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SpanishDAILY ANALYSIS REPORT AUGUST 08 2022
AUD / USD
| Commentary : The Aussie trades slightly higher on Monday and stabilizes above $0.6900 mark. Today pair made intraday high at $0.6931 and low at $0.6897 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $0.6940 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6902 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 | 0.6940 | S1 | 0.6902 |
| R2 | 0.6968 | S2 | 0.6876 |
| R3 | 0.6990 | S3 | 0.6850 |
| R4 | 0.7015 | S4 | 0.6821 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 0.6940 | Sell Below: 0.6899 | ||
| – Take Profit: 0.6976 | – Take Profit: 0.6876 | ||
| – Stop Loss: 0.6910 | – Stop Loss: 0.6922 | ||
EUR / USD
| Commentary : The euro trades in narrow range ahead of Euro Zone’s Sentix Investor Confidence data and hovers around $1.0180 mark. Today the pair made intraday high at $1.0183 and low at $1.0159 mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.0198 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0155 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 | 1.0198 | S1 | 1.0150 |
| R2 | 1.0226 | S2 | 1.0121 |
| R3 | 1.0252 | S3 | 1.0100 |
| R4 | 1.0276 | S4 | 1.0078 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.0198 | Sell Below : 1.0155 | ||
| – Take Profit : 1.0222 | – Take Profit : 1.0122 | ||
| – Stop Loss : 1.0176 | – Stop Loss : 1.0180 | ||
GBP / USD
| Commentary : The sterling remains almost unchanged on Monday and trading around $1.2070 mark . Today pair made intraday high at $1.2078 and low at $1.2047 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.2092 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2050 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 | 1.2192 | S1 | 1.2050 |
| R2 | 1.2112 | S2 | 1.2022 |
| R3 | 1.2140 | S3 | 1.2001 |
| R4 | 1.2172 | S4 | 1.1982 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.2092 | Sell Below: 1.2050 | ||
| – Take Profit: 1.2130 | – Take Profit: 1.2012 | ||
| – Stop Loss: 1.2065 | – Stop Loss: 1.2078 | ||
USD / CAD
| Commentary : The CAD exhibits range bound movement and remains well supported below 1.2950 mark. Today the pair made intraday high at 1.2950 and low at 1.2927 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2950 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2920 on H1 chart will check key supports too. Supports Resistances | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2950 | S1 | 1.2920 |
| R2 | 1.2972 | S2 | 1.2899 |
| R3 | 1.2999 | S3 | 1.2870 |
| R4 | 1.3030 | S4 | 1.2841 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.2950 | Sell Below: 1.2918 | ||
| – Take Profit: 1.2980 | – Take Profit: 1.2880 | ||
| – Stop Loss: 1.2926 | – Stop Loss: 1.2940 | ||
USD / JPY
| Commentary : The Japanese yen remains almost unchanged despite robust Bank Lending and Current account data. The pair made intraday high at 135.58 and low at 134.93 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 135.72 on H1 chart requires for the upside rally. Alternatively, a consistent close below 134.90 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 | 135.72 | S1 | 134.90 |
| R2 | 135.99 | S2 | 134.65 |
| R3 | 136.22 | S3 | 134.30 |
| R4 | 136.50 | S4 | 134.02 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 135.61 | Sell Below: 134.90 | ||
| – Take Profit: 135.98 | – Take Profit: 134.55 | ||
| – Stop Loss: 135.27 | – Stop Loss: 135.25 | ||
GOLD
| Commentary : Gold weakens sharply on last Friday after robust U.S. NFP Employment Change data and touched $1,765 mark. Today the pair made intraday high at $1,775 and low at $1,771 mark. Today a day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,778 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,767 on H1 chart will test further supports. U.S. Calendar will remain empty for the day. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1778 | S1 | 1767 |
| R2 | 1782 | S2 | 1761 |
| R3 | 1787 | S3 | 1755 |
| R4 | 1792 | S4 | 1749 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1776 | Sell Below: 1767 | ||
| – Take Profit: 1781 | – Take Profit: 1762 | ||
| – Stop Loss: 1770 | – Stop Loss: 1773 | ||
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