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Daily analysis report october 30, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
30 October, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen strengthens on higher than expected industrial produc ...
AUD / USD
REPORTFROM:TPGLOBALFXOCTOBER,2020
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below M...
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Daily analysis report october 30, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 30 October, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen strengthens on higher than expected industrial produc on data; Asian stock markets dras cally down; gold hovers around $1,870 mark Asian Headlines: • Japan Tokyo Core CPI stands at -0.5 pct vs -0.2 pct previous release (expected -0.5). • Japan unemployment rate stands at 3.0 pct vs 3.1 pct expected. • Japan Prelim industrial produc on stands at 4.0 vs 1.0 pct previous release (expected 3.0). • Australia PPI q/q stands at 0.4 pct vs -1.2 pct previous release (expected 0.4). • Australia private sector credit stands at 0.1 pct vs 0.0 pct previous release (expected 0.1). • South Korea industrial produc on stands at 5.4 pct vs -0.3 pct previous release (expected 3.0). • Singapore bank lending stands at 677.5B vs 677.9B previous release. Economic Data Ahead: • (0230 ET/0630 GMT) France consumer spending, previous 2.3, expected -2.0. • (0230 ET/0630 GMT) France flash GDP, previous -13.8, expected 15.0. • (0300 ET/0700 GMT) German prelim GDP, previous -9.7, expected 7.3. • (0300 ET/0700 GMT) German retail sales, previous 3.1, expected -0.6. • (0330 ET/0730 GMT) Swiss retail sales, previous 2.5, expected 2.8. • (0345 ET/0745 GMT) France prelim CPI, previous -0.5, expected 0.0. • (0400 ET/0800 GMT) Swiss KOF economic barometer, previous 113.8, expected 107.9. • (0400 ET/0800 GMT) Spain flash GDP, previous -17.8, expected 13.5. • (0500 ET/0900 GMT) Italy monthly unemployment rate, previous 9.7, expected 10.1. • (0600 ET/1000 GMT) Euro flash CPI, previous -0.3, expected -0.3. • (0600 ET/1000 GMT) Euro core CPI, previous 0.2, expected 0.2. • (0600 ET/1000 GMT) Italy prelim CPI, previous -0.6, expected 0.2. • (0600 ET/1000 GMT) Euro flash GDP q/q, previous -11.8, expected 9.5. • (0600 ET/1000 GMT) Euro unemployment rate, previous 8.1, expected 8.2. • (0700 ET/1100 GMT) Italy prelim GDP q/q, previous -12.8, expected 11.1. • (0830 ET/1230 GMT) Canada GDP m/m, previous 3.0, expected 0.9. • (0830 ET/1230 GMT) U.S. personal spending, previous 1.0, expected 1.0. • (0830 ET/1230 GMT) U.S. personal income, previous -2.7, expected 0.3. • (0945 ET/1345 GMT) U.S. Chicago PMI, previous 62.4, expected 58.2. • (1000 ET/1400 GMT) U.S. revised UoM consumer sen ment, previous 81.2, expected 81.2. Economic Events Ahead: • (1030 ET/1430 GMT) German Buba president Weidmann speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.14% to 93.83 points. USD/JPY: The Japanese yen rises on robust industrial produc on data. A sustained close above 104.57 will take the parity higher towards key resistance around 104.92, 105.20, 105.94, 106.22, 106.92, 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 104.32 will drag the parity down towards 104.20, 103.97, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie trades flat on Friday as PPI data meets expecta ons. The pair made intraday high at $0.7055 and low at $0.7022 marks. On the top side key resistances are seen at $0.7090, $0.7122, $0.7170, $0.7190, $0.7222, $0.7240 and $0.7290 mark respec vely. On the other hand, a consistent close below $0.7028 will take the parity down towards key supports around $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely. NZD/USD: The Kiwi moves in rigid boundaries and stabilizes above $0.6600 mark. Pair made intraday high at $0.6642 and low at $0.6619 mark. Key resistances are seen at $0.6710, $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6628 will drag the parity down towards key supports around $0.6602, $0.6578, $0.6527, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee falls no ceably on Friday and touches 74.40 mark. The pair made intraday high at 74.41 and low at 74.14 marks. A sustained close below 74.30 marks will drag the parity down towards 73.87, 73.57, 73.20, 72.87, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 74.54, 74.70, 75.02, 75.20 and 75.39 marks respec vely. EUR/USD: The euro falls sharply a er ECB’s interest rate decision. The pair made intraday high at $1.1694 and low at $1.1668 mark. A sustained close above $1.1846 tests key resistances at $1.1876, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1672 will target key supports around $1.1650, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound falls gradually and hovers around $1.29 mark. Today pair made intraday high at $1.2939 and low at $1.2905 mark. A sustained close above $1.2927 will drag the parity up towards $1.2965, $1.3020, $1.3070, $1.3102, $1.3152, $1.3176, $1.3224 and $1.3248 mark respec vely. Key support levels are seen at $1.2889, $1.2854, $1.2822, $1.2752, $1.2723, $1.2675, $1.2632, $1.2602 and $1.2570 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold trades flat and consolidates around $1,870 mark. Today pair made intraday high at $1,878 and low at $1,864 mark. A sustained close above $1,908 requires for the upside rally. On the other side, consistent close below $1,867 will check key supports as well. Key support levels are seen around $1,857, $$1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,887, $1,902, $1,914, $1,922, $1,927, $1,932, $1,940, $1,947, $1,957 and $1,972 marks respec vely.
  3. 3. AUD / USD REPORTFROM:TPGLOBALFXOCTOBER,2020 Time Frame: H1 INDICATORS Trends Down Trend Moving Average (Period=75) Below MA H 1 RIS (Period=26) Below RIS LEVEL 50 FIBO Levels PIVOT R1 0.70627 S1 0.70065 Buy Above 0.70765 0.71027 0.69986 0.69986 0.69792 0.70765 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.70801 S2 0.69891 R3 0.71082 S3 0.69610 R4 0.71537 S4 0.69155 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.70346
  4. 4. EUR / USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS Trends Down Trend Moving Average (Period=75 Below MA H 1 RIS (Period=26) Below RIS LEVEL 50 FIBO Levels PIVOT R1 1.17349 S1 1.16519 Buy Above 1.17451 1.17675 1.16518 1.16518 1.16210 1.17451 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.17605 S2 1.16263 R3 1.18020 S3 1.15848 R4 1.18691 S4 1.15177 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.16934 OCTOBER,2020
  5. 5. GBP / USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS Trends Down Trend Moving Average (Period=75) Below MA H 1 RIS (Period=26) Below RIS LEVEL 50 FIBO Levels PIVOT R1 1.29995 S1 1.28889 Buy Above 1.30060 1.30442 1.28770 1.28770 1.28362 1.30060 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.30336 S2 1.28548 R3 1.30889 S3 1.27995 R4 1.31783 S4 1.27101 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.29442 OCTOBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.33731 S1 1.32879 Buy Above 1.33499 1.33884 1.32536 1.32536 1.32253 1.33499 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.33994 S2 1.32616 R3 1.34420 S3 1.32190 R4 1.35109 S4 1.31501 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.33305 Trend Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 OCTOBER,2020
  7. 7. USD /JPY REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 104.718 S1 104.180 Buy Above 104.699 104.836 104.244 104.244 104.107 104.699 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 104.883 S2 104.015 R3 105.152 S3 103.746 R4 105.586 S4 103.312 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 104.449 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 OCTOBER,2020
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1880.29 S1 1861.21 Buy Above 1885.14 1891.16 1861.09 1861.09 1853.78 1885.14 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1886.19 S2 1855.31 R3 1895.73 S3 1845.77 R4 S4 1830.33 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1870.75 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1911.17 OCTOBER,2020
  9. 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com REPORTFROM:TPGLOBALFX /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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