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SpanishDAILY ANALYSIS REPORT MAY 26 2022
AUD / USD
| Commentary : The Aussie depreciates on Thursday as Private Capital Expenditure Data misses expectations. Today pair made intraday high at $0.7107 and low at $0.7074 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.7115 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7072 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 : 0.7070 | ||
| – Take Profit : 0.7150 | – Take Profit : 0.7038 | ||
| – Stop Loss : 0.7078 | – Stop Loss : 0.7099 | ||
EUR / USD
| Commentary : The euro moves in rigid boundaries as most European banks will be closed in observance of Ascension Day. The pair made intraday high at $1.0706 and low at $1.0672 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0715 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0680 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 | 1.0715 | S1 | 1.0680 |
| R2 | 1.0754 | S2 | 1.0654 |
| R3 | 1.0792 | S3 | 1.0622 |
| R4 | 1.0822 | S4 | 1.0600 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0715 | Sell Below : 1.0671 | ||
| – Take Profit : 1.0750 | – Take Profit : 1.0640 | ||
| – Stop Loss : 1.0682 | – Stop Loss : 1.0698 | ||
GBP / USD
| Commentary : The sterling trades flat on Thursday and hovers around $1.2600 mark. Today pair made intraday high at $1.2612 and low at $1.2563 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2605 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2552 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 | 1.2605 | S1 | 1.2552 |
| R2 | 1.2622 | S2 | 1.2527 |
| R3 | 1.2652 | S3 | 1.2512 |
| R4 | 1.2678 | S4 | 1.2500 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2612 | Sell Below : 1.2570 | ||
| – Take Profit : 1.2650 | – Take Profit : 1.2530 | ||
| – Stop Loss : 1.2578 | – Stop Loss : 1.2599 | ||
USD / CAD
| Commentary : The CAD remains slightly volatile on Thursday ahead of Canada’s Retail sales data. Today the pair made intraday high at 1.2837 and low at 1.2801 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2850 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 | 1.2850 | S1 | 1.2800 |
| R2 | 1.2872 | S2 | 1.2765 |
| R3 | 1.2899 | S3 | 1.2750 |
| R4 | 1.2930 | S4 | 1.2722 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2840 | Sell Below : 1.2800 | ||
| – Take Profit : 1.2875 | – Take Profit : 1.2772 | ||
| – Stop Loss : 1.2810 | – Stop Loss : 1.2830 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally lower on Thursday despite robust SPPI (Services Producer Price Index) data and hovers around 127.50 mark. The pair made intraday high at 127.58 and low at 127.11 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 127.62 on H1 chart requires for the upside rally. Alternatively, a consistent close below 127.15 on H1 chart will check further key supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 127.62 | S1 | 126.90 |
| R2 | 127.99 | S2 | 126.40 |
| R3 | 128.26 | S3 | 126.12 |
| R4 | 128.50 | S4 | 126.00 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 127.65 | Sell Below : 127.15 | ||
| – Take Profit : 127.90 | – Take Profit : 126.85 | ||
| – Stop Loss : 127.30 | – Stop Loss : 127.50 | ||
GOLD
| Commentary : Gold trades almost flat on Thursday and stabilizes around $1,850 mark. Today pair made intraday high at $1,854 and low at $1,848 mark. A day chart and H1 chart with triple EMA suggest bearish 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. Later today, U.S. Prelim GDP q/q and Pending Home Sales data will provide further directions to the parity. | |||
| 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 | 1852 |
| R3 | 1870 | S3 | 1848 |
| R4 | 1876 | S4 | 1842 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1854 | Sell Below : 1846 | ||
| – Take Profit : 1860 | – Take Profit : 1838 | ||
| – Stop Loss : 1848 | – Stop Loss : 1852 | ||
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