1. Daily Analysis Report
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09 April, 2021
2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar remains vola le against major peers ahead of U.S. PPI results, Asian stock markets in red, gold hovers around $1,750 mark
Key Headlines:
• Australia AIG Services Index stands at 58.7 vs 55.8 previous release.
• China CPI stands at 0.4 pct vs -0.2 pct previous release (expected 0.3).
• China PPI stands at 4.4 pct vs 1.7 pct previous release (expected 3.6).
Economic Data Ahead:
• (0730 GMT/1300 IST) U.K. Halifax HPI, previous -0.1, expected 0.3.
• (0800 GMT/1330 IST) Italy Retail sales, previous -3.0, expected 2.0.
• (1230 GMT/1800 IST) Canada employment change, previous 259.2K, expected 101.5K.
• (1230 GMT/1800 IST) Canada unemployment rate, previous 8.2, expected 8.0.
• (1230 GMT/1800 IST) U.S. PPI, previous 0.5, expected 0.5.
• (1230 GMT/1800 IST) U.S. Core PPI, previous 0.2, expected 0.2.
Economic Events Ahead:
• (1100 GMT/1630 IST) U.K. BOE Quarterly bulle n.
• All Day – IMF Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.09% to 92.15 points.
3. AUD /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 0.7672 S1 0.7620
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 0.7690 S2 0.7590
R3 0.7722 S3 0.7540
R4 0.7740 S4 0.7488
Conclusion
+1 7754 366 970
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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 moves in rigid boundaries against U.S. dollar and consolidates
around $0.7627 mark. The pair made intraday high at $0.7661 and low at $0.7631 mark.
Today triple EMA with a day chart is bearish while H1 chart confirms slightly up trend for
the time being. A sustained close above $0.7660 on H1 chart requires for the upside
rally. Alternatively, a consistent close below $0.7620 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 Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
R1 1.1922 S1 1.1862
Buy Above 1.1922
1.1940
1.1890
1.1885
1.1862
1.1920
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.1940 S2 1.1828
R3 1.1962 S3 1.1790
R4 1.2004 S4 1.1758
Conclusion
Commentary
EUR/USD: The euro trades marginally lower on Friday and hovers around $1.1900
mark. The pair made intraday high at $1.1920 and low at $1.1902. 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 $1.1922 on H1 chart requires for the upside rally.
Alternatively, a sustained close below $1.1889 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 Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
R1 1.3750 S1 1.3706
Buy Above 1.3750
1.3790
1.3700
1.3706
1.3680
1.3740
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.3790 S2 1.3680
R3 1.3833 S3 1.3648
R4 1.3860 S4 1.3622
Conclusion
Commentary
GBP/USD: The pound falls gradually on Friday and trading around $1.3720 mark in
Asian hours. The pair made intraday high at $1.3750 and low at $1.3721 mark. A day
chart and H1 chart with triple EMA confirm bearish trend for the time being. A sustained
close above $1.3750 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1.3720 will check key supports too.Supports Resistances
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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 1.2626 S1 1.2555
Buy Above 1.2610
1.2630
1.2580
1.2555
1.2518
1.2600
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.2640 S2 1.2518
R3 1.2667 S3 1.2500
R4 1.2690 S4 1.2468
Conclusion
Commentary
USD/CAD: The Canadian dollar moves in stiff boundaries and hovers around 1.2600
mark in Asian hours. A day chart and H1 Chart confirm bearish trend for the time being.
A sustained close above 1.2627 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 1.2555 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 109.57 S1 109.07
Buy Above 109.57
109.90
109.07
109.05
108.62
109.50
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 110.22 S2 108.62
R3 110.70 S3 108.40
R4 110.96 S4 108.00
Conclusion
Commentary
USD/JPY: The Japanese yen trades marginally lower on Friday and stabilizes above
109.00 mark. The pair made intraday high at 109.39 and low at 109.19 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 109.57 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 109.07 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 1757 S1 1747
Buy Above 1757
1764
1748
1745
1738
1755
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1762 S2 1742
R3 1768 S3 1737
R4 1776 S4 1732
Conclusion
Commentary
XAU/USD (GOLD): The gold appreciates sharply in previous session and touched
$1,758 mark. Today gold trades slightly lower and hovers around $1,750 mark. Pair
made intraday high at $1,757 and low $1,749 mark. A day chart with triple EMA confirms
bearish trend while H1 chart with triple EMA confirms bullish trend for the time being. A
sustained close above $1,757 on H1 chart requires for the upside rally. Alternatively, a
consistent close below $1,747 will check further supports.
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APRIL,
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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