DAILY ANALYSIS REPORT APRIL 20 2021

Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
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20 April, 2021

+1 7754 366 970
Asian Bulle n: Aussie appreciates sharply a er RBA’s Monetary Policy Mee ng Minutes, Asian stock markets in green, gold consolidates around $1,770
mark
Key Headlines:
• PBoC keeps loan prime rate unchanged at 3.85pct.
• RBNZ oﬀshore holdings stand at 47.00 pct vs 47.5 pct previous release.
• Japan Teritary Industry Ac vity index stands at 0.3 pct vs -1.0 pct previous release.
Economic Data Ahead:
• Tenta ve – GDT Price Index.
• (1255 GMT/1825 IST) U.S. red book.
Economic Events Ahead:
• No key events 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 down 0.15% to 90.93 points.

AUD /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 0.7800 S1 0.7752
Buy Above 0.7800
0.7822
0.7770
0.7752
0.7722
0.7800
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.7849 S2 0.7702
R3 0.7876 S3 0.7677
R4 0.7912 S4 0.7638
Conclusion
+1 7754 366 970
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
APRIL,
Commentary
AUD/USD: The Aussie rises sharply on Tuesday after RBA’s Monetary Policy Meeting
Minutes and hits highest level since March 18, 2021. The pair made intraday high at
$0.7800 and low at $0.7750 mark. Today triple EMA with a day and H1 chart conﬁrm up
trend for the time being. A sustained close above $0.7800 on H1 chart requires for the
upside rally. Alternatively, a consistent close below $0.7752 will check further supports.

EUR / USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
R1 1.2070 S1 1.2040
Buy Above 1.2072
1.2100
1.2040
1.2030
1.2005
1.2065
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.2090 S2 1.2020
R3 1.2128 S3 1.2000
R4 1.2152 S4 1.1980
Conclusion
Commentary
EUR/USD: The euro spiked up on Tuesday and touches $1.2071 mark in Asian hours.
The pair made intraday high at $1.2071 and low at $1.2031. Today triple EMA on a day
chart and H1 chart suggest bearish trend for the time being. A consistent close above
$1.2070 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.2040 on H1 will check further supports.
2
0
21
APRIL,

GBP /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
Trends Up Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
R1 1.4026 S1 1.3962
Buy Above 1.4010
1.4040
1.3975
1.3970
1.3940
1.4000
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.4061 S2 1.3948
R3 1.4086 S3 1.3927
R4 1.4107 S4 1.3900
Conclusion
Commentary
GBP/USD: The pound strengthens sharply on Tuesday and hits fresh 6 – week high at
$1.4008 mark. The pair made intraday high at $1.4008 and low at $1.3975 mark. A day
chart and H1 chart with triple EMA conﬁrms the uptrend for the time being. A sustained
close above $1.4004 requires for the upside rally. Alternatively, a consistent close below
$1.3962 will test further supports.
2
0
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APRIL,

USD /CAD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
R1 1.2530 S1 1.2476
Buy Above 1.2530
1.2560
1.2500
1.2485
1.2450
1.2520
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.2560 S2 1.2450
R3 1.2592 S3 1.2410
R4 1.2610 S4 1.2390
Conclusion
Commentary
USD/CAD: The Canadian dollar strengthens on Tuesday and slips back below 1.24
mark. The pair made intraday high at 1.2530 and low at 1.2488 mark. A day chart and
H1 Chart with triple EMA conﬁrm bearish trend for the time being. A sustained close
above 1.2530 on H1 chart requires for the upside rally. Alternatively, a consistent close
below 1.2476 will check key supports too.
Trends Down Trend
2
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APRIL,

USD /JPY
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
Trends Down Trend
R1 108.30 S1 107.85
Buy Above 108.30
108.56
108.00
107.90
107.52
108.20
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 108.56 S2 107.52
R3 108.90 S3 107.20
R4 109.27 S4 107.00
Conclusion
Commentary
USD/JPY: The Japanese yen appreciates sharply against U.S. dollar and hits highest
level since March 05, 2021. The pair made intraday high at 108.31 and low at 107.97
mark. The triple EMA on a day chart is bullish while H1 chart conﬁrms bearish trend for
the time being. A sustained close above 108.25 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 108.30 on H1 will check key supports.
2
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APRIL,

XAU /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
Trends Down Trend
R1 1776 S1 1767
Buy Above 1776
1783
1765
1762
1754
1770
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1783 S2 1762
R3 1790 S3 1754
R4 1799 S4 1748
Conclusion
Commentary
XAU/USD (GOLD): The gold spiked down sharply in previous session and touched
$1,765 mark. Today pair made intraday high at $1,775 and low $1,765 mark. Today’s
U.S. session is also empty, suggesting high volatility in the U.S. session. Currently pair
is consolidating around $1,770 mark. Let’s wait for few hours to break the immediate
support or resistance for the further directions. A day chart suggests bearish trend while
H1 chart with triple EMA conﬁrms slightly up trend for the time being. A sustained close
above $1,776 on H1 chart requires for the upside rally. Alternatively, a consistent close
2
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APRIL,

Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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