DAILY ANALYSIS REPORT APRIL-20-2021

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Time Frame

H1

Commentary : The Aussie rises sharply on Tuesday after RBA’s Monetary Policy Meeting Minutes and hits highest level since March 18, 2021. The pair made intraday high at $0.7800 and low at $0.7750 mark. Today triple EMA with a day and H1 chart confirm up trend for the time being. A sustained close above $0.7800 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7752 will check further supports.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7800S10.7752
R20.7849S20.7702
R30.7876S30.7677
R40.7912S40.7638
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7800Sell Below : 0.7752
– Take Profit : 0.7822– Take Profit : 0.7722
– Stop Loss : 0.7770– Stop Loss : 0.7800

Commentary : The euro spiked up on Tuesday and touches $1.2071 mark in Asian hours. The pair made intraday high at $1.2071 and low at $1.2031. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.2070 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2040 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                                    –
R11.2070S11.2040
R21.2090S21.2020
R31.2128S31.2000
R41.2152S41.1980
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2072Sell Below : 1.2030
– Take Profit : 1.2100– Take Profit : 1.2005
– Stop Loss : 1.2040– Stop Loss : 1.2065

Commentary : The pound strengthens sharply on Tuesday and hits fresh 6 – week high at $1.4008 mark. The pair made intraday high at $1.4008 and low at $1.3975 mark. A day chart and H1 chart with triple EMA confirms the uptrend for the time being. A sustained close above $1.4004 requires for the upside rally. Alternatively, a consistent close below $1.3962 will test further supports.
  
Indicators1.3948H1
TrendsUp Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.4026S11.3962
R21.4061S21.3948
R31.4086S31.3927
R41.4107S41.3900
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.4010Sell Below : 1.3970
– Take Profit : 1.4040– Take Profit : 1.3940
– Stop Loss : 1.3975– Stop Loss : 1.4000

Commentary : The Canadian dollar strengthens on Tuesday and slips back below 1.24 mark. The pair made intraday high at 1.2530 and low at 1.2488 mark. A day chart and H1 Chart with triple EMA confirm bearish trend for the time being. A sustained close above 1.2530 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2476 will check key supports too.
  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2530S11.2476
R21.2560S21.2450
R31.2592S31.2410
R41.2610S41.2390
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2530Sell Below : 1.2485
– Take Profit : 1.2560– Take Profit : 1.2450
– Stop Loss : 1.2500– Stop Loss : 1.2520

Commentary : The Japanese yen appreciates sharply against U.S. dollar and hits highest level since March 05, 2021. The pair made intraday high at 108.31 and low at 107.97 mark. The triple EMA on a day chart is bullish while H1 chart confirms bearish trend for the time being. A sustained close above 108.25 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.30 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                                    –
R1108.30S1107.85
R2108.56S2107.52
R3108.90S3107.20
R4109.27S4107.00
BUYSELL
Trade IdeaTrade Idea
Buy Above : 108.30Sell Below : 107.90
– Take Profit : 108.56– Take Profit : 107.52
– Stop Loss : 108.00– Stop Loss : 108.20

Commentary : The gold spiked down sharply in previous session and touched $1,765 mark. Today pair made intraday high at $1,775 and low $1,765 mark. Today’s U.S. session is also empty, suggesting high volatility in the U.S. session. Currently pair is consolidating around $1,770 mark. Let’s wait for few hours to break the immediate support or resistance for the further directions. A day chart suggests bearish trend while H1 chart with triple EMA confirms slightly up trend for the time being. A sustained close above $1,776 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,767 will check further supports.
  
IndicatorsH1
TrendsDown  Trend
Moving Average (Period=75)Below  MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11776S11767
R21783S21762
R31790S31754
R41799S41748
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1776Sell Below : 1762
– Take Profit : 1783– Take Profit : 1754
– Stop Loss : 1765– Stop Loss : 1770
Note:

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