Commentary : The Aussie remains volatile on Wednesday after Westpac Consumer Sentiment data came up with the negative numbers and comments from RBA Assistant Gov Kent. The pair made intraday high at $0.7744 and low at $0.7732 mark. A day chart and H1 chart with triple EMA confirm bullish trend for the time being but likely to give crossover for the bearish trend. Have to wait for few hours to see the trend of the parity. A sustained close above $0.7750 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7720 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
0.7750
S1
0.7720
R2
0.7772
S2
0.7702
R3
0.7799
S3
0.7680
R4
0.7827
S4
0.7650
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7755
Sell Below : 0.7720
– Take Profit : 0.7782
– Take Profit : 0.7692
– Stop Loss : 0.7730
– Stop Loss : 0.7748
EUR / USD
Commentary : The euro moves in rigid boundaries and consolidates around $1.2190 mark. Today pair made intraday high at $1.2185 and low at $1.2171. Today triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A consistent close above $1.2199 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2170 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
1.2199
S1
1.2170
R2
1.2222
S2
1.2150
R3
1.2248
S3
1.2122
R4
1.2272
S4
1.2080
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2191
Sell Below : 1.2158
– Take Profit : 1.2218
– Take Profit : 1.2137
– Stop Loss : 1.2167
– Stop Loss : 1.2185
GBP / USD
Commentary : The Sterling exhibits range bound movement and consolidates around $1.4150 mark. The pair made intraday high at $1.4168 and low at $1.4141 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $1.4173 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4138 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
1.4173
S1
1.4138
R2
1.4190
S2
1.4110
R3
1.4224
S3
1.4078
R4
1.4248
S4
1.4040
BUY
SELL
Buy Above : 1.4173
Sell Below : 1.4127
– Take Profit : 1.4198
– Take Profit : 1.4094
– Stop Loss : 1.4151
– Stop Loss : 1.4165
USD / CAD
Commentary :
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.2121
S1
1.2090
R2
1.2148
S2
1.2070
R3
1.2176
S3
1.2038
R4
1.2222
S4
1.2000
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2118
Sell Below : 1.2090
– Take Profit : 1.2142
– Take Profit : 1.2068
– Stop Loss : 1.2101
– Stop Loss : 1.21111
USD / JPY
Commentary : The Japanese yen trades almost flat on Wednesday and stabilizes around 109.50 mark. The pair made intraday high at 109.51 and low at 109.40 mark. The triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A sustained close above 109.61 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.30 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
109.61
S1
109.30
R2
109.85
S2
108.99
R3
110.32
S3
108.76
R4
110.78
S4
108.38
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 109.52
Sell Below : 109.18
– Take Profit : 109.76
– Take Profit : 108.95
– Stop Loss : 109.28
– Stop Loss : 109.48
GOLD
Commentary : Gold trades almost flat on Wednesday and stabilizes above $1,890 mark. Today U.S. Calendar is empty too. The pair made intraday high at $1,896 and low $1,891 mark. A day chart and H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1,897 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,887 will check further supports.
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