Successfully reported this slideshow.
Your SlideShare is downloading. ×

Daily Forex Technical Analysis Report - September 08, 2020

Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
08 September, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen remains almost unchanged a er current account, final GD...
AUD / USD
REPORTFROM:TPGLOBALFXSEPTEMBER,2020
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below...
Advertisement
Loading in …3
×

Check these out next

1 of 9 Ad
Advertisement

More Related Content

Slideshows for you (20)

Similar to Daily Forex Technical Analysis Report - September 08, 2020 (14)

Advertisement

More from TPGlobalFX (20)

Recently uploaded (20)

Advertisement

Daily Forex Technical Analysis Report - September 08, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 08 September, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen remains almost unchanged a er current account, final GDP data; most Asian stock markets in green; gold hovers around $1,930 mark Asian Headlines: • U.K. BRC retail sales monitor stands at 4.7 pct vs 4.3 pct previous release (expected 3.5). • Japan average cash earnings stands at -1.3 pct vs -2.0 pct previous release (expected -1.6). • Japan household spending stands at -7.6 pct vs -1.2 pct previous release. • Japan Current account stands at 0.96T vs 1.05T previous release (expected 1.44T). • Japan final GPD q/q stands at -7.9 pct vs -7.8 pct previous release (expected -8.1). • Australia NAB business confidence stands at -8 vs -14 previous release. Economic Data Ahead: • (0200 ET/0600 GMT) German trade balance, previous 14.5, expected 14.9B. • (0245 ET/0645 GMT) France trade balance, previous -8.0B, expected -7.0B. • (0400 ET/0800 GMT) Italy retail sales, previous 12.1, expected 1.1 pct. • (0500 ET/0900 GMT) Euro final employment change, previous -2.8, expected -2.8. • (0500 ET/0900 GMT) Euro revised GDP q/q, previous -12.1, expected -12.1. • (0600 ET/1000 GMT) U.S. NFIB small business index, previous 98.8, expected 99.0. • (1000 ET/1400 GMT) U.S. IBD/TIPP economic op mism, previous 46.8, expected 47.3. 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 0.44% to 93.13. USD/JPY: The Japanese yen trades flat against U.S. dollar a er mixed economic data. 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 trades flat a er NAB business confidence data. The pair made intraday high at $0.7286 and low at $0.7271 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 con nues to trade in rigid boundaries and slips below $0.6685 mark. Pair made intraday high at $0.6697 and low at $0.6684 mark. Key resistances are seen at $0.6740, $0.6770, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6690 will drag the parity down towards key supports around $0.6684, $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 reverses previous gain against U.S. dollar and stabilizes back above 73.00 mark. The pair made intraday high at 73.61 and low at 73.40. 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 73.76, 74.10, 74.37, 74.70, 75.02, 75.20 and 75.39 marks respec vely. EUR/USD: The euro remains flat ahead of ECB interest rate decision. The pair made intraday high at $1.1821 and low at $1.1795 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 falls no ceably a er Brexit deal back on discussion. 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 $1.3102, $1.3062, $1.3009, $1.2950, $1.2838 and $1.2775 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold trades flat in the absence of major economic data from the U.S. session. Today pair made intraday high at $1,932 and low at $1,922 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 $1,932, $1,940, $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 consolidates around $26.90 mark. 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 0.72917 S1 0.72703 Buy Above 0.72972 0.73123 0.72634 0.72634 0.72447 0.72972 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.72983 S2 0.72637 R3 0.73090 S3 0.72530 R4 0.73263 S4 0.72357 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72810
  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 1.18381 S1 1.18099 Buy Above 1.18348 1.18503 1.17838 1.17838 1.17687 1.18348 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18467 S2 1.18013 R3 1.18608 S3 1.17872 R4 1.18835 S4 1.17645 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.18240 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 1.32376 S1 1.31410 Buy Above 1.32247 1.32534 1.31032 1.31032 1.30706 1.32247 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.32675 S2 1.31111 R3 1.33158 S3 1.30628 R4 1.33940 S4 1.29846 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31893 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.31130 S1 1.30590 Buy Above 1.31265 1.31482 1.30755 1.30755 1.30497 1.31265 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.31298 S2 1.30422 R3 1.31568 S3 1.30152 R4 1.32006 S4 1.29714 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.30860 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 106.350 S1 106.156 Buy Above 106.386 106.489 106.149 106.149 106.037 106.386 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 106.409 S2 106.097 R3 106.506 S3 106.000 R4 106.662 S4 105.844 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 106.253 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 1937.86 S1 1925.00 Buy Above 1935.88 1939.42 1919.37 1919.37 1912.43 1935.88 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1941.83 S2 1921.03 R3 1948.26 S3 1914.60 R4 S4 1904.20 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1931.43 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1958.66 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

×