DAILY ANALYSIS REPORT JANUARY-18-2021

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Time Frame

H1

Commentary: AUD/USD: The Aussie reverses previous gain and slips back below $0.77 mark. On a 60 – minute timeframe, a consistent close above $0.7799 requires for the upside rally. Alternatively, current downside trend will take the parity back below $0.7660 mark. The MA still supporting the upside trend in long run.
Indicators H1
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R1 0.7799 S1 0.7660
R2 0.7820 S2 0.7590
R3 0.7854 S3 0.7520
R4 0.7878 S4 0.7436
BUY SELL
Trade Idea Trade Idea
Buy Above : 0.77158 Sell Below : 0.76741
– Take Profit : 0.77549 – Take Profit : 0.76449
– Stop Loss : 0.76804 – Stop Loss : 0.77121

Commentary : EUR/USD: The euro weakens on Monday and stabilizing well below $1.2100 mark. The pair faces key hurdle at $1.2150 mark and sustained close above will tests key resistances too. On a daily time frame, both RSI and MA support the downside trend for the time being and consistent close below $1.2067 mark will check key supports.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2150S11.2067
R21.2198S21.2022
R31.2232S31.1962
R41.2265S41.1911
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.21089 Sell Below : 1.20569
– Take Profit : 1.21319  – Take Profit : 1.20166
– Stop Loss : 1.20524  – Stop Loss : 1.21038

Commentary : GBP/USD: The pound depreciates ahead of BOE governor Bailey’s speech. The likely trend for the parity will be bearish. The key boundaries for the day will be $1.3605 and $1.3552 mark. A sustained close of either side on hourly 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                                     –
R11.3605S11.3552
R21.3654S21.3522
R31.3720S31.3490
R41.3776S41.3448
BUYSELL
  
Buy Above : 1.36029Sell Below : 1.35446
– Take Profit : 1.36419  – Take Profit : 1.35140
– Stop Loss : 1.35669  – Stop Loss : 1.35918

Commentary : USD/CAD: The Canadian dollar exhibits range bound movement against U.S. dollar and stabilizes back above $1.2750 mark. The pair made intraday high at 1.2784 and low at 1.2725 mark. The technical tools like RSI confirms the upside trend but MA still signals the downside trend in long run.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2783S11.2709
R21.2812S21.2667
R31.2853S31.2625
R41.2906S41.2587
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.28043Sell Below : 1.27381
– Take Profit : 1.28342  – Take Profit : 1.27016
– Stop Loss : 1.27746  – Stop Loss : 1.27787

Commentary : USD/JPY: The Japanese yen starts a new week on upbeat note and hovers around 103.75 mark. A sustained close above 104.22 requires for the upside rally. Technical indicators like RSI, MA both indicate downside trend for the time being. Alternatively, a consistent close below 103.52 will test key supports too.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1104.22S1103.52
R2104.90S2102.90
R3105.40S3102.45
R4105.94S4102.10
BUYSELL
Trade IdeaTrade Idea
Buy Above : 103.874Sell Below : 103.607
– Take Profit : 104.057  – Take Profit : 103.420
– Stop Loss : 103.672  – Stop Loss : 103.823

Commentary : XAU/USD (GOLD): Gold spikes down in opening hours but recovers immediately from $1,802 mark. On a daily timeframe, 10D, 20D and 50D EMA confirms the bearish trend. The key ranges for the gold will be $1,840 – $1,802 mark. A sustained close of either side 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                                     –
R11840S11802
R21848S21794
R31857S31785
R41865 SS41776
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1843.98Sell Below : 1825.87
– Take Profit : 1850.75  – Take Profit : 1820.78
– Stop Loss : 1833.49  – Stop Loss : 1831.88

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