1. Daily Analysis Report
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22 April, 2021
2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Loonie strengthens sharply a er hawkish BoC’s Monetary Policy Statement; Markets eye ECB’s Interest Rate Decision; Asian stock
markets mixed; gold down
Key Headlines:
• Australia NAB quarterly business confidence stands at 17 vs 15 previous release.
• BOC cuts the pace of bond purchases to C$3 billion per week from C$4 billion.
• The Bank of Canada signaled that it could start hiking interest rates in late 2022.
• The loonie rose from 1.2653 to 1.2460 mark immediately a er BOC’s Monetary Policy Statement.
• A missile launched from Syria was fired into southern Israel early Thursday - The Israeli military.
Economic Data Ahead:
• (1145 GMT/1715 IST) Euro ECB Interest Rate Decision, Previous 0.00, expected 0.00.
• (1230 GMT/1800 IST) U.S. unemployment claims weekly, previous 576K, expected 607K.
• (1400 GMT/1930 IST) Euro consumer confidence, previous -11, expected -11.
• (1400 GMT/1930 IST) U.S. exis ng home sales, previous 6.22M, expected 6.18M.
Economic Events Ahead:
• (1230 GMT/1800 IST) ECB Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.03% to 91.13 points.
3. AUD /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 0.7770 S1 0.7728
Buy Above 0.7770
0.7798
0.7730
0.7725
0.7702
0.7760
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.7790 S2 0.7702
R3 0.7812 S3 0.7677
R4 0.7854 S4 0.7638
Conclusion
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Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
APRIL,
Commentary
AUD/USD: The Aussie trades marginally higher in early Asia after strong NAB Business
Confidence Data. The pair made intraday high at $0.0.7764 and low at $0.7739 mark. A
day chart and H1 chart with triple EMA confirm up trend for the time being. The pair
breaks down the range bound movement and currently hovers around $0.7740 mark. A
sustained close above $0.7760 on H1 chart requires for the upside rally. Alternatively,
current downside movement will check further supports.
4. EUR / USD
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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 1.2050 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 trades almost flat ahead of ECB’s Interest Rate Decision and Press
Conference. The pair made intraday high at $1.2046 and low at $1.2030. Today triple
EMA on a day chart and H1 chart suggests 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 $1.2006 on H1 will check further supports.
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5. GBP /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Trends Up Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
R1 1.3955 S1 1.3906
Buy Above 1.3955
1.3990
1.3920
1.3905
1.3876
1.3940
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.3970 S2 1.3876
R3 1.4008 S3 1.3854
R4 1.4026 S4 1.3822
Conclusion
Commentary
GBP/USD: The sterling exhibits range bound movement and consolidates around
$1.3930 mark. The pair made intraday high at $1.3949 and low at $1.3925 mark. Today
a day and H1 chart with triple EMA suggests bullish trend for the time being. A sustained
close above $1.3955 requires for the upside rally. Alternatively, a consistent close below
$1.3906 will check further key supports. Here, have to wait for the sometime to break the
immediate levels to predict the further movements.
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6. USD /CAD
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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 1.2520 S1 1.2460
Buy Above 1.2520
1.2548
1.2490
1.2485
1.2460
1.2510
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.2562 S2 1.2418
R3 1.2590 S3 1.2400
R4 1.2612 S4 1.2382
Conclusion
Commentary
USD/CAD: The Canadian dollar rose sharply in previous session after BoC’s hawkish
Monetary Policy Statement. Today pair made intraday high at 1.2512 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 1.2520 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 1.2484 on H1 chart will check key supports too.
Trends Down Trend
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7. USD /JPY
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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 108.15 S1 107.92
Buy Above 108.15
108.32
107.90
107.85
107.60
108.10
– 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 rises gradually against U.S. dollar and slips back below
108.00 mark. The pair made intraday high at 108.14 and low at 107.91 mark. The triple
EMA on a day chart is bullish while H1 chart confirms down 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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8. XAU /USD
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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 1799 S1 1782
Buy Above 1799
1805
1790
1782
1776
1790
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1805 S2 1776
R3 1812 S3 1772
R4 1820 S4 1767
Conclusion
Commentary
XAU/USD (GOLD): The gold depreciates on Thursday and hovers around $1,790 mark.
Today pair made intraday high at $1,797 and low $1,789 mark. A day chart and H1 chart
confirm up trend for the time being. A sustained close above $1,798 on H1 chart requires
for the upside rally. Alternatively, a consistent close below $1,788 will check further
supports. Later today U.S. will release unemployment claims weekly data and Existing
Home Sales data. It will provide further directions to the parity.
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9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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