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SpanishDAILY ANALYSIS REPORT MARCH 14 2022
AUD / USD
| Commentary : The Aussie depreciates sharply against U.S. dollar and hovers around $0.7250 mark. Today pair made intraday high at $0.7298 and low at $0.7250 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $0.7299 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7240 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 | 0.7299 | S1 | 0.7240 |
| R2 | 0.7315 | S2 | 0.7212 |
| R3 | 0.7350 | S3 | 0.7201 |
| R4 | 0.7376 | S4 | 0.7182 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7299 | Sell Below : 0.7238 | ||
| – Take Profit : 0.7330 | – Take Profit : 0.7202 | ||
| – Stop Loss : 0.7265 | – Stop Loss : 0.7262 | ||
EUR / USD
| Commentary : The euro starts a new week on a lower note and hovers around $1.0900 mark. The pair made intraday high at $1.0938 and low at $1.0900 mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.0940 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0890 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 | 1.0940 | S1 | 1.0890 |
| R2 | 1.0965 | S2 | 1.0855 |
| R3 | 1.0999 | S3 | 1.0824 |
| R4 | 1.1022 | S4 | 1.0801 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0940 | Sell Below : 1.0890 | ||
| – Take Profit : 1.0970 | – Take Profit : 1.0855 | ||
| – Stop Loss : 1.0910 | – Stop Loss : 1.0915 | ||
GBP / USD
| Commentary : The sterling starts a new week on a lower note and hits lowest level since November 2020. Today pair made intraday high at $1.3052 and low at $1.3011 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.3050 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3000 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 | 1.3050 | S1 | 1.3001 |
| R2 | 1.3072 | S2 | 1.2981 |
| R3 | 1.3096 | S3 | 1.2955 |
| R4 | 1.3122 | S4 | 1.2912 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3054 | Sell Below : 1.2998 | ||
| – Take Profit : 1.3090 | – Take Profit : 1.2951 | ||
| – Stop Loss : 1.3015 | – Stop Loss : 1.3028 | ||
USD / CAD
| Commentary : The CAD weakens sharply in opening hours and touches 1.2789 mark. Pair made intraday high at 1.2789 and low at 1.2725 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2790 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 | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2790 | 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 : 1.2795 | Sell Below : 1.2748 | ||
| – Take Profit : 1.2827 | – Take Profit : 1.2715 | ||
| – Stop Loss : 1.2762 | – Stop Loss : 1.2775 | ||
USD / JPY
| Commentary : The Japanese yen falls drastically against U.S. dollar and hits lowest level since Jan 2017. The pair made intraday high at 117.88 and low at 117.27 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 117.94 on H1 chart requires for the upside rally. Alternatively, a consistent close below 117.20 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 | 117.94 | S1 | 117.20 |
| R2 | 118.18 | S2 | 116.88 |
| R3 | 118.50 | S3 | 116.65 |
| R4 | 118.76 | S4 | 116.47 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 117.98 | Sell Below : 117.50 | ||
| – Take Profit : 118.30 | – Take Profit : 117.21 | ||
| – Stop Loss : 117.68 | – Stop Loss : 117.78 | ||
GOLD
| Commentary: Gold starts a new week on a lower note and remains well supported below $1,980 mark. Today pair made intraday high at $1,988 and low at $1,970 mark. A triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above $1,991 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,970 will check further supports. U.S. 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 | 1991 | S1 | 1970 |
| R2 | 1998 | S2 | 1962 |
| R3 | 2005 | S3 | 1955 |
| R4 | 2212 | S4 | 1948 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1984 | Sell Below : 1970 | ||
| – Take Profit : 1992 | – Take Profit : 1961 | ||
| – Stop Loss : 1976 | – Stop Loss : 1976 | ||
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