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Daily Forex Technical Analysis Report - August 13, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
13 August, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie remains slightly vola le a er strong employment change data;...
AUD / USD
REPORTFROM:TPGLOBALFXAUGUST,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H...
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Daily Forex Technical Analysis Report - August 13, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 13 August, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com 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. 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. 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. 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. 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. 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. 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. 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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