AUD / USD
| Commentary : The Aussie remains slightly volatile after robust NAB business confidence data and stabilizes above $0.7650 mark. A day chart still suggests bullish trend while H1 chart with triple EMA suggests the down trend for the time being. A sustained close above $0.7681 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7625 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 | 0.7681 | S1 | 0.7625 |
| R2 | 0.7727 | S2 | 0.7599 |
| R3 | 0.7782 | S3 | 0.7563 |
| R4 | 0.7806 | S4 | 0.7515 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.76858 | Sell Below : 0.76208 | ||
| – Take Profit : 0.77153 | – Take Profit : 0.75843 | ||
| – Stop Loss : 0.76542 | – Stop Loss : 0.76614 | ||
EUR / USD
| Commentary : The euro trades marginally higher on Tuesday but remains well supported below $1.1900 mark. Today triple EMA on a day as well as H1 chart confirm the bearish trend only. A consistent close above $1.1905 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1838 on H1 will check further supports. Today Euro Zone’s final employment change and revised GDP data may 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 | 1.1935 | S1 | 1.1838 |
| R2 | 1.1974 | S2 | 1.1802 |
| R3 | 1.2001 | S3 | 1.1777 |
| R4 | 1.2046 | S4 | 1.1707 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.18971 | Sell Below : 1.18269 | ||
| – Take Profit : 1.19329 | – Take Profit : 1.17827 | ||
| – Stop Loss : 1.18486 | – Stop Loss : 1.18727 | ||
GBP / USD
| Commentary : The pound rises marginally on Tuesday and hovers around $1.3850 mark. The pair made intraday high at $1.3850 and low at $1.3801 mark. Triple EMA on a day chart suggests up trend while H1 chart confirms the bearish trend for the time being. A sustained close above $1.3853 on H1 chart requires for the upside rally. On the other hand, consistent close below $1.3798 on H1 will test further supports too. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3853 | S1 | 1.3798 |
| R2 | 1.3922 | S2 | 1.3750 |
| R3 | 1.3961 | S3 | 1.3702 |
| R4 | 1.3998 | S4 | 1.3674 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.38872 | Sell Below : 1.37945 | ||
| – Take Profit : 1.39304 | – Take Profit : 1.37493 | ||
| – Stop Loss : 1.38323 | – Stop Loss : 1.38560 | ||
USD / CAD
| Commentary : The Canadian dollar moves in rigid boundaries and consolidates around 1.2650 mark. A day and H1 chart with triple EMA confirm the bearish trend for the time being. The expected range for the parity will be 1.2610 to 1.2710 mark. A sustained close of either side on H1 chart requires for the further trend confirmation. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2665 | S1 | 1.2610 |
| R2 | 1.2710 | S2 | 1.2584 |
| R3 | 1.2740 | S3 | 1.2555 |
| R4 | 1.2776 | S4 | 1.2518 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.26850 | Sell Below : 1.26223 | ||
| – Take Profit : 1.27821 | – Take Profit : 1.25882 | ||
| – Stop Loss : 1.26337 | – Stop Loss : 1.26768 | ||
USD / JPY
| Commentary : he Japanese yen weakens sharply against U.S. dollar as final GDP and household spending data miss expectations. The pair made intraday high at 109.23 and low at 108.82 mark. The pair hits highest level since June 2020. The triple EMA on a day and H1 chart suggest the bullish trend for the time being. A sustained close above 109.20 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.53 on H1 will check key supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 109.56 | S1 | 108.53 |
| R2 | 109.82 | S2 | 107.86 |
| R3 | 110.22 | S3 | 107.58 |
| R4 | 110.54 | S4 | 106.90 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 109.432 | Sell Below : 108.750 | ||
| – Take Profit : 110.010 | – Take Profit : 108.246 | ||
| – Stop Loss : 108.848 | – Stop Loss : 109.231 | ||
GOLD
| Commentary : The gold recovers slightly from previous losses and hovers around immediate resistance at $1,691 mark. Today pair made intraday high at $1,691 and low at $1,680 mark. A sustained close above $1,698 on H1 chart requires for the upside rally. Alternatively, reversal from here will drag the parity back below $1,680 mark. Today’s U.S. session is empty as no key fundamentals are scheduled to release. As observed earlier, market might get high volatile during the U.S. session in the absence of key fundamental. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1702 | S1 | 1677 |
| R2 | 1708 | S2 | 1670 |
| R3 | 1715 | S3 | 1662 |
| R4 | 1722 | S4 | 1657 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1697.43 | Sell Below : 1681.46 | ||
| – Take Profit : 1707.80 | – Take Profit : 1671.50 | ||
| – Stop Loss : 1684.69 | – Stop Loss : 1691.42 | ||
Download Report in PDF
We provide every solution to start your own
