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Daily Analysis Report April 08, 2021

Daily Analysis Report April 08, 2021

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Daily Analysis Report April 08, 2021

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com R E P O R T F R O M : T P G LO B A L F X 08 April, 2021
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com 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. 3. AUD /USD R E P O R T F R O M : T P G LO B A L F X 2 0 21 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 +1 7754 366 970 analysis@tpglobalfx.com 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. 4. EUR / USD R E P O R T F R O M : T P G LO B A L F X 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 1.1890 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. 2 0 21 APRIL,
  5. 5. GBP /USD R E P O R T F R O M : T P G LO B A L F X 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. 2 0 21 APRIL,
  6. 6. USD /CAD R E P O R T F R O M : T P G LO B A L F X 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 2 0 21 APRIL,
  7. 7. USD /JPY R E P O R T F R O M : T P G LO B A L F X 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. 2 0 21 APRIL,
  8. 8. XAU /USD R E P O R T F R O M : T P G LO B A L F X 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. 2 0 21 APRIL,
  9. 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com R E P O R T F R O M : T P G L O B A L F X /tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia. Disclamer: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note

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