Commentary : AUD/USD: The Aussie exhibits range bound movement and stabilizes back above $0.77 mark. The pair broke key support of $0.7660 mark in previous session but failed to find support below it. On a 60 – minute timeframe, a consistent close above $0.7722 requires for the upside rally. Alternatively, a sustained close below $0.7660 will check key supports.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
0.7772
S1
0.7660
R2
0.7797
S2
0.7590
R3
0.7820
S3
0.7520
R4
0.7854
S4
0.7436
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.77281
Sell Below : 0.76952
– Take Profit : 0.77509
– Take Profit : 0.76715
– Stop Loss : 0.76988
– Stop Loss : 0.77185
EUR / USD
Commentary : EUR/USD: The euro starts a new trading day with the higher price than the previous close of $1.2074 mark. Here, yesterday’s close and todays low both are same on a daily chart, signaling upside price trend. A sustained break below $1.2074 only will take the parity down towards key supports. Alternatively, a successful break above key resistance at $1.2150 will tests key resistances too.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2150
S1
1.2067
R2
1.2198
S2
1.2022
R3
1.2232
S3
1.1962
R4
1.2265
S4
1.1911
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.21172
Sell Below : 1.20693
– Take Profit : 1.21532
– Take Profit : 1.20423
– Stop Loss : 1.20747
– Stop Loss : 1.21068
GBP / USD
Commentary : GBP/USD: The pound erases previous loss against U.S. dollar and rises noticeably on Tuesday. The likely trend for the day will be bullish. The key boundaries for the day will be $1.3605 and $1.3552 mark. A sustained close of either side on hourly 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
1.3605
S1
1.3552
R2
1.3654
S2
1.3522
R3
1.3720
S3
1.3490
R4
1.3776
S4
1.3448
BUY
SELL
Buy Above : 1.36295
Sell Below : 1.35768
– Take Profit : 1.36652
– Take Profit : 1.35462
– Stop Loss : 1.35869
– Stop Loss : 1.36140
USD / CAD
Commentary : USD/CAD: The Canadian dollar enjoys roller – coaster movement against U.S. dollar and trades marginally higher in Asian hours. The pair made intraday high at 1.2755 and low at 1.2720 mark. The technical tools like RSI and EMA both confirm the downside trend 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
1.2783
S1
1.2709
R2
1.2812
S2
1.2667
R3
1.2853
S3
1.2625
R4
1.2906
S4
1.2587
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.27602
Sell Below : 1.27033
– Take Profit : 1.27892
– Take Profit : 1.26668
– Stop Loss : 1.27245
– Stop Loss : 1.27557
USD / JPY
Commentary : USD/JPY: The Japanese yen weakens in Asian hours and jumps back above 104.00 mark. A sustained close above 104.22 requires for the upside rally. Technical tool like RSI indicates upside trend for the time being but EMA still awaits for the successful crossover for upside trend in long run. Alternatively, a consistent close below 103.52 will test key supports too.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
104.22
S1
103.52
R2
104.90
S2
102.90
R3
105.40
S3
102.45
R4
105.94
S4
102.10
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 104.181
Sell Below : 103.800
– Take Profit : 104.364
– Take Profit : 103.622
– Stop Loss : 103.979
– Stop Loss : 104.048
GOLD
Commentary : XAU/USD (GOLD): Gold moves in rigid boundaries and hovers around $1,840 mark. On a daily timeframe, 10D, 20D and 50D EMA confirms the bearish trend. The key ranges for the gold will be $1,840 – $1,827 mark. A sustained close of either side will give further direction to the parity.
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