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23 November, 2020
Daily Analysis Report

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Asian Bulle n: Kiwi rises sharply on robust retail sales data, hits highest level since Dec 2018; Asian stock markets in green; gold hovers around $1,870 mark
Asian Headlines:
• Japanese banks will be closed in observance of Labor Thanksgiving Day.
• New Zealand retail sales stand at 28.0 vs -14.8 previous release.
• New Zealand Core retail sales stand at 24.1 vs -13.7 previous release.
• Australia manufacturing PMI stands at 56.1 vs 54.2 previous release.
• Australia services PMI stands at 54.9 vs 53.7 previous release.
Economic Data Ahead:
• (0815 GMT/1345 IST) France flash services PMI, previous 46.5, expected 39.2.
• (0815 GMT/1345 IST) France flash manufacturing PMI, previous 51.3, expected 50.2.
• (0830 GMT/1400 IST) German flash services PMI, previous 49.5, expected 46.1.
• (0830 GMT/1400 IST) German flash manufacturing PMI, previous 58.2, expected 56.0.
• (0900 GMT/1430 IST) Euro flash services PMI, previous 46.9, expected 42.2.
• (0900 GMT/1430 IST) Euro flash manufacturing PMI, previous 54.8, expected 53.2.
• (0930 GMT/1500 IST) U.K. flash services PMI, previous 51.4, expected 43.2.
• (0930 GMT/1500 IST) U.K. flash manufacturing PMI, previous 53.7, expected 50.5.
• (1445 GMT/2015 IST) U.S. flash services PMI, previous 56.9, expected 55.8.
• (1445 GMT/2015 IST) U.S. flash manufacturing PMI, previous 53.4, expected 52.5.
Economic Events Ahead:
• (1530 GMT/2100 IST) U.K. Monetary Policy Report Hearings.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.13% to 92.27 points.
USD/JPY: The Japanese yen trades flat as Japanese banks will be closed in observance of Labor Thanksgiving Day. A sustained close above 103.82 will take the parity
higher towards key resistance around 104.20, 104.60, 105.22, 105.64, 105.92, 106.22 and 106.76 mark respec vely. On the other side, a consistent close below 103.73
will drag the parity down towards 103.65, 103.50, 103.17 and 102.80 marks respec vely.
AUD/USD: The Aussie rises in early Asia a er robust PMI data. The pair made intraday high at $0.7327 and low at $0.7299 marks. On the top side key resistances are seen
at $0.7347, $0.7376, $0.74 and $0.7426 mark respec vely. On the other hand, a consistent close below $0.7298 will take the parity down towards key supports around
$0.7270, $0.7220, $0.7190, $0.7170, $0.7122, $0.7090 and $0.7052 mark respec vely.
NZD/USD: The Kiwi strengthens on Monday and hits highest level Since Dec 03, 2018. Pair made intraday high at $0.6969 and low at $0.6923 mark. Key resistances are
seen at $0.6969, $0.7002, $0.7047 and $0.7082 mark respec vely. Alterna vely, a consistent close below $0.6890 will drag the parity down towards key supports around
$0.6850, $0.6783, $0.6750, $0.6690, $0.6610, $0.6578, $0.6527 and $0.6499 mark respec vely.
USD/INR: The Indian rupee exhibits range bound movement and stabilizes above 74.00 mark. The pair made intraday high at 74.16 and low at 73.99 marks. A sustained
close below 74.22 marks will drag the parity down towards 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 74.40, 74.65, 75.02, 75.27, 75.39 and 75.62 marks respec vely.
EUR/USD: The euro trades marginally higher ahead of services PMI and Manufacturing PMI data. The pair made intraday high at $1.1878 and low at $1.1850 mark. A
sustained close above $1.1873 tests key resistances at $1.1890, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a
sustained close below $1.1852 will target key supports around $1.1802, $1.1770, $1.1740, $1.1672, $1.1640, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound starts a new week on posi ve note and hits fresh 2 – month high at $1.3327 mark. Today pair made intraday high at $1.3327 and low at $1.3272
mark. A sustained close above $1.3283 will drag the parity up towards $1.3360, $1.3382 and $1.3434 mark respec vely. Key support levels are seen at $1.3222, $1.3170,
$1.3122, $1.3090, $1.3054, $1.3002 and $1.2950 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades flat on Monday and stabilizes around $1,875 mark. Today pair made intraday high at $1,876 and low at $1,868 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 $1,860,
$1,852, $1,848, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,876, $1,882, $1,887, $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 moves in s ff boundaries and remains well supported above $24.00 mark. Today pair made intraday high at $24.39 and low at $24.09 mark. A
sustained close above $24.78 requires for upside rally. Key support levels are seen at $24.15, $23.90, $23.65, $23.22, $22.90, $22.77 and $22.40 marks respec vely. Key
resistances are seen at $24.78, $25.02, $25.22, $25.47, $25.90 and $26.08 marks respec vely.

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 0.73197 S1 0.72757
Buy Above 0.73407
0.73567
0.72813
0.72813
0.72643
0.73407
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.73334 S2 0.72620
R3 0.73554 S3 0.72400
R4 0.73911 S4 0.72043
Conclusion
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0.72977

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 1.18819 S1 1.18505
Buy Above 1.18992
1.19146
1.18422
1.18422
1.18239
1.18992
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18916 S2 1.18408
R3 1.19073 S3 1.18251
R4 1.19327 S4 1.17997
Conclusion
+1 7754 366 970
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1.18662
NOVEMBER,2020

5.
GBP / 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 1.32974 S1 1.32538
Buy Above 1.33345
1.33535
1.32716
1.32716
1.32457
1.33345
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.33109 S2 1.32403
R3 1.33327 S3 1.32185
R4 1.33680 S4 1.31832
Conclusion
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analysis@tpglobalfx.com
1.32756
NOVEMBER,2020

6.
USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.30984 S1 1.30540
Buy Above 1.31221
1.31438
1.30450
1.30450
1.30284
1.31221
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31121 S2 1.30403
R3 1.31343 S3 1.30181
R4 1.31702 S4 1.29822
Conclusion
+1 7754 366 970
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1.30762
Trend Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
NOVEMBER,2020

7.
USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 103.890 S1 103.730
Buy Above 103.950
104.052
103.621
103.621
103.502
103.950
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 103.939 S2 103.681
R3 104.019 S3 103.601
R4 104.148 S4 103.472
Conclusion
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103.810
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
NOVEMBER,2020

8.
XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1877.67 S1 1863.25
Buy Above 1883.21
1889.93
1855.65
1855.65
1850.17
1883.21
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1882.13 S2 1858.79
R3 1889.34 S3 1851.58
R4 S4 1839.91
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1870.46
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
1901.01
NOVEMBER,2020

9.
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