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SpanishDAILY ANALYSIS REPORT JUNE 02 2022
AUD / USD
| Commentary : The Aussie depreciates on Thursday despite robust Trade balance and retail sales data. Today pair made intraday high at $0.7177 and low at $0.7160 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.7190 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7150 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 | 0.7190 | S1 | 0.7150 |
| R2 | 0.7215 | S2 | 0.7121 |
| R3 | 0.7240 | S3 | 0.7102 |
| R4 | 0.7272 | S4 | 0.7082 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7194 | Sell Below : 0.7150 | ||
| – Take Profit : 0.7226 | – Take Profit : 0.7120 | ||
| – Stop Loss : 0.7170 | – Stop Loss : 0.7178 | ||
EUR / USD
| Commentary : The euro moves in stiff boundaries ahead of economic light calendar and stabilizes around $1.0650 mark. The pair made intraday high at $1.0659 and low at $1.0644 mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.0672 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0637 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 | 1.0672 | S1 | 1.0637 |
| R2 | 1.0699 | S2 | 1.0618 |
| R3 | 1.0722 | S3 | 1.0600 |
| R4 | 1.0754 | S4 | 1.0572 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0670 | Sell Below : 1.0637 | ||
| – Take Profit : 1.0699 | – Take Profit : 1.0605 | ||
| – Stop Loss : 1.0640 | – Stop Loss : 1.0665 | ||
GBP / USD
| Commentary : The sterling remains almost unchanged on Thursday as UK banks will be closed in observance of the Spring Bank Holiday. Today pair made intraday high at $1.2491 and low at $1.2471 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2498 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2465 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 | 1.2498 | S1 | 1.2465 |
| R2 | 1.2525 | S2 | 1.2450 |
| R3 | 1.2552 | S3 | 1.2418 |
| R4 | 1.2576 | S4 | 1.2401 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2499 | Sell Below : 1.2455 | ||
| – Take Profit : 1.2530 | – Take Profit : 1.2422 | ||
| – Stop Loss : 1.2472 | – Stop Loss : 1.2482 | ||
USD / CAD
| Commentary : The CAD weakened sharply in previous session after BoC’s Policy rate decision and currently remains well supported above 1.2650 mark. Today the pair made intraday high at 1.2676 and low at 1.2654 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2690 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2650 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 | 1.2690 | S1 | 1.2650 |
| R2 | 1.2722 | S2 | 1.2621 |
| R3 | 1.2754 | S3 | 1.2601 |
| R4 | 1.2778 | S4 | 1.2582 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2680 | Sell Below : 1.2650 | ||
| – Take Profit : 1.2712 | – Take Profit : 1.2621 | ||
| – Stop Loss : 1.2655 | – Stop Loss : 1.2674 | ||
USD / JPY
| Commentary : The Japanese yen remains almost unchanged in early Asia after BoJ’s Adachi’s comments on Monetary Policy. The pair made intraday high at 130.24 and low at 129.88 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 130.21 on H1 chart requires for the upside rally. Alternatively, a consistent close below 129.72 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 | 130.21 | S1 | 129.72 |
| R2 | 130.48 | S2 | 129.40 |
| R3 | 130.76 | S3 | 129.15 |
| R4 | 131.01 | S4 | 128.89 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 130.25 | Sell Below : 129.72 | ||
| – Take Profit : 130.62 | – Take Profit : 129.38 | ||
| – Stop Loss : 129.98 | – Stop Loss : 130.02 | ||
GOLD
| Commentary : Gold strengthened extremely in previous session and currently stabilizes above $1,840 mark. The pair made intraday high at $1,848 and low at $1,844 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,848 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,838 on H1 chart will test further supports. Later today U.S. ADP Job data and Factory orders data will provide further directions to the U.S. dollar. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1848 | S1 | 1838 |
| R2 | 1854 | S2 | 1832 |
| R3 | 1862 | S3 | 1826 |
| R4 | 1868 | S4 | 1814 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1850 | Sell Below : 1842 | ||
| – Take Profit : 1856 | – Take Profit : 1836 | ||
| – Stop Loss : 1846 | – Stop Loss : 1848 | ||
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