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SpanishDAILY ANALYSIS REPORT FEBRUARY 01 2022
AUD / USD
| Commentary : The Euro trades almost flat on Tuesday ahead of Manufacturing PMI results. The pair made intraday high at $1.1235 and low at $1.1220 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.1250 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1200 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 | 0.7076 | S1 | 0.7030 |
| R2 | 0.7099 | S2 | 0.7002 |
| R3 | 0.7126 | S3 | 0.6970 |
| R4 | 0.7155 | S4 | 0.6938 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7076 | Sell Below : 0.7022 | ||
| – Take Profit : 0.7110 | – Take Profit : 0.6989 | ||
| – Stop Loss : 0.7052 | – Stop Loss : 0.7040 | ||
EUR / USD
| Commentary : The Euro trades almost flat on Tuesday ahead of Manufacturing PMI results. The pair made intraday high at $1.1235 and low at $1.1220 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.1250 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1200 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 | 1.1250 | S1 | 1.1200 |
| R2 | 1.1278 | S2 | 1.1172 |
| R3 | 1.1304 | S3 | 1.1147 |
| R4 | 1.1330 | S4 | 1.1115 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1250 | Sell Below : 1.1212 | ||
| – Take Profit : 1.1276 | – Take Profit : 1.1178 | ||
| – Stop Loss : 1.1222 | – Stop Loss : 1.1240 | ||
GBP / USD
| Commentary : The sterling exhibits range bound movement ahead of U.K.’s Manufacturing PMI results and hovers around $1.3450 mark. Today pair made intraday high at $1.3448 and low at $1.3433 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.3457 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3430 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 | 1.3457 | S1 | 1.3430 |
| R2 | 1.3490 | S2 | 1.3411 |
| R3 | 1.3521 | S3 | 1.3378 |
| R4 | 1.3540 | S4 | 1.3362 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3461 | Sell Below : 1.3430 | ||
| – Take Profit : 1.3487 | – Take Profit : 1.3403 | ||
| – Stop Loss : 1.3437 | – Stop Loss : 1.3455 | ||
USD / CAD
| Commentary : The CAD remains slightly volatile during Asian hours ahead of Canada’s GDP results and hovers around 1.2700 mark. Pair made intraday high at 1.2722 and low at 1.2702 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2715 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2690 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 | 1.2722 | S1 | 1.2690 |
| R2 | 1.2750 | S2 | 1.2667 |
| R3 | 1.2774 | S3 | 1.2650 |
| R4 | 1.2800 | S4 | 1.2621 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2720 | Sell Below : 1.2680 | ||
| – Take Profit : 1.2758 | – Take Profit : 1.2648 | ||
| – Stop Loss : 1.2692 | – Stop Loss : 1.2710 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally higher on Tuesday after robust Final Manufacturing PMI and unemployment Rate results. The pair made intraday high at 115.19 and low at 115.00 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 115.22 on H1 chart requires for the upside rally. Alternatively, a consistent close below 114.89 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 | 115.22 | S1 | 114.90 |
| R2 | 115.52 | S2 | 114.65 |
| R3 | 115.76 | S3 | 114.30 |
| R4 | 115.98 | S4 | 114.01 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 115.21 | Sell Below : 114.89 | ||
| – Take Profit : 115.47 | – Take Profit : 114.62 | ||
| – Stop Loss : 114.95 | – Stop Loss : 115.12 | ||
GOLD
| Commentary : The gold moves in stiff boundaries ahead of U.S. ISM Manufacturing PMI results and hovers around $1,800 mark. Today pair made intraday high at $1,799 and low at $1,795 mark. A triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above $1,802 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,794 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 | 1802 | S1 | 1792 |
| R2 | 1806 | S2 | 1786 |
| R3 | 1812 | S3 | 1781 |
| R4 | 1818 | S4 | 1776 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1801 | Sell Below : 1794 | ||
| – Take Profit : 1806 | – Take Profit : 1787 | ||
| – Stop Loss : 1797 | – Stop Loss : 1799 | ||
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