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DAILY ANALYSIS REPORT JUNE 03 2021

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Time Frame

H1

Commentary : The Aussie trades marginally lower as retail sales and trade balance data miss expectations. The pair made intraday high at $0.7753 and low at $0.7737 mark. A day chart is up but H1 chart with triple EMA confirms slightly bearish trend for the time being. A sustained close above $0.7763 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7720 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7763S10.7720
R20.7790S20.7702
R30.7826S30.7677
R40.7854S40.7638
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7772Sell Below : 0.7715
– Take Profit : 0.7800– Take Profit : 0.7682
– Stop Loss : 0.7738– Stop Loss : 0.7755

Commentary :The euro trades almost flat on Thursday ahead of ISM Services PMI data are scheduled form the euro area. Today pair made intraday high at $1.2214 and low at $1.2202. Today triple EMA on a day chart is up while H1 chart suggests bearish trend for the time being. A consistent close above $1.2222 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2190 on H1 chart will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2222S11.2190
R21.2258S21.2176
R31.2290S31.2132
R41.2323S41.2100
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2222 Sell Below : 1.2189
– Take Profit : 1.2247  – Take Profit : 1.2168
– Stop Loss : 1.2202  – Stop Loss : 1.2215

Commentary : The Sterling weakens against U.S. dollar and remains well supported below $1.4200 mark. Later today BOE Gov Bailey’s speech is scheduled too. The pair made intraday high at $1.4179 and low at $1.4164 mark. A day chart is bullish but H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.4178 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4157 will check further supports.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4178S11.4157
R21.4217S21.4115
R31.4250S31.4080
R41.4282S41.4047
BUYSELL
  
Buy Above : 1.4185Sell Below : 1.4152
– Take Profit : 1.4212  – Take Profit : 1.4122
– Stop Loss : 1.4157  – Stop Loss : 1.4180

Commentary :The Canadian dollar exhibits range bound movement and remains well supported above 1.2000 mark. Today pair made intraday high at 1.2044 and low at 1.2026 mark. Today a day chart as well as H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2050 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2030 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                                    –
R11.2050S11.2030
R21.2076S21.2006
R31.2090S31.1973
R41.2126S41.1944
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2052Sell Below : 1.2024
– Take Profit : 1.2076  – Take Profit : 1.200
– Stop Loss : 1.2032  – Stop Loss : 1.2050

Commentary : The Japanese yen falls gradually on Thursday and stabilizes above 109.50 mark. The pair made intraday high at 109.69 and low at 109.51 mark. The triple EMA on a day chart as well as H1 chart suggest bullish trend for the time being. A sustained close above 109.90 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.38 on H1 will check further key supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1109.76S1109.38
R2109.90S2108.82
R3110.22S3108.60
R4110.52S4108.36
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.76Sell Below : 109.38
– Take Profit : 110.04  – Take Profit : 109.11
– Stop Loss : 109.50  – Stop Loss : 109.68

Commentary :Gold depreciates on Thursday and hovers around key support at $1,902 mark. Today’s U.S. Session will remain important as U.S. will release ADP Job Results as well as ISM Services PMI data. Today pair made intraday high at $1,909 and low $1,903 mark. A day chart and H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1,910 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,898 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11910S11898
R21916S21891
R31922S31886
R41929S41880
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1909Sell Below : 1899
– Take Profit : 1916  – Take Profit : 1894
– Stop Loss : 1902  – Stop Loss : 1907

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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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