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SpanishDAILY ANALYSIS REPORT MARCH-29-2021
AUD / USD
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RIS (Period=26) | Below RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | Dynamic | |
| R1 | 0.7650 | S1 | 0.7610 |
| R2 | 0.7682 | S2 | 0.7590 |
| R3 | 0.7713 | S3 | 0.7570 |
| R4 | 0.7753 | S4 | 0.7520 |
| Conclusion | |||
| Buy Above | 0.7650 | ||
| – Take Profit | 0.7682 | ||
| – Stop Loss | 0.7610 | ||
| Sell Below | 0.7590 | ||
| – Take Profit | 0.7570 | ||
| – Stop Loss | 0.7640 | ||
| Commentary:AUD/USD: The Aussie trades almost flat on Monday as some of the major cities in the country facing fresh lockdown. Today triple EMA with day chart confirm bearish trend in long run while H1 chart confirm the uptrend for the time being. A sustained close above $0.7640 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7610 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 | Dynamic | |
| R1 | 1.1805 | S1 | 1.1762 |
| R2 | 1.1834 | S2 | 1.1740 |
| R3 | 1.1862 | S3 | 1.1722 |
| R4 | 1.1890 | S4 | 1.1700 |
| Conclusion | |||
| Buy Above | 1.1805 | ||
| – Take Profit | 1.1834 | ||
| – Stop Loss | 1.1762 | ||
| Sell Below | 1.1762 | ||
| – Take Profit | 1.1740 | ||
| – Stop Loss | 1.1805 | ||
| Commentary: EUR/USD: The euro trades marginally lower on Monday and stabilizes below $1.1800 mark. The pair made intraday high at $1.1793 and low at $1.1775. Today triple EMA on a day and H1 chart signal down trend for the time being. A consistent close above $1.1805 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 | Dynamic | |
| R1 | 1.3793 | S1 | 1.3750 |
| R2 | 1.3843 | S2 | 1.3732 |
| R3 | 1.3865 | S3 | 1.3700 |
| R4 | 1.3880 | S4 | 1.3670 |
| Conclusion | |||
| Buy Above | 1.3800 | ||
| – Take Profit | 1.3828 | ||
| – Stop Loss | 1.3775 | ||
| Sell Below | 1.3750 | ||
| – Take Profit | 1.3732 | ||
| – Stop Loss | 1.3790 | ||
| Commentary:GBP/USD: The pound exhibits range bound movement and remains well supported below $1.38 mark. The pair made intraday high at $1.3796 and low at $1.3765 mark. A day chart and H1 chart with triple EMA confirm up trend for the time being. A sustained close above $1.3793 on H1 chart requires for the upside rally. Alternatively, current downside movement will drag the parity down below $1.3750 mark. | |||
USD / CAD
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RIS (Period=26) | Above RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | Dynamic | |
| R1 | 1.2640 | S1 | 1.2570 |
| R2 | 1.2667 | S2 | 1.2550 |
| R3 | 1.2690 | S3 | 1.2520 |
| R4 | 1.2722 | S4 | 1.2500 |
| Conclusion | |||
| Buy Above | 1.2640 | ||
| – Take Profit | 1.2667 | ||
| – Stop Loss | 1.2600 | ||
| Sell Below | 1.2590 | ||
| – Take Profit | 1.2570 | ||
| – Stop Loss | 1.2610 | ||
| Commentary:USD/CAD: The Canadian dollar weakens sharply on Monday and breaks key resistance at 1.2610 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 1.2640 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2570 will check key supports too. | |||
USD / JPY
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RIS (Period=26) | Below RIS LEVEL 50 | ||
| FIBO Levels | PIVOT | Dynamic | |
| R1 | 109.82 | S1 | 109.32 |
| R2 | 110.22 | S2 | 108.78 |
| R3 | 110.54 | S3 | 108.40 |
| R4 | 110.88 | S4 | 108.00 |
| Conclusion | |||
| Buy Above | 109.82 | ||
| – Take Profit | 110.22 | ||
| – Stop Loss | 109.40 | ||
| Sell Below | 109.40 | ||
| – Take Profit | 109.15 | ||
| – Stop Loss | 109.82 | ||
| Commentary: USD/JPY: The Japanese yen rises on Monday after BOJ released Summary of Opinions. The pair made intraday high at 109.80 and low at 109.44 mark. The triple EMA on a day chart and H1 chart confirm bullish trend for the time being. A sustained close above 109.80 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.32 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 | Dynamic | |
| R1 | 1732 | S1 | 1722 |
| R2 | 1738 | S2 | 1715 |
| R3 | 1742 | S3 | 1708 |
| R4 | 1748 | S4 | 1702 |
| Conclusion | |||
| Buy Above | 1732 | ||
| – Take Profit | 1738 | ||
| – Stop Loss | 1722 | ||
| Sell Below | 1721 | ||
| – Take Profit | 1708 | ||
| – Stop Loss | 1732 | ||
| Commentary: XAU/USD (GOLD): The gold starts a new week on a lower note and hovers around $1,730 mark. Today pair made intraday high at $1,733 and low at $1,726 mark. A day chart and H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1,732 on H1 chart requires for the upside rally. Alternatively, current downside movement will drag the parity down below $1,720 mark. | |||
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