Daily Forex Technical Analysis Report - January 27, 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
27 January, 2021
Daily Analysis Report
2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie remains vola le despite higher than expected CPI data, most Asian stock markets in red, gold stabilizes below $1,850 mark, Markets eye U.S. FOMC
mee ng
Key Headlines:
• Australia MI leading index m/m stands at 0.1 pct vs 0.7 pct previous release.
• U.K. BRC shop price index y/y stands at -2.2 pct vs -1.8 pct previous release.
• Australia CPI q/q stands at 0.9 pct vs 1.6 pct previous release (expected 0.7).
• Australia trimmed mean CPI q/q stands at 0.4 pct vs 0.3 pct previous release (expected 0.4).
• Global Covid – 19 cases surpass 100 million as na on tackle vaccine shortage – Reuters.
• Peru declares total lockdown across 10 states on rising Covid infec ons.
• China’s industrial profits increase 4.1 pct in 2020.
• U.S. Small Business Administra on approved more pandemic relief loans worth $35 billion.
• Biden plans to buy 200 million more Covid vaccine doses.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Consumer Climate, previous -7.3, expected -7.8.
• (1330 GMT/1900 IST) U.S. Core Durable Goods Orders, previous 0.4, expected 0.5.
• (1330 GMT/1900 IST) U.S. Durable Goods Orders, previous 1.0, expected 1.0.
Economic Events Ahead:
• (1900 GMT/0030 IST) U.S. FOMC Interest Rate Decision.
• (1930 GMT/0100 IST) U.S. FOMC Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.07% to 90.24 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
0.7762
R2 S2
0.7799
R3 S3
0.7820
R4
Commentary
S4
0.7854
Buy Above 0.77560
0.77766
0.77320
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77242
0.77039
0.77493
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: Australian dollar shows up trend in Day Candle as well as H1 time frame. MA & RSI
Confirms continuity of the trend, 0.7685 can be considered as a nice support if it doesn't break,
definitely it is going to give pull back from here. Wait for the entry point on either side break out
level.
0.7660
0.7590
0.7520
0.7500
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) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.3752
R2 S2
1.3776
R3 S3
1.3802
R4
Commentary
S4
1.3844
Buy Above 1.37547
1.37893
1.37113
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.37052
1.36590
1.37499
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The British Pound also confirms up trend on day candle as well as H1 time frame. It
has also shown range where new high is not created since last 5 trading sessions and being
traded in high volume zone. Wait for the breakout for new uptrend or let it enter the high volume
zone which will give a downward movement for the day!
GBP / USD
1.3674
1.3635
1.3600
1.3552
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)
FIBO Levels PIVOT
R1 S1
1.2198
R2 S2
1.2232
R3 S3
1.2265
R4
Commentary
S4
1.2309
Buy Above 1.21753
1.21940
1.21503
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.21410
1.21137
1.21716
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro is confirming up trend on day candle as well as H1 Time frame. It also
suggests that it has failed to give break out above the high of last seven trading sessions.
Breaking it successfully will induce a new uptrend. On H1 time frame range is now narrowing
down and it is being traded in the high volume zone marked on chart as a bluish grey box. Wait
for the trigger price to enter a trade!
EUR / USD
1.2128
1.2074
1.2040
1.2001
Above RSI LEVEL 50
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
1.2783
R2 S2
1.2822
R3 S3
1.2848
R4
Commentary
S4
1.2880
Buy Above 1.27456
1.27700
1.27179
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26883
1.26506
1.27300
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar is being traded in strict range since last three days and looking for
a direction, breaking up or down will result in big movement. H1 shows breaking 1.2685 will
continue further downward movement. Breaking upward price at 1.275 may lead to 1.28. it is
being traded in high volume zone!
USD /CAD
1.2685
1.2630
1.2570
1.2537
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 103.810
103.924
103.654
– Take Profit
– Stop Loss
Trade Idea
Sell Below 103.580
103.428
103.781
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen is trading in narrow range on a day chart. On a day candle and H1
time frame, it is getting narrowing down and being traded between 50 Pips. Looking to H4 Chart
we can have a better picture, suggest a bigger movement is due above 103.85 or below 103.50.
Wait for the right breakout.
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 Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1862
R2 S2
1867
R3 S3
1872
R4
Commentary
S4
1885
Buy Above 1851.32
1861.84
1838.69
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1837.50
1830.13
1844.36
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold is being range bound and traded in between $1,840 - $1,860, which is
also high volume zone. Currently RSI & MA confirms downtrend but for making a decisive trend it
should break either $1,840 or $1,860 and must sustain till the day candle closes
XAU [GOLD]
USD
/
1840
1832
1827
1815
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