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SpanishDAILY ANALYSIS REPORT APRIL-08-2021
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 | 0.7650 | ||
| – Take Profit | 0.7672 | ||
| – Stop Loss | 0.7620 | ||
| Sell Below | 0.7602 | ||
| – Take Profit | 0.7580 | ||
| – Stop Loss | 0.7640 | ||
| Commentary : The Aussie exhibits range bound movement and stabilizes above $0.76 mark. The pair made intraday high at $0.7635 and low at $0.7602 mark. Today triple EMA with a day chart and H1 chart confirm bearish trend for the time being. A sustained close above $0.7645 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 | 1.1862 |
| R2 | 1.1922 | S2 | 1.1828 |
| R3 | 1.1962 | S3 | 1.1790 |
| R4 | 1.2004 | S4 | 1.1758 |
| Conclusion | |||
| Buy Above | 1.1890 | ||
| – Take Profit | 1.1922 | ||
| – Stop Loss | 1.1850 | ||
| Sell Below | 1.1860 | ||
| – Take Profit | 1.1832 | ||
| – Stop Loss | 1.1890 | ||
| Commentary : The euro trades in narrow range ahead of ECB’s Monetary Policy Meeting Accounts. The pair made intraday high at $1.1875 and low at $1.1860. Today triple EMA on a day chart suggest bearish trend while H1 chart signal slightly bullish trend for the time being. A consistent close above $1.1890 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1862 on H1 will check further supports. | |||
GBP / USD
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RIS (Period=26) | Above RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 1.3790 | S1 | 1.3730 |
| R2 | 1.3833 | S2 | 1.3706 |
| R3 | 1.3860 | S3 | 1.3680 |
| R4 | 1.3915 | S4 | 1.3648 |
| Conclusion | |||
| Buy Above | 1.3800 | ||
| – Take Profit | 1.3833 | ||
| – Stop Loss | 1.3770 | ||
| Sell Below | 1.3730 | ||
| – Take Profit | 1.3705 | ||
| – Stop Loss | 1.3770 | ||
| Commentary: The pound trades marginally higher on Thursday and trading around $1.3760 mark. The pair made intraday high at $1.3767 and low at $1.3725 mark. A day chart is slightly bullish while H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1.3790 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1.3730 will check key supports too. | |||
USD / CAD
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RIS (Period=26) | Below RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 1.2626 | S1 | 1.2580 |
| R2 | 1.2640 | S2 | 1.2539 |
| R3 | 1.2667 | S3 | 1.2500 |
| R4 | 1.2690 | S4 | 1.2468 |
| Conclusion | |||
| Buy Above | 1.2627 | ||
| – Take Profit | 1.2655 | ||
| – Stop Loss | 1.2590 | ||
| Sell Below | 1.2580 | ||
| – Take Profit | 1.2550 | ||
| – Stop Loss | 1.2626 | ||
| Commentary: The Canadian dollar exhibits range bound movement on Thursday and touches 1.2627 mark in early Asia. A day chart confirms bearish trend in long run while H1 chart signals up trend for the time being. A sustained close above 1.2626 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2580 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 | 109.90 | ||
| – Take Profit | 110.22 | ||
| – Stop Loss | 109.50 | ||
| Sell Below | 109.50 | ||
| – Take Profit | 109.27 | ||
| – Stop Loss | 109.85 | ||
| Commentary : The Japanese yen trades marginally higher after robust current account data. The pair made intraday high at 109.90 and low at 109.65 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 | 1754 | ||
| – Stop Loss | 1737 | ||
| Sell Below | 1736 | ||
| – Take Profit | 1730 | ||
| – Stop Loss | 1745 | ||
| Commentary : The gold strengthens sharply on Thursday and touches $1,745 mark in Asian hours. Later today U.S. Fed Chair Powell’s Speech is schedule. Powell is due to participate in a panel discussion about the global economy at a virtual International Monetary Fund Seminar. Pair made intraday high at $1,745 and low $1,733 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. | |||
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