Commentary : The Aussie rises in early Asia after mixed economic data and stabilizes above $0.77 mark. The pair made intraday high at $0.7728 and low at $0.7700 mark. A day chart is bullish while H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $0.7740 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7702 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
0.7702
R2
0.7755
S2
0.7677
R3
0.7772
S3
0.7638
R4
0.7790
S4
0.7600
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7740
Sell Below : 0.7697
– Take Profit : 0.7772
– Take Profit : 0.7676
– Stop Loss : 0.7700
– Stop Loss : 0.7730
EUR / USD
Commentary : The euro trades almost flat on Monday as European calendar is light too. Today pair made intraday high at $1.2204 and low at $1.2184. Today triple EMA on a day chart is up but H1 chart suggests down trend for the time being. A consistent close above $1.2205 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2176 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
1.2205
S1
1.2176
R2
1.2228
S2
1.2150
R3
1.2262
S3
1.2132
R4
1.2290
S4
1.2100
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2210
Sell Below : 1.2176
– Take Profit : 1.2238
– Take Profit : 1.2148
– Stop Loss : 1.2182
– Stop Loss : 1.2200
GBP / USD
Commentary : The Sterling trades marginally higher on Monday and hovers around $1.42 mark against U.S. dollar. The pair made intraday high at $1.4200 and low at $1.4173 mark. A day chart as well as H1 chart with triple EMA suggest up trend for the time being. A sustained close above $1.4211 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4170 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
1.4211
S1
1.4170
R2
1.4230
S2
1.4138
R3
1.4267
S3
1.4115
R4
1.4296
S4
1.4090
BUY
SELL
Buy Above : 1.4211
Sell Below : 1.4170
– Take Profit : 1.4238
– Take Profit : 1.4137
– Stop Loss : 1.4176
– Stop Loss : 1.4206
USD / CAD
Commentary : The Canadian dollar moves in stiff boundaries and consolidates around 1.2090 mark. Today pair made intraday high at 1.2086 and low at 1.2065 mark. Today a day and H1 chart with Triple EMA confirms down trend for the time being. A sustained close above 1.2090 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2064 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
1.2064
R2
1.2140
S2
1.2042
R3
1.2172
S3
1.2015
R4
1..2204
S4
1.2000
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2092
Sell Below : 1.2058
– Take Profit : 1.2122
– Take Profit : 1.2032
– Stop Loss : 1.2064
– Stop Loss : 1.2085
USD / JPY
Commentary : The Japanese yen strengthens in early Asia despite lower than expected Industrial production and retail sales data. The pair made intraday high at 109.93 and low at 109.63 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. Current downside movement is likely to be short term trend correction only. A sustained close above 109.92 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.47 on H1 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
110.02
S1
109.47
R2
110.24
S2
109.15
R3
110.55
S3
108.82
R4
110.78
S4
108.60
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 109.92
Sell Below : 109.55
– Take Profit : 110.20
– Take Profit : 109.22
– Stop Loss : 109.62
– Stop Loss : 109.87
GOLD
Commentary : Gold starts a new week on a positive note and touches $1,910 mark in opening hours. Today pair made intraday high at $1,910 and low $1,902 mark. A day chart and H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above $1,910 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,898 will check further supports.
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