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SpanishDAILY ANALYSIS REPORT MAY 13 2022
AUD / USD
| Commentary : The Aussie starts a new day on a positive note and remains well supported above $0.6890 mark. Today pair made intraday high at $0.6891 and low at $0.6853 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.6922 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6850 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 | 0.6922 | S1 | 0.6850 |
| R2 | 0.6957 | S2 | 0.6818 |
| R3 | 0.6981 | S3 | 0.6796 |
| R4 | 0.7001 | S4 | 0.6765 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.6904 | Sell Below : 0.6850 | ||
| – Take Profit : 0.6940 | – Take Profit : 0.6810 | ||
| – Stop Loss : 0.6865 | – Stop Loss : 0.6880 | ||
EUR / USD
| Commentary : The euro fell drastically in previous session and hit lowest level since Jan 2017. The pair made intraday high at $1.0397 and low at $1.0373 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0430 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0370 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 | 1.0430 | S1 | 1.0370 |
| R2 | 1.0462 | S2 | 1.0355 |
| R3 | 1.0484 | S3 | 1.0321 |
| R4 | 1.0512 | S4 | 1.0301 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0415 | Sell Below : 1.0370 | ||
| – Take Profit : 1.0450 | – Take Profit : 1.0338 | ||
| – Stop Loss : 1.0390 | – Stop Loss : 1.0398 | ||
GBP / USD
| Commentary : The sterling depreciated noticeably in previous session on robust U.S. dollar and takes halt on Friday around $1.2190 mark. Today pair made intraday high at $1.2227 and low at $1.2192 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.2230 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2170 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 | 1.2230 | S1 | 1.2170 |
| R2 | 1.2255 | S2 | 1.2140 |
| R3 | 1.2274 | S3 | 1.2121 |
| R4 | 1.2299 | S4 | 1.2101 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2230 | Sell Below : 1.2187 | ||
| – Take Profit : 1.2262 | – Take Profit : 1.2150 | ||
| – Stop Loss : 1.2205 | – Stop Loss : 1.2222 | ||
USD / CAD
| Commentary : The CAD rises on Friday and hovers around 1.3000 mark. Today the pair made intraday high at 1.3048 and low at 1.2994 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.3025 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 | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3025 | S1 | 1.2981 |
| R2 | 1.3055 | S2 | 1.2955 |
| R3 | 1.3072 | S3 | 1.2920 |
| R4 | 1.3098 | S4 | 1.2901 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.3030 | Sell Below : 1.2989 | ||
| – Take Profit : 1.3055 | – Take Profit : 1.2960 | ||
| – Stop Loss : 1.3005 | – Stop Loss : 1.3020 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally lower on Friday and hovers around 129.00 mark. The pair made intraday high at 129.35 and low at 128.24 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 129.30 on H1 chart requires for the upside rally. Alternatively, a consistent close below 128.60 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 | 129.51 | S1 | 128.30 |
| R2 | 129.87 | S2 | 128.04 |
| R3 | 130.24 | S3 | 127.78 |
| R4 | 130.56 | S4 | 127.47 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 129.20 | Sell Below : 128.60 | ||
| – Take Profit : 129.5 | – Take Profit : 128.21 | ||
| – Stop Loss : 128.80 | – Stop Loss : 128.99 | ||
GOLD
| Commentary : Gold spiked down in previous session and hit lowest level since Feb 2022. Today pair made intraday high at $1,827 and low at $1,810 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,832 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,818 on H1 chart will test further supports. U.S. prelim UoM Consumer Sentiment data will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1832 | S1 | 1818 |
| R2 | 1837 | S2 | 1812 |
| R3 | 1842 | S3 | 1806 |
| R4 | 1848 | S4 | 1801 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1832 | Sell Below : 1820 | ||
| – Take Profit : 1832 | – Take Profit : 1812 | ||
| – Stop Loss : 1826 | – Stop Loss : 1826 | ||
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