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SpanishDAILY ANALYSIS REPORT DECEMBER 10 2021
AUD / USD
| Commentary : The Aussie trades slightly higher on Friday and trading around $0.7150 mark. Today pair made intraday high at $0.7155 and low at $0.7132 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7161 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7130 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 | 0.7172 | S1 | 0.7130 |
| R2 | 0.7199 | S2 | 0.7115 |
| R3 | 0.7222 | S3 | 0.7090 |
| R4 | 0.7240 | S4 | 0.7070 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7162 | Sell Below : 0.7130 | ||
| – Take Profit : 0.7185 | – Take Profit : 0.7104 | ||
| – Stop Loss : 0.7138 | – Stop Loss : 0.7152 | ||
EUR / USD
| Commentary : The Euro trades flat on Friday during Asian hours ahead of ECB President Lagarde’s speech and hovers around $1.1300 mark. The pair made intraday high at $1.1301 and low at $1.1287 mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.1320 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1280 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 | 1.1320 | S1 | 1.1272 |
| R2 | 1.1350 | S2 | 1.1248 |
| R3 | 1.1376 | S3 | 1.1221 |
| R4 | 1.1399 | S4 | 1.1197 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1310 | Sell Below : 1.1277 | ||
| – Take Profit : 1.1337 | – Take Profit : 1.1251 | ||
| – Stop Loss : 1.1286 | – Stop Loss : 1.1302 | ||
GBP / USD
| Commentary : The sterling trades marginally higher ahead of U.K.’s GDP data and trading around $1.3230 mark. Today pair made intraday high at $1.3233 and low at $1.3212 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.3237 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3210 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 | 1.3237 | S1 | 1.3210 |
| R2 | 1.3262 | S2 | 1.3190 |
| R3 | 1.3278 | S3 | 1.3168 |
| R4 | 1.3299 | S4 | 1.3140 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3240 | Sell Below : 1.3210 | ||
| – Take Profit : 1.3260 | – Take Profit : 1.3178 | ||
| – Stop Loss : 1.3212 | – Stop Loss : 1.323 | ||
USD / CAD
| Commentary : The CAD rises in early Asian hours and stabilizes around 1.2700 mark. The pair made intraday high at 1.2718 and low at 1.2692 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2721 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2676 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 | 1.2721 | S1 | 1.2676 |
| R2 | 1.2740 | S2 | 1.2632 |
| R3 | 1.2765 | S3 | 1.2612 |
| R4 | 1.2778 | S4 | 1.2600 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2721 | Sell Below : 1.2681 | ||
| – Take Profit : 1.2740 | – Take Profit : 1.2650 | ||
| – Stop Loss : 1.2696 | – Stop Loss : 1.2704 | ||
USD / JPY
| Commentary : The Japanese yen remains almost unchanged despite robust PPI data and hovers around 113.50 mark. The pair made intraday high at 113.51 and low at 113.33 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 113.60 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 | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 113.60 | S1 | 113.30 |
| R2 | 113.91 | S2 | 112.90 |
| R3 | 114.26 | S3 | 112.62 |
| R4 | 114.58 | S4 | 112.37 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 113.60 | Sell Below : 113.26 | ||
| – Take Profit : 113.88 | – Take Profit : 112.99 | ||
| – Stop Loss : 113.31 | – Stop Loss : 113.54 | ||
GOLD
| Commentary : The Gold starts a new day on a positive note ahead of U.S. inflation results and remains well supported above $1,770 mark. Today pair made intraday high at $1,779 and low at $1,775 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,780 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,774 will check further supports. U.S. Calendar will be hectic as CPI, Core CPI and Prelim UoM Consumer Sentiment data 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 | 1784 | S1 | 1772 |
| R2 | 1789 | S2 | 1764 |
| R3 | 1794 | S3 | 1758 |
| R4 | 1799 | S4 | 1752 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1781 | Sell Below : 1774 | ||
| – Take Profit : 1787 | – Take Profit : 1767 | ||
| – Stop Loss : 1776 | – Stop Loss : 1778 | ||
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