DAILY ANALYSIS REPORT JANUARY-26-2021

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Time Frame

H1

Commentary :  AUD/USD: Australian Dollar is showing up trend on day candle and on H1 Chart it is below moving average (75) and RSI is also below level 50. Wait for the break out and enter the trade.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7762S10.7660
R20.7799S20.7590
R30.7820S30.7520
R40.7854S40.7500
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77207Sell Below : 0.76952
– Take Profit : 0.77413– Take Profit : 0.76732
– Stop Loss : 0.76967– Stop Loss : 0.77210

Commentary : EUR/USD: Euro is showing up trend on day candle and on H1 Chart it is below moving average (75) and RSI is also below level 50. It is further confirming that 1.2115 is a key support if is not broken it will further give pull back and come back in high volume zone and can give upward movement. Wait for the break out and enter the trade.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2198S11.2128
R21.2232S21.2074
R31.2265S31.2040
R41.2309S41.2001
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.21515 Sell Below : 1.21131
– Take Profit : 1.21902  – Take Profit : 1.20859
– Stop Loss : 1.21323  – Stop Loss : 1.21485

Commentary :  GBP/USD: Pound on higher time frame shows up trend but also confirming divergence with RSI meaning it may break into a down trend for confirm down trend please wait for 1.3640. H1 shows and confirm intraday down trend in alternative scenario please wait for the break out above 1.3680. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.3745S11.3635
R21.3776S21.3600
R31.3802S31.3552
R41.3844S41.3490
BUYSELL
  
Buy Above : 1.36900Sell Below : 1.36498
– Take Profit : 1.37181  – Take Profit : 1.36122
– Stop Loss : 1.36513  – Stop Loss : 1.36867

Commentary : USD/CAD: Canadian Dollar has broken a pattern and full day candle is on uptrend. It may further continue uptrend. Upper Resistance level is 1.2800. For alternative scenario wait for 1.2730 to break for entering sell trade.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2783S11.2672
R21.2822S21.2630
R31.2848S31.2570
R41.2880S41.2537
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.27764Sell Below : 1.27329
– Take Profit : 1.28062  – Take Profit : 1.26952
– Stop Loss : 1.28062  – Stop Loss : 1.27746

Commentary : USD/JPY: Japanese yen shows a narrow range movement on day chart. Trend is down but it is currently moving around moving average (75) but RSI is below 50 level and this may continue down site movement. On H1 Chart for intraday trading price is in between the high volume zone may suggest that it can be a range bound for 50 Pips. Wait for the break out to enter the right trend and also lookout carefully for profit booking.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below  RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1104.22 S1103.28
R2104.90S2102.90
R3105.40S3102.45
R4105.94S4102.10
BUYSELL
Trade IdeaTrade Idea
Buy Above : 103.815Sell Below : 103.652
– Take Profit : 103.920  – Take Profit : 103.506
– Stop Loss : 103.659  – Stop Loss : 103.859

Commentary : XAU/USD (GOLD): Gold is moving in very narrow range in term of long term trend and looming for a reason to break for big movement. Above $1,870 it may reverse the trend and can move again in upward direction. Breaking $1,840 and settling there for the day will create new down trend for higher time frame. For Intraday trading, check out the levels and wait for the breakout. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11862S11848
R21867S21840
R31872S31832
R41885S41820
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1862.79Sell Below : 1848.62
– Take Profit : 1873.32  – Take Profit : 1840.39
– Stop Loss : 1850.17  – Stop Loss : 1861.57

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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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