Commentary : The Aussie rises gradually against U.S. dollar and remains well supported above $0.77 mark. A day and H1 chart suggest bullish trend in short run. A sustained close above $0.7744 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7698 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
0.7744
S1
0.7674
R2
0.7782
S2
0.7625
R3
0.7806
S3
0.7599
R4
0.7822
S4
0.7563
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.77504
Sell Below : 0.77085
– Take Profit : 0.77795
– Take Profit : 0.76792
– Stop Loss : 0.77196
– Stop Loss : 0.77399
EUR / USD
Commentary : The euro trades almost flat on Thursday ahead of ECB’s interest rate decision. Today triple EMA on a day confirms the bearish trend but H1 chart signals up trend in short run. A consistent close above $1.1935 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1875 on H1 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
1.1935
S1
1.1875
R2
1.1974
S2
1.1838
R3
1.2001
S3
1.1802
R4
1.2044
S4
1.1777
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.19502
Sell Below : 1.18978
– Take Profit : 1.19826
– Take Profit : 1.18673
– Stop Loss : 1.19149
– Stop Loss : 1.19302
GBP / USD
Commentary : The pound appreciates noticeably against U.S. dollar and stabilizes above $1.3900 mark. The pair made intraday high at $1.3940 and low at $1.3913 mark. Triple EMA on a day and H1 chart suggests up trend for the time being. A sustained close above $1.3952 on H1 chart requires for the upside rally. On the other hand, consistent close below $1.3887 on H1 will test further supports too.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.3952
S1
1.3887
R2
1.3998
S2
1.3816
R3
1.4032
S3
1.3750
R4
1.4061
S4
1.3702
BUY
SELL
Buy Above : 1.39521
Sell Below : 1.39007
– Take Profit : 1.39860
– Take Profit : 1.38647
– Stop Loss : 1.39190
– Stop Loss : 1.39367
USD / CAD
Commentary : The Canadian dollar appreciated sharply as BOC kept interest rate unchanged and showed some optimism on economy recovery. A day and H1 chart with triple EMA confirms the bearish trend for the time being. A sustained close above 1.2632 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2610 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
1.2632
S1
1.2610
R2
1.2693
S2
1.2583
R3
1.2740
S3
1.2555
R4
1.2776
S4
1.2521
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.26380
Sell Below : 1.25882
– Take Profit : 1.26617
– Take Profit : 1.25586
– Stop Loss : 1.26007
– Stop Loss : 1.26229
USD / JPY
Commentary : The Japanese yen trades marginally lower on Thursday and remains well supported above 108.30 mark. The pair made intraday high at 108.58 and low at 108.34 mark. The triple EMA on a day chart suggests the bullish trend while H1 signals slightly downside trend for the time being. A sustained close above 108.62 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.36 on H1 will check key supports.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
108.87
S1
108.36
R2
109.20
S2
107.86
R3
109.56
S3
107.58
R4
109.82
S4
106.90
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 108.784
Sell Below : 108.250
– Take Profit : 109.094
– Take Profit : 107.964
– Stop Loss : 108.445
– Stop Loss : 108.586
GOLD
Commentary : The gold rose sharply in previous session as U.S. released Core CPI data with negative numbers while CPI data with flat numbers. Today pair made intraday high at $1,735 and low at $1,723 mark. A sustained close above $1,738 on a day chart requires for the upside rally. Alternatively, reversal from here will drag the parity down below $1,708 mark. Today’s U.S. is again empty and therefore high volatility is expected during the U.S. session. A day chart with triple EMA confirms the bearish trend while H1 chart gives bullish trend confirmation In short run.
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