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SpanishDAILY ANALYSIS REPORT JUNE 16 2022
AUD / USD
| Commentary : The Aussie appreciates on Thursday after mixed employment results and jumps back above $0.7000 mark. Today pair made intraday high at $0.7035 and low at $0.6992 mark. Aday chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7030 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6998 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 | 0.7030 | S1 | 0.6990 |
| R2 | 0.7055 | S2 | 0.6965 |
| R3 | 0.7072 | S3 | 0.6950 |
| R4 | 0.7099 | S4 | 0.6921 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7030 | Sell Below : 0.6992 | ||
| – Take Profit : 0.7061 | – Take Profit : 0.6958 | ||
| – Stop Loss : 0.7004 | – Stop Loss : 0.7028 | ||
EUR / USD
| Commentary : The euro moves in rigid boundaries ahead of Eurogroup’s meeting and hovers around $1.0450 mark. The pair made intraday high at $1.0469 and low at $1.0431 mark. Today triple EMAon a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0460 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0415 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 | 1.0460 | S1 | 1.0415 |
| R2 | 1.0476 | S2 | 1.0400 |
| R3 | 1.0499 | S3 | 1.0384 |
| R4 | 1.0526 | S4 | 1.0365 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0470 | Sell Below : 1.0422 | ||
| – Take Profit : 1.0502 | – Take Profit : 1.0389 | ||
| – Stop Loss : 1.0446 | – Stop Loss : 1.0450 | ||
GBP / USD
| Commentary : The sterling trades flat ahead of U.K.’s Interest Rate Decision and stabilizes around $1.2150 mark. Today pair made intraday high at $1.2189 and low at $1.2141 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2178 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2130 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 | 1.2178 | S1 | 1.2130 |
| R2 | 1.2199 | S2 | 1.2112 |
| R3 | 1.2226 | S3 | 1.2086 |
| R4 | 1.2250 | S4 | 1.2055 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2189 | Sell Below : 1.2131 | ||
| – Take Profit : 1.2240 | – Take Profit : 1.2091 | ||
| – Stop Loss : 1.2148 | – Stop Loss : 1.2165 | ||
USD / CAD
| Commentary : The CAD trades in narrow range on Thursday and hovers around 1.2900 mark. Today the pair made intraday high at 1.2895 and low at 1.2860 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2911 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2865 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 | 1.2911 | S1 | 1.2865 |
| R2 | 1.2940 | S2 | 1.2840 |
| R3 | 1.2965 | S3 | 1.2821 |
| R4 | 1.2999 | S4 | 1.2801 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2916 | Sell Below : 1.2855 | ||
| – Take Profit : 1.2952 | – Take Profit : 1.2820 | ||
| – Stop Loss : 1.2888 | – Stop Loss : 1.2890 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally lower as trade balance data misses expectations. The pair made intraday high at 134.67 and low at 133.67 mark. The triple EMAon a day chart is up and H1 chart suggests down trend for the time being. Asustained close above 134.65 on H1 chart requires for the upside rally. Alternatively, a consistent close below 134.00 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 | 134.70 | S1 | 134.00 |
| R2 | 134.99 | S2 | 133.81 |
| R3 | 135.31 | S3 | 133.50 |
| R4 | 135.58 | S4 | 133.21 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 134.65 | Sell Below : 133.99 | ||
| – Take Profit : 135.05 | – Take Profit : 133.50 | ||
| – Stop Loss : 134.32 | – Stop Loss : 134.32 | ||
GOLD
| Commentary : : Gold strengthened sharply in previous session as Fed official raised funds rate by 75 basis points. Today the pair made intraday high at $1,836 and low at $1,829 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,838 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,828 on H1 chart will test further supports. Later today U.S. Philly Fed manufacturing Index data will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1838 | S1 | 1828 |
| R2 | 1842 | S2 | 1822 |
| R3 | 1848 | S3 | 1818 |
| R4 | 1854 | S4 | 1812 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1838 | Sell Below : 1828 | ||
| – Take Profit : 1845 | – Take Profit : 1821 | ||
| – Stop Loss : 1831 | – Stop Loss : 1834 | ||
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