Daily Analysis Report - May 06, 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
06th
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 1.05580
R1 1.06149 S1 1.05011
R2 1.06507 S2 1.04667
63 1.07076 S3 1.04111
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 Widening Descending Channel is observed and price has checked the
bottom of the channel.
- Below 1.04810 (Candle Close) a fresh Sell may be entered.
- Alternative Scenario – Above 1.05910 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 1.24409
R1 1.25556 S1 1.23262
R2 1.26300 S2 1.22476
63 1.27510 S3 1.21328
Time Frame: H1
GBP/USD
Comment:
- GBPUSD is below MA & Pivot Point. RSI below 50 level mark. Down Trend is
observed.
- A Descending Channel has been formed and price has reversed from the
bottom of the Channel.
- Closing H1 Candle below 1.23240 may take price below.
- Alternative Scenario – U[ trend may be observed above 1.24388.
- Watch out levels for intraday trading.
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4. INDICATOR H1
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 1.28069
R1 1.28645 S1 1.27451
R2 1.29002 S2 1.27095
R3 1.29578 S3 1.26491
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Time Frame: H1
USD/CAD
Comment:
- USDCAD is above MA and Pivot Point. RSI is above 50 level mark. Up Trend is
observed.
- Price is following a Descending wedge and price is trying to check the top of
the wedge.
- Above 1.28800 a fresh buy is advised.
- Alternative Scenario – Trend reversal may be found below 1.27740.
- 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 129.826
R1 130.543 S1 129.143
R2 130.943 S2 128.726
R3 131.626 S3 128.042
Time Frame: H1
USD/JPY
Comment:
- USDJPY is above MA & Pivot Point. RSI is above 50 level. Up Trend is
observed.
- Price is moving in an Ascending Triangle and has checked the top of the
channel.
- For fresh buy, one can enter the trade above 130.945 (Candle Close).
- Alternative Scenario – Breaking below 129.826 may take it further downside.
- Watch out levels for intraday trading.
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6. INDICATOR H1
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 0.71514
R1 0.72246 S1 0.70807
R2 0.72683 S2 0.70357
R3 0.73416 S3 0.69637
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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 an Ascending Channel and has checked the bottom of the
channel Yesterday.
A fresh sell is suggested below 0.70620 (H1 Candle close).
- Alternative Scenario – One can wait for it to break 0.71514 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 1886.37
R1 1900.70 S1 1872.61
R2 1909.40 S2 1863.63
R3 1923.73 S3 1849.30
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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 checked the top of the
channel.
- If price breaks 1863.50 a fresh downward movement will be seen.
- Alternative Scenario – A fresh buy is suggested above 1886.50
- 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
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.