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SpanishDAILY ANALYSIS REPORT MARCH 11 2022
AUD / USD
| Commentary : The Aussie starts a new day on a lower note and hovers around $0.7350 mark. Today pair made intraday high at $0.7367 and low at $0.7334 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7367 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7321 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 | 0.7376 | S1 | 0.7321 |
| R2 | 0.7399 | S2 | 0.7300 |
| R3 | 0.7424 | S3 | 0.7278 |
| R4 | 0.7450 | S4 | 0.7250 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7355 | Sell Below : 0.7312 | ||
| – Take Profit : 0.7390 | – Take Profit : 0.7271 | ||
| – Stop Loss : 0.7327 | – Stop Loss : 0.7340 | ||
EUR / USD
| Commentary : The euro fell sharply after ECB’s dovish Monetary Policy Statement and currently hovers around $1.1000 mark. The pair made intraday high at $1.1019 and low at $1.0980 mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.1022 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0977 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 | 1.1022 | S1 | 1.0974 |
| R2 | 1.1052 | S2 | 1.0951 |
| R3 | 1.1078 | S3 | 1.0930 |
| R4 | 1.1092 | S4 | 1.0912 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1022 | Sell Below : 1.0970 | ||
| – Take Profit : 1.1060 | – Take Profit : 1.0927 | ||
| – Stop Loss : 1.0990 | – Stop Loss : 1.0927 | ||
GBP / USD
| Commentary : The sterling moves in stiff boundaries ahead of U.K.’s various key economic results and remains well supported below $1.3100 mark. The pair hits lowest level since November 2020. Today pair made intraday high at $1.3104 and low at $1.3074 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.3132 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3080 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 | 1.3132 | S1 | 1.3072 |
| R2 | 1.3150 | S2 | 1.3038 |
| R3 | 1.3178 | S3 | 1.3010 |
| R4 | 1.3199 | S4 | 1.3001 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3130 | Sell Below : 1.3071 | ||
| – Take Profit : 1.3171 | – Take Profit : 1.3028 | ||
| – Stop Loss : 1.3099 | – Stop Loss : 1.3101 | ||
USD / CAD
| Commentary : The CAD starts a new day on a lower note ahead of Canada’s Employment Change data and remains well supported above 1.2750 mark. Pair made intraday high at 1.2789 and low at 1.2753 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2805 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2750 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 | 1.2805 | S1 | 1.2750 |
| R2 | 1.2840 | S2 | 1.2721 |
| R3 | 1.2867 | S3 | 1.2700 |
| R4 | 1.2899 | S4 | 1.2678 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2791 | Sell Below : 1.2750 | ||
| – Take Profit : 1.2821 | – Take Profit : 1.2718 | ||
| – Stop Loss : 1.2765 | – Stop Loss : 1.2778 | ||
USD / JPY
| Commentary : The Japanese yen weakens extremely against U.S. dollar and hits lowest level since Jan 2017. The pair made intraday high at 116.38 and low at 116.07 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 116.38 on H1 chart requires for the upside rally. Alternatively, a consistent close below 115.80 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 | 116.54 | S1 | 115.80 |
| R2 | 116.89 | S2 | 115.62 |
| R3 | 117.26 | S3 | 115.40 |
| R4 | 117.58 | S4 | 115.12 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 116.48 | Sell Below : 116.10 | ||
| – Take Profit : 116.72 | – Take Profit : 115.80 | ||
| – Stop Loss : 116.15 | – Stop Loss : 116.36 | ||
GOLD
| Commentary :Gold trades marginally lower on Friday and remains well supported below $2,000 mark. Today pair made intraday high at $1,999 and low at $1,986 mark. A triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above $1,998 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,970 will check further supports. U.S. Prelim UoM Consumer Sentiment Data will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 2001 | S1 | 1970 |
| R2 | 2009 | S2 | 1962 |
| R3 | 2015 | S3 | 1955 |
| R4 | 2022 | S4 | 1948 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1999 | Sell Below : 1981 | ||
| – Take Profit : 2008 | – Take Profit : 1972 | ||
| – Stop Loss : 1991 | – Stop Loss : 1987 | ||
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