Commentary : The Aussie remains slightly volatile after AIG Services Index data released with flat numbers. The pair made intraday high at $0.7748 and low at $0.7730 mark. A day chart may give successful crossover for the bearish trend confirmation while H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $0.7772 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7715 will check further supports.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
0.7772
S1
0.7715
R2
0.7790
S2
0.7680
R3
0.7826
S3
0.7650
R4
0.7854
S4
0.7618
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7755
Sell Below : 0.7715
– Take Profit : 0.7785
– Take Profit : 0.7682
– Stop Loss : 0.7728
– Stop Loss : 0.7752
EUR / USD
Commentary : The euro stars a new week on a positive note and stabilizes above $1.2150 mark. Today pair made intraday high at $1.2172 and low at $1.2160. Today triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A consistent close above $1.2190 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2150 on H1 chart will check further supports.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2190
S1
1.2150
R2
1.2222
S2
1.2122
R3
1.2248
S3
1.2080
R4
1.2272
S4
1.2062
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2190
Sell Below : 1.2152
– Take Profit : 1.2220
– Take Profit : 1.2120
– Stop Loss : 1.2162
– Stop Loss : 1.2181
GBP / USD
Commentary :
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.4172
S1
1.4122
R2
1.4190
S2
1.4078
R3
1.4224
S3
1.4040
R4
1.4248
S4
1.4010
BUY
SELL
Buy Above : 1.4170
Sell Below : 1.4128
– Take Profit : 1.4199
– Take Profit : 1.4098
– Stop Loss : 1.4139
– Stop Loss : 1.4167
USD / CAD
Commentary : The Canadian dollar moves in rigid boundaries and hovers around 1.2080 mark. Today pair made intraday high at 1.2094 and low at 1.2069 mark. Today a day chart is bearish and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2105 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2040 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
1.2105
S1
1.2040
R2
1.2132
S2
1.2015
R3
1.2148
S3
1.2000
R4
1.2176
S4
1.1978
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2096
Sell Below : 1.2061
– Take Profit : 1.2125
– Take Profit : 1.2026
– Stop Loss : 1.2073
– Stop Loss : 1.2100
USD / JPY
Commentary : The Japanese yen trades slightly higher on Monday and slips back below 110.00 mark. The pair made intraday high at 109.63 and low at 109.40 mark. The triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A sustained close above 109.85 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.42 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
109.85
S1
109.42
R2
110.32
S2
109.15
R3
110.78
S3
108.76
R4
110.99
S4
108.32
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 109.85
Sell Below : 109.38
– Take Profit : 110.22
– Take Profit : 109.05
– Stop Loss : 109.50
– Stop Loss : 109.76
GOLD
Commentary : Gold falls gradually on Monday and stabilizes below $1,890 mark. Today pair made intraday high at $1,891 and low $1,884 mark. A day chart and H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1,894 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,877 will check further supports. Today the U.S. Calendar is empty and thus range bound volatility is expected in gold.
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia.