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SpanishDAILY ANALYSIS REPORT AUGUST 24 2022
AUD / USD
| Commentary: The Aussie remained highly volatile in previous session and currently hovers around $0.6900 mark. Today pair made intraday high at $0.6931 and low at $0.6894 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.6930 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6890 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 | 0.6930 | S1 | 0.6890 |
| R2 | 0.6954 | S2 | 0.6862 |
| R3 | 0.6976 | S3 | 0.6838 |
| R4 | 0.6999 | S4 | 0.6812 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 0.6930 | Sell Below: 0.6890 | ||
| – Take Profit: 0.6958 | – Take Profit: 0.6860 | ||
| – Stop Loss: 0.6910 | – Stop Loss: 0.6922 | ||
EUR / USD
| Commentary : The euro enjoys roller coaster movement and hovers around $0.9950 mark. Today the pair made intraday high at $0.9973 and low at $0.9942 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 $0.9930 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 | 0.9930 |
| R2 | 0.9999 | S2 | 0.9904 |
| R3 | 1.0022 | S3 | 0.9884 |
| R4 | 1.0052 | S4 | 0.9860 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 0.9974 | Sell Below: 0.9932 | ||
| – Take Profit : 0.9999 | – Take Profit: 0.9904 | ||
| – Stop Loss : 0.9949 | – Stop Loss: 0.9962 | ||
GBP / USD
| Commentary : The sterling strengthened sharply in previous session after mixed Flash PMI data and starts a new day on a marginally lower note. Today pair made intraday high at $1.1838 and low at $1.1798 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.1837 on H1 chart will check key resistances. Alternatively, a consistent close below $1.1790 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 | 1.1837 | S1 | 1.1790 |
| R2 | 1.1856 | S2 | 1.1765 |
| R3 | 1.1872 | S3 | 1.1740 |
| R4 | 1.1890 | S4 | 1.1718 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.1830 | Sell Below: 1.1790 | ||
| – Take Profit: 1.1860 | – Take Profit: 1.1752 | ||
| – Stop Loss: 1.1801 | – Stop Loss: 1.1822 | ||
USD / CAD
| Commentary: The CAD rose sharply in previous session and touched $1.2933 mark. Today CAD trades marginally lower and stabilizes above 1.2970 mark. Today the pair made intraday high at 1.2986 and low at 1.2947 mark. Today a day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2992 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2945 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 | 1.2992 | S1 | 1.2945 |
| R2 | 1.3015 | S2 | 1.2912 |
| R3 | 1.3040 | S3 | 1.2900 |
| R4 | 1.3062 | S4 | 1.2878 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.2990 | Sell Below: 1.2960 | ||
| – Take Profit: 1.3020 | – Take Profit: 1.2930 | ||
| – Stop Loss: 1.2971 | – Stop Loss: 1.2989 | ||
USD / JPY
| Commentary: The Japanese yen appreciates sharply in previous session and currently hovers around 136.90 mark. The pair made intraday high at 137.04 and low at 136.60 mark. The triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being. A sustained close above 137.05 on H1 chart requires for the upside rally. Alternatively, a consistent close below 136.55 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 | 137.12 | S1 | 136.55 |
| R2 | 137.30 | S2 | 136.22 |
| R3 | 137.62 | S3 | 136.01 |
| R4 | 137.85 | S4 | 135.80 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 137.05 | Sell Below: 136.50 | ||
| – Take Profit: 137.38 | – Take Profit: 136.15 | ||
| – Stop Loss: 136.72 | – Stop Loss: 136.72 | ||
GOLD
| Commentary : Gold starts a new day on a flat note ahead of U.S. Durable/Core Durable Goods orders data and stabilizes below $1,750 mark. Today the pair made intraday high at $1,747 and low at $1,744 mark. Today a day chart is down and H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above $1,752 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,740 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 | 1752 | S1 | 1740 |
| R2 | 1758 | S2 | 1736 |
| R3 | 1764 | S3 | 1730 |
| R4 | 1770 | S4 | 1724 |
| BUY | SELL | ||
 | | ||
| Buy Above: 1750 | Sell Below: 1742 | ||
| – Take Profit: 1757 | – Take Profit: 1736 | ||
| – Stop Loss: 1745 | – Stop Loss: 1749 | ||
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