Commentary : The Aussie enjoys roller coaster movement after RBA’s Cash Rate Decision released yesterday. The pair made intraday high at $0.7773 and low at $0.7745 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
0.7740
R2
0.7790
S2
0.7720
R3
0.7826
S3
0.7677
R4
0.7854
S4
0.7638
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7772
Sell Below : 0.7740
– Take Profit : 0.7795
– Take Profit : 0.7712
– Stop Loss : 0.7747
– Stop Loss : 0.7765
EUR / USD
Commentary : The euro remains almost unchanged against U.S. dollar and stabilizes above $1.2200 mark. Today pair made intraday high at $1.2226 and low at $1.2211. Today triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A consistent close above $1.2232 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2212 on H1 chart will check further supports.
Indicators
H1
Trends
DownTrend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2232
S1
1.2205
R2
1.2258
S2
1.2176
R3
1.2290
S3
1.2132
R4
1.2323
S4
1.2100
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2238
Sell Below : 1.2205
– Take Profit : 1.2270
– Take Profit : 1.2172
– Stop Loss : 1.2210
– Stop Loss : 1.2233
GBP / USD
Commentary : The Sterling erases previous gain against U.S. dollar and slips back below $1.4200 mark. The pair made intraday high at $1.4164 and low at $1.4143 mark. A day chart is bullish but H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.4178 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4138 will check further supports.
Indicators
H1
Trends
DownTrend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.4190
S1
1.4138
R2
1.4217
S2
1.4115
R3
1.4250
S3
1.4080
R4
1.4282
S4
1.4047
BUY
SELL
Buy Above : 1.4170
Sell Below : 1.4135
– Take Profit : 1.4198
– Take Profit : 1.4105
– Stop Loss : 1.4142
– Stop Loss : 1.4167
USD / CAD
Commentary : The Canadian dollar remained highly volatile in previous session after Canada’s GDP and manufacturing data released with flat to positive numbers. Today pair made intraday high at 1.2076 and low at 1.2056 mark. Today a day is down but H1 chart with Triple EMA confirms bullish trend for the time being. A sustained close above 1.2076 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2050 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
1.2076
S1
1.2050
R2
1.2090
S2
1.2022
R3
1.2126
S3
1.2000
R4
1.2154
S4
1.1973
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2080
Sell Below : 1.2039
– Take Profit : 1.2106
– Take Profit : 1.2017
– Stop Loss : 1.2057
– Stop Loss : 1.2068
USD / JPY
Commentary: The Japanese yen trades marginally lower on Wednesday and stabilizes around 109.50 mark. The pair made intraday high at 109.65 and low at 109.38 mark. The triple EMA on a day chart is up but H1 chart suggest slightly bearish trend for the time being. A sustained close above 109.76 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.38 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
109.76
S1
109.38
R2
110.22
S2
108.82
R3
110.52
S3
108.60
R4
110.76
S4
108.36
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 109.71
Sell Below : 109.32
– Take Profit : 110.02
– Take Profit : 109.02
– Stop Loss : 109.38
– Stop Loss : 109.65
GOLD
Commentary : Gold weakens on Wednesday as U.S. released ISM manufacturing PMI data with strong numbers. Today U.S. calendar is almost empty except few speeches from FOMC members are scheduled. Today pair made intraday high at $1,902 and low $1,895 mark. A day chart is up but H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1,904 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,895 will check further supports.
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