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SpanishDAILY ANALYSIS REPORT MAY 09 2022
AUD / USD
| Commentary : The Aussie weakens sharply on Monday and hits lowest level since Jan 31, 2022. Today pair made intraday high at $0.7070 and low at $0.7003 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.7050 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7001 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 | 0.7050 | S1 | 0.7001 |
| R2 | 0.7076 | S2 | 0.6982 |
| R3 | 0.7099 | S3 | 0.6965 |
| R4 | 0.7126 | S4 | 0.6930 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7051 | Sell Below : 0.6991 | ||
| – Take Profit : 0.7078 | – Take Profit : 0.6952 | ||
| – Stop Loss : 0.7021 | – Stop Loss : 0.7021 | ||
EUR / USD
| Commentary : The euro trades slightly lower on Monday and remains well supported around $1.0500 mark. The pair made intraday high at $1.0543 and low at $1.0502 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0532 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 | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.0550 | S1 | 1.0485 |
| R2 | 1.0572 | S2 | 1.0450 |
| R3 | 1.0604 | S3 | 1.0422 |
| R4 | 1.0628 | S4 | 1.0400 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0532 | Sell Below : 1.0485 | ||
| – Take Profit : 1.0560 | – Take Profit : 1.0455 | ||
| – Stop Loss : 1.0510 | – Stop Loss : 1.0510 | ||
GBP / USD
| Commentary : The sterling starts a new week on a lower note and stabilizes below $1.2300 mark. Today pair made intraday high at $1.2348 and low at $1.2283 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.2330 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2270 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 | 1.2330 | S1 | 1.2270 |
| R2 | 1.2355 | S2 | 1.2250 |
| R3 | 1.2381 | S3 | 1.2218 |
| R4 | 1.2401 | S4 | 1.2200 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2330 | Sell Below : 1.2270 | ||
| – Take Profit : 1.2372 | – Take Profit : 1.2238 | ||
| – Stop Loss : 1.2298 | – Stop Loss : 1.2298 | ||
USD / CAD
| Commentary : The CAD continues to fall against U.S. dollar and hits lowest level since Dec 20, 2021. Today the pair made intraday high at 1.2947 and low at 1.2902 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.2950 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2912 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 | 1.2950 | S1 | 1.2912 |
| R2 | 1.2972 | S2 | 1.2890 |
| R3 | 1.3005 | S3 | 1.2855 |
| R4 | 1.3030 | S4 | 1.2821 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2961 | Sell Below : 1.2911 | ||
| – Take Profit : 1.3002 | – Take Profit : 1.2875 | ||
| – Stop Loss : 1.2930 | – Stop Loss : 1.2950 | ||
USD / JPY
| Commentary : The Japanese yen depreciates sharply in early Asia after BoJ’s Monetary Policy Meeting Minutes and touches 130.06 mark. The pair made intraday high at 131.06 and low at 130.33 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 131.15 on H1 chart requires for the upside rally. Alternatively, a consistent close below 130.70 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 | 131.15 | S1 | 130.70 |
| R2 | 131.48 | S2 | 130.37 |
| R3 | 131.72 | S3 | 130.12 |
| R4 | 131.96 | S4 | 130.00 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 131.15 | Sell Below : 130.60 | ||
| – Take Profit : 131.51 | – Take Profit : 130.20 | ||
| – Stop Loss : 130.70 | – Stop Loss : 130.99 | ||
GOLD
| Commentary : Gold starts a new week on a lower note and hovers around $1,870 mark. Today pair made intraday high at $1,885 and low at $1,871 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,884 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,868 on H1 chart will test further supports. U.S. Calendar will remain light for the day. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1884 | S1 | 1868 |
| R2 | 1889 | S2 | 1864 |
| R3 | 1894 | S3 | 1857 |
| R4 | 1899 | S4 | 1851 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1878 | Sell Below : 1868 | ||
| – Take Profit : 1885 | – Take Profit : 1861 | ||
| – Stop Loss : 1872 | – Stop Loss : 1872 | ||
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