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SpanishDAILY ANALYSIS REPORT MARCH-25-2021
AUD / USD
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RIS (Period=26) | Below RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 0.7630 | S1 | 0.7576 |
| R2 | 0.7682 | S2 | 0.7540 |
| R3 | 0.7713 | S3 | 0.7502 |
| R4 | 0.7753 | S4 | 0.7478 |
| Conclusion | |||
| Buy Above | 0.7630 | ||
| – Take Profit | 0.7650 | ||
| – Stop Loss | 0.7590 | ||
| Sell Below | 0.7576 | ||
| – Take Profit | 0.7550 | ||
| – Stop Loss | 0.7612 | ||
| Commentary: The Aussie trades marginally higher and hovers around $0.7600 mark. The pair fails to find support below $0.7580 mark. Today triple EMA with day and H1 chart confirm the down trend for the time being. A sustained close above $0.7630 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7576 will check further supports. | |||
EUR / USD
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RIS (Period=26) | Below RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 1.1834 | S1 | 1.1802 |
| R2 | 1.1862 | S2 | 1.1777 |
| R3 | 1.1890 | S3 | 1.1750 |
| R4 | 1.1927 | S4 | 1.1722 |
| Conclusion | |||
| Buy Above | 1.1834 | ||
| – Take Profit | 1.1862 | ||
| – Stop Loss | 1.1800 | ||
| Sell Below | 1.1802 | ||
| – Take Profit | 1.1777 | ||
| – Stop Loss | 1.1840 | ||
| Commentary:The euro trades slightly up on Thursday and stabilizes above $1.1800 mark.The pair made intraday high at $1.1827 and low at $1.1804. Today triple EMA on a day and H1 chart signal down trend for the time being. A consistent close above $1.1834 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1810 on H1 will check further supports. Please make a note that today is the first day of EU Economic Summit | |||
GBP / USD
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RIS (Period=26) | Below RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 1.3722 | S1 | 1.3680 |
| R2 | 1.3740 | S2 | 1.3662 |
| R3 | 1.3762 | S3 | 1.3643 |
| R4 | 1.3790 | S4 | 1.3584 |
| Conclusion | |||
| Buy Above | 1.3722 | ||
| – Take Profit | 1.3750 | ||
| – Stop Loss | 1.3690 | ||
| Sell Below | 1.3680 | ||
| – Take Profit | 1.3662 | ||
| – Stop Loss | 1.3722 | ||
| Commentary: The pound trades almost flat on Thursday and hovers around $1.3700 mark. In Short run, triple EMA on H1 chart suggests bearish trend while a day chart is about to give successful crossover for the down trend confirmation. Let’s wait for few hours to check the movement of the parity. The pair made intraday high at $1.3708 and low at $1.3679 mark. A sustained close above $1.3722 on H1 chart requires for the upside rally. On the other hand, consistent close below $1.3680 on H1 will test further supports too. | |||
USD / CAD
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RIS (Period=26) | Above RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 1.2610 | S1 | 1.2550 |
| R2 | 1.2640 | S2 | 1.2520 |
| R3 | 1.2667 | S3 | 1.2500 |
| R4 | 1.2690 | S4 | 1.2476 |
| Conclusion | |||
| Buy Above | 1.2590 | ||
| – Take Profit | 1.2612 | ||
| – Stop Loss | 1.2550 | ||
| Sell Below | 1.2550 | ||
| – Take Profit | 1.2520 | ||
| – Stop Loss | 1.2600 | ||
| Commentary: The Canadian dollar exhibits range bound movement and remains well supported below 1.26 mark. A day chart confirms bearish trend for long run while H1 chart with triple EMA confirms the uptrend for the time being. A sustained close above 1.2610 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2550 will check key supports too. | |||
USD / JPY
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RIS (Period=26) | Above RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 109.28 | S1 | 108.78 |
| R2 | 109.56 | S2 | 108.40 |
| R3 | 109.82 | S3 | 108.00 |
| R4 | 110.22 | S4 | 107.58 |
| Conclusion | |||
| Buy Above | 109.00 | ||
| – Take Profit | 109.28 | ||
| – Stop Loss | 108.70 | ||
| Sell Below | 108.78 | ||
| – Take Profit | 108.40 | ||
| – Stop Loss | 109.00 | ||
| Commentary: The Japanese yen weakens on Thursday and touches 108.99 mark in early Asia. The pair made intraday high at 108.99 and low at 108.70 mark. The triple EMA on a day chart and H1 chart confirm up trend for the time being. A sustained close above 109.00 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.78 on H1 will check key supports. | |||
GOLD
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RIS (Period=26) | Above RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 1742 | S1 | 1732 |
| R2 | 1748 | S2 | 1726 |
| R3 | 1754 | S3 | 1722 |
| R4 | 1762 | S4 | 1715 |
| Conclusion | |||
| Buy Above | 1740 | ||
| – Take Profit | 1748 | ||
| – Stop Loss | 1728 | ||
| Sell Below | 1732 | ||
| – Take Profit | 1722 | ||
| – Stop Loss | 1740 | ||
| Commentary: The gold trades flat on Thursday and remains well supported above $1,730 mark. Today pair made intraday high at $1,739 and low at $1,732 mark. A day chart is bearish in long run while H1 chart confirms up trend for the time being. A sustained close above $1,740 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,732 on H1 will test further supports too. | |||
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