DAILY ANALYSIS REPORT FEBRUARY-18-2021

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Time Frame

H1

Commentary : The Aussie depreciates noticeably after Australia’s employment change data released with flat numbers only. Important to note here that Australia’s unemployment rate falls sharply, which is positive indication for the AUD. A Day chart still confirms the uptrend in long run but triple EMA on H1 chart suggesting down trend for the time being. A sustained close above $0.7761 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7735 will test key supports too. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7767S10.7735
R20.7820S20.7690
R30.7878S30.7638
R40.7940S40.7594
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77740Sell Below : 0.77340
– Take Profit : 0.77972– Take Profit : 0.77145
– Stop Loss : 0.77519– Stop Loss : 0.77573

Commentary : The euro trades flat on Thursday and stabilizes below $1.2050 mark. On H1 and a Day chart, triple EMA confirms the bearish trend for the time being. The expected range for the parity will be $1.2048 to $1.2020 mark. A consistent close of either side on a H1 chart will provide further directions to the parity.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2048S11.2020
R21.2120S21.1961
R31.2170S31.1900
R41.2205S41.1852
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.20701 Sell Below : 1.20248
– Take Profit : 1.20898  – Take Profit : 1.20042
– Stop Loss : 1.20480  – Stop Loss : 1.20525

Commentary : The pound erases previous gain against U.S. dollar and currently hovers around $1.3850 mark. The pair made intraday high at $1.3877 and low at $1.3846 mark. On H1 chart, triple EMA confirms the bearish trend but on a Day chart, trend is likely to be up only. A sustained close above $1.3870 on H1 chart requires for the upside rally. Alternatively, current downside trend will drag the parity back below $1.3800 mark. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.3870S11.3845
R21.3902S21.3800
R31.3951S31.3767
R41.4002S41.3738
BUYSELL
  
Buy Above : 1.38869Sell Below : 1.38159
– Take Profit : 1.39283  – Take Profit : 1.37789
– Stop Loss : 1.38403  – Stop Loss : 1.38615

Commentary : The Canadian dollar exhibits range bound movement and consolidates around 1.2700 mark. A day chart confirms the bearish trend in long run but H1 chart suggest uptrend for the time being. A sustained close below 1.2690 on a H1 requires for the downside rally. Alternatively, reversal from here will drag the parity back above 1.2730 mark. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2730S11.2690
R21.2784S21.2677
R31.2816S31.2630
R41.2839S41.2588
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.27334Sell Below : 1.26837
– Take Profit : 1.27593  – Take Profit : 1.26578
– Stop Loss : 1.27045  – Stop Loss : 1.27108

Commentary : The Japanese yen remains slightly volatile against U.S. dollar and stabilizes below 106.00 mark. Triple EMA has confirmed bullish trend on a Day as well as H1 chart. A sustained close above 106.03 on H1 chart requires for the upside rally. The key boundaries for the parity will be 106.38 to 105.70 mark. A sustained break and 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                                     –
R1106.03S1105.70
R2106.38S2105.22
R3106.78S3104.80
R4107.23S4104.55
BUYSELL
Trade IdeaTrade Idea
Buy Above : 106.019Sell Below : 105.631
– Take Profit : 106.247  – Take Profit : 105.372
– Stop Loss : 105.789  – Stop Loss : 105.837

Commentary : Gold weakens drastically in previous session and touched $1,769 mark. Today, pair recovers slightly and manages to find support around $1,780 mark. The pair made intraday high at $1,785 and low at $1,775 mark. The Day and H1 charts suggest the bearish trend for the time being. The expected range for the parity will be $1,794 to $1,772 mark. A sustained close of either side on 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                                     –
R11802S11772
R21808S21764
R31817S31758
R41828S41748
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1790.93Sell Below : 1777.31
– Take Profit : 1799.14  – Take Profit : 1769.10
– Stop Loss : 1782.84  – Stop Loss : 1785.17

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