DAILY ANALYSIS REPORT FEBRUARY-16-2021

Posted on
.

Time Frame

H1

Commentary : The Aussie strengthens remarkably against U.S. dollar after hawkish RBA’s Monetary Policy Meeting Minutes. The pair jumps back above $0.78 mark and hits highest level since Jan 07, 2021. Key technical tool triple EMA too confirms the bullish trend in short run. A sustained close above $0.78 on a Day chart is required for the upside rally. Alternatively, reversal from here will drag the parity down to test immediate supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7820S10.7778
R20.7878S20.7722
R30.7940S30.7690
R40.7967S40.7638
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.78123Sell Below : 0.77743
– Take Profit : 0.78339– Take Profit : 0.77487
– Stop Loss : 0.77931– Stop Loss : 0.78021

Commentary : The euro strengthens in early Asia ahead of German ZEW economic sentiment and Euro Zone’s quarterly GDP results. The pair made intraday high at $1.2150 and low at $1.2124 mark. Today the triple EMA is about to confirm the bullish trend on a Day chart while H1 chart has confirmed the uptrend in short run. The key boundaries for the parity will be $1.2170 to $1.2118 mark. A consistent break of either side on a day 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                                    –
R11.2170S11.2118
R21.2189S21.2044
R31.2224S31.1961
R41.2262S41.1900
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.21575 Sell Below : 1.21284
– Take Profit : 1.21731  – Take Profit : 1.21098
– Stop Loss : 1.21328  – Stop Loss : 1.21505

Commentary : The pound strengthens sharply on Tuesday and hits highest level since April 2018. The pair touches $1.3951 mark in early Asia. The U.K. has schedules to release its inflation and retail sales data this week, which will provide further direction to the parity. Technical indicators like triple EMA and RSI confirm the bullish trend for the time being. The key range for the parity will be $1.4032 mark to $1.3900 mark. A successful close of 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                                     –
R11.3967S11.3900
R21.4001S21.3845
R31.4032S31.3767
R41.4084S41.3738
BUYSELL
  
Buy Above : 1.39822Sell Below : 1.39108
– Take Profit : 1.40261  – Take Profit : 1.38609
– Stop Loss : 1.39315  – Stop Loss : 1.39760

Commentary : The Canadian dollar rises noticeably on Tuesday and touches 1.2610 mark in Asian hours. 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 1.2700 mark. The key range for the parity will be 1.2588 to 1.2650 mark.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)BelowMA
RSI (Period=26)Below  RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2650S11.2588
R21.2691S21.2546
R31.2730S31.2526
R41.2784S41.2482
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.26378Sell Below : 1.25903
– Take Profit : 1.26690  – Take Profit : 1.25648
– Stop Loss : 1.26060  – Stop Loss : 1.26206

Commentary : The Japanese yen weakens sharply in early Asia after BOJ Kuroda’s comments on monetary easing. The pair made intraday high at 105.53 and low at 105.26 mark. A consistent close above 105.50 will test further resistances. On the bottom side, key support is seen at 105.26 mark. A sustained break and close below it on H1 chart will drag the parity below 104.50 mark. Both RSI and triple EMA confirm the bullish trend for the time being.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1105.68S1105.26
R2106.02S2104.70
R3106.50S3104.22
R4106.78S4103.60
BUYSELL
Trade IdeaTrade Idea
Buy Above : 105.786Sell Below : 105.373
– Take Profit : 106.046  – Take Profit : 105.183
– Stop Loss : 105.492  – Stop Loss : 105.626

Commentary : Gold trade marginally higher on Tuesday and hovers around key resistance at $1,828 mark. Today a Day chart still confirms the bearish trend while on H1 chart, triple EMA is very nearer to successful crossover to signal the uptrend in short run. One has to wait for the few more candles to check the trend in H1 chart. A sustained close above $1,832 on a Day chart requires for the upside rally. Alternatively, reversal from key resistance will drag the parity down below $1,810 mark. Later in U.S. session, U.S. economic indicator 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                                     –
R11832S11815
R21840S21807
R31848S31798
R41854S41785
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1829.12Sell Below : 1822.23
– Take Profit : 1835.45  – Take Profit : 1812.08
– Stop Loss : 1822.23  – Stop Loss : 1825.69

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