DAILY ANALYSIS REPORT NOVEMBER 04 2021

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04 November 2021
Daily Analysis Report

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Asian Bulle n: Sterling weakens in Asian Hours ahead of BOE’s Interest Rate Decision, most Asian stock markets in green; gold stabilizes above $1,770 mark
Key Headlines:
• ANZ Commodity Prices stands at 2.1 pct vs 1.5 pct previous release.
• Australia Retail Sales remains unchanged at 1.3 pct.
• Australia Trade Balance stands at 12.24B vs 14.74B previous release.
• Fed’s Powell - Supply and demand imbalances have contributed to sizable price increases.
• Fed’s Powell - The unemployment rate understates the employment shor all.
• Fed’s Powell - Infla on running 'well above 2% goal;' drivers of infla on linked to pandemic; fed can't help supply constraints.
• Fed’s Powell - Our taper would cease by middle of next year.
• Fed’s Powell - Policy to con nue to provide support to recovery.
• A senior U.S. Treasury official said on Wednesday that she hopes a dropped requirement for banks to report account informa on to the Internal Revenue
Service can be restored to sweeping social and climate spending legisla on that Democrats are trying to finalize – Reuters.
• Major Wall Street indexes posted solid gains and marked closing record highs as the Federal Reserve said it will begin trimming its monthly bond purchases in
November with plans to end them in 2022, an announcement that investors had been expec ng – Reuters.
• French health authori es reported 10,050 daily new COVID-19 infec ons on Wednesday, the first me the tally has topped 10,000 since Sept 14 – Reuters.
• Britain declared a na onwide Avian Influenza Preven on Zone on Wednesday, ordering farms and bird keepers to toughen their biosecurity measures a er a
number of cases of bird flu were spo ed in wild birds – Reuters.
• The country's first na onal COVID-19 vaccine mandate, expected to be unveiled by the Biden administra on this week, is likely to unleash a frenzied legal
ba le that will hinge on a rarely used law and ques ons over federal power and authority over healthcare – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Factory Orders, previous -7.7, expected 1.7.
• (0815 GMT/1345 IST) Spain Services PMI, previous 56.9, expected 55.7.
• (0845 GMT/1415 IST) Italy Services PMI, previous 55.5, expected 54.6.
• (0850 GMT/1420 IST) France Services PMI, previous 56.6, expected 56.6.
• (0855 GMT/1425 IST) German Final Services PMI, previous 52.4, expected 52.4.
• (0900 GMT/1430 IST) Euro Final Services PMI, previous 54.7, expected 54.7.
• (0930 GMT/1500 IST) U.K. Construc on PMI, previous 52.6, expected 52.6.
• (1000 GMT/1530 IST) Euro PPI, previous 1.1, expected 2.3.
• (1130 GMT/1700 IST) U.S. Challenger Job Cut, previous -84.9.
• (1200 GMT/1730 IST) U.K. Interest Rate Decision, previous 0.10, expected 0.10.
• (1230 GMT/1800 IST) U.S. Trade Balance, previous -73.3B, expected -80.1B.
• (1230 GMT/1800 IST) U.S. Unemployment Claims Weekly, previous 281K, Expected 273K.
Economic Events Ahead:
• All Day – OPECC JMMC Mee ngs.
• (1300 GMT/1830 IST) ECB President Lagarde Speaks.
• (1300 GMT/1830 IST) U.K. BOE Governor Bailey Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.06% to 93.92 points.

3. AUD / USD
BUY SELL
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NOVEMBER,
2021
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
0.7470
R2 S2
0.7499
R3 S3
0.7527
R4
Commentary
S4
0.7552
Buy Above 0.7471
0.7499
0.7438
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7433
0.7405
0.7463
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades marginally higher after Retail Sales data and hovers around $0.7450
mark. Today pair made intraday high at $0.7470 and low at $0.7437 mark. A day chart is up and H1
chart with triple EMAsuggests down trend for the time being.Asustained close above $0.7470 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7437 will check further
supports.
0.7437
0.7422
0.7400
0.7372

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1615
R2 S2
1.1652
R3 S3
1.1687
R4
Commentary
S4
1.1718
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-
Time Frame: H1
EUR/USD: The Euro falls on Thursday and slips back below $1.1600 mark. Today pair made intraday
high at $1.1616 and low at $1.1592. Today triple EMA on a day chart is down and H1 chart suggests
up trend for the time being.Aconsistent close above $1.1615 on H1 chart requires for the upside rally.
Alternatively, a sustained close below $1.1570 on H1 chart will check further supports.
EUR / USD
1.1570
1.1555
1.1537
1.1502
Buy Above 1.1615
1.1640
1.1589
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1582
1.1560
1.1611
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
NOVEMBER,
2021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3699
R2 S2
1.3721
R3 S3
1.3740
R4
Commentary
S4
1.3778
Buy Above 1.3695
1.3727
1.3670
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3652
1.3622
1.3672
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling spikes down in early Asia ahead of BOE’s Interest Rate Decision and hovers
around $1.3660 mark. Today pair made intraday high at $1.3698 and low at $1.3659 mark.Aday chart
is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$1.3694 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3650 will
check further supports.
USD
1.3650
1.3627
1.3601
1.3578
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
NOVEMBER,
2021

6. 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
1.2405
R2 S2
1.2428
R3 S3
1.2454
R4
Commentary
S4
1.2478
Buy Above 1.2410
1.2437
1.2380
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2376
1.2342
1.2403
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The CAD exhibits range bound movement ahead of Canada’s Trade Balance data and
hovers around 1.2400 mark. The pair made intraday high at 1.2402 and low at 1.2377 mark. Today a
day chart and H1 chart with triple EMA suggests down trend for the time being. A sustained close
above 1.2405 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2378
on H1 chart will check key supports too.
USD /CAD
1.2378
1.2355
1.2330
1.2302
NOVEMBER,
2021

7. 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
114.54
R2 S2
114.78
R3 S3
114.99
R4
Commentary
S4
115.30
Buy Above 114.28
114.54
114.05
– Take Profit
– Stop Loss
Trade Idea
Sell Below 113.92
113.64
114.19
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen depreciates sharply after strong U.S. dollar and stabilizes back above
114.00 mark. The pair made intraday high at 114.24 and low at 113.94 mark. The triple EMA on a day
chart and H1 chart suggest up trend for the time being. A sustained close above 114.25 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 113.96 on H1 chart will check
further key supports.
USD /JPY
113.70
113.42
113.05
112.80
NOVEMBER,
2021

8. 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
1782
R2 S2
1789
R3 S3
1794
R4
Commentary
S4
1804
Buy Above 1781
1786
1777
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1768
1762
1773
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold weakened sharply in previous session after robust U.S. indicators and
slightly dovish FOMC Statement. Today pair made intraday high at $1,778 and low at $1,769 mark. A
day chart and H1 chart with triple EMA suggests down trend for the time being. A sustained close
above $1,782 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,762
will check further supports. U.S.Trade Balance data will be in focus for the day.
XAU [GOLD]
USD
/
1768
1762
1757
1751
NOVEMBER,
2021

9. Thank
you!
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