Commentary : The Aussie remains almost unchanged after flat manufacturing as well as services PMI data. On a Day chart, RSI and triple EMA confirm the uptrend. While H1 chart too suggests the bullish trend as pair fails to find support below $0.7760 mark. A sustained close above $0.7774 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7749 will test key supports too.
Indicators
H1
Trends
Reversing Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
0.7774
S1
0.7735
R2
0.7820
S2
0.7690
R3
0.7878
S3
0.7638
R4
0.7940
S4
0.7594
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.77791
Sell Below : 0.77466
– Take Profit : 0.78023
– Take Profit : 0.77274
– Stop Loss : 0.77570
– Stop Loss : 0.77674
EUR / USD
Commentary : The euro exhibits range bound movement and touches $1.2098 mark in early Asia. The triple EMA confirms the uptrend on H1 chart while a Day Chart still not confirming exact trend for the day. Today from Euro Zone, manufacturing as well as services PMI data are scheduled to release. It may provide further directions to the parity. The key hurdles are seen at $1.2097 to $1.2080 mark. A sustaine close of either side on H1 chart will provide further path 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
1.2097
S1
1.2080
R2
1.2120
S2
1.2020
R3
1.2170
S3
1.1961
R4
1.2205
S4
1.1900
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.21102
Sell Below : 1.20708
– Take Profit : 1.21295
– Take Profit : 1.20502
– Stop Loss : 1.20880
– Stop Loss : 1.20985
GBP / USD
Commentary : The pound is one of the strongest currencies now – a – days. Today pair made intraday high at $1.3975 and low at $1.3951 mark. The Day and H1 chart confirm the bullish trend in short run. The expected range for the parity will be $1.4026 to $1.3856 mark. A consistent close of either side will give future 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
1.4002
S1
1.3951
R2
1.4026
S2
1.3901
R3
1.4066
S3
1.3856
R4
1.4098
S4
1.3767
BUY
SELL
Buy Above : 1.39917
Sell Below : 1.39250
– Take Profit : 1.40359
– Take Profit : 1.38880
– Stop Loss : 1.39462
– Stop Loss : 1.39706
USD / CAD
Commentary : The Canadian dollar trades marginally lower on Friday and jumps back above 1.27 mark. Triple EMA on H1 chart suggests the bullish trend while a Day candle still confirms the down trend in long run. A sustained close above 1.2730 on a H1 requires for the upside rally. Alternatively, reversal from here will drag the parity back below 1.2670 mark.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2730
S1
1.2670
R2
1.2784
S2
1.2648
R3
1.2816
S3
1.2630
R4
1.2839
S4
1.2588
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.27309
Sell Below : 1.26706
– Take Profit : 1.27568
– Take Profit : 1.26486
– Stop Loss : 1.27020
– Stop Loss : 1.26948
USD / JPY
Commentary : The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.02% to 90.61 points. USD/JPY: The Japanese yen trades flat on Friday and broke key support at 105.70 mark. The Day chart with triple EMA still suggests the uptrend but on H1 chart bearish trend likely in short run. In addition, stiff movement is clearly visible on H1 chart from last 12 hours. The key hurdles for the parity will be 105.72 to 105.62 mark. A break of either side on H1 chart will give further direction to the parity.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
105.92
S1
105.62
R2
106.38
S2
105.22
R3
106.78
S3
104.80
R4
107.23
S4
104.55
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 105.854
Sell Below : 105.495
– Take Profit : 106.049
– Take Profit : 105.267
– Stop Loss : 105.636
– Stop Loss : 105.701
GOLD
Commentary : Gold spikes down sharply in early Asia and touches $1,760 mark on robust key fundamentals for the U.S. The Day and H1 charts suggest the bearish trend for the time being. The expected range for the parity will be $1,778 to $1,748 mark. A sustained close of either side on a Day chart will provide further direction to the parity. The key events for the day will be Fed Monetary Policy Report and U.S. manufacturing PMI data. The outcome of it will provide further directions.
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