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SpanishDAILY ANALYSIS REPORTDECEMBER 03 2021
AUD / USD
| Commentary : The Aussie weakens sharply after China’s Caixin Services PMI results and hovers around $0.7070 mark. Today pair made intraday high at $0.7094 and low at $0.7065 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.7099 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7070 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 | 0.7099 | S1 | 0.7070 |
| R2 | 0.7121 | S2 | 0.7032 |
| R3 | 0.7140 | S3 | 0.7015 |
| R4 | 0.7162 | S4 | 0.6994 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7099 | Sell Below : 0.7062 | ||
| – Take Profit : 0.7130 | – Take Profit : 0.7023 | ||
| – Stop Loss : 0.7072 | – Stop Loss : 0.7088 | ||
EUR / USD
| Commentary : The Euro moves in rigid boundaries ahead of Services PMI data and trading around $1.13 mark. The pair made intraday high at $1.1307 and low at $1.1290 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1312 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1280 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 | 1.1312 | S1 | 1.1280 |
| R2 | 1.1347 | S2 | 1.1262 |
| R3 | 1.1376 | S3 | 1.1248 |
| R4 | 1.1399 | S4 | 1.1221 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1312 | Sell Below : 1.1282 | ||
| – Take Profit : 1.1338 | – Take Profit : 1.1262 | ||
| – Stop Loss : 1.1290 | – Stop Loss : 1.1307 | ||
GBP / USD
| Commentary : he sterling enjoys roller coaster movement and stabilizes below $1.3300 mark. Today pair made intraday high at $1.3302 and low at $1.3283 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.3299 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3262 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 | 1.3299 | S1 | 1.3262 |
| R2 | 1.3326 | S2 | 1.3238 |
| R3 | 1.3354 | S3 | 1.3209 |
| R4 | 1.3378 | S4 | 1.3184 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3299 | Sell Below : 1.3260 | ||
| – Take Profit : 1.3330 | – Take Profit : 1.3234 | ||
| – Stop Loss : 1.3280 | – Stop Loss : 1.3298 | ||
USD / CAD
| Commentary : The CAD starts a new day on a lower note ahead of Canada’s Employment Change data and remains well supported above 1.2800 mark. The pair made intraday high at 1.2835 and low at 1.2798 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.2830 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2790 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 | 1.2790 |
| R2 | 1.2876 | S2 | 1.2772 |
| R3 | 1.2904 | S3 | 1.2740 |
| R4 | 1.2938 | S4 | 1.2721 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2830 | Sell Below : 1.2800 | ||
| – Take Profit : 1.286 | – Take Profit : 1.2771 | ||
| – Stop Loss : 1.2808 | – Stop Loss : 1.2821 | ||
USD / JPY
| Commentary : The Japanese yen trades flat on Friday and stabilizes above 113.00 mark. The pair made intraday high at 113.22 and low at 112.95 mark. The triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being. A sustained close above 113.27 on H1 chart requires for the upside rally. Alternatively, a consistent close below 112.62 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 | 113.27 | S1 | 112.62 |
| R2 | 113.55 | S2 | 112.37 |
| R3 | 113.78 | S3 | 112.10 |
| R4 | 113.99 | S4 | 111.82 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 113.30 | Sell Below : 112.90 | ||
| – Take Profit : 113.55 | – Take Profit : 112.61 | ||
| – Stop Loss : 113.10 | – Stop Loss : 113.15 | ||
GOLD
| Commentary : Gold enjoys roller coaster movement ahead of most awaited U.S. NFP Job data and hovers around $1,770 mark. Today pair made intraday high at $1,774 and low at $1,767 mark. A day chart and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1,776 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,762 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 | 1776 | S1 | 1762 |
| R2 | 1781 | S2 | 1757 |
| R3 | 1787 | S3 | 1752 |
| R4 | 1794 | S4 | 1747 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1776 | Sell Below : 1767 | ||
| – Take Profit : 1784 | – Take Profit : 1761 | ||
| – Stop Loss : 1771 | – Stop Loss : 1774 | ||
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