Commentary : The Aussie depreciated in previous session as China released GDP data with negative numbers. The pair made intraday high at $0.7438 and low at $0.7414 mark. A day chart and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $0.7450 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7410 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
0.7450
S1
0.7401
R2
0.7470
S2
0.7372
R3
0.7490
S3
0.7348
R4
0.7510
S4
0.7321
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7450
Sell Below : 0.7402
– Take Profit : 0.7478
– Take Profit : 0.7363
– Stop Loss : 0.7420
– Stop Loss : 0.7433
EUR / USD
Commentary : The Euro falls gradually against U.S. dollar ahead of Euro’s Inflation data due at 0900 GMT. Today pair made intraday high at $1.1817 and low at $1.1802. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1825 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1802 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
1.1850
S1
1.1802
R2
1.1878
S2
1.1770
R3
1.1899
S3
1.1754
R4
1.1927
S4
1.1737
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.1825
Sell Below : 1.1791
– Take Profit : 1.1848
– Take Profit : 1.1761
– Stop Loss : 1.1799
– Stop Loss : 1.1811
GBP / USD
Commentary : The Sterling remained highly volatile in previous session after U.K.’s robust job results and comments from MPC member Saunders on U.K.’s economic recovery but pair managed to remain well supported above $1.3800 mark. Today pair made intraday high at $1.3835 and low at $1.3820 mark. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1.3872 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3801 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
1.3872
S1
1.3801
R2
1.3898
S2
1.3780
R3
1.3920
S3
1.3765
R4
1.3947
S4
1.3738
BUY
SELL
Buy Above : 1.3850
Sell Below : 1.3800
– Take Profit : 1.3876
– Take Profit : 1.3770
– Stop Loss : 1.3815
– Stop Loss : 1.3836
USD / CAD
Commentary : The Canadian dollar depreciated sharply in previous session and jumped back above 1.26 mark. Yesterday CAD released ADP Job Results with flat numbers. Today pair made intraday high at 1.2600 and low at 1.2577 mark. Today a day chart and H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above 1.2610 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2555 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
1.2622
S1
1.2555
R2
1.2648
S2
1.2520
R3
1.2672
S3
1.2500
R4
1.2697
S4
1.2478
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2602
Sell Below : 1.2561
– Take Profit : 1.2632
– Take Profit : 1.2531
– Stop Loss : 1.2565
– Stop Loss : 1.2600
USD / JPY
Commentary : The Japanese yen appreciates slightly in Asian hours as BOJ kept interest rate unchanged at -0.10 pct. The pair made intraday high at 110.07 and low at 109.73 mark. The triple EMA on a day chart is up while H1 chart suggests down trend for the time being. A sustained close above 110.22 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.70 on H1 will check further key supports.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
110.22
S1
109.70
R2
110.50
S2
109.52
R3
110.70
S3
109.18
R4
110.94
S4
108.85
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 110.10
Sell Below : 109.72
– Take Profit : 110.32
– Take Profit : 109.48
– Stop Loss : 109.76
– Stop Loss : 110.00
GOLD
Commentary : Gold enjoyed roller coaster movement in previous session and touched $1,834 mark as U.S. released all the key economic results with negative numbers. Today pair made intraday high at $1,832 and low $1,825 mark. A day chart is bearish but H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,832 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,820 will check further supports. U.S. economic calendar is empty for the day.
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