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SpanishDAILY ANALYSIS REPORT MAY 31 2022
AUD / USD
| Commentary : The Aussie trades marginally lower on Tuesday after Current account and building approvals results. Today pair made intraday high at $0.7203 and low at $0.7162 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7202 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7170 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 | 0.7202 | S1 | 0.7170 |
| R2 | 0.7222 | S2 | 0.7150 |
| R3 | 0.7250 | S3 | 0.7121 |
| R4 | 0.7278 | S4 | 0.7102 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7205 | Sell Below : 0.7162 | ||
| – Take Profit : 0.7240 | – Take Profit : 0.7131 | ||
| – Stop Loss : 0.7181 | – Stop Loss : 0.7190 | ||
EUR / USD
| Commentary : The euro weakens on Tuesday ahead of Euro Zone’s Flash CPI estimates and hovers around $1.0750 mark. The pair made intraday high at $1.0779 and low at $1.0734 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.0772 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0730 on H1 chart 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 | 1.0790 | S1 | 1.0730 |
| R2 | 1.0826 | S2 | 1.0702 |
| R3 | 1.0848 | S3 | 1.0682 |
| R4 | 1.0872 | S4 | 1.0650 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0772 | Sell Below : 1.0720 | ||
| – Take Profit : 1.0801 | – Take Profit : 1.0685 | ||
| – Stop Loss : 1.0801 | – Stop Loss : 1.0755 | ||
GBP / USD
| Commentary : The sterling starts a new day on a lower note and remains well supported below $1.2650 mark. Today pair made intraday high at $1.2654 and low at $1.2597 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 $1.2600 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 | 1.2650 | S1 | 1.2600 |
| R2 | 1.2678 | S2 | 1.2582 |
| R3 | 1.2699 | S3 | 1.2550 |
| R4 | 1.2730 | S4 | 1.2521 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.2650 | Sell Below : 1.2601 | ||
| – Take Profit : 1.2680 | – Take Profit : 1.2570 | ||
| – Stop Loss : 1.2622 | – Stop Loss : 1.262 | ||
USD / CAD
| Commentary : The CAD depreciates on Tuesday ahead of GDP data and stabilizes above 1.2650. Today the pair made intraday high at 1.2684 and low at 1.2652 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2690 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2650 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 | 1.2690 | S1 | 1.2650 |
| R2 | 1.2722 | S2 | 1.2630 |
| R3 | 1.2754 | S3 | 1.2615 |
| R4 | 1.2782 | S4 | 1.2600 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2690 | Sell Below : 1.2650 | ||
| – Take Profit : 1.2721 | – Take Profit : 1.2621 | ||
| – Stop Loss : 1.2660 | – Stop Loss : 1.2678 | ||
USD / JPY
| Commentary : The Japanese yen depreciates on Tuesday after mixed economic results and stabilizes above 128.00 mark. The pair made intraday high at 128.34 and low at 127.50 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 128.21 on H1 chart requires for the upside rally. Alternatively, a consistent close below 127.78 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 | 128.37 | S1 | 127.78 |
| R2 | 128.56 | S2 | 127.30 |
| R3 | 128.89 | S3 | 127.05 |
| R4 | 129.12 | S4 | 126.80 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 128.22 | Sell Below : 127.80 | ||
| – Take Profit : 128.52 | – Take Profit : 127.50 | ||
| – Stop Loss : 127.9 | – Stop Loss : 128.15 | ||
GOLD
| Commentary : Gold enjoys roller coaster movement and consolidates around $1,852 mark. The pair made intraday high at $1,857 and low at $1,846 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,856 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,846 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 | 1856 | S1 | 1846 |
| R2 | 1862 | S2 | 1842 |
| R3 | 1868 | S3 | 1836 |
| R4 | 1874 | S4 | 1832 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1856 | Sell Below : 1846 | ||
| – Take Profit : 1862 | – Take Profit : 1841 | ||
| – Stop Loss : 1851 | – Stop Loss : 1852 | ||
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