Commentary : The Aussie weakens gradually against U.S. dollar in the absence of any key economic indicators. The pair made intraday high at $0.7570 and low at $0.7552 mark. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7575 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7540 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
0.7575
S1
0.7540
R2
0.7612
S2
0.7522
R3
0.7632
S3
0.7502
R4
0.7657
S4
0.7472
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7572
Sell Below : 0.7540
– Take Profit : 0.7599
– Take Profit : 0.7512
– Stop Loss : 0.7548
– Stop Loss : 0.7568
EUR / USD
Commentary : The euro exhibits range bound movement and consolidates around $1.1922 mark. Today pair made intraday high at $1.1929 and low at $1.1912. Today triple EMA on a day chart and H1 chart is bearish for the time being. Today ECB president Lagarde’s speech will provide further direction to the parity. A consistent close above $1.1947 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1902 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
1.1947
S1
1.1902
R2
1.1970
S2
1.1880
R3
1.2005
S3
1.1848
R4
1.2032
S4
1.1822
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.1940
Sell Below : 1.1902
– Take Profit : 1.1962
– Take Profit : 1.1877
– Stop Loss : 1.191
– Stop Loss : 1.1930
GBP / USD
Commentary : The Sterling falls gradually against U.S. dollar and slips back below $1.3900 mark. The pair made intraday high at $1.3883 and low at $1.3858 mark. Nothing much is scheduled for the U.K. itself. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1.3885 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3860 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
1.3885
S1
1.3837
R2
1.3902
S2
1.3802
R3
1.3927
S3
1.3780
R4
1.3976
S4
1.3754
BUY
SELL
Buy Above : 1.3886
Sell Below : 1.3850
– Take Profit : 1.3906
– Take Profit : 1.3821
– Stop Loss : 1.3855
– Stop Loss : 1.3880
USD / CAD
Commentary : The Canadian dollar weakens on Tuesday and hovers around 1.2350 mark. Today pair made intraday high at 1.2348 and low at 1.2329 mark. Today a day chart and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2363 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2320 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
1.2363
S1
1.2320
R2
1.2390
S2
1.2287
R3
1.2417
S3
1.2258
R4
1.2440
S4
1.2240
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2355
Sell Below : 1.2320
– Take Profit : 1.2380
– Take Profit : 1.2288
– Stop Loss : 1.23
– Stop Loss : 1.2341
USD / JPY
Commentary : The Japanese yen rises slightly on Tuesday as Retail Sales data meets the expectations but unemployment rose in Japan as well. The mixed economic results drag the parity down below 110.50 mark. The pair made intraday high at 110.64 and low at 110.45 mark. The triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A sustained close above 110.65 on H1 chart requires for the upside rally. Alternatively, a consistent close below 110.37 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
110.65
S1
110.37
R2
110.85
S2
110.22
R3
111.21
S3
110.00
R4
111.64
S4
109.71
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 110.65
Sell Below : 110.37
– Take Profit : 110.95
– Take Profit : 110.10
– Stop Loss : 110.40
– Stop Loss : 110.60
GOLD
Commentary : Gold continues to trade in stiff boundaries and stabilizes above $1,770 mark. Today pair made intraday high at $1,778 and low $1,774 mark. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1,786 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,770 will check further supports.
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