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SpanishDAILY ANALYSIS REPORT MAY 24 2022
AUD / USD
| Commentary : The Aussie depreciates on Tuesday as Flash PMI data misses expectations. Today pair made intraday high at $0.7107 and low at $0.7065 mark. A day chart is down and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7099 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7072 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7099 | 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 : 0.7099 | Sell Below : 0.7060 | ||
| – Take Profit : 0.7122 | – Take Profit : 0.7030 | ||
| – Stop Loss : 0.7062 | – Stop Loss : 0.7090 | ||
EUR / USD
| Commentary : The euro spiked up sharply in previous session and touched $1.0697 mark. Today pair trades in narrow range ahead of Flash PMI results from the Euro area. The pair made intraday high at $1.0693 and low at $1.0660 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0693 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0648 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 | 1.0693 | S1 | 1.0648 |
| R2 | 1.0718 | S2 | 1.0622 |
| R3 | 1.0754 | S3 | 1.0600 |
| R4 | 1.0792 | S4 | 1.0578 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0699 | Sell Below : 1.0650 | ||
| – Take Profit : 1.0735 | – Take Profit : 1.0621 | ||
| – Stop Loss : 1.0660 | – Stop Loss : 1.0682 | ||
GBP / USD
| Commentary : The sterling appreciates trades slightly lower on Tuesday and remains well supported below $1.2600 mark. Today air made intraday high at $1.2587 and low at $1.2547 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2587 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2550 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 | 1.2592 | S1 | 1.2540 |
| R2 | 1.2622 | S2 | 1.2512 |
| R3 | 1.2650 | S3 | 1.2482 |
| R4 | 1.2678 | S4 | 1.2450 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2581 | Sell Below : 1.2540 | ||
| – Take Profit : 1.2624 | – Take Profit : 1.2501 | ||
| – Stop Loss : 1.2550 | – Stop Loss : 1.2576 | ||
USD / CAD
| Commentary : The CAD enjoys roller coaster movement and currently stabilizes above 1.2800 mark. Today the pair made intraday high at 1.2813 and low at 1.2763 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 | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2815 | 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 : 1.2815 | Sell Below : 1.2789 | ||
| – Take Profit : 1.2851 | – Take Profit : 1.2762 | ||
| – Stop Loss : 1.2790 | – Stop Loss : 1.2815 | ||
USD / JPY
| Commentary : The Japanese yen exhibits range bound movement and consolidates around 127.70 mark. The pair made intraday high at 128.08 and low at 127.62 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 127.50 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 | 127.50 |
| R2 | 128.50 | S2 | 127.30 |
| R3 | 128.79 | S3 | 127.12 |
| R4 | 129.00 | S4 | 127.01 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 127.96 | Sell Below : 127.40 | ||
| – Take Profit : 128.30 | – Take Profit : 127.10 | ||
| – Stop Loss : 127.70 | – Stop Loss : 127.72 | ||
GOLD
| Commentary : Gold trades in narrow range on Tuesday and remains well supported above $1,850 mark ahead of Flash PMI data. Today pair made intraday high at $1,857 and low at $1,849 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 $1,848 on H1 chart will test further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1858 | S1 | 1848 |
| R2 | 1864 | S2 | 1842 |
| R3 | 1870 | S3 | 1836 |
| R4 | 1876 | S4 | 1832 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1858 | Sell Below : 1848 | ||
| – Take Profit : 1864 | – Take Profit : 1841 | ||
| – Stop Loss : 1852 | – Stop Loss : 1854 | ||
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