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SpanishDAILY ANALYSIS REPORT JUNE 17 2022
AUD / USD
| Commentary : The Aussie trades slightly lower on Friday and stabilizes below $0.7050 mark. Today pair made intraday high at $0.7051 and low at $0.7016 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7050 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7002 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 | 0.7055 | S1 | 0.7002 |
| R2 | 0.7072 | S2 | 0.6982 |
| R3 | 0.7099 | S3 | 0.6950 |
| R4 | 0.7130 | S4 | 0.6921 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7040 | Sell Below : 0.6999 | ||
| – Take Profit : 0.7065 | – Take Profit : 0.6965 | ||
| – Stop Loss : 0.7011 | – Stop Loss : 0.7030 | ||
EUR / USD
| Commentary : The euro depreciates on Friday ahead of Euro’s CPI & Core CPI data. The pair made intraday high at $1.0560 and low at $1.0517 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0552 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0490 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 | 1.0552 | S1 | 1.0490 |
| R2 | 1.0584 | S2 | 1.0465 |
| R3 | 1.0615 | S3 | 1.0432 |
| R4 | 1.0650 | S4 | 1.0410 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0552 | Sell Below : 1.0499 | ||
| – Take Profit : 1.0585 | – Take Profit : 1.0457 | ||
| – Stop Loss : 1.0521 | – Stop Loss : 1.0528 | ||
GBP / USD
| Commentary : The sterling strengthens sharply after BoE’s Interest Rate decision and touches $1.2405 mark. Today pair made intraday high at $1.2352 and low at $1.2285 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2350 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2272 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 | 1.2354 | S1 | 1.2272 |
| R2 | 1.2382 | S2 | 1.2250 |
| R3 | 1.2406 | S3 | 1.2221 |
| R4 | 1.2426 | S4 | 1.2201 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2321 | Sell Below : 1.2272 | ||
| – Take Profit : 1.2350 | – Take Profit : 1.2240 | ||
| – Stop Loss : 1.2288 | – Stop Loss : 1.2302 | ||
USD / CAD
| Commentary : The CAD exhibits range bound movement ahead of RMPI & IPPI m/m data and hovers around 1.2950 mark. Today the pair made intraday high at 1.2969 and low at 1.2938 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2965 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2930 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 | 1.2965 | S1 | 1.2930 |
| R2 | 1.2999 | S2 | 1.2902 |
| R3 | 1.3030 | S3 | 1.2876 |
| R4 | 1.3054 | S4 | 1.2840 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2965 | Sell Below : 1.2922 | ||
| – Take Profit : 1.3001 | – Take Profit : 1.288 | ||
| – Stop Loss : 1.2938 | – Stop Loss : 1.296 | ||
USD / JPY
| Commentary : The Japanese yen remains extremely volatile after BoJ’s policy rate decision and currently hovers around 134.00 mark. The pair made intraday high at 134.64 and low at 132.15 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 134.23 on H1 chart requires for the upside rally. Alternatively, a consistent close below 133.20 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 | 135.02 | S1 | 132.10 |
| R2 | 135.30 | S2 | 131.72 |
| R3 | 135.55 | S3 | 131.50 |
| R4 | 135.82 | S4 | 131.18 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 134.37 | Sell Below : 133.15 | ||
| – Take Profit : 134.92 | – Take Profit : 132.62 | ||
| – Stop Loss : 133.80 | – Stop Loss : 133.74 | ||
GOLD
| Commentary : Gold spiked up noticeably in previous session as U.S. released Housing as well as Philly Fed Manufacturing Index data with negative number. Today the pair made intraday high at $1,856 and low at $1,841 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,848 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,838 on H1 chart will test further supports. Later today U.S. Fed Chair Powell’s speech and Industrial production data will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | BelowRSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1852 | S1 | 1838 |
| R2 | 1858 | S2 | 1832 |
| R3 | 1862 | S3 | 1826 |
| R4 | 1868 | S4 | 1821 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1847 | Sell Below : 1840 | ||
| – Take Profit : 1853 | – Take Profit : 1832 | ||
| – Stop Loss : 1853 | – Stop Loss : 1846 | ||
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