Commentary : The Aussie trades marginally lower as Australia released Flash Manufacturing and Services PMI data with flat numbers. The pair made intraday high at $0.7778 and low at $0.7753 mark. A day chart suggests bullish trend while H1 chart confirms bearish trend for the time being. A sustained close above $0.7790 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7740 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
0.7790
S1
0.7740
R2
0.7822
S2
0.7715
R3
0.7854
S3
0.7690
R4
0.7877
S4
0.7662
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7782
Sell Below : 0.7740
– Take Profit : 0.7812
– Take Profit : 0.7710
– Stop Loss : 0.7752
– Stop Loss : 0.7775
EUR / USD
Commentary : The euro rises gradually against U.S. dollar and stabilizes above $1.2200 mark. Today pair made intraday high at $1.2239 and low at $1.2220. Today triple EMA on a day and H1 chart suggests bullish trend for the time being. A consistent close above $1.2240 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2199 on H1 chart 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
1.2240
S1
1.2199
R2
1.2287
S2
1.2170
R3
1.2315
S3
1.2138
R4
1.2347
S4
1.2101
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2245
Sell Below : 1.2206
– Take Profit : 1.2275
– Take Profit : 1.2177
– Stop Loss : 1.2218
– Stop Loss : 1.2232
GBP / USD
Commentary : The trades almost flat on Friday and stabilizes around $1.42 mark. The pair made intraday high at $1.4199 and low at $1.4169 mark. A day chart as well as H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above $1.4211 on H1 chart will check key resistances. Alternatively, reversal from here will take the parity down below $1.4150 mark.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.4211
S1
1.4150
R2
1.4227
S2
1.4112
R3
1.4254
S3
1.4082
R4
1.4287
S4
1.4040
BUY
SELL
Buy Above : 1.4211
Sell Below : 1.4168
– Take Profit : 1.4240
– Take Profit : 1.4140
– Stop Loss : 0.64489
– Stop Loss : 1.4200
USD / CAD
Commentary : The Canadian dollar fails to find support below 1.2050 mark and enjoys roller coaster movement against U.S. dollar. Today pair made intraday high at 1.2086 and low at 1.2053 mark. Today a day chart as well as H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2090 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2050 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
1.2090
S1
1.2048
R2
1.2140
S2
1.2026
R3
1.2172
S3
1.2002
R4
1.2198
S4
1.1978
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.209
Sell Below : 1.2048
– Take Profit : 1.2122
– Take Profit : 1.2020
– Stop Loss : 1.2060
– Stop Loss : 1.2075
USD / JPY
Commentary : The Japanese yen rises sharply after robust National Core CPI results and remains well supported below 109.00 mark. The pair made intraday high at 108.89 and low at 108.73 mark. The triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A sustained close above 108.90 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.60 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
109.30
S1
108.58
R2
109.55
S2
108.40
R3
109.76
S3
108.15
R4
110.10
S4
107.87
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 108.90
Sell Below : 108.60
– Take Profit : 109.20
– Take Profit : 108.33
– Stop Loss : 108.72
– Stop Loss : 108.80
GOLD
Commentary : Gold trades marginally lower ahead of U.S.’s Flash PMI data and stabilizes above $1,870 mark. Today pair made intraday high at $1,878 and low $1,870 mark. A day chart and H1 chart is confirming up trend for the time being. A sustained close above $1,878 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,855 will check further supports.
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