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SpanishDAILY ANALYSIS REPORT MARCH-26-2021
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 | 0.7570 |
| 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 | 0.7652 | ||
| – Stop Loss | 0.7602 | ||
| Sell Below | 0.7590 | ||
| – Take Profit | 0.7570 | ||
| – Stop Loss | 0.7630 | ||
| Commentary: The Aussie recovers slightly from previous losses on Friday and stabilizes above $0.7600 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 $0.7562 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 | 1.1799 | S1 | 1.1762 |
| R2 | 1.1834 | S2 | 1.1740 |
| R3 | 1.1862 | S3 | 1.1722 |
| R4 | 1.1890 | S4 | 1.1700 |
| Conclusion | |||
| Buy Above | 1.1802 | ||
| – Take Profit | 1.1834 | ||
| – Stop Loss | 1.1760 | ||
| Sell Below | 1.1762 | ||
| – Take Profit | 1.1740 | ||
| – Stop Loss | 1.1800 | ||
| Commentary: The euro depreciated extremely in previous session and touched $1.1763 mark. Today pair trades almost flat and remains well supported below $1.1800 mark. The pair made intraday high at $1.1784 and low at $1.1762. Today triple EMA on a day and H1 chart signal down trend for the time being. A consistent close above $1.1799 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1762 on H1 will check further supports. | |||
GBP / USD
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RIS (Period=26) | Below RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 1.3790 | S1 | 1.3732 |
| R2 | 1.3843 | S2 | 1.3699 |
| R3 | 1.3865 | S3 | 1.3670 |
| R4 | 1.3880 | S4 | 1.3637 |
| Conclusion | |||
| Buy Above | 1.3770 | ||
| – Take Profit | 1.3790 | ||
| – Stop Loss | 1.3740 | ||
| Sell Below | 1.3720 | ||
| – Take Profit | 1.3670 | ||
| – Stop Loss | 1.3765 | ||
| Commentary: The pound trades almost flat on Friday and trading around $1.3750 mark. The pair made intraday high at $1.3764 and low at $1.3725 mark. A day chart is about to give successful crossover, if it happens then a day chart will confirm bearish trend in long run. On the other side, H1 chart with triple EMA confirms bullish trend for the time being. Today’s BOE monetary policy meeting minutes and statement may give further directions to the parity. | |||
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 | 1.2610 | ||
| – Take Profit | 1.2640 | ||
| – Stop Loss | 1.2580 | ||
| Sell Below | 1.2580 | ||
| – Take Profit | 1.2550 | ||
| – Stop Loss | 1.2610 | ||
| Commentary: The Canadian dollar rises on Friday and slips back 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 | 109.56 | S1 | 108.78 |
| R2 | 109.82 | S2 | 108.40 |
| R3 | 110.22 | S3 | 108.00 |
| R4 | 110.54 | S4 | 107.58 |
| Conclusion | |||
| Buy Above | 109.35 | ||
| – Take Profit | 109.56 | ||
| – Stop Loss | 109.00 | ||
| Sell Below | 109.00 | ||
| – Take Profit | 108.78 | ||
| – Stop Loss | 109.31 | ||
| Commentary: The Japanese yen depreciates sharply after Tokyo CPI, Core CPI data and touches 109.31 mark in early Asia. The pair made intraday high at 109.31 and low at 109.13 mark. The triple EMA on a day chart and H1 chart confirm up trend for the time being. A sustained close above 109.28 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.00 on H1 will check key supports. | |||
GOLD
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RIS (Period=26) | Below RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | ||
| R1 | 1732 | S1 | 1722 |
| R2 | 1738 | S2 | 1715 |
| R3 | 1742 | S3 | 1708 |
| R4 | 1748 | S4 | 1702 |
| Conclusion | |||
| Buy Above | 1732 | ||
| – Take Profit | 1740 | ||
| – Stop Loss | 1720 | ||
| Sell Below | 1720 | ||
| – Take Profit | 1708 | ||
| – Stop Loss | 1732 | ||
| Commentary: The gold remained highly volatile in previous session on the back of favorable U.S. fundamentals, successful vaccine roll out and higher yield prices too. Indeed gold gave extreme volatility but parity still moves in channel pattern only from $1,748 to $1,722 mark. A sustained close of either side on a day chart will only give further direction to the parity. Today pair made intraday high at $1,729 and low at $1,723 mark. A day chart and H1 chart with triple EMA confirm down trend for the time being. | |||
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