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SpanishDAILY ANALYSIS REPORT APRIL 20 2022
AUD / USD
| Commentary: The Aussie appreciates noticeably on Wednesday and jumps back above $0.7400 mark. Today pair made intraday high at $0.7414 and low at $0.7370 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7422 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7391 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7422 | S1 | 0.7391 |
| R2 | 0.7450 | S2 | 0.7365 |
| R3 | 0.7476 | S3 | 0.7337 |
| R4 | 0.7499 | S4 | 0.7310 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7427 | Sell Below : 0.7389 | ||
| – Take Profit : 0.7457 | – Take Profit : 0.7355 | ||
| – Stop Loss : 0.7398 | – Stop Loss : 0.7412 | ||
EUR / USD
| Commentary : The euro rises sharply on Wednesday ahead of Euro’s Industrial production and Trade Balance data. The pair made intraday high at $1.0788 and low at $1.0783 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0840 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0786 on H1 chart 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 | 1.0840 | S1 | 1.0786 |
| R2 | 1.0876 | S2 | 1.0762 |
| R3 | 1.0905 | S3 | 1.0737 |
| R4 | 1.0930 | S4 | 1.0710 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0838 | Sell Below : 1.0790 | ||
| – Take Profit : 1.0862 | – Take Profit : 1.0765 | ||
| – Stop Loss : 1.0810 | – Stop Loss : 1.0815 | ||
GBP / USD
| Commentary : The Sterling starts a new day on a positive note and hovers around $1.3050 mark. Today pair made intraday high at $1.3045 and low at $1.3011 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.3050 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2989 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 | 1.3050 | S1 | 1.3011 |
| R2 | 1.3072 | S2 | 1.2987 |
| R3 | 1.3099 | S3 | 1.2962 |
| R4 | 1.3126 | S4 | 1.2940 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3052 | Sell Below : 1.3010 | ||
| – Take Profit : 1.3078 | – Take Profit : 1.2985 | ||
| – Stop Loss : 1.3030 | – Stop Loss : 1.3030 | ||
USD / CAD
| Commentary : The CAD appreciates sharply ahead of Canada’s CPI and Core CPI data and stabilizes below 1.2600 mark. The pair made intraday high at 1.2624 and low at 1.2583 mark. Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above 1.2612 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2572 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 | 1.2612 | S1 | 1.2572 |
| R2 | 1.2640 | S2 | 1.2555 |
| R3 | 1.2672 | S3 | 1.2530 |
| R4 | 1.2690 | S4 | 1.2501 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2610 | Sell Below : 1.2567 | ||
| – Take Profit : 1.2650 | – Take Profit : 1.2538 | ||
| – Stop Loss : 1.2586 | – Stop Loss : 1.2599 | ||
USD / JPY
| Commentary : The Japanese recovers sharply from previous losses and slips back below 128.50 mark. The pair made intraday high at 129.40 and low at 128.24 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 129.32 on H1 chart requires for the upside rally. Alternatively, a consistent close below 127.81 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 | 129.56 | S1 | 127.81 |
| R2 | 129.78 | S2 | 127.50 |
| R3 | 130.04 | S3 | 127.22 |
| R4 | 130.26 | S4 | 127.01 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 128.99 | Sell Below : 127.81 | ||
| – Take Profit : 129.51 | – Take Profit : 127.30 | ||
| – Stop Loss : 128.57 | – Stop Loss : 128.32 | ||
GOLD
| Commentary : Gold fell extremely in previous session on rising U.S. Treasury Yield and currently remains well supported below $1,950 mark. Today pair made intraday high at $1,951 and low at $1,940 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1,950 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,938 on H1 chart will test further supports. U.S. Existing Home Sales data will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1950 | S1 | 1938 |
| R2 | 1957 | S2 | 1932 |
| R3 | 1962 | S3 | 1926 |
| R4 | 1968 | S4 | 1921 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1950 | Sell Below : 1938 | ||
| – Take Profit : 1957 | – Take Profit : 1931 | ||
| – Stop Loss : 1944 | – Stop Loss : 1944 | ||
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