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Daily Forex Technical Analysis Report - September 09, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
09 September, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Sterling falls dras cally against U.S. dollar on the back of Brexit...
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 09, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 09 September, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Sterling falls dras cally against U.S. dollar on the back of Brexit deal updates, hits fresh 6 – week low at $1.2950 mark; Asian stock markets in red; gold flat at $1,930 mark Asian Headlines: • U.S. consumer credit stands at 12.2B vs 11.4B previous release. • New Zealand manufacturing sales q/q stands at -11.9 vs 0.0 pct previous release. • Australia Westpac consumer sen ment stands at 18.0 vs -9.5 previous release. • New Zealand business confidence stands at -26 vs -41.8 previous release. • China CPI y/y stands at 2.4 vs 2.7 previous release (expected 2.4). • China PPI y/y stands at -2.0 vs -2.4 previous release (expected -1.9). • South Korea unemployment rate stands at 3.2 pct vs 4.2 previous release. Economic Data Ahead: • (0200 ET/0600 GMT) Japan prelim machine tools order, previous -32.1. • (0815 ET/1215 GMT) Canada housing starts, previous 246K, expected 222K. • (1000 ET/1400 GMT) Canada interest rate decision, previous 0.25, expected 0.25. • (1000 ET/1400 GMT) U.S. JOLTS job openings, previous 5.89M, expected 6.05M. 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 0.05% to 93.49. USD/JPY: The Japanese yen consolidates around 105.90 against U.S. dollar on Wednesday. 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 105.90 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 slips below $0.72 mark and hits fresh 2 – week low at $0.7190 mark in opening hours. The pair made intraday high at $0.7225 and low at $0.7191 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 $0.7190 will take the parity down towards key supports around $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 falls gradually against U.S. dollar and touches $0.6601 mark in early Asia. Pair made intraday high at $0.6625 and low at $0.6601 mark. Key resistances are seen at $0.6690, $0.6740, $0.6770, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6618 will drag the parity down towards key supports around $0.6601, $0.6547, $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 trading slightly higher on Wednesday. The pair made intraday high at 73.81 and low at 73.58 mark. A sustained close below 73.77 marks will drag the parity down towards 73.40, 73.02, 72.88, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 73.77, 74.10, 74.37, 74.70, 75.02, 75.20 and 75.39 marks respec vely. EUR/USD: The euro falls no ceably ahead of ECB interest rate decision due tomorrow. The pair made intraday high at $1.1782 and low at $1.1756 mark. A sustained close above $1.1774 tests key resistances at $1.1851, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1774 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 dras cally as Brexit deal deadline is coming near. A sustained close above $1.2980 will drag the parity up towards $1.3070, $1.3102, $1.3148, $1.3210, $1.3276, $1.3350, $1.3382, $1.3422, $1.3442 and $1.3515 mark respec vely. Key support levels are seen at $1.2950, $1.2902, $1.2838 and $1.2775 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold moves in rigid boundaries in the absence of U.S. fundamental data. Today pair made intraday high at $1,932 and low at $1,923 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 trades flat at $26.62 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 $27.02, $27.17, $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 0.72814 S1 0.72062 Buy Above 0.72698 0.72951 0.71926 0.71926 0.71584 0.72698 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.73046 S2 0.71830 R3 0.73422 S3 0.71454 R4 0.74030 S4 0.70846 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72438
  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 1.18120 S1 1.17648 Buy Above 1.18247 1.18442 1.17509 1.17509 1.17267 1.18247 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18267 S2 1.17501 R3 1.18503 S3 1.17265 R4 1.18886 S4 1.16882 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.17884 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 1.31155 S1 1.29707 Buy Above 1.31396 1.31877 1.29163 1.29163 1.28638 1.31396 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.31603 S2 1.29259 R3 1.32327 S3 1.28535 R4 1.33499 S4 1.27363 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.30431 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.32451 S1 1.31291 Buy Above 1.32716 1.33130 1.31164 1.31164 1.30791 1.32716 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.32810 S2 1.30932 R3 1.33390 S3 1.30352 R4 1.34329 S4 1.29413 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31871 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 106.282 S1 105.886 Buy Above 106.257 106.356 105.806 105.806 105.682 106.257 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 106.405 S2 105.763 R3 106.603 S3 105.565 R4 106.924 S4 105.244 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 106.084 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 SEPTEMBER,2020
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1939.29 S1 1913.17 Buy Above 1935.88 1940.57 1919.37 1919.37 1912.43 1935.88 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1947.36 S2 1905.10 R3 1960.42 S3 1892.04 R4 S4 1870.91 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1926.23 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1981.55 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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