DAILY ANALYSIS REPORT JANUARY-20-2021

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Time Frame

H1

Commentary :  AUD/USD: The Aussie reverses previous loss against U.S. dollar and stabilizes back above $0.77 mark. The pair successfully breaks key resistance at $0.7722 mark, confirms the upside trend. Alternatively, a sustained close below $0.7660 will check key supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7772S10.7660
R20.7797S20.7590
R30.7820S30.7520
R40.7854S40.7436
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77322Sell Below : 0.76877
– Take Profit : 0.77589– Take Profit : 0.76633
– Stop Loss : 0.77027– Stop Loss : 0.77131

Commentary : EUR/USD: The euro trades marginally higher ahead of CPI data from the Euro zone. Here, the EMA signals the upside trend for the long run while RSI supports the upside trend for the short run. A sustained break below $1.2074 only will take the parity down towards key supports. Alternatively, a successful break above key resistance at $1.2150 will tests key resistances too.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2150S11.2067
R21.2198S21.2022
R31.2232S31.1962
R41.2265S41.1911
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.21703 Sell Below : 1.21186
– Take Profit : 1.22119  – Take Profit : 1.20888
– Stop Loss : 1.21231  – Stop Loss : 1.21561

Commentary :  GBP/USD: The pound strengthens gradually on Wednesday ahead of U.K. CPI, Core CPI data. The pair made intraday high at $1.3658 and low at $1.3622 mark. The key boundaries for the day will be $1.3659 and $1.3600 mark. A sustained close of either side on hourly 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                                     –
R11.3659S11.3552
R21.3720S21.3522
R31.3776S31.3490
R41.3802S41.3448
BUYSELL
  
Buy Above : 1.36742Sell Below : 1.36273
– Take Profit : 1.37099  – Take Profit : 1.35953
– Stop Loss : 1.36315  – Stop Loss : 1.36634

Commentary : USD/CAD: The Canadian dollar rises on Wednesday ahead of BoC’s interest rate decision. The pair made intraday high at 1.2737 and low at 1.2705 mark. The technical tools like RSI and EMA both confirm the downside trend for the time being.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2783S11.2709
R21.2812S21.2667
R31.2853S31.2625
R41.2906S41.2587
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.27512Sell Below : 1.26844
– Take Profit : 1.27803  – Take Profit : 1.26452
– Stop Loss : 1.27155  – Stop Loss : 1.27204

Commentary :  USD/JPY: The Japanese yen rises in Asian hours and slips back below 104.00 mark. A sustained close above 104.22 requires for the upside rally. Technical tool like RSI and EMA indicate downside trend for the time being. Alternatively, a consistent close below 103.68 will test key supports too.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1104.22S1103.52
R2104.90S2102.90
R3105.40S3102.45
R4105.94S4102.10
BUYSELL
Trade IdeaTrade Idea
Buy Above : 103.981Sell Below : 103.505
– Take Profit : 104.189  – Take Profit : 103.327
– Stop Loss : 103.754  – Stop Loss : 103.753

Commentary : XAU/USD (GOLD): Gold touches $1,851 mark in Asian hours ahead of Biden’s welcome speech due today. On a daily timeframe, 10D, 20D and 50D EMA confirms the bearish trend. The key ranges for the gold will be $1,855 – $1,840 mark. A sustained close of either side will give further direction to the parity.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11855S11840
R21862S21832
R31867S31827
R41876S41817
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1853.31Sell Below : 1841.73
– Take Profit : 1860.96  – Take Profit : 1834.78
– Stop Loss : 1846.86  – Stop Loss : 1850.04

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