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.
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