Commentary : The Aussie weakens against U.S. dollar and touches $0.7687 mark in early Asia. 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 $0.7744 on H1 chart requires for the upside rally. Alternatively, current down side movement will take the parity back below $0.7650 mark.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
0.7752
S1
0.7667
R2
0.7806
S2
0.7599
R3
0.7838
S3
0.7563
R4
0.7850
S4
0.7515
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.77716
Sell Below : 0.76868
– Take Profit : 0.78041
– Take Profit : 0.76651
– Stop Loss : 0.77379
– Stop Loss : 0.77112
EUR / USD
Commentary : The euro depreciates sharply on Friday and hovers around $1.1950 mark. Today triple EMA on a day as well as H1 chart confirm the bearish trend only. A consistent close above $1.1974 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1960 on a day 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
1.1974
S1
1.1938
R2
1.2001
S2
1.1900
R3
1.2046
S3
1.1852
R4
1.2115
S4
1.1802
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2006
Sell Below : 1.19406
– Take Profit : 1.20355
– Take Profit : 1.19067
– Stop Loss : 1.19795
– Stop Loss : 1.19787
GBP / USD
Commentary : The pound trades marginally lower and slips below $1.3900 mark. The pair made intraday high at $1.3906 and low at $1.3867 mark. Triple EMA on a day chart suggests up trend while H1 chart confirms the bearish trend for the time being. A sustained close above $1.3922 on H1 chart requires for the upside rally. On the other hand, consistent close below $1.3866 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
1.3922
S1
1.3866
R2
1.3941
S2
1.3815
R3
1.3997
S3
1.3787
R4
1.4034
S4
1.3750
BUY
SELL
Buy Above : 1.39493
Sell Below : 1.38625
– Take Profit : 1.39952
– Take Profit : 1.38203
– Stop Loss : 1.38980
– Stop Loss : 1.39099
USD / CAD
Commentary : The Canadian dollar remains slightly volatile in early Asia but remains well supported below 1.27 mark. A day chart with triple EMA confirms the bearish trend; while on H1 chart, pair is likely to give some upside correction. The expected range for the parity will be 1.2710 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
1.2710
S1
1.2610
R2
1.2740
S2
1.2584
R3
1.2776
S3
1.2555
R4
1.2800
S4
1.2518
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2690
Sell Below : 1.26270
– Take Profit : 1.27282
– Take Profit : 1.25949
– Stop Loss : 1.26468
– Stop Loss : 1.26641
USD / JPY
Commentary : The Japanese yen falls drastically on Friday after comments from Kuroda and hits lowest level since July 2020. The pair made intraday high at 108.08 and low at 107.81 mark. The triple EMA on a day and H1 chart suggest the bullish trend for the time being. A sustained close above 107.92 on a day chart requires for the upside rally. Alternatively, a consistent close below 107.58 on H1 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
108.15
S1
107.58
R2
108.54
S2
106.80
R3
108.90
S3
106.53
R4
109.56
S4
105.86
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 108.164
Sell Below : 107.696
– Take Profit : 108.356
– Take Profit : 107.417
– Stop Loss : 107.952
– Stop Loss : 107.991
GOLD
Commentary : The gold weakens noticeably in previous session on robust U.S. factory orders data. Today pair made intraday high at $1,698 and low at $1,687 mark. The key event for the day will be U.S. NFP job results. The outcome will provide further direction of it. A day as well as H1 chart still confirms the bearish trend for the time being. The expected range for the parity will be $1,712 to $1,645 mark. A sustained close of either side on H1 chart requires to confirm further directions of the parity.
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