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DAILY ANALYSIS REPORT JUNE 08 2021

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Time Frame

H1

Commentary : The Aussie trades marginally lower as NAB business confidence data misses expectations and currently hovers around $0.7750 mark. The pair made intraday high at $0.7763 and low at $0.7744 mark. A day chart and H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above $0.7764 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7730 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7764S10.7730
R20.7790S20.7702
R30.7826S30.7680
R40.7854S40.7650
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7765Sell Below : 0.7728
– Take Profit : 0.7787– Take Profit : 0.7705
– Stop Loss : 0.7738– Stop Loss : 0.7750

Commentary :The euro trades marginally lower on Tuesday ahead of German ZEW Economic Sentiment data. Today pair made intraday high at $1.2194 and low at $1.2177. Today triple EMA on a day chart and H1 chart suggest up trend for the time being. A consistent close above $1.2199 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                                    –
R11.2199S11.2150
R21.2222S21.2122
R31.2248S31.2080
R41.2272S41.2062
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2195 Sell Below : 1.2158
– Take Profit : 1.2222  – Take Profit : 1.2131
– Stop Loss : 1.2172  – Stop Loss : 1.2189

Commentary : The Sterling remained highly volatile since yesterday and stabilizes around $1.4150 mark. The pair made intraday high at $1.4184 and low at $1.4156 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $1.4190 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4110 will check further supports.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4190S11.4110
R21.4224S21.4078
R31.4248S31.4040
R41.4287S41.4010
BUYSELL
  
Buy Above : 1.4190Sell Below : 1.4135
– Take Profit : 1.4225  – Take Profit : 1.4110
– Stop Loss : 1.4150  – Stop Loss : 1.4163

Commentary :The Canadian dollar trades almost flat on Tuesday ahead of Trade balance data. Today pair made intraday high at 1.2090 and low at 1.2077 mark. Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above 1.2095 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2070 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                                    –
R11.2095S11.2070
R21.2132S21.2040
R31.2148S31.2015
R41.2176S41.2000
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2095Sell Below : 1.2060
– Take Profit : 1.2121  – Take Profit : 1.2034
– Stop Loss : 1.2065  – Stop Loss : 1.2090

Commentary : 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1109.64S1109.15
R2109.85S2108.76
R3110.32S3108.32
R4110.78S4107.98
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.50Sell Below : 109.11
– Take Profit : 109.76  – Take Profit : 108.76
– Stop Loss : 109.18  – Stop Loss : 109.55

Commentary :Gold starts a new day on a positive note and touches $1,903 mark in Asian hours. Today pair made intraday high at $1,903 and low $1,895 mark. A day chart and H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1,902 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,892 will check further supports. Traders eye U.S. trade balance data for the further direction of the gold.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11904S11892
R21909S21887
R31916S31881
R41922S41874
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1903Sell Below : 1891
– Take Profit : 1909  – Take Profit : 1885
– Stop Loss : 1894  – Stop Loss : 1899

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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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