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SpanishDAILY ANALYSIS REPORT DECEMBER 16 2021
AUD / USD
| Commentary : The Aussie starts a new day on a lower note despite robust Employment Change data and trading around $0.7150 mark. Today pair made intraday high at $0.7181 and low at $0.7145 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7178 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 | 0.7178 | S1 | 0.7130 |
| R2 | 0.7199 | S2 | 0.7102 |
| R3 | 0.7215 | S3 | 0.7080 |
| R4 | 0.7240 | S4 | 0.7050 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7181 | Sell Below : 0.7130 | ||
| – Take Profit : 0.7210 | – Take Profit : 0.7104 | ||
| – Stop Loss : 0.7157 | – Stop Loss : 0.7155 | ||
EUR / USD
| Commentary : The Euro remains almost unchanged on Thursday ahead of ECB’s Interest Rate Decision and hovers around $1.1300 mark. The pair made intraday high at $1.1298 and low at $1.1281 mark. Today triple EMA on a day is down and H1 chart suggests up trend for the time being. A consistent close above $1.1312 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1267 on H1 chart will check further supports. European Calendar will be hectic as ECB Interest Rate Decision, Press Conference along with Flash PMI data are scheduled. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.1312 | S1 | 1.1290 |
| R2 | 1.1338 | S2 | 1.1267 |
| R3 | 1.1365 | S3 | 1.1240 |
| R4 | 1.1380 | S4 | 1.1221 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1299 | Sell Below : 1.1277 | ||
| – Take Profit : 1.1321 | – Take Profit : 1.1256 | ||
| – Stop Loss : 1.1282 | – Stop Loss : 1.1294 | ||
GBP / USD
| Commentary : The sterling trades in rigid boundaries ahead of U.K.’s Interest Rate Decision and stabilizes around $1.3250 mark. Today pair made intraday high at $1.3268 and low at $1.3247 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.3276 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3232 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 | 1.3276 | S1 | 1.3232 |
| R2 | 1.3299 | S2 | 1.3210 |
| R3 | 1.3315 | S3 | 1.3186 |
| R4 | 1.3338 | S4 | 1.3165 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3274 | Sell Below : 1.3232 | ||
| – Take Profit : 1.3302 | – Take Profit : 1.3202 | ||
| – Stop Loss : 1.3250 | – Stop Loss : 1.3255 | ||
USD / CAD
| Commentary : The CAD trades marginally lower on Thursday and trading around 1.2850 mark. The pair made intraday high at 1.2857 and low at 1.2830 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2870 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2832 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 | 1.2870 | S1 | 1.2832 |
| R2 | 1.2890 | S2 | 1.2815 |
| R3 | 1.2915 | S3 | 1.2790 |
| R4 | 1.2940 | S4 | 1.2765 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2864 | Sell Below : 1.2825 | ||
| – Take Profit : 1.2897 | – Take Profit : 1.2798 | ||
| – Stop Loss : 1.2832 | – Stop Loss : 1.2854 | ||
USD / JPY
| Commentary : The Japanese yen falls noticeably against U.S. dollar and jumps back above 114.00 mark. The pair made intraday high at 114.24 and low at 113.96 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 114.26 on H1 chart requires for the upside rally. Alternatively, a consistent close below 113.89 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 | 114.26 | S1 | 113.89 |
| R2 | 114.58 | S2 | 113.65 |
| R3 | 114.76 | S3 | 113.50 |
| R4 | 114.99 | S4 | 113.12 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 114.26 | Sell Below : 113.87 | ||
| – Take Profit : 114.52 | – Take Profit : 113.63 | ||
| – Stop Loss : 113.96 | – Stop Loss : 114.13 | ||
GOLD
| Commentary : The Gold remained highly volatile in previous session and gave around $30+ volatility. Today pair made intraday high at $1,784 and low at $1,775 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,784 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,772 will check further supports. U.S. Calendar is busy for the day too. | |||
| 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 | 1767 |
| R3 | 1794 | S3 | 1762 |
| R4 | 1799 | S4 | 1757 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1784 | Sell Below : 1778 | ||
| – Take Profit : 1789 | – Take Profit : 1772 | ||
| – Stop Loss : 1779 | – Stop Loss : 1783 | ||
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