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SpanishDAILY ANALYSIS REPORT DECEMBER 14 2021
AUD / USD
| Commentary : The Aussie weakens sharply in early Asian after NAB Business Confidence data and touches $0.7097 mark. Today pair made intraday high at $0.7134 and low at $0.7097 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.7130 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7086 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 | 0.7140 | S1 | 0.7086 |
| R2 | 0.7178 | S2 | 0.7062 |
| R3 | 0.7199 | S3 | 0.7040 |
| R4 | 0.7222 | S4 | 0.7012 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7140 | Sell Below : 0.7087 | ||
| – Take Profit : 0.7171 | – Take Profit : 0.7062 | ||
| – Stop Loss : 0.7114 | – Stop Loss : 0.7121 | ||
EUR / USD
| Commentary : The Euro trades flat on Tuesday and hovers around $1.1270 mark. The pair made intraday high at $1.1285 and low at $1.1273 mark. Today triple EMA on a day and H1 chart suggest bearish trend for the time being. A consistent close above $1.1287 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1262 on H1 chart will check further supports. Euro’s Industrial Production data will be in focus. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.1287 | S1 | 1.1262 |
| R2 | 1.1320 | S2 | 1.1238 |
| R3 | 1.1350 | S3 | 1.1221 |
| R4 | 1.1376 | S4 | 1.1197 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1290 | Sell Below : 1.1260 | ||
| – Take Profit : 1.1315 | – Take Profit : 1.1238 | ||
| – Stop Loss : 1.1271 | – Stop Loss : 1.1286 | ||
GBP / USD
| Commentary : The sterling trades marginally lower ahead of U.K.’s Employment Change Data and slips back below $1.3200 mark. Today pair made intraday high at $1.3216 and low at $1.3195 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.3218 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3186 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 | 1.3218 | S1 | 1.3186 |
| R2 | 1.3240 | S2 | 1.3165 |
| R3 | 1.3278 | S3 | 1.3150 |
| R4 | 1.3299 | S4 | 1.3126 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3218 | Sell Below : 1.3185 | ||
| – Take Profit : 1.3247 | – Take Profit : 1.3161 | ||
| – Stop Loss : 1.3196 | – Stop Loss : 1.3209 | ||
USD / CAD
| Commentary : The CAD spiked down sharply after BoC’s revised Monetary Policy Statement and currently trading above 1.2800 mark. The pair made intraday high at 1.2827 and low at 1.2799 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2840 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2790 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 | 1.2840 | S1 | 1.2790 |
| R2 | 1.2866 | S2 | 1.2772 |
| R3 | 1.2888 | S3 | 1.2750 |
| R4 | 1.2915 | S4 | 1.2732 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2840 | Sell Below : 1.2798 | ||
| – Take Profit : 1.2872 | – Take Profit : 1.2762 | ||
| – Stop Loss : 1.2815 | – Stop Loss : 1.2822 | ||
USD / JPY
| Commentary : The Japanese yen moves in stiff boundaries and remains well supported above 113.50 mark. The pair made intraday high at 113.66 and low at 113.45 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 113.76 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 | 113.76 | 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 : 113.72 | Sell Below : 113.30 | ||
| – Take Profit : 113.99 | – Take Profit : 113.03 | ||
| – Stop Loss : 113.42 | – Stop Loss : 113.51 | ||
GOLD
| Commentary :The Gold remains choppy ahead of U.S. FOMC Interest Rate Decision due tomorrow and consolidates around $1,787 mark. Today pair made intraday high at $1,789 and low at $1,785 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,791 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,778 will check further supports. U.S. will release PPI and Core PPI data at 1330 GMT. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1794 | S1 | 1778 |
| R2 | 1799 | S2 | 1772 |
| R3 | 1804 | S3 | 1764 |
| R4 | 1809 | S4 | 1758 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1791 | Sell Below : 1784 | ||
| – Take Profit : 1797 | – Take Profit : 1778 | ||
| – Stop Loss : 1786 | – Stop Loss : 1788 | ||
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