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SpanishDAILY ANALYSIS REPORT FEBRUARY 17 2022
AUD / USD
| Commentary : The Aussie strengthens sharply after robust Employment Change data and jumps back above $0.7200 mark. Today pair made intraday high at $0.7215 and low at $0.7190 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7222 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7190 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 | 0.7222 | S1 | 0.7190 |
| R2 | 0.7250 | S2 | 0.7170 |
| R3 | 0.7272 | S3 | 0.7137 |
| R4 | 0.7299 | S4 | 0.7110 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7222 | Sell Below : 0.7185 | ||
| – Take Profit : 0.7250 | – Take Profit : 0.7155 | ||
| – Stop Loss : 0.7189 | – Stop Loss : 0.7210 | ||
EUR / USD
| Commentary : The Euro trades in narrow range ahead of economic light calendar and trading around $1.1380 mark. The pair made intraday high at $1.1384 and low at $1.1367 mark. Today triple EMA on a day chart and H1 chart suggest up trend for the time being. A consistent close above $1.1390 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1362 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 | 1.1390 | S1 | 1.1362 |
| R2 | 1.1405 | S2 | 1.1330 |
| R3 | 1.1432 | S3 | 1.1300 |
| R4 | 1.1457 | S4 | 1.1280 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1395 | Sell Below : 1.1362 | ||
| – Take Profit : 1.1421 | – Take Profit : 1.1330 | ||
| – Stop Loss : 1.1370 | – Stop Loss : 1.1390 | ||
GBP / USD
| Commentary : The sterling trades marginally higher on Thursday and hovers around $1.3600 mark. U.K.’s Economic Calendar is empty for the day. Today pair made intraday high at $1.3603 and low at $1.3573 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $1.3605 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3570 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 | 1.3605 | S1 | 1.3570 |
| R2 | 1.3637 | S2 | 1.3555 |
| R3 | 1.3650 | S3 | 1.3521 |
| R4 | 1.3672 | S4 | 1.3502 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3605 | Sell Below : 1.3576 | ||
| – Take Profit : 1.3630 | – Take Profit : 1.3550 | ||
| – Stop Loss : 1.3580 | – Stop Loss : 1.3599 | ||
USD / CAD
| Commentary : The CAD depreciates sharply during Asian hours and stabilizes above 1.2700 mark. Pair made intraday high at 1.2734 and low at 1.2679 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2730 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2672 on H1 chart will check key supports too. Canada’s Housing start data is in focus. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2730 | S1 | 1.2672 |
| R2 | 1.2750 | S2 | 1.2650 |
| R3 | 1.2772 | S3 | 1.2626 |
| R4 | 1.2799 | S4 | 1.260 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2738 | Sell Below : 1.2687 | ||
| – Take Profit : 1.2768 | – Take Profit : 1.2655 | ||
| – Stop Loss : 1.2705 | – Stop Loss : 1.2715 | ||
USD / JPY
| Commentary : The Japanese yen remains almost unchanged after Core Machinery Orders and Trade Balance data and trading around 115.50 mark. The pair made intraday high at 115.53 and low at 115.33 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 115.55 on H1 chart requires for the upside rally. Alternatively, a consistent close below 115.30 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 | 115.55 | S1 | 115.30 |
| R2 | 115.76 | S2 | 115.10 |
| R3 | 115.94 | S3 | 114.90 |
| R4 | 116.15 | S4 | 114.65 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 115.57 | Sell Below : 115.30 | ||
| – Take Profit : 115.78 | – Take Profit : 115.10 | ||
| – Stop Loss : 115.31 | – Stop Loss : 115.50 | ||
GOLD
| Commentary : Gold remains volatile on Thursday on the news of Ukraine Forces firing grenades on four different localities. Today pair made intraday high at $1,876 and low at $1,867 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,876 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,864 will check further supports. Traders eye U.S. Philly Fed Manufacturing Data scheduled later today. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1876 | S1 | 1864 |
| R2 | 1882 | S2 | 1857 |
| R3 | 1889 | S3 | 1852 |
| R4 | 1894 | S4 | 1847 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1878 | Sell Below : 1864 | ||
| – Take Profit : 1886 | – Take Profit : 1857 | ||
| – Stop Loss : 1871 | – Stop Loss : 1870 | ||
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