Commentary : The Aussie rises gradually on Thursday and hits highest level since March 18, 2021. The pair made intraday high at $0.7817 and low at $0.7781 mark. A day chart and H1 chart with triple EMA 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 $0.7770 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
0.7770
R2
0.7838
S2
0.7742
R3
0.7867
S3
0.7702
R4
0.7902
S4
0.7677
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7820
Sell Below : 0.7770
– Take Profit : 0.7838
– Take Profit : 0.7740
– Stop Loss : 0.7785
– Stop Loss : 0.7815
EUR / USD
Commentary : The euro appreciates sharply against U.S. dollar and hits highest level since Feb 26, 2021. Today pair made intraday high at $1.2150 and low at $1.2120. Today triple EMA on a day chart and H1 chart confirm bullish trend for the time being. A consistent close above $1.2150 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2080 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
1.2150
S1
1.2080
R2
1.2170
S2
1.2062
R3
1.2192
S3
1.2048
R4
1.2227
S4
1.2001
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2150
Sell Below : 1.2115
– Take Profit : 1.2178
– Take Profit : 1.2080
– Stop Loss : 1.2118
– Stop Loss : 1.2150
GBP / USD
Commentary : The pound continues to trade higher against U.S. dollar and stabilizes around $1.3950 mark. The pair made intraday high at $1.3976 and low at $1.3925 mark. Today a day chart as well as H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1.3969 requires for the upside rally. Alternatively, a consistent close below $1.3910 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
1.3969
S1
1.3910
R2
1.3992
S2
1.3858
R3
1.4008
S3
1.3822
R4
1.4041
S4
1.3787
BUY
SELL
Buy Above : 1.3980
Sell Below : 1.3920
– Take Profit : 1.4008
– Take Profit : 1.3892
– Stop Loss : 1.3940
– Stop Loss : 1.3965
USD / CAD
Commentary : The Canadian dollar strengthens sharply on Thursday and slips below 1.23 mark in early Asian hours. Today pair made intraday high at 1.2320 and low at 1.2287 mark. The CAD hits highest level since Feb 2018. A day chart and H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2343 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2289 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
1.2343
S1
1.2289
R2
1.2371
S2
1.2265
R3
1.2392
S3
1.2242
R4
1.2416
S4
1.2210
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2350
Sell Below : 1.2285
– Take Profit : 1.2376
– Take Profit : 1.2265
– Stop Loss : 1.2310
– Stop Loss : 1.2328
USD / JPY
Commentary : The Japanese yen trades marginally higher on Thursday and hovers around 108.50 mark. The pair made intraday high at 108.63 and low at 108.43 mark. The triple EMA on a day chart is up while H1 chart is likely to give crossover on triple EMA, which may lead to bearish trend. A sustained close above 108.65 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.40 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
108.72
S1
108.40
R2
109.11
S2
108.22
R3
109.40
S3
107.87
R4
109.71
S4
107.51
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 108.72
Sell Below : 108.25
– Take Profit : 108.95
– Take Profit : 108.01
– Stop Loss : 108.40
– Stop Loss : 108.60
GOLD
Commentary : Gold spiked up sharply in previous session after dovish FOMC meet. Today pair made intraday high at $1,790 and low $1,781 mark. A day chart and H1 Chart with Triple EMA is showing up trend for the time being. A sustained close above $1,789 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,765 will check further supports. Later today, U.S. will release Advance GDP q/q data; it will provide further directions to the parity.
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