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SpanishDAILY ANALYSIS REPORT MAY 23 2022
AUD / USD
| Commentary : The Aussie appreciates on Monday and hits fresh 10 – day high at $0.7095 mark. Today pair made intraday high at $0.7095 and low at $0.7040 mark. A day chart is down and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7102 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7060 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 | 0.7102 | S1 | 0.7060 |
| R2 | 0.7122 | S2 | 0.7022 |
| R3 | 0.7154 | S3 | 0.7001 |
| R4 | 0.7176 | S4 | 0.6978 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7102 | Sell Below : 0.7060 | ||
| – Take Profit : 0.7137 | – Take Profit : 0.7030 | ||
| – Stop Loss : 0.7076 | – Stop Loss : 0.7090 | ||
EUR / USD
| Commentary : The euro trades marginally higher on Monday ahead of German IFO Business Climate data and hovers around $1.0600 mark. The pair made intraday high at $1.0594 and low at $1.0556 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0605 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0565 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 | 1.0612 | S1 | 1.0550 |
| R2 | 1.0648 | S2 | 1.0515 |
| R3 | 1.0672 | S3 | 1.0490 |
| R4 | 1.0699 | S4 | 1.0465 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0608 | Sell Below : 1.0565 | ||
| – Take Profit : 1.0635 | – Take Profit : 1.0532 | ||
| – Stop Loss : 1.0581 | – Stop Loss : 1.0590 | ||
GBP / USD
| Commentary : The sterling starts a new day on a positive note and remains well supported above $1.2500 mark. Today air made intraday high at $1.2549 and low at $1.2473 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2550 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2502 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 | 1.2550 | S1 | 1.2502 |
| R2 | 1.2578 | S2 | 1.2472 |
| R3 | 1.2599 | S3 | 1.2450 |
| R4 | 1.2618 | S4 | 1.2412 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2550 | Sell Below : 1.2502 | ||
| – Take Profit : 1.2580 | – Take Profit : 1.2470 | ||
| – Stop Loss : 1.2522 | – Stop Loss : 1.2532 | ||
USD / CAD
| Commentary : The CAD appreciates on Monday and stabilizes around 1.2800 mark. Canadian banks will be closed in observance of Victoria Day. Today the pair made intraday high at 1.2842 and low at 1.2791 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2815 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2790 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 | 1.2822 | S1 | 1.2790 |
| 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 : 1.2820 | Sell Below : 1.2789 | ||
| – Take Profit : 1.2860 | – Take Profit : 1.2760 | ||
| – Stop Loss : 1.2780 | – Stop Loss : 1.2820 | ||
USD / JPY
| Commentary : The Japanese yen starts a new day on a positive note and slips back below 128.00 mark. The pair made intraday high at 128.05 and low at 127.15 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 127.95 on H1 chart requires for the upside rally. Alternatively, a consistent close below 127.20 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 | 126.88 |
| R2 | 128.50 | S2 | 126.50 |
| R3 | 128.79 | S3 | 126.22 |
| R4 | 129.00 | S4 | 126.01 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 127.95 | Sell Below : 127.10 | ||
| – Take Profit : 128.30 | – Take Profit : 126.65 | ||
| – Stop Loss : 127.60 | – Stop Loss : 127.40 | ||
GOLD
| Commentary : Gold rises on Monday and jumps back above $1,850 mark. Today pair made intraday high at $1,855 and low at $1,843 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,858 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,842 on H1 chart will test further supports. U.S. calendar will remain light 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 | 1858 | S1 | 1842 |
| R2 | 1864 | S2 | 1836 |
| R3 | 1870 | S3 | 1832 |
| R4 | 1876 | S4 | 1827 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1858 | Sell Below : 1844 | ||
| – Take Profit : 1865 | – Take Profit : 1835 | ||
| – Stop Loss : 1851 | – Stop Loss : 1851 | ||
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