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SpanishDAILY ANALYSIS REPORT MARCH 08 2022
AUD / USD
| Commentary : The Aussie weakens drastically in previous session and stabilizes below $0.7350 mark. Today pair made intraday high at $0.7441 and low at $0.7354 mark. A day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7350 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7310 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 | 0.7350 | S1 | 0.7310 |
| R2 | 0.7372 | S2 | 0.7280 |
| R3 | 0.7399 | S3 | 0.7250 |
| R4 | 0.7426 | S4 | 0.7215 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7351 | Sell Below : 0.7301 | ||
| – Take Profit : 0.7378 | – Take Profit : 0.7270 | ||
| – Stop Loss : 0.7321 | – Stop Loss : 0.7328 | ||
EUR / USD
| Commentary : The euro weakens sharply and touched $1.0805 mark in previous session. The pair made intraday high at $1.0884 and low at $1.0848 mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.0890 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0832 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 | 1.0890 | S1 | 1.0832 |
| R2 | 1.0926 | S2 | 1.0785 |
| R3 | 1.0955 | S3 | 1.0762 |
| R4 | 1.0978 | S4 | 1.0737 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0891 | Sell Below : 1.0840 | ||
| – Take Profit : 1.0930 | – Take Profit : 1.0808 | ||
| – Stop Loss : 1.0857 | – Stop Loss : 1.0868 | ||
GBP / USD
| Commentary: The sterling spiked down drastically in previous session and touched $1.3101 mark. Today pair made intraday high at $1.3130 and low at $1.3101 mark. A day chart and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1.3155 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3100 will check further supports. | |||
| Indicators | H1 | ||
| Trends | DownTrend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3155 | S1 | 1.3100 |
| R2 | 1.3172 | S2 | 1.3084 |
| R3 | 1.3199 | S3 | 1.3062 |
| R4 | 1.3222 | S4 | 1.3038 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3155 | Sell Below : 0.3094 | ||
| – Take Profit : 1.3192 | – Take Profit : 1.3051 | ||
| – Stop Loss : 1.3110 | – Stop Loss : 1.3131 | ||
USD / CAD
| Commentary : The CAD depreciated extremely and jumps back above 1.2800 mark. Pair made intraday high at 1.2820 and low at 1.2796 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.2820 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2790 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 | 1.2820 | S1 | 1.2790 |
| R2 | 1.2852 | S2 | 1.2765 |
| R3 | 1.2872 | S3 | 1.2740 |
| R4 | 1.2899 | S4 | 1.2715 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2821 | Sell Below : 1.2789 | ||
| – Take Profit : 1.2861 | – Take Profit : 1.2760 | ||
| – Stop Loss : 1.2796 | – Stop Loss : 1.2815 | ||
USD / JPY
| Commentary : The Japanese yen falls gradually against U.S. dollar as Japan’s Current account data misses expectations and remains well supported above 115.00 mark. The pair made intraday high at 115.51 and low at 115.24 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 115.20 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 | 115.50 | S1 | 115.20 |
| 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 : 115.52 | Sell Below : 115.20 | ||
| – Take Profit : 115.76 | – Take Profit : 114.89 | ||
| – Stop Loss : 115.26 | – Stop Loss : 115.45 | ||
GOLD
| Commentary : Gold starts a new day on a lower note and hovers around $1,990 mark. Today pair made intraday high at $2,000 and low at $1,981 mark. A triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above $2,002 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,978 will check further supports. U.S. Economic Calendar will remain empty for the day. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 2008 | S1 | 1978 |
| R2 | 2015 | S2 | 1970 |
| R3 | 2022 | S3 | 1962 |
| R4 | 2030 | S4 | 1954 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1994 | Sell Below : 1981 | ||
| – Take Profit : 2002 | – Take Profit : 1972 | ||
| – Stop Loss : 1985 | – Stop Loss : 1990 | ||
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