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SpanishDAILY ANALYSIS REPORT MAY 04 2022
AUD / USD
| Commentary : The Aussie trades marginally higher on Wednesday on the back of robust retail sales data and stabilizes above $0.7100 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 $0.7085 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 | 0.7150 | 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 : 0.7151 | Sell Below : 0.7078 | ||
| – Take Profit : 0.7190 | – Take Profit : 0.7037 | ||
| – Stop Loss : 0.7190 | – Stop Loss : 0.7121 | ||
EUR / USD
| Commentary : The trades almost flat on Wednesday ahead of ISM Services PMI data from the Euro Zone and stabilizes around $1.0520 mark. The pair made intraday high at $1.0534 and low at $1.0514 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0540 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 | 1.0540 | S1 | 1.0485 |
| R2 | 1.0555 | S2 | 1.0462 |
| R3 | 1.0572 | S3 | 1.0450 |
| R4 | 1.0612 | S4 | 1.0422 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0540 | Sell Below : 1.0485 | ||
| – Take Profit : 1.0585 | – Take Profit : 1.0450 | ||
| – Stop Loss : 1.0497 | – Stop Loss : 1.0512 | ||
GBP / USD
| Commentary : The Sterling remains almost unchanged in line with the previous close and slips back below $1.2500 mark. Today pair made intraday high at $1.2505 and low at $1.2483 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2515 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2472 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 | 1.2515 | S1 | 1.2472 |
| R2 | 1.2550 | S2 | 1.2450 |
| R3 | 1.2572 | S3 | 1.2426 |
| R4 | 1.2615 | S4 | 1.2400 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2521 | Sell Below : 1.2468 | ||
| – Take Profit : 1.2555 | – Take Profit : 1.2422 | ||
| – Stop Loss : 1.2478 | – Stop Loss : 1.2501 | ||
USD / CAD
| Commentary : The CAD trades marginally higher on Wednesday and stabilizes below 1.2850 mark. Today the pair made intraday high at 1.2840 and low at 1.2815 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2860 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2800 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 | 1.2860 | S1 | 1.2800 |
| R2 | 1.2896 | S2 | 1.2780 |
| R3 | 1.2932 | S3 | 1.2755 |
| R4 | 1.2965 | S4 | 1.2715 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2860 | Sell Below : .2800 | ||
| – Take Profit : 1.2900 | – Take Profit : 1.2768 | ||
| – Stop Loss : 1.2826 | – Stop Loss : 1.2832 | ||
USD / JPY
| Commentary : The Japanese yen trades flat on Wednesday as Japanese banks will be closed in observance of Greenery Day. The pair made intraday high at 130.20 and low at 130.03 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 130.22 on H1 chart requires for the upside rally. Alternatively, a consistent close below 129.86 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 | 130.22 | S1 | 129.86 |
| R2 | 130.54 | S2 | 129.70 |
| R3 | 130.76 | S3 | 129.44 |
| R4 | 131.12 | S4 | 129.18 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 130.30 | Sell Below : 129.90 | ||
| – Take Profit : 130.58 | – Take Profit : 129.55 | ||
| – Stop Loss : 130.05 | – Stop Loss : 130.25 | ||
GOLD
| Commentary : Gold moves in stiff boundaries on Wednesday ahead of U.S. ADP Job data and FOMC Meeting for the Interest Rate decision. In addition, gold will release U.S. Trade balance as well as ISM Services PMI data for the further directions. Today pair made intraday high at $1,869 and low at $1,861 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1,872 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,858 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 | 1872 | S1 | 1858 |
| R2 | 1876 | S2 | 1852 |
| R3 | 1882 | S3 | 1848 |
| R4 | 1889 | S4 | 1842 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1872 | Sell Below : 1858 | ||
| – Take Profit : 1880 | – Take Profit : 1848 | ||
| – Stop Loss : 1865 | – Stop Loss : 1865 | ||
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