Commentary : The Aussie erases previous gain against U.S. dollar and parity slips back below $0.7750 mark. Even Australia’s robust economic data released in early Asian hours fails to bring support to the AUD parity. The pair made intraday high at $0.7744 and low at $0.7723 mark. A day chart is bullish while H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $0.7750 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7720 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
0.7750
S1
0.7720
R2
0.7772
S2
0.7690
R3
0.7790
S3
0.7662
R4
0.7837
S4
0.7637
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7750
Sell Below : 0.7720
– Take Profit : 0.7772
– Take Profit : 0.7697
– Stop Loss : 0.7728
– Stop Loss : 0.7746
EUR / USD
Commentary : The euro depreciated sharply in previous session and slips back below $1.2200 mark. The parity fails to break key resistance at $1.2262 mark. Today pair made intraday high at $1.2196 and low at $1.2175. Today triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A consistent close above $1.2205 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2164 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
1.2205
S1
1.2164
R2
1.2228
S2
1.2132
R3
1.2262
S3
1.2100
R4
1.2290
S4
1.2072
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2205
Sell Below : 1.2165
– Take Profit : 1.2232
– Take Profit : 1.2138
– Stop Loss : 1.2175
– Stop Loss : 1.2195
GBP / USD
Commentary : The Sterling trades almost flat on Thursday and stabilizes above key support at $1.4090 mark. The pair made intraday high at $1.4125 and low at $1.4090 mark. A day chart is up but H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1.4132 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4090 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
1.4132
S1
1.4090
R2
1.4158
S2
1.4064
R3
1.4180
S3
1.4040
R4
1.4211
S4
1.4001
BUY
SELL
Buy Above : 1.4132
Sell Below : 1.4090
– Take Profit : 1.4157
– Take Profit : 1.4057
– Stop Loss : 1.4100
– Stop Loss : 1.4124
USD / CAD
Commentary : The Canadian dollar depreciates on Thursday and jumps back above 1.2100 mark. Today pair made intraday high at 1.2142 and low at 1.2113 mark. Today a day chart is bearish but H1 chart with Triple EMA confirms up trend for the time being. A sustained close above 1.2140 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
1.2140
S1
1.2100
R2
1.2172
S2
1.2073
R3
1.2204
S3
1.2042
R4
1.2241
S4
1.2015
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2140
Sell Below : 1.2101
– Take Profit : 1.2165
– Take Profit : 1.2072
– Stop Loss : 1.2110
– Stop Loss : 1.2128
USD / JPY
Commentary : The Japanese yen trades marginally higher on Thursday and hovers around 109.00 mark. The pair made intraday high at 109.20 and low at 109.04 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 109.30 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.58 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
110.02
S4
107.87
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 109.30
Sell Below : 108.88
– Take Profit : 109.57
– Take Profit : 108.57
– Stop Loss : 108.93
– Stop Loss : 109.20
GOLD
Commentary : Gold remained volatile in previous session and moved in between $1,912 to $1,890 mark. Today pair made intraday high at $1,899 and low $1,892 mark. A day chart and H1 chart with triple EMA confirm the bullish trend for the time being. A sustained close above $1,902 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,892 will check further supports.
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