Commentary : The Aussie weakens slightly after RBA’s Cash Rate Decision. The pair made intraday high at $0.7763 and low at $0.7735 mark. A day chart confirms up trend in long run while on H1 chart triple EMA might crossover successfully to confirm bearish trend in short run. A sustained close above $0.7770 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7722 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
0.7770
S1
0.7722
R2
0.7790
S2
0.7702
R3
0.7812
S3
0.7677
R4
0.7832
S4
0.7640
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7770
Sell Below : 0.7722
– Take Profit : 0.7802
– Take Profit : 0.7696
– Stop Loss : 0.7735
– Stop Loss : 0.7761
EUR / USD
Commentary : The euro reverses previous gain against U.S. dollar and hovers around $1.2050 mark. Today pair made intraday high at $1.2063 and low at $1.2042. Today triple EMA on a day chart is up while H1 chart confirms down trend for the time being. A consistent close above $1.2067 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2016 on H1 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
1.2067
S1
1.2001
R2
1.2098
S2
1.1976
R3
1.2122
S3
1.1948
R4
1.2148
S4
1.1920
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2070
Sell Below : 1.2020
– Take Profit : 1.2098
– Take Profit : 1.1998
– Stop Loss : 1.2032
– Stop Loss : 1.2065
GBP / USD
Commentary : The pound depreciates on Tuesday ahead of U.K.’s Final Manufacturing PMI results. The pair made intraday high at $1.3911 and low at $1.3873 mark. Today a day chart is bullish while H1 chart with triple EMA might give crossover to confirm the bearish trend. A sustained close above $1.3927 requires for the upside rally. Alternatively, a consistent close below $1.3850 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
1.3927
S1
1.3850
R2
1.3954
S2
1.3802
R3
1.3978
S3
1.3780
R4
1.4001
S4
1.3742
BUY
SELL
Buy Above : 1.3921
Sell Below : 1.3854
– Take Profit : 1.3954
– Take Profit : 1.3810
– Stop Loss : 1.3890
– Stop Loss : 1.3890
USD / CAD
Commentary : The Canadian dollar moves in stiff boundaries and remains well supported below 1.23 mark. Today pair made intraday high at 1.2298 and low at 1.2273 mark. A day chart and H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2315 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2270 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
1.2315
S1
1.2270
R2
1.2343
S2
1.2255
R3
1.2371
S3
1.2210
R4
1.2392
S4
1.2178
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2315
Sell Below : 1.2280
– Take Profit : 1.2343
– Take Profit : 1.2255
– Stop Loss : 1.2290
– Stop Loss : 1.2312
USD / JPY
Commentary : The Japanese yen trades marginally lower against U.S. dollar and stabilizes above 109.00 mark. The pair made intraday high at 109.26 and low at 109.00 mark. The triple EMA on a day chart is bullish while H1 chart suggest down trend for the time being. A sustained close above 109.38 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.93 on H1 will check key supports.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
109.38
S1
108.93
R2
109.61
S2
108.65
R3
109.82
S3
108.40
R4
110.22
S4
108.22
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 109.40
Sell Below : 108.90
– Take Profit : 109.65
– Take Profit : 108.67
– Stop Loss : 109.00
– Stop Loss : 109.32
GOLD
Commentary : Gold depreciates on Tuesday and stabilizes below $1,790 mark. Today pair made intraday high at $1,793 and low $1,784 mark. A day chart as well as H1 chart is confirming Up Trend for the time being. A sustained close above $1,793 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,778 will check further supports. Later today, U.S. will release factory orders data.
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