DAILY ANALYSIS REPORT APRIL-26-2021

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Time Frame

H1

Commentary :  The Aussie continues to trade higher in early Asia. Australian banks will be closed in observance of Anzac Day. The pair made intraday high at $0.7780 and low at $0.7739 mark. A day chart as well as H1 chart confirms Bullish trend for the time being. A sustained close above $0.7790 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7740 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7790S10.7740
R20.7815S20.7718
R30.7838S30.7702
R40.7867S40.7677
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7790Sell Below : 0.7740
– Take Profit : 0.7815– Take Profit : 0.7722
– Stop Loss : 0.7755– Stop Loss : 0.7780

Commentary : The euro appreciates on Monday and jumps back above $1.21 mark. Today there is only one key indicator from the Euro area and that is German IFO Business Climate data. Today pair made intraday high at $1.2116 and low at $1.2088. Today triple EMA on a day chart and H1 chart is bullish for the time being. A consistent close above $1.2122 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2089 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                                    –
R11.2122S11.2088
R21.2152S21.2062
R31.2170S31.2048
R41.2215S41.2001
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2127 Sell Below : 1.2080
– Take Profit : 1.2152  – Take Profit : 1.2048
– Stop Loss : 1.2090  – Stop Loss : 1.2120

Commentary :  The sterling strengthens on Monday and hovers around $1.3900 mark. The pair made intraday high at $1.3907 and low at $1.3864 mark. Today a day and H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above $1.3910 requires for the upside rally. Alternatively, a consistent close below $1.3864 will check further key supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.3910S11.3864
R21.3945S21.3835
R31.3969S31.3808
R41.3992S41.3787
BUYSELL
  
Buy Above : 1.3920Sell Below : 1.3864
– Take Profit : 1.3945  – Take Profit : 1.3835
– Stop Loss : 1.3875  – Stop Loss : 1.3910

Commentary : The Canadian dollar strengthens on Monday and stabilizes below 1.2500 mark. Today pair made intraday high at 1.2490 and low at 1.2449 mark. A day chart and H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2490 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2450 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                                    –
R11.2490S11.2450
R21.2520S21.2418
R31.2561S31.2400
R41.2592S41.2382
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2490Sell Below : 1.2445
– Take Profit : 1.2520  – Take Profit : 1.2418
– Stop Loss : 1.2460  – Stop Loss : 1.2490

Commentary :  The Japanese yen rises gradually against U.S. dollar on robust SPPI data and remains well supported below 108.00 mark. The pair made intraday high at 107.94 and low at 107.79 mark. The triple EMA on a day chart is bullish while H1 chart confirms bearish trend for the time being. A sustained close above 108.20 on H1 chart requires for the upside rally. Alternatively, a consistent close below 107.51 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                                     –
R1108.22S1107.51
R2108.47S2107.28
R3108.90S3107.00
R4109.27S4106.74
BUYSELL
Trade IdeaTrade Idea
Buy Above : 108.00Sell Below : 107.50
– Take Profit : 108.28  – Take Profit : 107.28
– Stop Loss : 107.60  – Stop Loss : 108.00

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 $1,774 mark. A day chart confirms sideways movement for the time being while H1 Chart with Triple EMA is showing bearish movement in short run. A sustained close above $1,784 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,774 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11787S11774
R21792S21768
R31797S31762
R41805S41754
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1789Sell Below : 1774
– Take Profit : 1796  – Take Profit : 1768
– Stop Loss : 1780  – Stop Loss : 1785

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