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DAILY ANALYSIS REPORT JUNE 01 2021

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Time Frame

H1

Commentary: The Aussie weakens immediately after RBA’s Cash Rate Decision. The pair made intraday high at $0.7768 and low at $0.7728 mark. A day chart and H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $0.7770 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7740 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7772S10.7728
R20.7790S20.7702
R30.7826S30.7677
R40.7854S40.7638
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7770Sell Below : 0.7720
– Take Profit : 0.7792– Take Profit : 0.7695
– Stop Loss : 0.7732– Stop Loss : 0.7758

Commentary: The euro rises gradually against U.S dollar and remains well supported above $1.22 mark. Today pair made intraday high at $1.2236 and low at $1.2223. Today triple EMA on a day chart and H1 chart suggest up trend for the time being. A consistent close above $1.2258 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2205 on H1 chart will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2258S11.2205
R21.2290S21.2176
R31.2323S31.2132
R41.2357S41.2100
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2240 Sell Below : 1.2199
– Take Profit : 1.2258  – Take Profit : 1.2174
– Stop Loss : 1.2210  – Stop Loss : 1.2231

Commentary: The Canadian dollar rises slightly on Tuesday and hovers around key support at 1.2040 mark. Today pair made intraday high at 1.2066 and low at 1.2046 mark. Today a day and H1 chart with Triple EMA confirms bearish trend for the time being. A sustained close above 1.2060 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2040 on H1 chart will check key supports too. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4267S11.4190
R21.4296S21.4170
R31.4322S31.4138
R41.4348S41.4115
BUYSELL
  
Buy Above : 1.4251Sell Below : 1.4197
– Take Profit : 1.4280  – Take Profit : 1.4171
– Stop Loss : 1.4215  – Stop Loss : 1.4240

Commentary :
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2060S11.2040
R21.2090S21.2015
R31.2126S31.2000
R41.2154S41.1973
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2066Sell Below : 1.2028
– Take Profit : 1.2095  – Take Profit : 1.2003
– Stop Loss : 1.2045  – Stop Loss : 1.2054

Commentary: The Japanese yen trades marginally higher on Tuesday on strong manufacturing PMI results. The pair made intraday high at 109.59 and low at 109.33 mark. The triple EMA on a day chart is up but H1 chart suggest bearish trend for the time being. A sustained close above 109.57 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.20 on H1 will check further key supports.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1109.57S1109.15
R2109.76S2108.82
R3110.22S3108.60
R4110.52S4108.36
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.60Sell Below : 109.28
– Take Profit : 109.87  – Take Profit : 109.00
– Stop Loss : 109.32  – Stop Loss : 109.54

Commentary: Gold appreciates on Tuesday and touches $1,914 mark in Asian hours. Today pair made intraday high at $1,914 and low $1,905 mark. A day chart and H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above $1,919 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,902 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11919S11902
R21924S21897
R31930S31891
R41937S41886
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1914Sell Below : 1905
– Take Profit : 1919  – Take Profit : 1899
– Stop Loss : 1907  – Stop Loss : 1912

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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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