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SpanishDAILY ANALYSIS REPORT JANUARY 18 2022
AUD / USD
| Commentary : The Aussie trades marginally higher on Tuesday and stabilizes above $0.7200 mark. Today pair made intraday high at $0.7227 and low at $0.7204 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.7230 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7190 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 | 0.7230 | S1 | 0.7190 |
| R2 | 0.7255 | S2 | 0.7172 |
| R3 | 0.7276 | S3 | 0.7140 |
| R4 | 0.7299 | S4 | 0.7110 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7230 | Sell Below : 0.7202 | ||
| – Take Profit : 0.7255 | – Take Profit : 0.7178 | ||
| – Stop Loss : 0.7209 | – Stop Loss : 0.7225 | ||
EUR / USD
| Commentary: The Euro exhibits range-bound movement ahead of German ZEW Economic Sentiment data and remains well supported above $1.1400 mark. The pair made intraday high at $1.1421 and low at $1.1403 mark. Today triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A consistent close above $1.1432 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1403 on H1 chart will check further supports. Today Eurogroup Meeting will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.1432 | S1 | 1.1403 |
| R2 | 1.1465 | S2 | 1.1382 |
| R3 | 1.1476 | S3 | 1.1365 |
| R4 | 1.1504 | S4 | 1.1336 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1435 | Sell Below : 1.1400 | ||
| – Take Profit : 1.1460 | – Take Profit : 1.1380 | ||
| – Stop Loss : 1.1403 | – Stop Loss : 1.1422 | ||
GBP / USD
| Commentary : The sterling weakens drastically during Asian hours ahead of U.K.’s Claimant Count Change data and stabilizes below $1.3650 mark. Today pair made intraday high at $1.3661 and low at $1.3626 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1.3660 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3620 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 | 1.3660 | S1 | 1.3620 |
| R2 | 1.3690 | S2 | 1.3600 |
| R3 | 1.3712 | S3 | 1.3580 |
| R4 | 1.3730 | S4 | 1.3565 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3660 | Sell Below : 1.3620 | ||
| – Take Profit : 1.3685 | – Take Profit : 1.3590 | ||
| – Stop Loss : 1.3626 | – Stop Loss : 1.3640 | ||
USD / CAD
| Commentary : The CAD remains volatile during Asian hours and jumps back above 1.2500 mark. Pair made intraday high at 1.2533 and low at 1.2485 mark. Today a day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above 1.2530 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2488 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 | 1.2530 | S1 | 1.2488 |
| R2 | 1.2565 | S2 | 1.2472 |
| R3 | 1.2590 | S3 | 1.2455 |
| R4 | 1.2626 | S4 | 1.2425 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2450 | Sell Below : 1.2487 | ||
| – Take Profit : 1.2565 | – Take Profit : 1.2452 | ||
| – Stop Loss : 1.2510 | – Stop Loss : 1.2514 | ||
USD / JPY
| Commentary : The Japanese yen depreciates immediately after BoJ’s Monetary Policy Statement as BoJ keeps policy rate unchanged at -0.10 pct. The pair made intraday high at 114.82 and low at 114.44 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 114.85 on H1 chart requires for the upside rally. Alternatively, a consistent close below 114.47 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 | 114.85 | S1 | 114.47 |
| R2 | 115.15 | S2 | 114.10 |
| R3 | 115.38 | S3 | 113.70 |
| R4 | 115.65 | S4 | 113.37 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 114.85 | Sell Below : 114.60 | ||
| – Take Profit : 115.20 | – Take Profit : 114.37 | ||
| – Stop Loss : 114.57 | – Stop Loss : 114.82 | ||
GOLD
| Commentary : The gold spikes down sharply in Asian hours as U.S. Treasury Yields climb noticeably. Today pair made intraday high at $1,822 and low at $1,815 mark. A triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above $1,822 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,814 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 | 1827 | S1 | 1812 |
| R2 | 1832 | S2 | 1806 |
| R3 | 1838 | S3 | 1799 |
| R4 | 1844 | S4 | 1794 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1823 | Sell Below : 1812 | ||
| – Take Profit : 1828 | – Take Profit : 1806 | ||
| – Stop Loss : 1818 | – Stop Loss : 1817 | ||
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