DAILY ANALYSIS REPORT APRIL-07-2021

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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 
R10.7672S10.7590
R20.7690S20.7570
R30.7722S30.7520
R40.7740S40.7488
Conclusion 
Buy Above0.7672
  – Take Profit0.7690
  – Stop Loss0.7640
Sell Below0.7630
  – Take Profit0.7600
  – Stop Loss0.7662
Commentary : The Aussie remained highly volatile in previous session after RBA’s Cash
Rate Decision. Pair failed to fall below $0.76 mark and currently stabilizes above
$0.7650 mark. Today triple EMA with day chart is bearish in long run while H1 chart
confirms up trend for the time being. A sustained close above $0.7672 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7590 will check
further supports.
Indicators H1
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.1890 S1 1.1830
R2 1.1922 S2 1.1782
R3 1.1962 S3 1.1750
R4 1.2004 S4 1.1690
Conclusion
Buy Above 1.1890
  – Take Profit 1.1922
  – Stop Loss 1.1850
Sell Below 1.1830
  – Take Profit 1.1790
  – Stop Loss 1.1870
Commentary : The euro exhibits range bound movement and consolidates around $1.1870 mark. The pair made intraday high at $1.1878 and low at $1.1865. 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 $1.1890 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1830 on H1 will check further supports.

IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RIS (Period=26)Below RIS LEVEL 50
FIBO LevelsPIVOT 
R11.3870S11.3790
R21.3922S21.3776
R31.3954S31.3740
R41.3976S41.3706
Conclusion
Buy Above1.3870
  – Take Profit1.3900
  – Stop Loss1.3840
Sell Below1.3800
  – Take Profit1.3776
  – Stop Loss1.3840
Commentary:  The pound weakens extremely against U.S. dollar in previous session and
currently stabilizes below $1.3850 mark. The pair made intraday high at $1.3839 and
low at $1.3813 mark. A day chart is slightly bullish while H1 chart with triple EMA confirm
bearish trend for the time being. A sustained close above $1.3870 on H1 chart requires
for the upside rally. Alternatively, a consistent close below $1.3790 will check key
supports too.

IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RIS (Period=26)Above RIS LEVEL 50
FIBO LevelsPIVOT 
R11.2593S11.2560
R21.2610S21.2539
R31.2640S31.2500
R41.2667S41.2468
Conclusion
Buy Above1.2593
  – Take Profit1.2610
  – Stop Loss1.2560
Sell Below1.2539
  – Take Profit1.2500
  – Stop Loss1.2593
Commentary : The Canadian dollar trades marginally lower on Wednesday and hovers
around key resistance at 1.2593 mark. A day chart confirms bearish trend in long run
while H1 chart signals up trend for the time being. A sustained close above 1.2593 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2560 will
check key supports too.

IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RIS (Period=26)Below RIS LEVEL 50
FIBO LevelsPIVOT 
R1110.22S1109.57
R2110.70S2109.00
R3111.96S3108.62
R4111.44S4108.40
Conclusion
Buy Above110.00
  – Take Profit110.22
  – Stop Loss109.68
Sell Below109.57
  – Take Profit109.24
  – Stop Loss109.90
Commentary: The Japanese yen reverses previous loss against U.S. dollar and slips back
below 110.00 mark. The pair made intraday high at 109.89 and low at 109.57 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 109.90 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 109.50 on H1 will check key supports.

IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RIS (Period=26)Above RIS LEVEL 50
FIBO LevelsPIVOT 
R11748S11732
R21754S21728
R31762S31722
R41768S41715
Conclusion
Buy Above1745
  – Take Profit1752
  – Stop Loss1730
Sell Below1728
  – Take Profit1721
  – Stop Loss1740
Commentary : The gold enjoys roller coaster movement and hovers around $1,740
mark. Pair made intraday high at $1,744 and low $1,735 mark. A day chart with triple
EMA confirms bearish trend while H1 chart with triple EMA confirms up trend for the time
being. A sustained close above $1,745 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $1,732 will check further supports. Later today
U.S. will release trade balance and FOMC meeting minutes result. It will provide further
directions to the parity.
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