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SpanishDAILY ANALYSIS REPORT JUNE 06 2022
AUD / USD
| Commentary : The Aussie depreciates on Monday and hovers around $0.7200 mark. Economic Calendar will remain empty for the day. Today pair made intraday high at $0.7216 and low at $0.7187 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.7222 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7189 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 | 0.7222 | S1 | 0.7189 |
| R2 | 0.7250 | S2 | 0.7172 |
| R3 | 0.7272 | S3 | 0.7150 |
| R4 | 0.7299 | S4 | 0.7120 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7222 | Sell Below : 0.7189 | ||
| – Take Profit : 0.7252 | – Take Profit : 0.7155 | ||
| – Stop Loss : 0.7189 | – Stop Loss : 0.7212 | ||
EUR / USD
| Commentary : The euro trades flat on Monday as most of the parts of Euro Area will remain closed for the day. The pair made intraday high at $1.0731 and low at $1.0710 mark. Today triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A consistent close above $1.0730 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0700 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 | 1.0755 | S1 | 1.0700 |
| R2 | 1.0782 | S2 | 1.0682 |
| R3 | 1.0815 | S3 | 1.0655 |
| R4 | 1.0840 | S4 | 1.0630 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0731 | Sell Below : 1.0700 | ||
| – Take Profit : 1.0760 | – Take Profit : 1.0672 | ||
| – Stop Loss : 1.0710 | – Stop Loss : 1.0720 | ||
GBP / USD
| Commentary : The sterling moves in narrow range on Monday and stabilizes below $1.2500 mark. Today pair made intraday high at $1.2502 and low at $1.2476 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2502 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2470 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 | 1.2502 | S1 | 1.2470 |
| R2 | 1.2530 | S2 | 1.2450 |
| R3 | 1.2555 | S3 | 1.2421 |
| R4 | 1.2578 | S4 | 1.2400 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2502 | Sell Below : 1.2470 | ||
| – Take Profit : 1.2530 | – Take Profit : 1.243 | ||
| – Stop Loss : 1.2480 | – Stop Loss : 1.2499 | ||
USD / CAD
| Commentary : The CAD exhibits range bound movement on Monday and Consolidates around 1.2580 mark. Today the pair made intraday high at 1.2601 and low at 1.2578 mark. Today a day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above 1.2599 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2570 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 | 1.2570 |
| R2 | 1.2626 | S2 | 1.2550 |
| R3 | 1.2652 | S3 | 1.2521 |
| R4 | 1.2680 | S4 | 1.2501 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2599 | Sell Below : 1.25 | ||
| – Take Profit : 1.2631 | – Take Profit : 1.2540 | ||
| – Stop Loss : 1.2570 | – Stop Loss : 1.2599 | ||
USD / JPY
| Commentary : The Japanese yen slightly higher on Monday and touches 130.99 mark in opening hours. The pair made intraday high at 130.99 and low at 130.52 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 130.99 on H1 chart requires for the upside rally. Alternatively, a consistent close below 130.50 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 | 130.99 | S1 | 130.40 |
| R2 | 131.26 | S2 | 130.18 |
| R3 | 131.54 | S3 | 129.95 |
| R4 | 131.72 | S4 | 129.67 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 130.99 | Sell Below : 130.40 | ||
| – Take Profit : 131.36 | – Take Profit : 130.02 | ||
| – Stop Loss : 130.55 | – Stop Loss : 130.80 | ||
GOLD
| Commentary : Gold trades slightly higher on Monday and remains well supported above $1,850 mark. The pair made intraday high at $1,856 and low at $1,850 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,858 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,848 on H1 chart will test further supports. U.S. economic Calendar will remain empty for the day. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1858 | S1 | 1848 |
| R2 | 1862 | S2 | 1842 |
| R3 | 1867 | S3 | 1837 |
| R4 | 1872 | S4 | 1832 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1860 | Sell Below : 1852 | ||
| – Take Profit : 1865 | – Take Profit : 1847 | ||
| – Stop Loss : 1856 | – Stop Loss : 1856 | ||
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