DAILY ANALYSIS REPORT FEBRUARY-26-2021

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Time Frame

H1

Commentary : The Aussie erases previous gain against U.S. dollar and touches $0.7823 mark is Asian hours. In previous session, pair jumped above $0.8000 mark but failed to find support above it. A day chart with triple EMA still suggests bullish trend in long run but on H1 chart, triple EMA confirms bearish trend for the time being. A sustained close above $0.7875 on H1 chart requires for the upside rally. Alternatively, current downside movement will check further supports too.
IndicatorsH1
TrendsDown Trend 
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7875S10.7822
R20.7940S20.7799
R30.7967S30.7767
R40.8056S40.7712
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.79004Sell Below : 0.78233
– Take Profit : 0.79250– Take Profit : 0.77937
– Stop Loss : 0.78740– Stop Loss : 0.78508

Commentary : The euro trades marginally lower on Friday and consolidates around $1.2150 mark. The pair made intraday high at $1.2183 and low at $1.2127 mark. The triple EMA on H1 suggests bearish trend, while a Day chart confirms the bullish trend in long run. The expected range for the parity will be $1.2190 to $1.2084 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                                    –
R11.2190S11.2122
R21.2242S21.2084
R31.2266S31.2020
R41.2323S41.1961
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.21841 Sell Below : 1.21364
– Take Profit : 1.22070  – Take Profit : 1.21059
– Stop Loss : 1.21619  – Stop Loss : 1.21749

Commentary : The sterling weakens sharply on Friday and hovers around $1.3950 mark in Asia hours. The H1 chart with triple EMA confirms the short term trend reversal while a Day chart suggests the bullish trend in long run. The key boundaries for the parity will be $1.39 to $1.4034 mark. A sustained close of either side on H1 chart requires for the further outlook of the parity.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4034S11.3900
R21.4086S21.3856
R31.4120S31.3815
R41.4168S41.3750
BUYSELL
  
Buy Above : 1.40496Sell Below : 1.39462
– Take Profit : 1.40906  – Take Profit : 1.39078
– Stop Loss : 1.39911  – Stop Loss : 1.39941

Commentary : The Canadian dollar falls drastically and breaks key resistance at 1.2610 mark in Asian hours. The pair made intraday high at 1.2649 and low at 1.2587 mark. A day chart still signals a bearish trend for a short run. While triple EMA on H1 suggests up trend for the time being. The expected range of the parity will be 1.2653 to 1.2570 mark. A sustained close of either side on H1 chart requires for the further trend confirmation.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2653S11.2570
R21.2684S21.2522
R31.2710S31.2490
R41.2751S41.2467
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.26827Sell Below : 1.25651
– Take Profit : 1.26644  – Take Profit : 1.25329
– Stop Loss : 1.25913  – Stop Loss : 1.26002

Commentary : The Japanese yen depreciates in early Asia despite robust industrial production and retail sales data. The day as well as H1 chart with triple EMA suggests bullish trend. A sustained close above 106.40 on H1 chart requires for the upside rally. Alternatively, a successful break below 105.70 will drag the parity back below 105.00 mark. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1106.40S1105.70
R2106.78S2105.22
R3107.22S3104.92
R4107.38S4104.55
BUYSELL
Trade IdeaTrade Idea
Buy Above : 106.304Sell Below : 105.873
– Take Profit : 106.597  – Take Profit : 105.583
– Stop Loss : 105.970  – Stop Loss : 106.188

Commentary : Gold weakens extremely and touches $1,765 mark during Asian time. Here a day as well as H1 chart suggests the down trend for the time being. A sustained close below $1,761 on H1 chart requires for the downside rally. Alternatively, reversal from here will take the parity back above $1,800 mark. An immediate resistance is seen at $1,787 mark. A consistent close above $1,787 on a day chart requires for the upside rally. Later today, U.S. has schedule to release many key economic indicators. This may bring high volatility and further direction to the parity.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11787S11761
R21794S21754
R31802S31747
R41808S41740
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1779.17Sell Below : 1762.10
– Take Profit : 1786.03  – Take Profit : 1757.25
– Stop Loss : 1769.56  – Stop Loss : 1769.80

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