The document provides daily technical analysis for several currency pairs including EUR/USD, GBP/USD, USD/CAD, USD/JPY, AUD/USD, and XAU/USD on the H1 time frame. For each currency pair, it indicates the trend is down based on indicators such as moving averages and RSI levels. It identifies support and resistance levels and describes price action in the context of chart patterns like descending channels and triangles. Potential trade opportunities are highlighted based on price breaking certain levels, with downside targets given if levels are broken to the downside. Upward breakouts are also mentioned as alternative scenarios to look for potential trend reversals.

1. www.fxcentro.com
19th
January 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 1.13540
R1 1.13937 S1 1.13123
R2 1.14209 S2 1.12880
R3 1.14607 S3 1.12463
Time Frame: H1
EUR/USD
www.fxcentro.com
Comment:
- EURUSD is below MA & Pivot Point. RSI is below 50 level mark. Down Trend
is observed.
- Descending Channel is observed and price has checked the bottom of the
triangle and consolidated there. RSI has reversed from the bottom.
- Below S1 - 1.13123 (Candle Close) a fresh Sell may be entered.
- Alternative Scenario – Above Pivot Point - 1.13540 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 1.36098
R1 1.36435 S1 1.35760
R2 1.36646 S2 1.35542
R3 1.36984 S3 1.35225
Time Frame: H1
GBP/USD
Comment:
- GBPUSD is below MA & Pivot Point. RSI below 50 level mark. Down Trend is
observed.
- Major Ascending Channel & Minor Descending Channel has been formed and
price has reversed from the top of the Descending channel and reaching the
top.
- Closing H1 Candle below S1 - 1.35760 may take price up to 1.35225.
- Alternative Scenario – Up trend may be observed above 1.3620.
- Watch out levels for intraday trading.
www.fxcentro.com

4. INDICATOR H1
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1.25221
R1 1.25495 S1 1.24917
R2 1.25681 S2 1.24720
R3 1.26000 S3 1.24426
www.fxcentro.com
Time Frame: H1
USD/CAD
Comment:
- USDCAD below MA and Pivot Point. RSI is below 50 level mark. Down Trend
is observed.
- Price is following the Descending Channel reversed from the top. Below -
1.24810 a fresh buy is advised.
- Alternative Scenario – Trend reversal may be found above 1.25289.
- Watch out levels for intraday trading.

5. INDICATOR H1
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 114.696
R1 114.939 S1 114.468
R2 115.071 S2 114.340
R3 115.321 S3 114.086
Time Frame: H1
USD/JPY
Comment:
- USDJPY is below MA & Pivot Point. RSI is below 50 level. Down Trend is
observed.
- Price is moving in Descending Channel and is trying to check the bottom of
the Channel.
- For fresh sell, one can enter the trade below – 114.123 (Candle Close).
- Alternative Scenario – Breaking above Pivot Point - 114.696 may take it
further down to check supports.
- 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 0.71948
R1 0.72155 S1 0.71715
R2 0.72300 S2 0.71583
R3 0.72520 S3 0.71357
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 Descending Triangle and has reversed from the bottom of
the triangle.
A fresh sell is suggested below S1 - 0.71715 (If H1 Candle close below it).
- Alternative Scenario – One can wait for it to break 0.72073. Above that
intraday Up trend may start.
- 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 1813.68
R1 1820.20 S1 1807.15
R2 1824.30 S2 1803.30
R3 1830.70 S3 1796.80
www.fxcentro.com
Time Frame: H1
XAU/USD
Comment:
- XAUUSD is priced below MA & Pivot Point. RSI is below 50 level. Down Trend
is observed.
- Descending Triangle is observed. Price is checking and trying to break the
bottom of the triangle earlier today morning.
- If price breaks 1809.50, a fresh downward movement will be seen.
- Alternative Scenario – A fresh buy suggested above R1 – 1820.20.
- 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.