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SpanishDAILY ANALYSIS REPORT AUGUST 10 2022
AUD / USD
Commentary: The Aussie moves in narrow range on Wednesday and hovers around $0.6960 mark. Today pair made intraday high at $0.6966 and low at $0.6946 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $0.6970 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6940 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 | 0.6970 | S1 | 0.6940 |
| R2 | 0.7002 | S2 | 0.6915 |
| R3 | 0.7022 | S3 | 0.6901 |
| R4 | 0.7050 | S4 | 0.6878 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 0.6972 | Sell Below: 0.6940 | ||
| – Take Profit: 0.6999 | – Take Profit: 0.6912 | ||
| – Stop Loss: 0.6946 | – Stop Loss: 0.6965 | ||
EUR / USD
| Commentary : The euro moves directionless in the absence of any key economic indicators and stabilizes above $1.0200 mark. Today the pair made intraday high at $1.0219 and low at $1.0202 mark. Today triple EMA on a day chart is down and H1 chart suggests slightly up trend for the time being. A consistent close above $1.0230 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0190 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 | 1.0230 | S1 | 1.0190 |
| R2 | 1.0255 | S2 | 1.0172 |
| R3 | 1.0278 | S3 | 1.0150 |
| R4 | 1.0315 | S4 | 1.0121 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.0230 | Sell Below: 1.0190 | ||
| – Take Profit : 1.0265 | – Take Profit: 1.0168 | ||
| – Stop Loss : 1.0202 | – Stop Loss: 1.0215 | ||
GBP / USD
| Commentary : The sterling starts a new day on a flat note and stabilizes below $1.2100 mark. Today pair made intraday high at $1.2085 and low at $1.2064 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.2098 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2067 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 | 1.2098 | S1 | 1.2062 |
| R2 | 1.2112 | S2 | 1.2040 |
| R3 | 1.2140 | S3 | 1.2022 |
| R4 | 1.2172 | S4 | 1.2001 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.2090 | Sell Below: 1.2062 | ||
| – Take Profit: 1.2122 | – Take Profit: 1.2030 | ||
| – Stop Loss: 1.2067 | – Stop Loss: 1.2090 | ||
USD / CAD
| Commentary : The CAD enjoys roller coaster movement and remains well supported around 1.2890 mark. Today the pair made intraday high at 1.2895 and low at 1.2879 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2899 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2872 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 | 1.2899 | S1 | 1.2872 |
| R2 | 1.2918 | S2 | 1.2840 |
| R3 | 1.2950 | S3 | 1.2812 |
| R4 | 1.2976 | S4 | 1.2790 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.2899 | Sell Below: 1.2872 | ||
| – Take Profit: 1.2924 | – Take Profit: 1.2850 | ||
| – Stop Loss: 1.2878 | – Stop Loss: 1.2898 | ||
USD / JPY
| Commentary: The Japanese yen remains almost unchanged after PPI data and consolidates around 134.90 mark. The pair made intraday high at 135.30 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 135.30 on H1 chart requires for the upside rally. Alternatively, a consistent close below 134.72 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 | 135.30 | S1 | 134.72 |
| R2 | 135.55 | S2 | 134.50 |
| R3 | 135.80 | S3 | 134.30 |
| R4 | 136.12 | S4 | 134.02 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 135.31 | Sell Below: 134.70 | ||
| – Take Profit: 135.61 | – Take Profit: 134.20 | ||
| – Stop Loss: 134.99 | – Stop Loss: 135.02 | ||
GOLD
| Commentary : Gold depreciates in early Asian hours and hovers around $1,790 mark ahead of U.S. Inflation data due at 1230 GMT. Today the pair made intraday high at $1,794 and low at $1,789 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,798 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 | 1802 | S1 | 1786 |
| R2 | 1808 | S2 | 1782 |
| R3 | 1815 | S3 | 1776 |
| R4 | 1821 | S4 | 1770 |
| BUY | SELL | ||
 | | ||
| Buy Above: 1796 | Sell Below: 1782 | ||
| – Take Profit: 1804 | – Take Profit: 1771 | ||
| – Stop Loss: 1788 | – Stop Loss: 1790 | ||
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