Commentary : The Aussie weakness sharply in early Asia and hits lowest level since Dec 2020. The pair made intraday high at $0.7439 and low at $0.7409 mark. A day chart as well as H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7440 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7390 will check further supports.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
0.7440
S1
0.7390
R2
0.7470
S2
0.7372
R3
0.7490
S3
0.7340
R4
0.7510
S4
0.7315
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7440
Sell Below : 0.7401
– Take Profit : 0.7464
– Take Profit : 0.7373
– Stop Loss : 0.7412
– Stop Loss : 0.7434
EUR / USD
Commentary : The euro enjoys roller coaster movement and stabilizes back above $1.1800 mark. Today pair made intraday high at $1.1850 and low at $1.1834. Today triple EMA on a day chart is bearish but H1 chart suggest up trend for the time being. A consistent close above $1.1858 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1785 on H1 chart will check further supports.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.1858
S1
1.1785
R2
1.1876
S2
1.1760
R3
1.1890
S3
1.1740
R4
1.1920
S4
1.1710
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.1850
Sell Below : 1.1821
– Take Profit : 1.1878
– Take Profit : 1.1793
– Stop Loss : 1.1826
– Stop Loss : 1.1840
GBP / USD
Commentary : The Sterling trades flat on Friday ahead of GDP and manufacturing production results. In addition, BOE Gov Bailey’s speech is in focus. The pair made intraday high at $1.3794 and low at $1.3766 mark. A day chart and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1.3790 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3760 will check further supports.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.3790
S1
1.3752
R2
1.3810
S2
1.3732
R3
13837
S3
1.3705
R4
1.3855
S4
1.3680
BUY
SELL
Buy Above : 1.3795
Sell Below : 1.3755
– Take Profit : 1.3821
– Take Profit : 1.3722
– Stop Loss : 1.3762
– Stop Loss : 1.3785
USD / CAD
Commentary : he Canadian dollar starts a new day on a lower note and hovers around 1.2550 mark ahead of Canada’s Employment change data. Today pair made intraday high at 1.2556 and low at 1.2521 mark. Today a day chart and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2565 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2518 on H1 chart will check 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
1.2565
S1
1.2510
R2
1.2578
S2
1.2480
R3
1.2597
S3
1.2455
R4
1.2628
S4
1.2432
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2556
Sell Below : 1.2509
– Take Profit : 1.2580
– Take Profit : 1.2479
– Stop Loss : 1.2525
– Stop Loss : 1.2541
USD / JPY
Commentary : The Japanese yen trades in narrow range on Friday and slips below 110.00 mark. The pair made intraday high at 109.92 and low at 109.65 mark. The triple EMA on a day chart is up while H1 chart suggests down trend for the time being. A sustained close above 110.20 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.57 on H1 will check further key supports.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
110.20
S1
109.52
R2
110.52
S2
109.18
R3
110.76
S3
109.00
R4
110.94
S4
108.78
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 109.97
Sell Below : 109.51
– Take Profit : 110.22
– Take Profit : 109.21
– Stop Loss : 109.62
– Stop Loss : 109.81
GOLD
Commentary : Gold remains slightly positive on Friday and consolidates around $1,802 mark. Today pair made intraday high at $1,807 and low $1,799 mark. A day chart is bearish but H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above $1,806 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,794 will check further supports. U.S. economic calendar is empty for the day.
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