AUD / USD
| Commentary : The Aussie strengthens remarkably against U.S. dollar after hawkish RBA’s Monetary Policy Meeting Minutes. The pair jumps back above $0.78 mark and hits highest level since Jan 07, 2021. Key technical tool triple EMA too confirms the bullish trend in short run. A sustained close above $0.78 on a Day chart is required for the upside rally. Alternatively, reversal from here will drag the parity down to test immediate supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7820 | S1 | 0.7778 |
| R2 | 0.7878 | S2 | 0.7722 |
| R3 | 0.7940 | S3 | 0.7690 |
| R4 | 0.7967 | S4 | 0.7638 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.78123 | Sell Below : 0.77743 | ||
| – Take Profit : 0.78339 | – Take Profit : 0.77487 | ||
| – Stop Loss : 0.77931 | – Stop Loss : 0.78021 | ||
EUR / USD
| Commentary : The euro strengthens in early Asia ahead of German ZEW economic sentiment and Euro Zone’s quarterly GDP results. The pair made intraday high at $1.2150 and low at $1.2124 mark. Today the triple EMA is about to confirm the bullish trend on a Day chart while H1 chart has confirmed the uptrend in short run. The key boundaries for the parity will be $1.2170 to $1.2118 mark. A consistent break of either side on a day 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 | 1.2170 | S1 | 1.2118 |
| R2 | 1.2189 | S2 | 1.2044 |
| R3 | 1.2224 | S3 | 1.1961 |
| R4 | 1.2262 | S4 | 1.1900 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.21575 | Sell Below : 1.21284 | ||
| – Take Profit : 1.21731 | – Take Profit : 1.21098 | ||
| – Stop Loss : 1.21328 | – Stop Loss : 1.21505 | ||
GBP / USD
| Commentary : The pound strengthens sharply on Tuesday and hits highest level since April 2018. The pair touches $1.3951 mark in early Asia. The U.K. has schedules to release its inflation and retail sales data this week, which will provide further direction to the parity. Technical indicators like triple EMA and RSI confirm the bullish trend for the time being. The key range for the parity will be $1.4032 mark to $1.3900 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 | 1.3967 | S1 | 1.3900 |
| R2 | 1.4001 | S2 | 1.3845 |
| R3 | 1.4032 | S3 | 1.3767 |
| R4 | 1.4084 | S4 | 1.3738 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.39822 | Sell Below : 1.39108 | ||
| – Take Profit : 1.40261 | – Take Profit : 1.38609 | ||
| – Stop Loss : 1.39315 | – Stop Loss : 1.39760 | ||
USD / CAD
| Commentary : The Canadian dollar rises noticeably on Tuesday and touches 1.2610 mark in Asian hours. A day chart and H1 chart confirm the bearish trend in short run. A sustained close below 1.2629 requires for the downside rally. Alternatively, reversal from here will drag the parity back above 1.2700 mark. The key range for the parity will be 1.2588 to 1.2650 mark. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | BelowMA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2650 | S1 | 1.2588 |
| R2 | 1.2691 | S2 | 1.2546 |
| R3 | 1.2730 | S3 | 1.2526 |
| R4 | 1.2784 | S4 | 1.2482 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.26378 | Sell Below : 1.25903 | ||
| – Take Profit : 1.26690 | – Take Profit : 1.25648 | ||
| – Stop Loss : 1.26060 | – Stop Loss : 1.26206 | ||
USD / JPY
| Commentary : The Japanese yen weakens sharply in early Asia after BOJ Kuroda’s comments on monetary easing. The pair made intraday high at 105.53 and low at 105.26 mark. A consistent close above 105.50 will test further resistances. On the bottom side, key support is seen at 105.26 mark. A sustained break and close below it on H1 chart will drag the parity below 104.50 mark. Both RSI and triple EMA confirm the bullish trend for the time being. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 105.68 | S1 | 105.26 |
| R2 | 106.02 | S2 | 104.70 |
| R3 | 106.50 | S3 | 104.22 |
| R4 | 106.78 | S4 | 103.60 |
| BUY | SELL | ||
 | | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 105.786 | Sell Below : 105.373 | ||
| – Take Profit : 106.046 | – Take Profit : 105.183 | ||
| – Stop Loss : 105.492 | – Stop Loss : 105.626 | ||
GOLD
| Commentary : Gold trade marginally higher on Tuesday and hovers around key resistance at $1,828 mark. Today a Day chart still confirms the bearish trend while on H1 chart, triple EMA is very nearer to successful crossover to signal the uptrend in short run. One has to wait for the few more candles to check the trend in H1 chart. A sustained close above $1,832 on a Day chart requires for the upside rally. Alternatively, reversal from key resistance will drag the parity down below $1,810 mark. Later in U.S. session, U.S. economic indicator 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 | 1832 | S1 | 1815 |
| R2 | 1840 | S2 | 1807 |
| R3 | 1848 | S3 | 1798 |
| R4 | 1854 | S4 | 1785 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1829.12 | Sell Below : 1822.23 | ||
| – Take Profit : 1835.45 | – Take Profit : 1812.08 | ||
| – Stop Loss : 1822.23 | – Stop Loss : 1825.69 | ||
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