Commentary : The Aussie trades flat on Wednesday and slips back below $0.77 mark. The pair made intraday high at $0.7694 and low at $0.7682 mark. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7722 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7675 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
0.7722
S1
0.7675
R2
0.7740
S2
0.7640
R3
0.7778
S3
0.7622
R4
0.7803
S4
0.7590
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7705
Sell Below : 0.7671
– Take Profit : 0.7728
– Take Profit : 0.7648
– Stop Loss : 0.7675
– Stop Loss : 0.7702
EUR / USD
Commentary :The euro trades marginally lower on Wednesday and trading around $1.2120 mark. Today pair made intraday high at $1.2128 and low at $1.2119. Today triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A consistent close above $1.2132 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2096 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
1.2132
S1
1.2096
R2
1.2157
S2
1.2062
R3
1.2176
S3
1.2037
R4
1.2205
S4
1.2006
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2132
Sell Below : 1.2098
– Take Profit : 1.2149
– Take Profit : 1.2068
– Stop Loss : 1.2102
– Stop Loss : 1.2128
GBP / USD
Commentary : The Sterling trades in stiff boundaries ahead of U.K.’s Inflation data and remains well supported below $1.4100 mark. The pair made intraday high at $1.4085 and low at $1.4076 mark. A day chart suggests bullish trend but H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1.4105 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4041 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
1.4105
S1
1.4065
R2
1.4127
S2
1.4040
R3
1.4156
S3
1.4001
R4
1.4190
S4
1.3978
BUY
SELL
Buy Above : 1.4100
Sell Below : 1.4060
– Take Profit : 1.4128
– Take Profit : 1.4038
– Stop Loss : 1.4068
– Stop Loss : 1.4093
USD / CAD
Commentary : he Canadian dollar falls gradually against U.S. dollar ahead of CPI data and hovers around key resistance at 1.2190 mark. Today pair made intraday high at 1.2187 and low at 1.2175 mark. Today a day chart is bearish but H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above 1.2202 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2175 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
1.2202
S1
1.2175
R2
1.2226
S2
1.2132
R3
1.2247
S3
1.2100
R4
1.2276
S4
1.2068
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2202
Sell Below : 1.2160
– Take Profit : 1.2238
– Take Profit : 1.2131
– Stop Loss : 1.2173
– Stop Loss : 1.2197
USD / JPY
Commentary : The Japanese yen trades marginally lower on Wednesday as Core Machinery Orders and Trade Balance data miss the expectations. The pair made intraday high at 110.14 and low at 110.01 mark. The triple EMA on a day and H1 chart suggests up trend for the time being. A sustained close above 110.30 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.85 on H1 will check further key supports.
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