DAILY ANALYSIS REPORT JUNE 03 2022
AUD / USD
Commentary : The Aussie remains slightly volatile after Construction PMI data and stabilizes above $0.7250 mark. Today pair made intraday high at $0.7282 and low at $0.7253 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7270 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7240 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 | 0.7270 | S1 | 0.7240 |
R2 | 0.7299 | S2 | 0.7212 |
R3 | 0.7315 | S3 | 0.7200 |
R4 | 0.7350 | S4 | 0.7178 |
BUY | SELL | ||
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Trade Idea | Trade Idea | ||
Buy Above : 0.7275 | Sell Below : 0.7238 | ||
– Take Profit : 0.7312 | – Take Profit : 0.7210 | ||
– Stop Loss : 0.7250 | – Stop Loss : 0.7270 |
EUR / USD
Commentary : The euro recovers sharply from previous losses ahead of Services PMI data and remains well supported above $1.0750 mark. The pair made intraday high at $1.0764 and low at $1.0740 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0776 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0737 on H1 chart 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 | 1.0776 | S1 | 1.0737 |
R2 | 1.0804 | S2 | 1.0705 |
R3 | 1.0826 | S3 | 1.0682 |
R4 | 1.0850 | S4 | 1.0655 |
BUY | SELL | ||
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Trade Idea | Trade Idea | ||
Buy Above : 1.0772 | Sell Below : 1.0737 | ||
– Take Profit : 1.0799 | – Take Profit : 1.0705 | ||
– Stop Loss : 1.0750 | – Stop Loss : 1.0765 |
GBP / USD
Commentary : The sterling trades flat on Friday as UK banks will be closed in observance of the Platinum Jubilee Bank Holiday. Today pair made intraday high at $1.2589 and low at $1.2570 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2590 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2550 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 | 1.2590 | S1 | 1.2550 |
R2 | 1.2615 | S2 | 1.2550 |
R3 | 1.2640 | S3 | 1.2500 |
R4 | 1.2672 | S4 | 1.2486 |
BUY | SELL | ||
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Buy Above : 1.2590 | Sell Below : 1.2555 | ||
– Take Profit : 1.2626 | – Take Profit : 1.252 | ||
– Stop Loss : 1.2560 | – Stop Loss : 1.2574 |
USD / CAD
Commentary : The CAD exhibits range bound movement on Friday and Consolidates around 1.2570 mark. Today the pair made intraday high at 1.2578 and low at 1.2557 mark. Today a day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above 1.2602 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2550 on H1 chart will check key supports too. | |||
Indicators | H1 | ||
Trends | Down Trend | ||
Moving Average (Period=75) | Below MA | ||
RSI (Period=26) | Below RSI LEVEL 50 | ||
FIBO Levels | PIVOT | – | |
R1 | 1.2602 | S1 | 1.2550 |
R2 | 1.2626 | S2 | 1.2521 |
R3 | 1.2652 | S3 | 1.2501 |
R4 | 1.2680 | S4 | 1.2480 |
BUY | SELL | ||
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Trade Idea | Trade Idea | ||
Buy Above : 1.2602 | Sell Below : 1.2555 | ||
– Take Profit : 1.2638 | – Take Profit : 1.2511 | ||
– Stop Loss : 1.2578 | – Stop Loss : 1.2578 |
USD / JPY
Commentary : The Japanese yen trades in narrow range on Friday and hovers around 130.00 mark. The pair made intraday high at 130.04 and low at 129.68 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 129.65 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 | 129.65 |
R2 | 130.48 | S2 | 129.40 |
R3 | 130.76 | S3 | 129.15 |
R4 | 131.01 | S4 | 128.89 |
BUY | SELL | ||
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Trade Idea | Trade Idea | ||
Buy Above : 130.05 | Sell Below : 129.60 | ||
– Take Profit : 130.40 | – Take Profit : 129.25 | ||
– Stop Loss : 129.78 | – Stop Loss : 129.90 |
GOLD
Commentary : Gold appreciated extremely in previous session as U.S. released Factory orders and NFP job data with negative numbers. The pair made intraday high at $1,874 and low at $1,867 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,876 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,862 on H1 chart will test further supports. Later today U.S. NFP Job data and ISM Services PMI 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 | 1876 | S1 | 1862 |
R2 | 1882 | S2 | 1857 |
R3 | 1889 | S3 | 1852 |
R4 | 1894 | S4 | 1847 |
BUY | SELL | ||
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Trade Idea | Trade Idea | ||
Buy Above : 1874 | Sell Below : 1864 | ||
– Take Profit : 1881 | – Take Profit : 1858 | ||
– Stop Loss : 1867 | – Stop Loss : 1870 |

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