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SpanishDAILY ANALYSIS REPORT JUNE 01 2022
AUD / USD
| Commentary : The Aussie trades slightly higher on robust GDP data and hovers around key resistance at $0.7190 mark. Today pair made intraday high at $0.7194 and low at $0.7171 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7202 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7170 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 | 0.7202 | S1 | 0.7170 |
| R2 | 0.7222 | S2 | 0.7150 |
| R3 | 0.7250 | S3 | 0.7121 |
| R4 | 0.7278 | S4 | 0.7102 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7199 | Sell Below : 0.7165 | ||
| – Take Profit : 0.7230 | – Take Profit : 0.7165 | ||
| – Stop Loss : 0.7170 | – Stop Loss : 0.7199 | ||
EUR / USD
| Commentary : The euro trades in narrow range ahead of Final Manufacturing PMI data and stabilizes above $1.0700 mark. The pair made intraday high at $1.0737 and low at $1.0707 mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.0740 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0680 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 | 1.0740 | S1 | 1.0680 |
| R2 | 1.0762 | S2 | 1.0650 |
| R3 | 1.0794 | S3 | 1.0622 |
| R4 | 1.0815 | S4 | 1.0605 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0740 | Sell Below : 1.0690 | ||
| – Take Profit : 1.0770 | – Take Profit : 1.0660 | ||
| – Stop Loss : 1.0705 | – Stop Loss : 1.0720 | ||
GBP / USD
| Commentary : The sterling starts a new day on a flat note and stabilizes around $1.2600 mark. Today pair made intraday high at $1.2616 and low at $1.2589 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2630 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2600 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 | 1.2630 | S1 | 1.2600 |
| R2 | 1.2655 | S2 | 1.2582 |
| R3 | 1.2672 | S3 | 1.2550 |
| R4 | 1.2699 | S4 | 1.2521 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2622 | Sell Below : 1.2580 | ||
| – Take Profit : 1.2655 | – Take Profit : 1.2550 | ||
| – Stop Loss : 1.2599 | – Stop Loss : 1.2605 | ||
USD / CAD
| Commentary : The CAD trade in narrow range ahead of Canada’s Interest Rate Decision and hovers around 1.2650 mark. Today the pair made intraday high at 1.2653 and low at 1.2635 mark. Today a day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above 1.2660 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2630 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 | 1.2660 | S1 | 1.2630 |
| R2 | 1.2690 | S2 | 1.2615 |
| R3 | 1.2722 | S3 | 1.2600 |
| R4 | 1.2754 | S4 | 1.2580 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2662 | Sell Below : 1.2630 | ||
| – Take Profit : 1.2692 | – Take Profit : 1.2605 | ||
| – Stop Loss : 1.2640 | – Stop Loss : 1.2658 | ||
USD / JPY
| Commentary : The Japanese yen falls sharply against U.S. dollar after Final Manufacturing PMI data and jumps back above 129.00 mark. The pair made intraday high at 129.18 and low at 128.59 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 129.22 on H1 chart requires for the upside rally. Alternatively, a consistent close below 128.70 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 | 129.22 | S1 | 128.50 |
| R2 | 129.54 | S2 | 128.24 |
| R3 | 129.76 | S3 | 128.01 |
| R4 | 130.01 | S4 | 127.78 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 129.22 | Sell Below : 128.70 | ||
| – Take Profit : 129.56 | – Take Profit : 128.30 | ||
| – Stop Loss : 128.89 | – Stop Loss : 128.98 | ||
GOLD
| Commentary : Gold spiked down sharply in previous session and remains well supported below $1,840 mark. The pair made intraday high at $1,838 and low at $1,833 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,842 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,832 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 | 1842 | S1 | 1832 |
| R2 | 1848 | S2 | 1826 |
| R3 | 1854 | S3 | 1821 |
| R4 | 1862 | S4 | 1814 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1840 | Sell Below : 1832 | ||
| – Take Profit : 1847 | – Take Profit : 1826 | ||
| – Stop Loss : 1834 | – Stop Loss : 1839 | ||
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