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DAILY ANALYSIS REPORT MAY-21-2021

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Time Frame

H1

Commentary : The Aussie trades marginally lower as Australia released Flash Manufacturing and Services PMI data with flat numbers. The pair made intraday high at $0.7778 and low at $0.7753 mark. A day chart suggests bullish trend while H1 chart confirms bearish trend for the time being. A sustained close above $0.7790 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7740 will check further supports.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7790S10.7740
R20.7822S20.7715
R30.7854S30.7690
R40.7877S40.7662
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7782Sell Below : 0.7740
– Take Profit : 0.7812– Take Profit : 0.7710
– Stop Loss : 0.7752– Stop Loss : 0.7775

Commentary : The euro rises gradually against U.S. dollar and stabilizes above $1.2200 mark. Today pair made intraday high at $1.2239 and low at $1.2220. Today triple EMA on a day and H1 chart suggests bullish trend for the time being. A consistent close above $1.2240 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2199 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                                    –
R11.2240S11.2199
R21.2287S21.2170
R31.2315S31.2138
R41.2347S41.2101
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2245 Sell Below : 1.2206
– Take Profit : 1.2275  – Take Profit : 1.2177
– Stop Loss : 1.2218  – Stop Loss : 1.2232

Commentary : The trades almost flat on Friday and stabilizes around $1.42 mark. The pair made intraday high at $1.4199 and low at $1.4169 mark. A day chart as well as H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above $1.4211 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                                     –
R11.4211S11.4150
R21.4227S21.4112
R31.4254S31.4082
R41.4287S41.4040
BUYSELL
  
Buy Above : 1.4211Sell Below : 1.4168
– Take Profit : 1.4240  – Take Profit : 1.4140
– Stop Loss : 0.64489  – Stop Loss : 1.4200

Commentary : The Canadian dollar fails to find support below 1.2050 mark and enjoys roller coaster movement against U.S. dollar. Today pair made intraday high at 1.2086 and low at 1.2053 mark. Today a day chart as well as H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2090 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2050 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                                    –
R11.2090S11.2048
R21.2140S21.2026
R31.2172S31.2002
R41.2198S41.1978
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.209Sell Below : 1.2048
– Take Profit : 1.2122  – Take Profit : 1.2020
– Stop Loss : 1.2060  – Stop Loss : 1.2075

Commentary : The Japanese yen rises sharply after robust National Core CPI results and remains well supported below 109.00 mark. The pair made intraday high at 108.89 and low at 108.73 mark. The triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A sustained close above 108.90 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.60 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                                     –
R1109.30S1108.58
R2109.55S2108.40
R3109.76S3108.15
R4110.10S4107.87
BUYSELL
Trade IdeaTrade Idea
Buy Above : 108.90Sell Below : 108.60
– Take Profit : 109.20  – Take Profit : 108.33
– Stop Loss : 108.72  – Stop Loss : 108.80

Commentary : Gold trades marginally lower ahead of U.S.’s Flash PMI data and stabilizes above $1,870 mark. Today pair made intraday high at $1,878 and low $1,870 mark. A day chart and H1 chart is confirming up trend for the time being. A sustained close above $1,878 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,855 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11878S11868
R21884S21862
R31889S31855
R41896S41848
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1878Sell Below : 1868
– Take Profit : 1885  – Take Profit : 1858
– Stop Loss : 1870  – Stop Loss : 1876

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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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