Commentary : AUD/USD: Australian Dollar is showing up trend on day candle and on H1 Chart it is below moving average (75) and RSI is also below level 50. Wait for the break out and enter the trade.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
0.7762
S1
0.7660
R2
0.7799
S2
0.7590
R3
0.7820
S3
0.7520
R4
0.7854
S4
0.7500
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.77207
Sell Below : 0.76952
– Take Profit : 0.77413
– Take Profit : 0.76732
– Stop Loss : 0.76967
– Stop Loss : 0.77210
EUR / USD
Commentary : EUR/USD: Euro is showing up trend on day candle and on H1 Chart it is below moving average (75) and RSI is also below level 50. It is further confirming that 1.2115 is a key support if is not broken it will further give pull back and come back in high volume zone and can give upward movement. Wait for the break out and enter the trade.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2198
S1
1.2128
R2
1.2232
S2
1.2074
R3
1.2265
S3
1.2040
R4
1.2309
S4
1.2001
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.21515
Sell Below : 1.21131
– Take Profit : 1.21902
– Take Profit : 1.20859
– Stop Loss : 1.21323
– Stop Loss : 1.21485
GBP / USD
Commentary : GBP/USD: Pound on higher time frame shows up trend but also confirming divergence with RSI meaning it may break into a down trend for confirm down trend please wait for 1.3640. H1 shows and confirm intraday down trend in alternative scenario please wait for the break out above 1.3680.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.3745
S1
1.3635
R2
1.3776
S2
1.3600
R3
1.3802
S3
1.3552
R4
1.3844
S4
1.3490
BUY
SELL
Buy Above : 1.36900
Sell Below : 1.36498
– Take Profit : 1.37181
– Take Profit : 1.36122
– Stop Loss : 1.36513
– Stop Loss : 1.36867
USD / CAD
Commentary : USD/CAD: Canadian Dollar has broken a pattern and full day candle is on uptrend. It may further continue uptrend. Upper Resistance level is 1.2800. For alternative scenario wait for 1.2730 to break for entering sell trade.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2783
S1
1.2672
R2
1.2822
S2
1.2630
R3
1.2848
S3
1.2570
R4
1.2880
S4
1.2537
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.27764
Sell Below : 1.27329
– Take Profit : 1.28062
– Take Profit : 1.26952
– Stop Loss : 1.28062
– Stop Loss : 1.27746
USD / JPY
Commentary : USD/JPY: Japanese yen shows a narrow range movement on day chart. Trend is down but it is currently moving around moving average (75) but RSI is below 50 level and this may continue down site movement. On H1 Chart for intraday trading price is in between the high volume zone may suggest that it can be a range bound for 50 Pips. Wait for the break out to enter the right trend and also lookout carefully for profit booking.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
104.22
S1
103.28
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 : 103.815
Sell Below : 103.652
– Take Profit : 103.920
– Take Profit : 103.506
– Stop Loss : 103.659
– Stop Loss : 103.859
GOLD
Commentary : XAU/USD (GOLD): Gold is moving in very narrow range in term of long term trend and looming for a reason to break for big movement. Above $1,870 it may reverse the trend and can move again in upward direction. Breaking $1,840 and settling there for the day will create new down trend for higher time frame. For Intraday trading, check out the levels and wait for the breakout.
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