AUD / USD
| Commentary : The Aussie spikes up on the back of higher than expected NAB business confidence and business survey data. The pair made intraday high at $0.7731 and low at $0.7696 mark. For the intraday trading purpose, both RSI and triple EMA confirm the bullish trend. A sustained close above $0.7750 on a Day chart requires for the upside rally. On the bottom side, key hurdle is seen at $0.7690 mark. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7743 | S1 | 0.7690 |
| R2 | 0.7799 | S2 | 0.7638 |
| R3 | 0.7820 | S3 | 0.7590 |
| R4 | 0.7878 | S4 | 0.7522 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.77452 | Sell Below : 0.76950 | ||
| – Take Profit : 0.77668 | – Take Profit : 0.76702 | ||
| – Stop Loss : 0.77205 | – Stop Loss : 0.77257 | ||
EUR / USD
| Commentary : The euro rises on Tuesday and touches $1.2082 mark in Asian hours. On H1 chart, bullish trend in observed while on a Day chart, triple EMA still showing bearish pattern for the time being. Key boundaries for the parity will be $1.2087 to $1.2032 mark. A consistent break of either side on hourly chart will provide further directions to the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2087 | S1 | 1.2032 |
| R2 | 1.2122 | S2 | 1.1957 |
| R3 | 1.2170 | S3 | 1.1922 |
| R4 | 1.2224 | S4 | 1.1900 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.20944 | Sell Below : 1.20384 | ||
| – Take Profit : 1.21172 | – Take Profit : 1.20035 | ||
| – Stop Loss : 1.20623 | – Stop Loss : 1.20675 | ||
GBP / USD
| Commentary : The pound appreciates on Tuesday and hits highest level since April 2018. Despite the trade obstacles after Brexit, GBP remains very strong on hope of future recovery. Here the technical indicators like RSI and EMA confirm the bullish trend. The key boundaries for the parity will be $1.3840 to $1.3727 mark. A successful close of either side on a Day Chart will provide further direction to the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3840 | S1 | 1.3727 |
| R2 | 1.3876 | S2 | 1.3637 |
| R3 | 1.3932 | S3 | 1.3590 |
| R4 | 1.3967 | S4 | 1.3520 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.38137 | Sell Below : 1.37325 | ||
| – Take Profit : 1.38499 | – Take Profit : 1.36989 | ||
| – Stop Loss : 1.37654 | – Stop Loss : 1.37811 | ||
USD / CAD
| Commentary :The Canadian dollar trades marginally higher on Tuesday and touches 1.2719 mark. Both RSI and triple EMA confirm the bearish trend on a Day as well as H1 chart. Since Dec 2020, the pair moves in rigid boundaries from 1.2957 to 1.2588 levels. A consistent break of either side will only give future path of the parity. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2784 | S1 | 1.2718 |
| R2 | 1.2850 | S2 | 1.2690 |
| R3 | 1.2902 | S3 | 1.2630 |
| R4 | 1.2934 | S4 | 1.2600 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.27431 | Sell Below : 1.27077 | ||
| – Take Profit : 1.27680 | – Take Profit : 1.26763 | ||
| – Stop Loss : 1.27166 | – Stop Loss : 1.27469 | ||
USD / JPY
| Commentary : The Japanese yen strengthens sharply in early Asian hours on robust average cash earnings data and slips back below 105.00 mark. In a Day chart, triple EMA still confirm the bullish trend, simply suggesting a short term trend reversal is there. A sustained close below 104.55 will check further supports. Alternatively, reversal from here will drag the parity back above 105.50 mark. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 105.50 | S1 | 104.55 |
| R2 | 105.94 | S2 | 104.22 |
| R3 | 106.50 | S3 | 103.60 |
| R4 | 106.88 | S4 | 102.92 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 105.218 | Sell Below : 104.812 | ||
| – Take Profit : 105.479 | – Take Profit : 104.559 | ||
| – Stop Loss : 104.944 | – Stop Loss : 105.063 | ||
GOLD
| Commentary : Gold appreciates on Tuesday and breaks key resistances at $1,840 mark. The pair made intraday high at $1,843 and low at $1,828 mark. Today during U.S. session, U.S. Former President Trump’s second impeachment is scheduled; such event may bring sudden volatility in the market. On a Day Chart, triple EMA signals the bearish trend, while on H1 chart, EMA confirms the bullish trend for the time being. The key boundaries for the parity will be $1,847 to $1,827 mark. A consistent close of either side will provide further directions to the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1847 | S1 | 1827 |
| R2 | 1854 | S2 | 1820 |
| R3 | 1862 | S3 | 1815 |
| R4 | 1870 | S4 | 1807 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1847.03 | Sell Below : 1831.01 | ||
| – Take Profit : 1853.97 | – Take Profit : 1821.94 | ||
| – Stop Loss : 1838.71 | – Stop Loss : 1842.96 | ||
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