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SpanishDAILY ANALYSIS REPORT APRIL 29 2022
AUD / USD
| Commentary : The Aussie recovers slightly on Friday after mixed economic results and stabilizes above $0.7100 mark. Today pair made intraday high at $0.7138 and low at $0.7091 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.7150 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7090 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 | 0.7150 | S1 | 0.7090 |
| R2 | 0.7176 | S2 | 0.7065 |
| R3 | 0.7199 | S3 | 0.7050 |
| R4 | 0.7226 | S4 | 0.7021 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7150 | Sell Below : 0.7102 | ||
| – Take Profit : 0.7186 | – Take Profit : 0.7068 | ||
| – Stop Loss : 0.7115 | – Stop Loss : 0.7130 | ||
EUR / USD
| Commentary : The Euro trades marginally higher on Friday ahead of GDP results from the Euro Area and stabilizes above $1.0500 mark. The pair made intraday high at $1.0529 and low at $1.0491 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0555 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0485 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 | 1.0555 | S1 | 1.0485 |
| R2 | 1.0572 | S2 | 1.0450 |
| R3 | 1.0600 | S3 | 1.0427 |
| R4 | 1.0638 | S4 | 1.0400 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0555 | Sell Below : 1.0490 | ||
| – Take Profit : 1.0590 | – Take Profit : 1.0450 | ||
| – Stop Loss : 1.0522 | – Stop Loss : 1.0522 | ||
GBP / USD
| Commentary : The Sterling recovers slightly from previous losses and hovers around $1.2480 mark. Today pair made intraday high at $1.2496 and low at $1.2444 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2512 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2450 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 | 1.2512 | S1 | 1.2450 |
| R2 | 1.2538 | S2 | 1.2412 |
| R3 | 1.2572 | S3 | 1.2380 |
| R4 | 1.2615 | S4 | 1.2365 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2512 | Sell Below : 1.2457 | ||
| – Take Profit : 1.2552 | – Take Profit : 1.2412 | ||
| – Stop Loss : 1.2474 | – Stop Loss : 1.2489 | ||
USD / CAD
| Commentary : The CAD strengthens on Friday and slips back below 1.2800 mark. Today the pair made intraday high at 1.2813 and low at 1.2763 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2810 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2760 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 | 1.2810 | S1 | 1.2760 |
| R2 | 1.2855 | S2 | 1.2730 |
| R3 | 1.2872 | S3 | 1.2712 |
| R4 | 1.2905 | S4 | 1.2691 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2811 | Sell Below : 1.2750 | ||
| – Take Profit : 1.2840 | – Take Profit : 1.2712 | ||
| – Stop Loss : 1.2780 | – Stop Loss : 1.2780 | ||
USD / JPY
| Commentary : The Japanese yen fell extremely in previous session and today trades almost flat as Japanese banks will be closed in observance of Showa Day. The pair made intraday high at 130.95 and low at 130.36 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 131.12 on H1 chart requires for the upside rally. Alternatively, a consistent close below 129.70 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 | 131.12 | S1 | 130.30 |
| R2 | 131.44 | S2 | 130.01 |
| R3 | 131.72 | S3 | 129.70 |
| R4 | 132.05 | S4 | 129.40 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 129.40 | Sell Below : 130.30 | ||
| – Take Profit : 131.50 | – Take Profit : 129.89 | ||
| – Stop Loss : 130.70 | – Stop Loss : 130.70 | ||
GOLD
| Commentary : Gold manages to recover from previous losses and jumps back above $1,900 mark ahead of U.S. Key Economic Results. Today pair made intraday high at $1,905 and low at $1,892 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,909 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,894 on H1 chart will test further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1909 | S1 | 1894 |
| R2 | 1914 | S2 | 1889 |
| R3 | 1920 | S3 | 1884 |
| R4 | 1926 | S4 | 1878 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1909 | Sell Below : 1894 | ||
| – Take Profit : 1915 | – Take Profit : 1886 | ||
| – Stop Loss : 1904 | – Stop Loss : 1900 | ||
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