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SpanishDAILY ANALYSIS REPORT FEBRUARY-26-2021
AUD / USD
| Commentary : The Aussie erases previous gain against U.S. dollar and touches $0.7823 mark is Asian hours. In previous session, pair jumped above $0.8000 mark but failed to find support above it. A day chart with triple EMA still suggests bullish trend in long run but on H1 chart, triple EMA confirms bearish trend for the time being. A sustained close above $0.7875 on H1 chart requires for the upside rally. Alternatively, current downside movement will check further supports too. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7875 | S1 | 0.7822 |
| R2 | 0.7940 | S2 | 0.7799 |
| R3 | 0.7967 | S3 | 0.7767 |
| R4 | 0.8056 | S4 | 0.7712 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.79004 | Sell Below : 0.78233 | ||
| – Take Profit : 0.79250 | – Take Profit : 0.77937 | ||
| – Stop Loss : 0.78740 | – Stop Loss : 0.78508 | ||
EUR / USD
| Commentary : The euro trades marginally lower on Friday and consolidates around $1.2150 mark. The pair made intraday high at $1.2183 and low at $1.2127 mark. The triple EMA on H1 suggests bearish trend, while a Day chart confirms the bullish trend in long run. The expected range for the parity will be $1.2190 to $1.2084 mark. A sustained close of either side on H1 chart will provide further direction to the parity. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2190 | S1 | 1.2122 |
| R2 | 1.2242 | S2 | 1.2084 |
| R3 | 1.2266 | S3 | 1.2020 |
| R4 | 1.2323 | S4 | 1.1961 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.21841 | Sell Below : 1.21364 | ||
| – Take Profit : 1.22070 | – Take Profit : 1.21059 | ||
| – Stop Loss : 1.21619 | – Stop Loss : 1.21749 | ||
GBP / USD
| Commentary : The sterling weakens sharply on Friday and hovers around $1.3950 mark in Asia hours. The H1 chart with triple EMA confirms the short term trend reversal while a Day chart suggests the bullish trend in long run. The key boundaries for the parity will be $1.39 to $1.4034 mark. A sustained close of either side on H1 chart requires for the further outlook of the parity. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.4034 | S1 | 1.3900 |
| R2 | 1.4086 | S2 | 1.3856 |
| R3 | 1.4120 | S3 | 1.3815 |
| R4 | 1.4168 | S4 | 1.3750 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.40496 | Sell Below : 1.39462 | ||
| – Take Profit : 1.40906 | – Take Profit : 1.39078 | ||
| – Stop Loss : 1.39911 | – Stop Loss : 1.39941 | ||
USD / CAD
| Commentary : The Canadian dollar falls drastically and breaks key resistance at 1.2610 mark in Asian hours. The pair made intraday high at 1.2649 and low at 1.2587 mark. A day chart still signals a bearish trend for a short run. While triple EMA on H1 suggests up trend for the time being. The expected range of the parity will be 1.2653 to 1.2570 mark. A sustained close of either side on H1 chart requires for the further trend confirmation. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2653 | S1 | 1.2570 |
| R2 | 1.2684 | S2 | 1.2522 |
| R3 | 1.2710 | S3 | 1.2490 |
| R4 | 1.2751 | S4 | 1.2467 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.26827 | Sell Below : 1.25651 | ||
| – Take Profit : 1.26644 | – Take Profit : 1.25329 | ||
| – Stop Loss : 1.25913 | – Stop Loss : 1.26002 | ||
USD / JPY
| Commentary : The Japanese yen depreciates in early Asia despite robust industrial production and retail sales data. The day as well as H1 chart with triple EMA suggests bullish trend. A sustained close above 106.40 on H1 chart requires for the upside rally. Alternatively, a successful break below 105.70 will drag the parity back below 105.00 mark. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 106.40 | S1 | 105.70 |
| R2 | 106.78 | S2 | 105.22 |
| R3 | 107.22 | S3 | 104.92 |
| R4 | 107.38 | S4 | 104.55 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 106.304 | Sell Below : 105.873 | ||
| – Take Profit : 106.597 | – Take Profit : 105.583 | ||
| – Stop Loss : 105.970 | – Stop Loss : 106.188 | ||
GOLD
| Commentary : Gold weakens extremely and touches $1,765 mark during Asian time. Here a day as well as H1 chart suggests the down trend for the time being. A sustained close below $1,761 on H1 chart requires for the downside rally. Alternatively, reversal from here will take the parity back above $1,800 mark. An immediate resistance is seen at $1,787 mark. A consistent close above $1,787 on a day chart requires for the upside rally. Later today, U.S. has schedule to release many key economic indicators. This may bring high volatility and further direction to the parity. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1787 | S1 | 1761 |
| R2 | 1794 | S2 | 1754 |
| R3 | 1802 | S3 | 1747 |
| R4 | 1808 | S4 | 1740 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1779.17 | Sell Below : 1762.10 | ||
| – Take Profit : 1786.03 | – Take Profit : 1757.25 | ||
| – Stop Loss : 1769.56 | – Stop Loss : 1769.80 | ||
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