Daily Analysis Report - May 05, 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
05th
May 2022
Daily Analysis
Report

2. INDICATOR H1
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 1.05859
R1 1.06335 S1 1.05384
R2 1.06625 S2 1.05094
63 1.07100 S3 1.04619
Time Frame: H1
EUR/USD
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Comment:
- EURUSD is above MA & Pivot Point. RSI is above 50 level mark. Up Trend is
observed.
- A Widening Ascending Channel is observed and price has checked the top of
the channel.
- Above 1.06625 (Candle Close) a fresh buy may be entered.
- Alternative Scenario – Below 1.05859 an intraday up trend may start.
- Watch out levels for intraday trading.

3. INDICATOR H1
Trend Reversing Up Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 1.25713
R1 1.26425 S1 1.25001
R2 1.26868 S2 1.24558
63 1.27561 S3 1.23826
Time Frame: H1
GBP/USD
Comment:
- GBPUSD is below MA & Pivot Point. RSI Above 50 level mark. Reversing Up
Trend is observed.
- An Ascending Channel has been formed and price has reversed from the top
of the Channel and trying to check the bottom.
- Closing H1 Candle above 1.26425 may take price above.
- Alternative Scenario – Down trend may be observed below 1.25001.
- Watch out levels for intraday trading.
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4. INDICATOR H1
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1.27727
R1 1.28215 S1 1.27240
R2 1.28490 S2 1.26965
R3 1.28947 S3 1.26508
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Time Frame: H1
USD/CAD
Comment:
- USDCAD is below MA and Pivot Point. RSI is below 50 level mark. Down Trend
is observed.
- Price is following a Descending Triangle and price is trying to check the bottom
of the Triangle.
- Below 1.26965 a fresh buy is advised.
- Alternative Scenario – Trend reversal may be found above 1.27910.
- Watch out levels for intraday trading.

5. INDICATOR H1
Trend Reversing Down Trend
Moving Average (Period=75) At MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 129.374
R1 130.045 S1 128.670
R2 130.476 S2 128.255
R3 131.131 S3 127.584
Time Frame: H1
USD/JPY
Comment:
- USDJPY is at MA & above Pivot Point. RSI is below 50 level. Reversing Down
Trend is observed.
- Price is moving in a Descending Channel and is moving within the channel.
- For fresh sell, one can enter the trade below 128.670 (Candle Close).
- Alternative Scenario – Breaking above 130.253 may take it further upside.
- 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 0.72046
R1 0.72754 S1 0.71375
R2 0.73127 S2 0.70747
R3 0.73816 S3 0.70295
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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 Yesterday.
A fresh buy is suggested above 0.73015 (H1 Candle close).
- Alternative Scenario – One can wait for it to break 0.72046 for downtrend.
- 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 1877.27
R1 1888.32 S1 1866.52
R2 1895.20 S2 1860.21
R3 1905.81 S3 1849.32
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Time Frame: H1
XAU/USD
Comment:
- XAUUSD is priced above MA & Pivot Point. RSI is above 50 level. Up Trend is
observed.
- A Descending Channel is observed. Price is trying to break the top of the
channel.
- If price breaks 1905.00 a fresh upward movement will be seen.
- Alternative Scenario – A fresh sell is suggested below 1885.50
- 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
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afford to lose. You are also recommended to seek independent financial advice if necessary.