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Daily Forex Technical Analysis Report - October 01, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
01 October, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar falls no ceably against major peers ahead of final manuf...
AUD / USD
REPORTFROM:TPGLOBALFXOCTOBER,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
...
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Daily Forex Technical Analysis Report - October 01, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 01 October, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar falls no ceably against major peers ahead of final manufacturing PMI data; Asian stock markets in green; gold hovers around $1,890 mark Asian Headlines: • Australia AIG manufacturing index stands at 46.7 vs 49.3 previous release. • Japan Tankan manufacturing index stands at -27 vs -34 previous release (expected -23). • Japan Tankan non - manufacturing index stands at -12 vs -17 previous release (expected -9). • Japan final manufacturing PMI stands at 47.7 vs 47.3 previous release (expected 47.3). • South Korea trade balance stands at 8.88B vs 3.84B previous release. • Singapore URA property index remains unchanged at 0.80 pct. Economic Data Ahead: • (0230 ET/0630 GMT) Swiss CPI, previous 0.0, expected 0.0. • (0230 ET/0630 GMT) Swiss retail sales, previous 4.1, expected 4.5. • (0315 ET/0715 GMT) Spain Manufacturing PMI, previous 49.9, expected 50.5. • (0330 ET/0730 GMT) Swiss manufacturing PMI, previous 51.8, expected 53.4. • (0345 ET/0745 GMT) Italy manufacturing PMI, previous 53.1, expected 53.6. • (0350 ET/0750 GMT) France Final manufacturing PMI, previous 50.9, expected 50.9. • (0355 ET/0755 GMT) German final manufacturing PMI, previous 56.6, expected 56.6. • (0400 ET/0800 GMT) Euro final manufacturing PMI, previous 53.7, expected 53.7. • (0400 ET/0800 GMT) Italy unemployment rate, previous 9.7, expected 10.2. • (0430 ET/0830 GMT) U.K. final manufacturing PMI, previous 54.3, expected 54.3. • (0500 ET/0900 GMT) Euro PPI, previous 0.6, expected 0.2. • (0500 ET/0900 GMT) Euro unemployment rate, previous 7.9, expected 8.1. • (0830 ET/1230 GMT) U.S. personal income, previous 0.4, expected -2.0. • (0830 ET/1230 GMT) U.S. personal spending, previous 1.9, expected 0.7. • (0930 ET/1330 GMT) Canada manufacturing PMI, previous 55.1. • (0945 ET/1345 GMT) U.S. final manufacturing PMI, previous 53.5, expected 53.5. • (1000 ET/1400 GMT) U.S. ISM manufacturing PMI, previous 56.0, expected 56.0. Economic Events Ahead: • (0620 ET/1020 GMT) U.K. MPC member Haldane’s speech. • (1100 ET/1500 GMT) FOMC member Williams’s speech. • (1500 ET/1900 GMT) FOMC member Bowman’s speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.19% to 93.71 points. USD/JPY: The Japanese yen trades marginally lower despite strong manufacturing PMI data. A sustained close above 105.61 will take the parity higher towards key resistance around 105.90, 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 105.38 will drag the parity down towards 104.92, 104.55, 104.20, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie rises sharply against U.S. dollar despite lower than previous AIG manufacturing Index data. The pair made intraday high at $0.7183 and low at $0.7154 marks. On the top side key resistances are seen at $0.7176, $0.7222, $0.7290, $0.7340, $0.7370, $0.7422, $0.7462 and $0.7502 mark respec vely. On the other hand, a consistent close below $0.7160 will take the parity down towards key supports around $0.7120, $0.7090, $0.7068, $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely. NZD/USD: The kiwi strengthens and remains well supported above $0.66 mark in opening hours. Pair made intraday high at $0.6633 and low at $0.6607 mark. Key resistances are seen at $0.6630, $0.6667, $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6612 will drag the parity down towards key supports around $0.6540, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee trades almost flat and hovers around 73.50 mark. The pair made intraday high at 73.55 and low at 73.47 mark. A sustained close below 73.02 marks will drag the parity down towards 72.88, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 73.76, 74.10, 74.37, 74.70, 75.02, 75.20 and 75.39 marks respec vely. EUR/USD: The euro moves in rigid boundaries ahead of manufacturing PMI data. The pair made intraday high at $1.1747 and low at $1.1716 mark. A sustained close above $1.1742 tests key resistances at $1.1770, $1.1837, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1719 will target key supports around $1.1690, $1.1660, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound trades marginally higher on Thursday and touches $1.2941 mark in early Asia. A sustained close above $1.2911 will drag the parity up towards $1.2966, $1.3002, $1.3070 and $1.3102 mark respec vely. Key support levels are seen at $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 slightly up but remains well supported below $1,900 mark. Today pair made intraday high at $1,894 and low at $1,884 mark. A sustained close above $1,897 requires for the upside rally. On the other side, consistent close below $1,885 will check key supports as well. Key support levels are seen around $1,876, $1,862, $1,854, $1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,899, $1,912, $1,922, $1,932, $1,940, $1,947, $1,957 and $1,972 marks respec vely. XAG/USD (Silver): Silver starts a new day on posi ve note. Today pair made intraday high at $23.65 and low at $23.22 mark. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $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 $23.72, $23.90, $24.17, $24.40, $24.76 and $25.53 marks respec vely.
  3. 3. AUD / USD REPORTFROM:TPGLOBALFXOCTOBER,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 0.71743 S1 0.71169 Buy Above 0.72142 0.72327 0.71296 0.71296 0.71061 0.72142 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.71920 S2 0.70992 R3 0.72207 S3 0.70705 R4 0.72671 S4 0.70241 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.71456
  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 1.17464 S1 1.16926 Buy Above 1.17604 1.17889 1.16823 1.16823 1.16619 1.17604 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.17629 S2 1.16761 R3 1.17890 S3 1.16492 R4 1.18332 S4 1.16058 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.17195 OCTOBER,2020
  5. 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 1.29423 S1 1.28377 Buy Above 1.29641 1.29956 1.28583 1.28583 1.28166 1.29641 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.29745 S2 1.28055 R3 1.30268 S3 1.27532 R4 1.31113 S4 1.26687 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.28900 OCTOBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.33926 S1 1.33020 Buy Above 1.33633 1.33842 1.32670 1.32670 1.32382 1.33633 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.34207 S2 1.32739 R3 1.34660 S3 1.32286 R4 1.35394 S4 1.31552 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.33473 Trend Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 OCTOBER,2020
  7. 7. USD /JPY REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 105.698 S1 105.390 Buy Above 105.822 105.930 105.267 105.267 105.118 105.822 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.792 S2 105.296 R3 105.946 S3 105.142 R4 106.194 S4 104.894 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 105.544 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 OCTOBER,2020
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1897.56 S1 1881.60 Buy Above 1901.40 1906.67 1879.29 1879.29 1874.62 1901.40 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1902.49 S2 1876.67 R3 1910.47 S3 1868.69 R4 S4 1855.78 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1889.58 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1923.38 OCTOBER,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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