English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
SpanishDAILY ANALYSIS REPORT FEBRUARY 07 2022
AUD / USD
| Commentary : The Aussie remains almost unchanged in Asian hours after AIG Services Index and Retail Sales data. Today pair made intraday high at $0.7085 and low at $0.7065 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.7081 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7055 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 | 0.7090 | S1 | 0.7055 |
| R2 | 0.7126 | S2 | 0.7021 |
| R3 | 0.7150 | S3 | 0.7002 |
| R4 | 0.7172 | S4 | 0.6972 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7090 | Sell Below : 0.7055 | ||
| – Take Profit : 0.7122 | – Take Profit : 0.7021 | ||
| – Stop Loss : 0.7065 | – Stop Loss : 0.7078 | ||
EUR / USD
| Commentary : The Euro trades slightly lower ahead of German Industrial Production data and stabilizes above $1.1400 mark. The pair made intraday high at $1.1464 and low at $1.1424 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.1452 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1415 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 | 1.1452 | S1 | 1.1415 |
| R2 | 1.1476 | S2 | 1.1381 |
| R3 | 1.1490 | S3 | 1.1365 |
| R4 | 1.1518 | S4 | 1.1337 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1450 | Sell Below : 1.1412 | ||
| – Take Profit : 1.1476 | – Take Profit : 1.1385 | ||
| – Stop Loss : 1.1422 | – Stop Loss : 1.1440 | ||
GBP / USD
| Commentary : The sterling starts a new week on a lower note ahead of U.K.’s HPI data and trading around $1.3520 mark. Today pair made intraday high at $1.3546 and low at $1.3515 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1.3542 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3510 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 | 1.3542 | S1 | 1.3510 |
| R2 | 1.3570 | S2 | 1.3490 |
| R3 | 1.3592 | S3 | 1.3465 |
| R4 | 1.3618 | S4 | 1.3450 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3540 | Sell Below : 1.3510 | ||
| – Take Profit : 1.3565 | – Take Profit : 1.3480 | ||
| – Stop Loss : 1.3512 | – Stop Loss : 1.3532 | ||
USD / CAD
| Commentary : The CAD rises during Asian hours and remains well supported below 1.2750 mark. Pair made intraday high at 1.2756 and low at 1.2734 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.2750 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2712 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 | 1.2750 | S1 | 1.2712 |
| R2 | 1.2774 | S2 | 1.2680 |
| R3 | 1.2798 | S3 | 1.2665 |
| R4 | 1.2815 | S4 | 1.2650 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2755 | Sell Below : 1.2715 | ||
| – Take Profit : 1.2780 | – Take Profit : 1.2680 | ||
| – Stop Loss : 1.2727 | – Stop Loss : 1.2750 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally lower on Monday and remains well supported above 115.00 mar. The pair made intraday high at 115.34 and low at 115.13 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 115.36 on H1 chart requires for the upside rally. Alternatively, a consistent close below 114.99 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 | 115.47 | S1 | 115.12 |
| R2 | 115.82 | S2 | 114.80 |
| R3 | 116.15 | S3 | 114.62 |
| R4 | 116.52 | S4 | 114.37 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 115.40 | Sell Below : 115.02 | ||
| – Take Profit : 115.76 | – Take Profit : 114.78 | ||
| – Stop Loss : 115.10 | – Stop Loss : 115.30 | ||
GOLD
| Commentary : The gold trades slightly higher on Monday and stabilizes above $1,800 mark. U.S. Calendar will remain empty for the day. Today pair made intraday high at $1,815 and low at $1,807 mark. A triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above $1,814 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,806 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 | 1818 | S1 | 1806 |
| R2 | 1824 | S2 | 1801 |
| R3 | 1830 | S3 | 1796 |
| R4 | 1836 | S4 | 1790 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1814 | Sell Below : 1806 | ||
| – Take Profit : 1820 | – Take Profit : 1799 | ||
| – Stop Loss : 1808 | – Stop Loss : 1811 | ||
Download Report in PDF
We provide every solution to start your own
TP Global FX Research Team
With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia.