English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
SpanishDAILY ANALYSIS REPORT APRIL-12-2021
AUD / USD
| Commentary : The Aussie trades marginally lower on Monday and consolidates around $0.7600 mark. The pair made intraday high at $0.7628 and low at $0.7594 mark. Today triple EMA with a day chart and H1 chart confirms slightly down trend for the time being. A sustained close above $0.7640 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7590 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7640 | S1 | 0.7590 |
| R2 | 0.7672 | S2 | 0.7540 |
| R3 | 0.7690 | S3 | 0.7522 |
| R4 | 0.7740 | S4 | 0.7488 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7640 | Sell Below : 0.7580 | ||
| – Take Profit : 0.7672 | – Take Profit : 0.7555 | ||
| – Stop Loss : 0.7590 | – Stop Loss : 0.7620 | ||
EUR / USD
| Commentary : The euro falls gradually against U.S. dollar and slips back below $1.1900 mark. The pair made intraday high at $1.1904 and low at $1.1884. Today triple EMA on a day chart suggest bearish trend while H1 chart signal slightly up trend for the time being. A consistent close above $1.1922 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1876 on H1 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.1922 | S1 | 1.1876 |
| R2 | 1.1940 | S2 | 1.1840 |
| R3 | 1.1962 | S3 | 1.1828 |
| R4 | 1.2004 | S4 | 1.1790 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1922 | Sell Below : 1.1890 | ||
| – Take Profit : 1.1950 | – Take Profit : 1.1840 | ||
| – Stop Loss : 1.1890 | – Stop Loss : 1.1910 | ||
GBP / USD
| Commentary : The pound depreciates noticeably on Monday and touches $1.3668 mark in Asian hours. It is the lowest level since Feb 05, 2021. The pair made intraday high at $1.3713 and low at $1.3668 mark. A day chart and H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1.3710 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1.3665 will check key supports too. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3710 | S1 | 1.3665 |
| R2 | 1.3750 | S2 | 1.3648 |
| R3 | 1.3789 | S3 | 1.3622 |
| R4 | 1.3840 | S4 | 1.3585 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.3715 | Sell Below : 1.3660 | ||
| – Take Profit : 1.3740 | – Take Profit : 1.3640 | ||
| – Stop Loss : 1.3680 | – Stop Loss : 1.3710 | ||
USD / CAD
| Commentary : The Canadian dollar starts a new week on a lower note ahead of BOC’s business outlook survey and hovers around 1.2550 mark in Asian hours. A day chart and H1 Chart confirm bearish trend for the time being. A sustained close above 1.2580 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2520 will check key supports too. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2580 | S1 | 1.2520 |
| R2 | 1.2610 | S2 | 1.2500 |
| R3 | 1.2640 | S3 | 1.2468 |
| R4 | 1.2690 | S4 | 1.2450 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2580 | Sell Below : 1.2520 | ||
| – Take Profit : 1.2610 | – Take Profit : 1.2500 | ||
| – Stop Loss : 1.2550 | – Stop Loss : 1.2550 | ||
USD / JPY
| Commentary : The Japanese yen strengthens in early Asia on robust PPI results. The pair made intraday high at 109.77 and low at 109.47 mark. The triple EMA on a day chart and H1 chart confirm up trend for the time being. Important to note here that, H1 chart likely to give successful crossover for the bearish trend confirmation. A sustained close above 109.90 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.24 on H1 will check key supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 109.76 | S1 | 109.24 |
| R2 | 109.90 | S2 | 109.00 |
| R3 | 110.22 | S3 | 108.62 |
| R4 | 110.70 | S4 | 108.40 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 109.76 | Sell Below : 109.20 | ||
| – Take Profit : 110.00 | – Take Profit : 109.00 | ||
| – Stop Loss : 109.40 | – Stop Loss : 109.52 | ||
GOLD
| Commentary : The gold weakens on Monday and stabilizes below $1,740 mark. Pair made intraday high at $1,744 and low $1,735 mark. A day chart and H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1,742 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,732 will check further supports. Today’s U.S. session is almost empty, and thus gold likely to be volatile during U.S. session. Just be attentive. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1748 | S1 | 1732 |
| R2 | 1754 | S2 | 1728 |
| R3 | 1762 | S3 | 1722 |
| R4 | 1767 | S4 | 1715 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1743 | Sell Below : 1735 | ||
| – Take Profit : 1748 | – Take Profit : 1728 | ||
| – Stop Loss : 1732 | – Stop Loss : 1742 | ||
Note:
Download Report in PDF
We provide every solution to start your own
TP Global FX Research Team
With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills
Disclamer:
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 FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia.