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SpanishDAILY ANALYSIS REPORT MARCH 31 2022
AUD / USD
| Commentary : The Aussie weakens in opening hours despite robust Building Approvals data and hovers around key support at $0.7490 mark. Today pair made intraday high at $0.7525 and low at $0.7483 mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $0.7512 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7474 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 | 0.7512 | S1 | 0.7470 |
| R2 | 0.7530 | S2 | 0.7456 |
| R3 | 0.7555 | S3 | 0.7430 |
| R4 | 0.7578 | S4 | 0.7405 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7526 | Sell Below : 0.7472 | ||
| – Take Profit : 0.7555 | – Take Profit : 0.7440 | ||
| – Stop Loss : 0.7501 | – Stop Loss : 0.7498 | ||
EUR / USD
| Commentary : The euro continues to strengthen against U.S. dollar and touches $1.1184 mark in opening hours. The pair made intraday high at $1.1184 and low at $1.1156 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.1180 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1148 on H1 chart will check further supports. European Economic Calendar will remain busy for the day, which will provide further directions to the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.1191 | S1 | 1.1148 |
| R2 | 1.1222 | S2 | 1.1112 |
| R3 | 1.1250 | S3 | 1.1080 |
| R4 | 1.1276 | S4 | 1.1055 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1190 | Sell Below : 1.1148 | ||
| – Take Profit : 1.1226 | – Take Profit : 1.1115 | ||
| – Stop Loss : 1.1160 | – Stop Loss : 1.1178 | ||
GBP / USD
| Commentary :The sterling starts a new day on a lower note ahead of Final GDP and Current Account data. Today pair made intraday high at $1.3144 and low at $1.3114 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.3141 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3102 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 | 1.3141 | S1 | 1.3102 |
| R2 | 1.3165 | S2 | 1.3078 |
| R3 | 1.3190 | S3 | 1.3052 |
| R4 | 1.3224 | S4 | 1.3026 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3142 | Sell Below : 1.3101 | ||
| – Take Profit : 1.3172 | – Take Profit : 1.3072 | ||
| – Stop Loss : 1.3120 | – Stop Loss : 1.3124 | ||
USD / CAD
| Commentary : The CAD erases previous gain on Thursday and jumps back above 1.2500 mark. The pair made intraday high at 1.2518 and low at 1.2476 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2530 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2490 on H1 chart will check key supports too. Canada’s GDP 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 | 1.2530 | S1 | 1.2490 |
| R2 | 1.2555 | S2 | 1.2465 |
| R3 | 1.2572 | S3 | 1.2430 |
| R4 | 1.2599 | S4 | 1.2412 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2530 | Sell Below : 1.2490 | ||
| – Take Profit : 1.2560 | – Take Profit : 1.2460 | ||
| – Stop Loss : 1.2504 | – Stop Loss : 1.2515 | ||
USD / JPY
| Commentary : The Japanese yen falls in early Asia as Japan’s Prelim Industrial Production data misses expectations and remains well supported above 122.00 mark. The pair made intraday high at 122.45 and low at 121.77 mark. The triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being. A sustained close above 122.48 on H1 chart requires for the upside rally. Alternatively, a consistent close below 121.61 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 | 122.48 | S1 | 121.61 |
| R2 | 122.76 | S2 | 121.40 |
| R3 | 122.92 | S3 | 121.12 |
| R4 | 123.18 | S4 | 121.00 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 122.50 | Sell Below : 121.88 | ||
| – Take Profit : 122.78 | – Take Profit : 121.52 | ||
| – Stop Loss : 122.20 | – Stop Loss : 122.22 | ||
GOLD
| Commentary: Gold enjoys roller coaster movement and stabilizes above $1,920 mark ahead of U.S. Personal Income/spending and Chicago PMI data. Today pair made intraday high at $1,934 and low at $1,923 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above $1,937 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,921 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 | 1938 | S1 | 1921 |
| R2 | 1942 | S2 | 1916 |
| R3 | 1948 | S3 | 1911 |
| R4 | 1955 | S4 | 1906 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1928 | Sell Below : 1916 | ||
| – Take Profit : 1934 | – Take Profit : 1909 | ||
| – Stop Loss : 1922 | – Stop Loss : 1922 | ||
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