AUD / USD
| Commentary : The Aussie trades marginally lower on Monday and consolidates around $0.7600 mark. The pair made intraday high at $0.7628 and low at $0.7594 mark. Today triple EMA with a day chart and H1 chart confirms slightly down trend for the time being. A sustained close above $0.7640 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7590 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 | 0.7640 | S1 | 0.7590 |
| R2 | 0.7672 | S2 | 0.7540 |
| R3 | 0.7690 | S3 | 0.7522 |
| R4 | 0.7740 | S4 | 0.7488 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7640 | Sell Below : 0.7580 | ||
| – Take Profit : 0.7672 | – Take Profit : 0.7555 | ||
| – Stop Loss : 0.7590 | – Stop Loss : 0.7620 | ||
EUR / USD
| Commentary : The euro falls gradually against U.S. dollar and slips back below $1.1900 mark. The pair made intraday high at $1.1904 and low at $1.1884. Today triple EMA on a day chart suggest bearish trend while H1 chart signal slightly up trend for the time being. A consistent close above $1.1922 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1876 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 | 1.1922 | S1 | 1.1876 |
| R2 | 1.1940 | S2 | 1.1840 |
| R3 | 1.1962 | S3 | 1.1828 |
| R4 | 1.2004 | S4 | 1.1790 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1922 | Sell Below : 1.1890 | ||
| – Take Profit : 1.1950 | – Take Profit : 1.1840 | ||
| – Stop Loss : 1.1890 | – Stop Loss : 1.1910 | ||
GBP / USD
| Commentary : The pound depreciates noticeably on Monday and touches $1.3668 mark in Asian hours. It is the lowest level since Feb 05, 2021. The pair made intraday high at $1.3713 and low at $1.3668 mark. A day chart and H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1.3710 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1.3665 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 | 1.3710 | S1 | 1.3665 |
| R2 | 1.3750 | S2 | 1.3648 |
| R3 | 1.3789 | S3 | 1.3622 |
| R4 | 1.3840 | S4 | 1.3585 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.3715 | Sell Below : 1.3660 | ||
| – Take Profit : 1.3740 | – Take Profit : 1.3640 | ||
| – Stop Loss : 1.3680 | – Stop Loss : 1.3710 | ||
USD / CAD
| Commentary : The Canadian dollar starts a new week on a lower note ahead of BOC’s business outlook survey and hovers around 1.2550 mark in Asian hours. A day chart and H1 Chart confirm bearish trend for the time being. A sustained close above 1.2580 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2520 will check key supports too. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2580 | S1 | 1.2520 |
| R2 | 1.2610 | S2 | 1.2500 |
| R3 | 1.2640 | S3 | 1.2468 |
| R4 | 1.2690 | S4 | 1.2450 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2580 | Sell Below : 1.2520 | ||
| – Take Profit : 1.2610 | – Take Profit : 1.2500 | ||
| – Stop Loss : 1.2550 | – Stop Loss : 1.2550 | ||
USD / JPY
| Commentary : The Japanese yen strengthens in early Asia on robust PPI results. The pair made intraday high at 109.77 and low at 109.47 mark. The triple EMA on a day chart and H1 chart confirm up trend for the time being. Important to note here that, H1 chart likely to give successful crossover for the bearish trend confirmation. A sustained close above 109.90 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.24 on H1 will check key supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 109.76 | S1 | 109.24 |
| R2 | 109.90 | S2 | 109.00 |
| R3 | 110.22 | S3 | 108.62 |
| R4 | 110.70 | S4 | 108.40 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 109.76 | Sell Below : 109.20 | ||
| – Take Profit : 110.00 | – Take Profit : 109.00 | ||
| – Stop Loss : 109.40 | – Stop Loss : 109.52 | ||
GOLD
| Commentary : The gold weakens on Monday and stabilizes below $1,740 mark. Pair made intraday high at $1,744 and low $1,735 mark. A day chart and H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1,742 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,732 will check further supports. Today’s U.S. session is almost empty, and thus gold likely to be volatile during U.S. session. Just be attentive. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1748 | S1 | 1732 |
| R2 | 1754 | S2 | 1728 |
| R3 | 1762 | S3 | 1722 |
| R4 | 1767 | S4 | 1715 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1743 | Sell Below : 1735 | ||
| – Take Profit : 1748 | – Take Profit : 1728 | ||
| – Stop Loss : 1732 | – Stop Loss : 1742 | ||
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