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SpanishDAILY ANALYSIS REPORT APRIL 07 2022
AUD / USD
| Commentary : The Aussie weakens sharply in early Asia as AIG Services Index and Trade Balance data miss expectations. Today pair made intraday high at $0.7518 and low at $0.7482 mark. A day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7520 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7470 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 | 0.7530 | S1 | 0.7470 |
| R2 | 0.7555 | S2 | 0.7440 |
| R3 | 0.7576 | S3 | 0.7412 |
| R4 | 0.7599 | S4 | 0.7491 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7502 | Sell Below : 0.7470 | ||
| – Take Profit : 0.7530 | – Take Profit : 0.7450 | ||
| – Stop Loss : 0.7478 | – Stop Loss : 0.7499 | ||
EUR / USD
| Commentary : The euro trades flat on Thursday ahead of ECB’s Monetary Policy Meeting Accounts and trading around $1.0900 mark. The pair made intraday high at $1.0912 and low at $1.0888 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0940 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0870 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 | 1.0940 | S1 | 1.0870 |
| R2 | 1.0972 | S2 | 1.0840 |
| R3 | 1.0999 | S3 | 1.0812 |
| R4 | 1.1026 | S4 | 1.0800 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0938 | Sell Below : 1.0870 | ||
| – Take Profit : 1.0972 | – Take Profit : 1.0840 | ||
| – Stop Loss : 1.0905 | – Stop Loss : 1.0899 | ||
GBP / USD
| Commentary : The Sterling starts a new day on a flat note and remains well supported above $1.3050 mark. Today pair made intraday high at $1.3083 and low at $1.3060 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.3099 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3050 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 | 1.3099 | S1 | 1.3050 |
| R2 | 1.3112 | S2 | 1.3021 |
| R3 | 1.3130 | S3 | 1.3001 |
| R4 | 1.3176 | S4 | 1.2978 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3090 | Sell Below : 1.3067 | ||
| – Take Profit : 1.3118 | – Take Profit : 1.3045 | ||
| – Stop Loss : 1.3070 | – Stop Loss : 1.3088 | ||
USD / CAD
| Commentary : The CAD fell sharply in previous session despite robust Ivey PMI data and jumps back above 1.2550 mark. The pair made intraday high at 1.2568 and low at 1.2531 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2570 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2540 on H1 chart will check key supports too. Canada’s Economic Calendar will remain empty for the day. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2570 | S1 | 1.2540 |
| R2 | 1.2599 | S2 | 1.2510 |
| R3 | 1.2626 | S3 | 1.2490 |
| R4 | 1.2650 | S4 | 1.2472 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2570 | Sell Below : 1.2540 | ||
| – Take Profit : 1.259 | – Take Profit : 1.2512 | ||
| – Stop Loss : 1.2550 | – Stop Loss : 1.2568 | ||
USD / JPY
| Commentary : The Japanese yen trades in narrow range on Thursday and remains well supported above 123.50 mark. The pair made intraday high at 123.93 and low at 123.46 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 123.93 on H1 chart requires for the upside rally. Alternatively, a consistent close below 123.30 on H1 chart will check further key supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 124.12 | S1 | 123.30 |
| R2 | 124.28 | S2 | 123.00 |
| R3 | 124.46 | S3 | 122.81 |
| R4 | 124.78 | S4 | 122.55 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 123.98 | Sell Below : 123.41 | ||
| – Take Profit : 124.32 | – Take Profit : 123.18 | ||
| – Stop Loss : 123.62 | – Stop Loss : 123.76 | ||
GOLD
| Commentary : Gold remained highly volatile in previous session and currently trading around $1,920 mark. Today pair made intraday high at $1,927 and low at $1,920 mark. A triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above $1,930 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,915 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 | 1931 | S1 | 1915 |
| R2 | 1938 | S2 | 1909 |
| R3 | 1944 | S3 | 1904 |
| R4 | 1950 | S4 | 1898 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1930 | Sell Below : 1915 | ||
| – Take Profit : 1937 | – Take Profit : 1908 | ||
| – Stop Loss : 1924 | – Stop Loss : 1921 | ||
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