Commentary : The Aussie rises on Tuesday after RBA’s Monetary Policy Meeting Minutes and touches $0.7797 mark in opening hours. The pair made intraday high at $0.7797 and low at $0.7757 mark. A day chart and H1 chart confirm bullish trend for the time being. A sustained close above $0.7809 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7750 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
0.7809
S1
0.7740
R2
0.7837
S2
0.7722
R3
0.7862
S3
0.7690
R4
0.7888
S4
0.7662
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7798
Sell Below : 0.7762
– Take Profit : 0.7825
– Take Profit : 0.7732
– Stop Loss : 0.7776
– Stop Loss : 0.7780
EUR / USD
Commentary : The euro rises gradually against U.S. dollar ahead of EU’s flash GDP and trade balance data. Today pair made intraday high at $1.2169 and low at $1.2148. Today triple EMA on a day and H1 chart suggest bullish trend for the time being. A consistent close above $1.2167 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2148 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
1.2178
S1
1.2148
R2
1.2206
S2
1.2100
R3
1.2240
S3
1.2057
R4
1.2268
S4
1.2018
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2182
Sell Below : 1.2150
– Take Profit : 1.2222
– Take Profit : 1.211
– Stop Loss : 1.2160
– Stop Loss : 1.2171
GBP / USD
Commentary : The Sterling appreciates noticeably after U.K.’s Claimant Count Change Data. The released data showed that Jobless Claims have reduced sharply in U.K. and this make sterling strong against major peers. The pair made intraday high at $1.4183 and low at $1.4125 mark. A day chart as well as H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1.4190 on H1 chart will check key resistances. Alternatively, reversal from here will take the parity down below $1.4100 mark.
Indicators
H1
Trends
Up Trend
Moving Average (Period=75)
Above MA
RSI (Period=26)
Above RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.4202
S1
1.4125
R2
1.4240
S2
1.4086
R3
1.4272
S3
1.4050
R4
1.4299
S4
1.4022
BUY
SELL
Buy Above : 1.4192
Sell Below : 1.4152
– Take Profit : 1.4228
– Take Profit : 1.4122
– Stop Loss : 1.4164
– Stop Loss : 1.4185
USD / CAD
Commentary : The Canadian dollar trades extremely higher on Tuesday and hits highest level since May 01, 2015. Today pair made intraday high at 1.2073 and low at 1.2028 mark. Today a day chart and H1 chart with Triple EMA confirms bearish trend for the time being. A sustained close above 1.2098 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2000 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
1.2098
S1
1.2002
R2
1.2140
S2
1.1968
R3
1.2170
S3
1.1940
R4
1.2190
S4
1.1
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2062
Sell Below : 1.2028
– Take Profit : 1.2098
– Take Profit : 1.1997
– Stop Loss : 1.2035
– Stop Loss : 1.2056
USD / JPY
Commentary : The Japanese yen trades remains almost unchanged after lower than expected Prelim GDP results. The pair made intraday high at 109.28 and low at 109.10 mark. The triple EMA on a day chart is up while H1 chart suggests bearish trend for the time being. A sustained close above 109.30 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.99 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
109.30
S1
108.99
R2
109.55
S2
108.68
R3
109.76
S3
108.40
R4
110.10
S4
108.15
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 109.30
Sell Below : 108.99
– Take Profit : 109.55
– Take Profit : 108.72
– Stop Loss : 109.05
– Stop Loss : 109.27
GOLD
Commentary : Gold remains volatile on Tuesday after comments from FOMC members’ speeches. Today pair made intraday high at $1,873 and low $1,865 mark. A day chart and H1 chart is confirming bullish trend for the time being. A sustained close above $1,872 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,862 will check further supports.
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