Commentary : The Aussie falls sharply on Friday despite robust retail sales data and slips below $0.7150 mark. Today pair made intraday high at $0.7190 and low at $0.7139 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.7190 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7138 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
0.7190
S1
0.7138
R2
0.7222
S2
0.7105
R3
0.7240
S3
0.7078
R4
0.7276
S4
0.7050
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7190
Sell Below : 0.7127
– Take Profit : 0.7222
– Take Profit : 0.7102
– Stop Loss : 0.7168
– Stop Loss : 0.7152
EUR / USD
Commentary : The Euro recovers marginally from previous losses and remains well supported above $1.1200 mark. Today pair made intraday high at $1.1227 and low at $1.1204. 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 : 1.1241
Sell Below : 1.1184
– Take Profit : 1.1272
– Take Profit : 1.1160
– Stop Loss : 1.1212
– Stop Loss : 1.1206
GBP / USD
Commentary : The sterling continues to trade lower against U.S. dollar and hovers around $1.3300 mark. Today pair made intraday high at $1.3322 and low at $1.3298 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.3325 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3287 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
1.3325
S1
1.3287
R2
1.3357
S2
1.3265
R3
1.3378
S3
1.3238
R4
1.3410
S4
1.3210
BUY
SELL
Buy Above : 1.3325
Sell Below : 1.3291
– Take Profit : 1.3352
– Take Profit : 1.3260
– Stop Loss : 1.3302
– Stop Loss : 1.3315
USD / CAD
Commentary : The CAD weakens sharply against major peers and jumps back above 1.2700 mark. The pair made intraday high at 1.2714 and low at 1.2645 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2738 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2665 on H1 chart will check key supports too.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2738
S1
1.2665
R2
1.2754
S2
1.2640
R3
1.2772
S3
1.2620
R4
1.2799
S4
1.2600
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2722
Sell Below : 1.2662
– Take Profit : 1.2751
– Take Profit : 1.2632
– Stop Loss : 1.2682
– Stop Loss : 1.2689
USD / JPY
Commentary : The Japanese yen rises sharply in early Asia after Tokyo Core CPI data and extra budget data. The pair made intraday high at 115.36 and low at 114.67 mark. The triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being. A sustained close above 115.47 on H1 chart requires for the upside rally. Alternatively, a consistent close below 114.60 on H1 chart 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
115.47
S1
114.60
R2
115.78
S2
114.21
R3
115.99
S3
113.91
R4
116.24
S4
113.62
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 115.40
Sell Below : 114.51
– Take Profit : 115.65
– Take Profit : 114.22
– Stop Loss : 115.12
– Stop Loss : 114.76
GOLD
Commentary : Gold strengthens on Friday and touches $1,799 mark in early Asian hours. Today pair made intraday high at $1,799 and low at $1,788 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 $1,787 will check further supports. Today again U.S. Economic Calendar is empty.
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