Daily Technical Analysis Report From CentreForex

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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

 

Eur/Usd : 18/12/2015 Technical Analysis Report From Centreforex

Our Preference: Sell Below 1.0870 for the target of 1.0780 levels

Alternative Scenario: Nill

Technical Commentary: In Daily chart :- EurUsdwas broken the sideways movement on lower side and its broken the lower trend line, EurUsd was given conforming on selling side so we can sell below the upper trend line and except upto next support levels :- which we have shown in attached image.

In 4 Hour Chart and In 1 Hour Chart :-EurUsd was trading in the sideways movement between key resistance and key support level now its tested the key support level of horizontal line and its tested previous support and now moving towards next resistance level If support level breaks means we can go head on selling side, In daily chart its conformed for selling side so we can sell near key resistance level and except upto next support levels :- which we have shown in attached image.

 

Gbp/Usd : 18/12/2015 Technical Analysis Report From Centreforex

Our Preference: Buy Above 1.4880 for the target 1.4970 levels.

Alternative Scenario: Nill

Technical Commentary :- In Daily Chart :-GbpUsd was tested the strong lower trend line and its tested the key support level so we can buy near support level and except next key resistance level:- which we have shown in attached image.

In 4 Hour Chart :-GbpUsd was broken the equidistant lower channel line and tested key support level so we can except on buying side from key support level of horizontal line upto next 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 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.

 

Xau/Usd : 18/12/2015 Technical Analysis Report From Centreforex

Our Preference: Sell Below 1066 for the target 1053levels.

Alternative Scenario: Nill

Technical Commentary:- In Daily Chart:- Gold was trading in the equidistant channel lines and yesterday Gold was closed on lower side as bearish candle and closed below the key support level so 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 In 1 Hour Chart :-:- Gold was trading in the equidistant channel lines and Gold was broken the key support level of horizontal line and we got closing below key support level and yesterday tested the key support 1048 levels so today we can sell near major resistance levels and except upto next key support levels:- which we have shown in attached image.

 

Usd/Chf : 18/12/2015 Technical Analysis Report From Centreforex

Our Preference: Buy above 0.9860 for the target of 0.9990 levels.

Alternative Scenario: Nill

Technical Commentary : In Daily Chart :-UsdChf was trading with lower trend line and yesterday its was broken the key resistance level and closed on higher side as bullish candle and UsdChf was broken the sideways movement on upper side of resistance level so we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.

In 4 Hour Chart and In 1 Hour Chart :-Usd/Chf was trading in the triangle pattern and its broken on higher of sideways movement so we can buy near support level and except upto next resistance level :- which we have shown in attached image.

 

Eur/Jpy : 18/12/2015 Technical Analysis Report From CentreForex\

Our Preference: Sell Below 133.00 for the target of 131.60 levels.

Alternative Scenario: Nill

Technical Commentary :- In Daily Chart :-EurJpy was trading in the equidistance channel lines today it tested upper channel line and yesterday its was closed on lower side as bearish candle and closed below the support level of horizontal line so today we can sell near intraday key resistance level and except upto next key support 131.60 level :- We have shown in above image.

In 4 Hour Chart and In 1 Hour Chart:-EurJpy was trading in the equidistant channel lines and its tested the upper channel line so further we can except on selling side upto next key support levels :- We have shown in above image.

 

Eur/Usd : 21/12/2015 Technical Analysis Report From Centreforex

Our Preference: Sell Below 1.0900 for the target of 1.0800 levels

Alternative Scenario: Nill

Technical Commentary: In Weekly Chart :- Last week EurUsd was fail to break the key resistance level and Closed on lower side with Engulfing pattern and so this week we can except on selling side from key resistance level to key support levels :- which we have shown in attached image.

In Daily chart :-EurUsd was trading above the key support level and closed as bearish engulfing pattern and its trading with upper trend line so we can sell near key resistance level and we can except upto next key support levels :- which we have shown in attached image.

In 4 Hour Chart and In 1 Hour Chart :-EurUsd was trading in the equidistant channel line and trading below key resistance level of horizontal line and so we can sell near key support level of horizontal line and except upto next key support levels or we can sell upper trend line :- which we have shown in attached image.

 

Gbp/Usd : 21/12/2015 Technical Analysis Report From Centreforex

Our Preference: Sell Below 1.4950 for the target 1.5850 levels.

Alternative Scenario: Nill.

Technical Commentary :- In Weekly Chart :- GbpUsd was closed on lower side as bearish candle and its was closed below the key support level of horizontal line and so its conforming for the selling trend and we can except on selling side upto next key support level :- which we have shown in attached image.

In Daily Chart :- GbpUsd was closed on lower side as bearish candle and now GbpUsd was trading near key support level If the key support level breaks means we can except key sell off :- which we have shown in attached image.

In 4 Hour Chart :- GbpUsd 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 equidistant channel lines and now it was trading near upper channel line and its was trading below the resistance level of horizontal line and its was trading in the sideways movement so we can sell near the intraday resistance level and except upto next key support level :- which we have shown in attached image.

 

Usd/Chf : 21/12/2015 Technical Analysis Report From Centreforex

Our Preference: Buy Above 0.9900 level for the target of 0.9990 levels.

Alternative Scenario:Nill

Technical Commentary : In Daily Chart :- YesterdayUsdChf was trading with the lower trend line and its trading above the key resistance level so we can buy above the key support level and except upto next key resistance level :- which we have shown in attached image.

In 4 Hour Chart and In 1 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 resistance level :- which we have shown in attached image.

 

Eur/Jpy : 21/12/2015 Technical Analysis Report From CentreForex

Our Preference: Sell Below 132.40 for the target of 131.00 levels.

Alternative Scenario: Nill

Technical Commentary :- In Daily Chart :-EurJpy was trading with upper trend line and its was broken the triangle pattern on lower side and its conforming for the selling side so we can sell near resistance level and except upto next key support level :- We have shown in above image.

In 4 Hour Chart :-EurJpy was trading with the upper trend line and now its was trading below the upper trend line so we sell below upper trend line and except upto next key support level of horizontal line :- We have shown in above image.

In 1 Hour chart :-EurJpy was broken the key support level and its was trading in the equidistant channel line and now its trading below the key support level so we can sell near resistance level and except upto next key support level :- We have shown in above image.

 

Xau/Usd : 21/12/2015 Technical Analysis Report From Centreforex

Our Preference: Sell Below 1080 for the target 1058levels.

Alternative Scenario: Nill

Technical Commentary:- In Weekly Chart :- Gold was trading in the equidistant channel line and its was trading below the resistance level and its was trading below the upper trend line so this week we can except on selling side with stoploss above last week high :- 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 its was trading in the triangle pattern and now its was trading above the key resistance level of horizontal line and trading near upper trend line so today we can except on selling side from upper trend line to next support levels :- which we have shown in attached image.

In 4 Hour Chart:- Goldwas trading in the equidistant channel line and its was trading above the short term resistance level so we can sell near upper trend line of 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 sideways movement between key resistance level and key support levels and gold was trading near upper trend line of key resistance level of, so we sell near resistance level and except upto next key support levels:- which we have shown in attached image.

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