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SpanishDAILY ANALYSIS REPORT APRIL 01 2022
AUD / USD
| Commentary : The Aussie remains slightly volatile after AIG Manufacturing Index data and stabilizes below $0.7500 mark. Today pair made intraday high at $0.7500 and low at $0.7473 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $0.7502 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7455 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 | 0.7512 | S1 | 0.7470 |
| R2 | 0.7530 | S2 | 0.7455 |
| R3 | 0.7555 | S3 | 0.7430 |
| R4 | 0.7578 | S4 | 0.7405 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7500 | Sell Below : 0.7455 | ||
| – Take Profit : 0.7538 | – Take Profit : 0.7415 | ||
| – Stop Loss : 0.7471 | – Stop Loss : 0.7490 | ||
EUR / USD
| Commentary : The euro trades almost flat on Friday ahead of Manufacturing PMI data and slips back below $1.1100 mark. The pair made intraday high at $1.1076 and low at $1.1059 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1092 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1048 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 | 1.1092 | S1 | 1.1048 |
| R2 | 1.1126 | S2 | 1.1022 |
| R3 | 1.1154 | S3 | 1.1001 |
| R4 | 1.1176 | S4 | 1.0974 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1092 | Sell Below : 1.1048 | ||
| – Take Profit : 1.1124 | – Take Profit : 1.1022 | ||
| – Stop Loss : 1.1065 | – Stop Loss : 1.107 | ||
GBP / USD
| Commentary : The Sterling trades in narrow range on Friday ahead of Manufacturing PMI data and remains well supported above $1.3100 mark. Today pair made intraday high at $1.3151 and low at $1.3121 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.3151 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3115 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 | 1.3151 | S1 | 1.3102 |
| R2 | 1.3176 | S2 | 1.3078 |
| R3 | 1.3192 | S3 | 1.3052 |
| R4 | 1.3224 | S4 | 1.3026 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3155 | Sell Below : 1.3101 | ||
| – Take Profit : 1.3190 | – Take Profit : 1.3072 | ||
| – Stop Loss : 1.3130 | – Stop Loss : 1.3124 | ||
USD / CAD
| Commentary : The CAD trades marginally higher on Friday and consolidates around 1.2500 mark. The pair made intraday high at 1.2510 and low at 1.2492 mark. Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above 1.2512 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2482 on H1 chart will check key supports too. Canada’s Manufacturing PMI data will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2512 | S1 | 1.2490 |
| R2 | 1.2530 | S2 | 1.2465 |
| R3 | 1.2555 | S3 | 1.2430 |
| R4 | 1.2572 | S4 | 1.2412 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2512 | Sell Below : 1.2470 | ||
| – Take Profit : 1.2550 | – Take Profit : 1.2438 | ||
| – Stop Loss : 1.2485 | – Stop Loss : 1.2499 | ||
USD / JPY
| Commentary : The Japanese yen depreciates in early Asia despite robust Japan’s Tankan Manufacturing and Non Manufacturing PMI data. The pair made intraday high at 122.73 and low at 121.62 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 122.85 on H1 chart requires for the upside rally. Alternatively, a consistent close below 121.70 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 | 122.85 | S1 | 121.50 |
| R2 | 123.18 | S2 | 121.22 |
| R3 | 123.55 | S3 | 121.00 |
| R4 | 123.78 | S4 | 120.72 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 122.91 | Sell Below : 122.01 | ||
| – Take Profit : 123.26 | – Take Profit : 121.60 | ||
| – Stop Loss : 122.52 | – Stop Loss : 122.52 | ||
GOLD
| Commentary : Gold moves in rigid boundaries ahead of U.S. NFP job data and hovers around key resistance at $1,938 mark. Today pair made intraday high at $1,939 and low at $1,932 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,942 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,926 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 | 1942 | S1 | 1926 |
| R2 | 1948 | S2 | 1921 |
| R3 | 1955 | S3 | 1916 |
| R4 | 1961 | S4 | 1911 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1942 | Sell Below : 1930 | ||
| – Take Profit : 1948 | – Take Profit : 1924 | ||
| – Stop Loss : 1934 | – Stop Loss : 1936 | ||
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