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21 July 2021
Daily Analysis Report
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Asian Bulle n: Aussie falls sharply in early Asian hours on the back of lower than expected retail sales data, Asian stock markets mixed, gold stabilizes above $1,800 mark
Key Headlines:
• Japan trade balance stands at -0.09T vs 0.02T previous release.
• Australia MI leading Index stands at -0.1 vs 0.1 pct previous release.
• Australia retail sales stand at -1.8 pct vs 0.4 pct previous release.
• South Korea PPI m/m stands at 0.4 pct vs 0.5 pct previous release.
• The U.S. issues a 'Do Not Travel' advisory for the UK – Reuters.
• Peru's electoral authority named socialist Pedro Cas llo as the country's next president – Reuters.
• Wall Street ended sharply higher on Tuesday, bouncing back from a mul -day losing streak as a string of upbeat earnings reports and revived economic
op mism fueled a risk-on rally – Reuters.
• The U.S. State Department has lowered its COVID-related travel advisory for India to "Level 3 – Reconsider Travel," the department said in a statement on
Tuesday – Reuters.
• Peru has signed a deal to purchase 20 million doses of Russia's Sputnik V vaccine, the Health Ministry said on Tuesday – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) U.K. Public Sector Net Borrowing, previous 23.6B, expected 21.5B.
• (1230 GMT/1800 IST) Canada NHPI, previous 1.4, expected 1.1.
• (1430 GMT/2000 IST) U.S. Crude Oil Inventories, previous -7.9M, expected -4.6M.
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 up 0.07% to 93.04 points.
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
0.7340
R2 S2
0.7370
R3 S3
0.7399
R4
Commentary
S4
0.7420
Buy Above 0.7340
0.7370
0.7300
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7289
0.7258
0.7322
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie continues to trade lower against U.S. dollar asAustralia released Retail Sales
data with lower than expected number and hovers around $0.7300 mark. It made intraday high at
$0.7340 and low at $0.7302 mark.Aday chart and H1 chart with triple EMAsuggests bearish trend for
the time being. A sustained close above $0.7340 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $0.7290 will check further supports.
0.7300
0.7271
0.7255
0.7221
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1790
R2 S2
1.1840
R3 S3
1.1876
R4
Commentary
S4
1.1902
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-
Time Frame: H1
EUR/USD: The Euro weakens noticeably against U.S. dollar and stabilizes below $1.1800 mark.
Today pair made intraday high at $1.1783 and low at $1.1770. Today triple EMAon a day chart and H1
chart suggest bearish trend for the time being.Aconsistent close above $1.1790 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.1754 on H1 chart will check further
supports.
EUR / USD
1.1754
1.1737
1.1700
1.1680
Buy Above 1.1790
1.1815
1.1768
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1762
1.1738
1.1790
– 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
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3640
R2 S2
1.3672
R3 S3
1.3704
R4
Commentary
S4
1.3738
Buy Above 1.3650
1.3682
1.3621
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3602
1.3572
1.3621
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling sinks sharply in previous session and touched $1.3571 mark. Today pair
made intraday high at $1.3642 and low at $1.3606 mark. A day chart and H1 chart with triple EMA
suggests bearish trend for the time being.Asustained close above $1.3640 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.3585 will check further supports.
USD
1.3585
1.3565
1.3520
1.3490
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JULY,
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
1.2737
R2 S2
1.2760
R3 S3
1.2784
R4
Commentary
S4
1.2836
Buy Above 1.2730
1.2760
1.2697
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2670
1.2638
1.2702
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar enjoys roller coaster movement and stabilizes around 1.2700 mark.
Today pair made intraday high at 1.2712 and low at 1.2672 mark. Today a day chart is up but H1 chart
with triple EMAsuggests bearish trend for the time being.Asustained close above 1.2737 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2672 on H1 chart will check key
supports too.
USD /CAD
1.2672
1.2640
1.2610
1.2580
JULY,
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
110.04
R2 S2
110.22
R3 S3
110.50
R4
Commentary
S4
110.76
Buy Above 110.04
110.32
109.76
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.70
109.48
109.96
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower as trade balance data misses expectations.
The pair made intraday high at 109.98 and low at 109.78 mark. The triple EMA on a day chart and H1
chart suggests bullish trend for the time being. A sustained close above 110.00 on H1 chart requires
for the upside rally. Alternatively, a consistent close below 109.70 on H1 will check further key
supports.
USD /JPY
109.70
109.42
109.10
108.78
JULY,
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
1812
R2 S2
1820
R3 S3
1824
R4
Commentary
S4
1830
Buy Above 1812
1818
1806
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1804
1798
1810
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold weakens sharply in previous session but remained well supported above
$1,800 mark. Today pair made intraday high at $1,811 and low $1,805 mark.Aday chart and H1 chart
with triple EMAsuggests bearish trend for the time being.Asustained close above $1,812 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,800 will check further supports.
XAU [GOLD]
USD
/
1798
1791
1786
1781
JULY,
2
021
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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