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SpanishDAILY ANALYSIS REPORT JULY 07 2022
AUD / USD
| Commentary : The Aussie starts a new day on a positive note and jumps back above $0.6800 mark. Today pair made intraday high at $0.6820 and low at $0.6764 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.6832 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6762 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 | 0.6832 | S1 | 0.6762 |
| R2 | 0.6850 | S2 | 0.6748 |
| R3 | 0.6874 | S3 | 0.6715 |
| R4 | 0.6899 | S4 | 0.6701 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 0.6832 | Sell Below : 0.6796 | ||
| – Take Profit : 0.6860 | – Take Profit : 0.6761 | ||
| – Stop Loss : 0.6804 | – Stop Loss : 0.6824 | ||
EUR / USD
| Commentary : The euro spiked down extremely in previous session and fell below $1.0200 mark. Today the pair made intraday high at $1.0209 and low at $1.0176 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0224 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0170 on H1 chart will check further supports. Traders eye EU Economic Forecasts and ECB Monetary Policy Meeting Account results for the further directions. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.0224 | S1 | 1.0172 |
| R2 | 1.0250 | S2 | 1.0137 |
| R3 | 1.0272 | S3 | 1.0115 |
| R4 | 1.0298 | S4 | 1.0091 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.0225 | Sell Below : 1.0170 | ||
| – Take Profit : 1.0260 | – Take Profit : 1.0130 | ||
| – Stop Loss : 1.0190 | – Stop Loss : 1.0205 | ||
GBP / USD
| Commentary : The sterling trades marginally higher on Thursday and hovers around $1.1950 mark. Pair hit lowest level since March 2020 in previous session. Today pair made intraday high at $1.1953 and low at $1.1908 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.1970 on H1 chart will check key resistances. Alternatively, a consistent close below $1.1915 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 | 1.1970 | S1 | 1.1915 |
| R2 | 1.2000 | S2 | 1.1901 |
| R3 | 1.2022 | S3 | 1.1875 |
| R4 | 1.2040 | S4 | 1.1850 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.1970 | Sell Below : 1.1908 | ||
| – Take Profit : 1.1999 | – Take Profit : 1.1878 | ||
| – Stop Loss : 1.1930 | – Stop Loss : 1.1941 | ||
USD / CAD
| Commentary : The CAD moves in rigid boundaries ahead of Canada’s Ivey PMI data and stabilizes above $1.3000 mark. Today the pair made intraday high at 1.3055 and low at 1.3011 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.3075 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.3002 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 | 1.3055 | S1 | 1.3002 |
| R2 | 1.3072 | S2 | 1.2976 |
| R3 | 1.3090 | S3 | 1.2950 |
| R4 | 1.3115 | S4 | 1.2921 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3050 | Sell Below : 1.3002 | ||
| – Take Profit : 1.3080 | – Take Profit : 1.2971 | ||
| – Stop Loss : 1.3022 | – Stop Loss : 1.3030 | ||
USD / JPY
| Commentary : The Japanese yen enjoys roller coaster movement and remains well supported above 135.50 mark. The pair made intraday high at 136.06 and low at 135.55 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 136.02 on H1 chart requires for the upside rally. Alternatively, a consistent close below 135.40 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 | 136.12 | S1 | 135.40 |
| R2 | 136.30 | S2 | 135.10 |
| R3 | 136.62 | S3 | 134.80 |
| R4 | 136.90 | S4 | 134.52 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 136.00 | Sell Below : 135.55 | ||
| – Take Profit : 136.30 | – Take Profit : 135.12 | ||
| – Stop Loss : 135.78 | – Stop Loss : 135.82 | ||
GOLD
| Commentary : Gold recovers slightly from previous losses and stabilizes back above $1,740 mark. Today the pair made intraday high at $1,747 and low at $1,736 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,752 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,732 on H1 chart will test further supports. Later today U.S. ISM Services PMI and FOMC Meeting Minute data will remain in focus. Later today U.S. Trade Balance as well as ADP Job data (Tentative) may give further directions to the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1752 | S1 | 1732 |
| R2 | 1758 | S2 | 1726 |
| R3 | 1764 | S3 | 1720 |
| R4 | 1770 | S4 | 1714 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1748 | Sell Below : 1730 | ||
| – Take Profit : 1754 | – Take Profit : 1721 | ||
| – Stop Loss : 1741 | – Stop Loss : 1737 | ||
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