EURUSD : EurUsd is currently trading at 1.4280 levels. Upside correction is expected till 1.4420 levels from where shorts can be initiated. Immediate support comes around 1.4250 levels which if broken then could see next important support at 1.4120 levels. Bias still remains bearish and shorts close to 1.4380-1.4420 levels can be considered for the target of 150 pips and lower. (EURUSD - 1.4280) Bearish.
GBPUSD : GbpUsd is currently trading at 1.6080 levels. It touched a high of 1.6235 level on Friday and closed at 1.6157 levels (as expected). Upside correction is expected near 1.6180 - 1.6200 levels (200 days Daily EMA and 38.2% retracement) where shorts can be initiated for the target of 150 -200 pips keeping stoploss above 1.6250 level. Immediate support comes around 1.5980 levels . Short term bias still remains bearish till 1.5700 levels until 1.6240 level is held. (GBPUSD 1.6080) Bearish.
USDJPY : The JPY is having a resistance near 93.20 levels and currently trading at 92.75. It this immediate resistance is broken then the pair could test the next resistance near 94.20 levels where shorts can be initiated for the target of 90 levels. Bias for USDJPY pair remains strong above 88.40 levels. (USDJPY- 92.75) Neutral.
AUDUSD : AUDUSD is consistently trading below 55days Daily EMA and is having an immediate resistance near 0.9010 levels. According to our expectation, if Aud remains below 0.9000 levels then it should target 0.8650 levels on the downside. Initiate shorts near 0.9000 levels for the target of 150pips, keeping stoploss 0.9150. Stochastic is in overbought region. (AUDUSD - 0.8964) Bearish.
Gold : GOLD is currently trading at $1102 levels. Immediate resistance comes near $1110 levels (55 Days Daily Ema) which if broken then could see important resistance near $1132 levels (38.2% retracement) where shorts can be initiated for the target of 40 - 50 dollar. Stochastic is still neutral. (GOLD - $1102) Neutral.
Dollar Index : Dollar Index is currently trading at 78.10 levels and is consistantly trading above 55 days EMA. We're remaining bullish on the dollar index as long as 76.80 support is held. Further rise is expected to be seen near 80 levels (DI - 78.10) Bullish.