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Daily Forex Technical Analysis Report - September 07, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
07 September, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie trades flat despite lower than expected AIG services index da...
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 07, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 07 September, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie trades flat despite lower than expected AIG services index data; Most Asian stock markets in red; gold slightly up Asian Headlines: • U.S. and Canadian banks will be closed in observance of Labor Day. • Australia AIG services index stands at 42.5 vs 44.0 previous release. • China trade balance stands at 417B vs 442B previous release. • Japan foreign reserves stands at 1,398.5B vs 1,402.5B previous release. • Japan and South Korea face high risk because of cyclone Haishen. Economic Data Ahead: • (0200 ET/0600 GMT) German industrial produc on, previous 8.9 pct, expected 4.5. • (0300 ET/0700 GMT) Swiss foreign currency reserves, previous 846B. • (0330 ET/0730 GMT) U.K. Halifax HPI m/m, previous 1.6, expected 1.0. • (0430 ET/0830 GMT) Euro Sen x investor confidence, previous -13.4, expected -11.4. 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 up 0.17% to 92.87. USD/JPY: The Japanese yen trades flat against U.S. dollar. The pair moves in s ff boundaries since last one month. A sustained close above 106.56 will take the parity higher towards key resistance around 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 105.40 will drag the parity down towards 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie remains almost unchanged a er AIG services index data. The pair made intraday high at $0.7298 and low at $0.7273 marks. On the top side key resistances are seen at $0.7298, $0.7340, $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 consolidates around $0.67 mark against U.S. dollar. Pair made intraday high at $0.6722 and low at $0.6704 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 rises gradually against U.S. dollar. The pair made intraday high at 73.16 and low at 73.06. 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 starts a new week on a flat note as ECB is scheduled to release interest rate decision due on Sept 10. The pair made intraday high at $1.1848 and low at $1.1829 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 $1.1787 will target key supports around $1.1737, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The sterling moves in rigid boundaries and stabilizes above $1.3200 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 $1.3198, $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 marginally higher and remains well supported above $1,930 mark. Today pair made intraday high at $1,941 and low at $1,931 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 jumps no ceably above $27.00 mark in early Asia. 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 0.72972 S1 0.72388 Buy Above 0.73098 0.73294 0.72634 0.72634 0.72447 0.73098 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.73152 S2 0.72208 R3 0.73444 S3 0.71916 R4 0.73916 S4 0.71444 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72680
  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 1.18603 S1 1.17959 Buy Above 1.18649 1.18844 1.18189 1.18189 1.17971 1.18649 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18803 S2 1.17759 R3 1.19125 S3 1.17437 R4 1.19647 S4 1.16915 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.18281 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 1.33112 S1 1.32018 Buy Above 1.33170 1.33502 1.32135 1.32135 1.31758 1.33170 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.33449 S2 1.31681 R3 1.33996 S3 1.31134 R4 1.34880 S4 1.30250 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.32565 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.31176 S1 1.30442 Buy Above 1.31237 1.31482 1.30367 1.30367 1.30057 1.31237 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.31404 S2 1.30214 R3 1.31771 S3 1.29847 R4 1.32366 S4 1.29252 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.30809 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 106.434 S1 106.090 Buy Above 106.555 106.669 106.116 106.116 105.929 106.555 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 106.539 S2 105.985 R3 106.711 S3 105.813 R4 106.988 S4 105.536 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 106.262 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 1944.33 S1 1920.33 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 1951.75 S2 1912.91 R3 1963.75 S3 1900.91 R4 S4 1881.49 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1932.33 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1983.17 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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