AUD / USD
| Commentary : AUD/USD: The Aussie weakens on Friday despite robust economic indicators. The pair made intraday high at $0.7682 and low at $0.7636 mark. The EMA still confirms the Uptrend in long run, as parity currently facing short-term trend reversal. The key boundaries for the parity will be $0.7676 and $0.7622 mark. A consistent close of either side will give further directions 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 | 0.7676 | 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 : 0.76735 | Sell Below : 0.76211 | ||
| – Take Profit : 0.77014 | – Take Profit : 0.75935 | ||
| – Stop Loss : 0.76460 | – Stop Loss : 0.76580 | ||
EUR / USD
| Commentary : EUR/USD: The euro trades marginally lower and hovers around $1.21 mark. Today many key economic indicators are scheduled to release from the Euro Area, thus medium to high volatility is expected in euro parity. On H1 chart, both RSI and EMA confirm the bearish trend for the time being. The key range for the parity will be $1.2121 and $1.2074 mark. A successful close of either side on a day chart will provide outlook in short run. | |||
| 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 : 1.21280 | Sell Below : 1.20755 | ||
| – Take Profit : 1.21612 | – Take Profit : 1.20430 | ||
| – Stop Loss : 1.20953 | – Stop Loss : 1.21154 | ||
GBP / USD
| Commentary : GBP/USD: The pound moves in stiff boundaries and consolidates around $1.37 mark. Here both RSI & EMA signals the bullish trend. The key boundaries for the parity will be $1.3740 and $1.3675 mark. A sustained close of either side will get 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 | 1.3740 | S1 | 1.3640 |
| R2 | 1.3762 | S2 | 1.3622 |
| R3 | 1.3802 | S3 | 1.3600 |
| R4 | 1.3844 | S4 | 1.3552 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.37307 | Sell Below : 1.36747 | ||
| – Take Profit : 1.37606 | – Take Profit : 1.36445 | ||
| – Stop Loss : 1.36925 | – Stop Loss : 1.37059 | ||
USD / CAD
| Commentary : USD/CAD: The Canadian dollar falls gradually against U.S. dollar and remains well supported above 1.2800 mark. The RSI confirms the uptrend but EMA signals bearish trend on a day chart. It simply suggests the short term trend reversal is there. The parity has also crossed key hurdle at 1.2850 mark, confirming bullish trend on a day chart. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2882 | S1 | 1.2780 |
| R2 | 1.2902 | S2 | 1.2735 |
| R3 | 1.2940 | S3 | 1.2690 |
| R4 | 1.3009 | S4 | 1.2630 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.28882 | Sell Below : 1.28313 | ||
| – Take Profit : 1.29325 | – Take Profit : 1.27953 | ||
| – Stop Loss : 1.28437 | – Stop Loss : 1.28706 | ||
USD / JPY
| Commentary : USD/JPY: The Japanese yen falls noticeably in Asian hours as Japan’s industrial production data misses expectations. The pair hovers around key resistance at 104.50 mark and sustained close above will check key resistances further. Alternatively, a daily close below 104.10 will check key supports. The RSI confirms the uptrend and EMA is about to give confirmation for the bullish trend after successful crossover above the trend lines. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 104.57 | S1 | 104.10 |
| R2 | 104.90 | S2 | 103.57 |
| R3 | 105.40 | S3 | 102.90 |
| R4 | 105.94 | S4 | 102.50 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 104.665 | Sell Below : 104.180 | ||
| – Take Profit : 104.865 | – Take Profit : 103.980 | ||
| – Stop Loss : 104.442 | – Stop Loss : 104.403 | ||
GOLD
| Commentary : XAU/USD (GOLD): Gold remained highly volatile in previous session and gave $30 volatility in a single day. Today pair trades flat and hovers around $1,845 mark. Key boundaries for the day will be $1,847 and $1,836 mark. A consistent close of either side on H1 will give further direction to the parity. Late in U.S. Session, U.S. key economic indicators will provide further directions 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 | 1,847 | 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 : 1846.90 | Sell Below : 1832.96 | ||
| – Take Profit : 1855.75 | – Take Profit : 1822.36 | ||
| – Stop Loss : 1836.59 | – Stop Loss : 1845.01 | ||
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