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SpanishDAILY ANALYSIS REPORT MAY 02 2022
AUD / USD
| Commentary : The Aussie weakens on Monday despite higher than previous AIG Manufacturing PMI data and hits lowest level since Jan 31, 2022. Today pair made intraday high at $0.7082 and low at $0.7032 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.7072 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7030 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 | 0.7072 | S1 | 0.7026 |
| R2 | 0.7099 | S2 | 0.7001 |
| R3 | 0.7126 | S3 | 0.6976 |
| R4 | 0.7150 | S4 | 0.6948 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7072 | Sell Below : 0.7026 | ||
| – Take Profit : 0.7100 | – Take Profit : 0.7000 | ||
| – Stop Loss : 0.7040 | – Stop Loss : 0.7050 | ||
EUR / USD
| Commentary : The Euro trades marginally lower on Monday ahead of Manufacturing PMI results from the Euro area and hovers around $1.0520 mark. The pair made intraday high at $1.0561 and low at $1.0517 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0555 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0490 on H1 chart 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 | 1.0555 | S1 | 1.0490 |
| R2 | 1.0572 | S2 | 1.0465 |
| R3 | 1.0600 | S3 | 1.0450 |
| R4 | 1.0638 | S4 | 1.0422 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0550 | Sell Below : 1.0490 | ||
| – Take Profit : 1.0580 | – Take Profit : 1.0450 | ||
| – Stop Loss : 1.0511 | – Stop Loss : 1.0522 | ||
GBP / USD
| Commentary : The Sterling trades in narrow range on Monday as U.K. banks will be closed in observance of May Day. Today pair made intraday high at $1.2596 and low at $1.2551 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2572 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2530 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 | 1.2572 | S1 | 1.2530 |
| R2 | 1.2615 | S2 | 1.2505 |
| R3 | 1.2650 | S3 | 1.2480 |
| R4 | 1.2682 | S4 | 1.2455 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2575 | Sell Below : 1.2531 | ||
| – Take Profit : 1.2612 | – Take Profit : 1.2501 | ||
| – Stop Loss : 1.2542 | – Stop Loss : 1.2557 | ||
USD / CAD
| Commentary : The CAD falls gradually against U.S. dollar ahead of Manufacturing PMI data and stabilizes above 1.2850 mark. Today the pair made intraday high at 1.2874 and low at 1.2840 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2875 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2840 on H1 chart will check key supports too. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2875 | S1 | 1.2840 |
| R2 | 1.2904 | S2 | 1.2805 |
| R3 | 1.2932 | S3 | 1.2780 |
| R4 | 1.2965 | S4 | 1.275 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2880 | Sell Below : 1.2840 | ||
| – Take Profit : 1.2910 | – Take Profit : 1.2801 | ||
| – Stop Loss : 1.2851 | – Stop Loss : 1.2872 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally lower on Monday after Flat Final manufacturing PMI data. The pair made intraday high at 130.30 and low at 129.61 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 130.54 on H1 chart requires for the upside rally. Alternatively, a consistent close below 129.90 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 | 130.54 | S1 | 129.90 |
| R2 | 130.76 | S2 | 129.65 |
| R3 | 131.12 | S3 | 129.30 |
| R4 | 131.40 | S4 | 129.01 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 130.54 | Sell Below : 129.90 | ||
| – Take Profit : 130.99 | – Take Profit : 129.51 | ||
| – Stop Loss : 130.15 | – Stop Loss : 130.22 | ||
GOLD
| Commentary : Gold starts a new week on a lower note ahead of U.S. ISM Manufacturing PMI data and stabilizes below $1,890 mark. Today pair made intraday high at $1,900 and low at $1,884 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,899 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,878 on H1 chart will test further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1904 | S1 | 1878 |
| R2 | 1909 | S2 | 1872 |
| R3 | 1914 | S3 | 1867 |
| R4 | 1920 | S4 | 1862 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1894 | Sell Below : 1878 | ||
| – Take Profit : 1901 | – Take Profit : 1871 | ||
| – Stop Loss : 1887 | – Stop Loss : 1885 | ||
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