Daily Analysis Report April 05, 2021

1. Daily Analysis Report
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05 April, 2021

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Asian Bulle n: U.S. dollar remains slightly vola le against major peers, Asian stock markets mixed, gold stabilizes above $1,720 mark
Key Headlines:
• Major countries will be closed in the observance of the Easter Monday.
• South Korea FX reserves stands at 446.13B vs 447.56B previous release.
• Japan services PMI stands at 48.3 vs 46.3 previous release.
• Australia MI infla on gauge stands at 0.4 pct vs 0.1 pct previous release.
• Bri sh Prime Minister Boris Johnson will set out plans to reopen the economy and eventually relaunch interna onal travel on Monday when
he updates the coronavirus roadmap – Reuters.
• Japan’s ruling Liberal Democra c Party’s secretary general - If there’s any shortage of funds, we’d like to always respond aggressively
including by compiling a supplementary budget.
• Oil Prices down a er OPEC+ agreed last week to gradually ease some of its produc on cuts between May and July – Reuters.
• The Foreign and Defense Ministers of Japan and Germany are looking to hold a “2 plus 2” dialogue online in mid-April.
Economic Data Ahead:
• (1400 GMT/1930 IST) U.S. ISM Services PMI, previous 55.3, expected 58.3.
• (1400 GMT/1930 IST) U.S. Factory Orders, previous 2.6, expected -0.5.
Economic Events Ahead:
• No key events are scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.02% to 93.00 points.

3. AUD /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 0.7640 S1 0.7590
Buy Above 0.7640
0.7670
0.7590
0.7590
0.7570
0.7640
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.7670 S2 0.7570
R3 0.7692 S3 0.7520
R4 0.7722 S4 0.7488
Conclusion
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Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
APRIL,
Commentary
AUD/USD: The Aussie trades almost flat on Monday and stabilizes above $0.76 mark.
Today triple EMA with day chart is bearish in long run while H1 chart confirm up trend for
the time being. A sustained close above $0.7622 on H1 chart requires for the upside
rally. Alternatively, a consistent close below $0.7590 will check further supports.

4. EUR / USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
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Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
R1 1.1770 S1 1.1750
Buy Above 1.1770
1.1792
1.1740
1.1740
1.1718
1.1762
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.1790 S2 1.1690
R3 1.1830 S3 1.1648
R4 1.1862 S4 1.1620
Conclusion
Commentary
EUR/USD: The euro falls sharply against U.S. dollar and remains well supported below
$1.1800 mark. The pair made intraday high at $1.1771 and low at $1.1752. 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 $1.1770 on H1 chart requires for the upside rally.
Alternatively, a sustained close below $1.1750 on H1 will check further supports.
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APRIL,

5. GBP /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
R1 1.3840 S1 1.3780
Buy Above 1.3845
1.3867
1.3810
1.3810
1.3790
1.3840
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.3862 S2 1.3730
R3 1.3890 S3 1.3700
R4 1.3922 S4 1.3650
Conclusion
Commentary
GBP/USD: The pound trades in narrow range on Monday and hovers around $1.3830
mark. The pair made intraday high at $1.3842 and low at $1.3815 mark. A day chart and
H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above
$1.3840 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$1.3810 will check key supports too.
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APRIL,

6. USD /CAD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
R1 1.2590 S1 1.2560
Buy Above 1.2590
1.2610
1.2560
1.2550
1.2520
1.2590
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.2610 S2 1.2520
R3 1.2640 S3 1.2500
R4 1.2667 S4 1.2468
Conclusion
Commentary
USD/CAD: The Canadian dollar enjoys roller coaster movement against U.S. dollar and
hovers around 1.2580 mark. A day chart signals bearish trend but H1 chart with triple
EMA confirms bullish for the time being. A sustained close above 1.2610 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2560 will check key
supports too.
Trends Up Trend
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APRIL,

7. USD /JPY
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
R1 110.96 S1 110.50
Buy Above 110.72
110.96
110.50
110.40
110.10
110.76
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 111.44 S2 110.20
R3 111.72 S3 109.57
R4 112.10 S4 109.00
Conclusion
Commentary
USD/JPY: The Japanese yen exhibits range bound movement and consolidates around
110.50 mark. The pair made intraday high at 110.74 and low at 110.52 mark. The triple
EMA on a day chart and H1 chart confirm bullish trend for the time being. A sustained
close above 110.70 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 110.50 on H1 will check key supports.
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8. XAU /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
R1 1732 S1 1722
Buy Above 1732
1740
1720
1718
1712
1730
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1738 S2 1715
R3 1742 S3 1708
R4 1748 S4 1702
Conclusion
Commentary
XAU/USD (GOLD): The gold starts a new week on a slightly negative note but remains
well supported above $1,720 mark. A day chart with triple EMA confirm bearish trend
while H1 chart with triple EMA confirm up trend for the time being. A sustained close
above $1,732 on H1 chart requires for the upside rally. Alternatively, a consistent close
below $1,722 will check further supports.
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APRIL,

9. Thank
you!
Info@tpglobalfx.com
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