stocks_BSE_Nifty_Sensex__Sensex_Stocks_market-2_1280-770x433

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18124 and 1.18262.

- Support line of 1.17848  and 1.17710.

Commentary/ Reason:

- The euro was defensive at $1.1791 after falling 0.5% on Friday following disappointing eurozone manufacturing activity data.

- Both Stochastic and RSI oscillators edged toward the undervalued range of 20 and 30, respectively.

- The MACD is trading below its signal line and positive.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91412 and 0.91671.

- Support line of 0.90894 and 0.90635.

Commentary/ Reason:

- The greenback fetched 0.9124 Swiss franc, holding onto a 0.5% gain from Friday.

- Stochastic indicator entering the overvalued range, with RSI oscillators also expected to follow toward the range later.

- The MACD is trading above its signal line and positive. The configuration is positive.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.31087 and 1.31237.

- Support line of 1.30787 and 1.31637.

Commentary/ Reason:

- The British pound nursed losses after falling 0.9% on Friday on lack of progress in post-Brexit trade talks with the European Union. It was last at $1.3089.

- RSI indicator hold steady at normal range, while Stochastic lingers toward oversold ranges.

- The MACD is trading below its signal line and negative. The configuration is negative.

GBPUSD