Daily Market Report: April 13, 2021
Today’s events & figures – Trade what you know Financial markets feed into world events and are their direct consequence. Keep a daily eye on our roundup of the day’s news, numbers and announcements.
April 13, 2021
Stocks Mixed Ahead of Key Inflation Report
Last: 33.00
Pivot: 33.00
Review:
US stocks were mixed after the close on Monday, as gains in the Consumer Goods, Industrials and Financials sectors led shares higher while losses in the Oil & Gas, Technology and Healthcare sectors held shares back. At the close in NYSE, the Dow Jones Industrial Average declined by 0.16%, while the S&P 500 index added a minute 0.01%, and the NASDAQ Composite index fell 0.36%.
Technical comment:
The RSI is bullish and calls for further upside.
Preference scenario:
Long positions above 33,580.00, with targets at 33,830.00 & 34,100.00 in extension.
Alternative scenario:
Below 33,580.00, look for further downside with 33,470.00 & 33,340.00 as targets.
Resistance | 33.00 | 34.00 | 34.00 |
Support | 33.00 | 33.00 | 33.00 |

Last: 1.2561
Pivot: 1.2532
Review:
The USD/CAD exchange rate traded slightly lower, closing at 1.2561
Technical comment:
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50-period moving averages (respectively at 1.2552 and 1.2549).
Preference scenario:
The upside prevails as long as 1.2532 remains support.
Alternative scenario:
The downside breakout of 1.2532 would call for 1.2499 and 1.2480 in extension.
Resistance | 1.2602 | 1.2622 | 1.2641 |
Support | 1.2532 | 1.2499 | 1.2480 |

Last: 1.00
Pivot: 1.00
Review:
Gold prices fell for a second straight day on Monday, remaining stuck under the critical $1,750 per ounce level despite a sluggish Dollar and marginal advances in US bond yields.
Technical comment:
The RSI is mixed with a bearish bias.
Preference scenario:
Short positions below 1,739.00, with targets at 1,724.00 & 1,715.00 in extension.
Alternative scenario:
Above 1,739.00, look for further upside with 1,745.00 & 1,749.00 as targets.
Resistance | 1.00 | 1.00 | 1.00 |
Support | 1.00 | 1.00 | 1.00 |

Last: 59.69
Pivot: 60.00
Review:
Oil prices rose on Monday as geopolitical risk was once again injected into prices, this time in the form of increasing tensions in the Persian Gulf.
Technical comment:
The RSI is mixed to bearish.
Preference scenario:
Short positions below 60.00, with targets at 59.23 & 58.80 in extension.
Alternative scenario:
Above 60.00, look for further upside with 60.76 & 61.60 as targets.
Resistance | 60.00 | 60.76 | 61.60 |
Support | 59.23 | 58.80 | 58.00 |

Last: 1.1914
Pivot: 1.1890
Review:
The EUR/USD currency pair traded very slightly lower on Monday, closing at 1.1914.
Technical comment:
The RSI calls for a new up leg.
Preference scenario:
Long positions above 1.1890, with targets at 1.1940 & 1.1960 in extension.
Alternative scenario:
Below 1.1890, look for further downside with 1.1870 & 1.1850 as targets.
Resistance | 1.1940 | 1.1960 | 1.1990 |
Support | 1.1890 | 1.1870 | 1.1850 |

Last: 1.3754
Pivot: 1.3710
Review:
The GBP/USD exchange rate attempted a rebound as the UK economy continues to reopen.
Technical comment:
The RSI is bullish and calls for further upside.
Preference scenario:
Long positions above 1.3710, with targets at 1.3775 & 1.3810 in extension.
Alternative scenario:
Below 1.3710, look for further downside with 1.3690 & 1.3670 as targets.
Resistance | 1.3775 | 1.3810 | 1.3840 |
Support | 1.3710 | 1.3690 | 1.3670 |

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