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DAILY ANALYSIS REPORT JUNE 10 2021

Jun. 10, 2021
DAILY ANALYSIS REPORT JUNE 10 2021
DAILY ANALYSIS REPORT JUNE 10 2021
DAILY ANALYSIS REPORT JUNE 10 2021
DAILY ANALYSIS REPORT JUNE 10 2021
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DAILY ANALYSIS REPORT JUNE 10 2021
DAILY ANALYSIS REPORT JUNE 10 2021
DAILY ANALYSIS REPORT JUNE 10 2021
DAILY ANALYSIS REPORT JUNE 10 2021
DAILY ANALYSIS REPORT JUNE 10 2021
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DAILY ANALYSIS REPORT JUNE 10 2021

  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 10 June, 2021 Daily Analysis Report
  2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar trades marginally higher against major peers ahead of U.S. CPI results, Asian stock markets extremely up; gold stabilizes below $1,890 mark Key Headlines: • U.K. RICS House Price balance stands at 83 pct vs 76 pct previous release. • Japan PPI stands at 4.9 pct vs 3.8 pct previous release. • Australia MI infla on expecta ons stand at 4.4 pct vs 3.5 pct previous release. • Japanese Prime Minister Yoshihide Suga’s administra on likely to compile a large-scale economic s mulus package before calling a snap elec on in September – Nikkei News Paper. • PBOC's Yi - Consumer infla on in China below 2%. • PBoC’s Yi - China to keep yuan Exchange Rate basically stable. • PBoC’s Yi - Expects China GDP Expansion to be close to its poten al growth rate. • BOJ - Rising commodity prices reflect that the global recovery is pushing up a broad range of wholesale goods prices in Japan. • Biden Revokes Trump Ac ons Targe ng TikTok, WeChat – Bloomberg. • Biden Signs execu ve order requiring consumer data protec ons for Foreign Apps – Bloomberg. • BOE's Haldane - This is `Dangerous Moment' for monetary policy. Economic Data Ahead: • (0645 GMT/1215 IST) France Industrial Produc on, previous 0.8, expected 0.5. • (0800 GMT/1330 IST) Italy Industrial Produc on, previous -0.1, expected 0.3. • (1145 GMT/1715 IST) Euro Interest Rate Decision, previous 0.00, expected 0.00. • (1230 GMT/1800 IST) U.S. CPI, previous 0.8, expected 0.4. • (1230 GMT/1800 IST) U.S. Core CPI, previous 0.9, expected 0.5. • (1230 GMT/1800 IST) U.S. Unemployment Claims weekly, previous 385K, expected 370K. • (1800 GMT/2330 IST) U.S. Federal Budget balance, previous -225.6B, expected -245.0B. Economic Events Ahead: • (1230 GMT/1800 IST) ECB Press Conference. 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 90.18 points.
  3. AUD / USD BUY SELL R E P O R T F R O M : T P G LO B A L F X JUNE, 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 0.7740 R2 S2 0.7772 R3 S3 0.7799 R4 Commentary S4 0.7827 Buy Above 0.7741 0.7767 0.7726 – Take Profit – Stop Loss Trade Idea Sell Below 0.7721 0.7699 0.7742 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie trades marginally higher on Thursday and remains well supported above $0.7720 mark. The pair made intraday high at $0.7736 and low at $0.7722 mark. A day chart is slightly bullish but likely to give crossover while H1 chart with triple EMA has confirmed the bearish trend for the time being. A sustained close above $0.7740 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7720 will check further supports. 0.7720 0.7702 0.7680 0.7650
  4. 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 1.2180 R2 S2 1.2199 R3 S3 1.2224 R4 Commentary S4 1.2248 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro trades slightly lower ahead of ECB’s Interest Rate Decision. Today pair made intraday high at $1.2180 and low at $1.2166. Today triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A consistent close above $1.2180 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2158 on H1 chart will check further supports. EUR / USD 1.2158 1.2122 1.2100 1.2080 Buy Above 1.2182 1.2204 1.2162 – Take Profit – Stop Loss Trade Idea Sell Below 1.2152 1.2121 1.2177 – Take Profit – Stop Loss Trade Idea Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 JUNE, 2 021
  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 1.4140 R2 S2 1.4163 R3 S3 1.4190 R4 Commentary S4 1.4224 Buy Above 1.4142 1.4175 1.4121 – Take Profit – Stop Loss Trade Idea Sell Below 1.4097 1.4070 1.4130 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The Sterling falls noticeably on Thursday and hovers around $1.4100 mark. The pair made intraday high at $1.4124 and low at $1.4106 mark. A day chart is up but H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1.4140 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4087 will check further supports. USD 1.4087 1.4065 1.4038 1.4010 GBP/ Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 JUNE, 2 021
  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=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1.2121 R2 S2 1.2148 R3 S3 1.2176 R4 Commentary S4 1.2222 Buy Above 1.2122 1.2149 1.2100 – Take Profit – Stop Loss Trade Idea Sell Below 1.2095 1.2068 1.2119 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The Canadian dollar remained highly volatile in previous session after BOC’s Cash Rate Decision. There was not any surprise in Policy Statement as expected by the traders and took it as dovish stance. Today pair made intraday high at 1.2123 and low at 1.2104 mark. Today a day chart is bearish while H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above 1.2121 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2062 on H1 chart will check key supports too. USD /CAD 1.2090 1.2061 1.2038 1.2000 JUNE, 2 021
  7. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 109.70 R2 S2 109.94 R3 S3 110.32 R4 Commentary S4 110.78 Buy Above 109.68 109.91 109.38 – Take Profit – Stop Loss Trade Idea Sell Below 109.32 109.04 109.57 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen remains almost unchanged despite higher than expected PPI data. The pair made intraday high at 109.67 and low at 109.51 mark. The triple EMA on a day chart and H1 chart suggests bullish trend for the time being. A sustained close above 109.70 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.40 on H1 will check further key supports. USD /JPY 109.40 109.00 108.76 108.38 JUNE, 2 021
  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 Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1892 R2 S2 1897 R3 S3 1902 R4 Commentary S4 1907 Buy Above 1890 1896 1883 – Take Profit – Stop Loss Trade Idea Sell Below 1881 1875 1889 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold weakened in previous session in the absence of key economic indicators from the U.S. Today gold trades in narrow range ahead of U.S.’s CPI and Core CPI data. High volatility above $15 is expected during the data release. Today the pair made intraday high at $1,889 and low $1,884 mark. A day chart is up while H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $1,892 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,882 will check further supports XAU [GOLD] USD / 1882 1876 1872 1864 JUNE, 2 021
  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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