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SpanishDAILY ANALYSIS REPORT MAY 10 2022
AUD / USD
| Commentary : The Aussie depreciates on Tuesday in early Asian hours and touches $0.6910 mark. Today pair made intraday high at $0.6966 and low at $0.6910 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.6970 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6920 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 | 0.6970 | S1 | 0.6920 |
| R2 | 0.6999 | S2 | 0.6901 |
| R3 | 0.7015 | S3 | 06876 |
| R4 | 0.7040 | S4 | 0.6850 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.6978 | Sell Below : 0.6901 | ||
| – Take Profit : 0.7001 | – Take Profit : 0.6870 | ||
| – Stop Loss : 0.6951 | – Stop Loss : 0.6870 | ||
EUR / USD
| Commentary : The euro appreciates on Tuesday and remains well supported around $1.0570 mark ahead of German ZEW Economic Sentiment data. The pair made intraday high at $1.0576 and low at $1.0552 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0590 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0550 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 | 1.0590 | S1 | 1.0550 |
| R2 | 1.0622 | S2 | 1.0518 |
| R3 | 1.0640 | S3 | 1.0490 |
| R4 | 1.0676 | S4 | 1.0465 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0590 | Sell Below : 1.0550 | ||
| – Take Profit : 1.0622 | – Take Profit : 1.0520 | ||
| – Stop Loss : 1.0562 | – Stop Loss : 1.0580 | ||
GBP / USD
| Commentary : The sterling trades marginally higher on Tuesday and stabilizes above $1.2350 mark. Today pair made intraday high at $1.2371 and low at $1.2317 mark. A day chart is down and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $1.2389 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2330 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 | 1.2389 | S1 | 1.2330 |
| R2 | 1.2415 | S2 | 1.2304 |
| R3 | 1.2437 | S3 | 1.2289 |
| R4 | 1.2462 | S4 | 1.2262 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2389 | Sell Below : 1.2330 | ||
| – Take Profit : 1.2430 | – Take Profit : 1.2290 | ||
| – Stop Loss : 1.2361 | – Stop Loss : 1.2355 | ||
USD / CAD
| Commentary : The CAD depreciates noticeably against U.S. dollar and hits lowest level since Nov 02, 2020. Today the pair made intraday high at 1.3036 and low at 1.2990 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.3015 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2987 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 | 1.3015 | S1 | 1.3090 |
| R2 | 1.3038 | S2 | 1.2955 |
| R3 | 1.3062 | S3 | 1.2920 |
| R4 | 1.3090 | S4 | 1.2901 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.3025 | Sell Below : 1.2981 | ||
| – Take Profit : 1.3060 | – Take Profit : 1.2951 | ||
| – Stop Loss : 1.3002 | – Stop Loss : 1.3010 | ||
USD / JPY
| Commentary : The Japanese yen enjoys roller coaster movement and remains well supported above 130.00 mark. The pair made intraday high at 130.57 and low at 129.79 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 130.53 on H1 chart requires for the upside rally. Alternatively, a consistent close below 130.00 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 | 130.58 | S1 | 130.00 |
| R2 | 130.76 | S2 | 129.78 |
| R3 | 130.99 | S3 | 129.55 |
| R4 | 131.24 | S4 | 129.21 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 130.60 | Sell Below : 130.01 | ||
| – Take Profit : 130.90 | – Take Profit : 129.52 | ||
| – Stop Loss : 130.22 | – Stop Loss : 130.22 | ||
GOLD
| Commentary : Gold recovers slightly from previous losses and remains well supported above $1,850 mark. Today pair made intraday high at $1,865 and low at $1,852 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,867 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,852 on H1 chart will test further supports. U.S. Calendar will remain empty 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 | 1867 | S1 | 1852 |
| R2 | 1872 | S2 | 1847 |
| R3 | 1878 | S3 | 1842 |
| R4 | 1884 | S4 | 1836 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1867 | Sell Below : 1851 | ||
| – Take Profit : 1874 | – Take Profit : 1844 | ||
| – Stop Loss : 1861 | – Stop Loss : 1858 | ||
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