AUD / USD
| Commentary : The Aussie weakens sharply after RBA’s Monetary Policy Statement as RBA kept interest rate unchanged as expected. The pair made intraday high at $0.7661 and low at $0.7616 mark. Here both RSI and EMA confirm the bearish trend on H1 chart, while triple EMA still confirms upside movement on a Day Chart. A sustained close below $0.7602 will check key supports. Alternatively, reversal from hey support will drag the parity back above $0.7650 mark. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7676 | S1 | 0.7602 |
| R2 | 0.7712 | S2 | 0.7590 |
| R3 | 0.7776 | S3 | 0.7520 |
| R4 | 0.7854 | S4 | 0.7500 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.76707 | Sell Below : 0.76101 | ||
| – Take Profit : 0.76964 | – Take Profit : 0.75829 | ||
| – Stop Loss : 0.76416 | – Stop Loss : 0.76441 | ||
EUR / USD
| Commentary : The euro reverses previous loss against U.S. dollar and trades marginally higher on Tuesday. On a day chart, triple EMA still suggests the trend reversal while H1 chart confirms the bearish trend. Here, yesterday’s close and today’s low are same as $1.2059 mark. A consistent close below requires for the downside rally. Otherwise, current upside trend will take the parity back above $1.21 mark. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2128 | S1 | 1.2058 |
| R2 | 1.2160 | S2 | 1.2040 |
| R3 | 1.2232 | S3 | 1.2001 |
| R4 | 1.2265 | S4 | 1.1922 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.21046 | Sell Below : 1.20606 | ||
| – Take Profit : 1.21297 | – Take Profit : 1.20395 | ||
| – Stop Loss : 1.20784 | – Stop Loss : 1.20831 | ||
GBP / USD
| Commentary : The pound exhibits range bound movement and consolidates around $1.3690 mark. Both RSI and triple EMA support the uptrend. The key boundaries for the parity will be $1.3703 and $1.3658 mark. A sustained close of either side will get 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 | 1.3740 | S1 | 1.3658 |
| R2 | 1.3762 | S2 | 1.3622 |
| R3 | 1.3802 | S3 | 1.3600 |
| R4 | 1.3844 | S4 | 1.3552 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.37203 | Sell Below : 1.36743 | ||
| – Take Profit : 1.37560 | – Take Profit : 1.36433 | ||
| – Stop Loss : 1.36779 | – Stop Loss : 1.37101 | ||
USD / CAD
| Commentary : The Canadian dollar trades marginally higher on Tuesday and trading around 1.2830 mark. On a day chart, triple EMA supports the bearish trend while on H1 chart, triple EMA and RSI confirm up trend. The key range for the day will be 1.2840 and 1.2810 mark. A sustained close of either side will only provide further direction of the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2840 | S1 | 1.2810 |
| R2 | 1.2882 | S2 | 1.2780 |
| R3 | 1.2902 | S3 | 1.2735 |
| R4 | 1.2957 | S4 | 1.2690 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.28589 | Sell Below : 1.28023 | ||
| – Take Profit : 1.28872 | – Take Profit : 1.27701 | ||
| – Stop Loss : 1.28296 | – Stop Loss : 1.28408 | ||
USD / JPY
| Commentary : The Japanese yen moves in stiff boundaries on Tuesday and breaks key hurdle at 104.90 mark. The pair remains well supported above triple EMA and thus signifies bullish trend for the time being. A daily close below 104.10 will check key supports. On the top side, a consistent close above 104.92 requires for the upside rally. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 105.42 | S1 | 104.10 |
| R2 | 105.94 | S2 | 103.57 |
| R3 | 106.26 | S3 | 102.90 |
| R4 | 106.50 | S4 | 102.50 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 105.047 | Sell Below : 104.776 | ||
| – Take Profit : 105.307 | – Take Profit : 104.536 | ||
| – Stop Loss : 104.778 | – Stop Loss : 105.035 | ||
GOLD
| Commentary : Gold weakens on Tuesday and faces key hurdle to break $1,872 mark. On a Day Chart, both RSI and EMA signal the bearish trend. Alternatively, a sustained close above $1,872 requires for the upside rally. In addition, key downside hurdle is seen at $1,847 mark. A consistent close below will check further supports too. Today no key economic indicators are schedule to release from the U.S. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1867 | S1 | 1847 |
| R2 | 1872 | S2 | 1840 |
| R3 | 1884 | S3 | 1832 |
| R4 | 1892 | S4 | 1820 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1862.53 | Sell Below : 1848.56 | ||
| – Take Profit : 1870.53 | – Take Profit : 1841.42 | ||
| – Stop Loss : 1852.67 | – Stop Loss : 1858.88 | ||
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