AUD / USD
| Commentary : The Aussie continues to trade higher and touches $0.7934 mark in Asian hours. On a Day as well as H1chart, RSI and triple EMA confirm the clear uptrend. A sustained close above $0.7932 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7866 will test 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 | 0.7940 | S1 | 0.7866 |
| R2 | 0.7988 | S2 | 0.7842 |
| R3 | 0.8038 | S3 | 0.7799 |
| R4 | 0.8056 | S4 | 0.7740 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.79403 | Sell Below : 0.78834 | ||
| – Take Profit : 0.79766 | – Take Profit : 078426 | ||
| – Stop Loss : 0.78930 | – Stop Loss : 0.79373 | ||
EUR / USD
| Commentary : The euro rises gradually against U.S. dollar and remains well supported above $1.2150 mark. Today Euro zone will release inflation data for the month of January. The day as well as H1 chart has confirmed the uptrend for the time being. The likely range for the parity will be $1.2205 to $1.2090 mark. A sustained close of either side on H1 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 | 1.2205 | S1 | 1.2152 |
| R2 | 1.2264 | S2 | 1.2090 |
| R3 | 1.2323 | S3 | 1.2020 |
| R4 | 1.2352 | S4 | 1.1961 |
| BUY | SELL | ||
 | | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.21832 | Sell Below : 1.21463 | ||
| – Take Profit : 1.22032 | – Take Profit : 1.21274 | ||
| – Stop Loss : 1.21594 | – Stop Loss : 1.21687 | ||
GBP / USD
| Commentary : The sterling climbs sharply against U.S. dollar ahead of U.K.’s job data. The pair made intraday high at $1.4083 and low at $1.4055 mark. The Day and H1 chart confirm the bullish trend for the time being. The expected range for the parity will be $1.4187 to $1.4030 mark. A consistent close of either side will give future 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 | 1.4138 | S1 | 1.4030 |
| R2 | 1.4187 | S2 | 1.3989 |
| R3 | 1.4222 | S3 | 1.3951 |
| R4 | 1.4248 | S4 | 1.3910 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.41055 | Sell Below : 1.40405 | ||
| – Take Profit : 1.41538 | – Take Profit : 1.40107 | ||
| – Stop Loss : 1.40619 | – Stop Loss : 1.40770 | ||
USD / CAD
| Commentary : The Canadian dollar strengthens sharply ahead of BoC’s Governor Macklem’s speech due at 1730 GMT. Triple EMA on H1 and a Day chart confirm the down trend. The pair made intraday high at 1.2618 and low at 1.2585 mark. A sustained close above 1.2642 on a H1 requires for the upside rally. Alternatively, a consistent close below 1.2610 on a Day chart requires for the bearish trend confirmation. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2642 | S1 | 1.2544 |
| R2 | 1.2674 | S2 | 1.2527 |
| R3 | 1.2730 | S3 | 1.2495 |
| R4 | 1.2784 | S4 | 1.2411 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.26232 | Sell Below : 1.25727 | ||
| – Take Profit : 1.26575 | – Take Profit : 1.25364 | ||
| – Stop Loss : 1.25877 | – Stop Loss : 1.26148 | ||
USD / JPY
| Commentary : The Japanese banks will remain closed for the day and hence expecting less volatility in JPY parity. The Japanese yen recovers previous losses and today touches 104.92 mark in early Asia. The pair made intraday high at 105.09 and low at 104.92 levels. The Day chart with triple EMA still suggest the bullish trend while H1 chart has confirmed downside pressure for the time being. A sustained close above 105.12 on H1 requires for the upside rally. Alternatively, a sustained close below 104.94 on H1 will test further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 105.40 | S1 | 104.92 |
| R2 | 105.92 | S2 | 104.55 |
| R3 | 106.38 | S3 | 104.20 |
| R4 | 106.78 | S4 | 103.76 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 105.364 | Sell Below : 104.838 | ||
| – Take Profit : 105.583 | – Take Profit : 104.606 | ||
| – Stop Loss : 105.112 | – Stop Loss : 105.092 | ||
GOLD
| Commentary : Gold appreciates sharply and remains well supported above $1,800 mark. The pair made intraday high at $1,816 and low at $1,806 mark. The key event for the day will be U.S. Fed Chair Powell’s Testimony. The triple EMA on a Day chart still showing some downside pressure but in short run, H1 chart confirms bullish trend. A sustained close above $1,822 requires for the upside rally. Alternatively, a consistent close below $1,798 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 | 1822 | S1 | 1802 |
| R2 | 1827 | S2 | 1794 |
| R3 | 1832 | S3 | 1787 |
| R4 | 1840 | S4 | 1778 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1820.83 | Sell Below : 1805.74 | ||
| – Take Profit : 1829.78 | – Take Profit : 1799.21 | ||
| – Stop Loss : 1811.51 | – Stop Loss : 1813.58 | ||
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