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DAILY ANALYSIS REPORT JUNE 04 2021

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Time Frame

H1

Commentary : The Aussie weakens sharply and slips below $0.77 mark. The pair made intraday high at $0.7666 and low at $0.7649 mark. A day chart and H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $0.7677 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7638 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7677S10.7638
R20.7720S20.7602
R30.7751S30.7580
R40.7790S40.7547
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7682Sell Below : 0.7635
– Take Profit : 0.7712– Take Profit : 0.7608
– Stop Loss : 0.7645– Stop Loss : 0.7660

Commentary :The euro spikes down sharply and touches $1.2114 mark in early Asia. Today pair made intraday high at $1.2132 and low at $1.2114. Today triple EMA on a day chart is up while H1 chart suggests bearish trend for the time being. A consistent close above $1.2150 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2085 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                                    –
R11.2150S11.2085
R21.2172S21.2062
R31.2190S31.2038
R41.2222S41.2002
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2152 Sell Below : 1.2098
– Take Profit : 1.2176  – Take Profit : 1.2071
– Stop Loss : 1.2120  – Stop Loss : 1.2131

Commentary : The Sterling falls against U.S. dollar and stabilizes below $1.4100 mark. The pair made intraday high at $1.4112 and low at $1.4090 mark. A day chart is bullish but H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.4122 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4090 will check further supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4122S11.4078
R21.4140S21.4040
R31.4162S31.4010
R41.4190S41.3982
BUYSELL
  
Buy Above : 1.4124Sell Below : 1.4082
– Take Profit : 1.4148  – Take Profit : 1.4057
– Stop Loss : 1.4090  – Stop Loss : 1.4113

Commentary :The Canadian dollar trades marginally lower on Friday and jumps back above 1.21 mark. Today pair made intraday high at 1.2124 and low at 1.2102 mark. Today a day chart is bearish while H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2132 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2100 on H1 chart will check key supports too. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2132S11.2100
R21.2148S21.2078
R31.2176S31.2050
R41.2212S41.2015
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2132Sell Below : 1.2098
– Take Profit : 1.2155  – Take Profit : 1.2075
– Stop Loss : 1.2105  – Stop Loss : 1.2122

Commentary : The Japanese yen trades slightly higher as household spending data meets expectations. The pair made intraday high at 110.32 and low at 110.14 mark. The triple EMA on a day chart as well as H1 chart suggest bullish trend for the time being. A sustained close above 110.30 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.80 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                                     –
R1110.30S1109.80
R2110.52S2109.62
R3110.78S3109.40
R4110.99S4109.15
BUYSELL
Trade IdeaTrade Idea
Buy Above : 110.32Sell Below : 109.94
– Take Profit : 110.57  – Take Profit : 109.70
– Stop Loss : 110.10  – Stop Loss : 110.27

Commentary :Gold spiked down tremendously in previous session and today touches $1,856 mark in early Asian hours. Today pair made intraday high at $1,872 and low $1,856 mark. A day chart is bullish but H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $1,874 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,858 will check further supports. The key events will be U.S. Fed Chair Powell’s speech as well as U.S. NFP Job data. The actual data will give further direction to the parity. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11874S11856
R21882S21848
R31889S31842
R41896S41837
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1874Sell Below : 1865
– Take Profit : 1881  – Take Profit : 1858
– Stop Loss : 1866  – Stop Loss : 1872

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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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