DAILY ANALYSIS REPORT FEBRUARY-22-2021

Posted on
.

Time Frame

H1

Commentary : The Aussie spikes up sharply on Monday and hits highest level at $0.7908 mark since March 2018. On a Day as well as H1chart, RSI and triple EMA confirm the obvious bullish trend. A sustained close above $0.7913 on a Day chart requires for the upside rally. Alternatively, a consistent close below $0.7799 will test key supports too.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7913S10.7799
R20.7940S20.7735
R30.7988S30.7690
R40.8038S40.7638
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.79097Sell Below : 0.78528
– Take Profit : 0.79369– Take Profit : 0.78237
– Stop Loss : 0.78774– Stop Loss : 0.78838

Commentary : The euro trades marginally higher ahead of German’s IFO Business Climate data. The pair made intraday high at $1.2135 and low at $1.2112 mark. Triple EMA suggests bullish trend on H1 chart. The key boundaries for the parity will be $1.2097 to $1.2147 mark. A sustained close of either side on 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                                    –
R11.2147S11.2080
R21.2170S21.2020
R31.2205S31.1961
R41.2264S41.1900
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.21438 Sell Below : 1.21034
– Take Profit : 1.21631  – Take Profit : 1.20846
– Stop Loss : 1.21631  – Stop Loss : 1.21259

Commentary : The pound continues to trade higher and touches $1.4052 mark in early Asia. The country has started to drive down cases of the more infectious South African variant of coronavirus and will only emerge from lockdown in stages. In addition, U.K. Prime Minister Boris Johnson set out his plan to ease restrictions in England too. The faster than expected vaccine rollout is reducing transmission and a key factor to make sterling stronger currency. The Day and H1 chart confirm the bullish trend in short run. The expected range for the parity will be $1.4105 to $1.3951 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                                     –
R11.4066S11.3951
R21.4105S21.3901
R31.4138S31.3856
R41.4187S41.3767
BUYSELL
  
Buy Above : 1.40481Sell Below : 1.39841
– Take Profit : 1.40924  – Take Profit : 1.39543
– Stop Loss : 1.40026  – Stop Loss : 1.40206

Commentary : The Canadian dollar appreciates noticeably on Monday and touches 1.2580 mark. It is the strongest level since April 2018. The pair made intraday high at 1.2618 and low at 1.2580 mark. Triple EMA on H1 and a Day chart confirm the bearish trend. A sustained close above 1.2642 on a H1 requires for the upside rally. Alternatively, current downside movement will check further supports.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2642S11.2544
R21.2674S21.2527
R31.2730S31.2495
R41.2784S41.2411
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.26328Sell Below : 1.25859
– Take Profit : 1.26671  – Take Profit : 1.25575
– Stop Loss : 1.25973  – Stop Loss : 1.26173

Commentary : The Japanese yen starts a new week on a lower note as Japan’s SPPI data misses the expectations and pair touches 105.73 mark in Asian hours. On H1 Chart, triple EMA suggesting some downside pressure but on a Day Chart a visible bullish pattern has observed. A sustained close above 105.76 on H1 chart is required for the upside rally. Alternatively, reversal from here will take the parity down back below 105.40 mark.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1105.92S1105.37
R2106.38S2105.22
R3106.78S3104.80
R4107.23S4104.55
BUYSELL
Trade IdeaTrade Idea
Buy Above : 105.763Sell Below : 105.487
– Take Profit : 105.958  – Take Profit : 105.280
– Stop Loss : 105.546  – Stop Loss : 105.756

Commentary : Gold starts a new week on slightly positive note and remains well supported below $1,800 mark. The triple EMA on a Day chart still showing some downside pressure but in short run, the parity may give some upside correction. The key boundaries for the parity will be $1,792 to $1,775 mark. A sustained close of either side on a H1 chart will provide further direction to the parity. This week is full of Fundamental news and events from the U.S., the outcome of actual data will only provide future path of the parity. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11792S11775
R21798S21760
R31804S31752
R41815S41747
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1788.84Sell Below : 1778.74
– Take Profit : 1797.19  – Take Profit : 1772.21
– Stop Loss : 1780.02  – Stop Loss : 1786.57

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