DAILY ANALYSIS REPORT APRIL-08-2021

Posted on
.

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 Above0.7650
  – Take Profit0.7672
  – Stop Loss0.7620
Sell Below0.7602
  – Take Profit0.7580
  – Stop Loss0.7640
Commentary : The Aussie exhibits range bound movement and stabilizes above $0.76
mark. The pair made intraday high at $0.7635 and low at $0.7602 mark. Today triple
EMA with a day chart and H1 chart confirm bearish trend for the time being. A sustained
close above $0.7645 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 
R11.1890S11.1862
R21.1922S21.1828
R31.1962S31.1790
R41.2004S41.1758
Conclusion
Buy Above1.1890
  – Take Profit1.1922
  – Stop Loss1.1850
Sell Below1.1860
  – Take Profit1.1832
  – Stop Loss1.1890
Commentary : The euro trades in narrow range ahead of ECB’s Monetary Policy Meeting
Accounts. The pair made intraday high at $1.1875 and low at $1.1860. Today triple EMA
on a day chart suggest bearish trend while H1 chart signal slightly bullish trend for the
time being. A consistent close above $1.1890 on H1 chart requires for the upside rally.
Alternatively, a sustained close below $1.1862 on H1 will check further supports.

IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RIS (Period=26)Above RIS LEVEL 50
FIBO LevelsPIVOT 
R11.3790S11.3730
R21.3833S21.3706
R31.3860S31.3680
R41.3915S41.3648
Conclusion
Buy Above1.3800
  – Take Profit1.3833
  – Stop Loss1.3770
Sell Below1.3730
  – Take Profit1.3705
  – Stop Loss1.3770
Commentary: The pound trades marginally higher on Thursday and trading around $1.3760
mark. The pair made intraday high at $1.3767 and low at $1.3725 mark. A day chart is
slightly bullish while H1 chart with triple EMA confirm bearish trend for the time being. A
sustained close above $1.3790 on H1 chart requires for the upside rally. Alternatively, a
consistent close below $1.3730 will check key supports too.

IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RIS (Period=26)Below RIS LEVEL 50
FIBO LevelsPIVOT 
R11.2626S11.2580
R21.2640S21.2539
R31.2667S31.2500
R41.2690S41.2468
Conclusion
Buy Above1.2627
  – Take Profit1.2655
  – Stop Loss1.2590
Sell Below1.2580
  – Take Profit1.2550
  – Stop Loss1.2626
Commentary: The Canadian dollar exhibits range bound movement on Thursday and
touches 1.2627 mark in early Asia. A day chart confirms bearish trend in long run while
H1 chart signals up trend for the time being. A sustained close above 1.2626 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2580 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 Above109.90
  – Take Profit110.22
  – Stop Loss109.50
Sell Below109.50
  – Take Profit109.27
  – Stop Loss109.85
Commentary : The Japanese yen trades marginally higher after robust current account data.
The pair made intraday high at 109.90 and low at 109.65 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 Profit1754
  – Stop Loss1737
Sell Below1736
  – Take Profit1730
  – Stop Loss1745
Commentary : The gold strengthens sharply on Thursday and touches $1,745 mark
in Asian hours. Later today U.S. Fed Chair Powell’s Speech is schedule. Powell is due to
participate in a panel discussion about the global economy at a virtual International
Monetary Fund Seminar. Pair made intraday high at $1,745 and low $1,733 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.
Note:
This email is intended solely for the indicated recipient(s). It may contain privileged and/or confidential information. If you are not one of the intended recipients, please notify the sender immediately and destroy this email; you must not copy, distribute or take any action in reliance on the information contained within. Whilst all efforts are made to safeguard inbound and outbound emails, Swissquote cannot guarantee that attachments are virus free or compatible with your software and declines any liability in respect to viruses or computer problems experienced. Any views expressed in this message are those of the individual sender, except where specifically stated to be the view of Swissquote Bank Ltd, its subsidiaries or associates. Additionally Swissquote declines any liability connected with losses incurred on transactions based on any market information and/or opinions contained within this email. This message has been checked for all known viruses by McAfee Virus scan. This message is sent to you by Swissquote Bank. If you no longer wish to receive this type of emails from Swissquote, please click here to unsubscribe.

Download Report in PDF

We provide every solution to start your own

Tags
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. 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. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts

Categories

Offices

305 Griffith Corporate Park, Beachmont Kingston, Saint Vincent & the Grenadines

Mail us

Drop mail at:
support@tpglobalfx.com

Contact us

Call or Whatsapp
+1 7754366970

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. 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. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by - TP Global Services Limited registered by St. Vincent and the Grenadines with Number 25274 BC 2019. Registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

TP Global Services Limited is registered with NFA (National Futures Association) USA with Registration Number 0533098.

mappin at-sign phone close