AUD / USD
| Commentary : The Aussie exhibits range bound movement and hovers around $0.7750 mark on Wednesday. Australia has scheduled to release employment change data due tomorrow. A day chart still confirms the uptrend in long run but triple EMA on H1 chart suggesting bearish trend for the time being. An expected range for the parity will be $0.7767 to $0.7722 mark. A sustained close of either side on H1 chart will provide further direction to the parity. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7767 | S1 | 0.7722 |
| R2 | 0.7820 | S2 | 0.7690 |
| R3 | 0.7878 | S3 | 0.7638 |
| R4 | 0.7940 | S4 | 0.7594 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.77653 | Sell Below : 0.77282 | ||
| – Take Profit : 0.77869 | – Take Profit : 0.77087 | ||
| – Stop Loss : 0.77461 | – Stop Loss : 0.77515 | ||
EUR / USD
| Commentary : The euro erases previous gain against U.S. dollar and fails to break key resistance at $1.2170 mark. The pair is currently trading around $1.2090 mark. Today no key fundamentals are expected from the Euro zone. On H1 chart, triple EMA confirms the bearish trend for the time being. The expected range for the parity will be $1.2075 to $1.2120 mark. A consistent break of either side on a H1 chart will provide further directions to the parity. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2120 | S1 | 1.2075 |
| R2 | 1.2170 | S2 | 1.2044 |
| R3 | 1.2224 | S3 | 1.1961 |
| R4 | 1.2262 | S4 | 1.1900 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.21070 | Sell Below : 1.20708 | ||
| – Take Profit : 1.21267 | – Take Profit : 1.20522 | ||
| – Stop Loss : 1.20850 | – Stop Loss : 1.20929 | ||
GBP / USD
| Commentary : The pound trades marginally lower and stabilizes below $1.39 mark ahead of U.K.’s inflation data. A shooting start pattern has observed on a Day Chart which simply signifies short term trend reversal likely. A sustained close above $1.3902 on H1 chart requires for the upside rally. Alternatively, current downside trend will drag the parity back below $1.3800 mark. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3902 | S1 | 1.3860 |
| R2 | 1.3951 | S2 | 1.3845 |
| R3 | 1.4001 | S3 | 1.3767 |
| R4 | 1.4032 | S4 | 1.3738 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.39198 | Sell Below : 1.38630 | ||
| – Take Profit : 1.39671 | – Take Profit : 1.38131 | ||
| – Stop Loss : 1.38611 | – Stop Loss : 1.39228 | ||
USD / CAD
| Commentary : The Canadian dollar remains volatile on Wednesday and hovers around 1.27 mark. A day chart confirms the bearish trend in short run but H1 chart suggest uptrend for the time being. A sustained close below 1.2677 requires for the downside rally. Alternatively, reversal from here will drag the parity back above 1.2730 mark. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2730 | S1 | 1.2677 |
| R2 | 1.2784 | S2 | 1.2630 |
| R3 | 1.2816 | S3 | 1.2588 |
| R4 | 1.2839 | S4 | 1.2551 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.27346 | Sell Below : 1.26673 | ||
| – Take Profit : 1.27659 | – Take Profit : 1.26330 | ||
| – Stop Loss : 1.27028 | – Stop Loss : 1.27063 | ||
USD / JPY
| Commentary : The Japanese yen falls drastically on Wednesday and touched 106.22 mark in early Asia. It is the lowest level since Sept 11, 2020. The BoJ Kuroda’s dovish speech on monetary easing made the Japanese yen fall sharply. Triple EMA has confirmed bullish trend on a Day as well as H1 chart. The key boundaries for the parity will be 106.22 to 105.70 mark. A sustained break and close of either side on H1 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 | 106.22 | S1 | 105.70 |
| R2 | 106.50 | S2 | 105.22 |
| R3 | 106.78 | S3 | 104.80 |
| R4 | 107.23 | S4 | 104.55 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 106.243 | Sell Below : 105.696 | ||
| – Take Profit : 106.504 | – Take Profit : 105.458 | ||
| – Stop Loss : 105.949 | – Stop Loss : 106.031 | ||
GOLD
| Commentary : Gold weakens sharply on robust U.S. dollar and slips back below $1,800 mark. The pair made intraday high at $1,795 and low at $1,786 mark. The Day and H1 charts suggest the bearish trend for the time being. The key event for the day will be U.S. FOMC meeting minutes. In addition, U.S. will release industrial production as well as retail sales data. The outcome of it will provide further directions to the parity. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1802 | S1 | 1785 |
| R2 | 1808 | S2 | 1778 |
| R3 | 1817 | S3 | 1772 |
| R4 | 1828 | S4 | 1764 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1799.73 | Sell Below : 1786.40 | ||
| – Take Profit : 1807.95 | – Take Profit : 1779.49 | ||
| – Stop Loss : 1791.65 | – Stop Loss : 1793.10 | ||
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