Daily Analysis Report - May 16, 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
16th
May 2022
Daily Analysis
Report

2. INDICATOR H1
Trend Reversing Down Trend
Moving Average (Period=75) At MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1.03930
R1 1.04204 S1 1.03656
R2 1.04362 S2 1.03481
63 1.04636 S3 1.03215
Time Frame: H1
EUR/USD
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Comment:
- EURUSD is at MA & above Pivot Point. RSI is below 50 level mark. Reversing
Down Trend is observed.
- A Flat Channel is observed and price has checked the top of the channel.
- Below 1.03481 (Candle Close) a fresh Sell may be entered.
- Alternative Scenario – Above 1.04245 an intraday up trend may start.
- Watch out levels for intraday trading.

3. INDICATOR H1
Trend Up Trend
Moving Average (Period=75) At MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 1.22267
R1 1.22678 S1 1.21869
R2 1.22924 S2 1.21609
63 1.23322 S3 1.21212
Time Frame: H1
GBP/USD
Comment:
- GBPUSD is at MA & above Pivot Point. RSI above 50 level mark. Up Trend is
observed.
- A Descending Channel has been formed and price has checked the top of
the channel.
- Closing H1 Candle above 1.22924 may take price up.
- Alternative Scenario – Down trend may be observed below 1.21869.
- Watch out levels for intraday trading.
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4. INDICATOR H1
Trend Reversing Down Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1.29451
R1 1.30063 S1 1.28865
R2 1.30427 S2 1.28474
R3 1.31026 S3 1.27875
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Time Frame: H1
USD/CAD
Comment:
- USDCAD is above MA and Pivot Point. RSI is below 50 level mark. Reversing
Down Trend is observed.
- Price is following an Ascending Channel and price has checked bottom of the
Channel and has reversed from there.
- Below 1.28865 a fresh sell is advised.
- Alternative Scenario – Trend reversal may be found above 1.30063.
- 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 128.997
R1 129.443 S1 128.514
R2 129.715 S2 128.229
R3 130.186 S3 127.795
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 & a Symmetrical Triangle and has
checked the bottom of the triangle & moving again in channel.
- For fresh Sell, one can enter the trade Below 128.514 (Candle Close).
- Alternative Scenario – Breaking above 129.591 may take it further Upside.
- 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 0.69108
R1 0.69431 S1 0.68773
R2 0.69654 S2 0.68550
R3 0.69989 S3 0.68227
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Time Frame: H1
AUD/USD
Comment:
- AUDUSD is at 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 0.68550 (H1 Candle close).
- Alternative Scenario – One can wait for it to break 0.69654 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 1813.15
R1 1824.45 S1 1801.53
R2 1831.36 S2 1794.62
R3 1842.67 S3 1783.63
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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 bottom.
- If price breaks 1801.00 a fresh downward movement will be seen.
- Alternative Scenario – A fresh buy is suggested above 1824.00
- Watch out levels for intraday trading.

8. You!
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Info@fxcentro.com
Disclaimer:
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