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SpanishDAILY ANALYSIS REPORT DECEMBER 08 2021
AUD / USD
| Commentary : The Aussie appreciates sharply in early Asian hours and hovers around key resistance at $0.7140 mark. Today pair made intraday high at $0.7114 and low at $0.7140 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7155 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7098 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 | 0.7155 | S1 | 0.7098 |
| R2 | 0.7172 | S2 | 0.7070 |
| R3 | 0.7199 | S3 | 0.7048 |
| R4 | 0.7222 | S4 | 0.7012 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7150 | Sell Below : 0.7101 | ||
| – Take Profit : 0.7172 | – Take Profit : 0.7070 | ||
| – Stop Loss : 0.7121 | – Stop Loss : 0.7125 | ||
EUR / USD
| Commentary : The Euro recovers slightly from previous losses and hovers around $1.1292 mark ahead of ECCB President Lagarde’s speech. The pair made intraday high at $1.1293 and low at $1.1262 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 $1.1267 on H1 chart 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 | 1.1299 | 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 : 1.1262 | ||
| – Take Profit : 1.1326 | – Take Profit : 1.1238 | ||
| – Stop Loss : 1.1270 | – Stop Loss : 1.1286 | ||
GBP / USD
| Commentary : The sterling exhibits range bound movement and consolidates around $1.3250 mark. Today pair made intraday high at $1.3259 and low at $1.3231 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.3278 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3240 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 | 1.3278 | S1 | 1.3209 |
| R2 | 1.3299 | S2 | 1.3184 |
| R3 | 1.3326 | S3 | 1.3140 |
| R4 | 1.3351 | S4 | 1.3112 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3270 | Sell Below : 1.3228 | ||
| – Take Profit : 1.3299 | – Take Profit : 1.3202 | ||
| – Stop Loss : 1.3248 | – Stop Loss : 1.3251 | ||
USD / CAD
| Commentary : The CAD appreciates sharply ahead of Bank of Canada’s Cash Rate Decision and hits fresh 2 – week high at 1.2632 mark. The pair made intraday high at 1.2647 and low at 1.2632 mark. Today a day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2660 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2626 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 | 1.2660 | S1 | 1.2626 |
| R2 | 1.2692 | S2 | 1.2600 |
| R3 | 1.2715 | S3 | 1.2582 |
| R4 | 1.2740 | S4 | 1.2555 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2660 | Sell Below : 1.2628 | ||
| – Take Profit : 1.2699 | – Take Profit : 1.2602 | ||
| – Stop Loss : 1.2637 | – Stop Loss : 1.2650 | ||
USD / JPY
| Commentary : The Japanese yen rises in early Asia despite lower than expected key economic indicators. The pair made intraday high at 113.59 and low at 113.35 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 : 113.91 | – Take Profit : 113.04 | ||
| – Stop Loss : 113.33 | – Stop Loss : 113.57 | ||
GOLD
| Commentary : The Gold remains volatile in early Asian hours and touches $1,790 mark. Today pair made intraday high at $1,790 and low at $1,783 mark. A day chart is down and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,790 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,784 will check further supports. U.S. JOLTS Job Opening Data is in focus. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1792 | S1 | 1782 |
| R2 | 1789 | S2 | 1776 |
| R3 | 1804 | S3 | 1772 |
| R4 | 1809 | S4 | 1764 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1791 | Sell Below : 1782 | ||
| – Take Profit : 1798 | – Take Profit : 1777 | ||
| – Stop Loss : 1786 | – Stop Loss : 1789 | ||
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