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Daily Forex Technical Analysis Report - November 03, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
03 November, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie falls no ceably as RBA cut interest rate to lowest in na on’...
AUD / USD
REPORTFROM:TPGLOBALFXNOVEMBER,2020
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below ...
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Daily Forex Technical Analysis Report - November 03, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 03 November, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie falls no ceably as RBA cut interest rate to lowest in na on’s history, Asian stock markets extremely up; gold flat ahead of U.S. Presiden al Elec on results Asian Headlines: • Australia cut interest rate to 0.10 pct vs 0.25 pct previous one. • South Korea CPI stands at -0.6 pct vs 0.7 pct previous release (expected 0.1).. Economic Data Ahead: • (0330 ET/0730 GMT) Swiss CPI m/m, previous 0.0, expected 0.0. • (0345 ET/0745 GMT) France budget balance, previous -165.7B. • (1100 ET/1500 GMT) U.S. factory orders, previous 0.7, expected 1.0. Economic Events Ahead: • U.S. Presiden al Elec on – All Day. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.15% to 93.99 points. USD/JPY: The Japanese yen trades in rigid boundaries and stabilizes above 104.70 mark. A sustained close above 104.66 will take the parity higher towards key resistance around 104.92, 105.20, 105.94, 106.22, 106.92, 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 104.32 will drag the parity down towards 104.20, 103.97, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie trades marginally lower as RBA slashed interest rate to 0.10 pct. The pair made intraday high at $0.7063 and low at $0.7030 marks. On the top side key resistances are seen at $0.7090, $0.7122, $0.7170, $0.7190, $0.7222, $0.7240 and $0.7290 mark respec vely. On the other hand, a consistent close below $0.7026 will take the parity down towards key supports around $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely. NZD/USD: The Kiwi exhibits range bound movement and consolidates around $0.6630 mark. Pair made intraday high at $0.6647 and low at $0.6623 mark. Key resistances are seen at $0.6710, $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6610 will drag the parity down towards key supports around $0.6578, $0.6527, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee strengthens sharply in early Asia and touches 74.22 mark. The pair made intraday high at 74.49 and low at 74.22 marks. A sustained close below 74.15 marks will drag the parity down towards 73.87, 73.57, 73.20, 72.87, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 74.54, 74.70, 75.02, 75.20 and 75.39 marks respec vely. EUR/USD: The euro trades flat on Tuesday and trading around $1.1650 mark. The pair made intraday high at $1.1654 and low at $1.1630 mark. A sustained close above $1.1841 tests key resistances at $1.1876, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1641 will target key supports around $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound moves in rigid boundaries but remains well supported above $1.29 mark. Today pair made intraday high at $1.2936 and low at $1.2905 mark. A sustained close above $1.2945 will drag the parity up towards $1.2965, $1.3020, $1.3070, $1.3102, $1.3152, $1.3176, $1.3224 and $1.3248 mark respec vely. Key support levels are seen at $1.2889, $1.2854, $1.2822, $1.2752, $1.2723, $1.2675, $1.2632, $1.2602 and $1.2570 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold trades flat at $1,892 mark ahead of U.S. factory orders data as well as Presiden al elec on. Today pair made intraday high at $1,898 and low at $1,890 mark. A sustained close above $1,908 requires for the upside rally. On the other side, consistent close below $1,867 will check key supports as well. Key support levels are seen around $1,857, $1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,887, $1,902, $1,914, $1,922, $1,927, $1,932, $1,940, $1,947, $1,957 and $1,972 marks respec vely. XAG/USD (Silver): Silver moves in rigid boundaries and hovers around $24.00 mark. Today pair made intraday high at $24.19 and low at $23.95 mark. A sustained close above $24.10 requires for upside rally. Key support levels are seen at $23.22, $22.90, $22.77, $22.40, $22.12, $21.90, $21.68, $21.22, $20.50 and $20.02 marks respec vely. Key resistances are seen at $24.67, $24.85, $25.10, $25.53, $25.81 and $25.94 marks respec vely.
  3. 3. AUD / USD REPORTFROM:TPGLOBALFXNOVEMBER,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 0.70603 S1 0.70093 Buy Above 0.70781 0.70959 0.69977 0.69977 0.69780 0.70781 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.70760 S2 0.69936 R3 0.71015 S3 0.69681 R4 0.71427 S4 0.69269 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.70348
  4. 4. 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 1.16515 S1 1.16259 Buy Above 1.16742 1.16868 1.16210 1.16210 1.16068 1.16742 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.16594 S2 1.16180 R3 1.16722 S3 1.16052 R4 1.16929 S4 1.15845 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.16387 NOVEMBER,2020
  5. 5. 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 1.29382 S1 1.28712 Buy Above 1.29852 1.30248 1.28563 1.28563 1.28214 1.29852 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.29590 S2 1.28504 R3 1.29925 S3 1.28169 R4 1.30468 S4 1.27626 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.29047 NOVEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.33369 S1 1.32405 Buy Above 1.32988 1.33439 1.31943 1.31943 1.31530 1.32988 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.33666 S2 1.32108 R3 1.34148 S3 1.31626 R4 1.34927 S4 1.30847 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.32887 Trend Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 NOVEMBER,2020
  7. 7. USD /JPY REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 104.900 S1 104.528 Buy Above 104.938 105.054 104.524 104.524 104.322 104.938 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.016 S2 104.412 R3 105.202 S3 104.226 R4 105.504 S4 103.924 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 104.714 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 NOVEMBER,2020
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1896.87 S1 1879.63 Buy Above 1901.16 1908.45 1877.30 1877.30 1871.12 1901.16 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1902.20 S2 1874.30 R3 1910.82 S3 1865.68 R4 S4 1851.73 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1888.25 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1924.77 NOVEMBER,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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