Daily Technical Analysis Report From CentreForex - page 5
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Our Preference: Sell Below 1082 for the target 1073 levels.
Alternative Scenario: Nill
Technical Commentary:- In Weekly Chart :- Last week Gold was trading with upper trend line and closed below the 1080 resistance level of horizontal line and now last 4 days acting as major resistance level so this week we can except on selling side with stoploss above last 3 weeks high of resistance level of horizontal line :- which we have shown in attached image.
In Daily Chart :- Gold was trading in the triangle pattern and its was trading in the sideways movement between key resistance and key support level and yesterday its was closed below the resistance level of horizontal line and trading below the upper trend line and its tested the upper trend line so today we can sell near upper trend line and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- Gold was broken the triangle pattern on upper side so we can except upto next key resistance level of horizontal line and Gold was trading in the sideways movement between key resistance level and key support levels so we sell near resistance level and except upto next key support levels:- which we have shown in attached image.
Our Preference: Buy Above 1.0860 for the target of 1.0990 levels
Alternative Scenario: Nill
Technical Commentary: In Weekly Chart :- Eur/Usd was trading in the equidistant channel lines and last week it was closed on higher side and closed near upper equidistant channel line if upper channel line breaks means we expect on buying side :- which we have shown in attached image.
In Daily chart :- EurUsd was broken the triangle pattern on upper side and last 2 days it was closed on higher side now pervious upper trend line acting as key support level so we can buy above the last days high and except upto next key resistance levels :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was broken the triangle pattern on upper side and now pervious upper trend line acting as key support level and major key support level of horizontal line so we can buy above the key support level and except upto next resistance level :- which we have shown in attached image.
In 1 Hour Chart :- EurUsd was trading in the equidistant channel line and its broken the upper trend line and key resistance level so its confirming for buying zone so we except from key support level :- which we have shown in attached image.
Our Preference: Sell Below 1.4590 for the target 1.4450 levels.
Alternative Scenario: Nill
Technical Commentary :- In Weekly Chart :- Last week GbpUsd was closed below last year low so it s confirming for selling zone so we can sell near resistance level except upto next key support level :- which we have shown in attached image.
In Daily Chart :- GbpUsd was trading in the equidistant channel lines and last day closing below the last year low and closed on lower side as bearish candle 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 its trading with intraday upper trend line so we can sell near intraday upper trend line and except upto next support levels :- which we have shown in attached image.
Our Preference: Buy Above 0.9940 level for the target of 1.0020 levels.
Alternative Scenario: Sell Below 1.0020 level for the target of 0.9940 levels.
Technical Commentary : In Daily Chart :- Last Day UsdChf was tested the lower trend line of the triangle pattern and its was tested the key support level of horizontal line, now previous lower 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 :- Usd/Chf was trading in the sideways movement between key resistance and key support levels and its was trading in the triangle pattern 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 1 Hour Chart :- UsdChf was trading in the equidistant channel lines and its was trading with the key support level of horizontal line now its was trading near upper channel line so we can sell near upper channel line and except upto key support levels line :- which we have shown in attached image.
Our Preference: Buy Above 1096 for the target 1114 levels.
Alternative Scenario: Nill
Technical Commentary:- In Weekly Chart :- Last week Gold closed above last 2 months high and its closed on higher side as bullish candle so its conforming for the buying zone and we can buy near key support level and except upto next resistance level :- which we have shown in attached image.
In Daily Chart :- Gold was trading in the triangle pattern and its broken the resistance level of horizontal line and last 2 days it was closed above the resistance level so its conforming for the buying zone and we can buy near key support level and except upto next resistance level :- which we have shown in attached image.
In 4 Hour Chart :- Gold was broken the resistance of sideways movement on higher side now previous resistance acting as key support level so we can buy near support level and except upto next key resistance levels :- which we have shown in attached image.
1 Hour Chart :- Gold was broken the resistance level and now its trading with lower trend line so we can buy near lower trend line of support level and expect upto next key resistance level :- which we have shown in attached image.
Xau/Usd : 12/01/2016 Technical Analysis Report From Centreforex
Our Preference: Sell Below 1099 for the target 1088 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- Gold was trading in the triangle pattern, yesterday it was closed below the resistance level of horizontal line and its closed as bearish candle so today we can sell near key resistance level and except upto next support level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- Gold was trading below the resistance level and its was trading in the sideways movement between key resistance level and key support level so we can sell near resistance level of horizontal line and except upto next key support levels :- which we have shown in attached image.
Gbp/Usd : 12/01/2016 Technical Analysis Report From Centreforex
Our Preference: Sell Below 1.4550 for the target 1.4450 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was trading in the equidistant channel lines and yesterday its was closed on lower side and its was trading 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 its trading with intraday upper trend line so we can sell near intraday upper trend line and except upto next support levels :- which we have shown in attached image.
Our Preference: Sell Below 1.4550 for the target 1.4450 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was trading in the equidistant channel lines and yesterday its was closed on lower side and its was trading 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 its trading with intraday upper trend line so we can sell near intraday upper trend line and except upto next support levels :- which we have shown in attached image.
Our Preference: Sell Below 1.0900 for the target of 1.0800 levels
Alternative Scenario: Nill
Technical Commentary: In Daily chart and 4 Hour Chart :- Yesterday EurUsd was inside the triangle pattern and now its trading near upper line of the triangle pattern so we can sell near upper trend line and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- EurUsd was tested upper trend line and it was trading in the equidistant channel line and if lower channel line breaks means we can except sell off upto next key support level :- which we have shown in attached image.
Our Preference: Sell Below 128.00 for the target of 126.60 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart:- EurJpy was trading below the major key support level of horizontal line so we can except on selling side 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 now this lower equidistant channel line acting as resistance level broken so we can sell near intraday resistance level and except upto next key support level :- which we have shown in above image.