Daily Technical Analysis Report From CentreForex
Our Preference: Sell Below 1.0980 for the target of 1.0900 levels
Alternative Scenario: Nill
Technical Commentary: In Daily chart :- Yesterday EurUsd was closed below the upper trend line and its closed as bearish engulfing candle pattern so today we can except on selling side upto next support levels of horizontal line :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading below the upper trend line and trading below key resistance level of horizontal line and now its trading in the triangle pattern and trading near lower trend line , If lower trend line breaks means we can except on selling side so we can sell near key resistance level and except upto next support levels :- which we have shown in attached image.
In 1 Hour Chart :- EurUsd was broken the lower trend line and last 5 days euro was trading in the sideways movement between key resistance level and key support levels so we can sell near key resistance level and except upto next support levels:- which we have shown in attached image.
Our Preference: Sell Below 1.5170 for the target 1.5100 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was trading below upper trend line and trading in the triangle pattern so we can keep stoploss above upper trend line and last 2 days high so we can sell near resistance level of upper trend line and except upto next support 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 we can sell near intraday resistance levels and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- :- GbpUsd was trading in the triangle pattern and its was trading in the sideways movement between key resistance level and key support level so we can sell near intraday resistance levels and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell Below 1070 for the target 1058 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- Gold was trading with upper trend line and Yesterday Gold was closed on lower side as bearish candle and this week its was tested the key resistance level 1180 levels, but its fail to break key resistance level so its was giving conformation for selling side, today we can except upto next support levels :- which we have shown in attached image.
In 4 hour chart :- Gold was broken the intraday triangle pattern on lower side and its trading in the sideways movement between key resistance level and key support levels and now its was trading near key support level, if key support level of horizontal line breaks means we can except on selling side upto next key support levels:- which we have shown in attached image.
In 1 Hour Chart :- Gold was trading with upper trend line, gold could’nt able to break upper trend line so its started to move towards key support level of horizontal line so we can except on selling side upto next key support levels :- which we have shown in attached image
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 trading below key resistance level but strong key support of lower trend line was formed, If key resistance of horizontal line breaks means we can except on buying side so today we can expect on buying side from support level lower trend line and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart:- Usd/Chf was trading near lower trend line and trading below the key resistance level if key resistance level breaks means we can except on buying side so today we except on buying side from lower trend line upto next resistance level :- which we have shown in attached image.
Our Preference: Sell Below 133.60 for the target of 132.50 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- EurJpy was trading with upper trend line and yesterday it was closed as bearish candle and closed below the key support level of horizontal line so today we can except on selling side :- We have shown in above image.
In 4 Hour Chart :- EurJpy was trading in the equidistant channel lines and trading near upper trend line so we can sell near upper channel line and except upto next key support levels :- We have shown in above image.
In 1 Hour chart :- EurJpy was trading below the upper trend line and now its trading below key support level so we can sell near intraday resistance level and except upto key support level :- We have shown in above image.
Dear Forex Traders,
We are going to provide Daily Forex Technical Analysis Report from centreforex account managers,
Its very simple and pure technical method and its very easy to understand for all traders. we hope its very usefull for all traders.
Our best advice to keep stoploss on each entry and money management is very important for forex trader otherwise your equity will washout.
Best Regards,
CentreForex
.Our Preference: Buy Above 1.5190 for the target 1.5240 levels.
Alternative Scenario: Sell Below 1.5160 for the target 1.5100 levels.
Technical Commentary :- In Weekly Chart :- Last week GbpUsd was closed on higher side as bullish candle and its was closed above the key resistance level of horizontal line and its trading below the upper trend line so we can except on buying side upto next resistance of upper trend line level :- which we have shown in attached image.
In Daily Chart :- last day GbpUsd was closed on higher side as bullish candle and now GbpUsd was trading near upper trend line and trading below the resistance level of horizontal line If upper trend line breaks means we can except on buying side upto to that we can except on selling side by keeping stoploss above the upper trend line and 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 we can sell near intraday resistance levels and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was broken the upper trend line of the triangle pattern now this upper trend line acting as support level so we can buy near the trend line and except upto next key resistance level :- which we have shown in attached image.
Our Preference: Sell Below 1080 for the target 1058 levels.
Alternative Scenario: Nill
Technical Commentary:- In Weekly Chart :- Last week Gold was closed below the resistance level and closed as bearish candle so this week we can except on selling side with stoploss above last 2 weeks high of resistance :- 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 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 and In 1 Hour Chart :- Gold was trading in the intraday triangle pattern on lower side and its 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.
Our Preference: Sell Below 133.40 for the target of 132.50 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- EurJpy was trading with upper trend line and yesterday it was closed lower side as bearish candle and closed below the key support level of horizontal line so today we can except on selling side :- We have shown in above image.
In 4 Hour Chart :- EurJpy was trading in the equidistant channel lines and trading near upper trend line so we can sell below upper channel line and except upto next key support levels :- We have shown in above image.
In 1 Hour chart :- EurJpy was trading below the upper trend line and now its trading below key support level so we can sell near intraday resistance level and except upto key support level :- We have shown in above image.
Our Preference: Buy Above 0.9830 level for the target of 0.9920 levels.
Alternative Scenario: Sell Below 0.9800 for the target of 0.9700 levels.
Technical Commentary : In Daily Chart :- Yesterday UsdChf was trading above the lower trend line and its trading below key resistance leve, If 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 below the key resistance level so we can buy near lower trend line by keeping stoploss below last week low and except upto next resistance 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 have to wait until break out points.
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We are providing daily forex technical analysis and its very simple and pure technical method its very easy to understand for traders. we hope very usefull for all traders. Our best advice to keep stoploss on each entry and most important is money management on every entry.