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DAILY ANALYSIS REPORT FEBRUARY 02 2021

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analysis@tpglobalfx.com
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02 February, 2021
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie falls dras cally a er RBA’s Interest Rate Decision, Asian st...
AUD / USD
BUY SELL
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FEBRUARY,
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Technical Summary
Trends Down Trend
Moving Ave...
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DAILY ANALYSIS REPORT FEBRUARY 02 2021

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com R E P O R T F R O M : T P G LO B A L F X 02 February, 2021 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie falls dras cally a er RBA’s Interest Rate Decision, Asian stock markets in green, gold down Key Headlines: • RBA – Kept Interest Rate unchanged at 0.10 pct. • RBA – Purchase an addi onal $100 billion of bonds issued by the Australian Government and states and territories when the current bond purchase program is completed in mid April. • RBA - Path ahead is likely to remain bumpy and uneven. • RBA - Infla on remains low and below central bank targets. • RBA - GDP to grow by 3½ per cent over both 2021 and 2022. • RBA - Unemployment likely to be around 6 per cent at the end of 2021 and 5½ per cent at the end of 2022. • RBA - Infla on is expected to be 1¼ per cent over 2021 and 1½ per cent over 2022. • RBA - The Board will not increase the cash rate un l actual infla on is sustainably within the 2 to 3 per cent target range. • South Korea CPI y/y stands at 0.6 pct vs 0.5 pct previous release (expected 0.3). • Silver spiked up sharply and touched $30.13 in previous session, hit highest level since Feb 2013. • Oil prices go up as OPEC+ members support prices with produc on cuts. • U.S. President Biden – He will not se le for Covid - 19 aid package that “fails to meet the moment”. • Fed’s Bos c – Hard to pinpoint how much more fiscal help is needed. • Fed’s Kaplan – To return to normal, need aggressive Fiscal and Fed ac on. • Britain faces trade issue on overloaded paperwork everywhere. Economic Data Ahead: • (0700 GMT/1230 IST) U.K. Na onwide HPI m/m, previous 0.8, expected 0.3. • (0745 GMT/1315 IST) France Prelim CPI, previous 0.2, expected 0.0. • (0800 GMT/1330 IST) Spain unemployment change, previous 36.8K, expected 35.3K. • (0900 GMT/1430 IST) Italy prelim GDP, previous 15.9, expected -2.0. • (1000 GMT/1530 IST) Euro prelim flash GDP, previous 12.5, expected -0.9. 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 down 0.10% to 90.89 points.
  3. 3. AUD / USD BUY SELL R E P O R T F R O M : T P G LO B A L F X FEBRUARY, 2 021 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 0.7676 R2 S2 0.7712 R3 S3 0.7776 R4 Commentary S4 0.7854 Buy Above 0.76707 0.76964 0.76416 – Take Profit – Stop Loss Trade Idea Sell Below 0.76101 0.75829 0.76441 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie weakens sharply after RBA’s Monetary Policy Statement as RBA kept interest rate unchanged as expected. The pair made intraday high at $0.7661 and low at $0.7616 mark. Here both RSI and EMA confirm the bearish trend on H1 chart, while triple EMA still confirms upside movement on a Day Chart. A sustained close below $0.7602 will check key supports. Alternatively, reversal from hey support will drag the parity back above $0.7650 mark. 0.7602 0.7590 0.7520 0.7500
  4. 4. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 1.3740 R2 S2 1.3762 R3 S3 1.3802 R4 Commentary S4 1.3844 Buy Above 1.37203 1.37560 1.36779 – Take Profit – Stop Loss Trade Idea Sell Below 1.36743 1.36433 1.37101 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The pound exhibits range bound movement and consolidates around $1.3690 mark. Both RSI and triple EMA support the uptrend. The key boundaries for the parity will be $1.3703 and $1.3658 mark. A sustained close of either side will get further directions to the parity. GBP / USD 1.3658 1.3622 1.3600 1.3552 FEBRUARY, 2 021
  5. 5. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.2128 R2 S2 1.2160 R3 S3 1.2232 R4 Commentary S4 1.2265 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro reverses previous loss against U.S. dollar and trades marginally higher on Tuesday. On a day chart, triple EMA still suggests the trend reversal while H1 chart confirms the bearish trend. Here, yesterday’s close and today’s low are same as $1.2059 mark. A consistent close below requires for the downside rally. Otherwise, current upside trend will take the parity back above $1.21 mark. EUR / USD 1.2058 1.2040 1.2001 1.1922 FEBRUARY, 2 021 Buy Above 1.21046 1.21297 1.20784 – Take Profit – Stop Loss Trade Idea Sell Below 1.20606 1.20395 1.20831 – Take Profit – Stop Loss Trade Idea Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50
  6. 6. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary Trends Up Trend Moving Average (Period=75A) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1.2840 R2 S2 1.2882 R3 S3 1.2902 R4 Commentary S4 1.2957 Buy Above 1.28589 1.28872 1.28296 – Take Profit – Stop Loss Trade Idea Sell Below 1.28023 1.27701 1.28408 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The Canadian dollar trades marginally higher on Tuesday and trading around 1.2830 mark. On a day chart, triple EMA supports the bearish trend while on H1 chart, triple EMA and RSI confirm up trend. The key range for the day will be 1.2840 and 1.2810 mark. A sustained close of either side will only provide further direction of the parity. USD /CAD 1.2810 1.2780 1.2735 1.2690 FEBRUARY, 2 021
  7. 7. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 105.42 R2 S2 105.94 R3 S3 106.26 R4 Commentary S4 106.50 Buy Above 105.047 105.307 104.778 – Take Profit – Stop Loss Trade Idea Sell Below 104.776 104.536 105.035 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen moves in stiff boundaries on Tuesday and breaks key hurdle at 104.90 mark. The pair remains well supported above triple EMA and thus signifies bullish trend for the time being. A daily close below 104.10 will check key supports. On the top side, a consistent close above 104.92 requires for the upside rally. USD /JPY 104.10 103.57 102.90 102.50 FEBRUARY, 2 021
  8. 8. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 1867 R2 S2 1872 R3 S3 1884 R4 Commentary S4 1892 Buy Above 1862.53 1870.53 1852.67 – Take Profit – Stop Loss Trade Idea Sell Below 1848.56 1841.42 1858.88 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold weakens on Tuesday and faces key hurdle to break $1,872 mark. On a Day Chart, both RSI and EMA signal the bearish trend. Alternatively, a sustained close above $1,872 requires for the upside rally. In addition, key downside hurdle is seen at $1,847 mark. A consistent close below will check further supports too. Today no key economic indicators are schedule to release from the U.S. XAU [GOLD] USD / 1847 1840 1832 1820 FEBRUARY, 2 021
  9. 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com R E P O R T F R O M : T P G L O B A L F X /tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia. Disclamer: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note

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