DAILY ANALYSIS REPORT APRIL-13-2021

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Time Frame

H1

Commentary : The Aussie weakens on Tuesday and slips back below $0.7600 mark. The pair made intraday high at $0.7630 and low at $0.7595 mark. Today triple EMA with a day chart and H1 chart confirms bearish trend for the time being. A sustained close above $0.7640 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7590 will check further supports.
  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7640S10.7590
R20.7672S20.7540
R30.7690S30.7522
R40.7740S40.7488
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7620Sell Below : 0.7585
– Take Profit : 0.7640– Take Profit : 0.7565
– Stop Loss : 0.7590– Stop Loss : 0.7610

Commentary : The euro depreciates gradually against U.S. dollar and stabilizes back below $1.1900 mark. The pair made intraday high at $1.1915 and low at $1.1886. Today triple EMA on a day chart suggest bearish trend while H1 chart signal slightly up trend for the time being. In addition, H1 chart with triple EMA is about to give bearish trend confirmation for the same. Have to wait for few hrs only to check the trend. A consistent close above $1.1922 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1872 on H1 will check further supports.
  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.1922S11.1872
R21.1940S21.1840
R31.1962S31.1828
R41.2004S41.1790
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.1922Sell Below : 1.1872
– Take Profit : 1.1948– Take Profit : 1.1850
– Stop Loss : 1.1890– Stop Loss : 1.1910

Commentary : The pound trades almost flat on Tuesday and hovers around $1.3730 mark. The pair made intraday high at $1.3756 and low at $1.3725 mark. A day chart with triple EMA confirms slightly bearish trend while H1 chart suggests slightly bullish trend in short run. A sustained close above $1.3755 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.3701 will check further supports.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.3755S11.3701
R21.3789S21.3665
R31.3840S31.3622
R41.3862S41.3585
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.3755Sell Below : 1.3701
– Take Profit : 1.3790– Take Profit : 1.3665
– Stop Loss : 1.3720– Stop Loss : 1.3740

Commentary : The Canadian dollar weakens sharply on Tuesday and hovers around immediate resistance at 1.2592 mark. A day chart is suggesting down trend while H1 Chart confirms bullish trend for the time being. A sustained close above 1.2592 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2550 will check key supports too.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2592S11.2550
R21.2610S21.2520
R31.2640S31.2500
R41.2690S41.2468
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2592Sell Below : 1.2550
– Take Profit : 1.2612– Take Profit : 1.2520
– Stop Loss : 1.2565– Stop Loss : 1.2580

Commentary : The Japanese yen trades noticeably lower on Tuesday and trading around 109.70 mark. The pair made intraday high at 109.75 and low at 109.34 mark. The triple EMA on a day chart and H1 chart confirm bullish trend for the time being. A sustained close above 109.90 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.40 on H1 will check key supports.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R1109.76S1109.40
R2109.90S2109.24
R3110.22S3109.00
R4110.70S4108.62
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.80Sell Below : 109.40
– Take Profit : 110.00– Take Profit : 109.18
– Stop Loss : 109.55– Stop Loss : 109.70

Commentary : The gold depreciates on Tuesday and slips below $1,730 mark. Pair made intraday high at $1,736 and low $1,725 mark. A day chart and H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1,735 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,727 will check further supports. Later today U.S. will release Inflation data and will provide further directions to the parity.
  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11738S11727
R21742S21721
R31748S31715
R41754S41708
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1737Sell Below : 1725
– Take Profit : 1742– Take Profit : 1718
– Stop Loss : 1730– Stop Loss : 1732
Note:

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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

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