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SpanishDAILY ANALYSIS REPORT JULY 04 2022
AUD / USD
| Commentary : The Aussie remains slightly volatile during early Asian hours but Australia’s strong Building approval data failed to lift the Aussie against U.S. dollar. Today pair made intraday high at $0.6828 and low at $0.6793 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.6832 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6790 will check further supports. | |||
| Indicators | H1 | ||
| Trends | DownTrend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.6832 | S1 | 0.6790 |
| R2 | 0.6876 | S2 | 0.6765 |
| R3 | 0.6900 | S3 | 0.6750 |
| R4 | 0.6922 | S4 | 0.6721 |
| BUY | SELL | ||
 |
 |
||
| Buy Above : 0.6830 | Sell Below : 0.6790 | ||
| – Take Profit : 0.6857 | – Take Profit : 0.6760 | ||
| – Stop Loss : 0.6805 | – Stop Loss : 0.6820 | ||
EUR / USD
| Commentary : The euro starts a new week on a flat note ahead of German Trade balance and Euro Zone’s PPI data. Today the pair made intraday high at $1.0444 and low at $1.0416 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0450 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0415 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 | 1.0450 | S1 | 1.0415 |
| R2 | 1.0476 | S2 | 1.0400 |
| R3 | 1.0499 | S3 | 1.0378 |
| R4 | 1.0522 | S4 | 1.0350 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.0450 | Sell Below : 1.0430 | ||
| – Take Profit : 1.0472 | – Take Profit : 1.0402 | ||
| – Stop Loss : 1.0422 | – Stop Loss : 1.0462 | ||
GBP / USD
| Commentary : The sterling remains almost unchanged from the previous close and stabilizes below $1.2100 mark. Today pair made intraday high at $1.2122 and low at $1.2084 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2112 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2070 will check further supports. U.K.’s Economic calendar will remain 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 | 1.2112 | S1 | 1.2070 |
| R2 | 1.2150 | S2 | 1.2038 |
| R3 | 1.2176 | S3 | 1.2020 |
| R4 | 1.2194 | S4 | 1.2002 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2112 | Sell Below : 1.2072 | ||
| – Take Profit : 1.2140 | – Take Profit : 1.2038 | ||
| – Stop Loss : 1.2086 | – Stop Loss : 1.2101 | ||
USD / CAD
| Commentary : The CAD trades marginally lower on Monday ahead of Canada’s Business outlook survey data and hovers around 1.2900 mark. Today the pair made intraday high at 1.2903 and low at 1.2874 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2915 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2878 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 | 1.2915 | S1 | 1.2878 |
| R2 | 1.2955 | S2 | 1.2855 |
| R3 | 1.2970 | S3 | 1.2830 |
| R4 | 1.3001 | S4 | 1.2804 |
| BUY | SELL | ||
 |
 |
||
| Buy Above : 1.2915 | Sell Below : 1.2871 | ||
| – Take Profit : 1.2950 | – Take Profit : 1.2840 | ||
| – Stop Loss : 1.2891 | – Stop Loss : 1.2900 | ||
USD / JPY
| Commentary : The Japanese yen starts a new week on a flat note and hovers around 135.00 mark. The pair made intraday high at 135.14 and low at 134.78 mark. The triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being. A sustained close above 135.30 on H1 chart requires for the upside rally. Alternatively, a consistent close below 134.72 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 | 135.30 | S1 | 134.72 |
| R2 | 135.55 | S2 | 134.30 |
| R3 | 135.76 | S3 | 134.12 |
| R4 | 135.98 | S4 | 134.00 |
| BUY | SELL | ||
 |
 |
||
| Buy Above : 135.30 | Sell Below : 134.72 | ||
| – Take Profit : 135.70 | – Take Profit : 134.40 | ||
| – Stop Loss : 135.03 | – Stop Loss : 135.03 | ||
GOLD
| Commentary : Gold starts a new week on a positive note and remains well supported above $1,800 mark. U.S. banks will be closed in observance of Independence Day. Today the pair made intraday high at $1,814 and low at $1,805 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,818 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,808 on H1 chart will test further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1818 | S1 | 1804 |
| R2 | 1822 | S2 | 1799 |
| R3 | 1828 | S3 | 1794 |
| R4 | 1832 | S4 | 1789 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1818 | Sell Below : 1808 | ||
| – Take Profit : 1824 | – Take Profit : 1802 | ||
| – Stop Loss : 1811 | – Stop Loss : 1814 | ||
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