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SpanishDAILY ANALYSIS REPORT JANUARY 20 2022
AUD / USD
| Commentary : The Aussie strengthens on Thursday on higher than expected Employment Change results and touches $0.7256 mark in early Asia. Today pair made intraday high at $0.7256 and low at $0.7206 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7240 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7202 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 | 0.7276 | S1 | 0.7202 |
| R2 | 0.7299 | S2 | 0.7172 |
| R3 | 0.7318 | S3 | 0.7155 |
| R4 | 0.7350 | S4 | 0.7130 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7250 | Sell Below : 0.7220 | ||
| – Take Profit : 0.7280 | – Take Profit : 0.7189 | ||
| – Stop Loss : 0.7222 | – Stop Loss : 0.7242 | ||
EUR / USD
| Commentary : The Euro recovers from previous losses and remains well supported around $1.1350 mark ahead of ECB’s Monetary Policy Meeting Accounts. The pair made intraday high at $1.1365 and low at $1.1340 mark. Today triple EMA on a day chart and H1 chart suggests down trend for the time being. A consistent close above $1.1360 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1330 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 | 1.1378 | S1 | 1.1330 |
| R2 | 1.1405 | S2 | 1.1312 |
| R3 | 1.1426 | S3 | 1.1276 |
| R4 | 1.1454 | S4 | 1.1255 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1365 | Sell Below : 1.1340 | ||
| – Take Profit : 1.1388 | – Take Profit : 1.1318 | ||
| – Stop Loss : 1.1342 | – Stop Loss : 1.1360 | ||
GBP / USD
| Commentary : The sterling starts a new day on appositive note and jumps back above $1.3600 mark. Today pair made intraday high at $1.3635 and low at $1.3601 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1.3643 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3600 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 | 1.3650 | S1 | 1.3600 |
| R2 | 1.3672 | S2 | 1.3577 |
| R3 | 1.3699 | S3 | 1.3550 |
| R4 | 1.3724 | S4 | 1.3518 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3640 | Sell Below : 1.3602 | ||
| – Take Profit : 1.3662 | – Take Profit : 1.3577 | ||
| – Stop Loss : 1.3611 | – Stop Loss : 1.3630 | ||
USD / CAD
| Commentary : The CAD exhibits range bound movement and consolidates around 1.2500 mark. Pair made intraday high at 1.2516 and low at 1.2492 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 1.2460 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 | 1.2530 | S1 | 1.2472 |
| R2 | 1.2565 | S2 | 1.2455 |
| R3 | 1.2590 | S3 | 1.2425 |
| R4 | 1.2626 | S4 | 1.2397 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2530 | Sell Below : 1.2483 | ||
| – Take Profit : 1.2555 | – Take Profit : 1.2450 | ||
| – Stop Loss : 1.2502 | – Stop Loss : 1.2515 | ||
USD / JPY
| Commentary : The Japanese yen rises in early Asian hours after robust trade balance data and hovers around 114.30 mark. The pair made intraday high at 114.41 and low at 114.02 mark. The triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being. A sustained close above 114.50 on H1 chart requires for the upside rally. Alternatively, a consistent close below 114.12 on H1 chart will check further key supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 114.50 | S1 | 114.12 |
| R2 | 114.74 | S2 | 113.91 |
| R3 | 115.00 | S3 | 113.70 |
| R4 | 115.38 | S4 | 113.37 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 114.50 | Sell Below : 114.10 | ||
| – Take Profit : 114.76 | – Take Profit : 113.78 | ||
| – Stop Loss : 114.21 | – Stop Loss : 114.37 | ||
GOLD
| Commentary : The gold spiked up drastically in previous session after Biden’s comment for tightening Monetary Policy and touches $1,844 mark. Today pair made intraday high at $1,844 and low at $1,838 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,842 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,832 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 | 1849 | S1 | 1837 |
| R2 | 1854 | S2 | 1832 |
| R3 | 1860 | S3 | 1827 |
| R4 | 1864 | S4 | 1821 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1846 | Sell Below : 1834 | ||
| – Take Profit : 1852 | – Take Profit : 1827 | ||
| – Stop Loss : 1841 | – Stop Loss : 1839 | ||
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