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Daily Forex Technical Analysis Report - November 13, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
13 November, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar trades almost flat against major peers, Asian stock mark...
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 13, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 13 November, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar trades almost flat against major peers, Asian stock markets mixed, gold hovers around $1,880 mark Asian Headlines: • New Zealand business NZ PMI stands at 51.7 vs 54.0 previous release. • New Zealand FPI stands at -0.7 vs -1.0 previous release. • South Korea M2 money supply stands at 8.3 pct vs 7.6 pct previous release. Economic Data Ahead: • (0230 ET/0730 GMT) Swiss PPI, previous 0.1, expected 0.1. • (0245 ET/0745 GMT) France final CPI, previous -0.1, expected -0.1. • (0500 ET/1000 GMT) Euro employment change, previous -2.9, expected 0.7. • (0500 ET/1000 GMT) Euro flash GDP, previous 12.7, expected 12.7. • (0500 ET/1000 GMT) Euro trade balance, previous 21.9B, expected 22.3B. • (0830 ET/1330 GMT) U.S. PPI, previous 0.4, expected 0.2. • (0830 ET/1330 GMT) U.S. Core PPI, previous 0.4, expected 0.2. • (1000 ET/1500 GMT) U.S. Prelim UOM consumer sen ment, previous 81.8, expected 82.1. Economic Events Ahead: • (0500 ET/1000 GMT) German Buba President Weidmann’s speech. • (1100 ET/1600 GMT) U.K. BOE Governor Bailey’s speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.02% to 92.98 points. USD/JPY: The Japanese yen rises gradually in early Asia and slips below 105.00 mark. A sustained close above 105.42 will take the parity higher towards key resistance around 105.64, 105.92, 106.22 and 106.76 mark respec vely. On the other side, a consistent close below 105.10 will drag the parity down towards 104.90, 104.70, 104.22, 103.92, 103.50 and 103.17 marks respec vely. AUD/USD: The Aussie trades flat in early Asia and stabilizes below $0.7250 mark. The pair made intraday high at $0.7241 and low at $0.7221 marks. On the top side key resistances are seen at $0.7290, $0.7347, $0.7376, $0.74 and $0.7426 mark respec vely. On the other hand, a consistent close below $0.7231 will take the parity down towards key supports around $0.7220, $0.7190, $0.7170, $0.7122, $0.7090 and $0.7052 mark respec vely. NZD/USD: The Kiwi reverses previous gain against U.S. dollar and hovers around $0.68 mark. Pair made intraday high at $0.6845 and low at $0.6814 mark. Key resistances are seen at $0.6914, $0.6947 and $0.6988 mark respec vely. Alterna vely, a consistent close below $0.6819 will drag the parity down towards key supports around $0.6783, $0.6750, $0.6690, $0.6610, $0.6578, $0.6527 and $0.6499 mark respec vely. USD/INR: The Indian rupee remains vola le in opening hours and stabilizes below 75.00 mark. The pair made intraday high at 75.02 and low at 74.56 marks. A sustained close below 74.65 marks will drag the parity down towards 74.22, 73.90, 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 75.02, 75.27, 75.39 and 75.62 marks respec vely. EUR/USD: The euro trades flat and consolidates around $1.1800 mark. The pair made intraday high at $1.1813 and low at $1.1799 mark. A sustained close above $1.1813 tests key resistances at $1.1873, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1771 will target key supports around $1.1740, $1.1672, $1.1640, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound exhibits range bound movement and remains well supported above $1.3100 mark. Today pair made intraday high at $1.3126 and low at $1.3105 mark. A sustained close above $1.3107 will drag the parity up towards $1.3163, $1.3240, $1.3280, $1.3322, $1.3354 and $1.3382 mark respec vely. Key support levels are seen at $1.3090, $1.3054, $1.3002 and $1.2950 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold moves in rigid boundaries and consolidates around $1,870 mark. Today pair made intraday high at $1,882 and low at $1,874 mark. A sustained close above $1,902 requires for the upside rally. On the other side, consistent close below $1,861 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 $1,892, $1,902, $1,917, $1,922, $1,940, $1,947, $1,967, $1,974, $1,982, $1,991, $1,999 and $2,000 marks respec vely. XAG/USD (Silver): Silver trades in narrow range in early Asia. Today pair made intraday high at $24.37 and low at $24.15 mark. A sustained close above $24.62 requires for upside rally. Key support levels are seen at $23.90, $23.65, $23.22, $22.90, $22.77 and $22.40 marks respec vely. Key resistances are seen at $24.50, $24.90, $25.22, $25.47, $25.90 and $26.08 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 0.72765 S1 0.72227 Buy Above 0.72646 0.72841 0.72094 0.72094 0.71931 0.72646 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.72931 S2 0.72061 R3 0.73200 S3 0.71792 R4 0.73635 S4 0.71357 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72496
  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 1.18198 S1 1.17706 Buy Above 1.18251 1.18444 1.17781 1.17781 1.17642 1.18251 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18351 S2 1.17553 R3 1.18597 S3 1.17307 R4 1.18996 S4 1.16908 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.17952 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 1.31984 S1 1.31052 Buy Above 1.31920 1.32195 1.30894 1.30894 1.30652 1.31920 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.32272 S2 1.30764 R3 1.32738 S3 1.30298 R4 1.33492 S4 1.29544 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31518 NOVEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.31516 S1 1.30800 Buy Above 1.31806 1.32040 1.31186 1.31186 1.30953 1.31806 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.31736 S2 1.30580 R3 1.32094 S3 1.30222 R4 1.32672 S4 1.29644 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31158 Trend Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 NOVEMBER,2020
  7. 7. USD /JPY REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 105.373 S1 105.061 Buy Above 105.212 105.352 104.806 104.806 104.707 105.212 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.469 S2 104.965 R3 105.625 S3 104.809 R4 105.877 S4 104.557 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 105.217 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 1882.42 S1 1866.28 Buy Above 1882.89 1888.54 1868.37 1868.37 1862.56 1882.89 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1887.40 S2 1861.30 R3 1895.47 S3 1853.23 R4 S4 1840.18 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1874.35 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1908.52 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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