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SpanishDAILY ANALYSIS REPORTDECEMBER 01 2021
AUD / USD
| Commentary : The Aussie strengthens after higher than expected GDP data and hovers around $0.7150 mark. Today pair made intraday high at $0.7161 and low at $0.7118 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7172 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7112 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 | 0.7172 | S1 | 0.7112 |
| R2 | 0.7199 | S2 | 0.7089 |
| R3 | 0.7221 | S3 | 0.7062 |
| R4 | 0.7250 | S4 | 0.7032 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7172 | Sell Below : 0.7114 | ||
| – Take Profit : 0.7200 | – Take Profit : 0.7082 | ||
| – Stop Loss : 0.7146 | – Stop Loss : 0.7138 | ||
EUR / USD
| Commentary : The Euro remained highly volatile in previous session and today recovers slightly from previous losses. Today pair made intraday high at $1.1342 and low at $1.1316. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.1347 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1310 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 | 1.1347 | S1 | 1.1310 |
| R2 | 1.1376 | S2 | 1.1278 |
| R3 | 1.1399 | S3 | 1.1248 |
| R4 | 1.1432 | S4 | 1.1221 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1350 | Sell Below : 1.1310 | ||
| – Take Profit : 1.1378 | – Take Profit : 1.1274 | ||
| – Stop Loss : 1.1322 | – Stop Loss : 1.1342 | ||
GBP / USD
| Commentary : The sterling spiked down sharply in late U.S. session and touched $1.3194 mark but failed to find support below $1.3200 mark. Today pair made intraday high at $1.3315 and low at $1.3288 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.3326 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3284 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 | 1.3326 | S1 | 1.3284 |
| R2 | 1.3354 | S2 | 1.3265 |
| R3 | 1.3378 | S3 | 1.3238 |
| R4 | 1.3415 | S4 | 1.3209 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3326 | Sell Below : 1.3286 | ||
| – Take Profit : 1.3360 | – Take Profit : 1.3261 | ||
| – Stop Loss : 1.3299 | – Stop Loss : 1.3310 | ||
USD / CAD
| Commentary : The CAD enjoys roller coaster movement and consolidates around 1.2700 mark. The pair made intraday high at 1.2785 and low at 1.2736 mark. Today a day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2782 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2725 on H1 chart will check key supports too. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2782 | S1 | 1.2725 |
| R2 | 1.2799 | S2 | 1.2690 |
| R3 | 1.2816 | S3 | 1.2668 |
| R4 | 1.2840 | S4 | 1.2637 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2750 | Sell Below : 1.2711 | ||
| – Take Profit : 1.2784 | – Take Profit : 1.2672 | ||
| – Stop Loss : 1.2724 | – Stop Loss : 1.2742 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally lower on Wednesday after flat to negative key economic results from Japan and stabilizes around 113.50 mark. The pair made intraday high at 113.55 and low at 113.04 mark. The triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being. A sustained close above 113.55 on H1 chart requires for the upside rally. Alternatively, a consistent close below 113.00 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 | 113.78 | S1 | 113.00 |
| R2 | 113.92 | S2 | 112.78 |
| R3 | 114.26 | S3 | 112.37 |
| R4 | 114.54 | S4 | 112.15 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 113.55 | Sell Below : 113.02 | ||
| – Take Profit : 113.82 | – Take Profit : 112.72 | ||
| – Stop Loss : 113.20 | – Stop Loss : 113.28 | ||
GOLD
| Commentary : Gold depreciated sharply after hawkish Testimony by Fed Chair Powell and Treasury Sec Yellen. Today pair made intraday high at $1,780 and low at $1,772 mark. A day chart and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1,784 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,771 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 | 1784 | S1 | 1771 |
| R2 | 1789 | S2 | 1764 |
| R3 | 1794 | S3 | 1758 |
| R4 | 1801 | S4 | 1752 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1784 | Sell Below : 1770 | ||
| – Take Profit : 1791 | – Take Profit : 1763 | ||
| – Stop Loss : 1778 | – Stop Loss : 1776 | ||
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