DAILY ANALYSIS REPORT APRIL-16-2021

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Time Frame

H1

Commentary : The Aussie remains volatile in early Asia and touches $0.7724 mark in opening hours. The pair made intraday high at $0.7755 and low at $0.7724 mark. Today triple EMA with a day chart just give successful crossover for the bullish trend and H1 chart has already confirming bullish trend in short run too. A sustained close above $0.7757 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7720 will check further supports.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7770S10.7702
R20.7790S20.7677
R30.7812S30.7638
R40.7847S40.7602
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7760Sell Below : 0.7720
– Take Profit : 0.7790– Take Profit : 0.7690
– Stop Loss : 0.7730– Stop Loss : 0.7750

Commentary : The euro moves in stiff boundaries against U.S. dollar and remains well supported below $1.2000 mark. The pair made intraday high at $1.1974 and low at $1.1950. Today triple EMA on a day chart suggests bearish trend while H1 chart signals bullish trend for the time being. A consistent close above $1.1989 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1950 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                                    –
R11.1989S11.1950
R21.2050S21.1927
R31.2090S31.1901
R41.2128S41.1872
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.1990Sell Below : 1.1950
– Take Profit : 1.2028– Take Profit : 1.1927
– Stop Loss : 1.1960– Stop Loss : 1.1985

Commentary : The pound depreciates on Friday and stabilizes around $1.3750 mark. The pair made intraday high at $1.3787 and low at $1.3752 mark. A day chart and 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 sustained close below $1.3750 on H1 will check further supports.
  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.3789S11.3750
R21.3840S21.3722
R31.3862S31.3701
R41.3900S41.3665
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.3790Sell Below : 1.3750
– Take Profit : 1.3820– Take Profit : 1.3722
– Stop Loss : 1.3760– Stop Loss : 1.3790

Commentary : The Canadian dollar trades noticeably higher on Friday and remains well supported above 1.25 mark. The pair made intraday high at 1.2559 and low at 1.2531 mark. A day chart is showing down trend while H1 Chart with triple EMA confirms bullish trend for the time being. A sustained close above 1.2560 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2520 will check key supports too.
  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2560S11.2520
R21.2592S21.2500
R31.2610S31.2468
R41.2640S41.2450
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2560Sell Below : 1.2520
– Take Profit : 1.2590– Take Profit : 1.2490
– Stop Loss : 1.2530– Stop Loss : 1.2555

Commentary : The Japanese yen trades marginally lower on Friday and hovers around 108.90 mark. The pair made intraday high at 108.94 and low at 108.61 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 : 109.00Sell Below : 108.50
– Take Profit : 109.32– Take Profit : 108.26
– Stop Loss : 108.60– Stop Loss : 108.90

Commentary : The gold spiked up sharply in previous session as U.S. released Industrial Production data with negative numbers and touched $1,769 mark. Today gold moves in rigid boundaries and stabilizes above $1,760 mark. Today pair made intraday high at $1,766 and low $1,759 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 $1,770 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,758 will check further supports.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11770S11758
R21776S21754
R31782S31748
R41789S41742
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1770Sell Below : 1755
– Take Profit : 1776– Take Profit : 1748
– Stop Loss : 1757– Stop Loss : 1765
Note:

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