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SpanishDAILY ANALYSIS REPORT FEBRUARY 08 2022
AUD / USD
| Commentary : The Aussie trades slightly higher after NAB Business Confidence data and trading around $0.7130 mark. Today pair made intraday high at $0.7138 and low at $0.7119 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7150 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 | 0.7150 | S1 | 0.7102 |
| R2 | 0.7172 | S2 | 0.7080 |
| R3 | 0.7199 | S3 | 0.7062 |
| R4 | 0.7222 | S4 | 0.7038 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7140 | Sell Below : 0.7115 | ||
| – Take Profit : 0.7172 | – Take Profit : 0.7090 | ||
| – Stop Loss : 0.7120 | – Stop Loss : 0.7136 | ||
EUR / USD
| Commentary : The Euro moves in stiff boundaries on Tuesday and remains well supported below $1.1450 mark. The pair made intraday high at $1.1448 and low at $1.1426 mark. Today triple EMA on a day chart and H1 chart suggest up trend for the time being. A consistent close above $1.1455 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 | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.1455 | 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 : 1.1411 | ||
| – Take Profit : 1.1476 | – Take Profit : 1.1382 | ||
| – Stop Loss : 1.1422 | – Stop Loss : 1.1440 | ||
GBP / USD
| Commentary : The sterling exhibits range bound movement and consolidates around $1.3530 mark. Today pair made intraday high at $1.3539 and low at $1.3520 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1.3543 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3496 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 | 1.3543 | S1 | 1.3496 |
| R2 | 1.3570 | S2 | 1.3472 |
| R3 | 1.3592 | S3 | 1.3450 |
| R4 | 1.3618 | S4 | 1.3422 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3552 | Sell Below : 1.3512 | ||
| – Take Profit : 1.3578 | – Take Profit : 1.3480 | ||
| – Stop Loss : 1.3522 | – Stop Loss : 1.3540 | ||
USD / CAD
| Commentary : The CAD enjoys roller coaster movement ahead of Canada’s Trade Balance data and trading around 1.2680 mark. Pair made intraday high at 1.2686 and low at 1.2659 mark. Today a day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2699 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2657 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 | 1.2699 | S1 | 1.2657 |
| R2 | 1.2715 | S2 | 1.2630 |
| R3 | 1.2738 | S3 | 1.2612 |
| R4 | 1.2772 | S4 | 1.2590 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2699 | Sell Below : 1.2655 | ||
| – Take Profit : 1.2727 | – Take Profit : 1.2622 | ||
| – Stop Loss : 1.2662 | – Stop Loss : 1.2675 | ||
USD / JPY
| Commentary : The Japanese yen falls noticeably in early Asia after lower than expected key economic results and remains well supported above 115.00 mark. The pair made intraday high at 115.41 and low at 115.04 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 114.90 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 | 114.90 |
| R2 | 115.82 | S2 | 114.65 |
| R3 | 116.15 | S3 | 114.37 |
| R4 | 116.52 | S4 | 114.12 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 115.48 | Sell Below : 115.02 | ||
| – Take Profit : 115.75 | – Take Profit : 114.78 | ||
| – Stop Loss : 115.20 | – Stop Loss : 115.30 | ||
GOLD
| Commentary : The gold rises sharply and stabilizes above $1,720 mark ahead of U.S. Trade Balance data. Today pair made intraday high at $1,823 and low at $1,820 mark. A triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above $1,822 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,818 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 | 1824 | S1 | 1818 |
| R2 | 1830 | S2 | 1812 |
| R3 | 1836 | S3 | 1806 |
| R4 | 1842 | S4 | 1821 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.64489 | Sell Below : 0.64489 | ||
| – Take Profit : 0.64489 | – Take Profit : 0.64489 | ||
| – Stop Loss : 0.64489 | – Stop Loss : 0.64489 | ||
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