Commentary : The Aussie falls sharply in Asian hours as Trade balance data misses expectations. The pair made intraday high at $0.7501 and low at $0.7484 mark. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7512 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7472 will check further supports.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
0.7512
S1
0.7472
R2
0.7540
S2
0.7458
R3
0.7570
S3
0.7427
R4
0.7592
S4
0.7400
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7504
Sell Below : 0.7472
– Take Profit : 0.7527
– Take Profit : 0.7442
– Stop Loss : 0.7482
– Stop Loss : 0.7501
EUR / USD
Commentary : The euro depreciates extremely against U.S. dollar and hits lowest level since April 06, 2021. Today pair made intraday high at $1.1860 and low at $1.1846. Today triple EMA on a day chart and H1 chart is bearish for the time being. A consistent close above $1.1875 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1847 on H1 chart will check further supports.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.1875
S1
1.1847
R2
1.1922
S2
1.1822
R3
1.1947
S3
1.1797
R4
1.1970
S4
1.1768
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.1868
Sell Below : 1.1838
– Take Profit : 1.1892
– Take Profit : 1.1812
– Stop Loss : 1.1845
– Stop Loss : 1.1862
GBP / USD
Commentary : The Sterling falls gradually against U.S. dollar ahead of Final manufacturing PMI results. The pair made intraday high at $1.3836 and low at $1.3810 mark. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1.3832 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3798 will check further supports.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.3832
S1
1.3781
R2
1.3848
S2
1.3755
R3
1.3876
S3
1.3738
R4
1.3905
S4
1.3708
BUY
SELL
Buy Above : 1.3838
Sell Below : 1.3797
– Take Profit : 1.3867
– Take Profit : 1.3772
– Stop Loss : 1.3808
– Stop Loss : 1.3827
USD / CAD
Commentary : The Canadian dollar moves in rigid boundaries on Thursday and hovers around 1.24 mark. Today pair made intraday high at 1.2409 and low at 1.2390 mark. Today a day chart and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2420 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2380 on H1 chart will check key supports too.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2420
S1
1.2380
R2
1.2440
S2
1.2344
R3
1.2472
S3
1.2320
R4
1.2497
S4
1.2294
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2420
Sell Below : 1.2387
– Take Profit : 1.2442
– Take Profit : 1.2365
– Stop Loss : 1.2395
– Stop Loss : 1.2409
USD / JPY
Commentary : The Japanese yen falls drastically in early Asia and touches 111.16 mark. It is the lowest level since March 2020. The pair made intraday high at 111.16 and low at 111.02 mark. The triple EMA on a day chart and H1 chart suggests up trend for the time being. A sustained close above 111.21 on H1 chart requires for the upside rally. Alternatively, a consistent close below 110.85 on H1 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
111.21
S1
110.85
R2
111.64
S2
110.62
R3
111.92
S3
110.27
R4
112.12
S4
110.10
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 111.21
Sell Below : 110.80
– Take Profit : 111.42
– Take Profit : 110.62
– Stop Loss : 110.85
– Stop Loss : 111.10
GOLD
Commentary : Gold recovers sharply from previous losses and stabilizes back above $1,770 mark ahead of U.S. ISM Manufacturing PMI data. Today pair made intraday high at $1,775 and low $1,765 mark. A day chart is bearish but H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,778 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,764 will check further supports.
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