AUD / USD
| Commentary : The Aussie weakens sharply against U.S. dollar despite higher than expected retail sales data. The pair made intraday high at $0.0.7736 and low at $0.7705 mark. A day chart suggests up trend while H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $0.7740 on H1 chart requires for the upside rally. Alternatively, current downside movement will drag the parity down below $0.7700 mark. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7740 | S1 | 0.7702 |
| R2 | 0.7770 | S2 | 0.7677 |
| R3 | 0.7790 | S3 | 0.7638 |
| R4 | 0.7812 | S4 | 0.7622 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7740 | Sell Below : 0.7698 | ||
| – Take Profit : 0.7770 | – Take Profit : 0.7677 | ||
| – Stop Loss : 0.7710 | – Stop Loss : 0.7730 | ||
EUR / USD
| Commentary : The euro exhibits range bound movement on Wednesday and consolidates around $1.2030 mark. The pair made intraday high at $1.2043 and low at $1.2024. Today triple EMA on a day chart and H1 chart suggest slightly bullish trend for the time being. A consistent close above $1.2050 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2018 on H1 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2050 | S1 | 1.2018 |
| R2 | 1.2090 | S2 | 1.2000 |
| R3 | 1.2128 | S3 | 1.1980 |
| R4 | 1.2152 | S4 | 1.1942 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2050 | Sell Below : 1.2000 | ||
| – Take Profit : 1.2080 | – Take Profit : 1.1980 | ||
| – Stop Loss : 1.2020 | – Stop Loss : 1.2030 | ||
GBP / USD
| Commentary : The Aussie weakens in early Asia as retail sales data misses the expectations but recovers soon from the previous losses. The pair is currently trading around $0.7750 mark. A day chart suggests up trend while H1 chart with triple EMA confirms the down trend for the time being. A sustained close above $0.7761 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7732 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3952 | S1 | 1.3920 |
| R2 | 1.3970 | S2 | 1.3900 |
| R3 | 1.4008 | S3 | 1.3876 |
| R4 | 1.4026 | S4 | 1.3854 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.3952 | Sell Below : 1.3910 | ||
| – Take Profit : 1.3970 | – Take Profit : 1.3876 | ||
| – Stop Loss : 1.3915 | – Stop Loss : 1.3940 | ||
USD / CAD
| Commentary : The Canadian dollar trades almost flat ahead of Canada’s Interest Rate Decision and Inflation results. The pair made intraday high at 1.2616 and low at 1.2597 mark. A day chart is bearish and H1 Chart with triple EMA confirms up trend for the time being. A sustained close above 1.2618 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2590 will check key supports too. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2618 | S1 | 1.2590 |
| R2 | 1.2640 | S2 | 1.2565 |
| R3 | 1.2670 | S3 | 1.2540 |
| R4 | 1.2692 | S4 | 1.2518 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2625 | Sell Below : 1.2590 | ||
| – Take Profit : 1.2655 | – Take Profit : 1.2570 | ||
| – Stop Loss : 1.2600 | – Stop Loss : 1.2620 | ||
USD / JPY
| Commentary : The Japanese yen remains volatile on Wednesday and hovers around 108.00 mark. The pair made intraday high at 108.14 and low at 107.87 mark. The triple EMA on a day chart is bullish while H1 chart confirms bearish trend for the time being. A sustained close above 108.15 on H1 chart requires for the upside rally. Alternatively, a consistent close below 107.92 on H1 will check key supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 108.15 | S1 | 107.92 |
| R2 | 108.40 | S2 | 107.60 |
| R3 | 108.90 | S3 | 107.28 |
| R4 | 109.27 | S4 | 107.00 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 108.15 | Sell Below : 107.85 | ||
| – Take Profit : 108.40 | – Take Profit : 107.60 | ||
| – Stop Loss : 107.90 | – Stop Loss : 108.15 | ||
GOLD
| Commentary : The gold rises sharply on Wednesday and touches $1,785 mark in Asian hours. Today pair made intraday high at $1,785 and low $1,776 mark. Today’s U.S. session is empty again, suggesting high volatility during U.S. session. A day chart is about to give successful crossover for the upside trend while H1 chart with triple EMA has already confirmed bullish trend for the time being. A sustained close above $1,787 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,775 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1787 | S1 | 1776 |
| R2 | 1794 | S2 | 1772 |
| R3 | 1799 | S3 | 1767 |
| R4 | 1805 | S4 | 1762 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1787 | Sell Below : 1775 | ||
| – Take Profit : 1794 | – Take Profit : 1768 | ||
| – Stop Loss : 1778 | – Stop Loss : 1783 | ||
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