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SpanishDAILY ANALYSIS REPORT MARCH 18 2022
AUD / USD
| Commentary : The Aussie spiked up sharply in previous session and touches $0.7393 mark in early Asia. Today pair made intraday high at $0.7393 and low at $0.7371 mark. A day chart and H1 chart with triple EMAsuggest up trend for the time being. Asustained close above $0.7392 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7350 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 | 0.7399 | S1 | 0.7350 |
| R2 | 0.7426 | S2 | 0.7315 |
| R3 | 0.7455 | S3 | 0.7300 |
| R4 | 0.7478 | S4 | 0.7278 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7396 | Sell Below : 0.7355 | ||
| – Take Profit : 0.7426 | – Take Profit : 0.7320 | ||
| – Stop Loss : 0.7368 | – Stop Loss : 0.7382 | ||
EUR / USD
| Commentary : The euro strengthened sharply in previous session and touched $1.1137 mark. The pair made intraday high at $1.1118 and low at $1.1081 mark. Today triple EMAon a day chart is down and H1 chart suggests up trend for the time being. Aconsistent close above $1.1101 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1070 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 | 1.1101 | S1 | 1.1070 |
| R2 | 1.1126 | S2 | 1.1040 |
| R3 | 1.1154 | S3 | 1.1015 |
| R4 | 1.1182 | S4 | 1.1000 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1105 | Sell Below : 1.1065 | ||
| – Take Profit : 1.1132 | – Take Profit : 1.1027 | ||
| – Stop Loss : 1.1076 | – Stop Loss : 1.1095 | ||
GBP / USD
| Commentary : The sterling remained highly volatile in previous session after BOE’s Monetary Policy Statement. Today pair made intraday high at $1.3183 and low at $1.3145 mark. A day chart is down and H1 chart with triple EMAsuggests up trend for the time being. Asustained 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 : 1.3185 | Sell Below : 1.3130 | ||
| – Take Profit : 1.3220 | – Take Profit : 1.3100 | ||
| – Stop Loss : 1.3160 | – Stop Loss : 1.3160 | ||
USD / CAD
| Commentary : The CAD appreciated sharply on Thursday and touched 1.2613 mark. Pair made intraday high at 1.2635 and low at 1.2613 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2640 on H1 chart requires for the upside rally. Alternatively, a consistent close elow 1.2600 on H1 chart will check key supports too. Canada’s Retail Sales 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 | 1.2640 | S1 | 1.2600 |
| R2 | 1.2678 | S2 | 1.2580 |
| R3 | 1.2699 | S3 | 1.2555 |
| R4 | 1.2715 | S4 | 1.2530 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2640 | Sell Below : 1.2600 | ||
| – Take Profit : 1.2670 | – Take Profit : 1.2571 | ||
| – Stop Loss : 1.2610 | – Stop Loss : 1.2625 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally higher ahead of BoJ’s policy rate decision and hovers around 118.70 mark. The pair made intraday high at 118.76 and low at 118.47 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 : 118.90 | Sell Below : 118.51 | ||
| – Take Profit : 119.25 | – Take Profit : 118.20 | ||
| – Stop Loss : 118.60 | – Stop Loss : 118.77 | ||
GOLD
| Commentary : : Gold exhibits range bound movement and remains well supported above $1,930 mark. Today pair made intraday high at $1,945 and low at $1,926 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,948 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. U.S. Economic Calendar will remain light 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 | 1948 | S1 | 1921 |
| R2 | 1954 | S2 | 1915 |
| R3 | 1960 | S3 | 1909 |
| R4 | 1967 | S4 | 1901 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1948 | Sell Below : 1921 | ||
| – Take Profit : 1955 | – Take Profit : 1912 | ||
| – Stop Loss : 1942 | – Stop Loss : 1927 | ||
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