DAILY ANALYSIS REPORT APRIL-28-2021

Posted on
.

Time Frame

H1

Commentary :  The Aussie depreciates noticeably on Wednesday as CPI data misses expectations. The pair made intraday high at $0.7771 and low at $0.7725 mark. A day chart confirms up trend while H1 chart confirms bearish trend for the time being. A sustained close above $0.7772 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7700 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7772S10.7718
R20.7815S20.7702
R30.7838S30.7677
R40.7867S40.7640
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7776Sell Below : 0.7725
– Take Profit : 0.7815– Take Profit : 0.7701
– Stop Loss : 0.7740– Stop Loss : 0.7770

Commentary : The euro trades marginally lower on Wednesday and remains well supported around $1.2080 mark. Later today ECB President Lagarde is scheduled to speak at 1400 GMT, likely to bring market volatility in Euro parity. Today pair made intraday high at $1.2093 and low at $1.2075. Today triple EMA on a day chart and H1 chart confirm bullish trend for the time being. A consistent close above $1.2090 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2048 on H1 will check further supports. 
Indicators H1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2090S11.2062
R21.2115S21.2048
R31.2152S31.2001
R41.2170S41.1976
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2095 Sell Below : 1.2055
– Take Profit : 1.2122  – Take Profit : 1.2015
– Stop Loss : 1.2070  – Stop Loss : 1.2090

Commentary : The sterling trades marginally lower on Wednesday and stabilizes below $1.3900 mark. The pair made intraday high at $1.3910 and low at $1.3874 mark. Today a day confirms bullish trend for the time being while H1 chart confirms short trend for the time being. A sustained close above $1.3915 requires for the upside rally. Alternatively, a consistent close below $1.3840 will check further key supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.3925S11.3858
R21.3945S21.3822
R31.3969S31.3787
R41.3992S41.3764
BUYSELL
  
Buy Above : 1.3925Sell Below : 1.3855
– Take Profit : 1.3945  – Take Profit : 1.3820
– Stop Loss : 1.3885  – Stop Loss : 1.3905

Commentary : The Canadian dollar trades marginally lower and jumps back above 1.2400 mark. Today pair made intraday high at 1.2418 and low at 1.2394 mark. A day chart and H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2418 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2391 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                                    –
R11.2418S11.2391
R21.2450S21.2365
R31.2472S31.2347
R41.2490S41.2330
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2420Sell Below : 1.2380
– Take Profit : 1.2450  – Take Profit : 1.2347
– Stop Loss : 1.2389  – Stop Loss : 1.2415

Commentary :  The Japanese yen weakens noticeable against U.S. dollar after BOJ’s Monetary Policy Meet released yesterday. The pair made intraday high at 108.94 and low at 108.62 mark. The triple EMA on a day as well as H1 chart is bullish for the time being. A sustained close above 109.11 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.57 on H1 will check key supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1109.11S1108.57
R2109.40S2108.22
R3109.71S3107.87
R4109.96S4107.51
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.10Sell Below : 108.50
– Take Profit : 109.37  – Take Profit : 108.22
– Stop Loss : 108.60  – Stop Loss : 108.90

Commentary : The judgment day is finally comes. The key event for the day will be FOMC Interest Rate Decision. The gold trades slightly lower on Wednesday and hovers around $1,770 mark. Today pair made intraday high at $1,777 and low $1,766 mark. A day chart and 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 $1,768 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11784S11768
R21787S21762
R31792S31754
R41797S41748
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1778Sell Below : 1764
– Take Profit : 1785  – Take Profit : 1758
– Stop Loss : 1769  – Stop Loss : 1772

Download Report in PDF

We provide every solution to start your own

Tags
Disclamer:
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 FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts

Categories

Offices

305 Griffith Corporate Park, Beachmont Kingston, Saint Vincent & the Grenadines

Mail us

Drop mail at:
support@tpglobalfx.com

Contact us

Call or Whatsapp
+1 7754366970

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

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

TP Global Services Limited is registered with NFA (National Futures Association) USA with Registration Number 0533098.

mappin at-sign phone close