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DAILY ANALYSIS REPORT JUNE 07 2021

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Time Frame

H1

Commentary : The Aussie remains slightly volatile after AIG Services Index data released with flat numbers. The pair made intraday high at $0.7748 and low at $0.7730 mark. A day chart may give successful crossover for the bearish trend confirmation while H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $0.7772 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7715 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7772S10.7715
R20.7790S20.7680
R30.7826S30.7650
R40.7854S40.7618
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7755Sell Below : 0.7715
– Take Profit : 0.7785– Take Profit : 0.7682
– Stop Loss : 0.7728– Stop Loss : 0.7752

Commentary : The euro stars a new week on a positive note and stabilizes above $1.2150 mark. Today pair made intraday high at $1.2172 and low at $1.2160. Today triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A consistent close above $1.2190 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2150 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                                    –
R11.2190S11.2150
R21.2222S21.2122
R31.2248S31.2080
R41.2272S41.2062
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2190 Sell Below : 1.2152
– Take Profit : 1.2220  – Take Profit : 1.2120
– Stop Loss : 1.2162  – Stop Loss : 1.2181

Commentary : 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4172S11.4122
R21.4190S21.4078
R31.4224S31.4040
R41.4248S41.4010
BUYSELL
  
Buy Above : 1.4170Sell Below : 1.4128
– Take Profit : 1.4199  – Take Profit : 1.4098
– Stop Loss : 1.4139  – Stop Loss : 1.4167

Commentary : The Canadian dollar moves in rigid boundaries and hovers around 1.2080 mark. Today pair made intraday high at 1.2094 and low at 1.2069 mark. Today a day chart is bearish and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2105 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                                    –
R11.2105S11.2040
R21.2132S21.2015
R31.2148S31.2000
R41.2176S41.1978
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2096Sell Below : 1.2061
– Take Profit : 1.2125  – Take Profit : 1.2026
– Stop Loss : 1.2073  – Stop Loss : 1.2100

Commentary : The Japanese yen trades slightly higher on Monday and slips back below 110.00 mark. The pair made intraday high at 109.63 and low at 109.40 mark. The triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A sustained close above 109.85 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.42 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                                     –
R1109.85S1109.42
R2110.32S2109.15
R3110.78S3108.76
R4110.99S4108.32
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.85Sell Below : 109.38
– Take Profit : 110.22  – Take Profit : 109.05
– Stop Loss : 109.50  – Stop Loss : 109.76

Commentary : Gold falls gradually on Monday and stabilizes below $1,890 mark. Today pair made intraday high at $1,891 and low $1,884 mark. A day chart and H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1,894 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,877 will check further supports. Today the U.S. Calendar is empty and thus range bound volatility is expected in gold.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11894S11877
R21902S21872
R31907S31867
R41914S41861
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1894Sell Below : 1881
– Take Profit : 1899  – Take Profit : 1875
– Stop Loss : 1887  – Stop Loss : 1889

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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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