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Daily Forex Technical Analysis Report - October 09, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
09 October, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar depreciates no ceably against major peers on comments f...
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 09, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 09 October, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar depreciates no ceably against major peers on comments from Fed’s Kaplan; Most Asian stock markets in green; gold up Asian Headlines: • Fed’s Kaplan: No need to expand the central bank’s asset purchases to bolster the economic recovery. • Fed’s Kaplan signaled support for winding s mulus down when the Corona virus crisis eases. • Japan average cash earnings stands at -1.3 pct vs -1.5 pct previous release (expected -1.2). • Japan household spending stands at -6.9 pct vs -7.6 pct previous release (expected -6.6). • China Caixin services PMI stands at 54.8 vs vs 54.0 previous release (expected 54.5). Economic Data Ahead: • (0245 ET/0645 GMT) France industrial produc on, previous 3.8, expected 2.1. • (0400 ET/0800 GMT) Italy industrial produc on, previous 7.4, expected 1.3. • (0830 ET/1230 GMT) Canada employment change, previous 245.8K, expected 150.0K. • (0830 ET/1230 GMT) Canada unemployment rate, previous 10.2, expected 9.8. Economic Events Ahead: • No key events scheduled for the day. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.15% to 93.47 points. USD/JPY: The Japanese yen rises despite lower than expected average cash earnings, household spending data. A sustained close above 106.01 will take the parity higher towards key resistance around 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 105.60 will drag the parity down towards 105.22, 104.92, 104.55, 104.20, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie strengthens gradually a er RBA’s financial stability review report and remains well supported above $0.7150 mark. The pair made intraday high at $0.7187 and low at $0.7161 marks. On the top side key resistances are seen at $0.7187, $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 $0.7166 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 rises sharply in early Asia and jumps above $0.66 mark. Pair made intraday high at $0.6612 and low at $0.6572 mark. Key resistances are seen at $0.6612, $0.6657, $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6574 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 trading marginally higher and slips below 73.00 mark in opening hours. The pair made intraday high at 73.24 and low at 72.96 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 appreciates on Friday and remains well supported above $1.1750 mark. The pair made intraday high at $1.1780 and low at $1.1752 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 appreciates sharply against U.S. dollar and trading around $1.2950 mark in early Asia. Today pair made intraday high at $1.2959 and low at $1.2912 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 $1.2912, $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 rises sharply on Friday and touches $1,912 mark in early Asia. Today pair made intraday high at $1,912 and low at $1,893 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 $1,918, $1,922, $1,932, $1,940, $1,947, $1,957 and $1,972 marks respec vely. XAG/USD (Silver): Silver rises extremely on Friday and jumps above $24.00 mark. Today pair made intraday high at $24.41 and low at $23.83 mark. A sustained close above $24.38 requires for upside rally. Key support levels are seen at $23.83, $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 $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 Up Trend Moving Average (Period=75) Above MA H 1 RIS (Period=26) Above RIS LEVEL 50 FIBO Levels PIVOT R1 0.71710 S1 0.71350 Buy Above 0.71967 0.72145 0.71501 0.71501 0.71279 0.71967 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.71820 S2 0.71240 R3 0.72000 S3 0.71060 R4 0.72290 S4 0.70770 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.71530
  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 1.17763 S1 1.17391 Buy Above 1.17852 1.17971 1.17457 1.17457 1.17299 1.17852 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.17879 S2 1.17275 R3 1.18065 S3 1.17089 R4 1.18367 S4 1.16787 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.17577 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 1.29618 S1 1.29014 Buy Above 1.29663 1.29985 1.28924 1.28924 1.28636 1.29663 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.29805 S2 1.28827 R3 1.30107 S3 1.28525 R4 1.30596 S4 1.28036 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.29316 OCTOBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.32456 S1 1.31914 Buy Above 1.32508 1.32764 1.31709 1.31709 1.31448 1.32508 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.32623 S2 1.31747 R3 1.32894 S3 1.31476 R4 1.33332 S4 1.31038 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.32185 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 106.083 S1 105.943 Buy Above 106.127 106.240 105.752 105.752 105.628 106.127 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 106.126 S2 105.900 R3 106.196 S3 105.830 R4 106.309 S4 105.717 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 106.013 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 1899.11 S1 1884.81 Buy Above 1915.29 1919.75 1889.42 1889.42 1884.96 1915.29 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1903.54 S2 1880.38 R3 1910.69 S3 1873.23 R4 S4 1861.65 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1891.96 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1922.27 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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