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SpanishDAILY ANALYSIS REPORT DECEMBER 17 2021
AUD / USD
| Commentary : The Aussie trades marginally lower in early Asia and trading around $0.7180 mark. Today pair made intraday high at $0.7184 and low at $0.7168 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7191 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7170 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 | 0.7191 | S1 | 0.7150 |
| R2 | 0.7215 | S2 | 0.7115 |
| R3 | 0.7240 | S3 | 0.7101 |
| R4 | 0.7276 | S4 | 0.7080 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7190 | Sell Below : 0.7168 | ||
| – Take Profit : 0.7215 | – Take Profit : 0.7148 | ||
| – Stop Loss : 0.7170 | – Stop Loss : 0.7188 | ||
EUR / USD
| Commentary : The Euro appreciated sharply after ECB’s Policy Rate Statement and touched $1.1360 mark in previous session. The pair made intraday high at $1.1335 and low at $1.1320 mark. Today triple EMA on a day is down and H1 chart suggests up trend for the time being. A consistent close above $1.1338 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1296 on H1 chart will check further supports. Today German IFO Business Climate and Euro’s CPI data will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.1338 | S1 | 1.1296 |
| R2 | 1.1365 | S2 | 1.1267 |
| R3 | 1.1380 | S3 | 1.1240 |
| R4 | 1.1405 | S4 | 1.1221 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1338 | Sell Below : 1.1310 | ||
| – Take Profit : 1.1360 | – Take Profit : 1.1287 | ||
| – Stop Loss : 1.1318 | – Stop Loss : 1.1328 | ||
GBP / USD
| Commentary : The sterling spiked up sharply in previous session after BOE rose Official Bank rate to 0.25 pct from 0.10 pct. Today pair made intraday high at $1.3331 and low at $1.3312 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.3356 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3300 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 | 1.3362 | S1 | 1.3300 |
| R2 | 1.3384 | S2 | 1.3276 |
| R3 | 1.3415 | S3 | 1.3240 |
| R4 | 1.3435 | S4 | 1.3212 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3340 | Sell Below : 1.3310 | ||
| – Take Profit : 1.3364 | – Take Profit : 1.3287 | ||
| – Stop Loss : 1.3318 | – Stop Loss : 1.3332 | ||
USD / CAD
| Commentary : The CAD trades flat on Friday and hovers around 1.2790 mark. The pair made intraday high at 1.2790 and low at 1.2767 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2797 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2767 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 | 1.2797 | S1 | 1.2767 |
| R2 | 1.2821 | S2 | 1.2740 |
| R3 | 1.2848 | S3 | 1.2711 |
| R4 | 1.2865 | S4 | 1.2690 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2797 | Sell Below : 1.2763 | ||
| – Take Profit : 1.2830 | – Take Profit : 1.2732 | ||
| – Stop Loss : 1.2770 | – Stop Loss : 1.2791 | ||
USD / JPY
| Commentary : The Japanese yen remains volatile after BoJ’s Policy Rate decision and currently trading around 113.60 mark. The pair made intraday high at 113.86 and low at 113.58 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 113.91 on H1 chart requires for the upside rally. Alternatively, a consistent close below 113.50 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 | 113.91 | S1 | 113.50 |
| R2 | 114.26 | S2 | 113.22 |
| R3 | 114.58 | S3 | 113.00 |
| R4 | 114.76 | S4 | 112.76 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 113.90 | Sell Below : 113.50 | ||
| – Take Profit : 114.20 | – Take Profit : 113.26 | ||
| – Stop Loss : 113.68 | – Stop Loss : 113.70 | ||
GOLD
| Commentary : The Gold rises noticeably in early Asia and hits fresh 2 – week high at $1,804 mark. Today pair made intraday high at $1,804 and low at $1,797 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,804 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,792 will check further supports. U.S. Calendar is almost empty for the day. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1809 | S1 | 1792 |
| R2 | 1814 | S2 | 1787 |
| R3 | 1820 | S3 | 1782 |
| R4 | 1826 | S4 | 1776 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1804 | Sell Below : 1794 | ||
| – Take Profit : 1811 | – Take Profit : 1789 | ||
| – Stop Loss : 1797 | – Stop Loss : 1799 | ||
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