Commentary : The Aussie rises in early Asian hours and hovers around $0.7550 mark ahead of Australia’s Cash Rate Decision. The pair made intraday high at $0.7553 and low at $0.7524 mark. A day chart is bearish but H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7573 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7522 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
0.7573
S1
0.7522
R2
0.7590
S2
0.7499
R3
0.7620
S3
0.7458
R4
0.7648
S4
0.7440
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7573
Sell Below : 0.7522
– Take Profit : 0.7598
– Take Profit : 0.7502
– Stop Loss : 0.7532
– Stop Loss : 0.7550
EUR / USD
Commentary : The euro trades marginally higher in early Asia ahead of German ZEW Economic Sentiment data and hovers around $1.1870 mark. Today pair made intraday high at $1.1870 and low at $1.1858. Today triple EMA on a day chart is down while H1 chart suggest up trend for the time being. A consistent close above $1.1882 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1852 on H1 chart 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
1.1882
S1
1.1852
R2
1.1912
S2
1.1822
R3
1.1947
S3
1.1797
R4
1.1982
S4
1.1768
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.1885
Sell Below : 1.1851
– Take Profit : 1.1909
– Take Profit : 1.1821
– Stop Loss : 1.1855
– Stop Loss : 1.1878
GBP / USD
Commentary : The Sterling appreciates on Tuesday and stabilizes around $1.3880 mark. Markets eye U.K.’s Construction PMI data for the further directions. The pair made intraday high at $1.3886 and low at $1.3835 mark. A day chart is down while H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.3901 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3852 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
1.3901
S1
1.3852
R2
1.3939
S2
1.3822
R3
1.3965
S3
1.3798
R4
1.3981
S4
1.3776
BUY
SELL
Buy Above : 1.3901
Sell Below : 1.3857
– Take Profit : 1.3927
– Take Profit : 1.3832
– Stop Loss : 1.3865
– Stop Loss : 1.3882
USD / CAD
Commentary: The Canadian dollar erases previous loss against U.S. dollar and remains well supported below 1.2350 mark. Today pair made intraday high at 1.2346 and low at 1.2321 mark. Today a day chart is up but H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2350 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2310 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
1.2350
S1
1.2310
R2
1.2381
S2
1.2285
R3
1.2400
S3
1.2262
R4
1.2426
S4
1.2240
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2342
Sell Below : 1.2310
– Take Profit : 1.2367
– Take Profit : 1.2280
– Stop Loss : 1.2315
– Stop Loss : 1.2341
USD / JPY
Commentary: The Japanese yen trades slightly higher on Tuesday after mixed economic data. The pair made intraday high at 110.98 and low at 110.78 mark. The triple EMA on a day chart is up while H1 chart suggests down trend for the time being. A sustained close above 111.15 on H1 chart requires for the upside rally. Alternatively, a consistent close below 110.70 on H1 will check further key supports.
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
111.15
S1
110.70
R2
111.54
S2
110.52
R3
111.72
S3
110.27
R4
111.99
S4
110.01
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 111.05
Sell Below : 110.70
– Take Profit : 111.27
– Take Profit : 110.48
– Stop Loss : 110.76
– Stop Loss : 110.96
GOLD
Commentary: Gold starts a new day on a positive note and touches $1,799 mark in Asian hours. Today pair made intraday high at $1,799 and low $1,790 mark. A day chart is bearish but H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above $1,804 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,789 will check further supports. Traders eye U.S. ISM Services PMI data for further directions.
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