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SpanishDAILY ANALYSIS REPORT MARCH 15 2022
AUD / USD
| Commentary : The Aussie continues to fall against U.S. dollar and slips back below $0.7200 mark. Today pair made intraday high at $0.7206 and low at $0.7165 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $0.7202 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7171 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 | 0.7202 | S1 | 0.7171 |
| R2 | 0.7240 | S2 | 0.7150 |
| R3 | 0.7272 | S3 | 0.7115 |
| R4 | 0.7299 | S4 | 0.7100 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7202 | Sell Below : 0.7238 | ||
| – Take Profit : 0.7238 | – Take Profit : 0.7202 | ||
| – Stop Loss : 0.7172 | – Stop Loss : 0.7262 | ||
EUR / USD
| Commentary : The euro recovers slightly from previous losses and remains well supported above $1.0950 mark. The pair made intraday high at $1.0976 and low at $1.0930 mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.0999 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0930 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 | 1.0999 | S1 | 1.0930 |
| R2 | 1.1022 | S2 | 1.0901 |
| R3 | 1.1054 | S3 | 1.0876 |
| R4 | 1.1078 | S4 | 1.0850 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0999 | Sell Below : 1.0950 | ||
| – Take Profit : 1.1030 | – Take Profit : 1.0950 | ||
| – Stop Loss : 1.0960 | – Stop Loss : 1.0980 | ||
GBP / USD
| Commentary : The sterling trades marginally higher on Tuesday ahead of U.K.’s Jobless claims results and remains well supported above $1.3000 mark. Today pair made intraday high at $1.3034 and low at $1.2999 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 $1.2998 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 | 1.2998 |
| R2 | 1.3072 | S2 | 1.2981 |
| R3 | 1.3096 | S3 | 1.2955 |
| R4 | 1.3122 | S4 | 1.2912 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3050 | Sell Below : 1.2998 | ||
| – Take Profit : 1.3084 | – Take Profit : 1.2952 | ||
| – Stop Loss : 1.3015 | – Stop Loss : 1.3026 | ||
USD / CAD
| Commentary : The CAD fell drastically against U.S. dollar in previous session and today touches 1.2853 mark in opening hours. Pair made intraday high at 1.2853 and low at 1.2808 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2850 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2800 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 | 1.2850 | S1 | 1.2800 |
| R2 | 1.2872 | S2 | 1.2770 |
| R3 | 1.2899 | S3 | 1.2750 |
| R4 | 1.2924 | S4 | 1.2721 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2851 | Sell Below : 1.2801 | ||
| – Take Profit : 1.2881 | – Take Profit : 1.2770 | ||
| – Stop Loss : 1.2820 | – Stop Loss : 1.2827 | ||
USD / JPY
| Commentary : The Japanese yen weakens drastically against U.S. dollar and jumps back above 118.00 mark. The pair made intraday high at 118.45 and low at 118.10 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 118.50 on H1 chart requires for the upside rally. Alternatively, a consistent close below 117.90 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 | 118.50 | S1 | 117.90 |
| R2 | 118.76 | S2 | 117.65 |
| R3 | 118.99 | S3 | 117.34 |
| R4 | 119.28 | S4 | 117.00 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 118.48 | Sell Below : 117.90 | ||
| – Take Profit : 118.90 | – Take Profit : 117.52 | ||
| – Stop Loss : 118.12 | – Stop Loss : 118.22 | ||
GOLD
| Commentary : Gold falls gradually against U.S. dollar ahead of U.S. PPI, Core PPI data and hovers around $1,940 mark. Today pair made intraday high at $1,954 and low at $1,939 mark. A triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above $1,954 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,938 will check further supports. Traders eye U.S. FOMC Meeting due tomorrow. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1954 | S1 | 1938 |
| R2 | 1962 | S2 | 1930 |
| R3 | 1968 | S3 | 1924 |
| R4 | 1974 | S4 | 1917 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1949 | Sell Below : 1936 | ||
| – Take Profit : 1955 | – Take Profit : 1930 | ||
| – Stop Loss : 1942 | – Stop Loss : 1941 | ||
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