DAILY ANALYSIS REPORT FEBRUARY-25-2021

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Time Frame

H1

Commentary : The Aussie rises noticeably on robust private capital expenditure results and touches $0.7978 mark in early Asian hours. Technical tools like triple EMA and RSI clearly confirm the bullish trend for the time being. A sustained close above $0.7975 on H1 chart requires for the upside rally. Alternatively, a consistent break below $0.7940 will test key supports too.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7975S10.7940
R20.8002S20.7889
R30.8038S30.7842
R40.8056S40.7799
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.79893Sell Below : 0.79443
– Take Profit : 0.80168– Take Profit : 0.79147
– Stop Loss : 0.79559– Stop Loss : 0.79737

Commentary : The euro strengthens on Thursday and remains well supported above $1.2150 mark. The pair made intraday high at $1.2177 and low at $1.2155 mark. The triple EMA on H1 and a Day chart confirm the bullish trend only. The expected range for the parity will be $1.2205 to $1.2122 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                                    –
R11.2205S11.2122
R21.2264S21.2090
R31.2323S31.2020
R41.2352S41.1961
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.21879 Sell Below : 1.21413
– Take Profit : 1.22108  – Take Profit : 1.21149
– Stop Loss : 1.21657  – Stop Loss : 1.21700

Commentary : The sterling spiked up in previous session and touched $1.4240 mark. Today pair remains well supported below $1.42 mark. The recovery from the covid infections and relieve from partial lockdown is the key reasons for the strong sterling. The day as well as H1 chart confirms the bullish trend for the time being. A sustained close above $1.4191 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1.4090 will test further supports too.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4191S11.4127
R21.4240S21.4091
R31.4284S31.4064
R41.4328S41.4001
BUYSELL
  
Buy Above : 1.41696Sell Below : 1.40977
– Take Profit : 1.42106  – Take Profit : 1.40520
– Stop Loss : 1.41111  – Stop Loss : 1.41422

Commentary : The Canadian dollar appreciates drastically and hits highest level since Feb 2018. The pair made intraday high at 1.2521 and low at 1.2500 mark. Both RSI and triple EMA confirm the bearish trend for the time being. The expected range of the parity will be 1.2397 to 1.2584 mark. A sustained close below 1.25 on a day chart requires for the downside rally. Alternatively, reversal from here will take the parity back above 1.2610 mark.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below  RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2522S11.2495
R21.2568S21.2472
R31.2610S31.2424
R41.2640S41.2397
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.25320Sell Below : 1.24894
– Take Profit : 1.25660  – Take Profit : 1.24573
– Stop Loss : 1.24988  – Stop Loss : 1.25245

Commentary : The Japanese yen weakens sharply on Thursday and touches 106.13 mark in Asian hours. The day as well as H1 chart with triple EMA suggests bullish trend. The expected range of the parity will be 106.55 to 105.70 mark. A sustained close of either side on H1 chart requires for the further direction. An immediate resistance is seen at 106.12 mark. A consistent close above on H1 chart requires for the upside rally.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1106.12S1105.70
R2106.38S2105.22
R3106.78S3104.92
R4107.22S4104.55
BUYSELL
Trade IdeaTrade Idea
Buy Above : 106.173Sell Below : 105.761
– Take Profit : 106.370  – Take Profit : 105.471
– Stop Loss : 105.966  – Stop Loss : 106.076

Commentary : Gold remained highly volatile as yesterday was the final day of Powell’s
Testimony. There was nothing new to surprise the traders but Powell repeated his previous forecasts and expectations regarding the U.S. economy. The pair made intraday high at $1,805 and low at $1,793 mark. On H1 and a day chart, parity confirms the bearish trend. A sustained close above $1,808 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,794 will check further supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11808S11794
R21815S21787
R31822S31778
R41827S41760
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1805.20Sell Below : 1792.36
– Take Profit : 1812.05  – Take Profit : 1785.78
– Stop Loss : 1795.59  – Stop Loss : 1800.06

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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

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