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DAILY ANALYSIS REPORT APRIL 14 2021

DAILY ANALYSIS REPORT APRIL 14 2021

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DAILY ANALYSIS REPORT APRIL 14 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 14 April, 2021
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Kiwi rises sharply against major peers a er RBNZ’s Hawkish Policy Stance, Asian stock markets in green, gold stabilizes above $1,740 mark Key Headlines: • RBNZ keeps official cash rate unchanged at 0.25 pct. • New Zealand’s visitors arrivals stand at -2.8 pct vs -7.7 pct previous release. • Japan Core machinery orders stands at -8.5 pct vs -4.5 pct previous release (expected 2.4). • Australia Westpac consumer sen ment stands at 6.2 pct vs 2.6 pct previous release. • South Korea export price index stands at 5.6 pct vs 0.6 pct previous release. • South Korea import price index stands at 9.0 pct vs -0.3 pct previous release. • South Korea unemployment rate stands at 3.9 pct vs 4.0 pct previous release. • Singapore GDP q/q stands at 2.0 pct vs 15.9 pct previous release. Economic Data Ahead: • (0900 GMT/1430 IST) Euro industrial produc on, previous 0.8, expected -1.2. Economic Events Ahead: • (1400 GMT/1930 IST) ECB President Lagarde Speaks. • (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 down 0.12% to 91.74 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 0.7640 Buy Above 0.7672 0.7702 0.7650 0.7638 0.7610 0.7670 – 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 0.7522 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 recovers sharply from previous losses against U.S. dollar on robust Westpac Consumer Sentiment Results and remains well supported above $0.7650 mark. The pair made intraday high at $0.7668 and low at $0.7634 mark. Today triple EMA with a day chart suggests bearish trend but H1 chart confirms bullish trend for the time being. A sustained close above $0.7672 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7640 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 1.1989 S1 1.1942 Buy Above 1.1990 1.2022 1.1950 1.1940 1.1910 1.1980 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.2050 S2 1.1890 R3 1.2090 S3 1.1872 R4 1.2128 S4 1.1840 Conclusion Commentary EUR/USD: The euro rises gradually against U.S. dollar and hits fresh 4 – week high at $1.1964 mark. The pair made intraday high at $1.1964 and low at $1.1942. Today triple EMA on a day chart suggest bearish trend while H1 chart signals up trend for the time being. A consistent close above $1.1962 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1947 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 1.3789 S1 1.3722 Buy Above 1.3782 1.3820 1.3750 1.3740 1.3712 1.3770 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.3840 S2 1.3701 R3 1.3862 S3 1.3665 R4 1.3900 S4 1.3622 Conclusion Commentary GBP/USD: The pound appreciates on Wednesday and hovers around $1.3770 mark. The pair made intraday high at $1.3781 and low at $1.3746 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 $1.3770 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.3722 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) Below MA RIS (Period=26) Below RIS LEVEL 50 R1 1.2560 S1 1.2518 Buy Above 1.2550 1.2590 1.2525 1.2518 1.2490 1.2545 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.2592 S2 1.2500 R3 1.2610 S3 1.2468 R4 1.2640 S4 1.2450 Conclusion Commentary USD/CAD: The Canadian dollar remained highly volatile in previous session and currently stabilizes below 1.2550 mark. The pair made intraday high at 1.2547 and low at 1.2528 mark. A day chart and H1 Chart with triple EMA confirm bearish trend for the time being. A sustained close above 1.2560 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2518 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 109.20 S1 108.62 Buy Above 109.20 109.42 108.80 108.70 108.38 109.20 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 109.42 S2 108.38 R3 109.87 S3 108.12 R4 110.22 S4 107.85 Conclusion Commentary USD/JPY: The Japanese yen strengthens sharply against U.S. dollar and touches 108.75 mark in Asian hours. The pair made intraday high at 109.07 and low at 108.75 mark. The triple EMA on a day chart is bullish while H1 chart confirms bearish trend for the time being. A sustained close above 109.20 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.80 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 1738 Buy Above 1750 1755 1740 1738 1732 1745 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1754 S2 1732 R3 1762 S3 1727 R4 1767 S4 1721 Conclusion Commentary XAU/USD (GOLD): The gold strengthens sharply in previous session despite higher than expected U.S. CPI, Core CPI results. Today pair made intraday high at $1,749 and low $1,740 mark. A day chart suggests slightly bearish trend while H1 chart with triple EMA confirms bullish trend for the time being. A sustained close above $1,748 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,738 will check further supports. Later today U.S. Fed Chair Powell is scheduled to speak at the Economic Club of Washington, via satellite. It 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

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