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DAILY ANALYSIS REPORT MAY-14-2021

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Time Frame

H1

Commentary : The Aussie trades almost flat against U.S. dollar and hovers around $0.7722 mark. The pair made intraday high at $0.7733 and low at $0.7713 mark. A day chart is bullish but H1 chart confirms bearish trend for the time being. A sustained close above $0.7751 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7698 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7751S10.7698
R20.7780S20.7677
R30.7822S30.7640
R40.7855S40.7610
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7750Sell Below : 0.7706
– Take Profit : 0.7776– Take Profit : 0.7676
– Stop Loss : 0.7715– Stop Loss : 0.7740

Commentary : The euro trades marginally up on Friday ahead of ECB’s Monetary Policy Meeting Account results but stabilizes below $1.21 mark. Today pair made intraday high at $1.2088 and low at $1.2070. Today triple EMA on a day chart is bullish while H1 chart is confirming bearish Trend in short run. A consistent close above $1.2101 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2057 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                                    –
R11.2101S11.2057
R21.2150S21.2018
R31.2178S31.1990
R41.2206S41.1962
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2105 Sell Below : 1.2063
– Take Profit : 1.2140  – Take Profit : 1.2039
– Stop Loss : 1.2071  – Stop Loss : 1.2090

Commentary : The pound moves in rigid boundaries on Friday and hovers around $1.4050 mark. The pair made intraday high at $1.4054 and low at $1.4036 mark. Today a day chart is up but H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $1.4062 requires for the upside rally. Alternatively, a consistent close below $1.4018 will check further key supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4062S11.4018
R21.4096S21.4002
R31.4142S31.3985
R41.4170S41.3942
BUYSELL
  
Buy Above : 1.4067Sell Below : 1.4031
– Take Profit : 1.4101  – Take Profit : 1.4002
– Stop Loss : 1.4037  – Stop Loss : 1.4062

Commentary : The Canadian dollar fails to find support below 1.21 mark and currently trading around 1.2170 mark. Today pair made intraday high at 1.2179 and low at 1.2158 mark. A day chart is bearish but H1 chart with Triple EMA confirms bullish trend for the time being. A sustained close above 1.2189 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2148 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                                    –
R11.2189S11.2148
R21.2218S21.2100
R31.2250S31.2074
R41.2276S41.2038
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2189Sell Below : 1.2154
– Take Profit : 1.2220  – Take Profit : 1.2120
– Stop Loss : 1.2168  – Stop Loss : 1.2180

Commentary : The Japanese yen moves in stiff boundaries and remains well supported above 109.40 mark. The pair made intraday high at 109.65 and low at 109.40 mark. The triple EMA on a day chart and H1 chart suggests bullish trend for the time being. A sustained close above 109.72 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.40 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                                     –
R1109.72S1109.40
R2110.00S2109.22
R3110.22S3108.89
R4110.58S4108.67
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.72Sell Below : 109.38
– Take Profit : 109.96  – Take Profit : 109.10
– Stop Loss : 109.48  – Stop Loss : 109.70

Commentary : Gold starts a new Day on a positive note and jumps back above $1,830 mark. Today pair made intraday high at $1,832 and low $1,819 mark. A day chart and H1 chart is confirming bullish trend for the time being. A sustained close above $1,840 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,822 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11840S11822
R21847S21815
R31852S31808
R41856S41798
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1838Sell Below : 1822
– Take Profit : 1844  – Take Profit : 1815
– Stop Loss : 1830  – Stop Loss : 1830

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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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