Daily Technical analysis for April 21, 2021
EUR/USD
Current level – 1.2035
The bulls did not gain enough momentum to successfully breach the resistance zone at 1.2042. However, at the time of writing, the EUR/USD is trading just below the mentioned level. A new test of 1.2042 is the most probable scenario for today, but only a successful violation could lead to further gains for the EUR against the USD and a move towards 1.2100. If the bears prevail, their first support can be found at the level of 1.1986 which, if breached, should lead to a deeper sell-off towards 1.1949.
USD/JPY
Current level – 107.94
The bears re-entered the market and the USD/JPY is testing the support at 107.98. A successful breach of the mentioned zone could easily deepen the sell-off and pave the way for the currency pair towards the levels at around 107.10. In the positive direction, the first resistance zone for the bulls lies at 108.79, but only the successful violation of the next target at 109.05 could lead to a change in the current short-term market sentiment and help form a rally towards the zone at 109.85.
GBP/USD
Current level – 1.3930
The sterling erased some of its gains against the greenback and, at the time of writing the analysis, the pair is holding positions just above the support zone at 1.3918. If the bears manage to successfully breach the mentioned level, the corrective move will most probably deepen towards the support zone at 1.3834. For the time being, however, a rally towards the resistance zone at 1.3989 remains the most probable scenario. A successful breach of this level could easily lead to new gains for the GBP/USD and strengthen the positive expectations of the market participants.
Gold price resumes the rise
Gold price traded with clear positivity after leaning on 1765.00 level, getting continuous positive support by the EMA50, which protects trading inside the bullish channel that appears on the chart, which keeps our bullish overview valid for the upcoming period, waiting to test 1800.00 mainly.
Note that breaching the targeted level will extend the bullish wave to reach 1838.00 as a next target, while holding above 1765.00 represents key condition to continue the suggested rise.
The expected trading range for today is between 1760.00 support and 1800.00 resistance.
The expected trend for today: Bullish
Source: Technical analysis
Comments (78)
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Find More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Read More on on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Find More on to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] There you will find 92766 additional Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Here you can find 28324 additional Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
It’s nearly impossible to find knowledgeable people on this subject, but you sound like you know what you’re talking about! Thanks
Good post. I am dealing with a few of these issues as well..
You should be a part of a contest for one of the highest quality sites online. I am going to recommend this web site!
You are so interesting! I do not believe I have read through something like this before. So wonderful to discover somebody with some original thoughts on this issue. Seriously.. many thanks for starting this up. This site is one thing that is needed on the web, someone with a little originality!
Excellent site you’ve got here.. It’s difficult to find excellent writing like yours nowadays. I honestly appreciate individuals like you! Take care!!
I couldn’t refrain from commenting. Exceptionally well written!
Aw, this was an incredibly nice post. Finding the time and actual effort to produce a good article… but what can I say… I procrastinate a whole lot and don’t seem to get anything done.
Oh my goodness! Incredible article dude! Thank you, However I am going through issues with your RSS. I don’t know the reason why I am unable to subscribe to it. Is there anyone else having similar RSS problems? Anybody who knows the answer can you kindly respond? Thanx!!
I value the effort you place into this post. It can be noticeable that you are obsessed with this subject.
I respect how you delivered actionable methods for the viewers to take. It truly is unusual to see that standard of practical assistance.
Your submit was an incredible example of how to write down with authenticity. You are not frightened being by yourself and it demonstrates within your perform.
Your creating is educational and engaging. I generally study a little something new from the posts.
There is a expertise for conveying matters in a method that’s easy to be familiar with. I’m looking ahead to examining extra from you.
This write-up exceeded my expectations. You went over and further than to offer useful facts and insights.
I really like how you addressed widespread misconceptions In this particular put up. It is important to established the file straight on these difficulties.
Your put up was a fantastic reminder that there is always far more to know. Thanks for inspiring me to help keep expanding and Studying.
I found this write-up really insightful and effectively-researched. Keep up The nice do the job!
Your producing is instructive and engaging. I constantly understand anything new from your posts.
Thank you for taking the time to put in writing this. It truly is generally great to see perfectly-prepared articles.
I am often impressed by the standard of your crafting. You are a talented author and it exhibits as part of your posts.
I really relished looking at your publish. Just how you spelled out almost everything was extremely obvious and concise.
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
I am impressed with the depth of one’s awareness on this subject matter. You clearly did your analysis.
Your crafting is insightful and fascinating. I constantly study something new out of your posts.
Many thanks for sharing this useful details. It had been extremely beneficial.
Your creating is so engaging that I could not cease looking through. You do have a actual expertise for storytelling.
Many thanks for giving a new viewpoint on this matter.
Your insights on this subject matter are spot-on. I could not concur far more with your Examination.
You’ve an uncanny knack for buying the most suitable topics.
You have got an uncanny knack for finding essentially the most suitable subject areas.
The best way you present your arguments is each rational and persuasive.
I respect the sensible tips you furnished Within this publish. They’re really valuable.
Thanks for providing a fresh point of view on this topic.
It is evident that you choose to put many imagined into each of your respective posts.
This post is a good example of how to put in writing for the audience. You Obviously understand what your visitors are searching for.
Excellent article! We will be linking to this particularly great article on our website. Keep up the good writing.
I m going to bookmark your web site and maintain checking for brand spanking new information.
I really like reading through a post that can make men and women think. Also thank you for allowing me to comment! Watch persian bbc
I’ve figured out to have faith in your recommendations implicitly. Retain them coming!
I do not even understand how I ended up here but I assumed this publish used to be great
I do not even understand how I ended up here but I assumed this publish used to be great
There is definately a lot to find out about this subject. I like all the points you made
Nice post, learn something new and challenging on blogs I stumbleupon on a daily basis. <a href="https://www.maisev.com/revive/www/delivery/ck.php?ct=1
Metal reprocessing services Aluminium recycling legislation Scrap aluminum shredder
Scrap metal innovation, Aluminum cable scrap pickup services, Scrap metal remanufacturing center
Metal reprocessing and recovery Aluminium recycling supply chain Scrap aluminium import restrictions
Metal recycling and reclaiming, Aluminum cable scrap transportation logistics, Metal scrap yard management
Sustainable scrap metal practices Aluminium scrap import duties Scrap aluminium distribution
Scrap metal audit, Aluminum cable reuse, Metal reprocessing services
Metal recovery and reprocessing facility Aluminium waste management Aluminum scrap market
Metal reprocessing center, Scrap aluminum cable market analysis, Scrap metal prices
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me. https://www.binance.com/ru-UA/register?ref=W0BCQMF1
Metal waste collection solutions Metal recycling repurposing Iron scrap regeneration
Ferrous material certifications, Iron and steel scrapping and reclamation services, Scrap metal brokerage
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
Metal waste remanufacturing Ferrous material recycling value Iron scrap recuperation yard
Ferrous material regulatory standards, Iron scrap procurement, Scrap metal reprocessing depot
Metal recycling center Ferrous material products Iron waste yard
Ferrous material facility maintenance, Iron recycling and reclaiming solutions, Metal reclaiming yard operations
Scrap metal remanufacturing center Ferrous material accreditation Iron waste reclamation depot
Ferrous material imports, Scrap iron yard, Metal reclaimer
Scrap metal reclamation methodologies Ferrous metal collection Iron scrap recovery and processing
Ferrous material waste management analysis, Iron waste reprocessing facility, Metal reclaiming and repurposing services
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-21-2021/ […]