Commentary : The Aussie failed to break key hurdle at $0.7838 mark and fell back below $0.7800 mark. A day chart still suggests bullish trend while H1 chart with triple EMA suggests the down trend for the time being. A sustained close above $0.7838 on H1 chart requires for the upside rally. Alternatively, current down side movement will take the parity back below $0.7750 mark.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
0.7838
S1
0.7752
R2
0.7875
S2
0.7728
R3
0.7903
S3
0.7694
R4
0.7939
S4
0.7667
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.78120
Sell Below : 0.77695
– Take Profit : 0.78444
– Take Profit : 0.77376
– Stop Loss : 0.77783
– Stop Loss : 0.78008
EUR / USD
Commentary : The euro exhibits range bound movement and stabilizes around $1.2050 mark. Today triple EMA on a day as well as H1 chart confirm the bearish trend only. A consistent close above $1.2073 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2046 on H1 will check further supports.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2092
S1
1.2046
R2
1.2115
S2
1.2001
R3
1.2167
S3
1.1961
R4
1.2205
S4
1.1938
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.20708
Sell Below : 1.20323
– Take Profit : 1.20995
– Take Profit : 1.20066
– Stop Loss : 1.20435
– Stop Loss : 1.20627
GBP / USD
Commentary : The sterling moves in stiff boundaries on Thursday and hovers around $1.3950 mark. The pair made intraday high at $1.3954 and low at $1.3920 mark. Triple EMA on a day chart suggests up trend while in short run, some downside pressure is likely. A sustained close above $1.3982 on H1 chart requires for the upside rally. On the other hand, consistent close below $1.3920 will test further supports too.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.3982
S1
1.3920
R2
1.4010
S2
1.3858
R3
1.4038
S3
1.3815
R4
1.4086
S4
1.3787
BUY
SELL
Buy Above : 1.39683
Sell Below : 1.39080
– Take Profit : 1.40141
– Take Profit : 1.38732
– Stop Loss : 1.39169
– Stop Loss : 1.39550
USD / CAD
Commentary : The Canadian dollar trades marginally lower on Thursday and stabilizes above 1.2650 mark. A day chart with triple EMA confirms the bearish trend; while in short run, pair is likely to give some upside correction. The expected range for the parity will be 1.2692 to 1.2610 mark. A sustained close of either side on H1 chart requires for the further trend confirmation.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2674
S1
1.2610
R2
1.2692
S2
1.2584
R3
1.2740
S3
1.2555
R4
1.2776
S4
1.2518
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.26907
Sell Below : 1.26373
– Take Profit : 1.27183
– Take Profit : 1.26053
– Stop Loss : 1.26617
– Stop Loss : 1.26745
USD / JPY
Commentary : The Japanese yen trades almost flat on Thursday and hovers around 107.00 mark. The triple EMA on a day and H1 chart suggest the bullish trend for the time being. The pair made intraday high at 107.10 and low at 106.95 mark. A sustained close above 107.07 on H1 requires for the upside rally. Alternatively, a consistent close below 106.80 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
107.22
S1
106.80
R2
107.54
S2
106.53
R3
107.98
S3
105.70
R4
108.15
S4
105.22
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 107.204
Sell Below : 106.823
– Take Profit : 107.397
– Take Profit : 106.584
– Stop Loss : 106.992
– Stop Loss : 107.085
GOLD
Commentary : The gold spiked down sharply in previous session despite ADP job results disappointed the traders. The pair touched $1,701 mark in late U.S. session and today pair manages to recover slightly and stabilizes above $1,710 mark. A day as well as H1 chart still confirms the bearish trend for the time being. The pair made intraday high at $1,716 and low at $1,706 mark. The expected range for the parity will be $1,722 to $1,708 mark. A sustained close of either side on H1 chart requires to confirm further directions of the parity.
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