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SpanishDAILY ANALYSIS REPORT DECEMBER 07 2021
AUD / USD
| Commentary : The Aussie appreciates sharply after RBA’s policy rate decision and hawkish Monetary Policy Statement. Today pair made intraday high at $0.7070 and low at $0.7039 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.7072 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7040 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 | 0.7072 | S1 | 0.7015 |
| R2 | 0.7099 | S2 | 0.7001 |
| R3 | 0.7122 | S3 | 0.6980 |
| R4 | 0.7147 | S4 | 0.6955 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7080 | Sell Below : 0.7038 | ||
| – Take Profit : 0.7110 | – Take Profit : 0.7012 | ||
| – Stop Loss : 0.7050 | – Stop Loss : 0.7060 | ||
EUR / USD
| Commentary : The Euro trades flat on Tuesday and hoversa round key support at $1.1290 mark. The pair made intraday high at $1.1292 and low at $1.1275 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1299 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1272 on H1 chart will check further supports. Today German Industrial Production and ZEW Economic Sentiment data will provide further directions to the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.1299 | S1 | 1.1272 |
| R2 | 1.1312 | S2 | 1.1248 |
| R3 | 1.1347 | S3 | 1.1221 |
| R4 | 1.1376 | S4 | 1.1198 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1299 | Sell Below : 1.1265 | ||
| – Take Profit : 1.1326 | – Take Profit : 1.1237 | ||
| – Stop Loss : 1.1274 | – Stop Loss : 1.1290 | ||
GBP / USD
| Commentary : The sterling appreciates on Tuesday and jumps back above $1.3280 mark. Today pair made intraday high at $1.3283 and low at $1.3247 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.3299 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3240 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 | 1.3299 | S1 | 1.3240 |
| R2 | 1.3326 | S2 | 1.3209 |
| R3 | 1.3351 | S3 | 1.3184 |
| R4 | 1.3377 | S4 | 1.3140 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3290 | Sell Below : 1.3247 | ||
| – Take Profit : 1.3315 | – Take Profit : 1.3221 | ||
| – Stop Loss : 1.3265 | – Stop Loss : 1.3278 | ||
USD / CAD
| Commentary : The CAD strengthens noticeably against U.S. dollar and slips below 1.2750 mark. The pair made intraday high at 1.2767 and low at 1.2739 mark. Today a day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2770 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2730 on H1 chart will check key supports too. Canada’s trade balance and Ivey PMI 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 | 1.2770 | S1 | 1.2730 |
| R2 | 1.2799 | S2 | 1.2711 |
| R3 | 1.2815 | S3 | 1.2690 |
| R4 | 1.2840 | S4 | 1.2672 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2770 | Sell Below : 1.2732 | ||
| – Take Profit : 1.2799 | – Take Profit : 1.2712 | ||
| – Stop Loss : 1.2747 | – Stop Loss : 1.2749 | ||
USD / JPY
| Commentary : The Japanese yen remains almost unchanged after average cash earnings and house hold spending data. The pair made intraday high at 113.58 and low at 113.40 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 113.65 on H1 chart requires for the upside rally. Alternatively, a consistent close below 113.30 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 | 113.78 | S1 | 113.30 |
| R2 | 113.99 | S2 | 112.90 |
| R3 | 114.26 | S3 | 112.62 |
| R4 | 114.58 | S4 | 112.37 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 113.65 | Sell Below : 113.30 | ||
| – Take Profit : 113.99 | – Take Profit : 113.04 | ||
| – Stop Loss : 113.38 | – Stop Loss : 113.57 | ||
GOLD
| Commentary : The Gold weakens gradually against U.S. dollar and remains well supported below $1,780 mark. Today pair made intraday high at $1,782 and low at $1,777 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,782 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,776 will check further supports. U.S. Revised Nonfarm Productivity data is in focus. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1782 | S1 | 1776 |
| R2 | 1789 | S2 | 1772 |
| R3 | 1794 | S3 | 1767 |
| R4 | 1799 | S4 | 1761 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1782 | Sell Below : 1774 | ||
| – Take Profit : 1787 | – Take Profit : 1767 | ||
| – Stop Loss : 1778 | – Stop Loss : 1778 | ||
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