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DAILY ANALYSIS REPORT MAY 27 2021

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Time Frame

H1

Commentary : The Aussie erases previous gain against U.S. dollar and parity slips back below $0.7750 mark. Even Australia’s robust economic data released in early Asian hours fails to bring support to the AUD parity. The pair made intraday high at $0.7744 and low at $0.7723 mark. A day chart is bullish while H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $0.7750 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7720 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7750S10.7720
R20.7772S20.7690
R30.7790S30.7662
R40.7837S40.7637
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7750Sell Below : 0.7720
– Take Profit : 0.7772– Take Profit : 0.7697
– Stop Loss : 0.7728– Stop Loss : 0.7746

Commentary : The euro depreciated sharply in previous session and slips back below $1.2200 mark. The parity fails to break key resistance at $1.2262 mark. Today pair made intraday high at $1.2196 and low at $1.2175. Today triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A consistent close above $1.2205 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2164 on H1 chart will check further supports.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2205S11.2164
R21.2228S21.2132
R31.2262S31.2100
R41.2290S41.2072
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2205 Sell Below : 1.2165
– Take Profit : 1.2232  – Take Profit : 1.2138
– Stop Loss : 1.2175  – Stop Loss : 1.2195

Commentary : The Sterling trades almost flat on Thursday and stabilizes above key support at $1.4090 mark. The pair made intraday high at $1.4125 and low at $1.4090 mark. A day chart is up but H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1.4132 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4090 will check further supports.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4132S11.4090
R21.4158S21.4064
R31.4180S31.4040
R41.4211S41.4001
BUYSELL
  
Buy Above : 1.4132Sell Below : 1.4090
– Take Profit : 1.4157  – Take Profit : 1.4057
– Stop Loss : 1.4100  – Stop Loss : 1.4124

Commentary : The Canadian dollar depreciates on Thursday and jumps back above 1.2100 mark. Today pair made intraday high at 1.2142 and low at 1.2113 mark. Today a day chart is bearish but H1 chart with Triple EMA confirms up trend for the time being. A sustained close above 1.2140 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2100 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                                    –
R11.2140S11.2100
R21.2172S21.2073
R31.2204S31.2042
R41.2241S41.2015
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2140Sell Below : 1.2101
– Take Profit : 1.2165  – Take Profit : 1.2072
– Stop Loss : 1.2110  – Stop Loss : 1.2128

Commentary : The Japanese yen trades marginally higher on Thursday and hovers around 109.00 mark. The pair made intraday high at 109.20 and low at 109.04 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 109.30 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.58 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                                     –
R1109.30S1108.58
R2109.55S2108.40
R3109.76S3108.15
R4110.02S4107.87
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.30Sell Below : 108.88
– Take Profit : 109.57  – Take Profit : 108.57
– Stop Loss : 108.93  – Stop Loss : 109.20

Commentary : Gold remained volatile in previous session and moved in between $1,912 to $1,890 mark. Today pair made intraday high at $1,899 and low $1,892 mark. A day chart and H1 chart with triple EMA confirm the bullish trend for the time being. A sustained close above $1,902 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,892 will check further supports.
IndicatorsH1
TrendsDOWN Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11902S11892
R21909S21887
R31916S31881
R41922S41876
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1902Sell Below : 1892
– Take Profit : 1909  – Take Profit : 1886
– Stop Loss : 1894  – Stop Loss : 1900

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