DAILY ANALYSIS REPORT APRIL-30-2021

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Time Frame

H1

Commentary :  AUD/USD: The Aussie remains slightly volatile on Friday as Australia released key indicators with flat to positive numbers. The pair made intraday high at $0.7784 and low at $0.7760 mark. A day chart confirms up trend in long run while on H1 chart triple EMA is showing sideways movement. A sustained close above $0.7790 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7750 will check further supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7790S10.7750
R207815S20.7722
R30.7838S30.7702
R40.7867S40.7677
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7790Sell Below : 0.7740
– Take Profit : 0.7815– Take Profit : 0.7710
– Stop Loss : 0.7750– Stop Loss : 0.7780

Commentary : EUR/USD: The euro trades almost flat U.S. dollar and remains well supported above $1.21 mark. Today pair made intraday high at $1.2126 and low at $1.2115. 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 $1.2100 on H1 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2150S11.2080
R21.2170S21.2062
R31.2192S31.2048
R41.2227S41.2001
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2140 Sell Below : 1.2080
– Take Profit : 1.2172  – Take Profit : 1.2050
– Stop Loss : 1.2100  – Stop Loss : 1.2120

Commentary :  GBP/USD: The pound trades slightly up on Friday and hovers around $1.3950 mark. The pair made intraday high at $1.3958 and low at $1.3930 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 $1.3928 will check further key supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.3969S11.3928
R21.3992S21.3901
R31.4008S31.3858
R41.4041S41.3822
BUYSELL
  
Buy Above : 1.3970Sell Below : 1.3928
– Take Profit : 1.4001  – Take Profit : 1.3898
– Stop Loss : 1.3940  – Stop Loss : 1.3962

Commentary : USD/CAD: The Canadian dollar exhibits range bound movement and stabilizes below 1.23 mark in early Asian hours. Today pair made intraday high at 1.2284 and low at 1.2268 mark. The CAD hits fresh new high since Feb 2018. A day chart and H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2315 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2255 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                                    –
R11.2315S11.2255
R21.2343S21.2210
R31.2371S31.2178
R41.2392S41.2148
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2300Sell Below : 1.2255
– Take Profit : 1.2326  – Take Profit : 1.2210
– Stop Loss : 1.2270  – Stop Loss : 1.2290

Commentary :  USD/JPY: The Japanese yen rises slightly on Friday and remains well supported below 109.00 mark. The pair made intraday high at 109.05 and low at 108.76 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 109.05 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.65 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                                     –
R1109.22S1108.65
R2109.40S2108.40
R3109.71S3108.22
R4110.20S4107.87
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.05Sell Below : 108.60
– Take Profit : 109.30  – Take Profit : 108.28
– Stop Loss : 108.68  – Stop Loss : 109.05

Commentary : XAU/USD (GOLD): Gold depreciated sharply in previous session despite lower than expected U.S. economic results. Today pair made intraday high at $1,773 and low $1,765 mark. A day chart is up and H1 Chart with Triple EMA is showing down trend for the time being. A sustained close above $1,774 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,764 will check further supports. Later today, U.S. will release Personal Income and Spending data.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11774S11762
R21778S21756
R31782S31752
R41889S41747
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1774Sell Below : 1758
– Take Profit : 1780  – Take Profit : 1752
– Stop Loss : 1765  – Stop Loss : 1765

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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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