Gtag:

DAILY ANALYSIS REPORT JUNE 11 2021

Posted on
.

Time Frame

H1

Commentary : The Aussie rises gradually against U.S. dollar and remains well supported above $0.7750 mark. The pair made intraday high at $0.7757 and low at $0.7745 mark. A day chart as well as H1 chart with triple EMA confirms the 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 $0.7732 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7772S10.7720
R20.7799S20.7702
R30.7827S30.7680
R40.7868S40.7650
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7765Sell Below : 0.7728
– Take Profit : 0.7797– Take Profit : 0.7702
– Stop Loss : 0.7740– Stop Loss : 0.7760

Commentary :The euro starts a new day on a positive note and hovers around key resistances at $1.2190 mark. Today pair made intraday high at $1.2191 and low at $1.2167. Today triple EMA on a day chart and H1 chart suggests bullish trend for the time being. A consistent close above $1.2198 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2152 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                                    –
R11.2198S11.2152
R21.2224S21.2122
R31.2248S31.2100
R41.2276S41.2080
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2198 Sell Below : 1.2163
– Take Profit : 1.2222  – Take Profit : 1.2141
– Stop Loss : 1.2170  – Stop Loss : 1.2191

Commentary : The Sterling trades marginally higher ahead of key economic indicators from the U.K. and hovers around $1.4180 mark. The pair made intraday high at $1.4179 and low at $1.4157 mark. A day chart and H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above $1.4188 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4150 will check further supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4190S11.4150
R21.4224S21.4117
R31.4248S31.4087
R41.4276S41.4065
BUYSELL
  
Buy Above : 1.4190Sell Below : 1.4138
– Take Profit : 1.4227  – Take Profit : 1.4117
– Stop Loss : 1.4156  – Stop Loss : 1.4172

Commentary :The Canadian dollar rises slightly on Friday and slips back below 1.21 mark. Today pair made intraday high at 1.2098 and low at 1.2085 mark. Today a day chart 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 1.2062 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                                    –
R11.2105S11.2061
R21.2121S21.2038
R31.2148S31.2000
R41.2176S41.1982
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2105Sell Below : 1.2073
– Take Profit : 1.2128  – Take Profit : 1.2050
– Stop Loss : 1.2083  – Stop Loss : 1.2100

Commentary : The Japanese yen trades almost flat on Friday and stabilizes above 109.00 mark. The pair made intraday high at 109.45 and low at 109.30 mark. The triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A sustained close above 109.50 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                                     –
R1109.50S1109.20
R2109.70S2109.00
R3109.94S3108.76
R4110.32S4108.38
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.50Sell Below : 109.20
– Take Profit : 109.72  – Take Profit : 108.94
– Stop Loss : 109.28  – Stop Loss : 109.41

Commentary : Gold recovers previous loss against U.S. dollar after CPI, Core CPI data released yesterday with positive numbers but unemployment claims weekly data missed the expectations. Today gold trades slightly up and hovers around $1,900 mark. Today the pair made intraday high at $1,901 and low $1,897 mark. A day chart and H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1,904 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,892 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11904S11892
R21909S21886
R31914S31881
R41920S41876
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1903Sell Below : 1892
– Take Profit : 1909  – Take Profit : 1886
– Stop Loss : 1895  – Stop Loss : 1900

Download Report in PDF

We provide every solution to start your own

Tags
Disclamer:
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 FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts

Categories

Offices

305 Griffith Corporate Park, Beachmont Kingston, Saint Vincent & the Grenadines

Mail us

Drop mail at:
support@tpglobalfx.com

Contact us

Call or Whatsapp
+44 7441 416320

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

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

TP Global Services Limited is registered with NFA (National Futures Association) USA with Registration Number 0533098.

mappin at-sign phone close