AUD / USD
| Commentary : The Aussie rises gradually against U.S. dollar on the back of strong Westpac consumer sentiment data. Here triple EMA as well as RSI confirm the bullish trend in short run. The pair made intraday high at $0.7743 and low at $0.7724 mark. A sustained close above $0.7750 on a Day chart requires for the upside rally. On the bottom side, key hurdle is seen at $0.7690 mark. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7743 | S1 | 0.7690 |
| R2 | 0.7799 | S2 | 0.7638 |
| R3 | 0.7820 | S3 | 0.7590 |
| R4 | 0.7878 | S4 | 0.7522 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.77515 | Sell Below : 0.77108 | ||
| – Take Profit : 0.77731 | – Take Profit : 0.76840 | ||
| – Stop Loss : 0.77267 | – Stop Loss : 0.77406 | ||
EUR / USD
| Commentary : The euro strengthens on Wednesday and jumps back above $1.21 mark in Asian hours. On H1 chart, bullish trend in observed while on a Day chart, triple EMA is about to crossover for the bullish pattern. Key boundaries for the parity will be $1.2170 to $1.2100 mark. A consistent break of either side on hourly chart will provide further directions to the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2170 | S1 | 1.2100 |
| R2 | 1.2224 | S2 | 1.2044 |
| R3 | 1.2262 | S3 | 1.1961 |
| R4 | 1.2323 | S4 | 1.1900 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.21377 | Sell Below : 1.20990 | ||
| – Take Profit : 1.21605 | – Take Profit : 1.20764 | ||
| – Stop Loss : 1.21056 | – Stop Loss : 1.21235 | ||
GBP / USD
| Commentary : The pound rises remarkably and touches $1.3827 mark. Today BOE Gov Bailey is scheduled to speak at 1700 GMT. Here the technical indicators like RSI and EMA confirm the bullish trend. The key boundaries for the parity will be $1.3876 to $1.3750 mark. A successful close of either side on a Day Chart will provide further direction to the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3840 | S1 | 1.3750 |
| R2 | 1.3876 | S2 | 1.3600 |
| R3 | 1.3932 | S3 | 1.3637 |
| R4 | 1.3967 | S4 | 1.3590 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.38403 | Sell Below : 1.38034 | ||
| – Take Profit : 1.38618 | – Take Profit : 1.37838 | ||
| – Stop Loss : 1.38142 | – Stop Loss : 1.38330 | ||
USD / CAD
| Commentary : The Canadian dollar recovers previous losses and slip back below 1.27 mark. Both RSI and triple EMA confirm the bearish trend on a Day as well as H1 chart. A consistent break below 1.2690 requires for the downside rally. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2784 | S1 | 1.2690 |
| R2 | 1.2850 | S2 | 1.2630 |
| R3 | 1.2902 | S3 | 1.2600 |
| R4 | 1.2934 | S4 | 1.2570 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.27311 | Sell Below : 1.26791 | ||
| – Take Profit : 1.27603 | – Take Profit : 1.26477 | ||
| – Stop Loss : 1.27002 | – Stop Loss : 1.27182 | ||
USD / JPY
| Commentary : The Japanese yen remains slightly volatile after PPI results and hovers around 104.50 mark. On H1 chart, RSI and triple EMA suggest bearish trend but for that consistent close below 104.50 is required. Alternatively, reversal from here will drag the parity back above 105.00 mark. On a Day Chart, EMA still suggests bullish trend, simply signifies the trend reversal for the time being. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 104.77 | S1 | 104.50 |
| R2 | 105.20 | S2 | 104.22 |
| R3 | 105.68 | S3 | 103.60 |
| R4 | 106.50 | S4 | 102.92 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 104.746 | Sell Below : 104.403 | ||
| – Take Profit : 105.003 | – Take Profit : 104.150 | ||
| – Stop Loss : 104.462 | – Stop Loss : 104.653 | ||
GOLD
| Commentary : Gold strengthens on weak U.S. dollar and remains well supported above $1,830 mark. The pair made intraday high at $1,845 and low at $1,834 mark. The key event for the day is U.S. Fed Chair Powell’s speech. It will bring market volatility as well as provides further direction to the parity. On a Day Chart, triple EMA signals the bearish trend, while on H1 chart, EMA confirms the bullish trend for the time being. The key boundaries for the parity will be $1,862 to $1,828 mark. A consistent close of either side will provide further directions to the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1847 | S1 | 1827 |
| R2 | 1854 | S2 | 1820 |
| R3 | 1862 | S3 | 1815 |
| R4 | 1870 | S4 | 1807 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1850.53 | Sell Below : 1834.01 | ||
| – Take Profit : 1857.48 | – Take Profit : 1826.95 | ||
| – Stop Loss : 1842.21 | – Stop Loss : 1842.62 | ||
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