Commentary : The Aussie exhibits range bound movement and stabilizes around $0.7520 mark. The pair made intraday high at $0.7545 and low at $0.7516 mark. A day chart and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $0.7541 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7502 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
0.7547
S1
0.7502
R2
0.7570
S2
0.7482
R3
0.7590
S3
0.7455
R4
0.7632
S4
0.7418
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7550
Sell Below : 0.7496
– Take Profit : 0.7575
– Take Profit : 0.7477
– Stop Loss : 0.7510
– Stop Loss : 0.7538
EUR / USD
Commentary : The euro trades slightly lower in early Asia and hovers around $1.1900 mark. Today pair made intraday high at $1.1920 and low at $1.1900. Today triple EMA on a day chart and H1 chart suggests bearish trend for the time being. A consistent close above $1.1922 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1880 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
1.1922
S1
1.1880
R2
1.1948
S2
1.1847
R3
1.1976
S3
1.1812
R4
1.2005
S4
1.1787
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.1923
Sell Below : 1.1886
– Take Profit : 1.1952
– Take Profit : 1.1860
– Stop Loss : 1.1894
– Stop Loss : 1.1920
GBP / USD
Commentary : The Sterling starts a new day on a lower note and stabilizes below $1.3950 mark. The pair made intraday high at $1.3937 and low at $1.3900 mark. A day chart is bearish while H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above $1.3950 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3875 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
1.3950
S1
1.3900
R2
1.3978
S2
1.3875
R3
1.4001
S3
1.3848
R4
1.4040
S4
1.3815
BUY
SELL
Buy Above : 1.3950
Sell Below : 1.3897
– Take Profit : 1.3976
– Take Profit : 1.3868
– Stop Loss : 1.3920
– Stop Loss : 1.3924
USD / CAD
Commentary : The Canadian dollar reverses previous gain against U.S. dollar and falls drastically. Today pair made intraday high at 1.2382 and low at 1.2356 mark. Today a day chart turns bullish while H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2400 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2350 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
1.2400
S1
1.2350
R2
1.2436
S2
1.2323
R3
1.2462
S3
1.2300
R4
1.2488
S4
1.2276
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2390
Sell Below : 1.2348
– Take Profit : 1.2415
– Take Profit : 1.2324
– Stop Loss : 1.2355
– Stop Loss : 1.2389
USD / JPY
Commentary : The Japanese yen falls noticeably against U.S. dollar on Tuesday and jumps back above 110.00 mark. The pair made intraday high at 110.40 and low at 110.21 mark. The triple EMA on a day chart and H1 chart suggests bullish trend for the time being. A sustained close above 110.40 on H1 chart requires for the upside rally. Alternatively, a consistent close below 110.00 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
110.40
S1
110.00
R2
110.72
S2
109.85
R3
110.94
S3
109.54
R4
111.22
S4
109.31
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 110.50
Sell Below : 110.10
– Take Profit : 110.76
– Take Profit : 109.78
– Stop Loss : 110.20
– Stop Loss : 110.41
GOLD
Commentary : Gold moves in choppy boundaries ahead of the big event for the day and that is Fed Chair Powell’s Testimony. Pair made intraday high at $1,788 and low $1,782 mark. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1,794 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,778 will check further supports.
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