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DAILY ANALYSIS REPORT APRIL 12 2021

DAILY ANALYSIS REPORT APRIL 12 2021

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DAILY ANALYSIS REPORT APRIL 12 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 12 April, 2021
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar trades marginally higher against major peers a er Fed Chair Powell’s comments on U.S. Economic Outlook, Asian stock markets in red, gold hovers around $1,740 mark Key Headlines: • Japan bank lending stands at 6.3 pct vs 6.2 pct previous release. • Japan PPI stands at 1.0 pct vs -0.6 pct previous release (expected 0.5). • RBNZ likely to stand pat on Wednesday and will keep the official cash rate unchanged at 0.25 pct – Reuters Poll. • U.S. Federal Reserve Chair Jerome Powell - The U.S. economy is at an “inflec on point” with expecta ons that growth and hiring will pick up speed in the months ahead, but also risks if a hasty reopening leads to a con nued increase in coronavirus cases. • U.S. Federal Reserve Chair Jerome Powell - The base case forecast is for “very strong” job growth in the months ahead, and that it is “in the range of possibility” for the U.S. to see “quick progress to maximum employment.” • A survey of U.K.’s Chief Finance Officers - Confidence among big businesses in Britain about their profits in the year ahead has hit a record high, helped by the country’s coronavirus vaccina ons and hopes for less Brexit disrup on. • Bank of Greece Governor Yannis Stournaras - Greece’s economy is seen growing by 4.8% in 2022 a er an es mated 4.2% recovery this year. • Italian Industry Minister Giancarlo Giorge - Talks between Italy and the European Commission over the revamp of Alitalia will enter a key phase next week. Economic Data Ahead: • (0900 GMT/1430 IST) Euro Retail Sales, Previous -5.9, expected 1.3. • (1800 GMT/2330 IST) U.S. Federal Budget Balance, previous -310.9B, expected -675.5B. Economic Events Ahead: • (1300 GMT/1830 IST) U.K. MPC Member Tenreyro speaks. • (1430 GMT/2000 IST) Canada BoC Business Outlook survey. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.13% to 92.28 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 0.7640 0.7672 0.7590 0.7580 0.7555 0.7620 – 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 trades marginally lower on Monday and consolidates around $0.7600 mark. The pair made intraday high at $0.7628 and low at $0.7594 mark. Today triple EMA with a day chart and H1 chart confirms slightly down 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 1.1876 Buy Above 1.1922 1.1950 1.1890 1.1875 1.1840 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 falls gradually against U.S. dollar and slips back below $1.1900 mark. The pair made intraday high at $1.1904 and low at $1.1884. 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 $1.1876 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 Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 R1 1.3710 S1 1.3665 Buy Above 1.3715 1.3740 1.3680 1.3660 1.3640 1.3710 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.3750 S2 1.3648 R3 1.3789 S3 1.3622 R4 1.3840 S4 1.3585 Conclusion Commentary GBP/USD: The pound depreciates noticeably on Monday and touches $1.3668 mark in Asian hours. It is the lowest level since Feb 05, 2021. The pair made intraday high at $1.3713 and low at $1.3668 mark. A day chart and H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1.3710 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1.3665 will check key supports too. 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 1.2580 S1 1.2520 Buy Above 1.2580 1.2610 1.2550 1.2520 1.2500 1.2550 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.2610 S2 1.2500 R3 1.2640 S3 1.2468 R4 1.2690 S4 1.2450 Conclusion Commentary USD/CAD: The Canadian dollar starts a new week on a lower note ahead of BOC’s business outlook survey and hovers around 1.2550 mark in Asian hours. A day chart and H1 Chart confirm bearish trend for the time being. A sustained close above 1.2580 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2520 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 Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 R1 109.76 S1 109.24 Buy Above 109.76 110.00 109.40 109.20 109.00 109.52 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 109.90 S2 109.00 R3 110.22 S3 108.62 R4 110.70 S4 108.40 Conclusion Commentary USD/JPY: The Japanese yen strengthens in early Asia on robust PPI results. The pair made intraday high at 109.77 and low at 109.47 mark. The triple EMA on a day chart and H1 chart confirm up trend for the time being. Important to note here that, H1 chart likely to give successful crossover for the bearish trend confirmation. A sustained close above 109.90 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.24 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 1748 S1 1732 Buy Above 1743 1748 1732 1735 1728 1742 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1754 S2 1728 R3 1762 S3 1722 R4 1767 S4 1715 Conclusion Commentary XAU/USD (GOLD): The gold weakens on Monday and stabilizes below $1,740 mark. Pair made intraday high at $1,744 and low $1,735 mark. A day chart and H1 chart with triple EMA confirm bearish trend for the time being. A sustained close above $1,742 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,732 will check further supports. Today’s U.S. session is almost empty, and thus gold likely to be volatile during U.S. session. Just be attentive. 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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