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SpanishDAILY ANALYSIS REPORT MARCH 02 2022
AUD / USD
| Commentary: The Aussie remained extremely volatile after RBA’s Policy Rate Decision and today starts a new day on a higher note. Today pair made intraday high at $0.7282 and low at $0.7247 mark. A day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above $0.7285 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7240 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 | 0.7299 | S1 | 0.7240 |
| R2 | 0.7315 | S2 | 0.7210 |
| R3 | 0.7350 | S3 | 0.7180 |
| R4 | 0.7376 | S4 | 0.7150 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7285 | Sell Below : 0.7247 | ||
| – Take Profit : 0.7315 | – Take Profit : 0.7215 | ||
| – Stop Loss : 0.7260 | – Stop Loss : 0.7270 | ||
EUR / USD
| Commentary : The euro fell extremely on previous session and starts a new day on a flat note. The pair made intraday high at $1.1135 and low at $1.1111 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1150 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1100 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 | 1.1150 | S1 | 1.1100 |
| R2 | 1.1172 | S2 | 1.1072 |
| R3 | 1.1196 | S3 | 1.1050 |
| R4 | 1.1222 | S4 | 1.1021 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1150 | Sell Below : 1.1100 | ||
| – Take Profit : 1.1178 | – Take Profit : 1.1062 | ||
| – Stop Loss : 1.1127 | – Stop Loss : 1.1122 | ||
GBP / USD
| Commentary : The sterling weakened drastically in previous session and touched $1.3298 mark. Today pair trades in narrow range and stabilizes above $1.3300 mark. Today pair made intraday high at $1.3338 and low at $1.3314 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.3351 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3301 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 | 1.3351 | S1 | 1.3301 |
| R2 | 1.3378 | S2 | 1.3278 |
| R3 | 1.3399 | S3 | 1.3250 |
| R4 | 1.3415 | S4 | 1.3222 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3340 | Sell Below : 1.3302 | ||
| – Take Profit : 1.3375 | – Take Profit : 1.3268 | ||
| – Stop Loss : 1.3310 | – Stop Loss : 1.3330 | ||
USD / CAD
| Commentary : The CAD starts a new day on a higher note ahead of Bank of Canada’s Interest Rest decision and remains well supported above 1.2700 mark. Pair made intraday high at 1.2743 and low at 1.2714 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2750 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2700 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 | 1.2750 | S1 | 1.2700 |
| R2 | 1.2772 | S2 | 1.2672 |
| R3 | 1.2799 | S3 | 1.2650 |
| R4 | 1.2815 | S4 | 1.2622 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2740 | Sell Below : 1.2702 | ||
| – Take Profit : 1.2773 | – Take Profit : 1.2662 | ||
| – Stop Loss : 1.2720 | – Stop Loss : 1.2732 | ||
USD / JPY
| Commentary : The Japanese yen depreciates on Wednesday as Japan after mixed economic results. The pair made intraday high at 115.08 and low at 114.78 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 115.10 on H1 chart requires for the upside rally. Alternatively, a consistent close below 114.72 on H1 chart will check further key supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 115.30 | S1 | 114.72 |
| R2 | 115.57 | S2 | 114.30 |
| R3 | 115.72 | S3 | 114.05 |
| R4 | 115.90 | S4 | 113.80 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 114.89 | Sell Below : 114.80 | ||
| – Take Profit : 115.12 | – Take Profit : 114.56 | ||
| – Stop Loss : 115.37 | – Stop Loss : 115.05 | ||
GOLD
| Commentary : Gold rose noticeably on previous session and touches $1,950 mark. Today pair made intraday high at $1,945 and low at $1,931 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,945 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,932 will check further supports. Later today U.S. ADP Job results 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 | 1945 | S1 | 1931 |
| R2 | 1952 | S2 | 1926 |
| R3 | 1958 | S3 | 1920 |
| R4 | 1964 | S4 | 1912 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1947 | Sell Below : 1930 | ||
| – Take Profit : 1955 | – Take Profit : 1921 | ||
| – Stop Loss : 1941 | – Stop Loss : 1937 | ||
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