Daily Analysis Report - May 02, 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!

1. www.fxcentro.com
02nd
May 2022
Daily Analysis
Report

2. INDICATOR H1
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1.05411
R1 1.05820 S1 1.05028
R2 1.06057 S2 1.04790
63 1.06440 S3 1.04408
Time Frame: H1
EUR/USD
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Comment:
- EURUSD is below MA & Pivot Point. RSI is below 50 level mark. Down Trend is
observed.
- A Descending Triangle is observed and price is moving within the channel but
in downward direction.
- Below 1.04790 (Candle Close) a fresh sell may be entered.
- Alternative Scenario – Above 1.05820 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 1.25416
R1 1.26075 S1 1.24775
R2 1.26490 S2 1.24379
63 1.27150 S3 1.23757
Time Frame: H1
GBP/USD
Comment:
- GBPUSD is below MA & Pivot Point. RSI below 50 level mark. Down Trend is
observed.
- Symmetrical Triangle has been formed and price is trying to break the
bottom of triangle.
- Closing H1 Candle below 1.25040 may take price below.
- Alternative Scenario – Up trend may be observed above 1.26075.
- Watch out levels for intraday trading.
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4. INDICATOR H1
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 1.28116
R1 1.28665 S1 1.27579
R2 1.29016 S2 1.27240
R3 1.29542 S3 1.26714
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Time Frame: H1
USD/CAD
Comment:
- USDCAD is above MA and Pivot Point. RSI is above 50 level mark. Up Trend is
observed.
- Price is following a Flat Channel and price has checked the top of the Channel.
- Above 1.29016 a fresh buy is advised.
- Alternative Scenario – Trend reversal may be found below 1.28116.
- 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 130.051
R1 130.665 S1 129.437
R2 131.057 S2 129.045
R3 131.688 S3 128.397
Time Frame: H1
USD/JPY
Comment:
- USDJPY is above MA & above Pivot Point. RSI is above 50 level. Up Trend is
observed.
- Price is moving in an Ascending Channel and has checked the bottom of the
channel and now reversing from there.
- For fresh buy, one can enter the trade above 130.665 (Candle Close).
- Alternative Scenario – Breaking below 129.437 may take it further downside.
- Watch out levels for intraday trading.
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6. INDICATOR H1
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 0.70984
R1 0.71468 S1 0.70523
R2 0.71757 S2 0.70235
R3 0.72218 S3 0.69762
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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 Channel and is trying to check and break the
bottom of the channel.
A fresh sell is suggested below 0.70070 (H1 Candle close).
- Alternative Scenario – One can wait for it to break 0.70984 for uptrend.
- Watch out levels for intraday trading.

7. INDICATOR H1
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1903.26
R1 1913.46 S1 1892.59
R2 1920.11 S2 1886.18
R3 1930.07 S3 1875.74
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Time Frame: H1
XAU/USD
Comment:
- XAUUSD is priced below MA & Pivot Point. RSI is below 50 level. Down Trend
is observed.
- Descending Channel is observed. Price is moving downward and trying to
check the bottom of the channel.
- If price breaks 1880.50 a fresh downward movement will be seen.
- Alternative Scenario – A fresh buy is suggested above 1897.00
- Watch out levels for intraday trading.

8. You!
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Info@fxcentro.com
Disclaimer:
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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.