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SpanishDAILY ANALYSIS REPORT MAY 20 2022
AUD / USD
| Commentary : The Aussie trades marginally lower on Friday and stabilizes around $0.7000 mark. Today pair made intraday high at $0.7050 and low at $0.7002 mark. A day chart is down and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7030 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6990 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 | 0.7030 | S1 | 0.6972 |
| R2 | 0.7055 | S2 | 0.6950 |
| R3 | 0.7076 | S3 | 0.6918 |
| R4 | 0.7099 | S4 | 0.6901 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7030 | Sell Below : 0.7000 | ||
| – Take Profit : 0.7062 | – Take Profit : 0.6955 | ||
| – Stop Loss : 0.7000 | – Stop Loss : 0.7021 | ||
EUR / USD
| Commentary : The euro trades flat on Friday and remains well supported above $1.0550 mark ahead of Euro’s Consumer Confidence data. The pair made intraday high at $1.0587 and low at $1.0554 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0585 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 | 1.0585 | S1 | 1.0550 |
| R2 | 1.0618 | S2 | 1.0515 |
| R3 | 1.0650 | S3 | 1.0490 |
| R4 | 1.0672 | S4 | 1.0465 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0585 | Sell Below : 1.0550 | ||
| – Take Profit : 1.0615 | – Take Profit : 1.0515 | ||
| – Stop Loss : 1.0560 | – Stop Loss : 1.0573 | ||
GBP / USD
| Commentary : The sterling remains slightly volatile ahead of U.K.’s retail Sales data and hovers around $1.2450 mark. Today pair made intraday high at $1.2477 and low at $1.2436 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2472 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2430 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 | 1.2490 | S1 | 1.2430 |
| R2 | 1.2518 | S2 | 1.2401 |
| R3 | 1.2540 | S3 | 1.2378 |
| R4 | 1.2572 | S4 | 1.2340 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2475 | Sell Below : 1.2430 | ||
| – Take Profit : 1.2511 | – Take Profit : 1.2400 | ||
| – Stop Loss : 1.2442 | – Stop Loss : 1.2465 | ||
USD / CAD
| Commentary : The CAD starts a new day on a slightly higher note and remains well supported above 1.2800 mark. Today the pair made intraday high at 1.2834 and low at 1.2807 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2830 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2797 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 | 1.2830 | S1 | 1.2797 |
| R2 | 1.2855 | S2 | 1.2754 |
| R3 | 1.2872 | S3 | 1.2722 |
| R4 | 1.2899 | S4 | 1.2701 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2830 | Sell Below : 1.2789 | ||
| – Take Profit : 1.2862 | – Take Profit : 1.2760 | ||
| – Stop Loss : 1.2804 | – Stop Loss : 1.2820 | ||
USD / JPY
| Commentary : The Japanese yen rises on Friday after robust National Core CPI data and hovers around 127.50 mark. The pair made intraday high at 128.21 and low at 127.59 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 128.11 on H1 chart requires for the upside rally. Alternatively, a consistent close below 127.18 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 | 128.22 | S1 | 127.18 |
| R2 | 128.50 | S2 | 126.88 |
| R3 | 128.79 | S3 | 126.50 |
| R4 | 129.00 | S4 | 126.22 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 128.22 | Sell Below : 127.38 | ||
| – Take Profit : 128.65 | – Take Profit : 127.00 | ||
| – Stop Loss : 127.87 | – Stop Loss : 127.72 | ||
GOLD
| Commentary : Gold trades flat on Friday and hovers around $1,840 mark. Today pair made intraday high at $1,844 and low at $1,836 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,847 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,836 on H1 chart will test further supports. U.S. calendar will remain empty 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 | 1847 | S1 | 1836 |
| R2 | 1854 | S2 | 1830 |
| R3 | 1862 | S3 | 1826 |
| R4 | 1867 | S4 | 1821 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1847 | Sell Below : 1836 | ||
| – Take Profit : 1854 | – Take Profit : 1828 | ||
| – Stop Loss : 1841 | – Stop Loss : 1844 | ||
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