DAILY ANALYSIS REPORT FEBRUARY-15-2021

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Time Frame

H1

Commentary : The Aussie strengthens noticeably against U.S. dollar and touches $0.7785 mark in Asian hours. The triple EMA and RSI confirm the upside trend in short as well as long run. 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. RBA has scheduled to release Monetary Policy Meeting Minutes due tomorrow. It may 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                                    –
R10.7799S10.7755
R20.7820S20.7690
R30.7878S30.7638
R40.7940S40.7590
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.78023Sell Below : 0.77556
– Take Profit : 0.78236– Take Profit : 0.77300
– Stop Loss : 0.77858– Stop Loss : 0.77834

Commentary : The euro continues to trade in stiff boundaries and stabilizes above $1.21 mark. The H1 chart confirms the bullish trend but on a Day Chart, the parity is still suggesting sideways movement for the time being. Key boundaries for the parity will be $1.2143 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                                    –
R11.2143S11.2100
R21.2170S21.2044
R31.2224S31.1961
R41.2262S41.1900
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.21469 Sell Below : 1.21118
– Take Profit : 1.21715  – Take Profit : 1.20842
– Stop Loss : 1.21222  – Stop Loss : 1.21474

Commentary : The pound soars and touches $1.3902 mark in early Asia, highest level since April 2018. Technical indicators like triple EMA and RSI confirm the bullish trend for the time being. The key range for the parity will be $1.3944 mark to $1.3845 mark. A successful close of either side on a H1 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                                     –
R11.3944S11.3845
R21.3967S21.3767
R31.4001S31.3738
R41.4040S41.3640
BUYSELL
  
Buy Above : 1.39452Sell Below : 1.38471
– Take Profit : 1.39989  – Take Profit : 1.38033
– Stop Loss : 1.38945  – Stop Loss : 1.38990

Commentary : The Canadian dollar trades marginally higher on Monday and remains well supported below 1.27 mark. A day chart and H1 chart confirm the bearish trend in short run. A sustained close below 1.2629 requires for the downside rally. Alternatively, reversal from here will drag the parity back above 1.2750 mark. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2730S11.2629
R21.2751S21.2600
R31.2783S31.2570
R41.2856S41.2526
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.27051Sell Below : 1.26583
– Take Profit : 1.27300  – Take Profit : 1.26328
– Stop Loss : 1.26776  – Stop Loss : 1.26886

Commentary : The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.17% to 90.33 points.
USD/JPY: The Japanese yen starts a new week on a negative note and jumps back above 105.00 mark. The pair signals the bullish trend on a Day as well as H1 chart via triple EMA and RSI. On H1 chart, immediate resistance is seen at 105.22 mark; a consistent close above requires for the upside rally. On the bottom side, a sustained break below 104.70 will test further supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1105.22S1104.70
R2105.68S2104.22
R3106.02S3103.60
R4106.50S4102.92
BUYSELL
Trade IdeaTrade Idea
Buy Above : 105.280Sell Below : 104.853
– Take Profit : 105.502  – Take Profit : 104.605
– Stop Loss : 105.044  – Stop Loss : 105.107

Commentary : Gold trades marginally lower on Monday and hovers around $1,820 mark. The pair made intraday high at $1,827 and low at $1,820 mark. As U.S. is having bank holiday for the day, gold will be less volatile. The key boundaries for the parity will be $1,832 to $1,815 mark. A consistent close of either side on H1 chart will only provide further direction to the parity. The Day as well as H1 chart suggesting the bearish trend for the time being.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11832S11815
R21840S21807
R31848S31798
R41854S41785
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1830.23Sell Below : 1817.58
– Take Profit : 1836.55  – Take Profit : 1809.29
– Stop Loss : 1824.81  – Stop Loss : 1826.05

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