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SpanishDAILY ANALYSIS REPORT MAY 12 2022
AUD / USD
| Commentary : The Aussie falls sharply against U.S. dollar and hits lowest level since July 2020. Today pair made intraday high at $0.6953 and low at $0.6904 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.6955 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6900 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 | 0.6955 | S1 | 0.6900 |
| R2 | 0.6981 | S2 | 0.6876 |
| R3 | 0.7001 | S3 | 0.6850 |
| R4 | 0.7026 | S4 | 0.6818 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.6955 | Sell Below : 0.6898 | ||
| – Take Profit : 0.6990 | – Take Profit : 0.6851 | ||
| – Stop Loss : 0.6920 | – Stop Loss : 0.6930 | ||
EUR / USD
| Commentary : The euro moves in stiff boundaries on Thursday and remains well supported above $1.0500 mark. The pair made intraday high at $1.0529 and low at $1.0507 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 $1.0500 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 | 1.0530 | S1 | 1.0500 |
| R2 | 1.0555 | S2 | 1.0480 |
| R3 | 1.0582 | S3 | 1.0465 |
| R4 | 1.0622 | S4 | 1.0430 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0530 | Sell Below : 1.0510 | ||
| – Take Profit : 1.0555 | – Take Profit : 1.0486 | ||
| – Stop Loss : 1.0510 | – Stop Loss : 1.0532 | ||
GBP / USD
| Commentary : The sterling depreciates on Thursday ahead of U.K. Prelim GDP data and hits lowest level since May 2020. Today pair made intraday high at $1.2252 and low at $1.2210 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.2250 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2190 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 | 1.2250 | S1 | 1.2190 |
| R2 | 1.2278 | S2 | 1.2158 |
| R3 | 1.2301 | S3 | 1.2122 |
| R4 | 1.2330 | S4 | 1.2101 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2250 | Sell Below : 1.2198 | ||
| – Take Profit : 1.2282 | – Take Profit : 1.2160 | ||
| – Stop Loss : 1.2215 | – Stop Loss : 1.2230 | ||
USD / CAD
| Commentary : The CAD starts a new day on a lower note and remains well supported above 1.3000 mark. Today the pair made intraday high at 1.3013 and low at 1.2976 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 1.2981 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 | 1.2981 |
| R2 | 1.3032 | S2 | 1.2955 |
| R3 | 1.3067 | S3 | 1.2920 |
| R4 | 1.3098 | S4 | 1.2901 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.3020 | Sell Below : 1.2976 | ||
| – Take Profit : 1.3050 | – Take Profit : 1.2941 | ||
| – Stop Loss : 1.2989 | – Stop Loss : 1.3002 | ||
USD / JPY
| Commentary : The Japanese yen recovers slightly from previous losses and remains well supported below 130.00 mark. The pair made intraday high at 130.05 and low at 129.50 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 130.00 on H1 chart requires for the upside rally. Alternatively, a consistent close below 129.55 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 | 130.15 | S1 | 129.50 |
| R2 | 130.42 | S2 | 129.28 |
| R3 | 130.76 | S3 | 129.09 |
| R4 | 130.99 | S4 | 128.84 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 130.00 | Sell Below : 129.51 | ||
| – Take Profit : 130.27 | – Take Profit : 129.10 | ||
| – Stop Loss : 129.71 | – Stop Loss : 129.81 | ||
GOLD
| Commentary : Gold remained highly volatile after robust CPI data and hovers around $1,850 mark. Today pair made intraday high at $1,858 and low at $1,850 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,857 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,847 on H1 chart will test further supports. U.S. PPI, Core PPI data will remain in focus for the day. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1857 | S1 | 1847 |
| R2 | 1862 | S2 | 1841 |
| R3 | 1868 | S3 | 1836 |
| R4 | 1874 | S4 | 1831 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1858 | Sell Below : 1847 | ||
| – Take Profit : 1865 | – Take Profit : 1840 | ||
| – Stop Loss : 1851 | – Stop Loss : 1853 | ||
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