Entrepreneurship & organisations: influences and organizations
DAILY ANALYSIS REPORT APRIL 28 2021
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28 April, 2021
Daily Analysis Report
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analysis@tpglobalfx.com
Asian Bulle n: Aussie remains vola le as CPI data misses expecta ons; Markets eye U.S. FOMC Interest Rate Decision; most Asian stock markets in green; gold hovers
around $1,770 mark
Key Headlines:
• Australia CPI q/q stands at 0.6 pct vs 0.9 pct previous release (expected 0.9).
• Australia Trimmed Mean CPI stands at 0.3 pct vs 0.4 pct previous release.
• Australia goods trade balance stands at 8.50B vs 7.54B previous release.
• U.K. BRC Shop Price Index stands at -1.3 pct vs -2.4 pct previous release.
• Japan Retail Sales stands at 5.2 pct vs -1.5 pct previous release.
• U.S. API weekly crude oil stock stands at 4.319M vs 0.436M previous release.
• South Korea consumer confidence stands at 102.2 vs 100.5 previous release.
• Economic growth in developing Asia is set to rebound to 7.3% this year - Asian Development Bank (ADB).
• India’s GDP is expected to expand 7.0% in FY2022 – ADB.
• Withdrawal of central bank credit and QE measures pose the most serious risk for Australian credit markets over the next 12 months - Fitch Ra ngs survey.
• Bank of Canada made no interest rate changes and it is con nuing to pull back its quan ta ve easing weekly bond purchase program to $3 billion from a
minimum of $4 billion.
• BOC’s annual 2021 infla on outlook was revised up to 2.3%, followed by 1.9% in 2022 and 2.3% in 2023.
• BoC's Gov Macklem - The BOC sees the infla on rise as temporary.
• BoC's Gov Macklem - Despite the latest covid surge, we see remarkable economic resilience.
Economic Data Ahead:
• (1230 GMT/1800 IST) Canada Retail Sales, previous -1.1, expected 4.0.
• (1230 GMT/1800 IST) Canada Core Retail Sales, previous -1.2, expected 3.4.
• (1230 GMT/1800 IST) U.S. Goods Trade Balance, previous -86.7, expected -88.2.
• (1800 GMT/2330 IST) U.S. Interest Rate Decision, previous 0.25, expected 0.25.
Economic Events Ahead:
• (1400 GMT/1930 IST) ECB President Lagarde Speaks.
• (1830 GMT/0000 IST) U.S. FOMC Press Conference.
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 90.99 points.
3. AUD / USD
BUY SELL
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APRIL,
2
021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7772
R2 S2
0.7815
R3 S3
0.7838
R4
Commentary
S4
0.7867
Buy Above 0.7776
0.7815
0.7740
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7725
0.7701
0.7770
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie depreciates noticeably on Wednesday as CPI data misses expectations.
The pair made intraday high at $0.7771 and low at $0.7725 mark. A day chart confirms up trend
while H1 chart confirms bearish trend for the time being. A sustained close above $0.7772 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7700 will check further
supports.
0.7718
0.7702
0.7677
0.7640
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2090
R2 S2
1.2115
R3 S3
1.2152
R4
Commentary
S4
1.2170
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-
Time Frame: H1
EUR/USD: The euro trades marginally lower on Wednesday and remains well supported around
$1.2080 mark. Later today ECB President Lagarde is scheduled to speak at 1400 GMT, likely to
bring market volatility in Euro parity. Today pair made intraday high at $1.2093 and low at
$1.2075. Today triple EMA on a day chart and H1 chart confirm bullish trend for the time being. A
consistent close above $1.2090 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.2048 on H1 will check further supports.
EUR / USD
1.2062
1.2048
1.2001
1.1976
Buy Above 1.2095
1.2122
1.2070
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2055
1.2015
1.2090
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
APRIL,
2
021
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3925
R2 S2
1.3945
R3 S3
1.3969
R4
Commentary
S4
1.3992
Buy Above 1.3925
1.3945
1.3885
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3855
1.3820
1.3905
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling trades marginally lower on Wednesday and stabilizes below $1.3900
mark. The pair made intraday high at $1.3910 and low at $1.3874 mark. Today a day confirms
bullish trend for the time being while H1 chart confirms short trend for the time being. A sustained
close above $1.3915 requires for the upside rally. Alternatively, a consistent close below $1.3840
will check further key supports.
USD
1.3858
1.3822
1.3787
1.3764
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
APRIL,
2
021
6. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2418
R2 S2
1.2450
R3 S3
1.2472
R4
Commentary
S4
1.2490
Buy Above 1.2420
1.2450
1.2389
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2380
1.2347
1.2415
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar trades marginally lower and jumps back above 1.2400 mark.
Today pair made intraday high at 1.2418 and low at 1.2394 mark. A day chart and H1 chart with
Triple EMA confirm bearish trend for the time being. A sustained close above 1.2418 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2391 on H1 chart will check
key supports too.
USD /CAD
1.2391
1.2365
1.2347
1.2330
APRIL,
2
021
7. BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
109.11
R2 S2
109.40
R3 S3
109.71
R4
Commentary
S4
109.96
Buy Above 109.10
109.37
108.60
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.50
108.22
108.90
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen weakens noticeable against U.S. dollar after BOJ’s Monetary Policy
Meet released yesterday. The pair made intraday high at 108.94 and low at 108.62 mark. The
triple EMA on a day as well as H1 chart is bullish for the time being. A sustained close above
109.11 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.57 on
H1 will check key supports.
USD /JPY
108.57
108.22
107.87
107.51
APRIL,
2
021
8. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1784
R2 S2
1787
R3 S3
1792
R4
Commentary
S4
1797
Buy Above 1778
1785
1769
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1764
1758
1772
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The judgment day is finally comes. The key event for the day will be FOMC
Interest Rate Decision. The gold trades slightly lower on Wednesday and hovers around $1,770
mark. Today pair made intraday high at $1,777 and low $1,766 mark. A day chart and H1 Chart
with Triple EMA is showing bearish movement in short run. A sustained close above $1,784 on H1
chart requires for the upside rally. Alternatively, a consistent close below $1,768 will check further
supports.
XAU [GOLD]
USD
/
1768
1762
1754
1748
APRIL,
2
021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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