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SpanishDAILY ANALYSIS REPORT APRIL-20-2021
AUD / USD
| Commentary : The Aussie rises sharply on Tuesday after RBA’s Monetary Policy Meeting Minutes and hits highest level since March 18, 2021. The pair made intraday high at $0.7800 and low at $0.7750 mark. Today triple EMA with a day and H1 chart confirm up trend for the time being. A sustained close above $0.7800 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7752 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 | 0.7800 | S1 | 0.7752 |
| R2 | 0.7849 | S2 | 0.7702 |
| R3 | 0.7876 | S3 | 0.7677 |
| R4 | 0.7912 | S4 | 0.7638 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7800 | Sell Below : 0.7752 | ||
| – Take Profit : 0.7822 | – Take Profit : 0.7722 | ||
| – Stop Loss : 0.7770 | – Stop Loss : 0.7800 | ||
EUR / USD
| Commentary : The euro spiked up on Tuesday and touches $1.2071 mark in Asian hours. The pair made intraday high at $1.2071 and low at $1.2031. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.2070 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2040 on H1 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 | 1.2070 | S1 | 1.2040 |
| R2 | 1.2090 | S2 | 1.2020 |
| R3 | 1.2128 | S3 | 1.2000 |
| R4 | 1.2152 | S4 | 1.1980 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2072 | Sell Below : 1.2030 | ||
| – Take Profit : 1.2100 | – Take Profit : 1.2005 | ||
| – Stop Loss : 1.2040 | – Stop Loss : 1.2065 | ||
GBP / USD
| Commentary : The pound strengthens sharply on Tuesday and hits fresh 6 – week high at $1.4008 mark. The pair made intraday high at $1.4008 and low at $1.3975 mark. A day chart and H1 chart with triple EMA confirms the uptrend for the time being. A sustained close above $1.4004 requires for the upside rally. Alternatively, a consistent close below $1.3962 will test further supports. | |||
| Indicators1.3948 | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.4026 | S1 | 1.3962 |
| R2 | 1.4061 | S2 | 1.3948 |
| R3 | 1.4086 | S3 | 1.3927 |
| R4 | 1.4107 | S4 | 1.3900 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.4010 | Sell Below : 1.3970 | ||
| – Take Profit : 1.4040 | – Take Profit : 1.3940 | ||
| – Stop Loss : 1.3975 | – Stop Loss : 1.4000 | ||
USD / CAD
| Commentary : The Canadian dollar strengthens on Tuesday and slips back below 1.24 mark. The pair made intraday high at 1.2530 and low at 1.2488 mark. A day chart and H1 Chart with triple EMA confirm bearish trend for the time being. A sustained close above 1.2530 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2476 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 | 1.2530 | S1 | 1.2476 |
| R2 | 1.2560 | S2 | 1.2450 |
| R3 | 1.2592 | S3 | 1.2410 |
| R4 | 1.2610 | S4 | 1.2390 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2530 | Sell Below : 1.2485 | ||
| – Take Profit : 1.2560 | – Take Profit : 1.2450 | ||
| – Stop Loss : 1.2500 | – Stop Loss : 1.2520 | ||
USD / JPY
| Commentary : The Japanese yen appreciates sharply against U.S. dollar and hits highest level since March 05, 2021. The pair made intraday high at 108.31 and low at 107.97 mark. The triple EMA on a day chart is bullish while H1 chart confirms bearish trend for the time being. A sustained close above 108.25 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.30 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 | 108.30 | S1 | 107.85 |
| R2 | 108.56 | S2 | 107.52 |
| R3 | 108.90 | S3 | 107.20 |
| R4 | 109.27 | S4 | 107.00 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 108.30 | Sell Below : 107.90 | ||
| – Take Profit : 108.56 | – Take Profit : 107.52 | ||
| – Stop Loss : 108.00 | – Stop Loss : 108.20 | ||
GOLD
| Commentary : The gold spiked down sharply in previous session and touched $1,765 mark. Today pair made intraday high at $1,775 and low $1,765 mark. Today’s U.S. session is also empty, suggesting high volatility in the U.S. session. Currently pair is consolidating around $1,770 mark. Let’s wait for few hours to break the immediate support or resistance for the further directions. A day chart suggests bearish trend while H1 chart with triple EMA confirms slightly up trend for the time being. A sustained close above $1,776 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,767 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 | 1776 | S1 | 1767 |
| R2 | 1783 | S2 | 1762 |
| R3 | 1790 | S3 | 1754 |
| R4 | 1799 | S4 | 1748 |
| BUY | SELL | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1776 | Sell Below : 1762 | ||
| – Take Profit : 1783 | – Take Profit : 1754 | ||
| – Stop Loss : 1765 | – Stop Loss : 1770 | ||
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