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SpanishDAILY ANALYSIS REPORT APRIL-13-2021
AUD / USD
| Commentary : The Aussie weakens on Tuesday and slips back below $0.7600 mark. The pair made intraday high at $0.7630 and low at $0.7595 mark. Today triple EMA with a day chart and H1 chart confirms bearish 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 : 0.7620 | Sell Below : 0.7585 | ||
| – Take Profit : 0.7640 | – Take Profit : 0.7565 | ||
| – Stop Loss : 0.7590 | – Stop Loss : 0.7610 | ||
EUR / USD
| Commentary : The euro depreciates gradually against U.S. dollar and stabilizes back below $1.1900 mark. The pair made intraday high at $1.1915 and low at $1.1886. Today triple EMA on a day chart suggest bearish trend while H1 chart signal slightly up trend for the time being. In addition, H1 chart with triple EMA is about to give bearish trend confirmation for the same. Have to wait for few hrs only to check the trend. A consistent close above $1.1922 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1872 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 | 1.1872 |
| 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 : 1.1872 | ||
| – Take Profit : 1.1948 | – Take Profit : 1.1850 | ||
| – Stop Loss : 1.1890 | – Stop Loss : 1.1910 | ||
GBP / USD
| Commentary : The pound trades almost flat on Tuesday and hovers around $1.3730 mark. The pair made intraday high at $1.3756 and low at $1.3725 mark. A day chart with triple EMA confirms slightly bearish trend while H1 chart suggests slightly bullish trend in short run. A sustained close above $1.3755 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.3701 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3755 | S1 | 1.3701 |
| R2 | 1.3789 | S2 | 1.3665 |
| R3 | 1.3840 | S3 | 1.3622 |
| R4 | 1.3862 | S4 | 1.3585 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.3755 | Sell Below : 1.3701 | ||
| – Take Profit : 1.3790 | – Take Profit : 1.3665 | ||
| – Stop Loss : 1.3720 | – Stop Loss : 1.3740 | ||
USD / CAD
| Commentary : The Canadian dollar weakens sharply on Tuesday and hovers around immediate resistance at 1.2592 mark. A day chart is suggesting down trend while H1 Chart confirms bullish trend for the time being. A sustained close above 1.2592 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2550 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 | 1.2592 | S1 | 1.2550 |
| R2 | 1.2610 | S2 | 1.2520 |
| R3 | 1.2640 | S3 | 1.2500 |
| R4 | 1.2690 | S4 | 1.2468 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2592 | Sell Below : 1.2550 | ||
| – Take Profit : 1.2612 | – Take Profit : 1.2520 | ||
| – Stop Loss : 1.2565 | – Stop Loss : 1.2580 | ||
USD / JPY
| Commentary : The Japanese yen trades noticeably lower on Tuesday and trading around 109.70 mark. The pair made intraday high at 109.75 and low at 109.34 mark. The triple EMA on a day chart and H1 chart confirm bullish trend for the time being. A sustained close above 109.90 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.40 on H1 will check key supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 109.76 | S1 | 109.40 |
| R2 | 109.90 | S2 | 109.24 |
| R3 | 110.22 | S3 | 109.00 |
| R4 | 110.70 | S4 | 108.62 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 109.80 | Sell Below : 109.40 | ||
| – Take Profit : 110.00 | – Take Profit : 109.18 | ||
| – Stop Loss : 109.55 | – Stop Loss : 109.70 | ||
GOLD
| Commentary : The gold depreciates on Tuesday and slips below $1,730 mark. Pair made intraday high at $1,736 and low $1,725 mark. A day chart and H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1,735 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,727 will check further supports. Later today U.S. will release Inflation data and will provide further directions to the parity. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1738 | S1 | 1727 |
| R2 | 1742 | S2 | 1721 |
| R3 | 1748 | S3 | 1715 |
| R4 | 1754 | S4 | 1708 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1737 | Sell Below : 1725 | ||
| – Take Profit : 1742 | – Take Profit : 1718 | ||
| – Stop Loss : 1730 | – Stop Loss : 1732 | ||
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