Daily Analysis Report - May 03, 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 Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1.05208
R1 1.05514 S1 1.04914
R2 1.05689 S2 1.04728
63 1.05995 S3 1.04422
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 Channel is observed and price is moving within the channel but
in downward direction.
- Below 1.04914 (Candle Close) a fresh sell may be entered.
- Alternative Scenario – Above 1.05421 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 1.25207
R1 1.25678 S1 1.24737
R2 1.25977 S2 1.24449
63 1.26436 S3 1.23968
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 has reversed from the top
of the channel.
- Closing H1 Candle below 1.24737 may take price below.
- Alternative Scenario – Up trend may be observed above 1.25678.
- Watch out levels for intraday trading.
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4. INDICATOR H1
Trend Reversing Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1.28774
R1 1.29045 S1 1.28496
R2 1.29228 S2 1.28328
R3 1.29507 S3 1.28050
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Time Frame: H1
USD/CAD
Comment:
- USDCAD is above MA and below Pivot Point. RSI is below 50 level mark. Down
Trend is observed.
- Price is following a Descending Channel and price has checked the top of the
Channel but range is narrow one.
- Above 1.28774 a fresh buy is advised.
- Alternative Scenario – Trend reversal may be found below 1.28328.
- 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 130.066
R1 130.408 S1 129.737
R2 130.607 S2 129.539
R3 130.935 S3 129.210
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 a Symmetrical Triangle and is ready to break out any side.
- For fresh buy, one can enter the trade above 130.408 (Candle Close).
- Alternative Scenario – Breaking below 129.737 may take it further downside.
- Watch out levels for intraday trading.
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6. INDICATOR H1
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 0.70530
R1 0.70730 S1 0.70335
R2 0.70857 S2 0.70211
R3 0.71061 S3 0.70012
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Time Frame: H1
AUD/USD
Comment:
- AUDUSD is above MA and Pivot Point. RSI is above 50 level. Up Trend is
observed.
- Price is following an Ascending Channel and has checked the top of the
channel.
A fresh buy is suggested above 0.71300 (H1 Candle close).
- Alternative Scenario – One can wait for it to break 0.70853 for downtrend.
- 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 1872.86
R1 1890.51 S1 1855.21
R2 1900.77 S2 1844.13
R3 1918.00 S3 1826.90
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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.
- A Flat Channel is observed. Price is moving within the channel and a very
narrow price range is followed since yesterday.
- If price breaks 1855.00 a fresh downward movement will be seen.
- Alternative Scenario – A fresh buy is suggested above 1873.00
- Watch out levels for intraday trading.
8. You!
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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.
