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Daily Forex Technical Analysis Report - October 27, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
27 October, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar trades slightly lower against major peers; Asian stock ...
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 27, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 27 October, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar trades slightly lower against major peers; Asian stock markets in red; gold touches $1,910 mark in early Asia Asian Headlines: • New Zealand trade balance stands at -1017M vs -282M previous release (expected -1015M). • South Korea GDP q/q stands at 1.9 pct vs -3.2 pct previous release (expected 1.7). • China industrial profit stands at 10.10 pct vs 19.10 pct previous release. • Japan core CPI stands at -0.1 pct vs 0.0 pct previous release (expected 0.0). Economic Data Ahead: • (0400 ET/0800 GMT) Spain unemployment rate, previous 15.3, expected 16.0. • (0500 ET/0900 GMT) Euro money supply, previous 9.5, expected 9.6. • (0500 ET/0900 GMT) Euro private loans, previous 3.0, expected 3.1. • (0700 ET/1100 GMT) U.K. CBI realized sales, previous 11, expected -1. • (0830 ET/1230 GMT) U.S. durable goods order, previous 0.5, expected 1.1. • (0830 ET/1230 GMT) U.S. core durable goods order, previous 0.6, expected 0.4. • (0900 ET/1300 GMT) U.S. HPI, previous 1.0, expected 0.7. • (1000 ET/1400 GMT) U.S. Richmond manufacturing index, previous 21, expected 18. 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 0.08% to 92.97 points. USD/JPY: The Japanese yen exhibits range bound movement and consolidates around 104.70 mark. A sustained close above 104.83 will take the parity higher towards key resistance around 104.92, 105.20, 105.94, 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 104.58 will drag the parity down towards 104.20, 104.55, 104.20, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie trades in s ff boundaries and remains well supported above $0.7100 mark. The pair made intraday high at $0.7137 and low at $0.7113 marks. On the top side key resistances are seen at $0.7142, $0.7190, $0.7222, $0.7240 and $0.7290 mark respec vely. On the other hand, a consistent close below $0.7090 will take the parity down towards key supports around $0.7047, $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely. NZD/USD: The Kiwi rises slightly on Tuesday and hovers around $0.6700 mark. Pair made intraday high at $0.6693 and low at $0.6670 mark. Key resistances are seen at $0.6710, $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6675 will drag the parity down towards key supports around $0.6578, $0.6527, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee fails to find support above 74.00 mark and trades in narrow range. The pair made intraday high at 73.98 and low at 73.86 marks. A sustained close below 73.92 marks will drag the parity down towards 73.76, 73.62, 73.20, 72.87, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 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 ECB’s interest rate decision due on Thursday. The pair made intraday high at $1.1825 and low at $1.1806 mark. A sustained close above $1.1857 tests key resistances at $1.1876, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1808 will target key supports around $1.1790, $1.1744, $1.1688, $1.1662, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound erases previous loss against U.S. dollar and trades marginally higher around $1.3040 mark. Today pair made intraday high at $1.3039 and low at $1.3002 mark. A sustained close above $1.3040 will drag the parity up towards $1.3070, $1.3102, $1.3152, $1.3176, $1.3224 and $1.3248 mark respec vely. Key support levels are seen at $1.3002, $1.2945, $1.2889, $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 marginally higher on Tuesday and stabilizes above $1,900 mark. Today pair made intraday high at $1,910 and low at $1,901 mark. A sustained close above $1,908 requires for the upside rally. On the other side, consistent close below $1,902 will check key supports as well. Key support levels are seen around $1,891, $1,882, $1,876, $1,864, $1,857, $$1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,914, $1,922, $1,927, $1,932, $1,940, $1,947, $1,957 and $1,972 marks respec vely. XAG/USD (Silver): Silver appreciates slightly and touches $24.58 mark in Asian hours. Today pair made intraday high at $24.58 and low at $24.26 mark. A sustained close above $25.04 requires for upside rally. Key support levels are seen at $24.12, $23.87, $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 $24.67, $24.85, $25.10, $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 0.71402 S1 0.71068 Buy Above 0.71445 0.71697 0.70925 0.70925 0.70738 0.71445 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.71504 S2 0.70966 R3 0.71671 S3 0.70799 R4 0.71940 S4 0.70530 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.71235
  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 1.18456 S1 1.18018 Buy Above 1.18513 1.18737 1.18016 1.18016 1.17801 1.18513 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18590 S2 1.17884 R3 1.18809 S3 1.17665 R4 1.19162 S4 1.17312 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.18237 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 1.30610 S1 1.29984 Buy Above 1.30834 1.31149 1.29910 1.29910 1.29623 1.30834 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.30804 S2 1.29790 R3 1.31117 S3 1.29477 R4 1.31624 S4 1.28970 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.30297 OCTOBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.32246 S1 1.31486 Buy Above 1.32342 1.32625 1.31313 1.31313 1.30945 1.32342 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.32482 S2 1.31250 R3 1.32862 S3 1.30870 R4 1.33478 S4 1.30254 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31866 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 104.995 S1 104.689 Buy Above 104.991 105.165 104.558 104.558 104.412 104.991 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.089 S2 104.595 R3 105.242 S3 104.442 R4 105.489 S4 104.195 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 104.842 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 1907.12 S1 1893.96 Buy Above 1915.29 1919.92 1898.80 1898.80 1895.76 1915.29 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1911.19 S2 1889.89 R3 1917.77 S3 1883.31 R4 S4 1872.66 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1900.54 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1928.42 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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