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SpanishDAILY ANALYSIS REPORT AUGUST 04 2022
AUD / USD
| Commentary : The Aussie appreciates in Thursday after robust Trade Balance data and stabilizes above $0.6950 mark. Today pair made intraday high at $0.6963 and low at $0.6934 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.6972 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6937 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 | 0.6972 | S1 | 0.6937 |
| R2 | 0.6999 | S2 | 0.6904 |
| R3 | 0.7022 | S3 | 0.6884 |
| R4 | 0.7050 | S4 | 0.6858 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 0.6970 | Sell Below: 0.6937 | ||
| – Take Profit: 0.6999 | – Take Profit: 0.6910 | ||
| – Stop Loss: 0.6940 | – Stop Loss: 0.6960 | ||
EUR / USD
| Commentary : The euro remains almost unchanged on Thursday ahead of ECB Economic Bulletin results and stabilizes above $1.0150 mark. Today the pair made intraday high at $1.0176 and low at $1.0154 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0178 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0150 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 | 1.0178 | S1 | 1.0150 |
| R2 | 1.0199 | S2 | 1.0122 |
| R3 | 1.0222 | S3 | 1.0100 |
| R4 | 1.0250 | S4 | 1.0078 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.0176 | Sell Below : 1.0150 | ||
| – Take Profit : 1.0205 | – Take Profit : 1.0122 | ||
| – Stop Loss : 1.0152 | – Stop Loss : 1.0174 | ||
GBP / USD
| Commentary : The sterling moves in roigid boundaries ahead of U.K.’s policy rate decision and stabilizes around $1.2150 mark. Today pair made intraday high at $1.2167 and low at $1.2132 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.2174 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2130 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 | 1.2174 | S1 | 1.2130 |
| R2 | 1.2205 | S2 | 1.2102 |
| R3 | 1.2240 | S3 | 1.2078 |
| R4 | 1.2265 | S4 | 1.2055 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2190 | Sell Below : 1.2130 | ||
| – Take Profit : 1.2220 | – Take Profit : 1.2091 | ||
| – Stop Loss : 1.2160 | – Stop Loss : 1.2162 | ||
USD / CAD
| Commentary : The CAD moves directionless on Thursday and remains well supported around 1.2850 mark. Today the pair made intraday high at 1.2855 and low at 1.2833 mark. Today a day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above 1.2855 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2830 on H1 chart will check key supports too. Canada’s Trade balance 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 | 1.2855 | S1 | 1.2830 |
| R2 | 1.2890 | S2 | 1.2805 |
| R3 | 1.2922 | S3 | 1.2790 |
| R4 | 1.2950 | S4 | 1.2765 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2855 | Sell Below : 1.2830 | ||
| – Take Profit : 1.2890 | – Take Profit : 1.2799 | ||
| – Stop Loss: 1.2830 | – Stop Loss : 1.2855 | ||
USD / JPY
| Commentary : The Japanese yen trades almost flat on Thursday and hovers around 133.80 mark. The pair made intraday high at 134.14 and low at 133.41 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 134.12 on H1 chart requires for the upside rally. Alternatively, a consistent close below 133.62 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 | 134.12 | S1 | 133.30 |
| R2 | 134.40 | S2 | 133.00 |
| R3 | 134.72 | S3 | 132.78 |
| R4 | 131.99 | S4 | 132.50 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 134.15 | Sell Below : 133.50 | ||
| – Take Profit : 134.50 | – Take Profit: 132.99 | ||
| – Stop Loss : 133.80 | – Stop Loss: 133.89 | ||
GOLD
| Commentary : Gold starts a new day on a positive note and remains well supported around $1,770 mark. Today the pair made intraday high at $1,772 and low at $1,763 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,774 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,760 on H1 chart will test further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1774 | S1 | 1758 |
| R2 | 1778 | S2 | 1752 |
| R3 | 1782 | S3 | 1747 |
| R4 | 1787 | S4 | 1742 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1774 | Sell Below : 1764 | ||
| – Take Profit : 1781 | – Take Profit : 1758 | ||
| – Stop Loss : 1765 | – Stop Loss : 1770 | ||
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