Commentary : The Aussie exhibits range bound movement on Monday and consolidates around $0.7722 mark. The pair made intraday high at $0.7736 and low at $0.7713 mark. A day chart suggests bullish trend while H1 chart confirms down trend for the time being. A sustained close above $0.7740 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7720 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
0.7740
S1
0.7720
R2
0.7772
S2
0.7690
R3
0.7790
S3
0.7662
R4
0.7837
S4
0.7640
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7740
Sell Below : 0.7715
– Take Profit : 0.7772
– Take Profit : 0.7690
– Stop Loss : 0.7720
– Stop Loss : 0.7737
EUR / USD
Commentary : The euro remains almost unchanged against U.S. dollar and moves in stiff boundaries. Today pair made intraday high at $1.2187 and low at $1.2171. Today triple EMA on a day chart is up while H1 chart suggests bearish trend for the time being. A consistent close above $1.2198 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2170 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
1.2198
S1
1.2170
R2
1.2240
S2
1.2138
R3
1.2287
S3
1.2101
R4
1.2315
S4
1.2080
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2198
Sell Below : 1.2158
– Take Profit : 1.2242
– Take Profit : 1.2133
– Stop Loss : 1.2162
– Stop Loss : 1.2191
GBP / USD
Commentary : The Sterling trades marginally higher against U.S. dollar and hovers around $1.4150 mark. The pair made intraday high at $1.4157 and low at $1.4136 mark. A day chart as well as H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above $1.4170 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4140 will drag the parity down below $1.4100 mark.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.4170
S1
1.4140
R2
1.4188
S2
1.4112
R3
1.4211
S3
1.4082
R4
1.4254
S4
1.4040
BUY
SELL
Buy Above : .1.4172
Sell Below : 1.4132
– Take Profit : 1.4202
– Take Profit : 1.4100
– Stop Loss : 1.4137
– Stop Loss : 1.4163
USD / CAD
Commentary : The Canadian dollar rises gradually against U.S. dollar and remains well supported below 1.21 mark. Today pair made intraday high at 1.2077 and low at 1.2054 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 1.2057 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 : 1.2082
Sell Below : 1.2050
– Take Profit : 1.2111
– Take Profit : 1.2022
– Stop Loss : 1.2058
– Stop Loss : 1.2076
USD / JPY
Commentary : The Japanese yen starts a new week on a flat note and stabilizes below 109.00 mark. The pair made intraday high at 108.99 and low at 108.82 mark. The triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A sustained close above 108.99 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.75 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
108.99
S1
108.58
R2
109.30
S2
108.40
R3
109.55
S3
108.15
R4
109.76
S4
107.87
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 109.00
Sell Below : 108.71
– Take Profit : 109.22
– Take Profit : 108.49
– Stop Loss : 108.82
– Stop Loss : 108.91
GOLD
Commentary : Gold starts a new week on a positive note but important to note here that U.S. calendar is empty for the day. Today pair made intraday high at $1,887 and low $1,879 mark. A day chart and H1 chart is confirming up trend for the time being. A sustained close above $1,889 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,878 will check further supports.
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