Daily Analysis Report - February 04, 2022
- 2. INDICATOR H1 Trend Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT 1.13840 R1 1.14535 S1 1.13146 R2 1.14998 S2 1.12697 R3 1.15707 S3 1.12017 Time Frame: H1 EUR/USD www.fxcentro.com Comment: - EURUSD is above MA & Pivot Point. RSI is above 50 level mark. Up Trend is observed. - Ascending Channel & Ascending Triangle are observed and price is checking the top of the Channel & Triangle. - Above 1.14998 (Candle Close) a fresh Buy may be entered. - Alternative Scenario – Below 1.14101 an intraday down trend may start. - Watch out levels for intraday trading.
- 3. INDICATOR H1 Trend Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT 1.35854 R1 1.36213 S1 1.35523 R2 1.36426 S2 1.35303 R3 1.36757 S3 1.34965 Time Frame: H1 GBP/USD Comment: - GBPUSD is above MA & Pivot Point. RSI above 50 level mark. Up Trend is observed. - Ascending Channel & Ascending Triangle have been formed and price is checking the top of the Ascending channel & Ascending Triangle. - Closing H1 Candle above 1.36213 may take price up. - Alternative Scenario – Down trend may be observed below 1.35840. - 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 1.26835 R1 1.27054 S1 1.26600 R2 1.27176 S2 1.26486 R3 1.27395 S3 1.26251 www.fxcentro.com Time Frame: H1 USD/CAD Comment: - USDCAD below MA and Pivot Point. RSI is below 50 level mark. Down Trend is observed. - Price is following the Major Ascending & Minor Descending Channels and has check the top of Descending and bottom of Ascending Channel. - Below 1.266486 a fresh sell is advised. - Alternative Scenario – Trend reversal may be found above 1.27054. - 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 114.760 R1 115.019 S1 114.519 R2 115.176 S2 114.350 R3 115.429 S3 114.109 Time Frame: H1 USD/JPY Comment: - USDJPY is above MA & Pivot Point. RSI above 50 level. Up Trend is observed. - Price is moving in Major Ascending & Minor Descending Channel and has checked the top and now reversing from there. - For fresh buy, one can enter the trade above R1 – 115.019 (Candle Close). - Alternative Scenario – Breaking Below 114.600 may take it further down to check support. - 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 0.71389 R1 0.71623 S1 0.71468 R2 0.71751 S2 0.71026 R3 0.71964 S3 0.70799 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 Ascending Channel & Resistance and has checked the bottom of the Ascending Channel. A fresh Buy is suggested above 0.71751 (If H1 Candle close below it). - Alternative Scenario – One can wait for it to break S1 - 0.71468. Below that intraday down trend may start. - Watch out levels for intraday trading.
- 7. INDICATOR H1 Trend Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT 1800.75 R1 1808.34 S1 1792.81 R2 1813.22 S2 1788.11 R3 1820.80 S3 1780.35 www.fxcentro.com Time Frame: H1 XAU/USD Comment: - XAUUSD is priced above MA & Pivot Point. RSI is above 50 level. Up Trend is observed. - Ascending Channels is observed. Price is checking the bottom of Ascending Channel and has reversed from the bottom of Ascending Channel. - If price breaks 1808.34, a fresh upward movement will be seen. - Alternative Scenario – A fresh sell is suggested below 1800. - 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.