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Asian Bulle n: Aussie remains slightly vola le a er strong employment change data; Most Asian stock markets in green; gold stabilizes above $1,900 mark
Asian Headlines:
• Kiwi FPI m/m stands at 1.2 pct vs 0.5 pct previous release.
• U.K. RICS house price balance stands at 12 pct vs -13 pct previous release (expected -5).
• Japan PPI y/y stands at -0.9 pct vs -1.6 pct previous release (expected -1.1).
• Australia MI expecta on stands at 3.3 pct vs 3.2 pct previous release.
• Australia employment change stands at 114.7K vs 228.4K previous release (expected 30.0K).
• Australia unemployment rate stands at 7.5 pct vs 7.4 pct previous release (expected 7.8 pct).
Economic Data Ahead:
• (0200 ET/0600 GMT) German final CPI m/m, previous -0.5, expected -0.5.
• (0200 ET/0600 GMT) German WPI m/m, previous 0.6, expected 0.4.
• (0830 ET/1230 GMT) U.S. unemployment claims weekly, previous 1186K, expected 1120K.
• (0830 ET/1230 GMT) U.S. import price m/m, previous 1.4, expected 0.6.
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 0.14% to 93.31.
USD/JPY: The Japanese yen trades marginally higher on robust PPI data and stabilizes below 106.90 mark. A sustained close above 106.90 will take the parity higher
towards key resistance around 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 106.90 will drag the
parity down towards 106.42, 105.87, 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie rises immediately a er employment data and touches $0.7188 mark in early Asia. The pair made intraday high at $0.7188 and low at $0.7155
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 $0.7142 will
take the parity down towards key supports around $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi exhibits range bound movement against U.S. dollar. Pair made intraday high at $0.6598 and low at $0.6562 mark. Key resistances are seen at $0.6649,
$0.6715, $0.6766, $0.6782 and $0.6824 mark respec vely. Alterna vely, a consistent close below $0.6578 will drag the parity down towards key supports around
$0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee moves in rigid boundaries and remains well supported below 75.00 mark. The pair made intraday high at 74.73 and low at 74.60. A sustained
close below 74.50 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
75.20, 75.39, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro rises gradually and jumps above $1.1800 mark against U.S. dollar. The pair made intraday high at $1.1817 and low at $1.1777 mark. A sustained close
above $1.1783 tests key resistances at $1.1848, $1.1876, $1.1917, $1.1948, $1.1976 and $1.1999 mark respec vely. On the other side, a sustained close below $1.1737
will target key supports around $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound trades flat against U.S. dollar. A sustained close above $1.3047 will drag the parity up towards $1.3102, $1.3141, $1.3185, $1.3212, $1.3257 and
$1.3289 mark respec vely. Key support levels are seen at $1.3048, $1.3009, $1.2950, $1.2838 and $1.2775 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold recovers previous losses and stabilizes above $1,900 mark. Today pair made intraday high at $1,942 and low at $1,913 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 $1,862, $1,840, $1,822,
$1,809 and $1,787 mark respec vely. Key resistances are seen at $1,931, 1,942, 1,947, 1,956 and $1,987 marks respec vely.
XAG/USD (Silver): Silver hovers around $26.00 mark. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $23.41, $23.24 and $23.02
marks respec vely. Key resistances are seen at $26.00, $26.24, $26.48, $26.67 and $26.88 marks respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXAUGUST,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 0.71503 S1 0.71185
Buy Above 0.71884
0.72039
0.71399
0.71399
0.71228
0.71884
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.71601 S2 0.71087
R3 0.71760 S3 0.70928
R4 0.72017 S4 0.70671
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.71344
4. EUR / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.17954 S1 1.17308
Buy Above 1.18379
1.18728
1.17441
1.17441
1.17201
1.18379
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18153 S2 1.17109
R3 1.18476 S3 1.16786
R4 1.18998 S4 1.16264
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.17631
AUGUST,2020
5. GBP / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Neutral to Down Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.30585 S1 1.30109
Buy Above 1.30766
1.31065
1.30201
1.30201
1.29906
1.30766
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.30732 S2 1.29962
R3 1.30970 S3 1.29724
R4 1.31355 S4 1.29339
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.30347
AUGUST,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.33182 S1 1.32284
Buy Above 1.32877
1.33293
1.31951
1.31951
1.31638
1.32877
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.33460 S2 1.32006
R3 1.33909 S3 1.31557
R4 1.34636 S4 1.30830
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.32733
Trend Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
AUGUST,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 106.986 S1 106.548
Buy Above 107.078
107.299
106.347
106.347
106.053
107.078
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 107.121 S2 106.413
R3 107.340 S3 106.194
R4 107.694 S4 105.840
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
106.767
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
AUGUST,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1949.32 S1 1883.14
Buy Above 1955.06
1973.79
1897.14
1897.14
1877.84
1955.06
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1969.76 S2 1862.70
R3 2002.85 S3 1829.61
R4 S4 1776.08
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1916.23
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
2056.38
AUGUST,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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