AUD / USD
| Commentary : AUD/USD: The Aussie weakens in early Asia as Australia’s retail sales data misses expectations.The pair fails to find support above key resistance at $0.7778 mark and took reversal from there. Alternatively, a sustained close below $0.7742 will check key supports. From the daily chart, RSI signals the trend reversal but EMA still confirm 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 | 0.7778 | S1 | 0.7742 |
| R2 | 0.7797 | S2 | 0.7660 |
| R3 | 0.7820 | S3 | 0.7590 |
| R4 | 0.7854 | S4 | 0.7520 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.77706 | Sell Below : 0.77321 | ||
| – Take Profit : 0.77908 | – Take Profit : 0.77139 | ||
| – Stop Loss : 0.77411 | – Stop Loss : 0.77552 | ||
EUR / USD
| Commentary : EUR/USD: The euro rose sharply after ECB’s rate decision and Press Conference conveyed hawkish tone. Here, the EMA and RSI signal the upside trend for the time being. A sustained break below $1.2074 only will take the parity down towards key supports. Alternatively, a successful close above key resistance at $1.2162 will test key resistances too. Here yesterday’s close and today’s low also confirming the bullish trend. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2198 | S1 | 1.2161 |
| R2 | 1.2232 | S2 | 1.2128 |
| R3 | 1.2265 | S3 | 1.2074 |
| R4 | 1.2309 | S4 | 1.2040 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.21845 | Sell Below : 1.21564 | ||
| – Take Profit : 1.22104 | – Take Profit : 1.21364 | ||
| – Stop Loss : 1.21533 | – Stop Loss : 1.21757 | ||
GBP / USD
| Commentary : GBP/USD: The pound depreciates on Friday ahead of retail sales and Flash PMI data. The pair made intraday high at $1.3735 and low at $1.3708 mark.A sustained close above $1.3730 requires for the upside rally. Alternatively, current downside movement will drag the parity down below $1.3650 mark. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3745 | S1 | 1.3684 |
| R2 | 1.3776 | S2 | 1.3632 |
| R3 | 1.3802 | S3 | 1.3552 |
| R4 | 1.3844 | S4 | 1.3490 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.37429 | Sell Below : 1.36974 | ||
| – Take Profit : 1.37732 | – Take Profit : 1.36552 | ||
| – Stop Loss : 1.37113 | – Stop Loss : 1.37407 | ||
USD / CAD
| Commentary : USD/CAD: The Canadian dollar erases previous gain against U.S. dollar and jumps back above 1.2650 mark. Today pair made intraday high at 1.2670 and low at 1.2632 mark. The technical tools like RSI signals upside trend in short run but EMA confirms the downside trend for the long run. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2695 | S1 | 1.2587 |
| R2 | 1.2736 | S2 | 1.2558 |
| R3 | 1.2783 | S3 | 1.2500 |
| R4 | 1.2822 | S4 | 1.2476 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.26890 | Sell Below : 1.26414 | ||
| – Take Profit : 1.27262 | – Take Profit : 1.26139 | ||
| – Stop Loss : 1.26420 | – Stop Loss : 1.26688 | ||
USD / JPY
| Commentary : USD/JPY: The Japanese yen trades marginally lower after mixed economic data and remains well supported below 104.00 mark. A sustained close above 104.22 requires for the upside rally. Technical tool like EMA indicate downside trend for the time being. Alternatively, a consistent close below 103.28 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 | 103.28 |
| 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 : 103.731 | Sell Below : 103.330 | ||
| – Take Profit : 103.999 | – Take Profit : 103.054 | ||
| – Stop Loss : 103.447 | – Stop Loss : 103.680 | ||
GOLD
| Commentary : XAU/USD (GOLD): Gold remained highly volatile in previous session as U.S. came up with positive fundamental news. Today pair made intraday high at $1,870 and low at 1,859 mark. A sustained close above $1,872 requires for the upside rally. Alternatively, current downside trend will check key supports too. The key ranges for the gold will be $1,872 – $1,855 mark. A sustained close of either side will give 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 | 1876 | S1 | 1857 |
| R2 | 1885 | S2 | 1848 |
| R3 | 1894 | S3 | 1840 |
| R4 | 1902 | S4 | 1832 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1866.82 | Sell Below : 1855.82 | ||
| – Take Profit : 1872.58 | – Take Profit : 1849.05 | ||
| – Stop Loss : 1859.09 | – Stop Loss : 1863.05 | ||
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