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DAILY ANALYSIS REPORT APRIL 15 2021

DAILY ANALYSIS REPORT APRIL 15 2021

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DAILY ANALYSIS REPORT APRIL 15 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 15 April, 2021
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussies falls sharply against major peers despite robust employment change results, Most Asian stock markets in red, gold slightly up Key Headlines: • New Zealand FPI stands at 0.0 pct vs -0.9 pct previous release. • Australia MI infla on expecta on stands at 3.2 pct vs 4.1 pct previous release. • Australia employment change stands at 70.7K vs 88.7K previous release (expected 35.2K). • Australia unemployment rate stands at 5.6 pct vs 5.8 pct previous release (expected 5.7). • India reported a record 200,739 COVID-19 cases over the last 24 hours – Health Ministry. • Oil prices slightly lower on Thursday as expected demand raised – Reuters. • Bank of Japan Governor Haruhiko Kuroda - Japan’s economy was picking up but any recovery was likely to be modest due to lingering cau on over the coronavirus pandemic. • Bank of Japan Governor Haruhiko Kuroda - The pace of the recovery will be modest as cau on over the pandemic remains. • U.S. President Joe Biden - He will begin withdrawing U.S. troops from Afghanistan on May 1 to end America’s longest war. • U.S. Fed Officials - They will keep interest rates low have helped stabilize U.S. bonds, especially at the short end of the market. • Fed Chair Jerome Powell said on Wednesday - The U.S. central bank will reduce its monthly bond purchases before it commits to an interest rate increase, a scenario many investors have regarded as a given. Economic Data Ahead: • (1230 GMT/1800 IST) U.S. Retail Sales, previous -3.0, expected 5.8. • (1230 GMT/1800 IST) U.S. Core Retail Sales, previous -2.7, expected 5.1. • (1230 GMT/1800 IST) U.S. Philly Fed Manufacturing index, previous 51.8, expected 41.0. • (1230 GMT/1800 IST) U.S. unemployment claims weekly, previous 744K, expected 703K. • (1315 GMT/1845 IST) U.S. Capacity u liza on rate, previous 73.8, expected 75.6. • (1315 GMT/1845 IST) U.S. Industrial produc on, previous -2.2, expected 2.7. Economic Events Ahead: • (1530 GMT/2100 IST) U.S. FOMC member Bos c Speaks. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.01% to 91.68 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 0.7740 S1 0.7702 Buy Above 0.7730 0.7770 0.7702 0.7702 0.7677 0.7735 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.7770 S2 0.7677 R3 0.7790 S3 0.7638 R4 0.7812 S4 0.7602 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 weakens sharply against major peers after Australia’s job results. The pair made intraday high at $0.7745 and low at $0.7705 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 $0.7740 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7702 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 1.1970 Buy Above 1.1990 1.2028 1.1960 1.1960 1.1927 1.1985 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.2050 S2 1.1948 R3 1.2090 S3 1.1927 R4 1.2128 S4 1.1901 Conclusion Commentary EUR/USD: The euro trades marginally higher against U.S. dollar and touches $1.1990 mark in Asian hours. The pair made intraday high at $1.1990 and low at $1.1969. Today triple EMA on a day chart suggests bearish trend while H1 chart signals up trend for the time being. A consistent close above $1.1989 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1970 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 1.3765 Buy Above 1.3799 1.3820 1.3760 1.3758 1.3722 1.3790 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.3840 S2 1.3722 R3 1.3862 S3 1.3701 R4 1.3900 S4 1.3665 Conclusion Commentary GBP/USD: The pound remains volatile on Thursday and remains well supported above $1.3750 mark. The pair made intraday high at $1.3794 and low at $1.3764 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 $1.3790 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.3765 on H1 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 1.2540 S1 1.2500 Buy Above 1.2540 1.2560 1.2505 1.2505 1.2468 1.2530 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.2560 S2 1.2468 R3 1.2592 S3 1.2450 R4 1.2610 S4 1.2422 Conclusion Commentary USD/CAD: The Canadian dollar exhibits range bound movement and consolidates around 1.2520 mark. The pair made intraday high at 1.2528 and low at 1.2504 mark. A day chart and H1 Chart with triple EMA confirm bearish trend for the time being. A sustained close above 1.2540 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2505 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 109.10 109.38 108.80 108.75 108.40 109.00 – 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 trades almost flat on Thursday and stabilizes below 109.00 mark. The pair made intraday high at 108.96 and low at 108.80 mark. The triple EMA on a day chart is bullish while H1 chart confirms bearish trend for the time being. A sustained close above 109.06 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 1732 Buy Above 1745 1752 1737 1735 1728 1742 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1754 S2 1727 R3 1762 S3 1721 R4 1767 S4 1715 Conclusion Commentary XAU/USD (GOLD): The gold starts a new day on a positive note ahead of U.S.’s retail sales and industrial production results. Today pair made intraday high at $1,743 and low $1,734 mark. A day chart suggests slightly bearish trend while H1 chart with triple EMA is about to give crossover for the bullish trend but have to wait for the few hours for the same. A sustained close above $1,748 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,735 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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