Commentary : The Aussie enjoys roller coaster movement after RBA’s cash rate decision. Today Aussie strengthens and stabilizes above $0.77 mark. The pair made intraday high at $0.7737 and low at $0.7704 mark. A day chart confirms up trend in long run while on H1 chart triple EMA confirms bearish trend in short run. A sustained close above $0.7750 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7702 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
0.7754
S1
0.7702
R2
0.7770
S2
0.7677
R3
0.7790
S3
0.7640
R4
0.7812
S4
0.7600
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7742
Sell Below : 0.7702
– Take Profit : 0.7765
– Take Profit : 0.7678
– Stop Loss : 0.7710
– Stop Loss : 0.7730
EUR / USD
Commentary : The euro appreciates against U.S. dollar and stabilizes above $1.2000 mark. Today pair made intraday high at $1.2026 and low at $1.2008. Today triple EMA on a day chart is up while H1 chart confirms down trend for the time being. A consistent close above $1.2040 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2001 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
1.2040
S1
1.2001
R2
1.2067
S2
1.1976
R3
1.2098
S3
1.1948
R4
1.2122
S4
1.1920
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2030
Sell Below : 1.1996
– Take Profit : 1.2058
– Take Profit : 1.1973
– Stop Loss : 1.2003
– Stop Loss : 1.2025
GBP / USD
Commentary : The pound appreciates on Wednesday and consolidates around $1.3900 mark. The pair made intraday high at $1.3914 and low at $1.3882 mark. Today a day chart and H1 chart with triple EMA confirm bullish trend but current downside movement is short term trend correction only. A sustained close above $1.3927 requires for the upside rally. Alternatively, a consistent close below $1.3882 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
1.3882
R2
1.3954
S2
1.3850
R3
1.3978
S3
1.3802
R4
1.4001
S4
1.3776
BUY
SELL
Buy Above : 1.3915
Sell Below : 1.3870
– Take Profit : 1.3950
– Take Profit : 1.3840
– Stop Loss : 1.3890
– Stop Loss : 1.3906
USD / CAD
Commentary : The Canadian dollar strengthens gradually against U.S. dollar and remains well supported below 1.23 mark. Today pair made intraday high at 1.2312 and low at 1.2283 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 : 1.2310
Sell Below : 1.2280
– Take Profit : 1.2337
– Take Profit : 1.2256
– Stop Loss : 1.2285
– Stop Loss : 1.2310
USD / JPY
Commentary : The Japanese yen rises slightly on Wednesday and hovers around 109.20 mark. The pair made intraday high at 109.37 and low at 109.20 mark. The triple EMA on a day chart and H1 chart confirm bullish trend for the time being. A sustained close above 109.35 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.93 on H1 will check further key supports.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
109.35
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 : 109.00
– Take Profit : 109.65
– Take Profit : 108.77
– Stop Loss : 109.15
– Stop Loss : 109.35
GOLD
Commentary : Gold remains volatile on Wednesday ahead of U.S.’s ADP Job Results and ISM services PMI data. Today pair made intraday high at $1,783 and low $1,776 mark. A day chart is bullish but H1 chart is confirming down trend for the time being. A sustained close above $1,782 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,774 will check further supports. Later today, U.S. will release factory orders data.
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