Daily Analysis Report
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10 August, 2020

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Asian Bulle n: New Zealand dollar remains almost unchanged as ANZ business confidence data fails to meet expecta ons; most Asian markets in green; gold slightly
down
Asian Headlines:
• Japanese banks will be closed in observance of Mountain Day.
• New Zealand business confidence stands at -42.4 vs -31.8 previous release.
• China CPI y/y stands at 2.7 pct vs 2.5 pct previous release (expected 2.6).
• China PPI y/y stands at -2.4 pct vs -3.0 pct previous release (expected -2.5).
Economic Data Ahead:
• (0430 ET/0830 GMT) Euro Sen x investor confidence, previous -18.2, expected -16.0.
• (0815 ET/1215 GMT) Canada housing starts, previous 212K, expected 201K.
• (1000 ET/1400 GMT) U.S. JOLTS job opening, previous 5.40M.
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 down 0.12% to 93.33.
USD/JPY: The Japanese yen trades marginally lower against U.S. dollar. A sustained close above 105.94 will take the parity higher towards key resistance around 106.22,
106.90, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 105.70 will drag the parity down towards 105.10,
104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie moves in rigid boundaries against U.S. dollar. The pair made intraday high at $0.7172 and low at $0.7147 marks. On the top side key resistances are
seen at $0.7190, $0.7247, $0.7286 and $0.7344 mark respec vely. On the other hand, a consistent close below $0.7157 will take the parity down towards key supports
around $0.7123, $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi remains almost unchanged as business confidence data fails to meet expecta ons. Pair made intraday high at $0.6609 and low at $0.6591 mark. Key
resistances are seen at $0.6715, $0.6766, $0.6782 and $0.6824 mark respec vely. Alterna vely, a consistent close below $0.6595 will drag the parity down towards key
supports around $0.6576, $0.6530, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee touches 75.19 mark against U.S. dollar; hits highest level since July 13, 2020. The pair made intraday high at 75.19 and low at 74.78. A
sustained close below 74.58 marks will drag the parity down towards 74.37, 74.00, 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the top side key resistances are
seen at 75.39, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro trades flat against U.S. dollar and slips back below $1.18 mark. The pair made intraday high at $1.1798 and low at $1.1773 mark. A sustained close
above $1.1783 tests key resistances at $1.1876, $1.1917, $1.1948, $1.1976 and $1.1999 mark respec vely. On the other side, a sustained close below $1.1783 will target
key supports around $1.1755, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound trades flat at $1.3070 mark. A sustained close above $1.3048 will drag the parity up towards $1.3141, $1.3185, $1.3212, $1.3257 and $1.3289 mark
respec vely. Key support levels are seen at $1.3048, $1.3004, $1.2950, $1.2838 and $1.2775 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold starts a new week on a lower note. Today pair made intraday high at $2,036 and low at $2,019 mark. A sustained close above $2,063 requires for
the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $2,009, $1,999, $1,987, $1,956, $1,947, $1,942, $1,931,
$1,912, $1,907, $1,881 and $1,862 mark respec vely. Key resistances are seen at $2,038, $2,076, $2,082, $2,088, $2,094 and $2,111 mark respec vely.
XAG/USD (Silver): Silver depreciates in opening hours and hovers around $28.00 mark. A sustained close above $28.90 requires for upside rally. Key support levels are
seen at $27.88, $26.94, $26.00, $25.28, $24.41, $23.48 and $23.24 marks respec vely. Key resistances are seen at $28.53, $28.90, $29.24, $29.85, $30.12, $30.52, $30.76
and $31.11 marks respec vely.

AUD / USD
REPORTFROM:TPGLOBALFXAUGUST,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 0.72198 S1 0.71444
Buy Above 0.71947
0.72165
0.71280
0.71280
0.71093
0.71947
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.72430 S2 0.71212
R3 0.72807 S3 0.70835
R4 0.73416 S4 0.70226
Conclusion
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0.71821

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 1.18507 S1 1.17627
Buy Above 1.18315
1.18736
1.17422
1.17422
1.17088
1.18315
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18778 S2 1.17356
R3 1.19218 S3 1.16916
R4 1.19929 S4 1.16205
Conclusion
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1.18067
AUGUST,2020

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 1.31186 S1 1.30322
Buy Above 1.31141
1.31517
1.30044
1.30044
1.29557
1.31141
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31453 S2 1.30055
R3 1.31885 S3 1.29623
R4 1.32584 S4 1.28924
Conclusion
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1.30754
AUGUST,2020

USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.33990 S1 1.33120
Buy Above 1.34047
1.34232
1.33197
1.33197
1.32888
1.34047
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.34260 S2 1.32850
R3 1.34695 S3 1.32415
R4 1.35400 S4 1.31710
Conclusion
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1.33555
Trend Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
AUGUST,2020

USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 105.851 S1 105.551
Buy Above 105.946
106.140
105.504
105.504
105.277
105.946
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.943 S2 105.459
R3 106.093 S3 105.309
R4 106.335 S4 105.067
Conclusion
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105.701
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
AUGUST,2020

XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 2063.91 S1 2018.43
Buy Above 2054.87
2066.94
2013.13
2013.13
1999.05
2054.87
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 2077.96 S2 2004.38
R3 2100.70 S3 1981.64
R4 S4 1944.85
Conclusion
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2041.17
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
2137.49
AUGUST,2020

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