DAILY ANALYSIS REPORT APRIL-22-2021

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Time Frame

H1

Commentary : The Aussie trades marginally higher in early Asia after strong NAB Business Confidence Data. The pair made intraday high at $0.0.7764 and low at $0.7739 mark. A day chart and H1 chart with triple EMA confirm up trend for the time being. The pair breaks down the range bound movement and currently hovers around $0.7740 mark. A sustained close above $0.7760 on H1 chart requires for the upside rally. Alternatively, current downside movement will check further supports.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7770S10.7728
R20.7790S20.7702
R30.7812S30.7677
R40.7854S40.7638
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7770Sell Below : 0.7725
– Take Profit : 0.7798– Take Profit : 0.7702
– Stop Loss : 0.7730– Stop Loss : 0.7760

Commentary : The euro trades almost flat ahead of ECB’s Interest Rate Decision and Press Conference. The pair made intraday high at $1.2046 and low at $1.2030. Today triple EMA on a day chart and H1 chart suggests 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 $1.2006 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 sterling exhibits range bound movement and consolidates around $1.3930 mark. The pair made intraday high at $1.3949 and low at $1.3925 mark. Today a day and H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above $1.3955 requires for the upside rally. Alternatively, a consistent close below $1.3906 will check further key supports. Here, have to wait for the sometime to break the immediate levels to predict the further movements.
  
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.3955S11.3906
R21.3970S21.3876
R31.4008S31.3854
R41.4026S41.3822
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.3955Sell Below : 1.3905
– Take Profit : 1.3990– Take Profit : 1.3876
– Stop Loss : 1.3920– Stop Loss : 1.3940

Commentary : The Canadian dollar rose sharply in previous session after BoC’s hawkish Monetary Policy Statement. Today pair made intraday high at 1.2512 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 1.2520 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2484 on H1 chart will check key supports too.
  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2520S11.2460
R21.2562S21.2418
R31.2590S31.2400
R41.2612S41.2382
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2520Sell Below : 1.2485
– Take Profit : 1.2548– Take Profit : 1.2460
– Stop Loss : 1.2490– Stop Loss : 1.2510

Commentary : The Japanese yen rises gradually against U.S. dollar and slips back below 108.00 mark. The pair made intraday high at 108.14 and low at 107.91 mark. The triple EMA on a day chart is bullish while H1 chart confirms down 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 : 108.32– Take Profit : 107.60
– Stop Loss : 107.90– Stop Loss : 108.10

Commentary : The gold depreciates on Thursday and hovers around $1,790 mark. Today pair made intraday high at $1,797 and low $1,789 mark. A day chart and H1 chart confirm up trend for the time being. A sustained close above $1,798 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,788 will check further supports. Later today U.S. will release unemployment claims weekly data and Existing Home Sales data. It will provide further directions to the parity.
  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below  RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11799S11782
R21805S21776
R31812S31772
R41820S41767
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1799Sell Below : 1782
– Take Profit : 1805– Take Profit : 1776
– Stop Loss : 1790– Stop Loss : 1790
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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