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SpanishDAILY ANALYSIS REPORT JULY 19 2022
AUD / USD
| Commentary : The Aussie strengthens on Tuesday after RBA’s Monetary Policy Meeting Minutes and stabilizes above $0.6800 mark. Today pair made intraday high at $0.6830 and low at $0.6802 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.6840 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6802 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 | 0.6840 | S1 | 0.6800 |
| R2 | 0.6868 | S2 | 0.6776 |
| R3 | 0.6899 | S3 | 0.6750 |
| R4 | 0.6920 | S4 | 0.6721 |
| BUY | SELL | ||
 |
 |
||
| Buy Above : 0.6840 | Sell Below : 0.6800 | ||
| – Take Profit : 0.6868 | – Take Profit : 0.6770 | ||
| – Stop Loss : 0.6810 | – Stop Loss : 0.6824 | ||
EUR / USD
| Commentary : The euro recovered sharply in previous session and touched $1.0201 mark. Today the pair made intraday high at $1.0148 and low at $1.0119 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0155 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0108 on H1 chart will check further supports. Euro Zone’s CPI 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 | 1.0155 | S1 | 1.0108 |
| R2 | 1.0172 | S2 | 1.0072 |
| R3 | 1.0190 | S3 | 1.0050 |
| R4 | 1.0222 | S4 | 1.0022 |
| BUY | SELL | ||
 |
 |
||
| Buy Above : 1.0155 | Sell Below : 1.0108 | ||
| – Take Profit : 1.0190 | – Take Profit : 1.0071 | ||
| – Stop Loss : 1.0121 | – Stop Loss : 1.0138 | ||
GBP / USD
| Commentary : The sterling remains slightly volatile on Tuesday ahead of U.K.’s Claimant Count Change Data and hovers around $1.1950 mark. Today pair made intraday high at $1.1950 and low at $1.1925 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.1962 on H1 chart will check key resistances. Alternatively, a consistent close below $1.1920 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 | 1.1962 | S1 | 1.1920 |
| R2 | 1.1990 | S2 | 1.1900 |
| R3 | 1.2022 | S3 | 1.1878 |
| R4 | 1.2058 | S4 | 1.1850 |
| BUY | SELL | ||
 |
 |
||
| Buy Above : 1.1962 | Sell Below : 1.1915 | ||
| – Take Profit : 1.1996 | – Take Profit : 1.1876 | ||
| – Stop Loss : 1.1930 | – Stop Loss : 1.1948 | ||
USD / CAD
| Commentary : The CAD trades marginally higher on Tuesday and stabilizes around 1.2970 mark. Today the pair made intraday high at 1.2988 and low at 1.2970 mark. Today a day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2990 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2950 on H1 chart will check key supports too. Canada’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 | 1.2990 | S1 | 1.2950 |
| R2 | 1.3022 | S2 | 1.2922 |
| R3 | 1.3050 | S3 | 1.2900 |
| R4 | 1.3072 | S4 | 1.2881 |
| BUY | SELL | ||
 |
 |
||
| Buy Above : 1.2990 | Sell Below : 1.2955 | ||
| – Take Profit : 1.3022 | – Take Profit : 1.2930 | ||
| – Stop Loss : 1.2965 | – Stop Loss : 1.2981 | ||
USD / JPY
| Commentary : The Japanese yen trades almost flat on Tuesday and remains well supported above 138.00 mark. The pair made intraday high at 138.39 and low at 138.02 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 138.44 on H1 chart requires for the upside rally. Alternatively, a consistent close below 138.02 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 | 138.44 | S1 | 138.00 |
| R2 | 138.62 | S2 | 137.76 |
| R3 | 138.90 | S3 | 137.48 |
| R4 | 139.22 | S4 | 137.15 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 138.46 | Sell Below : 137.90 | ||
| – Take Profit : 138.80 | – Take Profit : 137.60 | ||
| – Stop Loss : 138.12 | – Stop Loss : 138.22 | ||
GOLD
| Commentary : Gold rejected key resistance at $1,722 mark and fell back below $1,710 mark. Today the pair made intraday high at $1,708 and low at $1,705 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1,712 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,702 on H1 chart will test further supports. Later today U.S. Building Permits and Housing Start data will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1712 | S1 | 1702 |
| R2 | 1718 | S2 | 1696 |
| R3 | 1722 | S3 | 1691 |
| R4 | 1728 | S4 | 684 |
| BUY | SELL | ||
 |
 |
||
| Buy Above : 1712 | Sell Below : 1700 | ||
| – Take Profit : 1720 | – Take Profit : 1692 | ||
| – Stop Loss : 1706 | – Stop Loss : 1708 | ||
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