Daily Analysis Report - May 12, 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
12th
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 1.05301
R1 1.05585 S1 1.05018
R2 1.05774 S2 1.04843
63 1.06065 S3 1.04553
Time Frame: H1
EUR/USD
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Comment:
- EURUSD is below MA & Pivot Point. RSI is below 50 level mark. Up Trend is
observed.
- A Descending Channel is observed and price is checking bottom of the
channel.
- Below 1.05018 (Candle Close) a fresh Sell may be entered.
- Alternative Scenario – Above 1.05316 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 1.22954
R1 1.23589 S1 1.22336
R2 1.23967 S2 1.21959
63 1.24585 S3 1.21324
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 is moving within the
channel.
- Closing H1 Candle below 1.21870 may take price down.
- Alternative Scenario – Up trend may be observed above 1.22954.
- 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 1.29827
R1 1.30288 S1 1.29381
R2 1.30565 S2 1.29104
R3 1.31026 S3 1.28643
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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 Channel and price is moving within the
Channel.
- Below 1.30565 a fresh buy is advised.
- Alternative Scenario – Trend reversal may be found below 1.29827.
- 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 130.058
R1 130.610 S1 129.551
R2 130.924 S2 129.236
R3 131.440 S3 128.707
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 a Descending Channel and has checked the bottom of the
channel.
- For fresh Sell, one can enter the trade Below 129.236 (Candle Close).
- Alternative Scenario – Breaking above 130.058 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 0.69719
R1 0.70212 S1 0.69236
R2 0.70498 S2 0.68951
R3 0.70991 S3 0.68458
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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 Channel and is moving within the Channel.
- A fresh sell is suggested below 0.68458 (H1 Candle close).
- Alternative Scenario – One can wait for it to break 0.69610 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 top made
yesterday.
- If price breaks 1842.00 a fresh downward movement will be seen.
- Alternative Scenario – A fresh buy is suggested above 1864.00
- 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.