AUD / USD
| Commentary : The Aussie trades marginally higher and remains well supported above $0.77 mark. Here triple EMA as well as RSI confirm the bullish trend in short run. The pair made intraday high at $0.7738 and low at $0.7712 mark. A sustained close above $0.7740 on a Day chart requires for the upside rally. On the bottom side, key hurdle is seen at $0.7690 mark. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7743 | S1 | 0.7690 |
| R2 | 0.7799 | S2 | 0.7638 |
| R3 | 0.7820 | S3 | 0.7590 |
| R4 | 0.7878 | S4 | 0.7522 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.77429 | Sell Below : 0.77044 | ||
| – Take Profit : 0.77691 | – Take Profit : 0.76776 | ||
| – Stop Loss : 0.77058 | – Stop Loss : 0.77342 | ||
EUR / USD
| Commentary : The euro moves in rigid boundaries and stabilizes above $1.21 mark. On H1 chart, pair supports the bullish trend but still a successful crossover of triple EMA above Day close is required for the final confirmation. Today EU has scheduled to release Economic Forecast Report; it may provide further direction to the parity. Key boundaries for the parity will be $1.2140 to $1.2100 mark. A consistent break of either side on hourly chart will provide further directions 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 | 1.2140 | S1 | 1.2100 |
| R2 | 1.2170 | S2 | 1.2044 |
| R3 | 1.2224 | S3 | 1.1961 |
| R4 | 1.2262 | S4 | 1.1900 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.21430 | Sell Below : 1.21054 | ||
| – Take Profit : 1.21708 | – Take Profit : 1.20828 | ||
| – Stop Loss : 1.21087 | – Stop Loss : 1.21299 | ||
GBP / USD
| Commentary : The pound rises sharply and touches $1.3850 mark in Asian hours. The lawmakers in U.K. are very hopeful for the economy recovery from the Covid effect. The technical tools like EMA and RSI confirm the bullish trend on a Day as well as H1 chart. The key boundaries for the parity will be $1.3876 to $1.3810 mark. A successful close of either side on a Day Chart 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 | 1.3876 | S1 | 1.3810 |
| R2 | 1.3900 | S2 | 1.3750 |
| R3 | 1.3932 | S3 | 1.3684 |
| R4 | 1.3967 | S4 | 1.3637 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.38632 | Sell Below : 1.38179 | ||
| – Take Profit : 1.39004 | – Take Profit : 1.37955 | ||
| – Stop Loss : 1.38259 | – Stop Loss : 1.38476 | ||
USD / CAD
| Commentary : The Canadian dollar rises gradually against U.S. dollar and consolidates around 1.2690 mark. Both RSI and triple EMA confirm the bearish trend on a Day as well as H1 chart. A consistent close below 1.2690 requires for the downside rally. On the top side, a Day Close above 1.2710 will check further resistances. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2710 | S1 | 1.2690 |
| R2 | 1.2784 | S2 | 1.2630 |
| R3 | 1.2850 | S3 | 1.2600 |
| R4 | 1.2902 | S4 | 1.2570 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.27243 | Sell Below : 1.26778 | ||
| – Take Profit : 1.27535 | – Take Profit : 1.26541 | ||
| – Stop Loss : 1.26934 | – Stop Loss : 1.27080 | ||
USD / JPY
| Commentary : The Japanese yen trades flat on Thursday as country is having holiday today. In the absence of key fundamentals, we are not expecting high volatility today. On H1 chart, RSI and triple EMA suggest downside trend but on a Day chart, triple EMA still supports bullish trend. The parity will move in stiff boundaries for the time being. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 104.77 | S1 | 104.50 |
| R2 | 105.20 | S2 | 104.22 |
| R3 | 105.68 | S3 | 103.60 |
| R4 | 106.50 | S4 | 102.92 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 104.778 | Sell Below : 104.448 | ||
| – Take Profit : 105.035 | – Take Profit : 104.196 | ||
| – Stop Loss : 104.494 | – Stop Loss : 104.694 | ||
GOLD
| Commentary : Gold surpassed the key resistance at $1,848 mark and touched $1,855 in previous session but failed to find support over there and slipped back below $1,840 mark. Today pair made intraday high at $1,844 and low at $1,834 mark. On a Day Chart, triple EMA and RSI confirm the bearish trend for the time being. One has to keep in mind key hurdles for both the sides. The expected range for the parity will be $1,828 to $1,848 mark. A consistent close of either side will provide further directions to the parity. Today no key fundamentals have scheduled from the U.S. except Fed Monetary Policy Report and thus might bring high volatility in gold during U.S. session. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1848 | S1 | 1827 |
| R2 | 1854 | S2 | 1820 |
| R3 | 1862 | S3 | 1815 |
| R4 | 1870 | S4 | 1807 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1843.84 | Sell Below : 1831.02 | ||
| – Take Profit : 1851.04 | – Take Profit : 1823.95 | ||
| – Stop Loss : 1835.36 | – Stop Loss : 1839.62 | ||
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