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30 April, 2021
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen remains vola le in early Asia a er mixed economic data, Asian stock markets in red, gold hovers around $1,770 mark
Key Headlines:
• Japan Tokyo Core CPI stands at -0.2 pct vs -0.1 pct previous release.
• Japan unemployment rate stands at 2.6 pct vs 2.9 pct previous release.
• Japan prelim industrial produc on stands at 2.2 pct vs -1.3 pct previous release.
• Japan final manufacturing PMI stands at 53.6 vs 52.7 previous release.
• China Non – manufacturing PMI stands at 54.9 vs 56.3 previous release.
• China Manufacturing PMI stands at 51.1 vs 51.9 previous release.
• China Caixin manufacturing PMI stands at 51.9 vs 50.6 previous release.
• Australia PPI stands at 0.4 pct vs 0.5 pct previous release.
• Australia private sector credit stands at 0.4 pct vs 0.2 pct previous release.
Economic Data Ahead:
• (0700 GMT/1230 IST) Swiss KOF economic barometer, previous 117.8, expected 119.5.
• (0700 GMT/1230 IST) Spain Flash GDP q/q, previous 0.0, expected -0.5.
• (0700 GMT/1230 IST) Italy unemployment rate, previous 10.2, expected 10.3.
• (0800 GMT/1330 IST) German Prelim GDP, previous 0.3, expected -1.5.
• (0800 GMT/1330 IST) Italy Prelim GDP, previous -1.9, expected -0.5.
• (0900 GMT/1430 IST) Euro CPI, previous 1.3, expected 1.6.
• (0900 GMT/1430 IST) Euro Core CPI, previous 0.9, expected 0.8.
• (0900 GMT/1430 IST) Italy Prelim CPI, previous 0.3, expected 0.3.
• (0900 GMT/1430 IST) Euro Prelim GDP, previous -0.7, expected -0.8.
• (0900 GMT/1430 IST) Euro unemployment rate, previous 8.3, expected 8.3.
• (1230 GMT/1800 IST) Canada GDP, previous 0.7, expected 0.5.
• (1230 GMT/1800 IST) U.S. Personal Income, previous -7.1, expected 20.1.
• (1230 GMT/1800 IST) U.S. Personal spending, previous -1.0, expected 4.3.
• (1345 GMT/1915 IST) U.S. Chicago PMI, previous 66.3, expected 65.4.
• (1400 GMT/1930 IST) U.S. Revised UoM Consumer Sen ment, previous 86.5, expected 87.3.
Economic Events Ahead:
• (0800 GMT/1330 IST) SNB Chairman Jordan Speaks.
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 90.62 points.
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
0.7790
R2 S2
07815
R3 S3
0.7838
R4
Commentary
S4
0.7867
Buy Above 0.7790
0.7815
0.7750
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7740
0.7710
0.7780
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie remains slightly volatile on Friday as Australia released key indicators with
flat to positive numbers. The pair made intraday high at $0.7784 and low at $0.7760 mark. A day
chart confirms up trend in long run while on H1 chart triple EMA is showing sideways movement.
A sustained close above $0.7790 on H1 chart requires for the upside rally. Alternatively, a
consistent close below $0.7750 will check further supports.
0.7750
0.7722
0.7702
0.7677
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2150
R2 S2
1.2170
R3 S3
1.2192
R4
Commentary
S4
1.2227
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-
Time Frame: H1
EUR/USD: The euro trades almost flat U.S. dollar and remains well supported above $1.21 mark.
Today pair made intraday high at $1.2126 and low at $1.2115. Today triple EMA on a day chart
and H1 chart confirm bullish trend for the time being. A consistent close above $1.2150 on H1
chart requires for the upside rally. Alternatively, a sustained close below $1.2100 on H1 will check
further supports.
EUR / USD
1.2080
1.2062
1.2048
1.2001
Buy Above 1.2140
1.2172
1.2100
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2080
1.2050
1.2120
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
APRIL,
2
021
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3969
R2 S2
1.3992
R3 S3
1.4008
R4
Commentary
S4
1.4041
Buy Above 1.3970
1.4001
1.3940
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3928
1.3898
1.3962
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The pound trades slightly up on Friday and hovers around $1.3950 mark. The pair
made intraday high at $1.3958 and low at $1.3930 mark. Today a day chart as well as H1 chart
with triple EMA confirms bullish trend for the time being. A sustained close above $1.3969
requires for the upside rally. Alternatively, a consistent close below $1.3928 will check further key
supports.
USD
1.3928
1.3901
1.3858
1.3822
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
APRIL,
2
021
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
1.2315
R2 S2
1.2343
R3 S3
1.2371
R4
Commentary
S4
1.2392
Buy Above 1.2300
1.2326
1.2270
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2255
1.2210
1.2290
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar exhibits range bound movement and stabilizes below 1.23 mark
in early Asian hours. Today pair made intraday high at 1.2284 and low at 1.2268 mark. The CAD
hits fresh new high since Feb 2018. A day chart and H1 chart with Triple EMA confirm bearish
trend for the time being. A sustained close above 1.2315 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 1.2255 on H1 chart will check key supports too
USD /CAD
1.2255
1.2210
1.2178
1.2148
APRIL,
2
021
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
109.22
R2 S2
109.40
R3 S3
109.71
R4
Commentary
S4
110.20
Buy Above 109.05
109.30
108.68
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.60
108.28
109.05
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen rises slightly on Friday and remains well supported below 109.00
mark. The pair made intraday high at 109.05 and low at 108.76 mark. The triple EMA on a day
chart and H1 chart suggest up trend for the time being. A sustained close above 109.05 on H1
chart requires for the upside rally. Alternatively, a consistent close below 108.65 on H1 will check
key supports.
USD /JPY
108.65
108.40
108.22
107.87
APRIL,
2
021
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
1774
R2 S2
1778
R3 S3
1782
R4
Commentary
S4
1889
Buy Above 1774
1780
1765
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1758
1752
1765
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold depreciated sharply in previous session despite lower than expected
U.S. economic results. Today pair made intraday high at $1,773 and low $1,765 mark. A day chart
is up and H1 Chart with Triple EMA is showing down trend for the time being. A sustained close
above $1,774 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$1,764 will check further supports. Later today, U.S. will release Personal Income and Spending
data.
XAU [GOLD]
USD
/
1762
1756
1752
1747
APRIL,
2
021
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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