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SpanishDAILY ANALYSIS REPORT JULY 22 2022
AUD / USD
| Commentary : The Aussie starts a new day on a lower note as Australia release Flash Manufacturing & Services PMI data with negative numbers. Today pair made intraday high at $0.6937 and low at $0.6904 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 $0.6896 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 | 0.6930 | S1 | 0.6896 |
| R2 | 0.6957 | S2 | 0.6872 |
| R3 | 0.6976 | S3 | 0.6855 |
| R4 | 0.7002 | S4 | 0.6820 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 0.6930 | Sell Below : 0.6899 | ||
| – Take Profit : 0.6957 | – Take Profit : 0.6872 | ||
| – Stop Loss : 0.6908 | – Stop Loss : 0.6924 | ||
EUR / USD
| Commentary : The euro remained extremely volatile in previous session as ECB rose key interest rate by 50 bps to 0.50 pct. Today the pair made intraday high at $1.0230 and low at $1.0184 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0230 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0180 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 | 1.0230 | S1 | 1.0180 |
| R2 | 1.0265 | S2 | 1.0155 |
| R3 | 1.0290 | S3 | 1.0118 |
| R4 | 1.0315 | S4 | 1.0096 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.0215 | Sell Below : 1.0172 | ||
| – Take Profit : 1.0248 | – Take Profit : 1.0140 | ||
| – Stop Loss : 1.0180 | – Stop Loss : 1.0211 | ||
GBP / USD
| Commentary : The sterling exhibits range bound movement and consolidates around $1.197 mark ahead of U.K.’s Flash PMI data. Today pair made intraday high at $1.2003 and low at $1.1958 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.1990 on H1 chart will check key resistances. Alternatively, a consistent close below $1.1952 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 | 1.2005 | S1 | 1.1952 |
| R2 | 1.2030 | S2 | 1.1926 |
| R3 | 1.2055 | S3 | 1.1901 |
| R4 | 1.2078 | S4 | 1.1878 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.1990 | Sell Below : 1.1950 | ||
| – Take Profit : 1.2021 | – Take Profit : 1.1915 | ||
| – Stop Loss : 1.1965 | – Stop Loss : 1.1978 | ||
USD / CAD
| Commentary : The CAD enjoys roller coaster movement ahead of Canada’s Retail Sales data. Today the pair made intraday high at 1.2893 and low at 1.2865 mark. Today a day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2899 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2858 on H1 chart will check key supports too. Canada’s Retail & Core Retail Sales data will remain in focus. | |||
| ndicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2904 | S1 | 1.2858 |
| R2 | 1.2930 | S2 | 1.2821 |
| R3 | 1.2955 | S3 | 1.2800 |
| R4 | 1.2976 | S4 | 1.2781 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2899 | Sell Below : 1.2880 | ||
| – Take Profit : 1.2930 | – Take Profit : 1.2855 | ||
| – Stop Loss : 1.2872 | – Stop Loss : 1.2915 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally lower on Friday as Japan’s Flash Manufacturing PMI data misses expectations and currently remains well supported above 137.00 mark . The pair made intraday high at 137.74 and low at 137.02 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 137.82 on H1 chart requires for the upside rally. Alternatively, a consistent close below 137.12 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 | 137.82 | S1 | 137.00 |
| R2 | 138.15 | S2 | 136.78 |
| R3 | 138.40 | S3 | 136.55 |
| R4 | 138.68 | S4 | 136.30 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 137.82 | Sell Below : 137.30 | ||
| – Take Profit : 138.20 | – Take Profit : 137.00 | ||
| – Stop Loss : 137.50 | – Stop Loss : 137.55 | ||
GOLD
| Commentary : Gold spiked down sharply in previous session and touched $1,690 mark. Today the pair made intraday high at $1,695 and low at $1,691 mark. Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1,702 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,690 on H1 chart will test further supports. Later today U.S. Philly Fed Manufacturing Index 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 | 1722 | S1 | 1708 |
| R2 | 1728 | S2 | 1704 |
| R3 | 1732 | S3 | 1698 |
| R4 | 1738 | S4 | 1692 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1718 | Sell Below : 1708 | ||
| – Take Profit : 1724 | – Take Profit : 1701 | ||
| – Stop Loss : 1711 | – Stop Loss : 1715 | ||
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