Daily Analysis Report - May 04, 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
04th
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 1.05305
R1 1.05628 S1 1.04970
R2 1.05834 S2 1.04765
63 1.06157 S3 1.04441
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.
- A Flat Channel is observed and price is moving within the channel but in
downward direction.
- Below 1.04970 (Candle Close) a fresh sell may be entered.
- Alternative Scenario – Above 1.05834 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 1.25107
R1 1.25482 S1 1.24744
R2 1.25705 S2 1.24522
63 1.26068 S3 1.24135
Time Frame: H1
GBP/USD
Comment:
- GBPUSD is below MA & Pivot Point. RSI below 50 level mark. Down Trend is
observed.
- A Symmetrical Triangle has been formed and price has reversed from the
top of the triangle and trying to check and break the bottom.
- Closing H1 Candle below 1.24522 may take price below.
- Alternative Scenario – Up trend may be observed above 1.25485.
- 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 1.28524
R1 1.28791 S1 1.28266
R2 1.28951 S2 1.28106
R3 1.29209 S3 1.27839
www.fxcentro.com
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 has checked the top of the
Triangle.
- Below 1.28034 a fresh buy is advised.
- Alternative Scenario – Trend reversal may be found above 1.28710.
- 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 130.056
R1 130.266 S1 129.813
R2 130.421 S2 129.680
R3 130.642 S3 129.448
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 is moving within the channel.
- For fresh buy, one can enter the trade above 130.421 (Candle Close).
- Alternative Scenario – Breaking below 129.813 may take it further downside.
- Watch out levels for intraday trading.
www.fxcentro.com

6. INDICATOR H1
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 0.70970
R1 0.71358 S1 0.70573
R2 0.71600 S2 0.70332
R3 0.71988 S3 0.69952
www.fxcentro.com
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 a Symmetrical Triangle and has checked the top of the
channel Yesterday.
A fresh buy is suggested above 0.71358 (H1 Candle close).
- Alternative Scenario – One can wait for it to break 0.70573 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 1865.50
R1 1875.88 S1 1855.11
R2 1882.63 S2 1848.10
R3 1893.42 S3 1837.84
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.
- 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 1876.00
- 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.