AUD / USD
| Commentary : The Aussie exhibits range bound movement and consolidates around $0.7470 mark. The pair made intraday high at $0.7466 and low at $0.7436 mark. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7470 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7430 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 | 0.7470 | S1 | 0.7430 |
| R2 | 0.7510 | S2 | 0.7401 |
| R3 | 0.7540 | S3 | 0.7372 |
| R4 | 0.7565 | S4 | 0.7348 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7476 | Sell Below : 0.7427 | ||
| – Take Profit : 0.7501 | – Take Profit : 0.7402 | ||
| – Stop Loss : 0.7440 | – Stop Loss : 0.7464 | ||
EUR / USD
| Commentary : The euro depreciated sharply in previous session on robust U.S. inflation results and slips back below $1.1800 mark. Today pair made intraday high at $1.1783 and low at $1.1771. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1799 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1770 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 | 1.1799 | S1 | 1.1770 |
| R2 | 1.1822 | S2 | 1.1754 |
| R3 | 1.1848 | S3 | 1.1737 |
| R4 | 1.1862 | S4 | 1.1705 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1799 | Sell Below : 1.1768 | ||
| – Take Profit : 1.1825 | – Take Profit : 1.1741 | ||
| – Stop Loss : 1.1771 | – Stop Loss : 1.1792 | ||
GBP / USD
| Commentary : The Sterling trades almost flat on Wednesday ahead of U.K.’s CPI data and stabilizes above $1.3800 mark. The pair made intraday high at $1.3822 and low at $1.3801 mark. A day chart and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1.3842 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3800 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 | 1.3842 | S1 | 1.3800 |
| R2 | 1.3865 | S2 | 1.3780 |
| R3 | 1.3887 | S3 | 1.3765 |
| R4 | 1.3920 | S4 | 1.3738 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3840 | Sell Below : 1.3800 | ||
| – Take Profit : 1.3868 | – Take Profit : 1.377 | ||
| – Stop Loss : 1.3805 | – Stop Loss : 1.3832 | ||
USD / CAD
| Commentary : The Canadian dollar trades flat on Wednesday ahead of BoC’s Interest Rate Decision and hovers around 1.25 mark. Today pair made intraday high at 1.2525 and low at 1.2493 mark. Today a day chart is up while H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2530 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2478 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 | 1.2530 | S1 | 1.2478 |
| R2 | 1.2555 | S2 | 1.2440 |
| R3 | 1.257 | S3 | 1.2422 |
| R4 | 1.2599 | S4 | 1.2400 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2525 | Sell Below : 1.2482 | ||
| – Take Profit : 1.2554 | – Take Profit : 1.2442 | ||
| – Stop Loss : 1.2492 | – Stop Loss : 1.2513 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally lower on Wednesday and touches key resistances at 110.70 mark in early Asia. The pair made intraday high at 110.69 and low at 110.46 mark. The triple EMA on a day chart and H1 chart is up for the time being. A sustained close above 110.70 on H1 chart requires for the upside rally. Alternatively, a consistent close below 110.22 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 | 110.70 | S1 | 110.22 |
| R2 | 110.94 | S2 | 109.88 |
| R3 | 111.28 | S3 | 109.52 |
| R4 | 111.54 | S4 | 109.18 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 110.70 | Sell Below : 110.32 | ||
| – Take Profit : 110.94 | – Take Profit : 110.10 | ||
| – Stop Loss : 110.38 | – Stop Loss : 110.60 | ||
GOLD
| Commentary : Gold enjoyed high volatility after U.S.’s strong CPI reading and currently stabilizes above $1,810 mark. Today pair made intraday high at $1,813 and low $1,804 mark. A day chart is bearish but H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,814 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,798 will check further supports. U.S. economic calendar is empty for the day. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1814 | S1 | 1802 |
| R2 | 1819 | S2 | 1794 |
| R3 | 1825 | S3 | 1789 |
| R4 | 1831 | S4 | 1784 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1816 | Sell Below : 1804 | ||
| – Take Profit : 1821 | – Take Profit : 1796 | ||
| – Stop Loss : 1809 | – Stop Loss : 1811 | ||
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