Daily analysis report april 08, 2021

1. Daily Analysis Report
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08 April, 2021

2. +1 7754 366 970
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Asian Bulle n: Japanese yen strengthens on robust current account, consumer confidence data; Asian stock markets in green; gold back above $1,740
mark
Key Headlines:
• U.S. Consumer Credit stands at 27.6B vs 0.1B previous release (expected 2.9B).
• U.K. RICS house price balance stands at 59 pct vs 54 pct previous release (expected 55 pct).
• Japan Current account stands at 1.79T vs 1.50T previous release (expected 1.02T).
• South Korea reported 700 new coronavirus cases, its highest daily figure since early January.
• South Korean President Moon Jae-in’s ruling party suffered a devasta ng defeat in a special elec on for key mayoral posts amid poli cal
scandals and policy blunders – Reuters.
• A port city in eastern China has launched an ambi ous plan to build the country’s fi h rocket launch site – Reuters.
• Spain will only give AstraZeneca’s coronavirus vaccine to people over 60 years old a er European and Bri sh regulators found a poten al link
between the shot and rare brain blood clots – Reuters.
• New Zealand on Thursday temporarily suspended entry for all travellers from India, including its own ci zens.
Economic Data Ahead:
• (0830 GMT/1400 IST) U.K. Construc on PMI, previous 53.3, expected 55.0.
• (0900 GMT/1430 IST) Euro PPI, previous 1.4, expected 0.6.
• (1230 GMT/1800 IST) U.S. unemployment claims weekly, previous 719K, expected 682K.
Economic Events Ahead:
• All Day – IMF Mee ng.
• (1130 GMT/1700 IST) Euro Monetary Policy Mee ng Accounts.
• (1600 GMT/2130 IST) U.S. Fed Chair Powell Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched lower 0.07% to 92.39 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 0.7650
0.7672
0.7620
0.7602
0.7580
0.7640
– 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 exhibits range bound movement and stabilizes above $0.76
mark. The pair made intraday high at $0.7635 and low at $0.7602 mark. Today triple
EMA with a day chart and H1 chart confirm bearish trend for the time being. A sustained
close above $0.7645 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 Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
R1 1.1890 S1 1.1862
Buy Above 1.1890
1.1922
1.1850
1.1860
1.1832
1.1890
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.1922 S2 1.1828
R3 1.1962 S3 1.1790
R4 1.2004 S4 1.1758
Conclusion
Commentary
EUR/USD: The euro trades in narrow range ahead of ECB’s Monetary Policy Meeting
Accounts. The pair made intraday high at $1.1875 and low at $1.1860. Today triple EMA
on a day chart suggest bearish trend while H1 chart signal slightly bullish trend for the
time being. A consistent close above $1.1890 on H1 chart requires for the upside rally.
Alternatively, a sustained close below $1.1862 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 1.3790 S1 1.3730
Buy Above 1.3800
1.3833
1.3770
1.3730
1.3705
1.3770
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.3833 S2 1.3706
R3 1.3860 S3 1.3680
R4 1.3915 S4 1.3648
Conclusion
Commentary
GBP/USD: The pound trades marginally higher on Thursday and trading around $1.3760
mark. The pair made intraday high at $1.3767 and low at $1.3725 mark. A day chart is
slightly bullish while H1 chart with triple EMA confirm bearish trend for the time being. A
sustained close above $1.3790 on H1 chart requires for the upside rally. Alternatively, a
consistent close below $1.3730 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 1.2626 S1 1.2580
Buy Above 1.2627
1.2655
1.2590
1.2580
1.2550
1.2626
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.2640 S2 1.2539
R3 1.2667 S3 1.2500
R4 1.2690 S4 1.2468
Conclusion
Commentary
USD/CAD: The Canadian dollar exhibits range bound movement on Thursday and
touches 1.2627 mark in early Asia. A day chart confirms bearish trend in long run while
H1 chart signals up trend for the time being. A sustained close above 1.2626 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2580 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 110.22 S1 109.57
Buy Above 109.90
110.22
109.50
109.50
109.27
109.85
– 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 trades marginally higher after robust current account data.
The pair made intraday high at 109.90 and low at 109.65 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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APRIL,

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
1754
1737
1736
1730
1745
– 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 strengthens sharply on Thursday and touches $1,745 mark
in Asian hours. Later today U.S. Fed Chair Powell’s Speech is schedule. Powell is due to
participate in a panel discussion about the global economy at a virtual International
Monetary Fund Seminar. Pair made intraday high at $1,745 and low $1,733 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.
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9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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