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SpanishDAILY ANALYSIS REPORT AUGUST 23 2022
AUD / USD
| Commentary: The Aussie trades marginally higher on Tuesday as Australia came up the flash PMI data as per expectations only. Today pair made intraday high at $0.6899 and low at $0.6872 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.6912 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6862 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 | 0.6912 | S1 | 0.6862 |
| R2 | 0.6930 | S2 | 0.6840 |
| R3 | 0.6954 | S3 | 0.6812 |
| R4 | 0.6976 | S4 | 0.6782 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 0.6915 | Sell Below: 0.6860 | ||
| – Take Profit: 0.6952 | – Take Profit: 0.6830 | ||
| – Stop Loss: 0.6881 | – Stop Loss: 0.6899 | ||
EUR / USD
| Commentary : The euro weakened sharply in previous session and currently starts a new day on a flat note at $0.9940 mark. Today the pair made intraday high at $0.9950 and low at $0.9930 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $0.9972 on H1 chart requires for the upside rally. Alternatively, a sustained close below $0.9927 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 | 0.9972 | S1 | 0.9927 |
| R2 | 0.9999 | S2 | 0.9898 |
| R3 | 1.0022 | S3 | 0.9865 |
| R4 | 1.0052 | S4 | 0.9842 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 0.9960 | Sell Below: 0.9921 | ||
| – Take Profit : 0.9996 | – Take Profit: 0.9889 | ||
| – Stop Loss : 0.9930 | – Stop Loss: 0.9952 | ||
GBP / USD
| Commentary : The sterling moves in rigid boundaries ahead of U.K.’s Flash PMI data scheduled at 0830 GMT. Today pair made intraday high at $1.1785 and low at $1.1756 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.1790 on H1 chart will check key resistances. Alternatively, a consistent close below $1.1749 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 | 1.1790 | S1 | 1.1749 |
| R2 | 1.1826 | S2 | 1.1721 |
| R3 | 1.1854 | S3 | 1.1702 |
| R4 | 1.1878 | S4 | 1.1681 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.1790 | Sell Below: 1.1752 | ||
| – Take Profit: 1.1830 | – Take Profit: 1.1712 | ||
| – Stop Loss: 1.1760 | – Stop Loss: 1.1782 | ||
USD / CAD
| Commentary: The CAD recovers slightly from previous losses and stabilizes below 1.3050 mark. Today the pair made intraday high at 1.3057 and low at 1.3024 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.3050 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.3010 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 | 1.3062 | S1 | 1.3010 |
| R2 | 1.3090 | S2 | 1.2980 |
| R3 | 1.3118 | S3 | 1.2950 |
| R4 | 1.3140 | S4 | 1.2922 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.3052 | Sell Below: 1.3010 | ||
| – Take Profit: 1.3090 | – Take Profit: 1.2981 | ||
| – Stop Loss: 1.3021 | – Stop Loss: 1.3040 | ||
USD / JPY
| Commentary: The Japanese yen remains almost unchanged as Japan released Flash PMI data with flat numbers. The pair made intraday high at 137.70 and low at 137.08 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 137.57 on H1 chart requires for the upside rally. Alternatively, a consistent close below 137.00 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 | 137.72 | S1 | 137.00 |
| R2 | 137.98 | S2 | 136.80 |
| R3 | 138.22 | S3 | 136.52 |
| R4 | 138.50 | S4 | 136.18 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 137.52 | Sell Below: 136.91 | ||
| – Take Profit: 137.90 | – Take Profit: 136.56 | ||
| – Stop Loss: 137.21 | – Stop Loss: 137.21 | ||
GOLD
| Commentary : Gold trades in narrow range ahead of U.S. Flash PMI data and stabilizes below $1,740 mark. Today the pair made intraday high at $1,740 and low at $1,734 mark. Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1,742 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,728 on H1 chart will test further supports. U.S. Flash PMI data and Richmond manufacturing Index 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 | 1742 | S1 | 1728 |
| R2 | 1749 | S2 | 1721 |
| R3 | 1754 | S3 | 1716 |
| R4 | 1760 | S4 | 1711 |
| BUY | SELL | ||
 | | ||
| Buy Above: 1742 | Sell Below: 1732 | ||
| – Take Profit: 1749 | – Take Profit: 1725 | ||
| – Stop Loss: 1736 | – Stop Loss: 1738 | ||
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