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Daily Forex Technical Analysis Report - September 04, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
04 September, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie remains slightly vola le in early Asia as retail sales data ...
AUD / USD
REPORTFROM:TPGLOBALFXSEPTEMBER,2020
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below...
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Daily Forex Technical Analysis Report - September 04, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 04 September, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie remains slightly vola le in early Asia as retail sales data misses expecta ons; Asian stock markets in red ahead of U.S. NFP job data; gold stabilizes above $1,920 mark Asian Headlines: • South Korea current account stands at 7.45B vs 6.88B previous release. • Australia retail sales m/m stands at 3.2 pct vs 2.7 pct previous release (expected 3.3). Economic Data Ahead: • (0200 ET/0600 GMT) German factory orders, previous 27.9, expected 5.1. • (0245 ET/0645 GMT) France Gov budget balance, previous -124.9B. • (0430 ET/0830 GMT) U.K. construc on PMI, previous 58.1, expected 58.9. • (0830 ET/1230 GMT) U.S. NFP job data, previous 1763K, expected 1385K. • (0830 ET/1230 GMT) U.S. unemployment rate, previous 10.2, expected 9.8. • (0830 ET/1230 GMT) U.S. average hourly earnings, previous 0.2, expected 0.0. • (0830 ET/1230 GMT) Canada employment change, previous 418.5K, expected 262.5K. • (0830 ET/1230 GMT) Canada unemployment rate, previous 10.9, expected 10.1. • (1000 ET/1400 GMT) Canada Ivey PMI, previous 68.5. Economic Events Ahead: • Tenta ve U.K. MPC member Saunders’s speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.05% to 92.80. USD/JPY: The Japanese yen trades marginally higher in early Asia. A sustained close above 106.17 will take the parity higher towards key resistance around 106.56, 106.90, 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 106.17 will drag the parity down towards 105.40, 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie falls gradually as retail sales data misses expecta ons. The pair made intraday high at $0.7278 and low at $0.7251 marks. On the top side key resistances are seen at $0.7290, $0.7370, $0.7422, $0.7462 and $0.7502 mark respec vely. On the other hand, a consistent close below $0.7271 will take the parity down towards key supports around $0.7257, $0.7190, $0.7158, $0.7123, $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely. NZD/USD: The kiwi depreciates and slips below $0.67 mark against U.S. dollar. Pair made intraday high at $0.6713 and low at $0.6687 mark. Key resistances are seen at $0.6770, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6700 will drag the parity down towards key supports around $0.6686, $0.6620, $0.6547, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee moves in s ff boundaries against U.S. dollar. The pair made intraday high at 73.44 and low at 73.27. 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 73.37, 73.76, 74.10, 74.37, 74.70, 75.02, 75.20 and 75.39 marks respec vely. EUR/USD: The euro fails to find support below $1.18 mark. The pair made intraday high at $1.1858 and low at $1.1839 mark. A sustained close above $1.1936 tests key resistances at $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1737 will target key supports around $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The sterling moves in s ff boundaries and stabilizes above $1.3250 mark. A sustained close above $1.3280 will drag the parity up towards $1.3350, $1.3382, $1.3422, $1.3442 and $1.3515 mark respec vely. Key support levels are seen at $1.3238, $1.3198, $1.3151, $1.3102, $1.3062, $1.3009, $1.2950, $1.2838 and $1.2775 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold trades slightly up and stabilizes above key support at $1,922 mark. Today pair made intraday high at $1,942 and low at $1,925 mark. A sustained close above $2,001 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,922, $1,910, $1,902, $1,890, $1,862, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,947, $1,958, $1,970, $1,982, $1,994, $2,008, 2,020, 2,038 and $2,063 marks respec vely. XAG/USD (Silver): Silver slips below $27.00 mark on Friday. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $26.53, $26.12, $25.53, $25.02, $24.70, $23.41, $23.24 and $23.02 marks respec vely. Key resistances are seen at $27.22, $27.70, $28.12, $28.84, $28.97, $29.13 and $29.55 marks respec vely.
  3. 3. AUD / USD REPORTFROM:TPGLOBALFXSEPTEMBER,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 073207 S1 0.72637 Buy Above 0.73098 0.73294 0.72576 0.72576 0.72309 0.73098 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.73384 S2 0.72460 R3 0.73669 S3 0.72175 R4 0.74131 S4 0.71713 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72922
  4. 4. EUR / USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS Trends Reversing Down Trend Moving Average (Period=75) Below MA H 1 RIS (Period=26) Below RIS LEVEL 50 FIBO Levels PIVOT R1 1.18537 S1 1.18031 Buy Above 1.18903 1.19139 1.18190 1.18190 1.17970 1.18903 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18694 S2 1.17874 R3 1.18947 S3 1.17621 R4 1.19357 S4 1.17211 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.18284 SEPTEMBER,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 1.33361 S1 1.32489 Buy Above 1.33295 1.33687 1.32503 1.32503 1.32165 1.33295 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.33630 S2 1.32220 R3 1.34066 S3 1.31784 R4 1.34771 S4 1.31079 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.32925 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.31557 S1 1.30605 Buy Above 1.31622 1.31958 1.30788 1.30788 1.30367 1.31622 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.31852 S2 1.30310 R3 1.32328 S3 1.29834 R4 1.33099 S4 1.29063 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31081 Trend Up Trend Moving Average (Period=75) Above Above MA RIS (Period=26) Above RIS LEVEL 50 SEPTEMBER,2020
  7. 7. USD /JPY REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 106.448 S1 106.630 Buy Above 106.324 106.474 105.970 105.970 105.795 106.324 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 106.578 S2 105.900 R3 106.787 S3 105.691 R4 107.126 S4 105.352 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 106.239 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 SEPTEMBER,2020
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1945.35 S1 1923.03 Buy Above 1950.62 1959.66 1923.32 1923.32 1914.28 1950.62 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1952.24 S2 1916.14 R3 1963.40 S3 1904.98 R4 S4 1886.93 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1934.19 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1981.45 SEPTEMBER,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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