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SpanishDAILY ANALYSIS REPORT FEBRUARY 02 2022
AUD / USD
| Commentary : The Aussie recovers sharply from previous losses after RBA Gov Lowe’s comments and remains well supported above $0.7100 mark. Today pair made intraday high at $0.7146 and low at $0.7126 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7140 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7102 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 | 0.7155 | S1 | 0.7102 |
| R2 | 0.7182 | S2 | 0.7076 |
| R3 | 0.7210 | S3 | 0.7050 |
| R4 | 0.7240 | S4 | 0.7012 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7150 | Sell Below : 0.7110 | ||
| – Take Profit : 0.7182 | – Take Profit : 0.7080 | ||
| – Stop Loss : 0.7122 | – Stop Loss : 0.7138 | ||
EUR / USD
| Commentary : The Euro rose sharply in previous session and currently trading around $1.1270 mark ahead of Euro CPI Flash Estimate results. The pair made intraday high at $1.1277 and low at $1.1268 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.1280 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1237 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 | 1.1280 | S1 | 1.1250 |
| R2 | 1.1304 | S2 | 1.1237 |
| R3 | 1.1330 | S3 | 1.1205 |
| R4 | 1.1354 | S4 | 1.1176 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1280 | Sell Below : 1.1252 | ||
| – Take Profit : 1.1315 | – Take Profit : 1.1222 | ||
| – Stop Loss : 1.1255 | – Stop Loss : 1.1276 | ||
GBP / USD
| Commentary : The sterling appreciated drastically in previous session and jumped back above $1.3500 mark. Today pair made intraday high at $1.3527 and low at $1.3511 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.3530 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3500 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 | 1.3530 | S1 | 1.3500 |
| R2 | 1.3562 | S2 | 1.3478 |
| R3 | 1.3590 | S3 | 1.3450 |
| R4 | 1.3618 | S4 | 1.3421 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3532 | Sell Below : 1.3502 | ||
| – Take Profit : 1.3562 | – Take Profit : 1.3472 | ||
| – Stop Loss : 1.3510 | – Stop Loss : 1.3526 | ||
USD / CAD
| Commentary : The CAD trades flat ahead of Canada’s Building Permit results and trading around 1.2690 mark. Pair made intraday high at 1.2694 and low at 1.2675 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2701 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2655 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 | 1.2701 | S1 | 1.2655 |
| R2 | 1.2722 | S2 | 1.2621 |
| R3 | 1.2750 | S3 | 1.2600 |
| R4 | 1.2774 | S4 | 1.2580 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2705 | Sell Below : 1.2670 | ||
| – Take Profit : 1.2740 | – Take Profit : 1.2631 | ||
| – Stop Loss : 1.2678 | – Stop Loss : 1.2698 | ||
USD / JPY
| Commentary : The Japanese yen trades flat on Wednesday and trading around 114.70 mark. The pair made intraday high at 114.78 and low at 114.63 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 114.92 on H1 chart requires for the upside rally. Alternatively, a consistent close below 114.62 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 | 114.92 | S1 | 114.62 |
| R2 | 115.22 | S2 | 114.30 |
| R3 | 115.52 | S3 | 114.01 |
| R4 | 115.76 | S4 | 113.72 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 114.91 | Sell Below : 114.57 | ||
| – Take Profit : 115.21 | – Take Profit : 114.32 | ||
| – Stop Loss : 114.60 | – Stop Loss : 114.76 | ||
GOLD
| Commentary : The gold enjoys roller coaster movement and hovers around $1,800 mark ahead of U.S. ADP job data. Today pair made intraday high at $1,801 and low at $1,797 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 | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above 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 : 1802 | Sell Below : 1794 | ||
| – Take Profit : 1808 | – Take Profit : 1787 | ||
| – Stop Loss : 1796 | – Stop Loss : 1799 | ||
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