Commentary: The Aussie weakens immediately after RBA’s Cash Rate Decision. The pair made intraday high at $0.7768 and low at $0.7728 mark. A day chart and H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $0.7770 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7740 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
0.7772
S1
0.7728
R2
0.7790
S2
0.7702
R3
0.7826
S3
0.7677
R4
0.7854
S4
0.7638
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7770
Sell Below : 0.7720
– Take Profit : 0.7792
– Take Profit : 0.7695
– Stop Loss : 0.7732
– Stop Loss : 0.7758
EUR / USD
Commentary: The euro rises gradually against U.S dollar and remains well supported above $1.22 mark. Today pair made intraday high at $1.2236 and low at $1.2223. Today triple EMA on a day chart and H1 chart suggest up trend for the time being. A consistent close above $1.2258 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2205 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
1.2258
S1
1.2205
R2
1.2290
S2
1.2176
R3
1.2323
S3
1.2132
R4
1.2357
S4
1.2100
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2240
Sell Below : 1.2199
– Take Profit : 1.2258
– Take Profit : 1.2174
– Stop Loss : 1.2210
– Stop Loss : 1.2231
GBP / USD
Commentary: The Canadian dollar rises slightly on Tuesday and hovers around key support at 1.2040 mark. Today pair made intraday high at 1.2066 and low at 1.2046 mark. Today a day and H1 chart with Triple EMA confirms bearish trend for the time being. A sustained close above 1.2060 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2040 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
1.4267
S1
1.4190
R2
1.4296
S2
1.4170
R3
1.4322
S3
1.4138
R4
1.4348
S4
1.4115
BUY
SELL
Buy Above : 1.4251
Sell Below : 1.4197
– Take Profit : 1.4280
– Take Profit : 1.4171
– Stop Loss : 1.4215
– Stop Loss : 1.4240
USD / CAD
Commentary :
Indicators
H1
Trends
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2060
S1
1.2040
R2
1.2090
S2
1.2015
R3
1.2126
S3
1.2000
R4
1.2154
S4
1.1973
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2066
Sell Below : 1.2028
– Take Profit : 1.2095
– Take Profit : 1.2003
– Stop Loss : 1.2045
– Stop Loss : 1.2054
USD / JPY
Commentary: The Japanese yen trades marginally higher on Tuesday on strong manufacturing PMI results. The pair made intraday high at 109.59 and low at 109.33 mark. The triple EMA on a day chart is up but H1 chart suggest bearish trend for the time being. A sustained close above 109.57 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.20 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
109.57
S1
109.15
R2
109.76
S2
108.82
R3
110.22
S3
108.60
R4
110.52
S4
108.36
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 109.60
Sell Below : 109.28
– Take Profit : 109.87
– Take Profit : 109.00
– Stop Loss : 109.32
– Stop Loss : 109.54
GOLD
Commentary: Gold appreciates on Tuesday and touches $1,914 mark in Asian hours. Today pair made intraday high at $1,914 and low $1,905 mark. A day chart and H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above $1,919 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,902 will check further supports.
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