DAILY ANALYSIS REPORT JANUARY-27-2021

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Time Frame

H1

Commentary : AUD/USD: Australian dollar shows up trend in Day Candle as well as H1 time frame. MA & RSI Confirms continuity of the trend, 0.7685 can be considered as a nice support if it doesn’t break, definitely it is going to give pull back from here. Wait for the entry point on either side break out level.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7762S10.7660
R20.7799S20.7590
R30.7820S30.7520
R40.7854S40.7500
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.77560Sell Below : 0.77242
– Take Profit : 0.77766– Take Profit : 0.77039
– Stop Loss : 0.77320– Stop Loss : 0.77493

Commentary : EUR/USD: The euro is confirming up trend on day candle as well as H1 Time frame. It also suggests that it has failed to give break out above the high of last seven trading sessions. Breaking it successfully will induce a new uptrend. On H1 time frame range is now narrowing down and it is being traded in the high volume zone marked on chart as a bluish grey box. Wait for the trigger price to enter a trade!
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2198S11.2128
R21.2232S21.2074
R31.2265S31.2040
R41.2309S41.2001
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.21753 Sell Below : 1.21410
– Take Profit : 1.21940  – Take Profit : 1.21137
– Stop Loss : 1.21503  – Stop Loss : 1.21716

Commentary :  GBP/USD: The British Pound also confirms up trend on day candle as well as H1 time frame. It has also shown range where new high is not created since last 5 trading sessions and being traded in high volume zone. Wait for the breakout for new uptrend or let it enter the high volume zone which will give a downward movement for the day!
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.3752S11.3674
R21.3776S21.3635
R31.3802S31.3600
R41.3844S41.3552
BUYSELL
  
Buy Above : 1.37547Sell Below : 1.37052
– Take Profit : 1.37893  – Take Profit : 1.36590
– Stop Loss : 1.37113  – Stop Loss : 1.37499

Commentary : USD/CAD: The Canadian dollar is being traded in strict range since last three days and looking for a direction, breaking up or down will result in big movement. H1 shows breaking 1.2685 will continue further downward movement. Breaking upward price at 1.275 may lead to 1.28. it is being traded in high volume zone!
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2783S11.2685
R21.2822S21.2630
R31.2848S31.2570
R41.2880S41.2537
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.27456Sell Below : 1.26883
– Take Profit : 1.27700  – Take Profit : 1.26506
– Stop Loss : 1.27179  – Stop Loss : 1.27300

Commentary :  USD/JPY: The Japanese yen is trading in narrow range on a day chart. On a day candle and H1 time frame, it is getting narrowing down and being traded between 50 Pips. Looking to H4 Chart we can have a better picture, suggest a bigger movement is due above 103.85 or below 103.50. Wait for the right breakout.
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 : 103.810Sell Below : 103.580
– Take Profit : 103.924  – Take Profit : 103.428
– Stop Loss : 103.654  – Stop Loss : 103.781

Commentary : XAU/USD (GOLD): Gold is being range bound and traded in between $1,840 – $1,860, which is also high volume zone. Currently RSI & MA confirms downtrend but for making a decisive trend it should break either $1,840 or $1,860 and must sustain till the day candle closes.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11862S11840
R21867S21832
R31872S31827
R41885S41815
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1851.32Sell Below : 1837.50
– Take Profit : 1861.84  – Take Profit : 1830.13
– Stop Loss : 1838.69  – Stop Loss : 1844.36

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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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