Commentary : AUD/USD: Australian dollar shows up trend in Day Candle as well as H1 time frame. MA & RSI Confirms continuity of the trend, 0.7685 can be considered as a nice support if it doesn’t break, definitely it is going to give pull back from here. Wait for the entry point on either side break out level.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above 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 : 0.77560
Sell Below : 0.77242
– Take Profit : 0.77766
– Take Profit : 0.77039
– Stop Loss : 0.77320
– Stop Loss : 0.77493
EUR / USD
Commentary : EUR/USD: The euro is confirming up trend on day candle as well as H1 Time frame. It also suggests that it has failed to give break out above the high of last seven trading sessions. Breaking it successfully will induce a new uptrend. On H1 time frame range is now narrowing down and it is being traded in the high volume zone marked on chart as a bluish grey box. Wait for the trigger price to enter a trade!
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above 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 : 1.21753
Sell Below : 1.21410
– Take Profit : 1.21940
– Take Profit : 1.21137
– Stop Loss : 1.21503
– Stop Loss : 1.21716
GBP / USD
Commentary : GBP/USD: The British Pound also confirms up trend on day candle as well as H1 time frame. It has also shown range where new high is not created since last 5 trading sessions and being traded in high volume zone. Wait for the breakout for new uptrend or let it enter the high volume zone which will give a downward movement for the day!
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.3752
S1
1.3674
R2
1.3776
S2
1.3635
R3
1.3802
S3
1.3600
R4
1.3844
S4
1.3552
BUY
SELL
Buy Above : 1.37547
Sell Below : 1.37052
– Take Profit : 1.37893
– Take Profit : 1.36590
– Stop Loss : 1.37113
– Stop Loss : 1.37499
USD / CAD
Commentary : USD/CAD: The Canadian dollar is being traded in strict range since last three days and looking for a direction, breaking up or down will result in big movement. H1 shows breaking 1.2685 will continue further downward movement. Breaking upward price at 1.275 may lead to 1.28. it is being traded in high volume zone!
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
1.2685
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 : 1.27456
Sell Below : 1.26883
– Take Profit : 1.27700
– Take Profit : 1.26506
– Stop Loss : 1.27179
– Stop Loss : 1.27300
USD / JPY
Commentary : USD/JPY: The Japanese yen is trading in narrow range on a day chart. On a day candle and H1 time frame, it is getting narrowing down and being traded between 50 Pips. Looking to H4 Chart we can have a better picture, suggest a bigger movement is due above 103.85 or below 103.50. Wait for the right breakout.
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 : 103.810
Sell Below : 103.580
– Take Profit : 103.924
– Take Profit : 103.428
– Stop Loss : 103.654
– Stop Loss : 103.781
GOLD
Commentary : XAU/USD (GOLD): Gold is being range bound and traded in between $1,840 – $1,860, which is also high volume zone. Currently RSI & MA confirms downtrend but for making a decisive trend it should break either $1,840 or $1,860 and must sustain till the day candle closes.
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