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SpanishDAILY ANALYSIS REPORT APRIL-22-2021
AUD / USD
| Commentary : The Aussie trades marginally higher in early Asia after strong NAB Business Confidence Data. The pair made intraday high at $0.0.7764 and low at $0.7739 mark. A day chart and H1 chart with triple EMA confirm up trend for the time being. The pair breaks down the range bound movement and currently hovers around $0.7740 mark. A sustained close above $0.7760 on H1 chart requires for the upside rally. Alternatively, current downside movement 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 | 0.7770 | S1 | 0.7728 |
| R2 | 0.7790 | S2 | 0.7702 |
| R3 | 0.7812 | S3 | 0.7677 |
| R4 | 0.7854 | S4 | 0.7638 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7770 | Sell Below : 0.7725 | ||
| – Take Profit : 0.7798 | – Take Profit : 0.7702 | ||
| – Stop Loss : 0.7730 | – Stop Loss : 0.7760 | ||
EUR / USD
| Commentary : The euro trades almost flat ahead of ECB’s Interest Rate Decision and Press Conference. The pair made intraday high at $1.2046 and low at $1.2030. Today triple EMA on a day chart and H1 chart suggests bullish trend for the time being. A consistent close above $1.2050 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2006 on H1 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 | 1.2050 | S1 | 1.2018 |
| R2 | 1.2090 | S2 | 1.2000 |
| R3 | 1.2128 | S3 | 1.1980 |
| R4 | 1.2152 | S4 | 1.1942 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2050 | Sell Below : 1.2000 | ||
| – Take Profit : 1.2080 | – Take Profit : 1.1980 | ||
| – Stop Loss : 1.2020 | – Stop Loss : 1.2030 | ||
GBP / USD
| Commentary : The sterling exhibits range bound movement and consolidates around $1.3930 mark. The pair made intraday high at $1.3949 and low at $1.3925 mark. Today a day and H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above $1.3955 requires for the upside rally. Alternatively, a consistent close below $1.3906 will check further key supports. Here, have to wait for the sometime to break the immediate levels to predict the further movements. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3955 | S1 | 1.3906 |
| R2 | 1.3970 | S2 | 1.3876 |
| R3 | 1.4008 | S3 | 1.3854 |
| R4 | 1.4026 | S4 | 1.3822 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.3955 | Sell Below : 1.3905 | ||
| – Take Profit : 1.3990 | – Take Profit : 1.3876 | ||
| – Stop Loss : 1.3920 | – Stop Loss : 1.3940 | ||
USD / CAD
| Commentary : The Canadian dollar rose sharply in previous session after BoC’s hawkish Monetary Policy Statement. Today pair made intraday high at 1.2512 and low at 1.2488 mark. A day chart and H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2520 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2484 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 | 1.2520 | S1 | 1.2460 |
| R2 | 1.2562 | S2 | 1.2418 |
| R3 | 1.2590 | S3 | 1.2400 |
| R4 | 1.2612 | S4 | 1.2382 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2520 | Sell Below : 1.2485 | ||
| – Take Profit : 1.2548 | – Take Profit : 1.2460 | ||
| – Stop Loss : 1.2490 | – Stop Loss : 1.2510 | ||
USD / JPY
| Commentary : The Japanese yen rises gradually against U.S. dollar and slips back below 108.00 mark. The pair made intraday high at 108.14 and low at 107.91 mark. The triple EMA on a day chart is bullish while H1 chart confirms down trend for the time being. A sustained close above 108.15 on H1 chart requires for the upside rally. Alternatively, a consistent close below 107.92 on H1 will check key supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 108.15 | S1 | 107.92 |
| R2 | 108.40 | S2 | 107.60 |
| R3 | 108.90 | S3 | 107.28 |
| R4 | 109.27 | S4 | 107.00 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 108.15 | Sell Below : 107.85 | ||
| – Take Profit : 108.32 | – Take Profit : 107.60 | ||
| – Stop Loss : 107.90 | – Stop Loss : 108.10 | ||
GOLD
| Commentary : The gold depreciates on Thursday and hovers around $1,790 mark. Today pair made intraday high at $1,797 and low $1,789 mark. A day chart and H1 chart confirm up trend for the time being. A sustained close above $1,798 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,788 will check further supports. Later today U.S. will release unemployment claims weekly data and Existing Home Sales data. It will provide further directions to the parity. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1799 | S1 | 1782 |
| R2 | 1805 | S2 | 1776 |
| R3 | 1812 | S3 | 1772 |
| R4 | 1820 | S4 | 1767 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1799 | Sell Below : 1782 | ||
| – Take Profit : 1805 | – Take Profit : 1776 | ||
| – Stop Loss : 1790 | – Stop Loss : 1790 | ||
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