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SpanishDAILY ANALYSIS REPORT APRIL 08 2022
AUD / USD
| Commentary : The Aussie trades almost flat on Friday and trading around $0.7470 mark. Today pair made intraday high at $0.7486 and low at $0.7473 mark. A day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7499 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7461 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 | 0.7499 | S1 | 0.7450 |
| R2 | 0.7530 | S2 | 0.7422 |
| R3 | 0.7555 | S3 | 0.7401 |
| R4 | 0.7576 | S4 | 0.7478 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7496 | Sell Below : 0.7462 | ||
| – Take Profit : 0.7527 | – Take Profit : 0.7430 | ||
| – Stop Loss : 0.7471 | – Stop Loss : 0.7491 | ||
EUR / USD
| Commentary : The euro falls noticeably against U.S. dollar and remains well supported below $1.0900 mark. The pair made intraday high at $1.0882 and low at $1.0856 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0898 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0850 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 | 1.0898 | S1 | 1.0850 |
| R2 | 1.0922 | S2 | 1.0812 |
| R3 | 1.0940 | S3 | 1.0800 |
| R4 | 1.0976 | S4 | 1.0776 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0898 | Sell Below : 1.0850 | ||
| – Take Profit : 1.0930 | – Take Profit : 1.0815 | ||
| – Stop Loss : 1.0865 | – Stop Loss : 1.0876 | ||
GBP / USD
| Commentary : The Sterling exhibits range bound movement and consolidates around $1.3072 mark. Today pair made intraday high at $1.3082 and low at $1.3064 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.3090 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3050 will check further supports. U.K.’s ecpnomic Calendar will remain empty for the day. | |||
| 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 : 1.3091 | Sell Below : 1.3052 | ||
| – Take Profit : 1.3124 | – Take Profit : 1.3026 | ||
| – Stop Loss : 1.3070 | – Stop Loss : 1.3078 | ||
USD / CAD
| Commentary : The CAD trades in narrow range ahead of Canada’s Employment Change data and stabilizes below 1.2600 mark. The pair made intraday high at 1.2594 and low at 1.2577 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2599 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2570 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 | 1.2599 | S1 | 1.2570 |
| R2 | 1.2626 | S2 | 1.2540 |
| R3 | 1.2650 | S3 | 1.2510 |
| R4 | 1.2678 | S4 | 1.2490 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2599 | Sell Below : 1.2565 | ||
| – Take Profit : 1.2626 | – Take Profit : 1.2532 | ||
| – Stop Loss : 1.257 | – Stop Loss : 1.2590 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally lower despite robust Current Account data. The pair made intraday high at 124.22 and low at 123.66 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 124.12 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 | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 124.28 | S1 | 123.30 |
| R2 | 124.46 | S2 | 123.00 |
| R3 | 124.78 | S3 | 122.81 |
| R4 | 125.04 | S4 | 122.55 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 124.22 | Sell Below : 123.61 | ||
| – Take Profit : 124.65 | – Take Profit : 123.20 | ||
| – Stop Loss : 123.87 | – Stop Loss : 124.00 | ||
GOLD
| Commentary : Gold weakens slightly on Friday and slips back below $1,930 mark. Today pair made intraday high at $1,935 and low at $1,928 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,934 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 | 1937 | S1 | 1921 |
| R2 | 1942 | S2 | 1915 |
| R3 | 1948 | S3 | 1909 |
| R4 | 1954 | S4 | 1904 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1937 | Sell Below : 1924 | ||
| – Take Profit : 1944 | – Take Profit : 1916 | ||
| – Stop Loss : 1931 | – Stop Loss : 1931 | ||
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