Commentary : The Aussie trades marginally lower on Tuesday and stabilizes below $0.78 mark. The pair made intraday high at $0.7803 and low at $0.7784 mark. A day chart as well as H1 chart confirms up trend for the time being. A sustained close above $0.7815 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7767 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
0.7815
S1
0.7765
R2
0.7838
S2
0.7740
R3
0.7867
S3
0.7718
R4
0.7899
S4
0.7677
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7815
Sell Below : 0.7765
– Take Profit : 0.7840
– Take Profit : 0.7740
– Stop Loss : 0.7780
– Stop Loss : 0.7805
EUR / USD
Commentary : The euro erases previous gain against U.S. dollar and remains well supported below $1.2100 mark. Euro economic calendar is empty for the day. Today pair made intraday high at $1.2089 and low at $1.2067. Today triple EMA on a day chart and H1 chart confirm bullish trend for the time being. A consistent close above $1.2115 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2048 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
1.2115
S1
1.2062
R2
1.2152
S2
1.2048
R3
1.2170
S3
1.2001
R4
1.2215
S4
1.1976
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2090
Sell Below : 1.2040
– Take Profit : 1.2122
– Take Profit : 1.2010
– Stop Loss : 1.2050
– Stop Loss : 1.2080
GBP / USD
Commentary : The sterling trades slightly lower on Tuesday and remains well supported below $1.3900 mark. The pair made intraday high at $1.3902 and low at $1.3874 mark. Today a day confirms bullish trend for the time being while H1 chart likely to give crossover, which may lead to down trend in short run. A sustained close above $1.3910 requires for the upside rally. Alternatively, a consistent close below $1.3864 will check further key supports.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.3910
S1
1.3864
R2
1.3945
S2
1.3835
R3
1.3969
S3
1.3808
R4
1.3992
S4
1.3787
BUY
SELL
Buy Above : 1.3910
Sell Below : 1.3862
– Take Profit : 1.3945
– Take Profit : 1.3838
– Stop Loss : 1.3870
– Stop Loss : 1.3900
USD / CAD
Commentary : The Canadian dollar trades almost flat on Tuesday and hovers around 1.2400 mark. Today pair made intraday high at 1.2410 and low at 1.2388 mark. A day chart and H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2418 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2391 on H1 chart will check key supports too.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2418
S1
1.2391
R2
1.2450
S2
1.2365
R3
1.2472
S3
1.2347
R4
1.2490
S4
1.2330
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2418
Sell Below : 1.2380
– Take Profit : 1.2450
– Take Profit : 1.2347
– Stop Loss : 1.2390
– Stop Loss : 1.2410
USD / JPY
Commentary : The Japanese yen depreciates against U.S. dollar as BOJ keeps interest rate unchanged and pair jumps back above 108.00 mark. The pair made intraday high at 108.38 and low at 108.06 mark. The triple EMA on a day as well as H1 chart is bullish for the time being. A sustained close above 108.47 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.00 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
108.47
S1
108.00
R2
108.90
S2
107.51
R3
109.27
S3
107.28
R4
109.71
S4
107.00
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 108.56
Sell Below : 108.00
– Take Profit : 108.90
– Take Profit : 107.71
– Stop Loss : 108.10
– Stop Loss : 108.50
GOLD
Commentary : The gold enjoys roller coaster movement ahead of U.S. FOMC meet due tomorrow and consolidates around $1,780 mark. Today pair made intraday high at $1,784 and low $1,773 mark. A day chart confirms sideways movement for the time being while H1 Chart with Triple EMA is showing bearish movement in short run. A sustained close above $1,784 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,774 will check further supports.
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia.