DAILY ANALYSIS REPORT APRIL-19-2021

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Time Frame

H1

Commentary : The Aussie recovers early Asian hour’s losses and touches $0.7735 mark in opening hours. The pair made intraday high at $0.7735 and low at $0.7706 mark. Today triple EMA with a day and H1 chart confirm 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 $0.7712 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
R20.7757S20.7677
R30.7770S30.7638
R40.7790S40.7602
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7750Sell Below : 0.7702
– Take Profit : 0.7772– Take Profit : 0.7677
– Stop Loss : 0.7710– Stop Loss : 0.7740

Commentary :
The euro trades almost flat on Monday and hovers around $1.1950 mark. The pair made intraday high at $1.1977 and low at $1.1942. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1989 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1940 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                                    –
R11.1989S11.1940
R21.2050S21.1927
R31.2090S31.1901
R41.2128S41.1872
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.1980Sell Below : 1.1940
– Take Profit : 1.2005– Take Profit : 1.1901
– Stop Loss : 1.1950– Stop Loss : 1.1976

Commentary : The pound rises noticeably on Monday and touches $1.3857 mark on Monday. The pair made intraday high at $1.3857 and low at $1.3809 mark. A day chart and H1 Chart with triple EMA confirm bullish trend for the time being. A sustained close above $1.3862 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.3815 on H1 will check further supports.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.3862S11.3809
R21.3900S21.3790
R31.3927S31.3752
R41.3948S41.3715
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.3862Sell Below : 1.3820
– Take Profit : 1.3900– Take Profit : 1.3790
– Stop Loss : 1.3820– Stop Loss : 1.3850

Commentary : The Canadian dollar exhibits range bound movement and stabilizes above 1.25 mark. The pair made intraday high at 1.2528 and low at 1.2503 mark. A day chart and H1 Chart with triple EMA confirm bearish trend for the time being. A sustained close above 1.2521 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2486 will check key supports too.
  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2528S11.2500
R21.2560S21.2468
R31.2592S31.2450
R41.2610S41.2410
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2530Sell Below : 1.2490
– Take Profit : 1.2560– Take Profit : 1.2450
– Stop Loss : 1.2500– Stop Loss : 1.2530

Commentary : The Japanese yen rises gradually against U.S. dollar and stabilizes around 108.50 mark in opening hours. The pair made intraday high at 108.83 and low at 108.54 mark. The triple EMA on a day chart is bullish while H1 chart confirms bearish trend for the time being. A sustained close above 108.80 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.62 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                                    –
R1108.80S1108.54
R2109.20S2108.38
R3109.42S3108.12
R4109.87S4107.85
BUYSELL
Trade IdeaTrade Idea
Buy Above : 108.80Sell Below : 108.50
– Take Profit : 109.05– Take Profit : 108.12
– Stop Loss : 108.50– Stop Loss : 108.80

Commentary : The gold starts a new week on a positive note and consolidates around $1,780 mark. Today pair made intraday high at $1,783 and low $1,773 mark. This is the highest level since Feb 18, 2021. A day chart suggests slightly bearish trend while H1 chart with triple EMA confirms up trend for the time being. A sustained close above $1,781 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,772 will check further supports.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11783S11772
R21789S21767
R31794S31762
R41799S41754
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1783Sell Below : 1772
– Take Profit : 1789– Take Profit : 1767
– Stop Loss : 1775– Stop Loss : 1780
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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