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SpanishDAILY ANALYSIS REPORT APRIL 12 2022
AUD / USD
| Commentary : The Aussie remains slightly volatile on Tuesday after NAB Business Confidence data and trading around $0.7420 mark. Today pair made intraday high at $0.7427 and low at $0.7399 mark. A day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7440 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7400 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 | 0.7440 | S1 | 0.7401 |
| R2 | 0.7461 | S2 | 0.7378 |
| R3 | 0.7499 | S3 | 0.7350 |
| R4 | 0.7530 | S4 | 0.7318 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7440 | Sell Below : 0.7399 | ||
| – Take Profit : 0.7462 | – Take Profit : 0.7365 | ||
| – Stop Loss : 0.7415 | – Stop Loss : 0.7422 | ||
EUR / USD
| Commentary : The euro trades almost flat on Tuesday ahead of German ZEW Economic Sentiment data and trading around $1.0880 mark. The pair made intraday high at $1.0887 and low at $1.0866 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0899 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0854 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 | 1.0899 | S1 | 1.0854 |
| 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 : 1.0899 | Sell Below : 1.0855 | ||
| – Take Profit : 1.0930 | – Take Profit : 1.0820 | ||
| – Stop Loss : 1.0874 | – Stop Loss : 1.0881 | ||
GBP / USD
| Commentary : The Sterling moves in narrow range ahead of U.K.’s Jobless Claims data and stabilizes above $1.3000 mark. Today pair made intraday high at $1.3037 and low at $1.3003 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.3052 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3001 will check further supports. U.K.’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 | 1.3052 | S1 | 1.3001 |
| R2 | 1.3076 | S2 | 1.2978 |
| R3 | 1.3099 | S3 | 1.2944 |
| R4 | 1.3130 | S4 | 1.2910 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3052 | Sell Below : 1.3001 | ||
| – Take Profit : 1.3082 | – Take Profit : 1.2972 | ||
| – Stop Loss : 1.3030 | – Stop Loss : 1.3022 | ||
USD / CAD
| Commentary : The CAD weakens sharply against U.S. dollar and hits lowest level since March 17, 2022. The pair made intraday high at 1.2656 and low at 1.2620 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2660 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2620 on H1 chart will check key supports too. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2660 | S1 | 1.2620 |
| R2 | 1.2678 | S2 | 1.2590 |
| R3 | 1.2699 | S3 | 1.2560 |
| R4 | 1.2726 | S4 | 1.2530 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2660 | Sell Below : 1.2621 | ||
| – Take Profit : 1.2690 | – Take Profit : 1.2590 | ||
| – Stop Loss : 1.2630 | – Stop Loss : 1.2648 | ||
USD / JPY
| Commentary : The Japanese yen falls gradually against U.S. dollar despite robust PPI data and stabilizes above 125.00 mark. The pair made intraday high at 125.56 and low at 125.10 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 125.55 on H1 chart requires for the upside rally. Alternatively, a consistent close below 124.90 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 | 125.55 | S1 | 124.90 |
| R2 | 125.76 | S2 | 124.62 |
| R3 | 125.94 | S3 | 124.38 |
| R4 | 126.12 | S4 | 124.21 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 125.5 | Sell Below : 125.01 | ||
| – Take Profit : 125.98 | – Take Profit : 124.60 | ||
| – Stop Loss : 125.27 | – Stop Loss : 125.27 | ||
GOLD
| Commentary : Gold remained highly volatile in previous session and currently hovers around $1,960 mark. Today pair made intraday high at $1,960 and low at $1,949 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,964 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,948 will check further supports. U.S. CPI, Core CPI data will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1964 | S1 | 1948 |
| R2 | 1970 | S2 | 1942 |
| R3 | 1976 | S3 | 1936 |
| R4 | 1984 | S4 | 1930 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1964 | Sell Below : 1947 | ||
| – Take Profit : 1971 | – Take Profit : 1940 | ||
| – Stop Loss : 1956 | – Stop Loss : 1954 | ||
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