Daily Analysis Report - April 11, 2022
We are providing a general idea on how market is moving based on Price Action.
This is not an investment advice; user must have his/her analysis before entering the trade!
2. INDICATOR H1
Trend Reversing Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1.08692
R1 1.08888 S1 1.08466
R2 1.09026 S2 1.08348
R3 1.09242 S3 1.08132
Time Frame: H1
EUR/USD
www.fxcentro.com
Comment:
- EURUSD is above MA & Pivot Point. RSI is below 50 level mark. Reversing Up
Trend is observed.
- Descending Channel is observed and price has checked the top of the
Descending Channel & reversing from there.
- Below 1.08466 (Candle Close) a fresh sell may be entered.
- Alternative Scenario – Above 1.09242 an intraday up trend may start.
- Watch out levels for intraday trading.
3. INDICATOR H1
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1.30322
R1 1.30711 S1 1.29954
R2 1.30963 S2 1.29701
63 1.31332 S3 1.29323
Time Frame: H1
GBP/USD
Comment:
- GBPUSD is below MA & Pivot Point. RSI below 50 level mark. Down Trend is
observed.
- Descending Channel has been formed and price is moving downwards the
bottom of the Channel. Please wait for the breakout.
- Closing H1 Candle below 1.29701 may take price down.
- Alternative Scenario – Up trend may be observed above 1.30711.
- Watch out levels for intraday trading.
www.fxcentro.com
4. INDICATOR H1
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 1.25845
R1 1.26052 S1 1.25647
R2 1.26193 S2 1.25515
R3 1.26391 S3 1.25308
www.fxcentro.com
Time Frame: H1
USD/CAD
Comment:
- USDCAD above MA and Pivot Point. RSI is above 50 level mark. Up Trend is
observed.
- Price is following an Ascending Triangle has been observed and price is
moving upward and has checked the high of the channel.
- Above 1.26270 a fresh buy is advised.
- Alternative Scenario – Trend reversal may be found below 1.25515.
- Watch out levels for intraday trading.
5. INDICATOR H1
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 124.217
R1 124.583 S1 123.808
R2 124.838 S2 123.575
R3 125.225 S3 123.187
Time Frame: H1
USD/JPY
Comment:
- USDJPY is above MA & Pivot Point. RSI is above 50 level. Up Trend is
observed.
- Price is moving in an Ascending Channel and is moving within the channel.
- For fresh buy, one can enter the trade above 125.225 (Candle Close).
- Alternative Scenario – Breaking down 124.337 may take it further downside.
- Watch out levels for intraday trading.
www.fxcentro.com
6. INDICATOR H1
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 0.74594
R1 0.74848 S1 0.74341
R2 0.75006 S2 0.74183
R3 0.75260 S3 0.73929
www.fxcentro.com
Time Frame: H1
AUD/USD
Comment:
- AUDUSD is below MA and Pivot Point. RSI is below 50 level. Down Trend is
observed.
- Price is following a Descending Triangle and has reversed from the bottom
of the Channel.
A fresh sell is suggested below 0.74180 (H1 Candle close).
- Alternative Scenario – One can wait for it to break 0.74711 for uptrend.
- Watch out levels for intraday trading.
7. INDICATOR H1
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 1941.00
R1 1948.88 S1 1933.31
R2 1953.57 S2 1928.00
R3 1964.00 S3 1920.72
www.fxcentro.com
Time Frame: H1
XAU/USD
Comment:
- XAUUSD is priced above MA & Pivot Point. RSI is above 50 level. Up Trend is
observed.
- Ascending Triangle is observed. Price is moving within the triangle.
- If price breaks 1950.50 a fresh upward movement will be seen.
- Alternative Scenario – A fresh sell is suggested below 1937.50 0.
- Watch out levels for intraday trading.
8. You!
www.fxcentro.com
Info@fxcentro.com
Disclaimer:
Please note that even knowledgeable and well-experienced investors can experience large potential
losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the
risks involved when trading Forex and CFDs and accept all the negative consequences associated with
such trading. Please always remember that trading in Forex and CFDs might not be suitable for all
investors. It is desirable investors who would consider trading, to do so only with money that they can
afford to lose. You are also recommended to seek independent financial advice if necessary.