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SpanishDAILY ANALYSIS REPORT JANUARY 11 2022
AUD / USD
| Commentary : The Aussie appreciates on Tuesday after robust Retail Sales data and hovers around $0.7190 mark. Today pair made intraday high at $0.7190 and low at $0.7167 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7199 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7157 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 | 0.7199 | S1 | 0.7157 |
| R2 | 0.7226 | S2 | 0.7126 |
| R3 | 0.7250 | S3 | 0.7097 |
| R4 | 0.7272 | S4 | 0.7070 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7202 | Sell Below : 0.7170 | ||
| – Take Profit : 0.7228 | – Take Profit : 0.7140 | ||
| – Stop Loss : 0.7180 | – Stop Loss : 0.7191 | ||
EUR / USD
| Commentary : The Euro exhibits range bound movement and consolidates around $1.1315 mark. The pair made intraday high at $1.1343 and low at $1.1320 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.1350 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1320 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 | 1.1350 | S1 | 1.1315 |
| R2 | 1.1384 | S2 | 1.1280 |
| R3 | 1.1410 | S3 | 1.1254 |
| R4 | 1.1438 | S4 | 1.1227 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1350 | Sell Below : 1.1327 | ||
| – Take Profit : 1.1376 | – Take Profit : 1.1302 | ||
| – Stop Loss : 1.1333 | – Stop Loss : 1.1347 | ||
GBP / USD
| Commentary : The sterling strengthens sharply after robust BRC Retail sales Monitor results and hovers around $1.3600 mark. Today pair made intraday high at $1.3597 and low at $1.3565 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $1.3610 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 | 1.3610 | S1 | 1.3570 |
| R2 | 1.3637 | S2 | 1.3554 |
| R3 | 1.3662 | S3 | 1.3522 |
| R4 | 1.3684 | S4 | 1.3500 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3602 | Sell Below : 1.3572 | ||
| – Take Profit : 1.3627 | – Take Profit : 1.3538 | ||
| – Stop Loss : 1.3580 | – Stop Loss : 1.3596 | ||
USD / CAD
| Commentary : The CAD trades marginally higher on Tuesday and hovers around 1.2650 mark. Pair made intraday high at 1.2676 to 1.2644 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2675 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2640 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 | 1.2675 | S1 | 1.2640 |
| R2 | 1.2700 | S2 | 1.2610 |
| R3 | 1.2723 | S3 | 1.2582 |
| R4 | 1.2754 | S4 | 1.2565 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2670 | Sell Below : 1.2637 | ||
| – Take Profit : 1.2694 | – Take Profit : 1.2611 | ||
| – Stop Loss : 1.2651 | – Stop Loss : 1.2662 | ||
USD / JPY
| Commentary : | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 115.47 | S1 | 115.09 |
| R2 | 115.75 | S2 | 114.90 |
| R3 | 116.00 | S3 | 114.62 |
| R4 | 116.30 | S4 | 114.30 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 115.47 | Sell Below : 115.12 | ||
| – Take Profit : 115.70 | – Take Profit : 114.89 | ||
| – Stop Loss : 115.22 | – Stop Loss : 115.30 | ||
GOLD
| Commentary : The gold starts a new day on a positive note ahead of Fed Chair Powell’s Testimony and remains well supported above $1,800 mark. Today pair made intraday high at $1,807 and low at $1,800 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,808 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,798 will check further supports. U.S. calendar is empty for the day. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1808 | S1 | 1798 |
| R2 | 1814 | S2 | 1792 |
| R3 | 1820 | S3 | 1786 |
| R4 | 1824 | S4 | 1781 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1808 | Sell Below : 1800 | ||
| – Take Profit : 1814 | – Take Profit : 1795 | ||
| – Stop Loss : 1804 | – Stop Loss : 1804 | ||
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