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SpanishDAILY ANALYSIS REPORT MARCH 22 2022
AUD / USD
| Commentary : The Aussie trades marginally lower on Tuesday and hovers around $0.7400 mark. Today pair made intraday high at $0.7402 and low at $0.7375 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7399 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7355 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 | 0.7426 | S1 | 0.7355 |
| R2 | 0.7455 | S2 | 0.7315 |
| R3 | 0.7478 | S3 | 0.7300 |
| R4 | 0.7505 | S4 | 0.7282 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7402 | Sell Below : 0.7368 | ||
| – Take Profit : 0.7430 | – Take Profit : 0.7340 | ||
| – Stop Loss : 0.7375 | – Stop Loss : 0.7398 | ||
EUR / USD
| Commentary : The euro weakens drastically against U.S. dollar and consolidates around $1.1000 mark. The pair made intraday high at $1.1025 and low at $1.0981 mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.1030 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0980 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 | 1.1030 | S1 | 1.0980 |
| R2 | 1.1054 | S2 | 1.0958 |
| R3 | 1.1076 | S3 | 1.0924 |
| R4 | 1.1099 | S4 | 1.0901 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1030 | Sell Below : 1.0980 | ||
| – Take Profit : 1.1055 | – Take Profit : 1.0952 | ||
| – Stop Loss : 1.1005 | – Stop Loss : 1.1012 | ||
GBP / USD
| Commentary : The sterling enjoys roller coaster movement and remains well supported above $1.3120 mark. Today pair made intraday high at $1.3171 and low at $1.3132 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.3172 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3126 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 | 1.3172 | S1 | 1.3126 |
| R2 | 1.3199 | S2 | 1.3100 |
| R3 | 1.3226 | S3 | 1.3080 |
| R4 | 1.3254 | S4 | 1.3055 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3170 | Sell Below : 1.3125 | ||
| – Take Profit : 1.3199 | – Take Profit : 1.3100 | ||
| – Stop Loss : 1.3148 | – Stop Loss : 1.3150 | ||
USD / CAD
| Commentary : The CAD starts a new day on a positive note and remains well supported below 1.2600 mark. Pair made intraday high at 1.2603 and low at 1.2570 mark. Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above 1.2600 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2570 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 | 1.2615 | S1 | 1.2555 |
| R2 | 1.2640 | S2 | 1.2530 |
| R3 | 1.2678 | S3 | 1.2512 |
| R4 | 1.2699 | S4 | 1.2490 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2605 | Sell Below : 1.2565 | ||
| – Take Profit : 1.2632 | – Take Profit : 1.2522 | ||
| – Stop Loss : 1.2582 | – Stop Loss : 1.2590 | ||
USD / JPY
| Commentary : The Japanese yen depreciates sharply in opening hours and touches 120.07 mark, lowest level since Feb 2016. The pair made intraday high at 120.07 and low at 119.43 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 120.05 on H1 chart requires for the upside rally. Alternatively, a consistent close below 119.50 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 | 120.24 | S1 | 119.50 |
| R2 | 120.58 | S2 | 119.12 |
| R3 | 120.86 | S3 | 118.72 |
| R4 | 121.22 | S4 | 118.50 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 120.09 | Sell Below : 119.61 | ||
| – Take Profit : 120.40 | – Take Profit : 119.25 | ||
| – Stop Loss : 119.75 | – Stop Loss : 119.91 | ||
GOLD
| Commentary : Gold moves in stiff boundaries and consolidates around $1,932 mark. Today pair made intraday high at $1,937 and low at $1,929 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. | |||
| 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 | 1916 |
| R3 | 1948 | S3 | 1909 |
| R4 | 1955 | S4 | 1904 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1932 | Sell Below : 1918 | ||
| – Take Profit : 1938 | – Take Profit : 1910 | ||
| – Stop Loss : 1926 | – Stop Loss : 1924 | ||
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