DAILY ANALYSIS REPORT FEBRUARY-12-2021

Posted on
.

Time Frame

H1

Commentary : The Aussie remains slightly volatile in early Asian hours and currently hovers around $0.7740 mark. A Day Chart and H1 chart confirm the trend reversal and suggest the bullish trend for the time being. On the top side, key resistance is seen at $0.7799 mark, a sustained close above will drag the parity towards key resistances. Alternatively, reversal from key resistance will result in to downside rally.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7772S10.7690
R20.7799S20.7638
R30.7820S30.7590
R40.7878S40.7522
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77706Sell Below : 0.77223
– Take Profit : 0.77973– Take Profit : 0.76836
– Stop Loss : 0.77404– Stop Loss : 0.77587

Commentary : The euro exhibits range bound movement and consolidates around $1.2120 mark. On H1 chart, pair supports the bullish trend but still a successful crossover of triple EMA above Day close is pending for the final confirmation of upside rally. Key boundaries for the parity will be $1.2134 to $1.2100 mark. A consistent break of either side on H1 chart 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                                    –
R11.2170S11.2100
R21.2224S21.2044
R31.2262S31.1961
R41.2323S41.1900
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.21449 Sell Below : 1.20991
– Take Profit : 1.21727  – Take Profit : 1.20715
– Stop Loss : 1.21105  – Stop Loss : 1.21347

Commentary :  The pound erases previous gain against U.S. dollar and slips back below $1.38 mark. On a Day Chart, shooting start pattern has observed and thus suggesting short term trend reversal. The pair made intraday high at $1.3817 mark and low at $1.3786 mark. On H1 chart, pair has already confirmed bearish trend. The key boundaries for the parity will be $1.3767 to $1.3820 mark. A successful close of either side on a H1 Chart will provide further direction to the parity.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.3820S11.3767
R21.3876S21.3738
R31.3932S31.3684
R41.3967S41.3637
BUYSELL
  
Buy Above : 1.38264Sell Below : 1.37602
– Take Profit : 1.38636  – Take Profit : 1.37164
– Stop Loss : 1.37891  – Stop Loss : 1.38121

Commentary : The Canadian dollar depreciates slightly on Friday and jumps back above 1.2711 mark. A Day Chart still suggests bearish trend while on H1 chart, a successful cross over took place and confirms bullish trend in short run. A sustained close above 1.2730 on H1 chart is must for the upside rally. If fails to break key hurdle will drag the parity back below 1.2700 mark.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2730S11.2690
R21.2751S21.2630
R31.2783S31.2600
R41.2856S41.2570
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.27449Sell Below : 1.26945
– Take Profit : 1.27698  – Take Profit : 1.26707
– Stop Loss : 1.27175  – Stop Loss : 1.27246

Commentary : The Japanese yen trades marginally lower on Friday and stabilizes well above 104.50 mark. The pair made intraday high at 104.84 and low at 104.68 mark. On H1 chart and Day chart, both RSI and triple EMA suggest upside trend for the time being. Key boundaries for the parity will be 104.92 to 104.50 mark. A sustained close above either side on a Day chart will provide further direction to the parity.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1104.77S1104.50
R2105.20S2104.22
R3105.68S3103.60
R4106.50S4102.92
BUYSELL
Trade IdeaTrade Idea
Buy Above : 104.959Sell Below : 104.603
– Take Profit : 105.181  – Take Profit : 104.351
– Stop Loss : 104.723  – Stop Loss : 104.849

Commentary : Gold broke key support at 1,827 mark in previous session and today touches $1,819 mark in Asian hours. On a Day Chart and H1 chart, triple EMA and RSI confirm the bearish trend for the time being. The key boundaries for the parity will be $1,832 to $1,818 mark. A consistent close of either side on H1 chart will only provide further direction to the parity.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11832S11818
R21840S21807
R31848S31798
R41854S41785
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1827.54Sell Below : 1817.90
– Take Profit : 1835.56  – Take Profit : 1809.29
– Stop Loss : 1817.90  – Stop Loss : 1826.05

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