AUD / USD
| Commentary : The Aussie trades almost flat on Monday as Australia’s most of the banks will remain close for the day. The pair made intraday high at $0.7710 and low at $0.7693 mark. A day chart is likely to give bearish trend confirmation while H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7718 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7680 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 | 0.7718 | S1 | 0.7680 |
| R2 | 0.7740 | S2 | 0.7650 |
| R3 | 0.7778 | S3 | 0.7622 |
| R4 | 0.7803 | S4 | 0.7590 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7722 | Sell Below : 0.7680 | ||
| – Take Profit : 0.7748 | – Take Profit : 0.7658 | ||
| – Stop Loss : 0.7690 | – Stop Loss : 0.7710 | ||
EUR / USD
| Commentary : The euro trades marginally lower on Monday and hovers around $1.2100 mark aheadof Euro’s Industrial Production results. Today pair made intraday high at $1.2112 and low at $1.2095. Today triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A consistent close above $1.2120 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2080 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 | 1.2120 | S1 | 1.2080 |
| R2 | 1.2150 | S2 | 1.2062 |
| R3 | 1.2176 | S3 | 1.2037 |
| R4 | 1.2205 | S4 | 1.2006 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2115 | Sell Below : 1.2080 | ||
| – Take Profit : 1.2140 | – Take Profit : 1.2057 | ||
| – Stop Loss : 1.2091 | – Stop Loss : 1.2115 | ||
GBP / USD
| Commentary : The Sterling exhibits range bound movement and consolidates around $1.4150 mark.The pair made intraday high at $1.4119 and low at $1.4098 mark. A day chart suggests up trend but H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1.4127 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4087 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 | 1.4127 | S1 | 1.4087 |
| R2 | 1.4156 | S2 | 1.4065 |
| R3 | 1.4190 | S3 | 1.4040 |
| R4 | 1.4224 | S4 | 1.4001 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.4127 | Sell Below : 1.4090 | ||
| – Take Profit : 1.4150 | – Take Profit : 1.4065 | ||
| – Stop Loss : 1.4100 | – Stop Loss : 1.4116 | ||
USD / CAD
| Commentary : The Canadian dollar remains almost unchanged in early Asia and stabilizes around $1.2150 mark. Today pair made intraday high at 1.2168 and low at 1.2148 mark. Today a day chart is bearish but H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above 1.2170 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2140 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 | 1.2170 | S1 | 1.2140 |
| R2 | 1.2199 | S2 | 1.2100 |
| R3 | 1.2226 | S3 | 1.2068 |
| R4 | 1.2247 | S4 | 1.2032 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2174 | Sell Below : 1.2140 | ||
| – Take Profit : 1.2203 | – Take Profit : 1.2111 | ||
| – Stop Loss : 1.2150 | – Stop Loss : 1.2172 | ||
USD / JPY
| Commentary : The Japanese yen starts a new week on a negative note ahead of BOJ’s Policy Rate Decision due on Friday. The pair made intraday high at 109.83 and low at 109.69 mark. The triple EMA on a day and H1 chart suggests bullish trend for the time being. A sustained close above 109.83 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 | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 109.94 | S1 | 109.57 |
| R2 | 110.32 | S2 | 109.20 |
| R3 | 110.54 | S3 | 108.76 |
| R4 | 110.76 | S4 | 108.38 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 109.85 | Sell Below : 109.52 | ||
| – Take Profit : 110.12 | – Take Profit : 109.21 | ||
| – Stop Loss : 109.60 | – Stop Loss : 109.80 | ||
GOLD
| Commentary : Gold spiked down sharply and touches $1,860 mark in Asian hours. It is the fresh 2 – week low on strong U.S. dollar indicators released last week. Today the pair made intraday high at $1,878 and low $1,850 mark. A day chart is up but H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $1,872 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,858 will check further supports. Later today, U.S. Calendar is empty. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1878 | S1 | 1858 |
| R2 | 1884 | S2 | 1852 |
| R3 | 1889 | S3 | 1847 |
| R4 | 1894 | S4 | 1841 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1868 | Sell Below : 1857 | ||
| – Take Profit : 1874 | – Take Profit : 1852 | ||
| – Stop Loss : 1860 | – Stop Loss : 1865 | ||
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