DAILY ANALYSIS REPORT APRIL-14-2021

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Time Frame

H1

Commentary : The Aussie recovers sharply from previous losses against U.S. dollar on robust Westpac Consumer Sentiment Results and remains well supported above $0.7650 mark. The pair made intraday high at $0.7668 and low at $0.7634 mark. Today triple EMA with a day chart suggests bearish trend but H1 chart confirms bullish trend for the time being. A sustained close above $0.7672 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7640 will check further supports. 
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7672S10.7640
R20.7690S20.7590
R30.7722S30.7540
R40.7740S40.7522
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7672Sell Below : 0.7638
– Take Profit : 0.7702– Take Profit : 0.7610
– Stop Loss : 0.7650– Stop Loss : 0.7670

Commentary : The euro rises gradually against U.S. dollar and hits fresh 4 – week high at $1.1964 mark. The pair made intraday high at $1.1964 and low at $1.1942. Today triple EMA on a day chart suggest bearish trend while H1 chart signals up trend for the time being. A consistent close above $1.1962 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1947 on H1 will check further supports. 
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.1989S11.1942
R21.2050S21.1890
R31.2090S31.1872
R41.2128S41.1840
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.1990Sell Below : 1.1940
– Take Profit : 1.2022– Take Profit : 1.1910
– Stop Loss : 1.1950– Stop Loss : 1.1980

Commentary : The pound appreciates on Wednesday and hovers around $1.3770 mark. The pair made intraday high at $1.3781 and low at $1.3746 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 $1.3770 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.3722 will check further supports.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.3789S11.3722
R21.3840S21.3701
R31.3862S31.3665
R41.3900S41.3622
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.3782Sell Below : 1.3740
– Take Profit : 1.3820– Take Profit : 1.3712
– Stop Loss : 1.3750– Stop Loss : 1.3770

Commentary :The Canadian dollar remained highly volatile in previous session and currently stabilizes below 1.2550 mark. The pair made intraday high at 1.2547 and low at 1.2528 mark. A day chart and H1 Chart with triple EMA confirm bearish trend for the time being. A sustained close above 1.2560 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2518 will check key supports too.
  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2560S11.2518
R21.2592S21.2500
R31.2610S31.2468
R41.2640S41.2450
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2550Sell Below : 1.2518
– Take Profit : 1.2590– Take Profit : 1.2490
– Stop Loss : 1.2525– Stop Loss : 1.2545

Commentary : The Japanese yen strengthens sharply against U.S. dollar and touches 108.75 mark in Asian hours. The pair made intraday high at 109.07 and low at 108.75 mark. The triple EMA on a day chart is bullish while H1 chart confirms bearish trend for the time being. A sustained close above 109.20 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.80 on H1 will check key supports.
  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R1109.20S1108.62
R2109.42S2108.38
R3109.87S3108.12
R4110.22S4107.85
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.20Sell Below : 108.70
– Take Profit : 109.42– Take Profit : 108.38
– Stop Loss : 108.80– Stop Loss : 109.20

Commentary : The gold strengthens sharply in previous session despite higher than expected U.S. CPI, Core CPI results. Today pair made intraday high at $1,749 and low $1,740 mark. A day chart suggests slightly bearish trend while H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1,748 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,738 will check further supports. Later today U.S. Fed Chair Powell is scheduled to speak at the Economic Club of Washington, via satellite. It will provide further directions to the parity.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11748S11738
R21754S21732
R31762S31727
R41767S41721
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1750Sell Below : 1738
– Take Profit : 1755– Take Profit : 1732
– Stop Loss : 1740– Stop Loss : 1745
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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