DAILY ANALYSIS REPORT APRIL-15-2021

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Time Frame

H1

Commentary : The Aussie weakens sharply against major peers after Australia’s job results. The pair made intraday high at $0.7745 and low at $0.7705 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 $0.7740 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7702 will check further supports.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7740S10.7702
R20.7770S20.7677
R30.7790S30.7638
R40.7812S40.7602
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7730Sell Below : 0.7702
– Take Profit : 0.7770– Take Profit : 0.7677
– Stop Loss : 0.7702– Stop Loss : 0.7735

Commentary : The euro trades marginally higher against U.S. dollar and touches $1.1990 mark in Asian hours. The pair made intraday high at $1.1990 and low at $1.1969. Today triple EMA on a day chart suggests bearish trend while H1 chart signals up trend for the time being. A consistent close above $1.1989 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1970 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                                    –
R11.1989S11.1970
R21.2050S21.1948
R31.2090S31.1927
R41.2128S41.1901
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.1990Sell Below : 1.1960
– Take Profit : 1.2028– Take Profit : 1.1927
– Stop Loss : 1.1960– Stop Loss : 1.1985

Commentary : The pound remains volatile on Thursday and remains well supported above $1.3750 mark. The pair made intraday high at $1.3794 and low at $1.3764 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 $1.3790 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.3765 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                                    –
R11.3789S11.3765
R21.3840S21.3722
R31.3862S31.3701
R41.3900S41.3665
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.3799Sell Below : 1.3758
– Take Profit : 1.3820– Take Profit : 1.3722
– Stop Loss : 1.3760– Stop Loss : 1.3790

Commentary :
The Canadian dollar exhibits range bound movement and consolidates around 1.2520 mark. The pair made intraday high at 1.2528 and low at 1.2504 mark. A day chart and H1 Chart with triple EMA confirm bearish trend for the time being. A sustained close above 1.2540 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2505 will check key supports too.
  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2540S11.2500
R21.2560S21.2468
R31.2592S31.2450
R41.2610S41.2422
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2540Sell Below : 1.2505
– Take Profit : 1.2560– Take Profit : 1.2468
– Stop Loss : 1.2505– Stop Loss : 1.2530

Commentary : The Japanese yen trades almost flat on Thursday and stabilizes below 109.00 mark. The pair made intraday high at 108.96 and low at 108.80 mark. The triple EMA on a day chart is bullish while H1 chart confirms bearish trend for the time being. A sustained close above 109.06 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 : 109.10Sell Below : 108.75
– Take Profit : 109.38– Take Profit : 108.40
– Stop Loss : 108.80– Stop Loss : 109.00

Commentary : The gold starts a new day on a positive note ahead of U.S.’s retail sales and industrial production results. Today pair made intraday high at $1,743 and low $1,734 mark. A day chart suggests slightly bearish trend while H1 chart with triple EMA is about to give crossover for the bullish trend but have to wait for the few hours for the same. A sustained close above $1,748 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,735 will check further supports.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11748S11732
R21754S21727
R31762S31721
R41767S41715
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1745Sell Below : 1735
– Take Profit : 1752– Take Profit : 1728
– Stop Loss : 1737– Stop Loss : 1742
Note:

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