DAILY ANALYSIS REPORT APRIL-06-2021

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Time Frame

H1

IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RIS (Period=26)Above RIS LEVEL 50
FIBO LevelsPIVOT 
R10.7657S10.7590
R20.7670S20.7570
R30.7692S30.7520
R40.7722S40.7488
Conclusion
Buy Above0.7660
  – Take Profit0.7690
  – Stop Loss0.7620
Sell Below0.7620
  – Take Profit0.7590
  – Stop Loss0.7660
Commentary : The Aussie rises immediately after RBA’s cash rate decision. Today RBA
kept interest rate unchanged at 0.10 pct. Today triple EMA with day chart is bearish in
long run while H1 chart confirm up trend for the time being. A sustained close above
$0.7657 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.7590 will check further supports.

IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RIS (Period=26)Above RIS LEVEL 50
FIBO LevelsPIVOT 
R11.1830S11.1782
R21.1862S21.1750
R31.1890S31.1690
R41.1922S41.1648
Conclusion
Buy Above1.1822
  – Take Profit1.1840
  – Stop Loss1.1790
Sell Below1.1790
  – Take Profit1.1760
  – Stop Loss1.1830
Commentary : The euro recovers from previous losses and jumps back above $1.18 mark.
The pair made intraday high at $1.1810 and low at $1.1805. Today triple EMA on a day
chart suggest bearish trend while H1 chart signal slightly up trend for the time being. A
consistent close above $1.1818 on H1 chart requires for the upside rally. Alternatively, a
sustained close below $1.1780 on H1 will check further supports.

IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RIS (Period=26)Above RIS LEVEL 50
FIBO LevelsPIVOT 
R11.3922S11.3889
R21.3954S21.3837
R31.3976S31.3790
R41.4002S41.3776
Conclusion
Buy Above1.3922
  – Take Profit1.3948
  – Stop Loss1.3790
Sell Below1.3885
  – Take Profit1.3862
  – Stop Loss1.3920
Commentary : The pound strengthens sharply against U.S. dollar and stabilizes above
$1.39 mark. The pair made intraday high at $1.3915 and low at $1.3889 mark. A day
chart and H1 chart with triple EMA confirm bullish trend for the time being. A sustained
close above $1.3922 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1.3889 will check key supports too.

IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RIS (Period=26)Below RIS LEVEL 50
FIBO LevelsPIVOT 
R11.2593S11.2520
R21.2610S21.2500
R31.2640S31.2468
R41.2667S41.2440
Conclusion
Buy Above1.2550
  – Take Profit1.2593
  – Stop Loss1.2520
Sell Below1.2518
  – Take Profit1.2490
  – Stop Loss1.2550
Commentary : The Canadian dollar rises sharply in previous session and touched 1.2501
mark. Today pair is trading slightly up and remains well supported above 1.2500 mark. A
day chart and H1 chart signals bearish trend for the time being. A sustained close above
1.2610 on H1 chart requires for the upside rally. Alternatively, a consistent close below
1.2510 will check key supports too.

IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RIS (Period=26)Below RIS LEVEL 50
FIBO LevelsPIVOT 
R1110.70S1110.00
R2110.96S2109.57
R3111.44S3109.00
R4111.72S4108.62
Conclusion
Buy Above110.40
  – Take Profit110.70
  – Stop Loss110.00
Sell Below110.00
  – Take Profit109.78
  – Stop Loss110.50
Commentary : The Japanese yen remains slightly volatile after mixes economic data. The
pair made intraday high at 110.40 and low at 110.10 mark. The triple EMA on a day chart
confirms up trend and H1 chart confirm bearish trend for the time being. A sustained
close above 110.70 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 110.00 on H1 will check key.

IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RIS (Period=26)Above RIS LEVEL 50
FIBO LevelsPIVOT 
R11742S11732
R21748S21728
R31754S31722
R41762S41715
Conclusion
Buy Above1742
  – Take Profit1748
  – Stop Loss1730
Sell Below1732
  – Take Profit1725
  – Stop Loss1742
Commentary : The gold rises sharply on Tuesday and touches $1,737 mark in
Asian hours. A day chart with triple EMA confirm bearish trend while H1 chart with triple
EMA confirm up trend for the time being. A sustained close above $1,742 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $1,732 will check
further supports.
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