AUD / USD
| 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. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1808 | S1 | 1792 |
| R2 | 1815 | S2 | 1785 |
| R3 | 1822 | S3 | 1776 |
| R4 | 1827 | S4 | 1768 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1804.21 | Sell Below : 1790.32 | ||
| – Take Profit : 1809.72 | – Take Profit : 1783.04 | ||
| – Stop Loss : 1798.76 | – Stop Loss : 1797.66 | ||
Download Report in PDF
We provide every solution to start your own
