was trading in the equidistant channel line and its was trading with intraday lower trend line so we can except on buying side from support level to next key resistance level :- We have shown in above image.
Our Preference: Sell Below 1.0870 for the target of 1.0750 levels
Alternative Scenario: Nill
Technical Commentary: In Weekly Chart :- Eur/Usd was trading in the equidistant channel lines and yesterday it tested the upper channel line and broken last week low so its confirming for the selling zone so we can sell near key resistance level and except upto next key support levels :- which we have shown in attached image.
In Daily chart :- EurUsd was trading below the upper trend line and yesterday it was tested the upper trend line and closed on lower side as bearish candle and its trading below the key resistance of horizontal line and its was trading near key support level of horizontal line If lower key support level breaks means we can except heavy sell off and except upto next key support levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- EurUsd was trading in the triangle pattern and its was trading above the key support level of horizontal line if key support level broken means we can except on heavy sell off so we can sell near intraday resistance levels and except upto next support level:- which we have shown in attached image.
Our Preference: Sell Below 1.0870 for the target of 1.0750 levels
Alternative Scenario: Nill
Technical Commentary: In Weekly Chart :- Eur/Usd was trading in the equidistant channel lines and yesterday it tested the upper channel line and broken last week low so its confirming for the selling zone so we can sell near key resistance level and except upto next key support levels :- which we have shown in attached image.
In Daily chart :- EurUsd was trading below the upper trend line and yesterday it was tested the upper trend line and closed on lower side as bearish candle and its trading below the key resistance of horizontal line and its was trading near key support level of horizontal line If lower key support level breaks means we can except heavy sell off and except upto next key support levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- EurUsd was trading in the triangle pattern and its was trading above the key support level of horizontal line if key support level broken means we can except on heavy sell off so we can sell near intraday resistance levels and except upto next support level:- which we have shown in attached image.
Our Preference: Sell Below 1.4780 for the target 1.4650 levels.
Alternative Scenario: Nill
Technical Commentary :- In Weekly Chart :- Last week GbpUsd was broken the lower trend line and its closed on lower side as bearish candle and now previous lower trend line acting as key resistance level and yesterday it tested the resistance level and yesterday closed below last week low so its confirming for selling side so we can except on selling side upto next support level :- which we have shown in attached image.
In Daily Chart :- GbpUsd was trading in the equidistant channel lines and its trading below the key support levels so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- GbpUsd was trading in the equidistant channel lines and yesterday its was tested the key resistance level of horizontal line and trading below the key support levels so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
Our Preference: Buy Above 0.9990 level for the target of 1.0100 levels.
Alternative Scenario: Nill
Technical Commentary : In Daily Chart :- UsdChf was broken the triangle pattern on upper side so now previous upper trend line acting as key support level so we can buy near support level and except upto next key resistance level of upper trend line :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- Usd/Chf was trading in the equidistant channel line and its was trading in the sideways movement between key resistance and key support levels and its broken the key resistance line of horizontal line so we can buy near intraday support level and except upto next resistance level :- which we have shown in attached image.
Eur/Jpy : 05/01/2015 Technical Analysis Report From CentreForex
Our Preference: Sell Below 129.50 for the target of 127.60 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart:- Yesterday EurJpy was broken last month low and closed below the major key support level, now previous support level of horizontal line acting as key resistance level so we can sell near resistance level of horizontal line and except upto next key support levels :- which we have shown in above image.
In 4 Hour Chart and In 1 Hour chart :- EurJpy was broken the equidistant channel line on lower side and broken the lower side of sideways movement so we can sell near intraday resistance level and except upto next key support level :- which we have shown in above image.