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24 February, 2021
Daily Analysis Report

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+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Kiwi spikes up sharply as RBNZ stands pat, keeps interest rate unchanged; most Asian stock markets in red; gold slightly up
Key Headlines:
• RBNZ keeps interest rate unchanged at 0.25 pct.
• RBNZ Governor Adrian Orr - Infla on and employment will remain below its targets in the medium term.
• RBNZ Governor Adrian Orr - Want to retain all s mulus op ons, 'aware' of rise in global bond yields.
• RBNZ Governor Adrian Orr - If monetary condi ons ghten too much we can alter se ngs, the OCR can go lower.
• U.S. Fed Reserve Chair Jerome Powell - Interest rates will remain low and the Fed will keep buying bonds to support the U.S. economy.
• U.S. Fed Reserve Chair Jerome Powell - S ll a long way to go to full recovery.
• U.S. Fed Reserve Chair Jerome Powell - Most important for economy now is vaccina ng.
• U.S. Fed Reserve Chair Jerome Powell - Will not commit to any fed decision on bank dividend restric ons.
• U.S. Fed Reserve Chair Jerome Powell – Likely to keep Monetary Policy accommoda ve.
• U.S. and Canada President showed readiness to work together to counteract Chinese influence and address climate change.
• U.S. President Joe Biden and Iraqi Prime Minister Mustafa Al-Kadhimi discussed recent rocket a acks on Iraq; agreed those responsible “must be held fully to
account – White House.
• Japan PM Taro Aso - The country will likely be forced to keep issuing deficit-covering bonds at least un l 2025.
• Bitcoin erased previous gain from historical high of $58,354 to $44,845.
• Australia construc on work done stands at -0.9 pct vs -1.8 pct previous release (expected).
• Australia wage price index stands at 0.6 pct vs 0.1 pct previous release (expected 0.3).
• South Korea manufacturing BSI index stands at 83 vs 84 previous release.
Economic Data Ahead:
• (0700 GMT/1230 IST) German final GDP, previous 0.1, expected 0.1.
• (1330 GMT/1900 IST) Canada corporate profit, previous 44.9.
• (1500 GMT/2030 IST) U.S. New home sales, previous 842K, expected 853K.
Economic Events Ahead:
• (1200 GMT/1730 IST) U.K. MPC member Haldane speaks.
• (1430 GMT/2000 IST) U.K. Monetary Policy Report Hearings.
• (1500 GMT/2030 IST) Fed Chair Powell’s Tes mony.
• (1530 GMT/2100 IST) U.S. FOMC member Brainard speaks.
• (1800 GMT/2330 IST) U.S. FOMC member Clarida speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.07% to 90.11 points.

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AUD / USD
BUY SELL
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FEBRUARY,
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
0.7940
R2 S2
0.7988
R3 S3
0.8038
R4
Commentary
S4
0.8056
Buy Above 0.79420
0.79702
0.79192
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.78834
0.78294
0.79373
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie remains slightly volatile after mixed economic data released in early Asian
hours. The pair made intraday high at $0.7945 mark, and low at $0.7902 mark. It is the highest
level since Feb 2018. On a day chart, triple EMA signals bullish trend while on H1 chart despite
uptrend, some lower side correction has been observed. The expected range for the parity will be
$0.7889 to $0.7940 mark. A sustained close of either side on H1 chart will provide further direction
to the parity.
0.7889
0.7842
0.7799
0.7740

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BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2205
R2 S2
1.2264
R3 S3
1.2323
R4
Commentary
S4
1.2352
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-
Time Frame: H1
EUR/USD: The euro moves in stiff boundaries on Wednesday and stabilizes around $1.2150
mark. The triple EMA on H1 and a Day chart confirm the bullish trend only. Current downside
movement is short term trend correction only. The likely range for the parity will be $1.2175 to
$1.2136 mark. A sustained close of either side on H1 chart will provide further direction to the
parity.
EUR / USD
1.2136
1.2090
1.2020
1.1961
FEBRUARY,
2
021
Buy Above 1.21670
1.21918
1.21432
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.21347
1.21083
1.21634
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50

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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
1.4248
R2 S2
1.4286
R3 S3
1.4345
R4
Commentary
S4
1.4371
Buy Above 1.41853
1.42336
1.41417
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.41198
1.40741
1.41643
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling soars and touches $1.4241 mark in Asian hours. It is the highest level
since April 2018. Today U.K.’s Monetary Policy Report Hearing is due to release at 1430 GMT,
which will provide further path of the parity. The expected range for the parity will be $1.4278 to
$1.4064 mark. A consistent close of either side will give future directions to the parity. Here the
triple EMA and RSI give bullish trend confirmation for the time being.
USD
1.4064
1.4030
1.3989
1.3951
FEBRUARY,
2
021
GBP/

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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
1.2610
R2 S2
1.2642
R3 S3
1.2674
R4
Commentary
S4
1.2730
Buy Above 1.26009
1.26348
1.25677
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.25509
1.25146
1.25930
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar remains slightly volatile on Wednesday and stabilizes below 1.26
mark. The long and short run technical tools still suggest downside pressure only. A sustained
close above 1.2610 on H1 will drag the parity up towards further resistances. Alternatively, a
consistent close below 1.2580 on a day chart requires for the downside rally.
USD /CAD
1.2544
1.2527
1.2495
1.2411
FEBRUARY,
2
021

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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
105.55
R2 S2
105.92
R3 S3
106.38
R4
Commentary
S4
106.78
Buy Above 105.626
105.822
105.419
– Take Profit
– Stop Loss
Trade Idea
Sell Below 105.227
104.996
105.481
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen depreciates on Wednesday and hovers around 105.50 mark. The
pair rejects key support at 104.92 mark and took reversal from there. The triple EMA on a day and
H1 chart confirm the bullish trend for the time being. A sustained close above 105.55 on H1 chart
requires for the upside rally. Alternatively, reversal from key resistance will drag the parity down
below 105.00 mark.
USD /JPY
104.92
104.55
104.20
103.76
FEBRUARY,
2
021

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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
1822
R2 S2
1827
R3 S3
1832
R4
Commentary
S4
1840
Buy Above 1815.07
1824.02
1805.75
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1804.02
1797.43
1811.71
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold moves in stiff boundaries and remains well supported above $1,800
mark. The Fed Chair Powell’s testimony failed to bring extreme volatility in the gold. Today will be
the 2nd day of the testimony. On H1 chart, parity confirms the bullish trend while on a day chart
still downside pressure is likely. The pair made intraday high at $1,813 and low at $1,804 mark. A
sustained close above $1,815 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,798 will check further supports.
XAU [GOLD]
USD
/
1802
1794
1787
1778
FEBRUARY,
2
021

9.
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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