Successfully reported this slideshow.
Your SlideShare is downloading. ×

Daily Forex Technical Analysis Report - November 05, 2020

Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
05 November, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie trades marginally lower despite higher than expected trade b...
AUD / USD
REPORTFROM:TPGLOBALFXNOVEMBER,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA...
Advertisement

Check these out next

1 of 9 Ad

More Related Content

Slideshows for you (20)

Similar to Daily Forex Technical Analysis Report - November 05, 2020 (15)

Advertisement

More from TPGlobalFX (20)

Recently uploaded (20)

Advertisement

Daily Forex Technical Analysis Report - November 05, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 05 November, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie trades marginally lower despite higher than expected trade balance data; Asian stock markets extremely up; U.S. Presiden al Elec on results and FOMC Interest Rate decision in focus; Gold stabilizes above $1,900 mark Asian Headlines: • New Zealand ANZ business confidence stands at -15.6 vs -15.7 previous release. • Australia trade balance stands at 5.63B vs 2.62B previous release (expected 3.70B). • South Korea current account stands at 10.21B vs 6.57B previous release. • Japan services PMI stands at 47.7 vs 46.9 previous release (expected 46.9). Economic Data Ahead: • (0430 ET/0930 GMT) U.K. construc on PMI, previous 56.8, expected 55.0. • (0500 ET/1000 GMT) Euro retail sales, previous 4.4, expected -1.4. • (0830 ET/1330 GMT) U.S. unemployment claims weekly, previous 751K, expected 740K. Economic Events Ahead: • All Day EU Economic Forecasts. • (0200 ET/0700 GMT) U.K. Interest rate decision, previous 0.10, expected 0.10. • (0230 ET/0730 GMT) BoE Governor Bailey’s speech. • (1400 ET/1900 GMT) U.S. Interest rate decision. • (1430 ET/1930 GMT) 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 down 0.04% to 93.37 points. USD/JPY: The Japanese yen trades marginally higher and touches key support at 104.22 mark. A sustained close above 104.83 will take the parity higher towards key resistance around 105.34, 105.92, 106.22, 106.87, 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 remains slightly vola le a er robust trade balance data. The pair made intraday high at $0.7189 and low at $0.7144 marks. On the top side key resistances are seen at $0.7170, $0.7190, $0.7222, $0.7240 and $0.7290 mark respec vely. On the other hand, a consistent close below $0.7174 will take the parity down towards key supports around $0.7122, $0.7090, $0.7052, $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely. NZD/USD: The Kiwi trades flat and consolidates around $0.67 mark. Pair made intraday high at $0.6709 and low at $0.6679 mark. Key resistances are seen at $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6690 will drag the parity down towards key supports around $0.6610, $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 reverses previous gains against U.S. dollar and trades marginally lower on Thursday. The pair made intraday high at 74.32 and low at 74.15 marks. A sustained close below 74.18 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 74.70, 75.08, 75.27, 75.39 and 75.62 marks respec vely. EUR/USD: The euro moves in s ff boundaries and trading around $1.1740 mark. The pair made intraday high at $1.1742 and low at $1.1710 mark. A sustained close above $1.1721 tests key resistances at $1.1770, $1.1822, $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 $1.1721 will target key supports around $1.1672, $1.1640, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound trades marginally lower ahead of U.K.’s interest rate decision. Today pair made intraday high at $1.2992 and low at $1.2931 mark. A sustained close above $1.3049 will drag the parity up towards $1.3070, $1.3102, $1.3152, $1.3176, $1.3224 and $1.3248 mark respec vely. Key support levels are seen at $1.2916, $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 ahead of U.S. FOMC interest rate decision. Today pair made intraday high at $1,909 and low at $1,902 mark. A sustained close above $1,909 requires for the upside rally. On the other side, consistent close below $1,902 will check key supports as well. Key support levels are seen around $1,894, $1,882, $1,876, $1,857, $1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,916, $1,922, $1,927, $1,932, $1,940, $1,947, $1,957 and $1,972 marks respec vely. XAG/USD (Silver): Silver exhibits range bound movement and trading around $24.00 mark. Today pair made intraday high at $24.17 and low at $23.89 mark. A sustained close above $24.25 requires for upside rally. Key support levels are seen at $23.65, $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 Up Trend Moving Average (Period=75) Above MA H 1 RIS (Period=26) Above RIS LEVEL 50 FIBO Levels PIVOT R1 0.72149 S1 0.70825 Buy Above 0.72289 0.72648 0.71001 0.71001 0.70606 0.72289 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.72557 S2 0.70417 R3 0.73219 S3 0.69755 R4 0.74289 S4 0.68685 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.71487
  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 1.17622 S1 1.16344 Buy Above 1.17686 1.18024 1.16691 1.16691 1.16256 1.17686 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18018 S2 1.15948 R3 1.18657 S3 1.15309 R4 1.19692 S4 1.14274 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.16983 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 1.30898 S1 1.29267 Buy Above 1.30452 1.30854 1.29043 1.29043 1.28538 1.30452 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.31520 S2 1.28736 R3 1.32381 S3 1.27875 R4 1.33773 S4 1.26483 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.30128 NOVEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.32534 S1 1.30978 Buy Above 1.32089 1.32385 1.30907 1.30907 1.30535 1.32089 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.33015 S2 1.30497 R3 1.33793 S3 1.29719 R4 1.35052 S4 1.28460 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31756 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 105.124 S1 104.212 Buy Above 104.786 104.957 104.137 104.137 103.907 104.786 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.407 S2 103.929 R3 105.863 S3 103.473 R4 106.602 S4 102.734 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 104.668 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 NOVEMBER,2020
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1913.52 S1 1887.00 Buy Above 1913.34 1920.45 1885.31 1885.31 1879.31 1913.34 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1921.72 S2 1878.80 R3 1934.98 S3 1865.54 R4 S4 1844.08 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1900.26 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1956.44 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

×