DAILY ANALYSIS REPORT FEBRUARY-19-2021

Posted on
.

Time Frame

H1

Commentary : The Aussie remains almost unchanged after flat manufacturing as well as services PMI data. On a Day chart, RSI and triple EMA confirm the uptrend. While H1 chart too suggests the bullish trend as pair fails to find support below $0.7760 mark. A sustained close above $0.7774 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7749 will test key supports too.
IndicatorsH1
TrendsReversing Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7774S10.7735
R20.7820S20.7690
R30.7878S30.7638
R40.7940S40.7594
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77791Sell Below : 0.77466
– Take Profit : 0.78023– Take Profit : 0.77274
– Stop Loss : 0.77570– Stop Loss : 0.77674

Commentary : The euro exhibits range bound movement and touches $1.2098 mark in early Asia. The triple EMA confirms the uptrend on H1 chart while a Day Chart still not confirming exact trend for the day. Today from Euro Zone, manufacturing as well as services PMI data are scheduled to release. It may provide further directions to the parity. The key hurdles are seen at $1.2097 to $1.2080 mark. A sustaine close of either side on H1 chart will provide further path of the parity.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2097S11.2080
R21.2120S21.2020
R31.2170S31.1961
R41.2205S41.1900
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.21102 Sell Below : 1.20708
– Take Profit : 1.21295  – Take Profit : 1.20502
– Stop Loss : 1.20880  – Stop Loss : 1.20985

Commentary : The pound is one of the strongest currencies now – a – days. Today pair made intraday high at $1.3975 and low at $1.3951 mark. The Day and H1 chart confirm the bullish trend in short run. The expected range for the parity will be $1.4026 to $1.3856 mark. A consistent close of either side will give future directions to the parity. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4002S11.3951
R21.4026S21.3901
R31.4066S31.3856
R41.4098S41.3767
BUYSELL
  
Buy Above : 1.39917Sell Below : 1.39250
– Take Profit : 1.40359  – Take Profit : 1.38880
– Stop Loss : 1.39462  – Stop Loss : 1.39706

Commentary : The Canadian dollar trades marginally lower on Friday and jumps back above 1.27 mark. Triple EMA on H1 chart suggests the bullish trend while a Day candle still confirms the down trend in long run. A sustained close above 1.2730 on a H1 requires for the upside rally. Alternatively, reversal from here will drag the parity back below 1.2670 mark. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2730S11.2670
R21.2784S21.2648
R31.2816S31.2630
R41.2839S41.2588
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.27309Sell Below : 1.26706
– Take Profit : 1.27568  – Take Profit : 1.26486
– Stop Loss : 1.27020  – Stop Loss : 1.26948

Commentary : The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.02% to 90.61 points.
USD/JPY: The Japanese yen trades flat on Friday and broke key support at 105.70 mark. The Day chart with triple EMA still suggests the uptrend but on H1 chart bearish trend likely in short run. In addition, stiff movement is clearly visible on H1 chart from last 12 hours. The key hurdles for the parity will be 105.72 to 105.62 mark. A break of either side on H1 chart will give further direction to the parity. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1105.92S1105.62
R2106.38S2105.22
R3106.78S3104.80
R4107.23S4104.55
BUYSELL
Trade IdeaTrade Idea
Buy Above : 105.854Sell Below : 105.495
– Take Profit : 106.049  – Take Profit : 105.267
– Stop Loss : 105.636  – Stop Loss : 105.701

Commentary : Gold spikes down sharply in early Asia and touches $1,760 mark on robust key fundamentals for the U.S. The Day and H1 charts suggest the bearish trend for the time being. The expected range for the parity will be $1,778 to $1,748 mark. A sustained close of either side on a Day chart will provide further direction to the parity. The key events for the day will be Fed Monetary Policy Report and U.S. manufacturing PMI data. The outcome of it will provide further directions.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11778S11758
R21784S21752
R31792S31748
R41802S41740
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1771.10Sell Below : 1760.91
– Take Profit : 1779.45  – Take Profit : 1752.70
– Stop Loss : 1762.28  – Stop Loss : 1768.77

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