DAILY ANALYSIS REPORT APRIL 27 2021

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27 April, 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Japanese yen trades marginally higher a er BOJ’s Policy Rate Decision, Most Asian stock markets in red, gold consolidates around $1,780 mark
Key Headlines:
• South Korea GDP q/q stands at 1.6 pct vs 1.2 pct previous release (expected 1.0).
• Google CEO Sundar Pichai and his Microso counterpart Satya Nadella have assured help to India as Country faces severe situa on of the second wave of
Covid.
• China has slowed down the pace of debt sales, resul ng in to ghtening of Fiscal Policy.
• Global real GDP is projected to increase 5.3% in 2021 and 4.3% in 2022 before se ling to a 3.1% growth pace in 2023-25.
• Real private global consump on is projected to advance 5.3% in 2021 and 4.9% in 2022.
• Global real exports of goods and services are projected to rise 7.1% in 2021 and 5.1% in 2022.
• IHS Markit economists - Raised the forecast of U.S. real GDP growth to 6.2% (from 5.7%) in 2021 and to 4.3% (from 4.1%) in 2022.
• Oil Trades almost flat on Tuesday during Asian hours as OPEC+ projected a strong global recovery this year.
Economic Data Ahead:
• (1000 GMT/1530 IST) U.K. CBI Realized Sales, previous -45, expected 9.
• (1300 GMT/1830 IST) U.S. HPI, previous 1.0, expected 1.0.
• (1400 GMT/1930 IST) U.S. Richmond Manufacturing Index, previous 17, expected 22.
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 up 0.16% to 90.95 points.

3. AUD / USD
BUY SELL
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APRIL,
2
021
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
0.7815
R2 S2
0.7838
R3 S3
0.7867
R4
Commentary
S4
0.7899
Buy Above 0.7815
0.7840
0.7780
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7765
0.7740
0.7805
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades marginally lower on Tuesday and stabilizes below $0.78 mark. The
pair made intraday high at $0.7803 and low at $0.7784 mark. A day chart as well as H1 chart
confirms up trend for the time being. A sustained close above $0.7815 on H1 chart requires for the
upside rally. Alternatively, a consistent close below $0.7767 will check further supports.
0.7765
0.7740
0.7718
0.7677

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2115
R2 S2
1.2152
R3 S3
1.2170
R4
Commentary
S4
1.2215
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-
Time Frame: H1
EUR/USD: The euro erases previous gain against U.S. dollar and remains well supported below
$1.2100 mark. Euro economic calendar is empty for the day. Today pair made intraday high at
$1.2089 and low at $1.2067. Today triple EMA on a day chart and H1 chart confirm bullish trend
for the time being. A consistent close above $1.2115 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 1.2090
1.2122
1.2050
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2040
1.2010
1.2080
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
APRIL,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3910
R2 S2
1.3945
R3 S3
1.3969
R4
Commentary
S4
1.3992
Buy Above 1.3910
1.3945
1.3870
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3862
1.3838
1.3900
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling trades slightly lower on Tuesday and remains well supported below
$1.3900 mark. The pair made intraday high at $1.3902 and low at $1.3874 mark. Today a day
confirms bullish trend for the time being while H1 chart likely to give crossover, which may lead to
down trend in short run. A sustained close above $1.3910 requires for the upside rally.
Alternatively, a consistent close below $1.3864 will check further key supports.
USD
1.3864
1.3835
1.3808
1.3787
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above 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 1.2418
1.2450
1.2390
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2380
1.2347
1.2410
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar trades almost flat on Tuesday and hovers around 1.2400 mark.
Today pair made intraday high at 1.2410 and low at 1.2388 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
108.47
R2 S2
108.90
R3 S3
109.27
R4
Commentary
S4
109.71
Buy Above 108.56
108.90
108.10
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.00
107.71
108.50
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen depreciates against U.S. dollar as BOJ keeps interest rate
unchanged and pair jumps back above 108.00 mark. The pair made intraday high at 108.38 and
low at 108.06 mark. The triple EMA on a day as well as H1 chart is bullish for the time being. A
sustained close above 108.47 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 108.00 on H1 will check key supports.
USD /JPY
108.00
107.51
107.28
107.00
APRIL,
2
021

8. 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
1784
R2 S2
1787
R3 S3
1792
R4
Commentary
S4
1797
Buy Above 1784
1790
1777
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1772
1765
1780
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The gold enjoys roller coaster movement ahead of U.S. FOMC meet due
tomorrow and consolidates around $1,780 mark. Today pair made intraday high at $1,784 and low
$1,773 mark. A day chart confirms sideways movement for the time being while 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 $1,774 will check further
supports.
XAU [GOLD]
USD
/
1774
1768
1762
1754
APRIL,
2
021

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