AUD / USD
| Commentary : The Aussie trades slightly down on Wednesday and stabilizes below $0.7700 mark. A day chart still suggests bullish trend while H1 chart with triple EMA is about to give crossover for the bearish trend confirmation. A sustained close above $0.7718 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7674 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 | 0.7727 | S1 | 0.7674 |
| R2 | 0.7744 | S2 | 0.7625 |
| R3 | 0.7782 | S3 | 0.7599 |
| R4 | 0.7806 | S4 | 0.7563 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.77200 | Sell Below : 0.76555 | ||
| – Take Profit : 0.77596 | – Take Profit : 0.76190 | ||
| – Stop Loss : 0.76753 | – Stop Loss : 0.76961 | ||
EUR / USD
| Commentary : The euro depreciates slightly on Wednesday and hovers around $1.1880 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 $1.1860 on H1 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 | 1.1905 | S1 | 1.1860 |
| R2 | 1.1935 | S2 | 1.1838 |
| R3 | 1.1974 | S3 | 1.1802 |
| R4 | 1.2001 | S4 | 1.1777 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.19219 | Sell Below : 1.18576 | ||
| – Take Profit : 1.19699 | – Take Profit : 1.18134 | ||
| – Stop Loss : 1.18734 | – Stop Loss : 1.19034 | ||
GBP / USD
| Commentary : The pound trades flat on Wednesday and stabilizes above $1.3850 mark. The pair made intraday high at $1.3892 and low at $1.3861 mark. Triple EMA on a day and H1 chart suggests up trend for the time being. A sustained close above $1.3890 on H1 chart requires for the upside rally. On the other hand, consistent close below $1.3853 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 | 1.3890 | S1 | 1.3853 |
| R2 | 1.3922 | S2 | 1.3798 |
| R3 | 1.3961 | S3 | 1.3750 |
| R4 | 1.3998 | S4 | 1.3702 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.39100 | Sell Below : 1.38461 | ||
| – Take Profit : 1.39486 | – Take Profit : 1.38046 | ||
| – Stop Loss : 1.38657 | – Stop Loss : 1.38926 | ||
USD / CAD
| Commentary : The Canadian dollar weakens noticeably on Wednesday ahead of BOC’s Interest Rate Decision. A day chart with triple EMA confirms the bearish trend but H1 suggests short term trend reversal for the time being. The expected range for the parity will be 1.2740 to 1.2610 mark. A sustained close of either side on H1 chart requires for the further trend confirmation. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2693 | S1 | 1.2653 |
| R2 | 1.2740 | S2 | 1.2610 |
| R3 | 1.2776 | S3 | 1.2583 |
| R4 | 1.2808 | S4 | 1.2555 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.26889 | Sell Below : 1.26330 | ||
| – Take Profit : 1.27320 | – Take Profit : 1.26035 | ||
| – Stop Loss : 1.26493 | – Stop Loss : 1.26677 | ||
USD / JPY
| Commentary : The Japanese yen falls gradually against U.S. dollar and remains well supported above 108.50 mark. The pair made intraday high at 108.88 and low at 108.45 mark. 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 108.47 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 | 109.20 | S1 | 108.47 |
| R2 | 109.56 | S2 | 107.86 |
| R3 | 109.82 | S3 | 107.58 |
| R4 | 110.22 | S4 | 106.90 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 109.028 | Sell Below : 108.552 | ||
| – Take Profit : 109.482 | – Take Profit : 108.161 | ||
| – Stop Loss : 108.598 | – Stop Loss : 109.027 | ||
GOLD
| Commentary : The gold spiked up sharply in previous session and touched $1,720 mark. Today gold trades marginally lower and stabilizes below $1,720 levels. Today pair made intraday high at $1,791 and low at $1,710 mark. A sustained close above $1,718 on H1 chart requires for the upside rally. Alternatively, reversal from here will drag the parity back below $1,700 mark. Today’s U.S. will remain important as U.S. Inflation data will come out to provide further directions to the U.S. dollar. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1722 | S1 | 1702 |
| R2 | 1727 | S2 | 1691 |
| R3 | 1732 | S3 | 1685 |
| R4 | 1740 | S4 | 1678 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1721.44 | Sell Below : 1706.61 | ||
| – Take Profit : 1729.92 | – Take Profit : 1696.65 | ||
| – Stop Loss : 1711.77 | – Stop Loss : 1716.57 | ||
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