Daily Analysis Report April 07, 2021

1. Daily Analysis Report
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07 April, 2021

2. +1 7754 366 970
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Asian Bulle n: Euro strengthens sharply ahead of Services PMI Results, Asian stock markets mixed, gold stabilizes around $1,740 mark
Key Headlines:
• Australia AIG construc on index stands at 61.8 vs 57.4 previous release.
• Australia Services PMI stands at 55.5 vs 53.4 previous release (expected 56.2).
• New Zealand ANZ commodity prices stand at 6.1 vs 3.3 previous release.
• South Korea current account stands at 8.03B vs 7.06B previous release.
Economic Data Ahead:
• (0800 GMT/1330 IST) Euro final Services PMI, previous 48.8, expected 48.8.
• (0830 GMT/1400 IST) U.K. final Services PMI, previous 56.8, expected 56.8.
• (1230 GMT/1800 IST) Canada trade balance, previous 1.4B, expected 1.3B.
• (1230 GMT/1800 IST) U.S. trade balance, previous -68.2B, expected -70.2B.
• (1400 GMT/1930 IST) Canada Ivey PMI, previous 60.0, expected 62.0.
Economic Events Ahead:
• (1300 GMT/1830 IST) U.S. FOMC member Evans Speaks.
• (1800 GMT/2330 IST) U.S. FOMC Mee ng Minutes.
• 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 lower 0.01% to 92.33 points.

3. AUD /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 0.7672 S1 0.7590
Buy Above 0.7672
0.7690
0.7640
0.7630
0.7600
0.7662
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.7690 S2 0.7570
R3 0.7722 S3 0.7520
R4 0.7740 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 remained highly volatile in previous session after RBA’s Cash
Rate Decision. Pair failed to fall below $0.76 mark and currently stabilizes above
$0.7650 mark. Today triple EMA with day chart is bearish in long run while H1 chart
confirms up trend for the time being. A sustained close above $0.7672 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
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Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
R1 1.1890 S1 1.1830
Buy Above 1.1890
1.1922
1.1850
1.1830
1.1790
1.1870
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.1922 S2 1.1782
R3 1.1962 S3 1.1750
R4 1.2004 S4 1.1690
Conclusion
Commentary
EUR/USD: The euro exhibits range bound movement and consolidates around $1.1870
mark. The pair made intraday high at $1.1878 and low at $1.1865. 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 $1.1890 on H1 chart requires for the upside rally.
Alternatively, a sustained close below $1.1830 on H1 will check further supports.
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5. GBP /USD
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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 1.3870 S1 1.3790
Buy Above 1.3870
1.3900
1.3840
1.3800
1.3776
1.3840
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.3922 S2 1.3776
R3 1.3954 S3 1.3740
R4 1.3976 S4 1.3706
Conclusion
Commentary
GBP/USD: The pound weakens extremely against U.S. dollar in previous session and
currently stabilizes below $1.3850 mark. The pair made intraday high at $1.3839 and
low at $1.3813 mark. A day chart is slightly bullish while H1 chart with triple EMA confirm
bearish trend for the time being. A sustained close above $1.3870 on H1 chart requires
for the upside rally. Alternatively, a consistent close below $1.3790 will check key
supports too.
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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 1.2593 S1 1.2560
Buy Above 1.2593
1.2610
1.2560
1.2539
1.2500
1.2593
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.2610 S2 1.2539
R3 1.2640 S3 1.2500
R4 1.2667 S4 1.2468
Conclusion
Commentary
USD/CAD: The Canadian dollar trades marginally lower on Wednesday and hovers
around key resistance at 1.2593 mark. A day chart confirms bearish trend in long run
while H1 chart signals up trend for the time being. A sustained close above 1.2593 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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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 110.22 S1 109.57
Buy Above 110.00
110.22
109.68
109.57
109.24
109.90
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 110.70 S2 109.00
R3 111.96 S3 108.62
R4 111.44 S4 108.40
Conclusion
Commentary
USD/JPY: The Japanese yen reverses previous loss against U.S. dollar and slips back
below 110.00 mark. The pair made intraday high at 109.89 and low at 109.57 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 109.90 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 109.50 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 1748 S1 1732
Buy Above 1745
1752
1730
1728
1721
1740
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1754 S2 1728
R3 1762 S3 1722
R4 1768 S4 1715
Conclusion
Commentary
XAU/USD (GOLD): The gold enjoys roller coaster movement and hovers around $1,740
mark. Pair made intraday high at $1,744 and low $1,735 mark. A day chart with triple
EMA confirms bearish trend while H1 chart with triple EMA confirms up trend for the time
being. A sustained close above $1,745 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $1,732 will check further supports. Later today
U.S. will release trade balance and FOMC meeting minutes result. It will provide further
directions to the parity.
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9. Thank
you!
Info@tpglobalfx.com
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