Commentary : The Aussie remains slightly volatile in early Asia and touches $0.7800 mark. A day and H1 chart suggest bullish trend in short run. A sustained close above $0.7796 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7752 will check further supports.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
0.7822
S1
0.7752
R2
0.7854
S2
0.7700
R3
0.7888
S3
0.7677
R4
0.7904
S4
0.7625
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.78079
Sell Below : 0.77532
– Take Profit : 0.78399
– Take Profit : 0.77239
– Stop Loss : 0.77725
– Stop Loss : 0.77846
EUR / USD
Commentary : The euro appreciated sharply after ECB’s meet and monetary policy statement. Today euro trades marginally lower and hovers around $1.1970 mark. Today triple EMA on a day confirms the bearish trend but H1 chart signals up trend in short run. A consistent close above $1.1989 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1960 on H1 will check further supports.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.1989
S1
1.1960
R2
1.2053
S2
1.1918
R3
1.2080
S3
1.1875
R4
1.2113
S4
1.1838
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.20003
Sell Below : 1.19415
– Take Profit : 1.20265
– Take Profit : 1.19123
– Stop Loss : 1.19734
– Stop Loss : 1.19696
GBP / USD
Commentary : The pound strengthens and touches $1.4004 mark in Asian hours ahead of U.K.’s production and GDP results. The pair made intraday high at $1.4004 and low at $1.3972 mark. Triple EMA on a day and H1 chart suggest bullish trend for the time being. A sustained close above $1.3995 on H1 chart requires for the upside rally. On the other hand, consistent close below $1.3951 on H1 will test further supports too.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.4004
S1
1.3951
R2
1.4032
S2
1.3887
R3
1.4061
S3
1.3816
R4
1.4101
S4
1.3750
BUY
SELL
Buy Above : 1.40102
Sell Below : 1.39470
– Take Profit : 1.40557
– Take Profit : 1.39110
– Stop Loss : 1.39647
– Stop Loss : 1.39829
USD / CAD
Commentary : The pair spiked down sharply in previous session and touched 1.2527 mark. Today Canadian dollar trades marginally lower ahead of Canada’s employment data due at 1330 GMT. A day and H1 chart with triple EMA confirms the bearish trend for the time being. A sustained close above 1.2555 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2524 will check key supports too.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2555
S1
1.2524
R2
1.2578
S2
1.2500
R3
1.2610
S3
1.2488
R4
1.2645
S4
1.2465
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.25657
Sell Below : 1.25215
– Take Profit : 1.25895
– Take Profit : 1.24916
– Stop Loss : 1.25285
– Stop Loss : 1.25580
USD / JPY
Commentary : The Japanese yen exhibits range bound movement and consolidates around 108.50 mark. The pair made intraday high at 108.78 and low at 108.48 mark. The triple EMA on a day and H1 chart suggest the uptrend for the time being. A sustained close above 108.88 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.36 on H1 will check key supports.
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