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SpanishDAILY ANALYSIS REPORT MARCH 17 2022
AUD / USD
| Commentary : The Aussie rose sharply on Thursday after robust Retail Sales data and jumps back above $0.7300 mark. Today pair made intraday high at $0.7320 and low at $0.7282 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7320 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7280 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 | 0.7320 | S1 | 0.7280 |
| R2 | 0.7350 | S2 | 0.7255 |
| R3 | 0.7376 | S3 | 0.7221 |
| R4 | 0.7399 | S4 | 0.7201 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7322 | Sell Below : 0.7280 | ||
| – Take Profit : 0.7348 | – Take Profit : 0.7252 | ||
| – Stop Loss : 0.7292 | – Stop Loss : 0.7305 | ||
EUR / USD
| Commentary: The euro trades flat in early Asia and jumps back above $1.1000 mark. The pair made intraday high at $1.1052 and low at $1.1007 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.1051 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1000 on H1 chart 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 | 1.1051 | S1 | 1.1001 |
| R2 | 1.1078 | S2 | 1.0982 |
| R3 | 1.1099 | S3 | 1.0955 |
| R4 | 1.1126 | S4 | 1.0930 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1054 | Sell Below : 1.1010 | ||
| – Take Profit : 1.1092 | – Take Profit : 1.0968 | ||
| – Stop Loss : 1.1021 | – Stop Loss : 1.1030 | ||
GBP / USD
| Commentary : The sterling exhibits range bound movement and consolidates around $1.3150 mark ahead of U.K.’s Interest Rate Decision due at 1200 GMT. Today pair made intraday high at $1.3163 and low at $1.3125 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.3172 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3130 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 | 1.3172 | S1 | 1.3130 |
| R2 | 1.3199 | S2 | 1.3100 |
| R3 | 1.3226 | S3 | 1.3080 |
| R4 | 1.3254 | S4 | 1.3055 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3176 | Sell Below : 1.3138 | ||
| – Take Profit : 1.3212 | – Take Profit : 1.3101 | ||
| – Stop Loss : 1.3140 | – Stop Loss : 1.3171 | ||
USD / CAD
| Commentary : The CAD strengthens on Thursday and slips back below 1.2700 mark. Pair made intraday high at 1.2698 and low at 1.2668 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2690 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2650 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 | 1.2690 | S1 | 1.2650 |
| R2 | 1.2722 | S2 | 1.2612 |
| R3 | 1.2750 | S3 | 1.2580 |
| R4 | 1.2772 | S4 | 1.2562 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2700 | Sell Below : 1.2665 | ||
| – Take Profit : 1.2731 | – Take Profit : 1.2630 | ||
| – Stop Loss : 1.2670 | – Stop Loss : 1.2692 | ||
USD / JPY
| Commentary : The Japanese yen remains slightly volatile in early Asian and touches 119.02 mark on opening hours. The pair made intraday high at 119.02 and low at 118.62 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 118.90 on H1 chart requires for the upside rally. Alternatively, a consistent close below 118.40 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 | 119.12 | S1 | 118.40 |
| R2 | 119.56 | S2 | 118.12 |
| R3 | 119.88 | S3 | 117.90 |
| R4 | 120.24 | S4 | 117.65 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 118.92 | Sell Below : 118.38 | ||
| – Take Profit : 119.21 | – Take Profit : 118.01 | ||
| – Stop Loss : 118.65 | – Stop Loss : 118.75 | ||
GOLD
| Commentary : Gold strengthens immediately after FOMC’s Interest rate hike as per expectations. Today pair made intraday high at $1,938 and low at $1,923 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,938 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,921 will check further supports. Traders eye U.S. Industrial Production data for the further directions. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1938 | S1 | 1921 |
| R2 | 1942 | S2 | 1915 |
| R3 | 1948 | S3 | 1909 |
| R4 | 1954 | S4 | 1901 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above: 1941 | Sell Below: 1921 | ||
| – Take Profit: 1950 | – Take Profit: 1914 | ||
| – Stop Loss : 1934 | – Stop Loss: 1928 | ||
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