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SpanishDAILY ANALYSIS REPORT MAY 25 2022
AUD / USD
| Commentary : The Aussie remains slightly volatile on Wednesday and trading around $0.7100 mark. Today pair made intraday high at $0.7119 and low at $0.7082 mark. A day chart is down and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $0.7115 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7082 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 | 0.7115 | S1 | 0.7072 |
| R2 | 0.7154 | S2 | 0.7040 |
| R3 | 0.7176 | S3 | 0.7012 |
| R4 | 0.7199 | S4 | 0.7001 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7115 | Sell Below : 0.7078 | ||
| – Take Profit : 0.7140 | – Take Profit : 0.7050 | ||
| – Stop Loss : 0.7081 | – Stop Loss : 0.7110 | ||
EUR / USD
| Commentary : The euro trades in narrow range on Wednesday ahead of ECB President Lagarde’s speech and stabilizes above $1.0700 mark. The pair made intraday high at $1.0739 and low at $1.0703 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0732 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0684 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 | 1.0732 | S1 | 1.0684 |
| R2 | 1.0754 | S2 | 1.0650 |
| R3 | 1.0792 | S3 | 1.0622 |
| R4 | 1.0822 | S4 | 1.0600 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0732 | Sell Below : 1.0691 | ||
| – Take Profit : 1.0768 | – Take Profit : 1.0655 | ||
| – Stop Loss : 1.0710 | – Stop Loss : 1.0722 | ||
GBP / USD
| Commentary : The sterling spiked down extremely in previous session after lower than expected Flash PMI data and currently remains well supported below $1.2550 mark. Today pair made intraday high at $1.2543 and low at $1.2513 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2550 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2510 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 | 1.2510 |
| R2 | 1.2576 | S2 | 1.2482 |
| R3 | 1.2596 | S3 | 1.2450 |
| R4 | 1.2622 | S4 | 1.2415 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2550 | Sell Below : 1.2501 | ||
| – Take Profit : 1.2590 | – Take Profit : 1.2465 | ||
| – Stop Loss : 1.2512 | – Stop Loss : 1.2522 | ||
USD / CAD
| Commentary : The CAD rises gradually against U.S. dollar and currently trading above 1.2800 mark. Today the pair made intraday high at 1.2834 and low at 1.2810 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2830 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2800 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 | 1.2800 |
| R2 | 1.2855 | S2 | 1.2765 |
| R3 | 1.2872 | S3 | 1.2750 |
| R4 | 1.2899 | S4 | 1.2722 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2830 | Sell Below : 1.2805 | ||
| – Take Profit : 1.2858 | – Take Profit : 1.2772 | ||
| – Stop Loss : 1.2805 | – Stop Loss : 1.2830 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally lower on Wednesday ahead of BoJ Gov Kuroda’s speech. The pair made intraday high at 127.21 and low at 126.65 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 127.22 on H1 chart requires for the upside rally. Alternatively, a consistent close below 126.70 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 | 127.22 | S1 | 126.70 |
| R2 | 127.54 | S2 | 126.40 |
| R3 | 127.76 | S3 | 126.12 |
| R4 | 127.99 | S4 | 126.00 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 127.30 | Sell Below : 126.80 | ||
| – Take Profit : 127.60 | – Take Profit : 126.55 | ||
| – Stop Loss : 127.02 | – Stop Loss : 127.15 | ||
GOLD
| Commentary : Gold trades slightly lower during early Asia and remains well supported below $1,870 mark. Today pair made intraday high at $1,868 and low at $1,859 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,870 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,858 on H1 chart will test further supports. Later today, U.S. Durable & Core Durable Goods Orders Data will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1870 | S1 | 1858 |
| R2 | 1876 | S2 | 1852 |
| R3 | 1882 | S3 | 1848 |
| R4 | 1889 | S4 | 1842 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1870 | Sell Below : 1858 | ||
| – Take Profit : 1876 | – Take Profit : 1852 | ||
| – Stop Loss : 1864 | – Stop Loss : 1865 | ||
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