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Daily Forex Technical Analysis Report - September 10, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
10 September, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen trades flat despite robust core machinery orders data; ...
AUD / USD
REPORTFROM:TPGLOBALFXSEPTEMBER,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above M...
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Daily Forex Technical Analysis Report - September 10, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 10 September, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen trades flat despite robust core machinery orders data; ECB’s interest rate decision in focus; Asian stock markets up; gold stabilizes above $1,940 mark Asian Headlines: • U.K. RICS home price balance stands at 44 pct vs 13 pct previous release (expected 23 pct). • Japan core machinery orders stands at 6.3 pct vs -7.6 pct previous release (expected 2.0). • Australia MI infla on expecta ons stand at 3.1 pct vs 3.3 pct previous release. Economic Data Ahead: • (0245 ET/0645 GMT) France industrial produc on, previous 12.7, expected 5.1. • (0400 ET/0800 GMT) Italy industrial produc on, previous 8.2, expected 3.6. • (0745 ET/1145 GMT) Euro interest rate decision, previous 0.00, expected 0.00 pct. • (0830 ET/1230 GMT) U.S. PPI, previous 0.6, expected 0.2. • (0830 ET/1230 GMT) U.S. Core PPI, previous 0.5, expected 0.2. • (0830 ET/1230 GMT) U.S. unemployment claims weekly, previous 881K, expected 838K. • (0930 ET/1330 GMT) U.K. CB leading index, previous -2.4. • (1000 ET/1400 GMT) U.S. final wholesale inventories, previous -0.1, expected -0.1. Economic Events Ahead: • (0830 ET/1230 GMT) ECB Press Conference. • Tenta ve U.K. NIESR GDP es mate. • (1230 ET/1630 GMT) BoC Governor Macklem’s speech. • (1300 ET/1700 GMT) ECB President Lagarde’s speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.10% to 93.16. USD/JPY: The Japanese yen moves in s ff boundaries despite robust core machinery orders 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 105.90 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 fails to break key support at $0.7190 mark and jumps back above $0.7250 mark. The pair made intraday high at $0.7286 and low at $0.7261 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 strengthens against U.S. dollar in previous session and trading flat at $0.6680 mark on Thursday. Pair made intraday high at $0.6686 and low at $0.6670 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 rises gradually against U.S. dollar and stabilizes below 73.50 mark. The pair made intraday high at 73.43 and low at 73.31 mark. A sustained close below 73.31 marks will drag the parity down towards 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 trades almost flat ahead of ECB interest rate decision. The pair made intraday high at $1.1824 and low at $1.1798 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 pair takes halt around $1.2885 mark and currently hovers around $1.30 mark. A sustained close above $1.3002 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, $1.2885, $1.2838 and $1.2775 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold exhibits range bound movement ahead of U.S. PPI, core PPI data. Today pair made intraday high at $1,950 and low at $1,943 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 $1,940, $1,932, $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 $1,958, $1,970, $1,982, $1,994, $2,008, 2,020, 2,038 and $2,063 marks respec vely. XAG/USD (Silver): Silver con nues to trades in s ff boundaries. 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 Up Trend Moving Average (Period=75) Above MA H 1 RIS (Period=26) Above RIS LEVEL 50 FIBO Levels PIVOT R1 0.72901 S1 0.72173 Buy Above 0.73003 0.73301 0.72378 0.72378 0.72103 0.73003 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.73126 S2 0.71948 R3 0.73490 S3 0.71584 R4 0.74079 S4 0.70995 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72537
  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 1.18266 S1 1.17646 Buy Above 1.18491 1.18725 1.17766 1.17766 1.17543 1.18491 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18457 S2 1.17455 R3 1.18767 S3 1.17145 R4 1.19268 S4 1.16644 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.17956 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 1.30188 S1 1.29132 Buy Above 1.30640 1.31167 1.29163 1.29163 1.28638 1.30640 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.30515 S2 1.28805 R3 1.31043 S3 1.28277 R4 1.31898 S4 1.27422 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.29660 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.32307 S1 1.31463 Buy Above 1.32005 1.32258 1.31164 1.31164 1.30791 1.32005 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.32569 S2 1.31201 R3 1.32991 S3 1.30779 R4 1.33675 S4 1.30095 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31885 Trend Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 SEPTEMBER,2020
  7. 7. USD /JPY REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 106.258 S1 105.888 Buy Above 106.257 106.356 105.940 105.940 105.809 106.257 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 106.372 S2 105.774 R3 106.557 S3 105.589 R4 106.856 S4 105.290 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 106.073 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 1949.53 S1 1927.41 Buy Above 1951.59 1957.62 1933.34 1933.34 1926.58 1951.59 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1956.36 S2 1920.58 R3 1967.42 S3 1909.52 R4 S4 1891.63 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1938.47 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1985.31 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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