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SpanishDAILY ANALYSIS REPORT AUGUST 02 2022
AUD / USD
| Commentary : The Aussie spikes down sharply as RBA raised key cash rate by 50 bps to 1.85 pct. Today pair made intraday high at $0.7032 and low at $0.6984 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7030 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6990 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 | 0.7030 | S1 | 0.6965 |
| R2 | 0.7055 | S2 | 0.6940 |
| R3 | 0.7076 | S3 | 0.6915 |
| R4 | 0.7099 | S4 | 0.6880 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 0.7030 | Sell Below: 0.6980 | ||
| – Take Profit: 0.7055 | – Take Profit: 0.6955 | ||
| – Stop Loss: 0.7004 | – Stop Loss: 0.7004 | ||
EUR / USD
| Commentary : The euro rises gradually against U.S. dollar and remains well supported above $1.0250 mark. Today the pair made intraday high at $1.0293 and low at $1.0252 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0290 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0250 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 | 1.0290 | S1 | 1.0250 |
| R2 | 1.0315 | S2 | 1.0212 |
| R3 | 1.0340 | S3 | 1.0200 |
| R4 | 1.0365 | S4 | 1.0178 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.0290 | Sell Below : 1.0250 | ||
| – Take Profit : 1.0315 | – Take Profit : 1.0222 | ||
| – Stop Loss : 1.0265 | – Stop Loss : 1.0274 | ||
GBP / USD
| Commentary : The sterling starts a new day on a positive note and jumps back above $1.2250 mark. Today pair made intraday high at $1.2279 and low at $1.2244 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2282 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2240 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 | 1.2282 | S1 | 1.2240 |
| R2 | 1.2305 | S2 | 1.2221 |
| R3 | 1.2332 | S3 | 1.2201 |
| R4 | 1.2357 | S4 | 1.2178 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2280 | Sell Below : 1.2238 | ||
| – Take Profit : 1.2330 | – Take Profit : 1.2204 | ||
| – Stop Loss : 1.2254 | – Stop Loss : 1.2272 | ||
USD / CAD
| Commentary : The CAD depreciates on Tuesday ahead of Canada’s Manufacturing PMI data and remains well supported around 1.2850 mark. Today the pair made intraday high at 1.2863 and low at 1.2835 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2865 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2838 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 | 1.2865 | S1 | 1.2838 |
| R2 | 1.2899 | S2 | 1.2804 |
| R3 | 1.2922 | S3 | 1.2780 |
| R4 | 1.2950 | S4 | 1.2750 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2865 | Sell Below : 1.2832 | ||
| – Take Profit : 1.2899 | – Take Profit : 1.2805 | ||
| – Stop Loss: 1.2840 | – Stop Loss : 1.2860 | ||
USD / JPY
| Commentary : The Japanese yen erases previous gain against U.S. dollar and currently hovers around 133.00 mark. The pair made intraday high at 133.90 and low at 132.86 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 133.80 on H1 chart requires for the upside rally. Alternatively, a consistent close below 132.50 on H1 chart will check further key supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 131.30 | S1 | 130.50 |
| R2 | 131.55 | S2 | 130.21 |
| R3 | 131.72 | S3 | 130.01 |
| R4 | 131.99 | S4 | 129.76 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 131.30 | Sell Below : 130.51 | ||
| – Take Profit : 131.61 | – Take Profit: 130.00 | ||
| – Stop Loss : 130.90 | – Stop Loss: 130.89 | ||
GOLD
| Commentary : Gold touches $1,780 mark in opening hours but failed to sustain above that level. Today the pair made intraday high at $1,780 and low at $1,770 mark. Today a day chart is down and H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above $1,782 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,765 on H1 chart will test further supports. U.S. JOLTS Job Opening 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 | 1782 | S1 | 1765 |
| R2 | 1789 | S2 | 1758 |
| R3 | 1794 | S3 | 1752 |
| R4 | 1799 | S4 | 1747 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1778 | Sell Below : 1765 | ||
| – Take Profit : 1785 | – Take Profit : 1757 | ||
| – Stop Loss : 1771 | – Stop Loss : 1771 | ||
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