Commentary : The Aussie spikes down in early Asia and touches $0.7216 mark, lowest level since Oct 2021. Today pair made intraday high at $0.7236 and low at $0.7216 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.7250 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7220 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
0.7250
S1
0.7220
R2
0.7276
S2
0.7200
R3
0.7299
S3
0.7176
R4
0.7324
S4
0.7140
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7240
Sell Below : 0.7209
– Take Profit : 0.7265
– Take Profit : 0.7183
– Stop Loss : 0.7215
– Stop Loss : 0.7236
EUR / USD
Commentary : The Euro depreciated sharply in previous session and today starts a new day on a flat note ahead of Flash PMI results. Today pair made intraday high at $1.1243 and low at $1.1226. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1248 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1215 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
1.1248
S1
1.1215
R2
1.1290
S2
1.1172
R3
1.1315
S3
1.1156
R4
1.1340
S4
1.1137
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.1248
Sell Below : 1.1215
– Take Profit : 1.1278
– Take Profit : 1.1181
– Stop Loss : 1.1227
– Stop Loss : 1.1242
GBP / USD
Commentary : The sterling falls gradually against U.S. dollar and slips below $1.3400 mark. Today pair made intraday high at $1.3405 and low at $1.3385 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.3412 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3380 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
1.3412
S1
1.3380
R2
1.3455
S2
1.3362
R3
1.3482
S3
1.3341
R4
1.3512
S4
1.3318
BUY
SELL
Buy Above : 1.3410
Sell Below : 1.3378
– Take Profit : 1.3440
– Take Profit : 1.3350
– Stop Loss : 1.3385
– Stop Loss : 1.3402
USD / CAD
Commentary : The CAD falls on Tuesday and jumps back above 1.2700 mark. The pair made intraday high at 1.2712 and low at 1.2688 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.2718 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2670 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
1.2718
S1
1.2670
R2
1.2726
S2
1.2620
R3
1.2754
S3
1.2600
R4
1.2786
S4
1.2580
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.2712
Sell Below : 1.2676
– Take Profit : 1.2747
– Take Profit : 1.2632
– Stop Loss : 1.2685
– Stop Loss : 1.2702
USD / JPY
Commentary : The Japanese yen weakens drastically on Tuesday and hits lowest level since March 2017. The pair made intraday high at 115.09 and low at 114.73 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 115.22 on H1 chart requires for the upside rally. Alternatively, a consistent close below 114.50 on H1 chart 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
115.22
S1
114.50
R2
115.38
S2
114.12
R3
115.78
S3
113.78
R4
115.99
S4
113.55
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 115.21
Sell Below : 114.71
– Take Profit : 115.51
– Take Profit : 114.34
– Stop Loss : 114.87
– Stop Loss : 115.00
GOLD
Commentary : Gold spiked down sharply on news on Fed Chair Powell’s reappointment as Fed Governor and touched $1,802 mark. Today pair made intraday high at $1,812 and low at $1,804 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1,818 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,802 will check further supports.
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