Commentary : The Aussie trades flat in early Asia and hovers around $0.7575 mark. Australian calendar is empty for the day. The pair made intraday high at $0.7579 and low at $0.7567 mark. A day chart is bearish while H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7598 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7570 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
0.7598
S1
0.7570
R2
0.7612
S2
0.7550
R3
0.7632
S3
0.7522
R4
0.7657
S4
0.7502
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7585
Sell Below : 0.7550
– Take Profit : 0.7611
– Take Profit : 0.7523
– Stop Loss : 0.7560
– Stop Loss : 0.7592
EUR / USD
Commentary : The euro trades slightly lower in early Asia but remains well supported above $1.1900 mark. Today pair made intraday high at $1.1943 and low at $1.1920. Today triple EMA on a day chart is bearish but H1 chart suggests slightly up trend for the time being. A consistent close above $1.1940 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1900 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
1.1940
S1
1.1900
R2
1.1976
S2
1.1880
R3
1.2005
S3
1.1847
R4
1.2032
S4
1.1812
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.1940
Sell Below : 1.1901
– Take Profit : 1.1968
– Take Profit : 1.1874
– Stop Loss : 1.1910
– Stop Loss : 1.1930
GBP / USD
Commentary : The Sterling exhibits range bound movement ahead of BOE’s Interest Rate Decision. The pair made intraday high at $1.3956 and low at $1.3923 mark. A day chart is bearish while H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.3976 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3927 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
1.3976
S1
1.3927
R2
1.4001
S2
1.3900
R3
1.4040
S3
1.3875
R4
1.4072
S4
1.3837
BUY
SELL
Buy Above : 1.3985
Sell Below : 1.3942
– Take Profit : 1.4010
– Take Profit : 1.3908
– Stop Loss : 1.3950
– Stop Loss : 1.3962
USD / CAD
Commentary : The Canadian dollar moves in rigid boundaries and consolidates around 1.23 mark. Today pair made intraday high at 1.2313 and low at 1.2300 mark. Today a day chart turns bullish while H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2325 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2258 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
1.2325
S1
1.2300
R2
1.2347
S2
1.2276
R3
1.2365
S3
1.2258
R4
1.2390
S4
1.2240
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2320
Sell Below : 1.2281
– Take Profit : 1.2350
– Take Profit : 1.2257
– Stop Loss : 1.2295
– Stop Loss : 1.2311
USD / JPY
Commentary : The Japanese yen trades marginally lower despite robust SPPI results and stabilizes around 110.00 mark. The pair made intraday high at 111.11 and low at 110.94 mark. The triple EMA on a day chart and H1 chart suggests bullish trend for the time being. A sustained close above 111.21 on H1 chart requires for the upside rally. Alternatively, a consistent close below 110.76 on H1 will check further key supports.
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.