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SpanishDAILY ANALYSIS REPORT JULY 06 2022
AUD / USD
| Commentary : The Aussie depreciated sharply in previous session after RBA’s Policy Rate statement and robust U.S. dollar. Today pair made intraday high at $0.6819 and low at $0.6788 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.6822 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6790 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 | 0.6822 | S1 | 0.6790 |
| R2 | 0.6850 | S2 | 0.6767 |
| R3 | 0.6874 | S3 | 0.6750 |
| R4 | 0.6899 | S4 | 0.6718 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 0.6822 | Sell Below : 0.6790 | ||
| – Take Profit : 0.6848 | – Take Profit : 0.6762 | ||
| – Stop Loss : 0.6799 | – Stop Loss : 0.6815 | ||
EUR / USD
| Commentary : The euro hit lowest level since Dec 2002 and touched $1.0235 mark in previous session. Today the pair made intraday high at $1.0271 and low at $1.0253 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0290 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0240 on H1 chart will check further supports. Traders eye EU Economic Forecasts and Retail Sales data for the further directions. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.0290 | S1 | 1.0240 |
| R2 | 1.0318 | S2 | 1.0212 |
| R3 | 1.0344 | S3 | 1.0191 |
| R4 | 1.0365 | S4 | 1.0172 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.0290 | Sell Below : 1.0240 | ||
| – Take Profit : 1.0327 | – Take Profit : 1.0211 | ||
| – Stop Loss : 1.0262 | – Stop Loss : 1.0275 | ||
GBP / USD
| Commentary : The sterling trades almost flat on Wednesday ahead of U.K.’s Construction PMI data and hovers around $1.1950 mark. Pair hit lowest level since March 2020 in previous session. Today pair made intraday high at $1.1971 and low at $1.1941 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2000 on H1 chart will check key resistances. Alternatively, a consistent close below $1.1940 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 | 1.2000 | S1 | 1.1940 |
| R2 | 1.2022 | S2 | 1.1918 |
| R3 | 1.2040 | S3 | 1.1901 |
| R4 | 1.2072 | S4 | 1.1878 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2000 | Sell Below : 1.1940 | ||
| – Take Profit : 1.2033 | – Take Profit : 1.1904 | ||
| – Stop Loss : 1.1973 | – Stop Loss : 1.1973 | ||
USD / CAD
| Commentary : The CAD fell sharply in previous session and hit lowest level since Nov 2020. Today the pair made intraday high at 1.3044 and low at 1.3014 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.3055 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2990 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 | 1.3055 | S1 | 1.2990 |
| R2 | 1.3072 | S2 | 1.2965 |
| R3 | 1.3090 | S3 | 1.2950 |
| R4 | 1.3115 | S4 | 1.2921 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3055 | Sell Below : 1.3021 | ||
| – Take Profit : 1.3092 | – Take Profit : 1.2991 | ||
| – Stop Loss : 1.3022 | – Stop Loss : 1.3050 | ||
USD / JPY
| Commentary : The Japanese yen was the only currency which strengthened in previous session against U.S. dollar and currently trading around 135.30 mark. The pair made intraday high at 135.87 and low at 135.12 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 135.55 on H1 chart requires for the upside rally. Alternatively, a consistent close below 135.10 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 | 135.55 | S1 | 135.10 |
| R2 | 135.78 | S2 | 134.80 |
| R3 | 135.99 | S3 | 134.65 |
| R4 | 136.22 | S4 | 134.50 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 135.55 | Sell Below : 135.10 | ||
| – Take Profit : 135.80 | – Take Profit : 134.81 | ||
| – Stop Loss : 135.20 | – Stop Loss : 135.40 | ||
GOLD
| Commentary : Gold gave $49 downside movement on robust U.S. dollar and DXY index data. Today the pair made intraday high at $1,772 and low at $1,764 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,778 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,760 on H1 chart will test further supports. Later today U.S. ISM Services PMI and FOMC Meeting Minute data will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1778 | S1 | 1758 |
| R2 | 1784 | S2 | 1752 |
| R3 | 1789 | S3 | 1746 |
| R4 | 1794 | S4 | 1741 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1774 | Sell Below : 1760 | ||
| – Take Profit : 1780 | – Take Profit : 1751 | ||
| – Stop Loss : 1768 | – Stop Loss : 1766 | ||
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