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Daily Forex Technical Analysis Report - October 05, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
05 October, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen falls dras cally in opening hours; Asian stock markets...
AUD / USD
REPORTFROM:TPGLOBALFXOCTOBER,2020
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below M...
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Daily Forex Technical Analysis Report - October 05, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 05 October, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen falls dras cally in opening hours; Asian stock markets extremely up; gold down Asian Headlines: • New Zealand commodity prices stands at -0.2 vs -1.0 previous release. • Australia MI infla on gauge stands at 0.1 pct vs 0.1 pct previous release. • Australia NAB business confidence stands at -4 vs -8 previous release. • Australia AIG construc on index stands at 45.2 vs 42.7 previous release. • South Korea manufacturing PMI stands at 49.8 vs 48.5 previous release. • Japan services PMI stands at 46.9 vs 45.0 previous release (expected 45.6). Economic Data Ahead: • (0315 ET/0715 GMT) Spain services PMI, previous 47.7, expected 46.4. • (0345 ET/0745 GMT) Italy services PMI, previous 47.1, expected 46.7. • (0350 ET/0750 GMT) France final services PMI, previous 47.5, expected 47.5. • (0355 ET/0755 GMT) German final services PMI, previous 49.1, expected 49.1. • (0400 ET/0800 GMT) Euro final services PMI, previous 47.6, expected 47.6. • (0430 ET/0830 GMT) Euro Sen x investor confidence, previous -8.0, expected -9.2. • (0430 ET/0830 GMT) U.K. final services PMI, previous 55.1, expected 55.1. • (0500 ET/0900 GMT) Euro retail sales, previous -1.3, expected 2.4. • (1000 ET/1400 GMT) U.S. ISM non – manufacturing PMI, previous 56.9, expected 56.3. Economic Events Ahead: • All Day Eurogroup mee ngs. 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 93.73 points. USD/JPY: The Japanese yen falls no ceably in opening hours and touches 105.60 mark. 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 trades marginally higher a er robust services PMI and AIG construc on index data. The pair made intraday high at $0.7191 and low at $0.7156 marks. On the top side key resistances are seen at $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 rises slightly on Monday. Pair made intraday high at $0.6654 and low at $0.6632 mark. Key resistances are seen at $0.6657, $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 strengthens in opening hours and touches 72.99 mark. The pair made intraday high at 73.24 and low at 72.99 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 73.54, 73.76, 74.10, 74.37, 74.70, 75.02, 75.20 and 75.39 marks respec vely. EUR/USD: The euro trades flat ahead of Eurogroup mee ng. The Eurogroup coordinates economic policies of the 19 euro area member states and their ini a ves and decisions can have a widespread effect on the Eurozone's economic health. The pair made intraday high at $1.1735 and low at $1.1706 mark. A sustained close above $1.1744 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 $1.1710 will target key supports around $1.1690, $1.1660, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound moves in rigid boundaries and hovers around $1.2930 mark. Today pair made intraday high at $1.2954 and low at $1.2912 mark. A sustained close above $1.2928 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 starts a new week on a nega ve note. Today pair made intraday high at $1,904 and low at $1,891 mark. A sustained close above $1,906 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 trades flat on Monday and jumps above $24.00 mark in opening hours. Today pair made intraday high at $24.04 and low at $23.69 mark. A sustained close above $24.20 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 $23.90, $24.17, $24.40, $24.76 and $25.53 marks respec vely.
  3. 3. AUD / USD REPORTFROM:TPGLOBALFXOCTOBER,2020 Time Frame: H1 INDICATORS Trends Down Trend Moving Average (Period=75) Below MA H 1 RIS (Period=26) Below RIS LEVEL 50 FIBO Levels PIVOT R1 0.71823 S1 0.71383 Buy Above 0.71978 0.72138 0.71462 0.71462 0.71275 0.71978 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.71958 S2 0.71248 R3 0.72178 S3 0.71028 R4 0.72533 S4 0.70673 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.71603
  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 1.17409 S1 1.16995 Buy Above 1.17568 1.17710 1.16955 1.16955 1.16777 1.17568 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.17537 S2 1.16867 R3 1.17744 S3 1.16660 R4 1.18079 S4 1.16325 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.17202 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 1.29538 S1 1.28642 Buy Above 1.29744 1.30003 1.28725 1.28725 1.28338 1.29744 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.29814 S2 1.28366 R3 1.30262 S3 1.27918 R4 1.30986 S4 1.27194 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.29090 OCTOBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.33250 S1 1.32812 Buy Above 1.33400 1.33572 1.32572 1.32572 1.32359 1.33400 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.33384 S2 1.32678 R3 1.33603 S3 1.32459 R4 1.33956 S4 1.32106 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.33031 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 105.584 S1 105.032 Buy Above 105.790 105.950 105.233 105.233 105.025 105.790 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.755 S2 104.861 R3 106.031 S3 104.585 R4 106.478 S4 104.138 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 105.308 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 OCTOBER,2020
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1912.82 S1 1892.00 Buy Above 1913.10 1918.89 1881.99 1881.99 1875.04 1913.10 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1919.24 S2 1885.58 R3 1929.65 S3 1875.17 R4 S4 1858.34 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1902.41 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1946.48 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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