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11 August 2021
Daily Analysis Report
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Asian Bulle n: U.S. dollar strengthens sharply against major peers, Asian stock markets mixed, gold remains well supported above $1,730 mark ahead of U.S. In๏ฌa on
Results
Key Headlines:
โข Japan M2 money stock stands at 5.2 pct vs 5.8 pct previous release.
โข Australia Westpac Consumer Sen ment stands at -4.4 pct vs 1.5 pct previous release.
โข Wall Street rose on Tuesday, with both the blue-chip Dow and benchmark S&P 500 closing at record highs, as economically sensi ve value stocks gained with
the U.S. Senate's passage of a $1 trillion bipar san infrastructure package โ Reuters.
โข Global payments giant JPMorgan Chase & Co (JPM.N) has launched a real- me payments op on that it hopes will increase its edge in the ๏ฌnancial industry's
ba le to handle more of the surging volumes of global digital payments โ Reuters.
โข Shares of P๏ฌzer Inc hit a record high on Tuesday for the ๏ฌrst me in more than 20 years as shares of COVID-19 vaccine makers have surged amid rising
coronavirus cases in the United States โ Reuters.
โข The U.S. dollar edged up on Tuesday, touching a more than four-month high against the euro, as investors speculated further over whether recent strong jobs
data could push the Federal Reserve to soon start tapering its bond-buying program โ Reuters.
Economic Data Ahead:
โข (0600 GMT/1130 IST) German Final CPI, previous 0.9, expected 0.9.
โข (0600 GMT/1130 IST) Japan Prelim Machine Tool Order, previous 96.6.
โข (1230 GMT/1800 IST) U.S. CPI, previous 0.9, expected 0.5.
โข (1230 GMT/1800 IST) U.S. Core CPI, previous 0.9, expected 0.4.
Economic Events Ahead:
โข (1430 GMT/2000 IST) U.S. FOMC Member Bos c Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.01% to 93.05 points.
AUD / USD
BUY SELL
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AUGUST,
2
021
Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7350
R2 S2
0.7370
R3 S3
0.7405
R4
Commentary
S4
0.7422
Buy Above 0.7350
0.7374
0.7328
โ Take Profit
โ Stop Loss
Trade Idea
Sell Below 0.7322
0.7301
0.7347
โ Take Profit
โ Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades almost ๏ฌat and consolidates around $0.7340 mark. It made intraday
high at $0.7349 and low at $0.7334 mark. A day chart and H1 chart with triple EMA suggests bearish
trend for the time being. A sustained close above $0.7350 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $0.7322 will check further supports.
0.7322
0.7302
0.7280
0.7258
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1740
R2 S2
1.7772
R3 S3
1.1798
R4
Commentary
S4
1.1832
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-
Time Frame: H1
EUR/USD: The Euro weakens drastically in previous session and currently trading around $1.1720
mark. Today pair made intraday high at $1.1725 and low at $1.1711. Today triple EMA on a day chart
and H1 chart suggest bearish trend for the time being. A consistent close above $1.1738 on H1 chart
requires for the upside rally. Alternatively, a sustained close below $1.1710 on H1 chart will check
further supports.
EUR / USD
1.1706
1.1682
1.1657
1.1632
Buy Above 1.1742
1.1767
1.1712
โ Take Profit
โ Stop Loss
Trade Idea
Sell Below 1.1705
1.1676
1.1729
โ Take Profit
โ Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2
021
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3857
R2 S2
1.3890
R3 S3
1.3925
R4
Commentary
S4
1.3962
Buy Above 1.3850
1.3874
1.3823
โ Take Profit
โ Stop Loss
Trade Idea
Sell Below 1.3817
1.3791
1.3841
โ Take Profit
โ Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling depreciates gradually against U.S. dollar and hovers around $1.3830 mark.
Today pair made intraday high at $1.3840 and low at $1.3819 mark. A day chart and H1 chart with
triple EMAsuggests bearish trend for the time being.Asustained close above $1.3840 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.3820 will check further supports.
USD
1.3820
1.3801
1.3776
1.3747
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
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
1.2550
R2 S2
1.2590
R3 S3
1.2626
R4
Commentary
S4
1.2648
Buy Above 1.2540
1.2567
1.2516
โ Take Profit
โ Stop Loss
Trade Idea
Sell Below 1.2513
1.2489
1.2533
โ Take Profit
โ Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar remains almost unchanged on Wednesday and trading around
1.2530 mark. Today pair made intraday high at 1.2531 and low at 1.2516 mark. Today a day chart is up
but H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above
1.2550 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2517 on H1
chart will check key supports too.
USD /CAD
1.2510
1.2490
1.2471
1.2438
AUGUST,
2
021
BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
110.76
R2 S2
111.06
R3 S3
111.37
R4
Commentary
S4
111.62
Buy Above 110.72
110.94
110.46
โ Take Profit
โ Stop Loss
Trade Idea
Sell Below 110.34
110.10
110.68
โ Take Profit
โ Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen depreciates on Wednesday and touches 110.68 mark in Asian hours.
The pair made intraday high at 110.68 and low at 110.45 mark. The triple EMA on a day chart and H1
chart suggests up trend for the time being. A sustained close above 110.76 on H1 chart requires for
the upside rally.Alternatively, a consistent close below 110.32 on H1 will check further key supports
USD /JPY
110.32
110.10
109.72
109.40
AUGUST,
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
1738
R2 S2
1742
R3 S3
1748
R4
Commentary
S4
1754
Buy Above 1741
1747
1734
โ Take Profit
โ Stop Loss
Trade Idea
Sell Below 1722
1716
1728
โ Take Profit
โ Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold moves in sti๏ฌ boundaries ahead of U.S. in๏ฌation results and hovers around
$1,730 mark. Today pair made intraday high at $1,735 and low $1,724 mark.Aday chart and H1 chart
with triple EMA suggests down trend for the time being. A sustained close above $1,740 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,721 will check further supports.
XAU [GOLD]
USD
/
1721
1715
1711
1704
AUGUST,
2
021
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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