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SpanishDAILY ANALYSIS REPORT AUGUST 29 2022
AUD / USD
| Commentary: The parity opens gap down on Monday and hits lowest level since July 19, 2022. Today pair made intraday high at $0.6885 and low at $0.6848 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.6890 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6850 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 | 0.6890 | S1 | 0.6838 |
| R2 | 0.6922 | S2 | 0.6812 |
| R3 | 0.6950 | S3 | 0.6787 |
| R4 | 0.6974 | S4 | 0.6762 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 0.6890 | Sell Below: 0.6837 | ||
| – Take Profit: 0.6930 | – Take Profit: 0.6805 | ||
| – Stop Loss: 0.6855 | – Stop Loss: 0.6870 | ||
EUR / USD
| Commentary : The euro starts a new day on a lower note and hovers around $0.9920 mark. Today the pair made intraday high at $0.9965 and low at $0.9918 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $0.9950 on H1 chart requires for the upside rally. Alternatively, a sustained close below $0.9905 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 | 0.9950 | S1 | 0.9905 |
| R2 | 0.9978 | S2 | 0.9878 |
| R3 | 0.9999 | S3 | 0.9847 |
| R4 | 1.0024 | S4 | 0.9815 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 0.9950 | Sell Below: 0.9905 | ||
| – Take Profit : 0.9978 | – Take Profit: 0.9870 | ||
| – Stop Loss : 0.9922 | – Stop Loss: 0.9940 | ||
GBP / USD
| Commentary : The sterling depreciates on Monday and hovers around $1.1652 mark. It is the lowest level since March 02, 2020. Today pair made intraday high at $1.1734 and low at $1.1652 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.1687 on H1 chart will check key resistances. Alternatively, a consistent close below $1.1637 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 | 1.1690 | S1 | 1.1637 |
| R2 | 1.1722 | S2 | 1.1602 |
| R3 | 1.1750 | S3 | 1.1585 |
| R4 | 1.1778 | S4 | 1.1555 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.1680 | Sell Below: 1.1632 | ||
| – Take Profit: 1.1720 | – Take Profit: 1.1590 | ||
| – Stop Loss: 1.1652 | – Stop Loss: 1.1665 | ||
USD / CAD
| Commentary: The CAD starts a new week on lower note and parity hits highest level since July 15, 2022. Today the pair made intraday high at 1.3073 and low at 1.3030 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.3084 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.3030 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 | 1.3090 | S1 | 1.3030 |
| R2 | 1.3122 | S2 | 1.3001 |
| R3 | 1.3150 | S3 | 1.2978 |
| R4 | 1.3176 | S4 | 1.2940 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 1.3090 | Sell Below: 1.3050 | ||
| – Take Profit: 1.3126 | – Take Profit: 1.3022 | ||
| – Stop Loss: 1.3062 | – Stop Loss: 1.3078 | ||
USD / JPY
| Commentary: The Japanese yen falls sharply on Monday and stabilizes above 138.50 mark. The pair made intraday high at 138.67 and low at 137.55 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 138.72 on H1 chart requires for the upside rally. Alternatively, a consistent close below 137.87 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 | 138.72 | S1 | 137.90 |
| R2 | 138.99 | S2 | 137.62 |
| R3 | 139.26 | S3 | 137.30 |
| R4 | 139.54 | S4 | 137.04 |
| BUY | SELL | ||
 |  | ||
| Buy Above: 138.74 | Sell Below: 137.90 | ||
| – Take Profit: 139.31 | – Take Profit: 137.40 | ||
| – Stop Loss: 138.30 | – Stop Loss: 138.30 | ||
GOLD
| Commentary : Gold weakens extremely after super hawkish tone delivered by Fed Chair Powell at Jackson Hole Symposium. Today the pair made intraday high at $1,738 and low at $1,721 mark. Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1,730 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,718 on H1 chart will test further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1730 | S1 | 1718 |
| R2 | 1737 | S2 | 1712 |
| R3 | 1742 | S3 | 1708 |
| R4 | 1749 | S4 | 1702 |
| BUY | SELL | ||
 | | ||
| Buy Above: 1730 | Sell Below: 1718 | ||
| – Take Profit: 1736 | – Take Profit: 1711 | ||
| – Stop Loss: 1725 | – Stop Loss: 1725 | ||
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