DAILY ANALYSIS REPORT MAY-03-2021

Posted on
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Time Frame

H1

Commentary :  The Aussie trades marginally lower on Monday as Australia released some economic indicators with the flat numbers. The pair made intraday high at $0.7733 and low at $0.7712 mark. A day chart confirms up trend in long run while on H1 chart triple EMA is showing bearish movement in short run. A sustained close above $0.7740 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7702 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7740S10.7702
R20.7770S20.7677
R30.7790S30.7640
R40.7822S40.7618
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7740Sell Below : 0.7702
– Take Profit : 0.7770– Take Profit : 0.7677
– Stop Loss : 0.7710– Stop Loss : 0.7677

Commentary :  The euro depreciates against U.S. dollar and stabilizes above $1.20 mark. Today pair made intraday high at $1.2035 and low at $1.2016. Today triple EMA on a day chart is up while H1 chart confirms bearish trend for the time being. A consistent close above $1.2040 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2001 on H1 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2040S11.2001
R21.2097S21.1976
R31.2122S31.1948
R41.2148S41.1920
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2040 Sell Below : 1.2001
– Take Profit : 1.2072  – Take Profit : 1.1976
– Stop Loss : 1.2012  – Stop Loss : 1.1976

Commentary : The pound remains volatile on Monday and hovers around $1.38 mark. The pair made intraday high at $1.3835 and low at $1.3801 mark. Today a day chart is bullish while H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $1.3850 requires for the upside rally. Alternatively, a consistent close below $1.3790 will check further key supports.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.3850S11.3790
R21.3876S21.3762
R31.3908S31.3738
R41.3952S41.3710
BUYSELL
  
Buy Above : 1.3840Sell Below : 1.3787
– Take Profit : 1.3876  – Take Profit : 1.3762
– Stop Loss : 1.3800  – Stop Loss : 1.3822

Commentary : The Canadian dollar erases previous gain against U.S. dollar and jumps back above 1.23 mark. Today pair made intraday high at 1.2309 and low at 1.2269 mark. A day chart and H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2315 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2270 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                                    –
R11.2315S11.2270
R21.2343S21.2255
R31.2371S31.2210
R41.2392S41.2178
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2325Sell Below : 1.2285
– Take Profit : 1.2350  – Take Profit : 1.2255
– Stop Loss : 1.2300  – Stop Loss : 1.2315

Commentary :  The Japanese yen falls noticeably against U.S. dollar and hits lowest level since April 13, 2021. The pair made intraday high at 109.51 and low at 109.26 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 109.61 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.26 on H1 will check key supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1109.61S1109.26
R2109.90S2108.65
R3110.20S3108.40
R4110.72S4108.22
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.68Sell Below : 109.18
– Take Profit : 109.98  – Take Profit : 108.90
– Stop Loss : 109.26  – Stop Loss : 109.60

Commentary : Gold starts a new week on a positive note and touches $1,780 mark in Asian hours. Today pair made intraday high at $1,780 and low $1,766 mark. A day chart as well as H1 chart is confirming Up Trend for the time being. A sustained close above $1,789 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,764 will check further supports. Later today, U.S. will release Personal Income and Spending data.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11784S11762
R21789S21756
R31796S31752
R41805S41747
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1784Sell Below : 1768
– Take Profit : 1791  – Take Profit : 1762
– Stop Loss : 1776  – Stop Loss : 1780

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