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Daily Forex Technical Analysis Report - September 17, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
17 September, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar strengthens extremely against major peers a er Fed’s po...
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 17, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 17 September, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar strengthens extremely against major peers a er Fed’s policy statement; Asian stock markets in red; gold slips below $1,940 mark Asian Headlines: • New Zealand GDP q/q stands at -12.2 vs -1.4 pct previous release (expected -12.5). • Australia employment change stands at 111.0K vs 119.2K previous release (expected -40.0). • Australia unemployment rate stands at 6.8 vs 7.5 pct previous release (expected 7.7). • BoJ keeps interest rate steady at -0.10 pct. • Brazil keeps interest rate steady at 2.00 pct. • Singapore trade balance stands at 5.800B vs 3.300B previous release. Economic Data Ahead: • (0200 ET/0600 GMT) Swiss trade balance, previous 3.38B, expected 3.20B. • (0400 ET/0800 GMT) Italy trade balance, previous 6.23B, expected 5.20B. • (0500 ET/0900 GMT) Euro final CPI, previous -0.2, expected -0.2. • (0500 ET/0900 GMT) Euro final core CPI, previous 0.4, expected 0.4. • (0700 ET/1100 GMT) U.K. official bank rate, previous 0.10, expected 0.10. • (0830 ET/1230 GMT) Canada employment change, previous 1149.8K. • (0830 ET/1230 GMT) U.S. Philly Fed manufacturing index, previous 17.2, expected 15.0. • (0830 ET/1230 GMT) U.S. unemployment claims weekly, previous 884K, expected 825K. • (0830 ET/1230 GMT) U.S. building permits, previous 1.50M, expected 1.51M. • (0830 ET/1230 GMT) U.S. housing starts, previous 1.50M, expected 1.47M. Economic Events Ahead: • BoJ Press conference. • U.K. Monetary Policy summary. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.37% to 93.56. USD/JPY: The Japanese yen trades marginally lower as BoJ keeps its policy rate steady. A sustained close above 104.94 will take the parity higher towards key resistance around 105.40, 105.90, 106.22, 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 104.94 will drag the parity down towards 104.72, 104.20, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie falls no ceably in early Asia despite robust employment change data. The pair made intraday high at $0.7313 and low at $0.7261 marks. On the top side key resistances are seen at $0.7340, $0.7370, $0.7422, $0.7462 and $0.7502 mark respec vely. On the other hand, a consistent close below $0.7257 will take the parity down towards key supports around $0.7212, $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 falls immediately a er GDP data. Pair made intraday high at $0.6738 and low at $0.6681 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 $0.6700 will drag the parity down towards key supports around $0.6650, $0.6618, $0.6547, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee moves in s ff boundaries against U.S. dollar. The pair made intraday high at 73.73 and low at 73.52 mark. A sustained close below 73.77 marks will drag the parity down towards 73.37, 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 exhibits range bound movement. The pair made intraday high at $1.1853 and low at $1.1828 mark. A sustained close above $1.1863 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 $1.1840 will target key supports around $1.1802, $1.1774, $1.1737, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The sterling depreciates ahead of U.K.’s official rate decision. A sustained close above $1.2967 will drag the parity up towards $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 $1.2888, $1.2820, $1.2762, $1.2740, $1.2695, $1.2662 and $1.2620 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold falls sharply a er FOMC interest rate decision. Today pair made intraday high at $1,960 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 $1,972, $1,982, $1,994, $2,008, 2,020, 2,038 and $2,063 marks respec vely. XAG/USD (Silver): Silver depreciates in early Asia and slips back below $27.00 mark. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $26.73, $26.52, $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 0.73343 S1 0.72835 Buy Above 0.73156 0.73301 0.72469 0.72469 0.72271 0.73156 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.73501 S2 0.72677 R3 0.73755 S3 0.72423 R4 0.74167 S4 0.72011 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.73089
  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 1.18643 S1 1.17919 Buy Above 1.18782 1.18937 1.17050 1.17050 1.16835 1.18782 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18867 S2 1.17695 R3 1.19229 S3 1.17333 R4 1.19815 S4 1.16747 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.18281 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 1.29995 S1 1.28987 Buy Above 1.29735 1.30370 1.28189 1.28189 1.27558 1.29735 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.30307 S2 1.28675 R3 1.30811 S3 1.28171 R4 1.31627 S4 1.27355 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.29491 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.31963 S1 1.31405 Buy Above 1.32515 1.32795 1.31521 1.31521 1.31178 1.32515 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.32135 S2 1.31233 R3 1.32414 S3 1.30954 R4 1.32865 S4 1.30503 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31684 Trend 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 105.300 S1 104.812 Buy Above 105.393 105.625 104.766 104.766 104.571 105.393 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.450 S2 104.662 R3 105.694 S3 104.418 R4 106.088 S4 104.024 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 105.056 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 1969.85 S1 1951.79 Buy Above 1960.47 1967.28 1933.99 1933.99 1927.38 1960.47 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1975.44 S2 1946.20 R3 1984.47 S3 1937.17 R4 S4 1922.55 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1960.82 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1999.09 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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