DAILY ANALYSIS REPORT JUNE 08 2022
AUD / USD
Commentary : The Aussie trades in narrow range on Wednesday and remains well supported above $0.7200 mark. Today pair made intraday high at $0.7234 and low at $0.7213 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7240 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7192 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 | 0.7240 | S1 | 0.7192 |
R2 | 0.7272 | S2 | 0.7165 |
R3 | 0.7299 | S3 | 0.7150 |
R4 | 0.7326 | S4 | 0.7122 |
BUY | SELL | ||
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Trade Idea | Trade Idea | ||
Buy Above : 0.7230 | Sell Below : 0.7189 | ||
– Take Profit : 0.7230 | – Take Profit : 0.7160 | ||
– Stop Loss : 0.7202 | – Stop Loss : 0.7220 |
EUR / USD
Commentary : The euro moves in narrow range ahead of German Industrial Production data and stabilizes below $1.0700 mark. The pair made intraday high at $1.0707 and low at $1.0681 mark. Today triple EMA on a day chart and H1 chart suggests down trend for the time being. A consistent close above $1.0712 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0670 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 | 1.0712 | S1 | 1.0670 |
R2 | 1.0730 | S2 | 1.0647 |
R3 | 1.0755 | S3 | 1.0615 |
R4 | 1.0776 | S4 | 1.0600 |
BUY | SELL | ||
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Trade Idea | Trade Idea | ||
Buy Above : 1.0702 | Sell Below : 1.0670 | ||
– Take Profit : 1.0730 | – Take Profit : 1.0640 | ||
– Stop Loss : 1.0678 | – Stop Loss : 1.0699 |
GBP / USD
Commentary : The sterling moves in stiff boundaries ahead of U.K.’s Construction PMI data and stabilizes around $1.2550 mark. Today pair made intraday high at $1.2597 and low at $1.2563 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2598 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 | 1.2598 | S1 | 1.2550 |
R2 | 1.2626 | S2 | 1.2512 |
R3 | 1.2665 | S3 | 1.2490 |
R4 | 1.2689 | S4 | 1.2455 |
BUY | SELL | ||
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Buy Above : 1.2590 | Sell Below : 1.2550 | ||
– Take Profit : 1.2621 | – Take Profit : 1.2520 | ||
– Stop Loss : 1.2571 | – Stop Loss : 1.2580 |
USD / CAD
Commentary : The CAD strengthened sharply in previous session and currently hovers around 1.2550 mark. Today the pair made intraday high at 1.2550 and low at 1.2524 mark. Today a day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above 1.2570 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2526 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 | 1.2570 | S1 | 1.2521 |
R2 | 1.2605 | S2 | 1.2500 |
R3 | 1.2626 | S3 | 1.2478 |
R4 | 1.2652 | S4 | 1.2450 |
BUY | SELL | ||
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Trade Idea | Trade Idea | ||
Buy Above : 1.2572 | Sell Below : 1.2525 | ||
– Take Profit : 1.2605 | – Take Profit : 1.2490 | ||
– Stop Loss : 1.2540 | – Stop Loss : 1.2552 |
USD / JPY
Commentary : The Japanese yen continues to trade lower after mixed economic data and hovers around 133.00 mark. The pair made intraday high at 133.21 and low at 132.54 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 133.20 on H1 chart requires for the upside rally. Alternatively, a consistent close below 132.47 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 | 133.30 | S1 | 132.47 |
R2 | 133.65 | S2 | 132.12 |
R3 | 133.92 | S3 | 131.84 |
R4 | 134.26 | S4 | 131.50 |
BUY | SELL | ||
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Trade Idea | Trade Idea | ||
Buy Above : 133.30 | Sell Below : 132.68 | ||
– Take Profit : 133.81 | – Take Profit : 132.21 | ||
– Stop Loss : 132.91 | – Stop Loss : 133.02 |
GOLD
Commentary : Gold weakens on Wednesday and slips back below $1,850 mark. The pair made intraday high at $1,853 and low at $1,846 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,852 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,842 on H1 chart will test further supports. U.S. session will remain light 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 | 1852 | S1 | 1842 |
R2 | 1858 | S2 | 1838 |
R3 | 1862 | S3 | 1832 |
R4 | 1868 | S4 | 1826 |
BUY | SELL | ||
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Trade Idea | Trade Idea | ||
Buy Above : 1854 | Sell Below : 1842 | ||
– Take Profit : 1860 | – Take Profit : 1837 | ||
– Stop Loss : 1849 | – Stop Loss : 1848 |

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