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SpanishDAILY ANALYSIS REPORT MAY 30 2022
AUD / USD
| Commentary : The Aussie appreciates on Monday and remains well supported above $0.7150 mark. Today pair made intraday high at $0.7188 and low at $0.7152 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7180 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7150 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 | 0.7180 | S1 | 0.7150 |
| R2 | 0.7199 | S2 | 0.7121 |
| R3 | 0.7222 | S3 | 0.7102 |
| R4 | 0.7250 | S4 | 0.7078 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7191 | Sell Below : 0.7150 | ||
| – Take Profit : 0.7221 | – Take Profit : 0.7121 | ||
| – Stop Loss : 0.7160 | – Stop Loss : 0.7178 | ||
EUR / USD
| Commentary : The euro trades almost flat on Monday ahead of German CPI data and remains well supported above $1.0700 mark. The pair made intraday high at $1.0755 and low at $1.0725 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0762 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0720 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 | 1.0762 | S1 | 1.0720 |
| R2 | 1.0798 | S2 | 1.0680 |
| R3 | 1.0822 | S3 | 1.0654 |
| R4 | 1.0851 | S4 | 1.0622 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0762 | Sell Below : 1.0720 | ||
| – Take Profit : 1.0796 | – Take Profit : 1.0685 | ||
| – Stop Loss : 1.0732 | – Stop Loss : 1.0755 | ||
GBP / USD
| Commentary : The sterling trades marginally higher on Monday and touches $1.2657 mark in opening hours. Today pair made intraday high at $1.2657 and low at $1.2612 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1.2650 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2621 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 | 1.2650 | S1 | 1.2605 |
| R2 | 1.2678 | S2 | 1.2582 |
| R3 | 1.2699 | S3 | 1.2550 |
| R4 | 1.2730 | S4 | 1.2521 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2672 | Sell Below : 1.2621 | ||
| – Take Profit : 1.2705 | – Take Profit : 1.2591 | ||
| – Stop Loss : 1.2642 | – Stop Loss : 1.2650 | ||
USD / CAD
| Commentary : The CAD strengthens noticeably on Monday ahead of Canada’s Current account data and hovers around 1.2700 mark. Today the pair made intraday high at 1.2728 and low at 1.2700 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2730 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2690 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 | 1.2730 | S1 | 1.2690 |
| R2 | 1.2755 | S2 | 1.2662 |
| R3 | 1.2784 | S3 | 1.2637 |
| R4 | 1.2801 | S4 | 1.2612 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2730 | Sell Below : 1.2689 | ||
| – Take Profit : 1.2757 | – Take Profit : 1.2655 | ||
| – Stop Loss : 1.2705 | – Stop Loss : 1.2720 | ||
USD / JPY
| Commentary : The Japanese yen starts a new week on a flat note and hovers around 127.00 mark. The pair made intraday high at 127.34 and low at 126.86 mark. The triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above 127.27 on H1 chart requires for the upside rally. Alternatively, a consistent close below 126.80 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 | 127.27 | S1 | 126.50 |
| R2 | 127.62 | S2 | 126.12 |
| R3 | 127.78 | S3 | 125.80 |
| R4 | 127.99 | S4 | 125.55 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 127.30 | Sell Below : 126.7 | ||
| – Take Profit : 127.62 | – Take Profit : 126.50 | ||
| – Stop Loss : 127.05 | – Stop Loss : 127.05 | ||
GOLD
| Commentary : Gold spikes up on Monday and touches $1,860 mark. Today pair made intraday high at $1,860 and low at $1,847 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,862 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 | 1862 | S1 | 1848 |
| R2 | 1868 | S2 | 1842 |
| R3 | 1872 | S3 | 1836 |
| R4 | 1878 | S4 | 1832 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1862 | Sell Below : 1848 | ||
| – Take Profit : 1868 | – Take Profit : 1842 | ||
| – Stop Loss : 1855 | – Stop Loss : 1855 | ||
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