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SpanishDAILY ANALYSIS REPORT JULY 20 2022
AUD / USD
| Commentary : The Aussie spikes up sharply on Wednesday and hits highest level since June 29, 2022. Today pair made intraday high at $0.6920 and low at $0.6892 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.6930 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6882 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 | 0.6930 | S1 | 0.6882 |
| R2 | 0.6957 | S2 | 0.6855 |
| R3 | 0.6976 | S3 | 0.6822 |
| R4 | 0.7002 | S4 | 0.6800 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 0.6930 | Sell Below : 0.6891 | ||
| – Take Profit : 0.6962 | – Take Profit : 0.6860 | ||
| – Stop Loss : 0.6899 | – Stop Loss : 0.6920 | ||
EUR / USD
| Commentary : The euro strengthened sharply in previous session as Euro Zone released CPI data with flat numbers. Today the pair made intraday high at $1.0248 and low at $1.0223 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0265 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0212 on H1 chart will check further supports. Euro Zone’s economic calendar will remain light for the day. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.0265 | S1 | 1.0212 |
| R2 | 1.0290 | S2 | 1.0184 |
| R3 | 1.0315 | S3 | 1.0150 |
| R4 | 1.0350 | S4 | 1.0122 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.0262 | Sell Below : 1.0215 | ||
| – Take Profit : 1.0290 | – Take Profit : 1.0180 | ||
| – Stop Loss : 1.0227 | – Stop Loss : 1.0254 | ||
GBP / USD
| Commentary : The sterling appreciates ahead of U.K.’s CPI data and hovers around $1.2030 mark. Today pair made intraday high at $1.2037 and low at $1.1985 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 $1.2000 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 | 1.2000 |
| R2 | 1.2076 | S2 | 1.1972 |
| R3 | 1.2094 | S3 | 1.1948 |
| R4 | 1.2126 | S4 | 1.1921 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2050 | Sell Below : 1.2000 | ||
| – Take Profit : 1.2084 | – Take Profit : 1.1972 | ||
| – Stop Loss : 1.2021 | – Stop Loss : 1.2030 | ||
USD / CAD
| Commentary : The CAD strengthened extremely in previous session and hit highest level since July 05, 2022. Today the pair made intraday high at 1.2876 and low at 1.2855 mark. Today a day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2880 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2850 on H1 chart will check key supports too. Canada’s CPI 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 | 1.2880 | S1 | 1.2850 |
| R2 | 1.2915 | S2 | 1.2821 |
| R3 | 1.2955 | S3 | 1.2800 |
| R4 | 1.2976 | S4 | 1.2781 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2880 | Sell Below : 1.2840 | ||
| – Take Profit : 1.2915 | – Take Profit : 1.2802 | ||
| – Stop Loss : 1.2858 | – Stop Loss : 1.2872 | ||
USD / JPY
| Commentary : The Japanese yen remains almost unchanged on Wednesday and hovers around 138.00 mark. The pair made intraday high at 138.37 and low at 137.91 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 138.22 on H1 chart requires for the upside rally. Alternatively, a consistent close below 137.87 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 | 138.22 | S1 | 138.90 |
| R2 | 138.50 | S2 | 137.65 |
| R3 | 138.62 | S3 | 137.48 |
| R4 | 138.90 | S4 | 137.15 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 138.30 | Sell Below : 137.91 | ||
| – Take Profit : 138.62 | – Take Profit : 137.51 | ||
| – Stop Loss : 138.02 | – Stop Loss : 138.26 | ||
GOLD
| Commentary : Gold moves in rigid boundaries and consolidates around $1,710 mark. Today the pair made intraday high at $1,713 and low at $1,709 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1,718 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,708 on H1 chart will test further supports. Later today U.S. existing home sales data will provide 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 | 1718 | S1 | 1708 |
| R2 | 1722 | S2 | 1702 |
| R3 | 1728 | S3 | 1696 |
| R4 | 1732 | S4 | 1691 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1718 | Sell Below : 1708 | ||
| – Take Profit : 1725 | – Take Profit : 1701 | ||
| – Stop Loss : 1711 | – Stop Loss : 1715 | ||
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