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SpanishDAILY ANALYSIS REPORT JANUARY 24 2022
AUD / USD
| Commentary : The Aussie remains almost unchanged after Flash PMI results and hovers around $0.7170 mark. Today pair made intraday high at $0.7187 and low at $0.7171 mark. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7190 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7172 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 | 0.7190 | S1 | 0.7172 |
| R2 | 0.7221 | S2 | 0.7155 |
| R3 | 0.7240 | S3 | 0.7140 |
| R4 | 0.7265 | S4 | 0.7115 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7190 | Sell Below : 0.7165 | ||
| – Take Profit : 0.7220 | – Take Profit : 0.7138 | ||
| – Stop Loss : 0.7168 | – Stop Loss : 0.7185 | ||
EUR / USD
| Commentary : The Euro trades marginally lower ahead of Eurozone’s Flash PMI results and stabilizes below $1.1350 mark. The pair made intraday high at $1.1345 and low at $1.1327 mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.1350 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1300 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 | 1.1300 |
| R2 | 1.1378 | S2 | 1.1276 |
| R3 | 1.1405 | S3 | 1.1255 |
| R4 | 1.1426 | S4 | 1.1218 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1350 | Sell Below : 1.1318 | ||
| – Take Profit : 1.1376 | – Take Profit : 1.1290 | ||
| – Stop Loss : 1.1322 | – Stop Loss : 1.1342 | ||
GBP / USD
| Commentary : The sterling starts a new day on a higher note and hovers around $1.3550 mark. Today pair made intraday high at $1.3565 and low at $1.3542 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1.3572 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3538 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 | 1.3572 | S1 | 1.3538 |
| R2 | 1.3599 | S2 | 1.3512 |
| R3 | 1.3618 | S3 | 1.3490 |
| R4 | 1.3640 | S4 | 1.3465 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3570 | Sell Below : 1.3538 | ||
| – Take Profit : 1.3599 | – Take Profit : 1.3510 | ||
| – Stop Loss : 1.3541 | – Stop Loss : 1.3565 | ||
USD / CAD
| Commentary : The CAD rises in early Asia and stabilizes around 1.2550 mark. Pair made intraday high at 1.2581 and low at 1.2555 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2570 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2530 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 | 1.2570 | S1 | 1.2530 |
| R2 | 1.2590 | S2 | 1.2500 |
| R3 | 1.2626 | S3 | 1.2480 |
| R4 | 1.2650 | S4 | 1.2450 |
| BUY | SELL | ||
 | | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2570 | Sell Below : 1.2540 | ||
| – Take Profit : 1.2595 | – Take Profit : 1.2515 | ||
| – Stop Loss : 1.2550 | – Stop Loss : 1.2565 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally lower as Japan’s Flash Manufacturing PMI data misses expectations. The pair made intraday high at 113.94 and low at 113.61 mark. The triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being. A sustained close above 114.00 on H1 chart requires for the upside rally. Alternatively, a consistent close below 113.57 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 | 114.00 | S1 | 113.57 |
| R2 | 114.30 | S2 | 113.38 |
| R3 | 114.50 | S3 | 113.12 |
| R4 | 114.77 | S4 | 112.90 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 114.00 | Sell Below : 113.70 | ||
| – Take Profit : 114.30 | – Take Profit : 113.40 | ||
| – Stop Loss : 113.72 | – Stop Loss : 113.94 | ||
GOLD
| Commentary : The gold starts a new week on a positive note and remains well supported above $1,830 mark. Today pair made intraday high at $1,837 and low at $1,832 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,841 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,830 will check further supports. U.S. Flash PMI data 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 | 1841 | S1 | 1832 |
| R2 | 1847 | S2 | 1827 |
| R3 | 1854 | S3 | 1821 |
| R4 | 1860 | S4 | 1815 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1840 | Sell Below : 1832 | ||
| – Take Profit : 1846 | – Take Profit : 1825 | ||
| – Stop Loss : 1835 | – Stop Loss : 1837 | ||
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