Commentary: The Aussie trades marginally lower as Australia released retail sales data with negative numbers. The pair made intraday high at $0.7862 and low at $0.7837 mark. A day chart and H1 chart confirm Bullish Trend for the time being. A sustained close above $0.7862 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7818 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
0.7862
S1
0.7837
R2
0.7900
S2
0.7818
R3
0.7927
S3
0.7787
R4
0.7958
S4
0.7764
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7862
Sell Below : 0.7818
– Take Profit : 0.7891
– Take Profit : 0.7790
– Stop Loss : 0.7830
– Stop Loss : 0.7855
EUR / USD
Commentary: The euro depreciates slightly on Monday and hovers around $1.2150 mark. Today pair made intraday high at $1.2176 and low at $1.2150. Today triple EMA on a day and H1 chart is confirming Up Trend. A consistent close above $1.2170 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2120 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
1.2176
S1
1.2150
R2
1.2206
S2
1.2120
R3
1.2248
S3
1.2098
R4
1.2282
S4
1.2068
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2176
Sell Below : 1.2115
– Take Profit : 1.2202
– Take Profit : 1.2086
– Stop Loss : 1.2138
– Stop Loss : 1.2150
GBP / USD
Commentary: The pound strengthens sharply ahead of HPI data and hits highest level since Feb 25, 2021. The pair made intraday high at $1.4049 and low at $1.3992 mark. Today a day chart and H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above $1.4061 requires for the upside rally. Alternatively, a consistent close below $1.3985 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
1.4061
S1
1.3985
R2
1.4061
S2
1.3940
R3
1.4117
S3
1.3910
R4
1.4154
S4
1.3882
BUY
SELL
Buy Above : 1.4061
Sell Below : 1.4001
– Take Profit : 1.4094
– Take Profit : 1.3960
– Stop Loss : 1.4022
– Stop Loss : 1.4045
USD / CAD
Commentary : The Canadian dollar rises sharply against U.S. dollar and touches 1.2110 mark in early Asia. The pair hits lowest level since Sept 2017. Today pair made intraday high at 1.2130 and low at 1.2110 mark. A day chart and H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2152 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2100 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
1.2152
S1
1.2104
R2
1.2193
S2
1.2074
R3
1.2218
S3
1.2038
R4
1.2247
S4
1.2002
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2152
Sell Below : 1.2105
– Take Profit : 1.2186
– Take Profit : 1.2065
– Stop Loss : 1.2109
– Stop Loss : 1.2130
USD / JPY
Commentary: The Japanese yen erases previous gain against U.S. dollar and hovers around 109.00 mark. The pair made intraday high at 108.91 and low at 108.46 mark. The triple EMA on a day chart is bullish while H1 chart confirms bearish trend for the time being. A sustained close above 109.05 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.52 on H1 will check further key supports.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
109.05
S1
108.52
R2
109.42
S2
108.33
R3
109.65
S3
108.00
R4
109.82
S4
107.68
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 109.05
Sell Below : 108.52
– Take Profit : 109.32
– Take Profit : 108.27
– Stop Loss : 108.75
– Stop Loss : 108.86
GOLD
Commentary : Gold soars and remains well supported above $1,830 mark. The sudden upside movement came on last Friday as U.S. released NFP job results with negative numbers. Today pair made intraday high at $1,839 and low $1,830 mark. It is the highest level since Feb 11, 2021. A day chart as well as H1 chart is confirming bullish trend for the time being. A sustained close above $1,838 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,828 will check further supports. The U.S. calendar is empty for the day and might bring high volatility during the U.S. session.
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