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DAILY ANALYSIS REPORT MAY 25 2021

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Time Frame

H1

Commentary : The Aussie rises gradually against U.S. dollar and touches $0.7761 mark in opening hours. The pair made intraday high at $0.7761 and low at $0.7746 mark. A day chart and H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above $0.7772 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7740 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7772S10.7740
R20.7790S20.7715
R30.7837S30.7690
R40.7854S40.7662
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7772Sell Below : 0.7740
– Take Profit : 0.7795– Take Profit : 0.7718
– Stop Loss : 0.7748– Stop Loss : 0.776

Commentary :The euro rises remarkably against U.S. dollar ahead of German IFO business climate results and jumps back above $1.22 mark. Today pair made intraday high at $1.2231 and low at $1.2210. Today triple EMA on a day chart and H1 chart suggest 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 $1.2190 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                                    –
R11.2240S11.2190
R21.2287S21.2165
R31.2312S31.2138
R41.2338S41.2101
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2240 Sell Below : 1.2202
– Take Profit : 1.2272  – Take Profit : 1.2178
– Stop Loss : 1.2210  – Stop Loss : 1.2234

Commentary : The Sterling appreciates sharply against U.S. dollar and stabilizes around $1.4180 mark. Later today U.K.’s realized sales and MPC member Tenreyro’s speech may bring volatility in to the GBP parity. The pair made intraday high at $1.4185 and low at $1.4147 mark. A day chart as well as H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above $1.4187 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4146 will drag 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                                     –
R11.4187S11.4146
R21.4211S21.4112
R31.4254S31.4082
R41.4278S41.4040
BUYSELL
  
Buy Above : 1.4190Sell Below : 1.4155
– Take Profit : 1.4222  – Take Profit : 1.4122
– Stop Loss : 1.4165  – Stop Loss : 1.4181

Commentary : The Canadian dollar trades almost flat against U.S. dollar on Tuesday and remains well supported below 1.2050 mark. Today pair made intraday high at 1.2056 and low at 1.2039 mark. Today a day chart as well as H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2057 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2032 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                                    –
R11.2057S11.2032
R21.2090S21.2002
R31.2140S31.1978
R41.2172S41.1944
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2057Sell Below : 1.2032
– Take Profit : 1.2080  – Take Profit : 1.2006
– Stop Loss : 1.2038  – Stop Loss : 1.2050

Commentary : The Japanese yen continues to trade in rigid boundaries and remains well supported above 108.50 mark. The pair made intraday high at 108.86 and low at 108.68 mark. The triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A sustained close above 108.99 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.58 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                                     –
R1108.99S1108.58
R2109.30S2108.40
R3109.55S3108.15
R4109.76S4107.87
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.00Sell Below : 108.60
– Take Profit : 109.22  – Take Profit : 108.37
– Stop Loss : 108.75  – Stop Loss : 108.92

Commentary : Gold erases previous gain against U.S. dollar and stabilizes back below $1,880 mark. Today pair made intraday high at $1,881 and low $1,872 mark. A day chart is up but H1 chart is confirming slightly bearish trend for the time being. A sustained close above $1,882 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,872 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11882S11872
R21889S21867
R31896S31862
R41905S41855
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1882Sell Below : 1872
– Take Profit : 1888  – Take Profit : 1867
– Stop Loss : 1874  – Stop Loss : 1880

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