Daily Analysis Report April 06 2021

1. Daily Analysis Report
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06 April, 2021

2. +1 7754 366 970
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Asian Bulle n: Aussie strengthens sharply a er RBA’s Cash Rate decision, Asian stock markets mixed, gold up
Key Headlines:
• Japan average cash earnings stand at -0.2 pct vs -0.8 pct previous release (expected -0.5).
• Japan household spending stands at -6.6 pct vs -6.1 pct previous release.
• China Caixin services PMI stands at 54.3 vs 51.5 previous release (expected 52.2).
• World Bank President David Malpass - He expects China, the United States and other Group of 20 major economies to extend a freeze in
bilateral debt service payments through the end of 2021 when they meet this week.
• Finance Minister Taro Aso - Japan would agree on a new alloca on of special drawing rights (SDR) as long as the Interna onal Monetary
Fund and World Bank help ensure transparency in providing the increased money for poor countries.
• NZ PM Jacinda Ardern - A quaran ne-free travel arrangement between New Zealand and Australia could be a “world-first”.
Economic Data Ahead:
• (0700 GMT/1230 IST) Spain unemployment change, previous 44.4K, expected -45.0K.
• (0800 GMT/1330 IST) Italy monthly unemployment rate, expected 8.9.
• (0830 GMT/1400 IST) Euro Sen x Investor confidence, previous 5.0, expected 6.8.
• (0900 GMT/1430 IST) Euro unemployment rate, previous 8.1, expected 8.1.
• (1400 GMT/1930 IST) U.S. JOLTS Job openings, previous 6.92M, expected 6.91M.
Economic Events Ahead:
• All Day – IMF Mee ng.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.04% to 92.64 points.

3. AUD /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 0.7657 S1 0.7590
Buy Above 0.7660
0.7690
0.7620
0.7620
0.7590
0.7660
– 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 Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
APRIL,
Commentary
AUD/USD: The Aussie rises immediately after RBA’s cash rate decision. Today RBA
kept interest rate unchanged at 0.10 pct. 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
$0.7657 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
analysis@tpglobalfx.com
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
R1 1.1830 S1 1.1782
Buy Above 1.1822
1.1840
1.1790
1.1790
1.1760
1.1830
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.1862 S2 1.1750
R3 1.1890 S3 1.1690
R4 1.1922 S4 1.1648
Conclusion
Commentary
EUR/USD: The euro recovers from previous losses and jumps back above $1.18 mark.
The pair made intraday high at $1.1810 and low at $1.1805. 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 $1.1818 on H1 chart requires for the upside rally. Alternatively, a
sustained close below $1.1780 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 1.3922 S1 1.3889
Buy Above 1.3922
1.3948
1.3790
1.3885
1.3862
1.3920
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.3954 S2 1.3837
R3 1.3976 S3 1.3790
R4 1.4002 S4 1.3776
Conclusion
Commentary
GBP/USD: The pound strengthens sharply against U.S. dollar and stabilizes above
$1.39 mark. The pair made intraday high at $1.3915 and low at $1.3889 mark. A day
chart and H1 chart with triple EMA confirm bullish trend for the time being. A sustained
close above $1.3922 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1.3889 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) Below MA
RIS (Period=26) Below RIS LEVEL 50
R1 1.2593 S1 1.2520
Buy Above 1.2550
1.2593
1.2520
1.2518
1.2490
1.2550
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.2610 S2 1.2500
R3 1.2640 S3 1.2468
R4 1.2667 S4 1.2440
Conclusion
Commentary
USD/CAD: The Canadian dollar rises sharply in previous session and touched 1.2501
mark. Today pair is trading slightly up and remains well supported above 1.2500 mark. A
day chart and H1 chart signals bearish trend for the time being. A sustained close above
1.2610 on H1 chart requires for the upside rally. Alternatively, a consistent close below
1.2510 will check key supports too.
Trends Down 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 Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
R1 110.70 S1 110.00
Buy Above 110.40
110.70
110.00
110.00
109.78
110.50
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 110.96 S2 109.57
R3 111.44 S3 109.00
R4 111.72 S4 108.62
Conclusion
Commentary
USD/JPY: The Japanese yen remains slightly volatile after mixes economic data. The
pair made intraday high at 110.40 and low at 110.10 mark. The triple EMA on a day chart
confirms up trend and H1 chart confirm bearish trend for the time being. A sustained
close above 110.70 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 110.00 on H1 will check key
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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 1742 S1 1732
Buy Above 1742
1748
1730
1732
1725
1742
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1748 S2 1728
R3 1754 S3 1722
R4 1762 S4 1715
Conclusion
Commentary
XAU/USD (GOLD): The gold rises sharply on Tuesday and touches $1,737 mark in
Asian hours. 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 $1,742 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $1,732 will check
further supports.
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APRIL,

9. Thank
you!
Info@tpglobalfx.com
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