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SpanishDAILY ANALYSIS REPORT AUGUST 16 2022
AUD / USD
| Commentary: The Aussie remains volatile on Tuesday after RBA’s Monetary Policy Meeting Minutes and currently trading around $0.7020 mark. Today pair made intraday high at $0.7038 and low at $0.7000 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $0.7040 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7002 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 | 0.7040 | S1 | 0.7002 |
| R2 | 0.7062 | S2 | 0.6980 |
| R3 | 0.7090 | S3 | 0.6955 |
| R4 | 0.7115 | S4 | 0.6930 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 0.7040 | Sell Below: 0.7002 | ||
| – Take Profit: 0.7072 | – Take Profit: 0.6972 | ||
| – Stop Loss: 0.7010 | – Stop Loss: 0.7030 | ||
EUR / USD
| Commentary : The euro exhibits range bound movement and consolidates around $1.0160 mark. Today the pair made intraday high at $1.0169 and low at $1.0147 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 | 1.0224 | S3 | 1.0100 |
| R4 | 1.0250 | S4 | 1.0076 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.0178 | Sell Below: 1.0140 | ||
| – Take Profit : 1.0212 | – Take Profit: 1.0105 | ||
| – Stop Loss : 1.0148 | – Stop Loss: 1.0165 | ||
GBP / USD
| Commentary : The sterling trades almost flat on Tuesday ahead of U.K.s Jobless Claims data and hovers around $1.2050 mark. Today pair made intraday high at $1.2060 and low at $1.2035 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.2070 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2030 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 | 1.2072 | S1 | 1.2030 |
| R2 | 1.2099 | S2 | 1.2002 |
| R3 | 1.2122 | S3 | 1.1976 |
| R4 | 1.2150 | S4 | 1.1940 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.2070 | Sell Below: 1.2032 | ||
| – Take Profit: 1.2099 | – Take Profit: 1.2005 | ||
| – Stop Loss: 1.2040 | – Stop Loss: 1.2062 | ||
USD / CAD
| Commentary : The CAD spiked down sharply in previous session and trading around 1.2900 mark. Today the pair made intraday high at 1.2921 and low at 1.2892 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2930 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2870 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 | 1.2930 | S1 | 1.2870 |
| R2 | 1.2955 | S2 | 1.2838 |
| R3 | 1.2972 | S3 | 1.2812 |
| R4 | 1.2999 | S4 | 1.2790 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.2920 | Sell Below: 1.2882 | ||
| – Take Profit: 1.2952 | – Take Profit: 1.2850 | ||
| – Stop Loss: 1.2890 | – Stop Loss: 1.2912 | ||
USD / JPY
| Commentary: The Japanese yen trades almost flat on Tuesday and hovers around 133.30 mark. The pair made intraday high at 133.48 and low at 132.94mark. 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 132.90 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 | 133.50 | S1 | 132.90 |
| R2 | 133.76 | S2 | 132.72 |
| R3 | 133.90 | S3 | 132.50 |
| R4 | 134.12 | S4 | 132.22 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 133.52 | Sell Below: 133.10 | ||
| – Take Profit: 133.80 | – Take Profit: 132.72 | ||
| – Stop Loss: 133.21 | – Stop Loss: 133.50 | ||
GOLD
| Commentary : Gold failed to fall below $1,772 mark and currently trading around $1,780 mark. Today the pair made intraday high at $1,783 and low at $1,776 mark. Today a day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,787 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,772 on H1 chart will test further supports. Later today U.S. Building Permits, Industrial Production and housing 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 | 1787 | S1 | 1772 |
| R2 | 1792 | S2 | 1767 |
| R3 | 1798 | S3 | 1762 |
| R4 | 1804 | S4 | 1756 |
| BUY | SELL | ||
 | | ||
| Buy Above: 1784 | Sell Below: 1776 | ||
| – Take Profit: 1790 | – Take Profit: 1770 | ||
| – Stop Loss: 1778 | – Stop Loss: 1782 | ||
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