Commentary : The Aussie falls gradually against U.S. dollar and slips back below $0.76 mark. On a day chart, triple EMA still confirms the uptrend only while on H1 chart, it confirms bearish trend. The pair made intraday high at $0.7608 and low at $0.7583 mark. A sustained close above $0.7622 on a Day will check key resistances. Alternatively, current downside movement will test key supports. Today in early Asia, RBA Gov Lowe’s speech failed to bring volatility in the AUD parity.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
0.7622
S1
0.7590
R2
0.7684
S2
0.7532
R3
0.7743
S3
0.7520
R4
0.7799
S4
0.7500
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.76198
Sell Below : 0.75669
– Take Profit : 0.76569
– Take Profit : 0.75381
– Stop Loss : 0.75833
– Stop Loss : 0.76129
EUR / USD
Commentary : The euro trades marginally lower on Friday and trading around $1.1950 mark. Here the RSI and triple EMA confirm the bearish trend. A sustained close below $1.1922 on a Day Chart will check key supports and reversal from it will drag the parity back above $1.2000 mark. Today German Factory orders data (0700 GMT) may bring some volatility in Euro Parity.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2000
S1
1.1922
R2
1.2040
S2
1.1900
R3
1.2074
S3
1.1876
R4
1.2122
S4
1.1840
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.19900
Sell Below : 1.19305
– Take Profit : 1.20163
– Take Profit : 1.18727
– Stop Loss : 1.19607
– Stop Loss : 1.19789
GBP / USD
Commentary : The pound remained extremely volatile in previous session after BOE’s interest rate decision and monetary policy. BOE Gov delayed applying negative interest rate and showed his hope of recovery. The sterling spiked up sharply after his hawkish tone and recovered from $1.3566 to $1.3698 mark. Today pair trades flat and stabilizes above $1.3650 mark. Both RSI and triple EMA confirm the bullish trend on Day as well as H1 chart. The key boundaries for the parity will be $1.3637 to $1.3701 mark. A successful close of either side 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
1.3701
S1
1.3637
R2
1.3740
S2
1.3567
R3
1.3762
S3
1.3520
R4
1.3802
S4
1.3490
BUY
SELL
Buy Above : 1.37057
Sell Below : 1.36516
– Take Profit : 1.37405
– Take Profit : 1.36212
– Stop Loss : 1.36692
– Stop Loss : 1.36917
USD / CAD
Commentary : The Canadian dollar trades marginally lower on Friday ahead of Canada’s employment change data and remains well supported above 1.28 mark. On H1 chart, triple EMA and RSI support the bullish trend but on a Day Chart triple EMA still suggests bearish trend. It simply signifies short term trend reversal is likely. The key range for the day will be 1.2840 and 1.2775 mark. A sustained close of either side will only provide further direction of the parity.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2840
S1
1.2775
R2
1.2882
S2
1.2735
R3
1.2902
S3
1.2690
R4
1.2934
S4
1.2647
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.28469
Sell Below : 1.28060
– Take Profit : 1.28668
– Take Profit : 1.27849
– Stop Loss : 1.28183
– Stop Loss : 1.28338
USD / JPY
Commentary : The Japanese yen continues to trade lower on Friday and breaks key resistance at 105.42 mark. Here the triple EMA as well as RSI confirm the uptrend for the time being. On the top side, key resistance is seen at 105.94 mark. A sustained close above on a Day Chart requires for the upside rally. Alternatively, reversal will check key supports too. Today Japan released strong household spending data but Japanese yen fails to strengthen after it.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
105.94
S1
104.90
R2
106.26
S2
104.22
R3
106.50
S3
103.60
R4
106.88
S4
102.92
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 105.758
Sell Below : 105.318
– Take Profit : 106.037
– Take Profit : 105.165
– Stop Loss : 105.461
– Stop Loss : 105.497
GOLD
Commentary : Gold plunges drastically and touched $1,885 mark on robust U.S. economy recovery. Throughout the week, U.S. has released key economic indicators with positive numbers only. As a result, gold sinks below $1,800 mark. Today the key event for the day will be U.S. NFP Employment Change data. The pair made intraday high at $1,797 and low at $1,792 mark. On a Day Chart, both RSI and EMA signal the bearish trend. A consistent close above $1,808 on H1 chart may bring some upside rally. Alternatively, a sustained close below $1,785 will check further key supports.
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