Commentary : The Aussie trades slightly higher on Thursday and hovers around $0.7200 mark. Today pair made intraday high at $0.7209 and low at $0.7191 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.7222 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7190 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
0.7222
S1
0.7190
R2
0.7240
S2
0.7176
R3
0.7276
S3
0.7140
R4
0.7299
S4
0.7115
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7222
Sell Below : 0.7178
– Take Profit : 0.7191
– Take Profit : 0.7150
– Stop Loss : 0.7248
– Stop Loss : 0.7202
EUR / USD
Commentary : The Euro trades marginally higher ahead of German Data and ECB President Lagarde’s speech. Today pair made intraday high at $1.1218 and low at $1.1193. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1250 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1192 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
1.1250
S1
1.1186
R2
1.1275
S2
1.1162
R3
1.1315
S3
1.1137
R4
1.1340
S4
1.1115
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.1225
Sell Below : 1.1184
– Take Profit : 1.1250
– Take Profit : 1.1160
– Stop Loss : 1.1198
– Stop Loss : 1.1206
GBP / USD
Commentary : The sterling starts a new day on a positive note ahead of BOE Gov Bailey’s speech and trading around $1.3350 mark. Today pair made intraday high at $1.3352 and low at $1.3318 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.3355 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3320 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
1.3355
S1
1.3320
R2
1.3385
S2
1.3287
R3
1.3412
S3
1.3265
R4
1.3455
S4
1.3238
BUY
SELL
Buy Above : 1.3362
Sell Below : 1.3330
– Take Profit : 1.3390
– Take Profit : 1.3302
– Stop Loss : 1.3337
– Stop Loss : 1.3352
USD / CAD
Commentary : The CAD rises gradually against U.S. dollar and stabilizes below 1.2650 mark. The pair made intraday high at 1.2665 and low at 1.2648 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2675 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2640 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
1.2675
S1
1.2640
R2
1.2699
S2
1.2620
R3
1.2722
S3
1.2600
R4
1.2754
S4
1.2580
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2672
Sell Below : 1.2648
– Take Profit : 1.2699
– Take Profit : 1.2620
– Stop Loss : 1.2647
– Stop Loss : 1.2677
USD / JPY
Commentary : The Japanese yen trades flat on Thursday and trading around 115.00 mark. The pair made intraday high at 115.45 and low at 115.30 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 115.47 on H1 chart requires for the upside rally. Alternatively, a consistent close below 115.20 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
115.47
S1
115.20
R2
115.78
S2
114.88
R3
115.99
S3
114.55
R4
116.24
S4
114.21
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 115.48
Sell Below : 115.15
– Take Profit : 115.76
– Take Profit : 114.82
– Stop Loss : 115.22
– Stop Loss : 115.42
GOLD
Commentary : Gold depreciated sharply in previous session after mixed U.S. key indicators and hawkish U.S. FOMC Meeting Minutes. Today pair made intraday high at $1,794 and low at $1,786 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1,798 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,782 will check further supports.
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia.