DAILY ANALYSIS REPORT APRIL 21 2021

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

+1 7754 366 970
Asian Bulle n: Aussie weakens immediately a er retail sales data, Asian stock markets mixed, gold up
Key Headlines:
• New Zealand CPI q/q stands at 0.8 pct vs 0.5 pct previous release.
• Australia MI leading index stands at 0.4 pct vs 0.2 pct previous release.
• Australia retail sales stands at 1.4 pct vs -0.8 pct previous release (expected 1.0).
• South Korea PPI m/m stands at 0.9 pct vs 0.8 pct previous release.
Economic Data Ahead:
• (0830 GMT/1400 IST) U.K. HPI, previous 7.5, expected 8.0.
• (1230 GMT/1800 IST) Canada CPI, previous 0.5, expected 0.6.
• (1400 GMT/1930 IST) Canada Interest Rate Decision, previous 0.25, expected 0.25.
Economic Events Ahead:
• (1500 GMT/2030 IST) BOC Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.01% to 91.25 points.

AUD /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 0.7740 S1 0.7702
Buy Above 0.7740
0.7770
0.7710
0.7698
0.7677
0.7730
– 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 0.7622
Conclusion
+1 7754 366 970
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
APRIL,
Commentary
AUD/USD: The Aussie weakens sharply against U.S. dollar despite higher than
expected retail sales data. The pair made intraday high at $0.0.7736 and low at $0.7705
mark. A day chart suggests up trend while H1 chart with triple EMA conﬁrms bearish
trend for the time being. A sustained close above $0.7740 on H1 chart requires for the
upside rally. Alternatively, current downside movement will drag the parity down below
$0.7700 mark.

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 1.2050 S1 1.2018
Buy Above 1.2050
1.2080
1.2020
1.2000
1.1980
1.2030
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.2090 S2 1.2000
R3 1.2128 S3 1.1980
R4 1.2152 S4 1.1942
Conclusion
Commentary
EUR/USD: The euro exhibits range bound movement on Wednesday and consolidates
around $1.2030 mark. The pair made intraday high at $1.2043 and low at $1.2024.
Today triple EMA on a day chart and H1 chart suggest slightly bullish trend for the time
being. A consistent close above $1.2050 on H1 chart requires for the upside rally.
Alternatively, a sustained close below $1.2018 on H1 will check further supports.
2
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APRIL,

GBP /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
Trends Up Trend
R1 1.3952 S1 1.3920
Buy Above 1.3952
1.3970
1.3915
1.3910
1.3876
1.3940
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.3970 S2 1.3900
R3 1.4008 S3 1.3876
R4 1.4026 S4 1.3854
Conclusion
Commentary
GBP/USD: The sterling trades marginally lower in early Asia and stabilizes above
$1.3900 mark. The pair made intraday high at $1.3949 and low at $1.3915. Today a day
and H1 chart with triple EMA suggests bullish trend for the time being. A sustained close
above $1.3952 requires for the upside rally. Alternatively, a consistent close below
$1.3920 will check further key supports.
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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 1.2618 S1 1.2590
Buy Above 1.2625
1.2655
1.2600
1.2590
1.2570
1.2620
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.2640 S2 1.2565
R3 1.2670 S3 1.2540
R4 1.2692 S4 1.2518
Conclusion
Commentary
USD/CAD: The Canadian dollar trades almost flat ahead of Canada’s Interest Rate
Decision and Inflation results. The pair made intraday high at 1.2616 and low at 1.2597
mark. A day chart is bearish and H1 Chart with triple EMA confirms up trend for the time
being. A sustained close above 1.2618 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 1.2590 will check key supports too.
Trends Up Trend
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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 108.15 S1 107.92
Buy Above 108.15
108.40
107.90
107.85
107.60
108.15
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 108.40 S2 107.60
R3 108.90 S3 107.28
R4 109.27 S4 107.00
Conclusion
Commentary
USD/JPY: The Japanese yen remains volatile on Wednesday and hovers around 108.00
mark. The pair made intraday high at 108.14 and low at 107.87 mark. The triple EMA on
a day chart is bullish while H1 chart conﬁrms bearish trend for the time being. A
sustained close above 108.15 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 107.92 on H1 will check key supports.
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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 Up Trend
R1 1787 S1 1776
Buy Above 1787
1794
1778
1775
1768
1783
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1794 S2 1772
R3 1799 S3 1767
R4 1805 S4 1762
Conclusion
Commentary
XAU/USD (GOLD): The gold rises sharply on Wednesday and touches $1,785 mark in
Asian hours. Today pair made intraday high at $1,785 and low $1,776 mark. Today’s
U.S. session is empty again, suggesting high volatility during U.S. session. A day chart is
about to give successful crossover for the upside trend while H1 chart with triple EMA
has already conﬁrmed bullish trend for the time being. A sustained close above $1,787
on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,775
will check further supports.
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APRIL,

Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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DAILY ANALYSIS REPORT APRIL 21 2021

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