English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
SpanishDAILY 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 | ||
 |  | ||
| 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 | ||
 |  | ||
| 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 | ||
 |  | ||
| 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 | ||
 |  | ||
| 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 | ||
 |  | ||
| 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 | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1854 | Sell Below : 1842 | ||
| – Take Profit : 1860 | – Take Profit : 1837 | ||
| – Stop Loss : 1849 | – Stop Loss : 1848 | ||
Download Report in PDF
We provide every solution to start your own
TP Global FX Research Team
With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia.