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SpanishDAILY ANALYSIS REPORT MARCH 24 2022
AUD / USD
| Commentary : The Aussie trades marginally lower on Thursday after Flash PMI data and remains well supported below $0.7500 mark. Today pair made intraday high at $0.7501 and low at $0.7482 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7505 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7468 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 | 0.7512 | S1 | 0.7450 |
| R2 | 0.7530 | S2 | 0.7421 |
| R3 | 0.7555 | S3 | 0.7400 |
| R4 | 0.7592 | S4 | 0.7376 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7506 | Sell Below : 0.7462 | ||
| – Take Profit : 0.7537 | – Take Profit : 0.7430 | ||
| – Stop Loss : 0.7470 | – Stop Loss : 0.7496 | ||
EUR / USD
| Commentary : The euro weakens sharply against U.S. dollar and slips back below $1.1000 mark. The pair made intraday high at $1.1013 and low at $1.0980 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1016 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0962 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 | 1.1016 | S1 | 1.0962 |
| R2 | 1.1030 | S2 | 1.0940 |
| R3 | 1.1056 | S3 | 1.0915 |
| R4 | 1.1082 | S4 | 1.0900 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1016 | Sell Below : 1.0965 | ||
| – Take Profit : 1.1048 | – Take Profit : 1.0932 | ||
| – Stop Loss : 1.0981 | – Stop Loss : 1.0996 | ||
GBP / USD
| Commentary : The sterling reverses previous gain against U.S. dollar immediately after U.K.’s robust CPI data and currently trading around $1.3200 mark. Today pair made intraday high at $1.3212 and low at $1.3183 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.3222 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3170 will check further supports. U.K.’s Flash PMI 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 | 1.3222 | S1 | 1.3170 |
| R2 | 1.3250 | S2 | 1.3155 |
| R3 | 1.3276 | S3 | 1.3115 |
| R4 | 1.3299 | S4 | 1.3100 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3222 | Sell Below : 1.3171 | ||
| – Take Profit : 1.3250 | – Take Profit : 1.3140 | ||
| – Stop Loss : 1.3195 | – Stop Loss : 1.3199 | ||
USD / CAD
| Commentary : The CAD rises gradually against U.S. dollar and hovers around 1.2570 mark. Pair made intraday high at 1.2579 and low at 1.2555 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 1.2555 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 | 1.2555 |
| 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 : 1.2550 | ||
| – Take Profit : 1.2620 | – Take Profit : 1.2522 | ||
| – Stop Loss : 1.2564 | – Stop Loss : 1.2576 | ||
USD / JPY
| Commentary : The Japanese yen falls gradually against U.S. dollar and remains well supported above 121.00 mark. The pair made intraday high at 121.30 and low at 120.95 mark. The triple EMA on a day chart and H1 chart suggest up 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 : 121.42 | Sell Below : 120.85 | ||
| – Take Profit : 121.72 | – Take Profit : 120.51 | ||
| – Stop Loss : 121.12 | – Stop Loss : 121.20 | ||
GOLD
| Commentary : Gold enjoys roller coaster movement but remains well supported below $1,950 mark. Today pair made intraday high at $1,948 and low at $1,937 mark. A triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above $1,948 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,932 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 | 1948 | S1 | 1932 |
| R2 | 1955 | S2 | 1926 |
| R3 | 1962 | S3 | 1921 |
| R4 | 1968 | S4 | 1915 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1944 | Sell Below : 1934 | ||
| – Take Profit : 1950 | – Take Profit : 1926 | ||
| – Stop Loss : 1938 | – Stop Loss : 1940 | ||
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