Daily Technical Analysis Report From CentreForex

[Centreforex]

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

 

[Centreforex]

Eur/Usd : 14/12/2015 Technical Analysis Report From Centreforex

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.

 

[Centreforex]

Gbp/Usd : 14/12/2015 Technical Analysis Report From 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.

 

[Centreforex]

Xau/Usd : 14/12/2015 Technical Analysis Report From Centreforex

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.

 

[Centreforex]

Usd/Chf : 14/12/2015 Technical Analysis Report From Centreforex

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.

 

[Centreforex]

Eur/Jpy : 14/12/2015 Technical Analysis Report From CentreForex

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.

 

[Centreforex]

Xau/Usd : 15/12/2015 Technical Analysis Report From Centreforex

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.

 

[Centreforex]

Gbp/Usd : 15/12/2015 Technical Analysis Report From Centreforex

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.

 

[Centreforex]

Eur/Usd : 15/12/2015 Technical Analysis Report From Centreforex

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.

 

[Centreforex]

Eur/Jpy : 15/12/2015 Technical Analysis Report From CentreForex

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.

 

[Centreforex]

Usd/Chf : 15/12/2015 Technical Analysis Report From Centreforex

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.

 

[Centreforex]

Usd/Chf : 16/12/2015 Technical Analysis Report From Centreforex

Our Preference: Buy above 0.9850 for the target of 0.9960 levels.

Alternative Scenario: Nill

Technical Commentary : In Daily Chart :- After tresting the lower trend line UsdChf closed on higher side as bullich 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 :- Usd/Chf was broken the equidistant channel lines on upper side and its breaks the key resistance level of horizontal line so its confirming for buying side and its broken the sideways movement and its trading above resistance level so we can sell near resistance level and except upto next resistance level :- which we have shown in attached image.

In 1 Hour Chart :- UsdChf was trading in the the equidistant channel lines and its was trading near key support level of horizontal line so we can buy above the support level and except upto next key resistance level :- which we have shown in attached image.

 

[Centreforex]

Eur/Jpy : 16/12/2015 Technical Analysis Report From CentreForex

Our Preference: Sell Below 133.60 for the target of 132.60 levels.

Alternative Scenario: Nill

Technical Commentary :- In Daily Chart :- Yesterday EurJpy was closed on lower side as bearish candle and closed above the support level of horizontal line and its trading below new upper trend line so today we can sell near upper trend line of key resistance level and except upto next key support 132.60 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 now its trading near upper channel line equidistant channel line so we can sell near short term upper channel line of equidistant and except upto next key support levels :- We have shown in above image.

In 1 Hour chart :- EurJpy was trading in the equidistant channel lines and now its trading near upper channel line equidistant channel line so we can sell near short term upper channel line of equidistant and except upto next key support levels :- We have shown in above image.

 

[Centreforex]

Eur/Usd : 16/12/2015 Technical Analysis Report From Centreforex

Our Preference: Sell Below 1.0990 for the target of 1.0860 levels

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.

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.

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.

 

[Centreforex]

Gbp/Usd : 16/12/2015 Technical Analysis Report From Centreforex

Our Preference: Sell Below 1.5050 for the target 1.4970 levels.

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.

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.

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.

 

[Centreforex]

Xau/Usd : 16/12/2015 Technical Analysis Report From Centreforex

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.

 

[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 :- EurUsd was 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.

 

[Centreforex]

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.

 

[Centreforex]

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.

 

[Centreforex]

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.

In 1 Hour chart :- EurJpy was trading in the equidistant channel lines and now its trading near upper channel line equidistant channel line so we can sell near short term upper channel line of equidistant and except upto next key support levels :- We have shown in above image.