Daily Analysis Report - May 09, 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
09th
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 1.05429
R1 1.05861 S1 1.04988
R2 1.06139 S2 1.04710
63 1.06590 S3 1.04268
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 Descending Triangle is observed and price is trying to check the bottom of
the channel.
- Below 1.04780 (Candle Close) a fresh Sell may be entered.
- Alternative Scenario – Above 1.05710 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 1.23295
R1 1.23695 S1 1.22883
R2 1.23942 S2 1.22667
63 1.24353 S3 1.22266
Time Frame: H1
GBP/USD
Comment:
- GBPUSD is below MA & Pivot Point. RSI below 50 level mark. Down Trend is
observed.
- A Descending Triangle has been formed and price is trying to check the
bottom of the triangle.
- Closing H1 Candle below 1.22667 may take price below.
- Alternative Scenario – Up trend may be observed above 1.23295.
- 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 1.28793
R1 1.29150 S1 1.28412
R2 1.29400 S2 1.28151
R3 1.29769 S3 1.27782
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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 an Ascending Triangle and price is trying to check the top of
the triangle.
- Above 1.29600 a fresh buy is advised.
- Alternative Scenario – Trend reversal may be found below 1.28960.
- 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 130.477
R1 130.752 S1 130.211
R2 130.924 S2 130.039
R3 131.190 S3 129.764
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 131.190 (Candle Close).
- Alternative Scenario – Breaking below 130.600 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 0.70889
R1 0.71178 S1 0.70599
R2 0.71352 S2 0.70402
R3 0.71653 S3 0.70113
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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 a Descending Triangle and has checked the bottom of the
triangle and can break the low.
A fresh sell is suggested below 0.69920 (H1 Candle close).
- Alternative Scenario – One can wait for it to break 0.70599 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 1880.51
R1 1890.55 S1 1870.26
R2 1897.00 S2 1864.00
R3 1907.10 S3 1854.00
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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 Symmetrical Triangle is observed. Price is trying to check the bottom of
the triangle.
- If price breaks 1867.00 a fresh downward movement will be seen.
- Alternative Scenario – A fresh buy is suggested above 1880.50
- 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.