Commentary : The Aussie trades flat on Monday in the absence of key economic indicators from Australia. Today pair made intraday high at $0.7241 and low at $0.7227 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.7250 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7220 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
0.7250
S1
0.7220
R2
0.7276
S2
0.7200
R3
0.7299
S3
0.7176
R4
0.7324
S4
0.7140
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7250
Sell Below : 0.7222
– Take Profit : 0.7282
– Take Profit : 0.7191
– Stop Loss : 0.7226
– Stop Loss : 0.7242
EUR / USD
Commentary : The Euro falls noticeably on Monday and remains well supported below $1.13 mark. Today pair made intraday high at $1.1290 and low at $1.1264. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1290 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1257 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
1.1290
S1
1.1257
R2
1.1315
S2
1.1221
R3
1.1340
S3
1.1200
R4
1.1378
S4
1.1172
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.1291
Sell Below : 1.1252
– Take Profit : 1.1322
– Take Profit : 1.1215
– Stop Loss : 1.1262
– Stop Loss : 1.1271
GBP / USD
Commentary : The sterling trades slightly lower on Monday and stabilizes below $1.3450 mark. Today pair made intraday high at $1.3450 and low at $1.3427 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.3455 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3420 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
1.3455
S1
1.3420
R2
1.3482
S2
1.3393
R3
1.3512
S3
1.3372
R4
1.3540
S4
1.3337
BUY
SELL
Buy Above : 1.3450
Sell Below : 1.3411
– Take Profit : 1.3476
– Take Profit : 1.3385
– Stop Loss : 1.3422
– Stop Loss : 1.3440
USD / CAD
Commentary : The CAD moves in rigid boundaries on Monday and trading around 1.2650 mark. The pair made intraday high at 1.2658 and low at 1.2640 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.2660 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2620 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
1.2660
S1
1.2620
R2
1.2676
S2
1.2600
R3
1.2699
S3
1.2580
R4
1.2726
S4
1.2562
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2660
Sell Below : 1.2627
– Take Profit : 1.2690
– Take Profit : 1.2591
– Stop Loss : 1.2637
– Stop Loss : 1.2651
USD / JPY
Commentary : The Japanese yen trades marginally lower on Monday and trading above 114.00 mark. The pair made intraday high at 114.21 and low at 113.91 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 114.50 on H1 chart requires for the upside rally. Alternatively, a consistent close below 113.90 on H1 chart 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
114.50
S1
113.78
R2
114.72
S2
113.47
R3
115.06
S3
113.15
R4
115.22
S4
112.80
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 114.25
Sell Below : 113.76
– Take Profit : 114.54
– Take Profit : 113.38
– Stop Loss : 113.90
– Stop Loss : 114.03
GOLD
Commentary : Gold slightly up on Monday and hovers around $1,850 mark. Today pair made intraday high at $1,848 and low at $1,844 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1,854 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,844 will check further supports.
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