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SpanishDAILY ANALYSIS REPORT MARCH 29 2022
AUD / USD
| Commentary: The remains slightly volatile after robust retail sales data and remains well supported below $0.7500 mark. Today pair made an intraday high at $0.7507 and low at $0.7473 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $0.7510 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7470 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 | 0.7510 | S1 | 0.7470 |
| R2 | 0.7530 | S2 | 0.7450 |
| R3 | 0.7555 | S3 | 0.7415 |
| R4 | 0.7578 | S4 | 0.7382 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7510 | Sell Below : 0.7470 | ||
| – Take Profit : 0.7538 | – Take Profit : 0.7441 | ||
| – Stop Loss : 0.7478 | – Stop Loss : 0.7502 | ||
EUR / USD
| Commentary : The euro failed to find support below $1.0950 mark and currently hovers around $1.0990 mark. The pair made intraday high at $1.0997 and low at $1.0968 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0999 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0962 on H1 chart will check further supports. Today German GFK Consumer Climate 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 | 1.0999 | S1 | 1.0962 |
| R2 | 1.1040 | S2 | 1.0938 |
| R3 | 1.1072 | S3 | 1.0912 |
| R4 | 1.1099 | S4 | 1.0900 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1001 | Sell Below : 1.0965 | ||
| – Take Profit : 1.1030 | – Take Profit : 1.0938 | ||
| – Stop Loss : 1.0971 | – Stop Loss : 1.0994 | ||
GBP / USD
| Commentary : The sterling depreciated sharply in previous session and touched $1.3065 mark. Today pair made intraday high at $1.3106 and low at $1.3076 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.3115 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3078 will check further supports. U.K.’s Economic Calendar will remain light for the day. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3115 | S1 | 1.3078 |
| R2 | 1.3140 | S2 | 1.3052 |
| R3 | 1.3156 | S3 | 1.3026 |
| R4 | 1.3182 | S4 | 1.3004 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3115 | Sell Below : 1.3070 | ||
| – Take Profit : 1.3147 | – Take Profit : 1.3038 | ||
| – Stop Loss : 1.3090 | – Stop Loss : 1.3098 | ||
USD / CAD
| Commentary : The CAD remained highly volatile in previous session and currently stabilizes above 1.2500 mark. The pair made intraday high at 1.2530 and low at 1.2512 mark. Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above 1.2542 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2465 on H1 chart will check key supports too. Canada’s economic calendar will remain empty for the day. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2542 | S1 | 1.2465 |
| R2 | 1.2570 | S2 | 1.2430 |
| R3 | 1.2599 | S3 | 1.2412 |
| R4 | 1.2626 | S4 | 1.2400 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2542 | Sell Below : 1.2499 | ||
| – Take Profit : 1.2572 | – Take Profit : 1.2470 | ||
| – Stop Loss : 1.2511 | – Stop Loss : 1.2531 | ||
USD / JPY
| Commentary : The Japanese yen spiked down drastically in previous session and touched 125.10 mark. Today pair trades marginally higher and stabilizes around 123.50 mark. The pair made intraday high at 124.30 and low at 123.24 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 124.15 on H1 chart requires for the upside rally. Alternatively, a consistent close below 122.90 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 | 124.50 | S1 | 122.90 |
| R2 | 124.78 | S2 | 122.62 |
| R3 | 125.12 | S3 | 122.30 |
| R4 | 125.55 | S4 | 122.01 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 124.20 | Sell Below : 122.91 | ||
| – Take Profit : 124.67 | – Take Profit : 122.47 | ||
| – Stop Loss : 123.80 | – Stop Loss : 123.22 | ||
GOLD
| Commentary : Gold falls noticeably against U.S. dollar and currently stabilizes above $1,920 mark. Today pair made intraday high at $1,929 and low at $1,921 mark. A triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being. A sustained close above $1,932 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,918 will check further supports. U.S. HPI and JOLTS Job Openings 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 | 1932 | S1 | 1916 |
| R2 | 1938 | S2 | 1911 |
| R3 | 1942 | S3 | 1906 |
| R4 | 1948 | S4 | 1901 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1932 | Sell Below : 1916 | ||
| – Take Profit : 1938 | – Take Profit : 1910 | ||
| – Stop Loss : 1926 | – Stop Loss : 1923 | ||
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