AUD / USD
| Commentary : The Aussie starts a new week on a positive note ahead of RBA’s interest rate decision due tomorrow. The pair made intraday high at $0.7654 and low at $0.7605 mark. Here both RSI and MA confirm the uptrend for the time being. A sustained close below $0.7602 will check key supports. Alternatively current upside trend will take the parity back above $0.78 mark. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7676 | S1 | 0.7602 |
| R2 | 0.7712 | S2 | 0.7590 |
| R3 | 0.7776 | S3 | 0.7520 |
| R4 | 0.7854 | S4 | 0.7500 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.76707 | Sell Below : 0.76182 | ||
| – Take Profit : 0.76964 | – Take Profit : 0.75907 | ||
| – Stop Loss : 0.76416 | – Stop Loss : 0.76552 | ||
EUR / USD
| Commentary : The euro trades flat ahead of manufacturing PMI results from the euro area and stabilizes above $1.21 mark. On H1 chart, both RSI and EMA confirm the bullish trend for the time being. The key range for the parity will be $1.2140 and $1.2074 mark. A successful close of either side on a day chart will provide outlook in short run. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2128 | S1 | 1.2074 |
| R2 | 1.2160 | S2 | 1.2040 |
| R3 | 1.2232 | S3 | 1.2001 |
| R4 | 1.2265 | S4 | 1.1922 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.21488 | Sell Below : 1.21147 | ||
| – Take Profit : 1.21739 | – Take Profit : 1.20909 | ||
| – Stop Loss : 1.21214 | – Stop Loss : 1.21372 | ||
GBP / USD
| Commentary : The pound rises gradually against U.S. dollar and confirms the bullish trend in long run. Both RSI and EMA support the uptrend. The key boundaries for the parity will be $1.3740 and $1.3675 mark. A sustained close of either side will get further directions to the parity. U.K.’s interest rate decision is also due to release on Feb 04. It will provide further direction to the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3740 | S1 | 1.3640 |
| R2 | 1.3762 | S2 | 1.3622 |
| R3 | 1.3802 | S3 | 1.3600 |
| R4 | 1.3844 | S4 | 1.3552 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.37639 | Sell Below : 1.37061 | ||
| – Take Profit : 1.37996 | – Take Profit : 1.36758 | ||
| – Stop Loss : 1.37212 | – Stop Loss : 1.37373 | ||
USD / CAD
| Commentary : The Canadian dollar recovers previous losses against U.S. dollar and slips back below 1.28 mark. The RSI and EMA suggest the bearish trend in short run. The key event from Canada will be job results due on Feb 05 to get the further movement. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2882 | S1 | 1.2780 |
| R2 | 1.2902 | S2 | 1.2735 |
| R3 | 1.2940 | S3 | 1.2690 |
| R4 | 1.3009 | S4 | 1.2630 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.28225 | Sell Below : 1.27330 | ||
| – Take Profit : 1.28706 | – Take Profit : 1.26907 | ||
| – Stop Loss : 1.27723 | – Stop Loss : 1.27715 | ||
USD / JPY
| Commentary : The Japanese yen erases previous loss against U.S. dollar and trades marginally higher on Monday. The pair successfully surpasses key resistance at 104.50 mark and stabilizes above it. A daily close below 104.10 will check key supports. The EMA confirms the bullish trend after successful crossover above the trend lines. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 104.90 | S1 | 104.10 |
| R2 | 105.40 | S2 | 103.57 |
| R3 | 105.94 | S3 | 102.90 |
| R4 | 106.50 | S4 | 102.50 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 104.822 | Sell Below : 104.484 | ||
| – Take Profit : 105.081 | – Take Profit : 104.283 | ||
| – Stop Loss : 104.552 | – Stop Loss : 104.707 | ||
GOLD
| Commentary : Gold strengthens on Monday and touches $1,867 mark. The RSI confirms the uptrend on a day basis but EMA still signals the down trend in short run. Key boundaries for the parity will be $1,870 and $1,852 mark. A consistent break of either side will provide further directions to the parity. Important to note here that, Friday’s close and today’s low are same at $1,847 mark. Thus, a consistent close will only check bearish trend. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1867 | S1 | 1847 |
| R2 | 1872 | S2 | 1840 |
| R3 | 1884 | S3 | 1832 |
| R4 | 1892 | S4 | 1820 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1869.57 | Sell Below : 1848.65 | ||
| – Take Profit : 1883.20 | – Take Profit : 1838.05 | ||
| – Stop Loss : 1856.20 | – Stop Loss : 1860.70 | ||
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