AUD / USD
| 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. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1778 | S1 | 1758 |
| R2 | 1784 | S2 | 1752 |
| R3 | 1792 | S3 | 1748 |
| R4 | 1802 | S4 | 1740 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1771.10 | Sell Below : 1760.91 | ||
| – Take Profit : 1779.45 | – Take Profit : 1752.70 | ||
| – Stop Loss : 1762.28 | – Stop Loss : 1768.77 | ||
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