DAILY ANALYSIS REPORT JANUARY-21-2021

Posted on
.

Time Frame

H1

Commentary : AUD/USD: The Aussie strengthens sharply after job data as it matches with the expectations only. The pair hovers around key resistance at $0.7778 mark, a sustained close above will check key resistances too. Alternatively, a sustained close below $0.7742 will check key supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7778S10.7742
R20.7797S20.7660
R30.7820S30.7590
R40.7854S40.7520
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77603Sell Below : 0.77603
– Take Profit : 0.77834– Take Profit : 0.77421
– Stop Loss : 0.77421– Stop Loss : 0.77834

Commentary : EUR/USD: The euro rises on Thursday ahead of ECB’s interest rate decision. Here, the EMA and RSI signal the upside trend for the time being. 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                                    –
R11.2150S11.2074
R21.2198S21.2022
R31.2232S31.1962
R41.2265S41.1911
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.21535 Sell Below : 1.21004
– Take Profit : 1.21951  – Take Profit : 1.20730
– Stop Loss : 1.21036  – Stop Loss : 1.21319

Commentary :  GBP/USD: The pound rises gradually against U.S. dollar and touches $1.3688 mark in Asian hours. The pair made intraday high at $1.3688 and low at $1.3645 mark. The key boundaries for the day will be $1.3705 and $1.3632 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                                     –
R11.3705S11.3632
R21.3720S21.3552
R31.3776S31.3490
R41.3802S41.3448
BUYSELL
  
Buy Above : 1.36992Sell Below : 1.36472
– Take Profit : 1.37185  – Take Profit : 1.36247
– Stop Loss : 1.36675  – Stop Loss : 1.36797

Commentary : USD/CAD: The Canadian dollar appreciated extremely after BoC’s interest rate decision. Today pair made intraday high at 1.2637 and low at 1.2611 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                                    –
R11.2640S11.2587
R21.2695S21.2558
R31.2736S31.2500
R41.2783S41.2476
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.26597Sell Below : 1.25970
– Take Profit : 1.27337  – Take Profit : 1.25727
– Stop Loss : 1.26127  – Stop Loss : 1.26329

Commentary :  USD/JPY: The Japanese yen appreciates sharply after BoJ’s interest rate decision and monetary policy statement. 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 103.28 will test key supports too.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below  MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1104.22S1103.28
R2104.90S2102.90
R3105.40S3102.45
R4105.94S4102.10
BUYSELL
Trade IdeaTrade Idea
Buy Above : 103.748Sell Below : 103.330
– Take Profit : 103.976  – Take Profit : 103.054
– Stop Loss : 103.468  – Stop Loss : 103.680

Commentary : XAU/USD (GOLD): Gold rose sharply on previous session and touches $1,874 mark on Thursday. The key ranges for the gold will be $1,876 – $1,863 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                                     –
R11876S11857
R21885S21848
R31894S31840
R41902S41832
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1878.83Sell Below : 1864.09
– Take Profit : 1891.75  – Take Profit : 1851.94
– Stop Loss : 1867.61  – Stop Loss : 1873.73

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