Commentary : AUD/USD: The Aussie remains slightly volatile on Friday as Australia released key indicators with flat to positive numbers. The pair made intraday high at $0.7784 and low at $0.7760 mark. A day chart confirms up trend in long run while on H1 chart triple EMA is showing sideways movement. A sustained close above $0.7790 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7750 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
0.7790
S1
0.7750
R2
07815
S2
0.7722
R3
0.7838
S3
0.7702
R4
0.7867
S4
0.7677
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7790
Sell Below : 0.7740
– Take Profit : 0.7815
– Take Profit : 0.7710
– Stop Loss : 0.7750
– Stop Loss : 0.7780
EUR / USD
Commentary : EUR/USD: The euro trades almost flat U.S. dollar and remains well supported above $1.21 mark. Today pair made intraday high at $1.2126 and low at $1.2115. Today triple EMA on a day chart and H1 chart confirm bullish trend for the time being. A consistent close above $1.2150 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2100 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
1.2150
S1
1.2080
R2
1.2170
S2
1.2062
R3
1.2192
S3
1.2048
R4
1.2227
S4
1.2001
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2140
Sell Below : 1.2080
– Take Profit : 1.2172
– Take Profit : 1.2050
– Stop Loss : 1.2100
– Stop Loss : 1.2120
GBP / USD
Commentary : GBP/USD: The pound trades slightly up on Friday and hovers around $1.3950 mark. The pair made intraday high at $1.3958 and low at $1.3930 mark. Today a day chart as well as H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1.3969 requires for the upside rally. Alternatively, a consistent close below $1.3928 will check further key supports.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.3969
S1
1.3928
R2
1.3992
S2
1.3901
R3
1.4008
S3
1.3858
R4
1.4041
S4
1.3822
BUY
SELL
Buy Above : 1.3970
Sell Below : 1.3928
– Take Profit : 1.4001
– Take Profit : 1.3898
– Stop Loss : 1.3940
– Stop Loss : 1.3962
USD / CAD
Commentary : USD/CAD: The Canadian dollar exhibits range bound movement and stabilizes below 1.23 mark in early Asian hours. Today pair made intraday high at 1.2284 and low at 1.2268 mark. The CAD hits fresh new high since Feb 2018. A day chart and H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2315 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2255 on H1 chart 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
1.2315
S1
1.2255
R2
1.2343
S2
1.2210
R3
1.2371
S3
1.2178
R4
1.2392
S4
1.2148
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2300
Sell Below : 1.2255
– Take Profit : 1.2326
– Take Profit : 1.2210
– Stop Loss : 1.2270
– Stop Loss : 1.2290
USD / JPY
Commentary : USD/JPY: The Japanese yen rises slightly on Friday and remains well supported below 109.00 mark. The pair made intraday high at 109.05 and low at 108.76 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 109.05 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.65 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
109.22
S1
108.65
R2
109.40
S2
108.40
R3
109.71
S3
108.22
R4
110.20
S4
107.87
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 109.05
Sell Below : 108.60
– Take Profit : 109.30
– Take Profit : 108.28
– Stop Loss : 108.68
– Stop Loss : 109.05
GOLD
Commentary : XAU/USD (GOLD): Gold depreciated sharply in previous session despite lower than expected U.S. economic results. Today pair made intraday high at $1,773 and low $1,765 mark. A day chart is up and H1 Chart with Triple EMA is showing down trend for the time being. A sustained close above $1,774 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,764 will check further supports. Later today, U.S. will release Personal Income and Spending data.
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