AUD / USD
| 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. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1840 | S1 | 1832 |
| R2 | 1848 | S2 | 1827 |
| R3 | 1857 | S3 | 1817 |
| R4 | 1865 | S4 | 1808 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1845.51 | Sell Below : 1829.70 | ||
| – Take Profit : 1853.46 | – Take Profit : 1822.75 | ||
| – Stop Loss : 1835.02 | – Stop Loss : 1838..01 | ||
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