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SpanishDAILY ANALYSIS REPORT APRIL-07-2021
AUD / USD
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RIS (Period=26) | Above RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 0.7672 | S1 | 0.7590 |
| R2 | 0.7690 | S2 | 0.7570 |
| R3 | 0.7722 | S3 | 0.7520 |
| R4 | 0.7740 | S4 | 0.7488 |
| Conclusion | |||
| Buy Above | 0.7672 | ||
| – Take Profit | 0.7690 | ||
| – Stop Loss | 0.7640 | ||
| Sell Below | 0.7630 | ||
| – Take Profit | 0.7600 | ||
| – Stop Loss | 0.7662 | ||
| Commentary : The Aussie remained highly volatile in previous session after RBA’s Cash Rate Decision. Pair failed to fall below $0.76 mark and currently stabilizes above $0.7650 mark. Today triple EMA with day chart is bearish in long run while H1 chart confirms up trend for the time being. A sustained close above $0.7672 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7590 will check further supports. | |||
EUR / USD
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RIS (Period=26) | Above RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 1.1890 | S1 | 1.1830 |
| R2 | 1.1922 | S2 | 1.1782 |
| R3 | 1.1962 | S3 | 1.1750 |
| R4 | 1.2004 | S4 | 1.1690 |
| Conclusion | |||
| Buy Above | 1.1890 | ||
| – Take Profit | 1.1922 | ||
| – Stop Loss | 1.1850 | ||
| Sell Below | 1.1830 | ||
| – Take Profit | 1.1790 | ||
| – Stop Loss | 1.1870 | ||
| Commentary : The euro exhibits range bound movement and consolidates around $1.1870 mark. The pair made intraday high at $1.1878 and low at $1.1865. Today triple EMA on a day chart suggest bearish trend while H1 chart signal slightly up trend for the time being. A consistent close above $1.1890 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1830 on H1 will check further supports. | |||
GBP / USD
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RIS (Period=26) | Below RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 1.3870 | S1 | 1.3790 |
| R2 | 1.3922 | S2 | 1.3776 |
| R3 | 1.3954 | S3 | 1.3740 |
| R4 | 1.3976 | S4 | 1.3706 |
| Conclusion | |||
| Buy Above | 1.3870 | ||
| – Take Profit | 1.3900 | ||
| – Stop Loss | 1.3840 | ||
| Sell Below | 1.3800 | ||
| – Take Profit | 1.3776 | ||
| – Stop Loss | 1.3840 | ||
| Commentary: The pound weakens extremely against U.S. dollar in previous session and currently stabilizes below $1.3850 mark. The pair made intraday high at $1.3839 and low at $1.3813 mark. A day chart is slightly bullish while H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1.3870 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1.3790 will check key supports too. | |||
USD / CAD
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RIS (Period=26) | Above RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 1.2593 | S1 | 1.2560 |
| R2 | 1.2610 | S2 | 1.2539 |
| R3 | 1.2640 | S3 | 1.2500 |
| R4 | 1.2667 | S4 | 1.2468 |
| Conclusion | |||
| Buy Above | 1.2593 | ||
| – Take Profit | 1.2610 | ||
| – Stop Loss | 1.2560 | ||
| Sell Below | 1.2539 | ||
| – Take Profit | 1.2500 | ||
| – Stop Loss | 1.2593 | ||
| Commentary : The Canadian dollar trades marginally lower on Wednesday and hovers around key resistance at 1.2593 mark. A day chart confirms bearish trend in long run while H1 chart signals up trend for the time being. A sustained close above 1.2593 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2560 will check key supports too. | |||
USD / JPY
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RIS (Period=26) | Below RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 110.22 | S1 | 109.57 |
| R2 | 110.70 | S2 | 109.00 |
| R3 | 111.96 | S3 | 108.62 |
| R4 | 111.44 | S4 | 108.40 |
| Conclusion | |||
| Buy Above | 110.00 | ||
| – Take Profit | 110.22 | ||
| – Stop Loss | 109.68 | ||
| Sell Below | 109.57 | ||
| – Take Profit | 109.24 | ||
| – Stop Loss | 109.90 | ||
| Commentary: The Japanese yen reverses previous loss against U.S. dollar and slips back below 110.00 mark. The pair made intraday high at 109.89 and low at 109.57 mark. The triple EMA on a day chart confirms up trend and H1 chart confirm bearish trend for the time being. A sustained close above 109.90 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.50 on H1 will check key supports. | |||
GOLD
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RIS (Period=26) | Above RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 1748 | S1 | 1732 |
| R2 | 1754 | S2 | 1728 |
| R3 | 1762 | S3 | 1722 |
| R4 | 1768 | S4 | 1715 |
| Conclusion | |||
| Buy Above | 1745 | ||
| – Take Profit | 1752 | ||
| – Stop Loss | 1730 | ||
| Sell Below | 1728 | ||
| – Take Profit | 1721 | ||
| – Stop Loss | 1740 | ||
| Commentary : The gold enjoys roller coaster movement and hovers around $1,740 mark. Pair made intraday high at $1,744 and low $1,735 mark. A day chart with triple EMA confirms bearish trend while H1 chart with triple EMA confirms up trend for the time being. A sustained close above $1,745 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,732 will check further supports. Later today U.S. will release trade balance and FOMC meeting minutes result. It will provide further directions to the parity. | |||
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