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SpanishDAILY ANALYSIS REPORT JUNE 07 2022
AUD / USD
| Commentary : The Aussie falls sharply ahead of RBA’s Cash Rate Decision and stabilizes below $0.7200 mark. Today pair made intraday high at $0.7194 and low at $0.7159 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.7202 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7150 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 | 0.7202 | S1 | 0.7150 |
| R2 | 0.7222 | S2 | 0.7120 |
| R3 | 0.7250 | S3 | 0.7100 |
| R4 | 0.7272 | S4 | 0.7078 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7202 | Sell Below : 0.7150 | ||
| – Take Profit : 0.7240 | – Take Profit : 0.7121 | ||
| – Stop Loss : 0.7172 | – Stop Loss : 0.7196 | ||
EUR / USD
| Commentary : The euro trades in narrow range ahead of German Factory Orders data and slips back below $1.0700 mark. The pair made intraday high at $1.0697 and low at $1.0670 mark. Today triple EMA on a day chart and H1 chart suggests down trend for the time being. A consistent close above $1.0696 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0668 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 | 1.0700 | S1 | 1.0668 |
| R2 | 1.0730 | S2 | 1.0647 |
| R3 | 1.0755 | S3 | 1.0615 |
| R4 | 1.0776 | S4 | 1.0600 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0700 | Sell Below : 1.0668 | ||
| – Take Profit : 1.0730 | – Take Profit : 1.0640 | ||
| – Stop Loss : 1.0680 | – Stop Loss : 1.0694 | ||
GBP / USD
| Commentary : The sterling exhibits range bound movement ahead of U.K.’s Final Services PMI data and stabilizes above $1.2500 mark. Today pair made intraday high at $1.2531 and low at $1.2492 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2530 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2490 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 | 1.2530 | S1 | 1.2490 |
| R2 | 1.2555 | S2 | 1.2465 |
| R3 | 1.2576 | S3 | 1.2450 |
| R4 | 1.2599 | S4 | 1.2421 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2531 | Sell Below : 1.2470 | ||
| – Take Profit : 1.2565 | – Take Profit : 1.2438 | ||
| – Stop Loss : 1.2504 | – Stop Loss : 1.2499 | ||
USD / CAD
| Commentary : The CAD enjoys roller coaster movement ahead of Trade balance, Ivey PMI data and Consolidates around 1.2580 mark. Today the pair made intraday high at 1.2602 and low at 1.2574 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2605 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 | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2605 | 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 : 1.2605 | Sell Below : 1.2570 | ||
| – Take Profit : 1.2640 | – Take Profit : 1.2538 | ||
| – Stop Loss : 1.2572 | – Stop Loss : 1.2596 | ||
USD / JPY
| Commentary : The Japanese yen depreciates sharply in early Asia after BoJ Gov Kuroda’s comments on FX rate and hits lowest level since April 2002. The pair made intraday high at 132.75 and low at 131.84 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 132.86 on H1 chart requires for the upside rally. Alternatively, a consistent close below 131.80 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 | 132.86 | S1 | 131.80 |
| R2 | 133.30 | S2 | 131.52 |
| R3 | 133.65 | S3 | 131.22 |
| R4 | 133.92 | S4 | 130.84 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 132.90 | Sell Below : 132.05 | ||
| – Take Profit : 133.41 | – Take Profit : 131.54 | ||
| – Stop Loss : 132.40 | – Stop Loss : 131.54 | ||
GOLD
| Commentary : Gold spiked down sharply in previous session and hovers around $1,84 mark ahead of U.S. trade balance data. The pair made intraday high at $1,842 and low at $1,837 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,844 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,838 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 | 1844 | S1 | 1838 |
| R2 | 1849 | S2 | 1832 |
| R3 | 1854 | S3 | 1826 |
| R4 | 1860 | S4 | 1820 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1844 | Sell Below : 1836 | ||
| – Take Profit : 1849 | – Take Profit : 1830 | ||
| – Stop Loss : 1840 | – Stop Loss : 1841 | ||
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