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SpanishDAILY ANALYSIS REPORT APRIL 13 2022
AUD / USD
| Commentary : The Aussie trades slightly higher on Wednesday after Westpac Consumer Sentiment data and remains well supported above $0.7450 mark. Today pair made intraday high at $0.7474 and low at $0.7442 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7482 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7440 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 | 0.7482 | S1 | 0.7440 |
| R2 | 0.7499 | S2 | 0.7412 |
| R3 | 0.7526 | S3 | 0.7400 |
| R4 | 0.7557 | S4 | 0.7372 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7481 | Sell Below : 0.7440 | ||
| – Take Profit : 0.7512 | – Take Profit : 0.7402 | ||
| – Stop Loss : 0.7454 | – Stop Loss : 0.7468 | ||
EUR / USD
| Commentary : The euro remains slightly volatile in early Asia and hovers around $1.0830 mark. The pair made intraday high at $1.0840 and low at $1.0811 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0852 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0815 on H1 chart will check further supports. European Calendar will remain light 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 | 1.0852 | S1 | 1.0800 |
| R2 | 1.0876 | S2 | 1.0776 |
| R3 | 1.0899 | S3 | 1.0751 |
| R4 | 1.0922 | S4 | 1.0726 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0852 | Sell Below : 1.0808 | ||
| – Take Profit : 1.0878 | – Take Profit : 1.0772 | ||
| – Stop Loss : 1.0821 | – Stop Loss : 1.0838 | ||
GBP / USD
| Commentary : The Sterling trades slightly higher ahead of U.K.’s CPI, Core CPI data and trading around $1.3000 mark. Today pair made intraday high at $1.3014 and low at $1.2987 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.3022 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2992 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 | 1.3022 | S1 | 1.2992 |
| R2 | 1.3052 | S2 | 1.2965 |
| R3 | 1.3076 | S3 | 1.2944 |
| R4 | 1.3099 | S4 | 1.2910 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3026 | Sell Below : 1.2990 | ||
| – Take Profit : 1.3055 | – Take Profit : 1.2960 | ||
| – Stop Loss : 1.3001 | – Stop Loss : 1.3015 | ||
USD / CAD
| Commentary : The CAD starts a new day on a positive note ahead of BoC’s Interest Rate Decision and stabilizes below 1.2650 mark. The pair made intraday high at 1.2643 and low at 1.2610 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2642 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2590 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 | 1.2642 | S1 | 1.2590 |
| R2 | 1.2660 | S2 | 1.2560 |
| R3 | 1.2678 | S3 | 1.2530 |
| R4 | 1.2699 | S4 | 1.2504 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2640 | Sell Below : 1.2590 | ||
| – Take Profit : 1.2672 | – Take Profit : 1.2540 | ||
| – Stop Loss : 1.2611 | – Stop Loss : 1.2622 | ||
USD / JPY
| Commentary : The Japanese yen depreciates on Wednesday as Japan’s Core Machinery Orders data misses the expectations. The pair made intraday high at 125.65 and low at 125.29 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 125.72 on H1 chart requires for the upside rally. Alternatively, a consistent close below 125.30 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 | 125.72 | S1 | 125.30 |
| R2 | 125.94 | S2 | 125.12 |
| R3 | 126.12 | S3 | 124.90 |
| R4 | 126.44 | S4 | 124.62 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 125.76 | Sell Below : 125.30 | ||
| – Take Profit : 126.05 | – Take Profit : 125.01 | ||
| – Stop Loss : 125.45 | – Stop Loss : 125.62 | ||
GOLD
| Commentary : Gold rose sharply in previous session after U.S. CPI & Core CPI data and currently trading around $1,970 mark. Today pair made intraday high at $1,972 and low at $1,962 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,976 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,961 will check further supports. U.S. PPI, Core PPI 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 | 1976 | S1 | 1961 |
| R2 | 1982 | S2 | 1956 |
| R3 | 1989 | S3 | 1948 |
| R4 | 1994 | S4 | 1942 |
| BUY | SELL | ||
| | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1974 | Sell Below : 1961 | ||
| – Take Profit : 1980 | – Take Profit : 1955 | ||
| – Stop Loss : 1967 | – Stop Loss : 1967 | ||
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