Daily Analysis Report - May 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!

1. www.fxcentro.com
11th
May 2022
Daily Analysis
Report

2. INDICATOR H1
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) At RSI LEVEL 50
FIBO Levels PIVOT 1.05462
R1 1.05684 S1 1.05228
R2 1.05827 S2 1.05091
63 1.06061 S3 1.04862
Time Frame: H1
EUR/USD
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Comment:
- EURUSD is above MA & below Pivot Point. RSI is at 50 level mark. Reversing
Down Trend is observed.
- A Flat Channel is observed and price is moving within the channel.
- Above 1.05600 (Candle Close) a fresh Buy may be entered.
- Alternative Scenario – Below 1.05228 an intraday down trend may start.
- Watch out levels for intraday trading.

3. INDICATOR H1
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 1.23260
R1 1.23582 S1 1.22950
R2 1.23796 S2 1.22746
63 1.24107 S3 1.22414
Time Frame: H1
GBP/USD
Comment:
- GBPUSD is above MA & Pivot Point. RSI above 50 level mark. Up Trend is
observed.
- A Flat Channel has been formed and price is moving within the channel.
- Closing H1 Candle above 1.23796 may take price up.
- Alternative Scenario – Down trend may be observed below 1.22950.
- Watch out levels for intraday trading.
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4. INDICATOR H1
Trend Reversing Up Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 1.30134
R1 1.30490 S1 1.29789
R2 1.30691 S2 1.29577
R3 1.31037 S3 1.29231
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Time Frame: H1
USD/CAD
Comment:
- USDCAD is below MA and Pivot Point. RSI is above 50 level mark. Reversing
Up Trend is observed.
- Price is following a Flat Channel and price is moving within the Channel.
- Above 1.30490 a fresh buy is advised.
- Alternative Scenario – Trend reversal may be found below 1.29664.
- Watch out levels for intraday trading.

5. INDICATOR H1
Trend Reversing Down Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 130.267
R1 130.554 S1 129.973
R2 130.747 S2 129.779
R3 131.057 S3 129.485
Time Frame: H1
USD/JPY
Comment:
- USDJPY is above MA & Pivot Point. RSI is below 50 level. Reversing Down
Trend is observed.
- Price is moving in a Flat Channel and has checked the bottom of the channel.
- For fresh Sell, one can enter the trade Below 129.779 (Candle Close).
- Alternative Scenario – Breaking above 130.554 may take it further downside.
- Watch out levels for intraday trading.
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6. INDICATOR H1
Trend Reversing Down Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 0.69450
R1 0.69739 S1 0.69161
R2 0.69924 S2 0.68986
R3 0.70213 S3 0.68687
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Time Frame: H1
AUD/USD
Comment:
- AUDUSD is above MA and Pivot Point. RSI is below 50 level. Reversing Down
Trend is observed.
- Price is following a Flat Channel and has checked the bottom of the Channel
and can break the low.
A fresh sell is suggested below 0.69099 (H1 Candle close).
- Alternative Scenario – One can wait for it to break 0.70017 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 1846.24
R1 1857.72 S1 1834.76
R2 1864.78 S2 1827.70
R3 1876.00 S3 1816.23
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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 Descending Channel is observed. Price has reversed from the bottom
made yesterday.
- If price breaks 1827.50 a fresh downward movement will be seen.
- Alternative Scenario – A fresh buy is suggested above 1846.50
- Watch out levels for intraday trading.

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