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SpanishDAILY ANALYSIS REPORT MAY 16 2022
AUD / USD
| Commentary : The Aussie falls sharply on Monday after lower than expected China’s Economic Results and remains well supported below $0.6900 mark. Today pair made intraday high at $0.6960 and low at $0.6872 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.6950 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6855 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 | 0.6972 | S1 | 0.6850 |
| R2 | 0.6999 | S2 | 0.6818 |
| R3 | 0.7022 | S3 | 0.6796 |
| R4 | 0.7048 | S4 | 0.6765 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.6912 | Sell Below : 0.6858 | ||
| – Take Profit : 0.6948 | – Take Profit : 0.6810 | ||
| – Stop Loss : 0.6880 | – Stop Loss : 0.6895 | ||
EUR / USD
| Commentary : The euro trades flat on Monday ahead of EU’s Economic Forecasts and trade balance data. The pair made intraday high at $1.0417 and low at $1.0398 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0427 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 | 1.0427 | S1 | 1.0370 |
| R2 | 1.0455 | S2 | 1.0355 |
| R3 | 1.0478 | S3 | 1.0321 |
| R4 | 1.0512 | S4 | 1.0301 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0421 | Sell Below : 1.0378 | ||
| – Take Profit : 1.0451 | – Take Profit : 1.0350 | ||
| – Stop Loss : 1.0391 | – Stop Loss : 1.0398 | ||
GBP / USD
| Commentary : The sterling remains slightly volatile on Monday ahead of U.K.’s Monetary Policy Report Hearings data. Today pair made intraday high at $1.2296 and low at $1.2233 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.2270 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2222 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 | 1.2270 | S1 | 1.2222 |
| R2 | 1.2299 | S2 | 1.2201 |
| R3 | 1.2299 | S3 | 1.2178 |
| R4 | 1.2350 | S4 | 1.2152 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2267 | Sell Below : 1.2222 | ||
| – Take Profit : 1.2302 | – Take Profit : 1.2189 | ||
| – Stop Loss : 1.2228 | – Stop Loss : 1.2251 | ||
USD / CAD
| Commentary :The CAD depreciates on Monday ahead of Housing starts and Manufacturing Sales results. Today the pair made intraday high at 1.2981 and low at 1.2894 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2978 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2897 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 | 1.2981 | S1 | 1.2890 |
| R2 | 1.3015 | S2 | 1.2865 |
| R3 | 1.3055 | S3 | 1.2840 |
| R4 | 1.3090 | S4 | 1.2811 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2989 | Sell Below : 1.2940 | ||
| – Take Profit : 1.3022 | – Take Profit : 1.2905 | ||
| – Stop Loss : 1.296 | – Stop Loss : 1.2976 | ||
USD / JPY
| Commentary : The Japanese yen starts a new day on a higher note on robust PPI data and stabilizes below 129.00 mark. The pair made intraday high at 129.64 and low at 128.69 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 129.48 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 | 129.64 | S1 | 128.60 |
| R2 | 129.87 | S2 | 128.24 |
| R3 | 130.24 | S3 | 128.01 |
| R4 | 130.56 | S4 | 127.77 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 129.64 | Sell Below : 128.70 | ||
| – Take Profit : 129.99 | – Take Profit : 128.30 | ||
| – Stop Loss : 129.9 | – Stop Loss : 129.00 | ||
GOLD
| Commentary : Gold starts a new week on a lower note and stabilizes below $1,810 mark. Today pair made intraday high at $1,817 and low at $1,807 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,818 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,801 on H1 chart will test further supports. U.S. Empire State Manufacturing Index 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 | 1818 | S1 | 1801 |
| R2 | 1824 | S2 | 1796 |
| R3 | 1828 | S3 | 1796 |
| R4 | 1832 | S4 | 1786 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1815 | Sell Below : 1804 | ||
| – Take Profit : 1821 | – Take Profit : 1797 | ||
| – Stop Loss : 1808 | – Stop Loss : 1811 | ||
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