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SpanishDAILY ANALYSIS REPORT JULY 08 2022
AUD / USD
| Commentary : The Aussie trades slightly lower on Friday as Australia’s economic calendar will remain empty for the day. Today pair made intraday high at $0.6861 and low at $0.6822 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.6860 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6812 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 | 0.6860 | S1 | 0.6812 |
| R2 | 0.6874 | S2 | 0.6782 |
| R3 | 0.6899 | S3 | 0.6750 |
| R4 | 0.6924 | S4 | 0.6720 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 0.6850 | Sell Below : 0.6802 | ||
| – Take Profit : 0.6878 | – Take Profit : 0.6776 | ||
| – Stop Loss : 0.6821 | – Stop Loss : 0.6830 | ||
EUR / USD
| Commentary : The euro continues to trade lower ahead of EU’s Economic Forecasts and ECB President Lagarde’s speech. She is due to speak at the Economic Meetings of Aix-en-Provence, in France. Today the pair made intraday high at $1.0191 and low at $1.0153 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0190 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0130 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 | 1.0190 | S1 | 1.0130 |
| R2 | 1.0224 | S2 | 1.0112 |
| R3 | 1.0250 | S3 | 1.0091 |
| R4 | 1.0272 | S4 | 1.0062 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.0172 | Sell Below : 1.0127 | ||
| – Take Profit : 1.0201 | – Take Profit : 1.0090 | ||
| – Stop Loss : 1.0142 | – Stop Loss : 1.0160 | ||
GBP / USD
| Commentary : The sterling reverses previous gain against U.S. dollar and hovers around $1.2000 mark. Today pair made intraday high at $1.2056 and low at $1.1996 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2050 on H1 chart will check key resistances. Alternatively, a consistent close below $1.1990 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 | 1.2050 | S1 | 1.1990 |
| R2 | 1.2076 | S2 | 1.1965 |
| R3 | 1.2099 | S3 | 1.1932 |
| R4 | 1.2126 | S4 | 1.1908 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2030 | Sell Below : 1.1990 | ||
| – Take Profit : 1.2062 | – Take Profit : 1.1955 | ||
| – Stop Loss : 1.2002 | – Stop Loss : 1.2020 | ||
USD / CAD
| Commentary : The CAD starts a new day on a lower note and jumps back above 1.3000 mark ahead of Canada’s Employment Change data. Today the pair made intraday high at 1.3017 and low at 1.2953 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.3022 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2974 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 | 1.3022 | S1 | 1.2974 |
| R2 | 1.3055 | S2 | 1.2950 |
| R3 | 1.3072 | S3 | 1.2921 |
| R4 | 1.3090 | S4 | 1.2901 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3030 | Sell Below : 1.2990 | ||
| – Take Profit : 1.3058 | – Take Profit : 1.2960 | ||
| – Stop Loss : 1.3008 | – Stop Loss : 1.3015 | ||
USD / JPY
| Commentary : The Japanese yen remains volatile in Asian hours after the news of Former PM Shinzo Abe was shot in chest and carried to the hospital. The pair made intraday high at 136.14 and low at 135.32 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 136.04 on H1 chart requires for the upside rally. Alternatively, a consistent close below 135.30 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 | 136.04 | S1 | 135.30 |
| R2 | 136.30 | S2 | 135.02 |
| R3 | 136.62 | S3 | 134.80 |
| R4 | 136.90 | S4 | 134.52 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 135.90 | Sell Below : 135.30 | ||
| – Take Profit : 136.30 | – Take Profit : 135.02 | ||
| – Stop Loss : 135.65 | – Stop Loss : 135.55 | ||
GOLD
| Commentary : Gold moves in narrow range and consolidates round $1,740 mark ahead of U.S. NFP job data. Yesterday’s ADP job data had not published due to rescheduled and U.S. trade balance data failed to bring volatility to the FX markets. Today the pair made intraday high at $1,746 and low at $1,738 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1,748 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,736 on H1 chart will test further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1748 | S1 | 1736 |
| R2 | 1752 | S2 | 1730 |
| R3 | 1758 | S3 | 1721 |
| R4 | 1764 | S4 | 1715 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1748 | Sell Below : 1736 | ||
| – Take Profit : 1755 | – Take Profit : 1728 | ||
| – Stop Loss : 1742 | – Stop Loss : 1742 | ||
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