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DAILY ANALYSIS REPORT MAY-12-2021

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Time Frame

H1

Commentary: The Aussie weakens on Wednesday after building approvals results and slips back below $0.78 mark. The pair made intraday high at $0.7845 and low at $0.7785 mark. A day chart is bullish but H1 chart confirms down trend for the time being. A sustained close above $0.7855 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7785 will check further supports.  
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7855S10.7785
R20.7900S20.7764
R30.7927S30.7740
R40.7958S40.7722
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7846Sell Below : 0.7786
– Take Profit : 0.7875– Take Profit : 0.7755
– Stop Loss : 0.7810– Stop Loss : 0.7829

Commentary: The euro starts a new day on a lower note and remains well supported below $1.2150 mark. Today pair made intraday high at $1.2150 and low at $1.2115. Today triple EMA on a day chart is bullish while H1 chart is confirming bearish Trend. A consistent close above $1.2150 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2110 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                                    –
R11.2150S11.2102
R21.2178S21.2074
R31.2206S31.2040
R41.2248S41.2010
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2150 Sell Below : 1.2110
– Take Profit : 1.2180  – Take Profit : 1.2075
– Stop Loss : 1.2115  – Stop Loss : 1.2140

Commentary : The pound appreciates slightly after various key economic indicators from the U.K. and hovers around $1.4130 mark. The pair made intraday high at $1.4146 and low at $1.4107 mark. Today a day chart and H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above $1.4148 requires for the upside rally. Alternatively, a consistent close below $1.4108 will check further key supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4148S11.4100
R21.4176S21.4076
R31.4200S31.4040
R41.4224S41.4002
BUYSELL
  
Buy Above : 1.4150Sell Below : 1.4101
– Take Profit : 1.4182  – Take Profit : 1.4066
– Stop Loss : 1.4111  – Stop Loss : 1.4141

Commentary : The Canadian dollar trades almost flat against U.S. dollar and remains well supported above 1.2100 mark. Today pair made intraday high at 1.2132 and low at 1.2090 mark. A day chart and H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2131 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2082 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                                    –
R11.2131S11.2074
R21.2152S21.2038
R31.2193S31.2002
R41.2218S41.1980
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2132Sell Below : 1.2087
– Take Profit : 1.2154  – Take Profit : 1.2054
– Stop Loss : 1.2099  – Stop Loss : 1.2124

Commentary : The Japanese yen exhibits range bound movement and consolidates around 108.70 mark. The pair made intraday high at 108.90 and low at 108.55 mark. The triple EMA on a day chart is bullish while H1 chart is likely to give crossover for the uptrend confirmation. Here, have to wait for few times to decide the further path of the parity. A sustained close above 108.97 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.49 on H1 will check further key supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1109.05S1108.49
R2109.42S2108.33
R3109.65S3108.00
R4109.82S4107.68
BUYSELL
Trade IdeaTrade Idea
Buy Above : 108.95Sell Below : 108.60
– Take Profit : 109.18  – Take Profit : 108.38
– Stop Loss : 108.70  – Stop Loss : 108.90

Commentary :  Gold enjoys roller coaster movement ahead of U.S.’s inflation data and stabilizes around $1,830 mark. Today pair made intraday high at $1,837 and low $1,826 mark. A day chart is up but H1 chart is confirming slightly bearish trend for the time being. A sustained close above $1,843 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,826 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R10.64489S10.64489
R21.64489S21.64489
R32.64489S32.64489
R43.64489S43.64489
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.64489Sell Below : 0.64489
– Take Profit : 0.64489  – Take Profit : 0.64489
– Stop Loss : 0.64489  – Stop Loss : 0.64489

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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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