DAILY ANALYSIS REPORT JULY 08 2021

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08 July 2021
Daily Analysis Report

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Asian Bulle n: Japanese yen remains vola le a er mixed economic data, most Asian stock markets in red, gold hovers around $1,800 mark
Key Headlines:
• U.K. RICS house price balance stands at 83 pct vs 82 pct previous release.
• Japan bank lending stands at 1.4 pct vs 2.8 pct previous release.
• Japan Current account stands at 1.87T vs 1.55T previous release.
• S&P 500, Nasdaq post record closing highs a er Fed minutes.
• Federal Reserve officials con nued to discuss in June how they could poten ally structure a permanent facility for suppor ng U.S. money markets – Fed
Minutes.
• It could be appropriate to adjust the rate over me based on the economy or market condi ons – Fed Minutes.
Economic Data Ahead:
• (6000 GMT/1130 IST) German Trade balance, previous 15.9B, expected 15.8B.
• (1230 GMT/1800 IST) U.S. unemployment claims weekly, previous 364K, expected 345K.
• (1500 GMT/2030 IST) U.S. Crude oil inventories, previous -6.7M, expected -4.0M.
Economic Events Ahead:
• (1130 GMT/1700 IST) ECB Monetary Policy Mee ng Accounts.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.10% to 92.73 points.

3. AUD / USD
BUY SELL
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JULY,
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
0.7490
R2 S2
0.7520
R3 S3
0.7542
R4
Commentary
S4
0.7575
Buy Above 0.7490
0.7521
0.7455
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7440
0.7410
0.7478
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie depreciates in early Asia and remains well supported below $0.75 mark.
The pair made intraday high at $0.7488 and low at $0.7456 mark. A day chart as well as H1 chart
with triple EMA suggests bearish trend for the time being. A sustained close above $0.7490 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7440 will check further
supports.
0.7440
0.7420
0.7398
0.7372

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1805
R2 S2
1.1832
R3 S3
1.1850
R4
Commentary
S4
1.1878
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-
Time Frame: H1
EUR/USD: The euro moves in stiff boundaries and slips below $1.1800 mark. The pair hits lowest
level since April 05, 2021. Today pair made intraday high at $1.1799 and low at $1.1783. Today
triple EMA on a day and H1 chart suggest down trend for the time being. A consistent close above
$1.1805 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1760
on H1 chart will check further supports.
EUR / USD
1.1760
1.1740
1.1710
1.1685
Buy Above 1.1805
1.1828
1.1780
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1776
1.1752
1.1800
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JULY,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3810
R2 S2
1.3837
R3 S3
1.3855
R4
Commentary
S4
1.3879
Buy Above 1.3805
1.3832
1.3771
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3752
1.3722
1.3784
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling falls on Thursday and remains well supported below $1.3800 mark. The
pair made intraday high at $1.3805 and low at $1.3776 mark. A day chart and H1 chart with triple
EMA suggests down trend for the time being. A sustained close above $1.3810 on H1 chart will
check key resistances. Alternatively, a consistent close below $1.3765 will check further supports.
USD
1.3752
1.3732
1.3705
1.3608
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JULY,
2
021

6. 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
1.2525
R2 S2
1.2540
R3 S3
1.2578
R4
Commentary
S4
1.2597
Buy Above 1.2525
1.2555
1.2480
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2471
1.2452
1.2502
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar depreciates on Thursday and jumps back above 1.2500 mark.
Today pair made intraday high at 1.2517 and low at 1.2471 mark. Today a day chart and H1 chart
with triple EMA suggests up trend for the time being. A sustained close above 1.2525 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2475 on H1 chart will check
key supports too.
USD /CAD
1.2450
1.2410
1.2382
1.2365
JULY,
2
021

7. BUY SELL
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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
110.75
R2 S2
110.94
R3 S3
111.22
R4
Commentary
S4
111.48
Buy Above 110.70
110.94
110.38
– Take Profit
– Stop Loss
Trade Idea
Sell Below 110.32
110.12
110.65
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen marginally higher on robust current account data and hovers around
110.50 mark. The pair made intraday high at 110.67 and low at 110.46 mark. The triple EMA on a
day chart is up while H1 chart suggests down trend for the time being. A sustained close above
110.75 on H1 chart requires for the upside rally. Alternatively, a consistent close below 110.40 on
H1 will check further key supports.
USD /JPY
109.72
110.01
110.28
110.40
JULY,
2
021

8. 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
1804
R2 S2
1809
R3 S3
1815
R4
Commentary
S4
1821
Buy Above 1805
1811
1798
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1791
1784
1799
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold starts a new day on a lower note and touches $1,796 mark in Asian
hours. Today pair made intraday high at $1,805 and low $1,796 mark. A day chart is bearish but
H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above $1,806
on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,794 will check
further supports. U.S. will only release unemployment claims weekly data for the day.
XAU [GOLD]
USD
/
1789
1784
1778
1772
JULY,
2
021

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