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Daily Forex Technical Analysis Report - September 11, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
11 September, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen trades flat a er BSI manufacturing index, PPI data; Asi...
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 11, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 11 September, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen trades flat a er BSI manufacturing index, PPI data; Asian stock markets mixed; gold stabilizes below $1,950 mark Asian Headlines: • New Zealand business manufacturing index stands at 50.7 vs 59.0 previous release. • New Zealand FPI stands at 0.7 vs 1.2 pct previous release. • Japan BSI manufacturing Index stands at 0.1 vs -52.3 previous release. • Japan PPI stands at -0.5 vs -0.9 previous release (expected -0.5). Economic Data Ahead: • (0400 ET/0800 GMT) Italy unemployment rate q/q, previous 8.9, expected 8.4. • (0430 ET/0830 GMT) U.K. consumer infla on expecta ons, previous 2.9. • (0830 ET/1230 GMT) Canada capacity u liza on rate, previous 79.8, expected 70.9. • (0830 ET/1230 GMT) U.S. CPI, previous 0.6, expected 0.3. • (0830 ET/1230 GMT) U.S. Core CPI, previous 0.6, expected 0.2. Economic Events Ahead: • (0400 ET/0800 GMT) German Buba President Weidmann’s speech. • All Day Euro Group Mee ng. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.07% to 93.27. USD/JPY: The Japanese yen con nues to move in rigid boundaries despite strong BSI manufacturing index readings. 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 consolidates around $0.7270 mark against U.S. dollar. The pair made intraday high at $0.7278 and low at $0.7252 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 remains unchanged against U.S. dollar a er lower than expected business manufacturing index data. Pair made intraday high at $0.6666 and low at $0.6639 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 73.25 mark. 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 73.77, 74.10, 74.37, 74.70, 75.02, 75.20 and 75.39 marks respec vely. EUR/USD: The euro reverses previous gain and stabilizes around $1.1832 mark. The pair made intraday high at $1.1840 and low at $1.1810 mark. A sustained close above $1.1820 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 touches $1.2789 mark in opening hours. A sustained close above $1.2804 will drag the parity up towards $1.2880, $1.2930, $1.3002, $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 $1.2773, $1.2740, $1.2695, $1.2662 and $1.2620 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold trades flat at $1,940 mark. Today pair made intraday high at $1,949 and low at $1,937 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 $1,932, $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 $26.90, $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 0.73053 S1 0.72467 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 0.73235 S2 0.72285 R3 0.73528 S3 0.71992 R4 0.74003 S4 0.71517 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72760
  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 1.18883 S1 1.17971 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 1.19165 S2 1.17689 R3 1.19621 S3 1.17233 R4 1.20359 S4 1.16495 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.18427 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 1.29705 S1 1.27703 Buy Above 1.29448 1.30217 1.27489 1.27489 1.26556 1.29448 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.30323 S2 1.27085 R3 1.31324 S3 1.26084 R4 1.32943 S4 1.24465 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.28704 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.32026 S1 1.31390 Buy Above 1.32083 1.32330 1.31164 1.31164 1.30791 1.32083 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.32223 S2 1.31193 R3 1.32541 S3 1.30875 R4 1.33056 S4 1.30360 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31708 Trend Reversing Up Trend Moving Average (Period=75) 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 106.255 S1 106.011 Buy Above 106.275 106.375 105.963 105.963 105.840 106.275 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 106.331 S2 105.935 R3 106.453 S3 105.813 R4 106.651 S4 105.615 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 106.133 Trends Reversing 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 1960.82 S1 1941.64 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 1966.74 S2 1935.72 R3 1976.33 S3 1926.13 R4 S4 1910.62 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1951.23 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1991.84 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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