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SpanishDAILY ANALYSIS REPORT JULY 12 2022
AUD / USD
| Commentary : The Aussie fee drastically in previous session and hit lowest level since June 2020. Today also pair trades lower after NAB business confidence data. Today pair made intraday high at $0.6745 and low at $0.6715 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.6751 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6712 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 | 0.6751 | S1 | 0.6712 |
| R2 | 0.6776 | S2 | 0.6690 |
| R3 | 0.6802 | S3 | 0.6667 |
| R4 | 0.6826 | S4 | 0.6640 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 0.6751 | Sell Below : 0.6710 | ||
| – Take Profit : 0.6778 | – Take Profit : 0.6675 | ||
| – Stop Loss : 0.6721 | – Stop Loss : 0.6740 | ||
EUR / USD
| Commentary : The euro falls gradually against U.S. dollar and hits lowest level since Dec 2002. Today the pair made intraday high at $1.0055 and low at $1.0005 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0050 on H1 chart requires for the upside rally. Alternatively, a sustained close below $0.9990 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 | 1.0050 | S1 | 0.9990 |
| R2 | 1.0072 | S2 | 0.9965 |
| R3 | 1.0097 | S3 | 0.9947 |
| R4 | 1.0122 | S4 | 0.9920 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.0055 | Sell Below : 0.9990 | ||
| – Take Profit : 1.0096 | – Take Profit : 0.9947 | ||
| – Stop Loss : 1.0012 | – Stop Loss : 1.0032 | ||
GBP / USD
| Commentary : The sterling weakens on Tuesday and hits lowest level since March 2020 mark. Today pair made intraday high at $1.1909 and low at $1.1859 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.1898 on H1 chart will check key resistances. Alternatively, a consistent close below $1.1850 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 | 1.1898 | S1 | 1.1850 |
| R2 | 1.1926 | S2 | 1.1821 |
| R3 | 1.1954 | S3 | 1.1802 |
| R4 | 1.1978 | S4 | 1.1784 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.1899 | Sell Below : 1.1850 | ||
| – Take Profit : 1.1924 | – Take Profit : 1.1801 | ||
| – Stop Loss : 1.1868 | – Stop Loss : 1.1886 | ||
USD / CAD
| Commentary : The CAD starts a new day on a lower note and stabilizes above 1.3000 mark. Today the pair made intraday high at 1.3033 and low at 1.2991 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.3030 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 | 1.3030 | S1 | 1.3002 |
| R2 | 1.3055 | S2 | 1.2982 |
| R3 | 1.3072 | S3 | 1.2965 |
| R4 | 1.3099 | S4 | 1.2951 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3030 | Sell Below : 1.2990 | ||
| – Take Profit : 1.3060 | – Take Profit : 1.2962 | ||
| – Stop Loss : 1.3005 | – Stop Loss : 1.3022 | ||
USD / JPY
| Commentary : The Japanese yen remains almost unchanged as Japan released PPI data with flat numbers and trading around 137.20 mark. The pair made intraday high at 137.44 and low at 137.02 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 137.50 on H1 chart requires for the upside rally. Alternatively, a consistent close below 137.02 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 | 137.50 | S1 | 137.02 |
| R2 | 137.76 | S2 | 136.78 |
| R3 | 137.90 | S3 | 136.42 |
| R4 | 138.26 | S4 | 136.12 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 137.50 | Sell Below : 136.91 | ||
| – Take Profit : 137.80 | – Take Profit : 136.60 | ||
| – Stop Loss : 137.11 | – Stop Loss : 137.22 | ||
GOLD
| Commentary : Gold remained extremely volatile in opening hours and currently slips below $1,730 mark. Today the pair made intraday high at $1,744 and low at $1,723 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1,738 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,726 on H1 chart will test further supports. U.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 | 1738 | S1 | 1726 |
| R2 | 1742 | S2 | 1721 |
| R3 | 1748 | S3 | 1715 |
| R4 | 1754 | S4 | 1708 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1738 | Sell Below : 1724 | ||
| – Take Profit : 1745 | – Take Profit : 1715 | ||
| – Stop Loss : 1732 | – Stop Loss : 1732 | ||
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