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SpanishDAILY ANALYSIS REPORT AUGUST 05 2022
AUD / USD
| Commentary : The Aussie trades flat on Friday and stabilizes above $0.6950 mark. Today pair made intraday high at $0.6971 and low at $0.6953 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 $0.6950 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 | 0.6950 |
| R2 | 0.6999 | S2 | 0.6926 |
| R3 | 0.7022 | S3 | 0.6904 |
| R4 | 0.7050 | S4 | 0.6884 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 0.6976 | Sell Below: 0.6951 | ||
| – Take Profit: 0.7002 | – Take Profit: 0.6922 | ||
| – Stop Loss: 0.6955 | – Stop Loss: 0.6972 | ||
EUR / USD
| Commentary : The euro trades almost flat on Friday and remains well supported above $1.0200 mark. Today the pair made intraday high at $1.0252 and low at $1.0229 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0250 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0212 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 | 1.0250 | S1 | 1.0212 |
| R2 | 1.0272 | S2 | 1.0182 |
| R3 | 1.0299 | S3 | 1.0165 |
| R4 | 1.0318 | S4 | 1.0140 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.0252 | Sell Below : 1.0226 | ||
| – Take Profit : 1.0280 | – Take Profit : 1.0201 | ||
| – Stop Loss : 1.0230 | – Stop Loss : 1.0250 | ||
GBP / USD
| Commentary : The sterling fell extremely in previous session after BoE’s Policy Rate Decision and currently stabilizes around $1.2150 mark. Today pair made intraday high at $1.2163 and low at $1.2129 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.2162 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2122 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 | 1.2162 | S1 | 1.2122 |
| R2 | 1.2190 | S2 | 1.2102 |
| R3 | 1.2215 | S3 | 1.2078 |
| R4 | 1.2240 | S4 | 1.2055 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.2162 | Sell Below: 1.2122 | ||
| – Take Profit: 1.2199 | – Take Profit: 1.2087 | ||
| – Stop Loss: 1.2132 | – Stop Loss: 1.2148 | ||
USD / CAD
| Commentary : The CAD trades marginally higher on Friday ahead of Canada’s Employment Change data and remains well supported below 1.2900 mark. Today the pair made intraday high at 1.2879 and low at 1.2860 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2875 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2848 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 | 1.2875 | S1 | 1.2848 |
| R2 | 1.2899 | S2 | 1.2830 |
| R3 | 1.2922 | S3 | 1.2805 |
| R4 | 1.2950 | S4 | 1.2784 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.2880 | Sell Below: 1.2855 | ||
| – Take Profit: 1.2912 | – Take Profit: 1.2822 | ||
| – Stop Loss: 1.2860 | – Stop Loss: 1.2880 | ||
USD / JPY
| Commentary : The Japanese yen remains almost unchanged despite robust Average Cash Earnings and Household Spending data. The pair made intraday high at 133.36 and low at 132.52 mark. The triple EMA on a day chart and H1 chart suggest down trend for the time being. A sustained close above 133.51 on H1 chart requires for the upside rally. Alternatively, a consistent close below 132.62 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 | 133.51 | S1 | 132.62 |
| R2 | 133.78 | S2 | 132.40 |
| R3 | 134.01 | S3 | 132.10 |
| R4 | 134.26 | S4 | 131.90 |
| BUY | SELL | ||
| | ||
| Buy Above: 133.50 | Sell Below: 132.90 | ||
| – Take Profit: 133.82 | – Take Profit: 132.52 | ||
| – Stop Loss: 133.11 | – Stop Loss: 133.20 | ||
GOLD
| Commentary : Gold exhibits range bound movement ahead of U.S. NFP job data and hovers around $1,790 mark. Today the pair made intraday high at $1,794 and low at $1,788 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,794 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,786 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 | 1798 | S1 | 1786 |
| R2 | 1802 | S2 | 1782 |
| R3 | 1808 | S3 | 1776 |
| R4 | 1815 | S4 | 1772 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1795 | Sell Below: 1785 | ||
| – Take Profit: 1804 | – Take Profit: 1778 | ||
| – Stop Loss: 1787 | – Stop Loss: 1792 | ||
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