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SpanishDAILY ANALYSIS REPORT MAY 06 2022
AUD / USD
| Commentary : The Aussie erased all the previous gain and touched $0.7081 in early Asian hours. Today pair made intraday high at $0.7132 and low at $0.7081 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.7130 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7087 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 | 0.7140 | S1 | 0.7081 |
| R2 | 0.7172 | S2 | 0.7055 |
| R3 | 0.7199 | S3 | 0.7021 |
| R4 | 0.7226 | S4 | 0.7001 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7140 | Sell Below : 0.7071 | ||
| – Take Profit : 0.7172 | – Take Profit : 0.7040 | ||
| – Stop Loss : 0.7110 | – Stop Loss : 0.7099 | ||
EUR / USD
| Commentary : The euro trades marginally lower on Friday ahead of German Industrial Production data and stabilizes above $1.0500 mark. The pair made intraday high at $1.0550 and low at $1.0515 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0550 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0500 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 | 1.0550 | S1 | 1.0500 |
| R2 | 1.0572 | S2 | 1.0478 |
| R3 | 1.0604 | S3 | 1.0450 |
| R4 | 1.0628 | S4 | 1.0422 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0552 | Sell Below : 1.0512 | ||
| – Take Profit : 1.0582 | – Take Profit : 1.0481 | ||
| – Stop Loss : 1.0530 | – Stop Loss : 1.0538 | ||
GBP / USD
| Commentary : The sterling spiked down sharply after BoE’s Policy hike decision as expected and currently hovers round $1.2370 mark. Today pair made intraday high at $1.2380 and low at $1.2333 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.2394 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2325 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 | 1.2394 | S1 | 1.2325 |
| R2 | 1.2418 | S2 | 1.2302 |
| R3 | 1.2450 | S3 | 1.2278 |
| R4 | 1.2481 | S4 | 1.2248 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2396 | Sell Below : 1.2331 | ||
| – Take Profit : 1.2430 | – Take Profit : 1.2300 | ||
| – Stop Loss : 1.2368 | – Stop Loss : 1.2357 | ||
USD / CAD
| Commentary : The CAD depreciates on Friday ahead of Canada’s Employment Change data and trading around 1.2840 mark. Today the pair made intraday high at 1.2856 and low at 1.2813 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2860 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2815 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 | 1.2815 |
| R2 | 1.2898 | S2 | 1.2790 |
| R3 | 1.2930 | S3 | 1.2765 |
| R4 | 1.2954 | S4 | 1.2750 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2860 | Sell Below : 1.2820 | ||
| – Take Profit : 1.2895 | – Take Profit : 1.2791 | ||
| – Stop Loss : 1.2838 | – Stop Loss : 1.2850 | ||
USD / JPY
| Commentary : The Japanese yen falls in early Asia despite robust Tokyo Core CPI data and hovers around 130.50 mark. The pair made intraday high at 130.81 and low at 130.09 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 130.76 on H1 chart requires for the upside rally. Alternatively, a consistent close below 130.10 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 | 130.82 | S1 | 130.10 |
| R2 | 131.15 | S2 | 129.82 |
| R3 | 131.40 | S3 | 129.65 |
| R4 | 131.72 | S4 | 129.30 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 130.82 | Sell Below : 130.30 | ||
| – Take Profit : 131.12 | – Take Profit : 130.01 | ||
| – Stop Loss : 130.56 | – Stop Loss : 130.56 | ||
GOLD
| Commentary : Gold remained highly volatile in previous session and currently trading around $1,875 mark ahead of U.S. NFP job data. Today pair made intraday high at $1,878 and low at $1,866 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,882 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,870 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 | 1882 | S1 | 1864 |
| R2 | 1889 | S2 | 1857 |
| R3 | 1894 | S3 | 1852 |
| R4 | 1899 | S4 | 1847 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1881 | Sell Below : 1864 | ||
| – Take Profit : 1888 | – Take Profit : 1857 | ||
| – Stop Loss : 1875 | – Stop Loss : 1870 | ||
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