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.
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