Commentary : The Aussie remains slightly volatile in early Asian hours and currently hovers around $0.7740 mark. A Day Chart and H1 chart confirm the trend reversal and suggest the bullish trend for the time being. On the top side, key resistance is seen at $0.7799 mark, a sustained close above will drag the parity towards key resistances. Alternatively, reversal from key resistance will result in to downside rally.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
0.7772
S1
0.7690
R2
0.7799
S2
0.7638
R3
0.7820
S3
0.7590
R4
0.7878
S4
0.7522
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.77706
Sell Below : 0.77223
– Take Profit : 0.77973
– Take Profit : 0.76836
– Stop Loss : 0.77404
– Stop Loss : 0.77587
EUR / USD
Commentary : The euro exhibits range bound movement and consolidates around $1.2120 mark. On H1 chart, pair supports the bullish trend but still a successful crossover of triple EMA above Day close is pending for the final confirmation of upside rally. Key boundaries for the parity will be $1.2134 to $1.2100 mark. A consistent break of either side on H1 chart will provide further directions to the parity.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2170
S1
1.2100
R2
1.2224
S2
1.2044
R3
1.2262
S3
1.1961
R4
1.2323
S4
1.1900
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.21449
Sell Below : 1.20991
– Take Profit : 1.21727
– Take Profit : 1.20715
– Stop Loss : 1.21105
– Stop Loss : 1.21347
GBP / USD
Commentary : The pound erases previous gain against U.S. dollar and slips back below $1.38 mark. On a Day Chart, shooting start pattern has observed and thus suggesting short term trend reversal. The pair made intraday high at $1.3817 mark and low at $1.3786 mark. On H1 chart, pair has already confirmed bearish trend. The key boundaries for the parity will be $1.3767 to $1.3820 mark. A successful close of either side on a H1 Chart will provide further direction to the parity.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.3820
S1
1.3767
R2
1.3876
S2
1.3738
R3
1.3932
S3
1.3684
R4
1.3967
S4
1.3637
BUY
SELL
Buy Above : 1.38264
Sell Below : 1.37602
– Take Profit : 1.38636
– Take Profit : 1.37164
– Stop Loss : 1.37891
– Stop Loss : 1.38121
USD / CAD
Commentary : The Canadian dollar depreciates slightly on Friday and jumps back above 1.2711 mark. A Day Chart still suggests bearish trend while on H1 chart, a successful cross over took place and confirms bullish trend in short run. A sustained close above 1.2730 on H1 chart is must for the upside rally. If fails to break key hurdle will drag the parity back below 1.2700 mark.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2730
S1
1.2690
R2
1.2751
S2
1.2630
R3
1.2783
S3
1.2600
R4
1.2856
S4
1.2570
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.27449
Sell Below : 1.26945
– Take Profit : 1.27698
– Take Profit : 1.26707
– Stop Loss : 1.27175
– Stop Loss : 1.27246
USD / JPY
Commentary : The Japanese yen trades marginally lower on Friday and stabilizes well above 104.50 mark. The pair made intraday high at 104.84 and low at 104.68 mark. On H1 chart and Day chart, both RSI and triple EMA suggest upside trend for the time being. Key boundaries for the parity will be 104.92 to 104.50 mark. A sustained close above either side on a Day chart will provide further direction to the parity.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
104.77
S1
104.50
R2
105.20
S2
104.22
R3
105.68
S3
103.60
R4
106.50
S4
102.92
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 104.959
Sell Below : 104.603
– Take Profit : 105.181
– Take Profit : 104.351
– Stop Loss : 104.723
– Stop Loss : 104.849
GOLD
Commentary : Gold broke key support at 1,827 mark in previous session and today touches $1,819 mark in Asian hours. On a Day Chart and H1 chart, triple EMA and RSI confirm the bearish trend for the time being. The key boundaries for the parity will be $1,832 to $1,818 mark. A consistent close of either side on H1 chart will only provide further direction to the parity.
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