AUD / USD
| Commentary: AUD/USD: The Aussie reverses previous gain and slips back below $0.77 mark. On a 60 – minute timeframe, a consistent close above $0.7799 requires for the upside rally. Alternatively, current downside trend will take the parity back below $0.7660 mark. The MA still supporting the upside trend in long run. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7799 | S1 | 0.7660 |
| R2 | 0.7820 | S2 | 0.7590 |
| R3 | 0.7854 | S3 | 0.7520 |
| R4 | 0.7878 | S4 | 0.7436 |
| BUY | SELL | ||
 |
 |
||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.77158 | Sell Below : 0.76741 | ||
| – Take Profit : 0.77549 | – Take Profit : 0.76449 | ||
| – Stop Loss : 0.76804 | – Stop Loss : 0.77121 | ||
EUR / USD
| Commentary : EUR/USD: The euro weakens on Monday and stabilizing well below $1.2100 mark. The pair faces key hurdle at $1.2150 mark and sustained close above will tests key resistances too. On a daily time frame, both RSI and MA support the downside trend for the time being and consistent close below $1.2067 mark 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 | 1.2150 | S1 | 1.2067 |
| R2 | 1.2198 | S2 | 1.2022 |
| R3 | 1.2232 | S3 | 1.1962 |
| R4 | 1.2265 | S4 | 1.1911 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.21089 | Sell Below : 1.20569 | ||
| – Take Profit : 1.21319 | – Take Profit : 1.20166 | ||
| – Stop Loss : 1.20524 | – Stop Loss : 1.21038 | ||
GBP / USD
| Commentary : GBP/USD: The pound depreciates ahead of BOE governor Bailey’s speech. The likely trend for the parity will be bearish. The key boundaries for the day will be $1.3605 and $1.3552 mark. A sustained close of either side on hourly 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 | 1.3605 | S1 | 1.3552 |
| R2 | 1.3654 | S2 | 1.3522 |
| R3 | 1.3720 | S3 | 1.3490 |
| R4 | 1.3776 | S4 | 1.3448 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.36029 | Sell Below : 1.35446 | ||
| – Take Profit : 1.36419 | – Take Profit : 1.35140 | ||
| – Stop Loss : 1.35669 | – Stop Loss : 1.35918 | ||
USD / CAD
| Commentary : USD/CAD: The Canadian dollar exhibits range bound movement against U.S. dollar and stabilizes back above $1.2750 mark. The pair made intraday high at 1.2784 and low at 1.2725 mark. The technical tools like RSI confirms the upside trend but MA still signals the downside trend in long run. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2783 | S1 | 1.2709 |
| R2 | 1.2812 | S2 | 1.2667 |
| R3 | 1.2853 | S3 | 1.2625 |
| R4 | 1.2906 | S4 | 1.2587 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.28043 | Sell Below : 1.27381 | ||
| – Take Profit : 1.28342 | – Take Profit : 1.27016 | ||
| – Stop Loss : 1.27746 | – Stop Loss : 1.27787 | ||
USD / JPY
| Commentary : USD/JPY: The Japanese yen starts a new week on upbeat note and hovers around 103.75 mark. A sustained close above 104.22 requires for the upside rally. Technical indicators like RSI, MA both indicate downside trend for the time being. Alternatively, a consistent close below 103.52 will test 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 | 104.22 | S1 | 103.52 |
| R2 | 104.90 | S2 | 102.90 |
| R3 | 105.40 | S3 | 102.45 |
| R4 | 105.94 | S4 | 102.10 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 103.874 | Sell Below : 103.607 | ||
| – Take Profit : 104.057 | – Take Profit : 103.420 | ||
| – Stop Loss : 103.672 | – Stop Loss : 103.823 | ||
GOLD
| Commentary : XAU/USD (GOLD): Gold spikes down in opening hours but recovers immediately from $1,802 mark. On a daily timeframe, 10D, 20D and 50D EMA confirms the bearish trend. The key ranges for the gold will be $1,840 – $1,802 mark. A sustained close of either side will give 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 | 1840 | S1 | 1802 |
| R2 | 1848 | S2 | 1794 |
| R3 | 1857 | S3 | 1785 |
| R4 | 1865 S | S4 | 1776 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1843.98 | Sell Below : 1825.87 | ||
| – Take Profit : 1850.75 | – Take Profit : 1820.78 | ||
| – Stop Loss : 1833.49 | – Stop Loss : 1831.88 | ||
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