Daily Forex Technical Analysis Report - January 21, 2021

T

Let's review all the major instrument analysis including: #audusd #eurusd #gbpusd #usdcad #usdjpy #gold #xauusd

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21 January, 2021
Daily Analysis Report
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analysis@tpglobalfx.com
Asian Bulle n: Japanese yen strengthens sharply a er BoJ’s monetary policy statement, Asian stock markets extremely up, gold stabilizes above $1,870 mark
Key Headlines:
• BoJ keeps interest rate unchanged at -0.10 pct.
• BoJ revised up next fiscal year’s growth forecast to 3.9 pct against 3.6 pct earlier expected.
• Brazil keeps interest rate unchanged at 2.0 pct.
• South Korea PPI stands at 0.7 pct vs -0.4 pct previous release.
• Japan trade balance stands at 0.48T vs 0.55T previous release (expected 0.70T).
• Australia MI infla on expecta ons stand at 3.4 pct vs 3.5 pct previous release.
• Australia’s employment change stands at 50.0K vs 90.0K previous release (expected 50.0K).
• Australia’s unemployment rate stands at 6.6 pct vs 6.8 pct previous release (expected 6.7 pct).
• U.S. White House – Biden will leave mechanics of Trump impeachment trial to Senate.
• U.S. White House – Biden in process to discuss with Iran on nuclear agreement.
Economic Data Ahead:
• (1100 GMT/1630 IST) U.K. CBI Industrial Order Expecta ons, previous -25, expected -35.
• (1245 GMT/1815 IST) Euro Interest Rate Decision, previous 0.0, expected 0.0.
• (1330 GMT/1900 IST) Canada employment change, previous 40.8K.
• (1330 GMT/1900 IST) U.S. Philly Fed Manufacturing Index, previous 11.1, expected 11.2.
• (1330 GMT/1900 IST) U.S. Building permits, previous 1.64M, expected 1.60M.
• (1330 GMT/1900 IST) U.S. housing starts, previous 1.55M, expected 1.56M.
• (1330 GMT/1900 IST) U.S. unemployment claims weekly, previous 965K, expected 930K.
• (1500 GMT/2030 IST) Euro Consumer Confidence, previous -14, expected -15.
Economic Events Ahead:
• Tenta ve – BoJ Press Conference.
• (0930 GMT/1500 IST) U.K. BOE Credit Condi on Survey.
• (1330 GMT/1900 IST) ECB Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.19% to 90.31 points.
AUD / USD
BUY SELL
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JANUARY,
2
0
21
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
0.7778
R2 S2
0.7797
R3 S3
0.7820
R4
Commentary
S4
0.7854
Buy Above 0.77603
0.77834
0.77421
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77603
0.77421
0.77834
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie strengthens sharply after job data as it matches with the expectations only.
The pair hovers around key resistance at $0.7778 mark, a sustained close above will check key
resistances too. Alternatively, a sustained close below $0.7742 will check key supports.
0.7742
0.7660
0.7590
0.7520
BUY SELL
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JANUARY,
2
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21
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26)
FIBO Levels PIVOT
R1 S1
1.2150
R2 S2
1.2198
R3 S3
1.2232
R4
Commentary
S4
1.2265
Buy Above 1.21535
1.21951
1.21036
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.21004
1.20730
1.21319
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
EUR/USD: The euro rises on Thursday ahead of ECB’s interest rate decision. Here, the EMA and
RSI signal the upside trend for the time being. A sustained break below $1.2074 only will take the
parity down towards key supports. Alternatively, a successful break above key resistance at
$1.2150 will tests key resistances too.
EUR / USD
1.2074
1.2022
1.1962
1.1911
Above RSI LEVEL 50
BUY SELL
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JANUARY,
2
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21
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
1.3705
R2 S2
1.3720
R3 S3
1.3776
R4
Commentary
S4
1.3802
Buy Above 1.36992
1.37185
1.36675
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.36472
1.36247
1.36797
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The pound rises gradually against U.S. dollar and touches $1.3688 mark in Asian
hours. The pair made intraday high at $1.3688 and low at $1.3645 mark. The key boundaries for
the day will be $1.3705 and $1.3632 mark. A sustained close of either side on hourly chart will
provide further direction to the parity.
GBP / USD
1.3632
1.3552
1.3490
1.3448
BUY SELL
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JANUARY,
2
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21
Technical Summary
Trends Down Trend
Moving Average (Period=75A) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2640
R2 S2
1.2695
R3 S3
1.2736
R4
Commentary
S4
1.2783
Buy Above 1.26597
1.27337
1.26127
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.25970
1.25727
1.26329
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar appreciated extremely after BoC’s interest rate decision. Today
pair made intraday high at 1.2637 and low at 1.2611 mark. The technical tools like RSI and EMA
both confirm the downside trend for the time being.
USD /CAD
1.2587
1.2558
1.2500
1.2476
BUY SELL
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JANUARY,
2
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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
104.22
R2 S2
104.90
R3 S3
105.40
R4
Commentary
S4
105.94
Buy Above 103.748
103.976
103.468
– Take Profit
– Stop Loss
Trade Idea
Sell Below 103.330
103.054
103.680
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen appreciates sharply after BoJ’s interest rate decision and monetary
policy statement. A sustained close above 104.22 requires for the upside rally. Technical tool like
RSI and EMA indicate downside trend for the time being. Alternatively, a consistent close below
103.28 will test key supports too.
USD /JPY
103.28
102.90
102.45
102.10
BUY SELL
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JANUARY,
2
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21
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
1876
R2 S2
1885
R3 S3
1894
R4
Commentary
S4
1902
Buy Above 1878.83
1891.75
1867.61
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1864.09
1851.94
1873.73
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold rose sharply on previous session and touches $1,874 mark on Thursday.
The key ranges for the gold will be $1,876 - $1,863 mark. A sustained close of either side will give
further direction to the parity.
XAU [GOLD]
USD
/
1857
1848
1840
1832
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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Daily Forex Technical Analysis Report - January 21, 2021

  • 1. +1 7754 366 970 analysis@tpglobalfx.com R E P O R T F R O M : T P G LO B A L F X 21 January, 2021 Daily Analysis Report
  • 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen strengthens sharply a er BoJ’s monetary policy statement, Asian stock markets extremely up, gold stabilizes above $1,870 mark Key Headlines: • BoJ keeps interest rate unchanged at -0.10 pct. • BoJ revised up next fiscal year’s growth forecast to 3.9 pct against 3.6 pct earlier expected. • Brazil keeps interest rate unchanged at 2.0 pct. • South Korea PPI stands at 0.7 pct vs -0.4 pct previous release. • Japan trade balance stands at 0.48T vs 0.55T previous release (expected 0.70T). • Australia MI infla on expecta ons stand at 3.4 pct vs 3.5 pct previous release. • Australia’s employment change stands at 50.0K vs 90.0K previous release (expected 50.0K). • Australia’s unemployment rate stands at 6.6 pct vs 6.8 pct previous release (expected 6.7 pct). • U.S. White House – Biden will leave mechanics of Trump impeachment trial to Senate. • U.S. White House – Biden in process to discuss with Iran on nuclear agreement. Economic Data Ahead: • (1100 GMT/1630 IST) U.K. CBI Industrial Order Expecta ons, previous -25, expected -35. • (1245 GMT/1815 IST) Euro Interest Rate Decision, previous 0.0, expected 0.0. • (1330 GMT/1900 IST) Canada employment change, previous 40.8K. • (1330 GMT/1900 IST) U.S. Philly Fed Manufacturing Index, previous 11.1, expected 11.2. • (1330 GMT/1900 IST) U.S. Building permits, previous 1.64M, expected 1.60M. • (1330 GMT/1900 IST) U.S. housing starts, previous 1.55M, expected 1.56M. • (1330 GMT/1900 IST) U.S. unemployment claims weekly, previous 965K, expected 930K. • (1500 GMT/2030 IST) Euro Consumer Confidence, previous -14, expected -15. Economic Events Ahead: • Tenta ve – BoJ Press Conference. • (0930 GMT/1500 IST) U.K. BOE Credit Condi on Survey. • (1330 GMT/1900 IST) ECB Press Conference. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.19% to 90.31 points.
  • 3. AUD / USD BUY SELL R E P O R T F R O M : T P G LO B A L F X JANUARY, 2 0 21 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 0.7778 R2 S2 0.7797 R3 S3 0.7820 R4 Commentary S4 0.7854 Buy Above 0.77603 0.77834 0.77421 – Take Profit – Stop Loss Trade Idea Sell Below 0.77603 0.77421 0.77834 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie strengthens sharply after job data as it matches with the expectations only. The pair hovers around key resistance at $0.7778 mark, a sustained close above will check key resistances too. Alternatively, a sustained close below $0.7742 will check key supports. 0.7742 0.7660 0.7590 0.7520
  • 4. BUY SELL R E P O R T F R O M : T P G LO B A L F X JANUARY, 2 0 21 Technical Summary Trends Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) FIBO Levels PIVOT R1 S1 1.2150 R2 S2 1.2198 R3 S3 1.2232 R4 Commentary S4 1.2265 Buy Above 1.21535 1.21951 1.21036 – Take Profit – Stop Loss Trade Idea Sell Below 1.21004 1.20730 1.21319 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro rises on Thursday ahead of ECB’s interest rate decision. Here, the EMA and RSI signal the upside trend for the time being. A sustained break below $1.2074 only will take the parity down towards key supports. Alternatively, a successful break above key resistance at $1.2150 will tests key resistances too. EUR / USD 1.2074 1.2022 1.1962 1.1911 Above RSI LEVEL 50
  • 5. BUY SELL R E P O R T F R O M : T P G LO B A L F X JANUARY, 2 0 21 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 1.3705 R2 S2 1.3720 R3 S3 1.3776 R4 Commentary S4 1.3802 Buy Above 1.36992 1.37185 1.36675 – Take Profit – Stop Loss Trade Idea Sell Below 1.36472 1.36247 1.36797 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The pound rises gradually against U.S. dollar and touches $1.3688 mark in Asian hours. The pair made intraday high at $1.3688 and low at $1.3645 mark. The key boundaries for the day will be $1.3705 and $1.3632 mark. A sustained close of either side on hourly chart will provide further direction to the parity. GBP / USD 1.3632 1.3552 1.3490 1.3448
  • 6. BUY SELL R E P O R T F R O M : T P G LO B A L F X JANUARY, 2 0 21 Technical Summary Trends Down Trend Moving Average (Period=75A) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1.2640 R2 S2 1.2695 R3 S3 1.2736 R4 Commentary S4 1.2783 Buy Above 1.26597 1.27337 1.26127 – Take Profit – Stop Loss Trade Idea Sell Below 1.25970 1.25727 1.26329 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The Canadian dollar appreciated extremely after BoC’s interest rate decision. Today pair made intraday high at 1.2637 and low at 1.2611 mark. The technical tools like RSI and EMA both confirm the downside trend for the time being. USD /CAD 1.2587 1.2558 1.2500 1.2476
  • 7. BUY SELL R E P O R T F R O M : T P G LO B A L F X JANUARY, 2 0 21 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 104.22 R2 S2 104.90 R3 S3 105.40 R4 Commentary S4 105.94 Buy Above 103.748 103.976 103.468 – Take Profit – Stop Loss Trade Idea Sell Below 103.330 103.054 103.680 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen appreciates sharply after BoJ’s interest rate decision and monetary policy statement. A sustained close above 104.22 requires for the upside rally. Technical tool like RSI and EMA indicate downside trend for the time being. Alternatively, a consistent close below 103.28 will test key supports too. USD /JPY 103.28 102.90 102.45 102.10
  • 8. BUY SELL R E P O R T F R O M : T P G LO B A L F X JANUARY, 2 0 21 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 1876 R2 S2 1885 R3 S3 1894 R4 Commentary S4 1902 Buy Above 1878.83 1891.75 1867.61 – Take Profit – Stop Loss Trade Idea Sell Below 1864.09 1851.94 1873.73 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold rose sharply on previous session and touches $1,874 mark on Thursday. The key ranges for the gold will be $1,876 - $1,863 mark. A sustained close of either side will give further direction to the parity. XAU [GOLD] USD / 1857 1848 1840 1832
  • 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com R E P O R T F R O M : T P G L O B A L F X /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