Successfully reported this slideshow.
Your SlideShare is downloading. ×

Daily Forex Technical Analysis Report - October 07, 2020

Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
07 October, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar appreciated sharply against major peers on news by Trum...
AUD / USD
REPORTFROM:TPGLOBALFXOCTOBER,2020
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below M...
Advertisement

Check these out next

1 of 9 Ad
Advertisement

More Related Content

Slideshows for you (20)

Similar to Daily Forex Technical Analysis Report - October 07, 2020 (13)

Advertisement

More from TPGlobalFX (20)

Recently uploaded (20)

Advertisement

Daily Forex Technical Analysis Report - October 07, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 07 October, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar appreciated sharply against major peers on news by Trump to stop s mulus nego a ons un l a er elec on; Asian stock markets mixed; gold hovers around $1,880 mark Asian Headlines: • Australia AIG services Index stands at 36.2 vs 42.5 previous release. • South Korea FX reserves stands at 420.55B vs 418.95B previous release. • Japan FX reserves stands at 1,389.8B vs 1,398.5B. • Japan leading indicators stand at 88.8 pct vs 86.7 previous release (expected 89.2). • Hong Kong manufacturing PMI stands at 47.7 vs 44.0 previous release. Economic Data Ahead: • (0200 ET/0600 GMT) German industrial produc on, 1.2, expected 1.5. • (0245 ET/0645 GMT) France trade balance, previous -7.0B, expected -6.5B. • (0300 ET/0700 GMT) Swiss Foreign currency reserves, previous 848B. • (0330 ET/0730 GMT) U.K. Halifax HPI m/m, previous 1.6, expected 1.5. • (0400 ET/0800 GMT) Italy retail sales, previous -2.2, expected 3.8. • (0430 ET/0830 GMT) U.K. HPI, previous 3.4, expected 3.4. • (1000 ET/1400 GMT) Canada Ivey PMI, previous 67.8. Economic Events Ahead: • (0810 ET/1210 GMT) ECB President Lagarde’s speech. • (1300 ET/1700 GMT) FOMC member Kashkari’s speech. • (1400 ET/1800 GMT) FOMC mee ng minutes. • (1400 ET/1800 GMT) FOMC member Williams’ speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.14% to 93.38 points. USD/JPY: The Japanese yen trades marginally lower on Wednesday but remains well supported around 105.70 mark. A sustained close above 105.74 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 105.30 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 despite lower than previous AIG services index data. The pair made intraday high at $0.7121 and low at $0.7095 marks. On the top side key resistances are seen at $0.7121, $0.7182, $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 $0.7100 will take the parity down towards key supports around $0.7090, $0.7068, $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely. NZD/USD: The kiwi slips below $0.6600 mark a er massive movement came in yesterday’s U.S. session. Pair made intraday high at $0.6594 and low at $0.6575 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 $0.6582 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 marginally higher in opening hours. The pair made intraday high at 73.57 and low at 73.44 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 73.57, 73.76, 74.10, 74.37, 74.70, 75.02, 75.20 and 75.39 marks respec vely. EUR/USD: The euro starts a new trading day on a flat note. The pair made intraday high at $1.1740 and low at $1.1725 mark. A sustained close above $1.1781 tests key resistances at $1.1798, $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 rises gradually against U.S. dollar and touches key resistance at $1.2889 mark in early Asia. Today pair made intraday high at $1.2889 and low at $1.2865 mark. A sustained close above $1.2976 will drag the parity up towards $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 remained highly vola le in previous session and touched $1,874 mark. Today pair made intraday high at $1,884 and low at $1,872 mark. A sustained close above $1,913 requires for the upside rally. On the other side, consistent close below $1,878 will check key supports as well. Key support levels are seen around $1,872, $1,864, $1,857, $$1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,902, $1,908, $1,918, $1,922, $1,932, $1,940, $1,947, $1,957 and $1,972 marks respec vely. XAG/USD (Silver): Silver trades slightly up and trading around $23.40 mark. Today pair made intraday high at $23.53 and low at $23.02 mark. A sustained close above $24.38 requires for upside rally. Key support levels are seen at $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 $23.53, $23.72, $24.17, $24.52, $24.76, $25.53, $25.81 and $25.94 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 0.71773 S1 0.70945 Buy Above 0.71634 0.71869 0.70877 0.70877 0.70635 0.71634 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.72030 S2 0.70688 R3 0.72444 S3 0.70274 R4 0.73115 S4 0.69603 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.71359
  4. 4. EUR / 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 1.17862 S1 1.17282 Buy Above 1.17568 1.17710 1.16986 1.16986 1.16832 1.17568 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18042 S2 1.17102 R3 1.18332 S3 1.16812 R4 1.18802 S4 1.16342 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.17572 OCTOBER,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 1.29689 S1 1.28619 Buy Above 1.29526 1.29907 1.28338 1.28338 1.28094 1.29526 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.30020 S2 1.28288 R3 1.30555 S3 1.27753 R4 1.31421 S4 1.26887 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.29154 OCTOBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.33194 S1 1.32624 Buy Above 1.33400 1.33572 1.32795 1.32795 1.32569 1.33400 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.33370 S2 1.32448 R3 1.33655 S3 1.32163 R4 1.34116 S4 1.31702 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.32909 Trend Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 OCTOBER,2020
  7. 7. USD /JPY REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 105.743 S1 105.503 Buy Above 105.797 105.950 105.438 105.438 105.294 105.797 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.817 S2 105.429 R3 105.937 S3 105.309 R4 106.131 S4 105.115 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 105.623 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 1908.71 S1 1873.49 Buy Above 1894.34 1904.80 1872.63 1872.63 1864.53 1894.34 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1919.60 S2 1862.60 R3 1937.21 S3 1844.99 R4 S4 1816.49 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1891.10 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1965.71 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

×