DAILY ANALYSIS REPORT APRIL-29-2021

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Time Frame

H1

Commentary : The Aussie rises gradually on Thursday and hits highest level since March 18, 2021. The pair made intraday high at $0.7817 and low at $0.7781 mark. A day chart and H1 chart with triple EMA confirms up trend for the time being. A sustained close above $0.7815 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7770 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7815S10.7770
R20.7838S20.7742
R30.7867S30.7702
R40.7902S40.7677
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7820Sell Below : 0.7770
– Take Profit : 0.7838– Take Profit : 0.7740
– Stop Loss : 0.7785– Stop Loss : 0.7815

Commentary : The euro appreciates sharply against U.S. dollar and hits highest level since Feb 26, 2021. Today pair made intraday high at $1.2150 and low at $1.2120. Today triple EMA on a day chart and H1 chart confirm bullish trend for the time being. A consistent close above $1.2150 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2080 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                                    –
R11.2150S11.2080
R21.2170S21.2062
R31.2192S31.2048
R41.2227S41.2001
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2150 Sell Below : 1.2115
– Take Profit : 1.2178  – Take Profit : 1.2080
– Stop Loss : 1.2118  – Stop Loss : 1.2150

Commentary : The pound continues to trade higher against U.S. dollar and stabilizes around $1.3950 mark. The pair made intraday high at $1.3976 and low at $1.3925 mark. Today a day chart as well as H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1.3969 requires for the upside rally. Alternatively, a consistent close below $1.3910 will check further key supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.3969S11.3910
R21.3992S21.3858
R31.4008S31.3822
R41.4041S41.3787
BUYSELL
  
Buy Above : 1.3980Sell Below : 1.3920
– Take Profit : 1.4008  – Take Profit : 1.3892
– Stop Loss : 1.3940  – Stop Loss : 1.3965

Commentary : The Canadian dollar strengthens sharply on Thursday and slips below 1.23 mark in early Asian hours. Today pair made intraday high at 1.2320 and low at 1.2287 mark. The CAD hits highest level since Feb 2018. A day chart and H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2343 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2289 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                                    –
R11.2343S11.2289
R21.2371S21.2265
R31.2392S31.2242
R41.2416S41.2210
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2350Sell Below : 1.2285
– Take Profit : 1.2376  – Take Profit : 1.2265
– Stop Loss : 1.2310  – Stop Loss : 1.2328

Commentary :  The Japanese yen trades marginally higher on Thursday and hovers around 108.50 mark. The pair made intraday high at 108.63 and low at 108.43 mark. The triple EMA on a day chart is up while H1 chart is likely to give crossover on triple EMA, which may lead to bearish trend. A sustained close above 108.65 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.40 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                                     –
R1108.72S1108.40
R2109.11S2108.22
R3109.40S3107.87
R4109.71S4107.51
BUYSELL
Trade IdeaTrade Idea
Buy Above : 108.72Sell Below : 108.25
– Take Profit : 108.95  – Take Profit : 108.01
– Stop Loss : 108.40  – Stop Loss : 108.60

Commentary : Gold spiked up sharply in previous session after dovish FOMC meet. Today pair made intraday high at $1,790 and low $1,781 mark. A day chart and H1 Chart with Triple EMA is showing up trend for the time being. A sustained close above $1,789 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,765 will check further supports. Later today, U.S. will release Advance GDP q/q data; it will provide further directions to the parity.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11790S11778
R21797S21772
R31805S31768
R41812S41762
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1790Sell Below : 1776
– Take Profit : 1796  – Take Profit : 1770
– Stop Loss : 1778  – Stop Loss : 1785

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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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