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Daily Forex Technical Analysis Report - September 14, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
14 September, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar trades flat against major peers ahead of FOMC interest r...
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 14, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 14 September, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar trades flat against major peers ahead of FOMC interest rate decision; Asian stock markets in green; gold hovers around $1,951 mark Asian Headlines: • Japan Reuters Tankan Index stands at -29 vs -33 previous release. • China house price remains unchanged at 4.8 pct. • Japan Ter ary industry ac vity stands at -0.5 vs 9.0 previous release (expected 0.6). • Japan revised industrial produc on stands at 8.7 vs 8.0 previous release (expected 8.0). Economic Data Ahead: • (0230 ET/0630 GMT) India WPI manufacturing infla on, previous 0.51 pct. • (0300 ET/0700 GMT) Singapore unemployment rate, previous 2.9, expected 2.9. • (0500 ET/0900 GMT) Euro industrial produc on, previous 9.1, expected 4.0. • (0530 ET/0930 GMT) South Africa business confidence, previous 82.8. • (0800 ET/1200 GMT) India CPI y/y, previous 6.93, expected 6.85 pct. 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 down 0.13% to 93.21. USD/JPY: The Japanese yen remains almost unchanged 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 105.90 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 trades marginally higher ahead of RBA’s monetary policy mee ng minutes due tomorrow. The pair made intraday high at $0.7289 and low at $0.7268 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 moves in rigid boundaries but remains well supported below $0.67 mark. Pair made intraday high at $0.6695 and low at $0.6656 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 $0.6601 will drag the parity down towards key supports around $0.6547, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee trades flat ahead of WPI infla on and CPI data. The pair made intraday high at 73.41 and low at 73.33 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 starts a new week on slightly posi ve note. The pair made intraday high at $1.1851 and low at $1.1831 mark. A sustained close above $1.1851 tests key resistances at $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 $1.2762 mark and currently stabilizes above $1.28 mark. 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 $1.2762, $1.2740, $1.2695, $1.2662 and $1.2620 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold trades flat at $1,948 mark ahead of FOMC interest rate decision due on Wednesday. Today pair made intraday high at $1,951 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 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 $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 0.73000 S1 0.72588 Buy Above 0.72952 0.73187 0.72378 0.72378 0.72159 0.72952 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.73126 S2 0.72462 R3 0.73332 S3 0.72256 R4 0.73664 S4 0.71924 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72794
  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 1.18674 S1 1.18186 Buy Above 1.18630 1.18946 1.17971 1.17971 1.17743 1.18630 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18824 S2 1.18036 R3 1.19068 S3 1.17792 R4 1.19462 S4 1.17398 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.18430 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 1.28475 S1 1.27683 Buy Above 1.28997 1.29600 1.27506 1.27506 1.26814 1.28997 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.28720 S2 1.27438 R3 1.29116 S3 1.27042 R4 1.29757 S4 1.26401 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.28079 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.32017 S1 1.31583 Buy Above 1.32083 1.32330 1.31401 1.31401 1.31119 1.32083 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.32150 S2 1.31450 R3 1.32367 S3 1.31233 R4 1.32717 S4 1.30883 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31800 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 106.228 S1 106.070 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 106.276 S2 106.022 R3 106.355 S3 105.943 R4 106.482 S4 105.816 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 106.149 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 1950.70 S1 1937.26 Buy Above 1955.81 1960.03 1936.94 1936.94 1926.58 1955.81 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1954.86 S2 1933.10 R3 1961.58 S3 1926.38 R4 S4 1915.50 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1943.98 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1972.46 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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