Commentary : The Aussie trades flat on Wednesday and stabilizes above $0.7200 mark. Today pair made intraday high at $0.7227 and low at $0.7211 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.7240 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7202 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
0.7240
S1
0.7202
R2
0.7276
S2
0.7176
R3
0.7299
S3
0.7140
R4
0.7324
S4
0.7115
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 0.7240
Sell Below : 0.7202
– Take Profit : 0.7271
– Take Profit : 0.7176
– Stop Loss : 0.7218
– Stop Loss : 0.7223
EUR / USD
Commentary : The Euro falls gradually ahead of German IFO Business Climate Data and hovers around $1.1250 mark. Today pair made intraday high at $1.1250 and low at $1.1235. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1268 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
Down Trend
Moving Average (Period=75)
Below MA
RSI (Period=26)
Below RSI LEVEL 50
FIBO Levels
PIVOT
–
R1
1.1250
S1
1.1215
R2
1.1275
S2
1.1172
R3
1.1315
S3
1.1156
R4
1.1340
S4
1.1137
BUY
SELL
Trade Idea
Trade Idea
Buy Above : 1.1257
Sell Below : 1.1215
– Take Profit : 1.1280
– Take Profit : 1.1181
– Stop Loss : 1.1230
– Stop Loss : 1.1242
GBP / USD
Commentary : The sterling trades flat on Wednesday and remains well supported below $1.3400 mark. Today pair made intraday high at $1.3383 and low at $1.3366 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.3385 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3340 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
1.3385
S1
1.3340
R2
1.3412
S2
1.3318
R3
1.3455
S3
1.3287
R4
1.3482
S4
1.3265
BUY
SELL
Buy Above : 1.3392
Sell Below : 1.3355
– Take Profit : 1.3415
– Take Profit : 1.3322
– Stop Loss : 1.3362
– Stop Loss : 1.3376
USD / CAD
Commentary : The CAD enjoys roller coaster movement and consolidates around 1.2700 mark. The pair made intraday high at 1.2691 and low at 1.2660 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 1.2667 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
1.2718
S1
1.2667
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 : 1.2700
Sell Below : 1.2661
– Take Profit : 1.2728
– Take Profit : 1.2632
– Stop Loss : 1.2676
– Stop Loss : 1.2691
USD / JPY
Commentary : The Japanese yen remains slightly volatile after Flash Manufacturing PMI data and remains well supported above 115.00 mark. The pair made intraday high at 115.23 and low at 115.00 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 114.60 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 : 115.25
Sell Below : 114.81
– Take Profit : 115.57
– Take Profit : 114.51
– Stop Loss : 114.97
– Stop Loss : 115.12
GOLD
Commentary : Gold weakened sharply in previous session and takes halt around $1,780 mark. Today pair made intraday high at $1,796 and low at $1,788 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1,798 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,782 will check further supports.
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