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DAILY ANALYSIS REPORT MAY-19-2021

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Time Frame

H1

Commentary : The Aussie remains volatile on Wednesday and stabilizes below $0.78 mark. The pair made intraday high at $0.7797 and low at $0.7778 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 $0.7770 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 : 0.7811Sell Below : 0.777
– Take Profit : 0.7842– Take Profit : 0.7742
– Stop Loss : 0.7785– Stop Loss : 0.7802

Commentary :
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2265S11.2200
R21.2296S21.2165
R31.2322S31.2138
R41.2343S41.2101
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2251 Sell Below : 1.2205
– Take Profit : 1.2280  – Take Profit : 1.2167
– Stop Loss : 1.2220  – Stop Loss : 1.2230

Commentary : The Sterling remains almost unchanged against U.S. dollar and stabilizes back below $1.4200 mark. The pair made intraday high at $1.4200 and low at $1.4178 mark. A day chart as well as H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1.4200 on H1 chart will check key resistances. Alternatively, reversal from here will take the parity down below $1.4150 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 : 1.4200Sell Below : 1.4157
– Take Profit : 1.4238  – Take Profit : 1.4121
– Stop Loss : 1.4166  – Stop Loss : 1.4181

Commentary :The Canadian dollar erases previous gain against U.S. dollar and remains well supported above 1.2050 mark. Today pair made intraday high at 1.2080 and low at 1.2056 mark. Today a day chart and H1 chart with Triple EMA confirms bearish trend for the time being. A sustained close above 1.2078 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2048 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                                    –
R11.2078S11.2048
R21.2198S21.2002
R31.2140S31.1968
R41.2170S41.1940
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2078Sell Below : 1.2052
– Take Profit : 1.2115  – Take Profit : 1.2025
– Stop Loss : 1.2061  – Stop Loss : 1.2080

Commentary : The Japanese yen trades marginally lower on Wednesday and hovers around 109.00 mark. The pair made intraday high at 109.07 and low at 108.82 mark. The triple EMA on a day chart is up while H1 chart suggests bearish trend for the time being. A sustained close above 109.12 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.85 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                                     –
R1109.30S1108.85
R2109.55S2108.68
R3109.76S3108.40
R4110.10S4108.15
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.12Sell Below : 108.79
– Take Profit : 109.40  – Take Profit : 108.55
– Stop Loss : 108.84  – Stop Loss : 109.06

Commentary : Gold trades marginally lower on Wednesday and stabilizes well below $1,875 mark. Today pair made intraday high at $1,874 and low $1,864 mark. A day chart and H1 chart is confirming bullish trend for the time being. A sustained close above $1,875 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                                     –
R11874S11862
R21878S21857
R31884S31848
R41890S41840
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1875Sell Below : 1862
– Take Profit : 1882  – Take Profit : 1854
– Stop Loss : 1867  – Stop Loss : 1870

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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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