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SpanishDAILY ANALYSIS REPORT MARCH 23 2022
AUD / USD
| Commentary : The Aussie enjoys roller coaster movement and trading around $0.7450 mark. Today pair made intraday high at $0.7470 and low at $0.7455 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7476 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7430 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 | 0.7476 | S1 | 0.7430 |
| R2 | 0.7505 | S2 | 0.7401 |
| R3 | 0.7530 | S3 | 0.7378 |
| R4 | 0.7555 | S4 | 0.7350 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7478 | Sell Below : 0.7430 | ||
| – Take Profit : 0.7512 | – Take Profit : 0.7401 | ||
| – Stop Loss : 0.7450 | – Stop Loss : 0.7462 | ||
EUR / USD
| Commentary : The euro trades flat on Wednesday and remains well supported above $1.1000 mark. The pair made intraday high at $1.1043 and low at $1.1020 mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.1050 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1001 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 | 1.1050 | S1 | 1.1001 |
| R2 | 1.1076 | S2 | 1.0980 |
| R3 | 1.1099 | S3 | 1.0958 |
| R4 | 1.1126 | S4 | 1.0924 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1050 | Sell Below : 1.1012 | ||
| – Take Profit : 1.1082 | – Take Profit : 1.0981 | ||
| – Stop Loss : 1.1020 | – Stop Loss : 1.1041 | ||
GBP / USD
| Commentary : The sterling strengthened sharply in previous session and touches $1.3298 mark in opening hours. Today pair made intraday high at $1.3298 and low at $1.3249 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.3299 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3240 will check further supports. U.K.’s CPI data will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3299 | S1 | 1.3240 |
| R2 | 1.3326 | S2 | 1.3204 |
| R3 | 1.3354 | S3 | 1.3180 |
| R4 | 1.3388 | S4 | 1.3165 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3300 | Sell Below : 1.3258 | ||
| – Take Profit : 1.3332 | – Take Profit : 1.3227 | ||
| – Stop Loss : 1.3271 | – Stop Loss : 1.3287 | ||
USD / CAD
| Commentary : The CAD trades marginally lower on Wednesday and remains well supported above 1.2565 mark. Pair made intraday high at 1.2586 and low at 1.2563 mark. Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above 1.2590 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2565 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 | 1.2590 | S1 | 1.2565 |
| R2 | 1.2615 | S2 | 1.2530 |
| R3 | 1.2640 | S3 | 1.2512 |
| R4 | 1.2678 | S4 | 1.2490 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2591 | Sell Below : 1.2565 | ||
| – Take Profit : 1.2622 | – Take Profit : 1.2522 | ||
| – Stop Loss : 1.2566 | – Stop Loss : 1.2590 | ||
USD / JPY
| Commentary : The Japanese yen spikes down sharply on Wednesday and touches 121.41 mark in opening hours. The pair made intraday high at 121.41 and low at 120.75 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 121.40 on H1 chart requires for the upside rally. Alternatively, a consistent close below 120.70 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 | 121.40 | S1 | 120.70 |
| R2 | 121.78 | S2 | 120.55 |
| R3 | 122.00 | S3 | 120.30 |
| R4 | 122.18 | S4 | 120.01 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 121.23 | Sell Below : 120.71 | ||
| – Take Profit : 121.56 | – Take Profit : 120.20 | ||
| – Stop Loss : 120.99 | – Stop Loss : 121.01 | ||
GOLD
| Commentary : Gold moves directionless since last 7 days and moves in stiff boundaries from $1,950 to $1,909 mark. Today pair made intraday high at $1,924 and low at $1,915 mark. A triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above $1,924 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,915 will check further supports. Traders eye Fed Chair Powell’s speech 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 | 1924 | S1 | 1915 |
| R2 | 1932 | S2 | 1909 |
| R3 | 1938 | S3 | 1904 |
| R4 | 1942 | S4 | 1898 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1926 | Sell Below : 1915 | ||
| – Take Profit : 1932 | – Take Profit : 1908 | ||
| – Stop Loss : 1921 | – Stop Loss : 1921 | ||
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