Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

DAILY ANALYSIS REPORT APRIL 13 2021

DAILY ANALYSIS REPORT APRIL 13 2021

  • Be the first to comment

  • Be the first to like this

DAILY ANALYSIS REPORT APRIL 13 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 13 April, 2021
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Sterling strengthens sharply a er GDP, Industrial Produc on data; Asian stock markets mixed; gold hovers around $1,730 mark Key Headlines: • New Zealand NZIER business confidence stands at -13 vs -6 previous release. • U.K. BRC Retail Sales monitor stands at 20.3 pct vs 9.5 pct previous release (expected 11.9). • Australia NAB business confidence stands at 15 vs 18 previous release. • Australia NAB business survey stands at 25 vs 15 previous release. • U.K. GDP stands at 0.4 pct vs -2.2 pct previous release. • U.K. Industrial produc on stands at 1.0 pct vs -1.8 pct previous release. • U.K. manufacturing produc on stands at 1.3 pct vs -2.3 pct previous release. • The Canadian government declared on Monday a financial aid package for Air Canada that allows the country’s largest airline to access up to C$5.9 billion ($4.7 billion) in funds through a loan program – Reuters. • Oil prices slightly up on Middle East worrisome – Reuters. Economic Data Ahead: • (0800 GMT/1330 IST) Italy Industrial Produc on, previous 1.0, expected 0.7. • (0900 GMT/1430 IST) Euro ZEW Economic Sen ment, previous 74.0, expected 77.2. • (0900 GMT/1430 IST) German ZEW Economic Sen ment, previous 76.6, expected 79.1. • (1230 GMT/1800 IST) U.S. CPI, previous 0.4, expected 0.5. • (1230 GMT/1800 IST) U.S. Core CPI, previous 0.1, expected 0.2. Economic Events Ahead: • No key events are scheduled for the day. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.14% to 92.27 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 0.7640 S1 0.7590 Buy Above 0.7620 0.7640 0.7590 0.7585 0.7565 0.7610 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.7672 S2 0.7540 R3 0.7690 S3 0.7522 R4 0.7740 S4 0.7488 Conclusion +1 7754 366 970 analysis@tpglobalfx.com Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 APRIL, Commentary AUD/USD: The Aussie weakens on Tuesday and slips back below $0.7600 mark. The pair made intraday high at $0.7630 and low at $0.7595 mark. Today triple EMA with a day chart and H1 chart confirms bearish trend for the time being. A sustained close above $0.7640 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 Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 R1 1.1922 S1 1.1872 Buy Above 1.1922 1.1948 1.1890 1.1872 1.1850 1.1910 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.1940 S2 1.1840 R3 1.1962 S3 1.1828 R4 1.2004 S4 1.1790 Conclusion Commentary EUR/USD: The euro depreciates gradually against U.S. dollar and stabilizes back below $1.1900 mark. The pair made intraday high at $1.1915 and low at $1.1886. Today triple EMA on a day chart suggest bearish trend while H1 chart signal slightly up trend for the time being. In addition, H1 chart with triple EMA is about to give bearish trend confirmation for the same. Have to wait for few hrs only to check the trend. A consistent close above $1.1922 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1872 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 1.3755 S1 1.3701 Buy Above 1.3755 1.3790 1.3720 1.3701 1.3665 1.3740 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.3789 S2 1.3665 R3 1.3840 S3 1.3622 R4 1.3862 S4 1.3585 Conclusion Commentary GBP/USD: The pound trades almost flat on Tuesday and hovers around $1.3730 mark. The pair made intraday high at $1.3756 and low at $1.3725 mark. A day chart with triple EMA confirms slightly bearish trend while H1 chart suggests slightly bullish trend in short run. A sustained close above $1.3755 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.3701 will check further supports. 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) Above MA RIS (Period=26) Above RIS LEVEL 50 R1 1.2592 S1 1.2550 Buy Above 1.2592 1.2612 1.2565 1.2550 1.2520 1.2580 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.2610 S2 1.2520 R3 1.2640 S3 1.2500 R4 1.2690 S4 1.2468 Conclusion Commentary USD/CAD: The Canadian dollar weakens sharply on Tuesday and hovers around immediate resistance at 1.2592 mark. A day chart is suggesting down trend while H1 Chart confirms bullish trend for the time being. A sustained close above 1.2592 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2550 will check key supports too. Trends Up 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 Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 R1 109.76 S1 109.40 Buy Above 109.80 110.00 109.55 109.40 109.18 109.70 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 109.90 S2 109.24 R3 110.22 S3 109.00 R4 110.70 S4 108.62 Conclusion Commentary USD/JPY: The Japanese yen trades noticeably lower on Tuesday and trading around 109.70 mark. The pair made intraday high at 109.75 and low at 109.34 mark. The triple EMA on a day chart and H1 chart confirm bullish trend for the time being. A sustained close above 109.90 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.40 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 Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 R1 1738 S1 1727 Buy Above 1737 1742 1730 1725 1718 1732 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1742 S2 1721 R3 1748 S3 1715 R4 1754 S4 1708 Conclusion Commentary XAU/USD (GOLD): The gold depreciates on Tuesday and slips below $1,730 mark. Pair made intraday high at $1,736 and low $1,725 mark. A day chart and H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1,735 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,727 will check further supports. Later today U.S. will release Inflation data and will provide further directions to the parity. 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

×