DAILY ANALYSIS REPORT APRIL-21-2021

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Time Frame

H1

Commentary : The Aussie weakens sharply against U.S. dollar despite higher than expected retail sales data. The pair made intraday high at $0.0.7736 and low at $0.7705 mark. A day chart suggests up trend while H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $0.7740 on H1 chart requires for the upside rally. Alternatively, current downside movement will drag the parity down below $0.7700 mark.
  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7740S10.7702
R20.7770S20.7677
R30.7790S30.7638
R40.7812S40.7622
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7740Sell Below : 0.7698
– Take Profit : 0.7770– Take Profit : 0.7677
– Stop Loss : 0.7710– Stop Loss : 0.7730

Commentary : The euro exhibits range bound movement on Wednesday and consolidates around $1.2030 mark. The pair made intraday high at $1.2043 and low at $1.2024. Today triple EMA on a day chart and H1 chart suggest slightly bullish trend for the time being. A consistent close above $1.2050 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2018 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                                    –
R11.2050S11.2018
R21.2090S21.2000
R31.2128S31.1980
R41.2152S41.1942
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2050Sell Below : 1.2000
– Take Profit : 1.2080– Take Profit : 1.1980
– Stop Loss : 1.2020– Stop Loss : 1.2030

Commentary : The Aussie weakens in early Asia as retail sales data misses the expectations but recovers soon from the previous losses. The pair is currently trading around $0.7750 mark. A day chart suggests up trend while H1 chart with triple EMA confirms the down trend for the time being. A sustained close above $0.7761 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7732 will check further supports.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.3952S11.3920
R21.3970S21.3900
R31.4008S31.3876
R41.4026S41.3854
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.3952Sell Below : 1.3910
– Take Profit : 1.3970– Take Profit : 1.3876
– Stop Loss : 1.3915– Stop Loss : 1.3940

Commentary : The Canadian dollar trades almost flat ahead of Canada’s Interest Rate Decision and Inflation results. The pair made intraday high at 1.2616 and low at 1.2597 mark. A day chart is bearish and H1 Chart with triple EMA confirms up trend for the time being. A sustained close above 1.2618 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2590 will check key supports too.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2618S11.2590
R21.2640S21.2565
R31.2670S31.2540
R41.2692S41.2518
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2625Sell Below : 1.2590
– Take Profit : 1.2655– Take Profit : 1.2570
– Stop Loss : 1.2600– Stop Loss : 1.2620

Commentary : The Japanese yen remains volatile on Wednesday and hovers around 108.00 mark. The pair made intraday high at 108.14 and low at 107.87 mark. The triple EMA on a day chart is bullish while H1 chart confirms bearish trend for the time being. A sustained close above 108.15 on H1 chart requires for the upside rally. Alternatively, a consistent close below 107.92 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                                    –
R1108.15S1107.92
R2108.40S2107.60
R3108.90S3107.28
R4109.27S4107.00
BUYSELL
Trade IdeaTrade Idea
Buy Above : 108.15Sell Below : 107.85
– Take Profit : 108.40– Take Profit : 107.60
– Stop Loss : 107.90– Stop Loss : 108.15

Commentary : The gold rises sharply on Wednesday and touches $1,785 mark in Asian hours. Today pair made intraday high at $1,785 and low $1,776 mark. Today’s U.S. session is empty again, suggesting high volatility during U.S. session. A day chart is about to give successful crossover for the upside trend while H1 chart with triple EMA has already confirmed bullish trend for the time being. A sustained close above $1,787 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,775 will check further supports.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11787S11776
R21794S21772
R31799S31767
R41805S41762
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1787Sell Below : 1775
– Take Profit : 1794– Take Profit : 1768
– Stop Loss : 1778– Stop Loss : 1783
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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