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SpanishDAILY ANALYSIS REPORT MAY 03 2022
AUD / USD
| Commentary : The Aussie spikes up sharply after RBA’s Cash Rate Decision and touches $0.7147 mark. Today pair made intraday high at $0.7147 and low at $0.7045 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7150 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7090 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7150 | S1 | 0.7085 |
| R2 | 0.7176 | S2 | 0.7050 |
| R3 | 0.7199 | S3 | 0.7021 |
| R4 | 0.7226 | S4 | 0.7001 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7150 | Sell Below : 0.7081 | ||
| – Take Profit : 0.7181 | – Take Profit : 0.7037 | ||
| – Stop Loss : 0.7111 | – Stop Loss : 0.7121 | ||
EUR / USD
| Commentary : The Euro exhibits range bound movement ahead of Eurogroup meetings and stabilizes above $1.0500 mark. The pair made intraday high at $1.0526 and low at $1.0501 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0530 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0485 on H1 chart will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.0430 | S1 | 1.0485 |
| R2 | 1.0555 | S2 | 1.0462 |
| R3 | 1.0572 | S3 | 1.0450 |
| R4 | 1.0600 | S4 | 1.0422 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0540 | Sell Below : 1.0485 | ||
| – Take Profit : 1.0572 | – Take Profit : 1.0450 | ||
| – Stop Loss : 1.0505 | – Stop Loss : 1.0512 | ||
GBP / USD
| Commentary : The Sterling trades marginally higher on Tuesday ahead of U.K.’s Final manufacturing PMI data and stabilizes above $1.2500 mark. Today pair made intraday high at $1.2532 and low at $1.2479 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2550 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2490 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2550 | S1 | 1.2490 |
| R2 | 1.2572 | S2 | 1.2465 |
| R3 | 1.2615 | S3 | 1.2450 |
| R4 | 1.2650 | S4 | 2427 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2551 | Sell Below : 1.2490 | ||
| – Take Profit : 1.2582 | – Take Profit : 1.2450 | ||
| – Stop Loss : 1.2511 | – Stop Loss : 1.2525 | ||
USD / CAD
| Commentary : The CAD starts a new day on a positive note and hovers around 1.2850 mark. Today the pair made intraday high at 1.2881 and low at 1.2838 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 1.2830 on H1 chart will check key supports too. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2875 | S1 | 1.2830 |
| R2 | 1.2904 | S2 | 1.2805 |
| R3 | 1.2932 | S3 | 1.2780 |
| R4 | 1.2965 | S4 | 1.2755 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2872 | Sell Below : 1.2832 | ||
| – Take Profit : 1.2906 | – Take Profit : 1.2801 | ||
| – Stop Loss : 1.2840 | – Stop Loss : 1.2872 | ||
USD / JPY
| Commentary : The Japanese yen trades in narrow range as Japanese banks will be closed in observance of Constitution Day. The pair made intraday high at 130.21 and low at 129.85 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 130.22 on H1 chart requires for the upside rally. Alternatively, a consistent close below 129.70 on H1 chart will check further key supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 130.22 | S1 | 129.70 |
| R2 | 130.54 | S2 | 129.44 |
| R3 | 130.76 | S3 | 129.18 |
| R4 | 131.12 | S4 | 129.01 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 130.30 | Sell Below : 129.76 | ||
| – Take Profit : 130.58 | – Take Profit : 129.40 | ||
| – Stop Loss : 130.02 | – Stop Loss : 130.00 | ||
GOLD
| Commentary : Gold trades in rigid boundaries on Tuesday and consolidates around $1,862 mark ahead of U.S. Factory orders data. Today pair made intraday high at $1,867 and low at $1,859 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,876 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,854 on H1 chart will test further supports. Later today U.S. Factory orders 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 | 1872 | S1 | 1854 |
| R2 | 1872 | S2 | 1848 |
| R3 | 1882 | S3 | 1842 |
| R4 | 1889 | S4 | 1837 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1871 | Sell Below : 1856 | ||
| – Take Profit : 1878 | – Take Profit : 1849 | ||
| – Stop Loss : 1865 | – Stop Loss : 1864 | ||
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