DAILY ANALYSIS REPORT SEPTEMBER 23 2021

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23 September 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar strengthens sharply against major peers a er hawkish FOMC statement, Asian stock markets in green, gold slips below $1,770 mark
Key Headlines:
• Australia Flash Manufacturing PMI stands at 57.3 vs 52.0 previous release.
• Australia Flash Services PMI stands at 44.9 vs 42.9 previous release.
• Fed Powell: Fed could 'easily' start taper at November FOMC.
• Fed Powell: Fed Policy Will Con nue to Aid Economy Un l Recovery Complete.
• Fed Powell: For the rest of the year, growth is expected to be high.
• Fed Powell: Powell: Fed Policy Will Con nue to Aid Economy Un l Recovery Complete.
• Fed Powell: Bo lenecks could prove longer-las ng than expected.
• Fed Powell: If infla on a concern, we'll respond with tools.
• Fed Powell: Infla on is elevated and will likely remain so for months, before modera ng.
• Fed Powell: Gradual tapering to conclude around mid – 2022.
• The three major U.S. stock indexes rose 1% on Wednesday as investors mostly took in stride the latest signals from the Federal Reserve, including clearing the
way for the central bank to reduce its monthly bond purchases soon – Reuters.
• New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp (LIC) which is due to go public, four senior
government officials and a banker told Reuters, underscoring tensions between the two na ons – Reuters.
• The Federal Reserve will release research "soon" examining the costs and benefits of a central bank digital currency, or CBDC, Fed Chair Jerome Powell said on
Wednesday – Reuteres.
• Fed signaled interest rate increases may follow more quickly than expected, with nine of 18 U.S. Central Bank policymakers projec ng borrowing costs will
need to rise in 2022 – Reuters.
• Uganda's President Yoweri Museveni on Wednesday eased an -coronavirus restric ons, including allowing resump on of educa on for universi es and other
post-secondary ins tu ons, ci ng a decline in infec ons in the country – Reuters.
Economic Data Ahead:
• (0715 GMT/1245 IST) Euro France Flash Manufacturing PMI, previous 57.5, expected 57.1.
• (0715 GMT/1245 IST) Euro France Flash Services PMI, previous 56.3, expected 56.1.
• (0730 GMT/1300 IST) German Flash Manufacturing PMI, previous 62.6, expected 61.3.
• (0730 GMT/1300 IST) German Flash Services PMI, previous 60.8, expected 60.3.
• (0800 GMT/1330 IST) Euro Flash Manufacturing PMI, previous 61.4, expected 60.4.
• (0800 GMT/1330 IST) Euro Flash Services PMI, previous 59.0, expected 58.4.
• (0830 GMT/1400 IST) U.K. Flash Manufacturing PMI, previous 60.3, expected 59.0.
• (0830 GMT/1400 IST) U.K. Flash Services PMI, previous 55.0, expected 55.0.
• (1230 GMT/1800 IST) U.S. Canada Retail Sales, previous 4.2, expected -1.2.
• (1230 GMT/1800 IST) U.S. Canada Core Retail Sales, previous 4.7, expected -1.5.
• (1230 GMT/1800 IST) U.S. Unemployment Claims weekly, previous 332K, expected 322K.
• (1345 GMT/1915 IST) U.S. Flash Manufacturing PMI, previous 61.1, expected 60.7.
• (1345 GMT/1915 IST) U.S. Flash Services PMI, previous 55.1, expected 55.1.
Economic Events Ahead:
• (0730 GMT/1300 IST) Swiss Interest Rate Decision, previous -0.75, expected -0.75.
• (1100 GMT/1630 IST) U.K. Interest Rate Decision, previous 0.10, expected 0.10.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.02% to 93.49 points.

3. AUD / USD
BUY SELL
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SEPTEMBER,
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
0.7240
R2 S2
0.7278
R3 S3
0.7310
R4
Commentary
S4
0.7350
Buy Above 0.7240
0.7270
0.7220
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7210
0.7181
0.7251
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie weakens drastically against U.S. dollar and stabilizes below $0.7250 mark. It
made intraday high at $0.7242 and low at $0.7224 mark. A day chart and H1 chart with triple EMA
suggests bearish trend for the time being. A sustained close above $0.7240 on H1 chart requires for
the upside rally.Alternatively, a consistent close below $0.7222 will check further supports.
0.7222
0.7182
0.7165
0.7140

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1730
R2 S2
1.1755
R3 S3
1.1780
R4
Commentary
S4
1.1906
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-
Time Frame: H1
EUR/USD: The Euro trades slightly up on Thursday and trading around $1.1700 mark. Today pair
made intraday high at $1.1702 and low at $1.1783. Today triple EMA on a day chart and H1 chart
suggest bearish trend for the time being. A consistent close above $1.1730 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.1680 on H1 chart will check further
supports. EU economic calendar is empty for the day.
EUR / USD
1.1680
1.1650
1.1618
1.1590
Buy Above 1.1715
1.1740
1.1685
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1682
1.1664
1.1722
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
SEPTEMBER,
2021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3650
R2 S2
1.3692
R3 S3
1.3738
R4
Commentary
S4
1.3762
Buy Above 1.3650
1.3674
1.3620
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3611
1.3573
1.3632
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling remains moves in stiff boundaries ahead of U.K.’s Interest Rate Decision due
at 11 GMT. Today pair made intraday high at $1.3633 and low at $1.3609 mark. A day chart and H1
chart with triple EMA suggests bearish trend for the time being. A sustained close above $1.3650 on
H1 chart will check key resistances. Alternatively, a consistent close below $1.3610 will check further
supports.
USD
1.3610
1.3580
1.3555
1.3520
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
SEPTEMBER,
2021

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
1.2796
R2 S2
1.2822
R3 S3
1.2854
R4
Commentary
S4
1.2890
Buy Above 1.2796
1.2830
1.2770
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2742
1.2703
1.2780
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar appreciates in early Asian hours and hovers around $1.2750 mark.
The pair made intraday high at 1.2796 and low at 1.2753 mark. Today a day chart is up and H1 chart
with triple EMAsuggests bearish trend for the time being.Asustained close above 1.2794 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2732 on H1 chart will check key
supports too.
USD /CAD
1.2722
1.2701
1.2680
1.2655
SEPTEMBER,
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
110.00
R2 S2
110.22
R3 S3
110.40
R4
Commentary
S4
110.65
Buy Above 110.00
110.21
109.72
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.68
109.40
109.98
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen depreciates sharply after FOMC Interest Rate Decision and hovers
around key resistance at 109.90 mark. The pair made intraday high at 109.92 and low at 109.73 mark.
The triple EMA on a day chart is flat and H1 chart suggests up 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 chart will check further key supports
USD /JPY
109.70
109.45
109.15
108.82
SEPTEMBER,
2021

8. 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
1772
R2 S2
1776
R3 S3
1782
R4
Commentary
S4
1787
Buy Above 1768
1774
1762
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1760
1754
1767
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold fell noticeably after hawkish U.S. FOMC meet and monetary policy
statement released overnight. Today pair made intraday high at $1,760 and low at $1,760 mark.Aday
chart and H1 chart with triple EMAsuggests bearish trend for the time being.Asustained close above
$1,768 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,760 will
check further supports.
XAU [GOLD]
USD
/
1760
1754
1747
1741
SEPTEMBER,
2021

9. Thank
you!
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