Commentary : The Aussie continues to trade lower against U.S. dollar as Australia released Retail Sales data with lower than expected number and hovers around $0.7300 mark. It made intraday high at $0.7340 and low at $0.7302 mark. Aday chart and H1 chart with triple EMAsuggests bearish trend for the time being. A sustained close above $0.7340 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7290 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
0.7340
S1
0.7300
R2
0.7370
S2
0.7271
R3
0.7399
S3
0.7255
R4
0.7420
S4
0.7221
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7340
Sell Below : 0.7289
– Take Profit : 0.7370
– Take Profit : 0.7258
– Stop Loss : 0.7300
– Stop Loss : 0.7322
EUR / USD
Commentary : The Euro weakens noticeably against U.S. dollar and stabilizes below $1.1800 mark. Today pair made intraday high at $1.1783 and low at $1.1770. Today triple EMAon a day chart and H1 chart suggest bearish trend for the time being. Aconsistent close above $1.1790 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1754 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
1.1790
S1
1.1754
R2
1.1840
S2
1.1737
R3
1.1876
S3
1.1700
R4
1.1902
S4
1.1680
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.1790
Sell Below : 1.1762
– Take Profit : 1.1815
– Take Profit : 1.1738
– Stop Loss : 1.1768
– Stop Loss : 1.1790
GBP / USD
Commentary : The Sterling sinks sharply in previous session and touched $1.3571 mark. Today pair made intraday high at $1.3642 and low at $1.3606 mark. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. Asustained close above $1.3640 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3585 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
1.3640
S1
1.3585
R2
1.3672
S2
1.3565
R3
1.3704
S3
1.3520
R4
1.3738
S4
1.3490
BUY
SELL
Buy Above : 1.3650
Sell Below : 1.3602
– Take Profit : 1.3682
– Take Profit : 1.3572
– Stop Loss : 1.3621
– Stop Loss : 1.3621
USD / CAD
Commentary : The Canadian dollar enjoys roller coaster movement and stabilizes around 1.2700 mark. Today pair made intraday high at 1.2712 and low at 1.2672 mark. Today a day chart is up but H1 chart with triple EMAsuggests bearish trend for the time being. Asustained close above 1.2737 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2672 on H1 chart will check 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
1.2737
S1
1.2672
R2
1.2760
S2
1.2640
R3
1.2784
S3
1.2610
R4
1.2836
S4
1.2580
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2730
Sell Below : 1.2670
– Take Profit : 1.2760
– Take Profit : 1.2638
– Stop Loss : 1.2697
– Stop Loss : 1.2702
USD / JPY
Commentary : The Japanese yen trades marginally lower as trade balance data misses expectations. The pair made intraday high at 109.98 and low at 109.78 mark. The triple EMAon a day chart and H1 chart suggests bullish trend for the time being. A sustained close above 110.00 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
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
110.04
S1
109.70
R2
110.22
S2
109.42
R3
110.50
S3
109.10
R4
110.76
S4
108.78
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 110.04
Sell Below : 109.70
– Take Profit : 110.32
– Take Profit : 109.48
– Stop Loss : 109.76
– Stop Loss : 109.96
GOLD
Commentary : Gold weakens sharply in previous session but remained well supported above $1,800 mark. Today pair made intraday high at $1,811 and low $1,805 mark. Aday chart and H1 chart with triple EMAsuggests bearish trend for the time being. Asustained close above $1,812 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,800 will check further supports.
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