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SpanishDAILY ANALYSIS REPORT MARCH 04 2022
AUD / USD
| Commentary : The Aussie rises sharply against U.S. dollar and remains well supported above $0.7300 mark. Today pair made intraday high at $0.7341 and low at $0.7300 mark. A day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above $0.7350 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7302 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 | 0.7350 | S1 | 0.7302 |
| R2 | 0.7376 | S2 | 0.7278 |
| R3 | 0.7399 | S3 | 0.7250 |
| R4 | 0.7422 | S4 | 0.7221 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7350 | Sell Below : 0.7315 | ||
| – Take Profit : 0.7380 | – Take Profit : 0.7280 | ||
| – Stop Loss : 0.7322 | – Stop Loss : 0.7340 | ||
EUR / USD
| Commentary : The euro weakens drastically against U.S. dollar and hits lowest level since May 2020. The pair made intraday high at $1.1067 and low at $1.1009 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1065 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1012 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 | 1.1065 | S1 | 1.1001 |
| R2 | 1.1090 | S2 | 1.0980 |
| R3 | 1.1122 | S3 | 1.0950 |
| R4 | 1.1150 | S4 | 1.0922 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1070 | Sell Below : 1.1005 | ||
| – Take Profit : 1.1105 | – Take Profit : 1.0968 | ||
| – Stop Loss : 1.1040 | – Stop Loss : 1.1032 | ||
GBP / USD
| Commentary: The sterling exhibits range-bound movement and hovers around $1.3350 mark. Today pair made intraday high at $1.3353 and low at $1.3315 mark. A day chart and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1.3351 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3312 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 | 1.3312 |
| R2 | 1.3376 | S2 | 1.3282 |
| R3 | 1.3399 | S3 | 1.3260 |
| R4 | 1.3422 | S4 | 1.3237 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3360 | Sell Below : 1.3312 | ||
| – Take Profit : 1.3398 | – Take Profit : 1.3282 | ||
| – Stop Loss : 1.3332 | – Stop Loss : 1.3340 | ||
USD / CAD
| Commentary : The CAD erases previous gain against U.S. dollar and touches 1.2722 mark in early Asia. Pair made intraday high at 1.2722 and low at 1.2669 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2722 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2670 on H1 chart will check key supports too. Canada’s Ivey PMI data is in focus. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2722 | S1 | 1.2670 |
| R2 | 1.2750 | S2 | 1.2650 |
| R3 | 1.2772 | S3 | 1.2615 |
| R4 | 1.2799 | S4 | 1.2600 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2722 | Sell Below : 1.2670 | ||
| – Take Profit : 1.2755 | – Take Profit : 1.2632 | ||
| – Stop Loss : 1.2690 | – Stop Loss : 1.2699 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally higher on Friday and hovers around 115.30 mark. The pair made intraday high at 115.55 and low at 115.25 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 115.50 on H1 chart requires for the upside rally. Alternatively, a consistent close below 115.12 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 | 115.50 | S1 | 115.12 |
| R2 | 115.75 | S2 | 114.90 |
| R3 | 115.90 | S3 | 114.65 |
| R4 | 116.22 | S4 | 114.30 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 115.55 | Sell Below : 115.12 | ||
| – Take Profit : 115.78 | – Take Profit : 114.80 | ||
| – Stop Loss : 115.30 | – Stop Loss : 115.40 | ||
GOLD
| Commentary : Gold remains highly volatile in opening hours and currently hovers around $1,940 mark. Today pair made intraday high at $1,951 and low at $1,929 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,948 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,931 will check further supports. Traders eye U.S. NFP job data. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1954 | S1 | 1931 |
| R2 | 1960 | S2 | 1926 |
| R3 | 1967 | S3 | 1918 |
| R4 | 1975 | S4 | 1911 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1944 | Sell Below : 1936 | ||
| – Take Profit : 1951 | – Take Profit : 1928 | ||
| – Stop Loss : 1938 | – Stop Loss : 1942 | ||
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