AUD / USD
| Commentary : The Aussie trades marginally higher on Thursday and remains well supported above $0.7720 mark. The pair made intraday high at $0.7736 and low at $0.7722 mark. A day chart is slightly bullish but likely to give crossover while H1 chart with triple EMA has confirmed the bearish trend for the time being. A sustained close above $0.7740 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7720 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 | 0.7740 | S1 | 0.7720 |
| R2 | 0.7772 | S2 | 0.7702 |
| R3 | 0.7799 | S3 | 0.7680 |
| R4 | 0.7827 | S4 | 0.7650 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7741 | Sell Below : 0.7721 | ||
| – Take Profit : 0.7767 | – Take Profit : 0.7699 | ||
| – Stop Loss : 0.7726 | – Stop Loss : 0.7742 | ||
EUR / USD
| Commentary : The euro trades slightly lower ahead of ECB’s Interest Rate Decision. Today pair made intraday high at $1.2180 and low at $1.2166. Today triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A consistent close above $1.2180 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2158 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 | 1.2180 | S1 | 1.2158 |
| R2 | 1.2199 | S2 | 1.2122 |
| R3 | 1.2224 | S3 | 1.2100 |
| R4 | 1.2248 | S4 | 1.2080 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2182 | Sell Below : 1.2152 | ||
| – Take Profit : 1.2204 | – Take Profit : 1.2121 | ||
| – Stop Loss : 1.2162 | – Stop Loss : 1.2177 | ||
GBP / USD
| Commentary : The Sterling falls noticeably on Thursday and hovers around $1.4100 mark. The pair made intraday high at $1.4124 and low at $1.4106 mark. A day chart is up but H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1.4140 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4087 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 | 1.4140 | S1 | 1.4087 |
| R2 | 1.4163 | S2 | 1.4065 |
| R3 | 1.4190 | S3 | 1.4038 |
| R4 | 1.4224 | S4 | 1.4010 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.4142 | Sell Below : 1.4097 | ||
| – Take Profit : 1.4175 | – Take Profit : 1.4070 | ||
| – Stop Loss : 1.4121 | – Stop Loss : 1.4130 | ||
USD / CAD
| Commentary : The Canadian dollar remained highly volatile in previous session after BOC’s Cash Rate Decision. There was not any surprise in Policy Statement as expected by the traders and took it as dovish stance. Today pair made intraday high at 1.2123 and low at 1.2104 mark. Today a day chart is bearish while H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above 1.2121 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2062 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 | 1.2121 | S1 | 1.2090 |
| R2 | 1.2148 | S2 | 1.2061 |
| R3 | 1.2176 | S3 | 1.2038 |
| R4 | 1.2222 | S4 | 1.2000 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2122 | Sell Below : 1.2095 | ||
| – Take Profit : 1.2149 | – Take Profit : 1.2068 | ||
| – Stop Loss : 1.2100 | – Stop Loss : 1.2119 | ||
USD / JPY
| Commentary : The Japanese yen remains almost unchanged despite higher than expected PPI data. The pair made intraday high at 109.67 and low at 109.51 mark. The triple EMA on a day chart and H1 chart suggests bullish trend for the time being. A sustained close above 109.70 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.40 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 | 109.70 | S1 | 109.40 |
| R2 | 109.94 | S2 | 109.00 |
| R3 | 110.32 | S3 | 108.76 |
| R4 | 110.78 | S4 | 108.38 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 109.68 | Sell Below : 109.32 | ||
| – Take Profit : 109.91 | – Take Profit : 109.04 | ||
| – Stop Loss : 109.38 | – Stop Loss : 109.57 | ||
GOLD
| Commentary : Gold weakened in previous session in the absence of key economic indicators from the U.S. Today gold trades in narrow range ahead of U.S.’s CPI and Core CPI data. High volatility above $15 is expected during the data release. Today the pair made intraday high at $1,889 and low $1,884 mark. A day chart is up while H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $1,892 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,882 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 | 1892 | S1 | 1882 |
| R2 | 1897 | S2 | 1876 |
| R3 | 1897 | S3 | 1872 |
| R4 | 1907 | S4 | 1864 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1890 | Sell Below : 1881 | ||
| – Take Profit : 1896 | – Take Profit : 1875 | ||
| – Stop Loss : 1883 | – Stop Loss : 1889 | ||
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