Commentary : The Aussie rises gradually against U.S. dollar and hovers around key resistance at $0.7598 mark. The pair made intraday high at $0.7594 and low at $0.7579 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 $0.7569 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 : 07599
Sell Below : 0.7568
– Take Profit : 0.7630
– Take Profit : 0.7541
– Stop Loss : 0.7570
– Stop Loss : 0.7594
EUR / USD
Commentary :
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.1970
S1
1.1919
R2
1.2005
S2
1.1900
R3
1.2032
S3
1.1880
R4
1.2065
S4
1.1847
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.1950
Sell Below : 1.1922
– Take Profit : 1.1978
– Take Profit : 1.1893
– Stop Loss : 1.1915
– Stop Loss : 1.1958
GBP / USD
Commentary : The Sterling weakens in previous session after dovish BOE’s Monetary Policy Meet. The pair made intraday high at $1.3934 and low at $1.3912 mark. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1.3950 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3910 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
1.3950
S1
1.3910
R2
1.3976
S2
1.3875
R3
1.4001
S3
13837
R4
1.4040
S4
1.3802
BUY
SELL
Buy Above : 1.3940
Sell Below : 1.3902
– Take Profit : 1.3972
– Take Profit : 1.3866
– Stop Loss : 1.3908
– Stop Loss : 1.3931
USD / CAD
Commentary : The Canadian dollar remains almost unchanged on Friday and stabilizes above 1.23 mark. Today pair made intraday high at 1.2329 and low at 1.2312 mark. Today a day chart is bullish while H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2340 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2305 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
1.2340
S1
1.2300
R2
1.2365
S2
1.2276
R3
1.2390
S3
1.2258
R4
1.2412
S4
1.2240
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2340
Sell Below : 1.2300
– Take Profit : 1.2368
– Take Profit : 1.2265
– Stop Loss : 1.2309
– Stop Loss : 1.2332
USD / JPY
Commentary : The Japanese yen remains slightly volatile in early Asia after Tokyo CPI and Core CPI results. The pair made intraday high at 110.98 and low at 110.81 mark. The triple EMA on a day chart and H1 chart suggests bullish trend for the time being. A sustained close above 111.03 on H1 chart requires for the upside rally. Alternatively, a consistent close below 110.72 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
111.21
S1
110.72
R2
111.36
S2
110.40
R3
111.64
S3
110.22
R4
111.91
S4
110.00
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 111.05
Sell Below : 110.65
– Take Profit : 111.32
– Take Profit : 110.38
– Stop Loss : 110.67
– Stop Loss : 111.01
GOLD
Commentary : Gold depreciated sharply in previous session despite lower than expected Durable goods orders data, unemployment claims weekly data and Final GDP q/q data. Today pair made intraday high at $1,779 and low $1,773 mark. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1,784 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,772 will check further 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.