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DAILY ANALYSIS REPORT MAY-18-2021

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Time Frame

H1

Commentary : The Aussie rises on Tuesday after RBA’s Monetary Policy Meeting Minutes and touches $0.7797 mark in opening hours. The pair made intraday high at $0.7797 and low at $0.7757 mark. A day chart and H1 chart confirm bullish trend for the time being. A sustained close above $0.7809 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7750 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7809S10.7740
R20.7837S20.7722
R30.7862S30.7690
R40.7888S40.7662
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7798Sell Below : 0.7762
– Take Profit : 0.7825– Take Profit : 0.7732
– Stop Loss : 0.7776– Stop Loss : 0.7780

Commentary : The euro rises gradually against U.S. dollar ahead of EU’s flash GDP and trade balance data. Today pair made intraday high at $1.2169 and low at $1.2148. Today triple EMA on a day and H1 chart suggest bullish trend for the time being. A consistent close above $1.2167 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2148 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                                    –
R11.2178S11.2148
R21.2206S21.2100
R31.2240S31.2057
R41.2268S41.2018
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2182 Sell Below : 1.2150
– Take Profit : 1.2222  – Take Profit : 1.211
– Stop Loss : 1.2160  – Stop Loss : 1.2171

Commentary : The Sterling appreciates noticeably after U.K.’s Claimant Count Change Data. The released data showed that Jobless Claims have reduced sharply in U.K. and this make sterling strong against major peers. The pair made intraday high at $1.4183 and low at $1.4125 mark. A day chart as well as H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1.4190 on H1 chart will check key resistances. Alternatively, reversal from here will take the parity down below $1.4100 mark.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4202S11.4125
R21.4240S21.4086
R31.4272S31.4050
R41.4299S41.4022
BUYSELL
  
Buy Above : 1.4192Sell Below : 1.4152
– Take Profit : 1.4228  – Take Profit : 1.4122
– Stop Loss : 1.4164  – Stop Loss : 1.4185

Commentary : The Canadian dollar trades extremely higher on Tuesday and hits highest level since May 01, 2015. Today pair made intraday high at 1.2073 and low at 1.2028 mark. Today a day chart and H1 chart with Triple EMA confirms bearish trend for the time being. A sustained close above 1.2098 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2000 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                                    –
R11.2098S11.2002
R21.2140S21.1968
R31.2170S31.1940
R41.2190S41.1
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2062Sell Below : 1.2028
– Take Profit : 1.2098  – Take Profit : 1.1997
– Stop Loss : 1.2035  – Stop Loss : 1.2056

Commentary : The Japanese yen trades remains almost unchanged after lower than expected Prelim GDP results. The pair made intraday high at 109.28 and low at 109.10 mark. The triple EMA on a day chart is up while H1 chart suggests bearish trend for the time being. A sustained close above 109.30 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.99 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                                     –
R1109.30S1108.99
R2109.55S2108.68
R3109.76S3108.40
R4110.10S4108.15
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.30Sell Below : 108.99
– Take Profit : 109.55  – Take Profit : 108.72
– Stop Loss : 109.05  – Stop Loss : 109.27

Commentary : Gold remains volatile on Tuesday after comments from FOMC members’ speeches. Today pair made intraday high at $1,873 and low $1,865 mark. A day chart and H1 chart is confirming bullish trend for the time being. A sustained close above $1,872 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,862 will check further supports.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11872S11862
R21878S21857
R31884S31848
R41890S41840
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1876Sell Below : 1865
– Take Profit : 1884  – Take Profit : 1858
– Stop Loss : 1868  – Stop Loss : 1871

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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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