AUD / USD
| Commentary : AUD/USD – The Aussie hits fresh 4 – week low at $0.7622 mark. Today RSI & MA on a day chart is still suggesting up trend. The key support level is $0.7555. A sustained close below will confirm the bearish trend. On H1 Chart there are two key levels $0.7555 and 0.7500 for the down trend. Alternatively, wait for $0.7672 to break for upside rally. | |||
| Indicators | H1 | ||
| Trends | DOWN Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7672 | S1 | 0.7622 |
| R2 | 0.7712 | S2 | 0.7590 |
| R3 | 0.7776 | S3 | 0.7520 |
| R4 | 0.7854 | S4 | 0.7500 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.76722 | Sell Below : 0.76067 | ||
| – Take Profit : 0.77001 | – Take Profit : 0.75805 | ||
| – Stop Loss : 0.76447 | – Stop Loss : 0.7631 | ||
EUR / USD
| Commentary : The euro on a daily chart shows trend reversal. A successful break and close below yesterday’s low ($1.2058) will confirm downside trend on a day chart. On the H1 Chart, the pair exhibits range bound movement of 100 pips. A consistent break will create a new downside range for the parity. Alternatively, reversal from key support will check key resistance at $1.2160. Just wait for the breakout to create intraday position. | |||
| Indicators | H1 | ||
| Trends | DOWN Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2128 | S1 | 1.2074 |
| R2 | 1.2160 | S2 | 1.2040 |
| R3 | 1.2232 | S3 | 1.2001 |
| R4 | 1.2265 | S4 | 1.1922 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.21184 | Sell Below : 1.20675 | ||
| – Take Profit : 1.21425 | – Take Profit : 1.20350 | ||
| – Stop Loss : 1.20880 | – Stop Loss : 1.21128 | ||
GBP / USD
| Commentary : The sterling remains slightly volatile on Thursday, suggesting uptrend on Day Chart while downtrend on H1 chart. Key support on H1 Chart and upward channel is $1.3640. A sustained close below will check key support at $1.3570. Alternatively, reversal may push the parity up towards $1.3700 and $1.3750 mark respectively. | |||
| Indicators | H1 | ||
| Trends | DOWN Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3692 | S1 | 1.3640 |
| R2 | 1.3750 | S2 | 1.3622 |
| R3 | 1.3802 | S3 | 1.3600 |
| R4 | 1.3844 | S4 | 1.3552 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.37050 | Sell Below : 1.36451 | ||
| – Take Profit : 1.37349 | – Take Profit : 1.35989 | ||
| – Stop Loss : 1.36668 | – Stop Loss : 1.36898 | ||
USD / CAD
| Commentary : The Canadian dollar has just confirms up trend with RSI and MA on a day chart. On longer perspective, it may rally up to 1.29 to 1.2950. On H1 Chart, divergence has been observed with RSI, breaking 1.28 may lead to normal range towards 1.2735. A key hurdle is seen at 1.2850, a sustained close above will confirm 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 | 1.2780 | S1 | 1.2780 |
| R2 | 1.2882 | S2 | 1.2735 |
| R3 | 1.2940 | S3 | 1.2690 |
| R4 | 1.3009 | S4 | 1.2630 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.28538 | Sell Below : 1.28021 | ||
| – Take Profit : 1.28828 | – Take Profit : 1.27638 | ||
| – Stop Loss : 1.28261 | – Stop Loss : 1.28396 | ||
USD / JPY
| Commentary : The Japanese yen breaks key resistance at 104.22 mark in Asian hours and confirms up trend on a day chart. On H1 Chart too, the pair has confirmed upward trend but for new buy side positions, please wait for 104.50 levels to breach. Here the RSI have reached 70+ and now it shows over bought level, which may reverse the price movement for the day. Below 104 may leads towards 103.60 mark. Wait for the right levels to create the intraday position in the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 104.50 | 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 : 104.538 | Sell Below : 104.096 | ||
| – Take Profit : 104.729 | – Take Profit : 103.891 | ||
| – Stop Loss : 104.315 | – Stop Loss : 104.352 | ||
GOLD
| Commentary : Gold weakens sharply in previous session and touched $1,831 mark after U.S. FOMC meet. Overall, U.S. dollar has strengthens against major peers which confirms the hawkish FOMC meet. Gold confirms downtrend on a day chart as well as H1 time frame. Though it is testing upward channel support and it is important to wait for the time being whether gold sustains or takes reverse from here. Today, closing price on a day chart will be important to decide future trend which will give either side more than $75 – $100 movement. For intraday purpose, $1,830 and $1,845 are important levels to enter either sell or buy trade. | |||
| Indicators | H1 | ||
| Trends | DOWN Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1,847 | S1 | 1,832 |
| R2 | 1,852 | S2 | 1,827 |
| R3 | 1,860 | S3 | 1,815 |
| R4 | 1,872 | S4 | 1,802 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1845.73 | Sell Below : 1828.43 | ||
| – Take Profit : 1852.89 | – Take Profit : 1821.06 | ||
| – Stop Loss : 1838.33 | – Stop Loss : 1837.33 | ||
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