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Daily Forex Technical Analysis Report - September 18, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
18 September, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen remains almost unchanged a er na onal CPI, core CPI da...
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 18, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 18 September, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen remains almost unchanged a er na onal CPI, core CPI data; Asian stock markets mixed; gold hovers around $1,950 mark Asian Headlines: • Japan na onal core CPI stands at -0.4 pct vs 0.0 pct previous release (expected -0.4). • Japan na onal CPI stands at 0.2 pct vs 0.3 pct previous release. Economic Data Ahead: • (0400 ET/0800 GMT) Euro current account, previous 20.7B, expected 12.0B. • (0830 ET/1230 GMT) Canada core retail sales, previous 15.7, expected 0.5. • (0830 ET/1230 GMT) Canada retail sales, previous 23.7, expected 0.8. • (0830 ET/1230 GMT) Canada wholesale sales, previous 18.5, expected 3.4. • (0830 ET/1230 GMT) U.S. current account, previous -104B, expected -158B. • (1000 ET/1400 GMT) U.S. prelim UoM consumer sen ment, previous 74.1, expected 75.0. 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 0.05% to 92.93. USD/JPY: The Japanese yen trades flat a er na onal CPI, core CPI data. A sustained close above 104.73 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 104.73 will drag the parity down towards 104.20, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie trades almost flat on Friday. The pair made intraday high at $0.7334 and low at $0.7304 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 rises no ceably against U.S. dollar and hits fresh 2 – week high at $0.6786 mark. Pair made intraday high at $0.6786 and low at $0.6743 mark. Key resistances are seen at $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6755 will drag the parity down towards key supports around $0.6702, $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 appreciates against U.S. dollar on Friday. 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 moves in s ff boundaries on Friday. The pair made intraday high at $1.1861 and low at $1.1842 mark. A sustained close above $1.1848 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 $1.1815 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 trades flat ahead of U.K.’s retail sales data. 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 $1.2922, $1.2888, $1.2820, $1.2762, $1.2740, $1.2695, $1.2662 and $1.2620 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold consolidates around $1,940 mark. Today pair made intraday high at $1,955 and low at $1,944 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 trades flat and hovers around $27.00 mark on Friday. 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 Up Trend Moving Average (Period=75) Above MA H 1 RIS (Period=26) Above RIS LEVEL 50 FIBO Levels PIVOT R1 0.73163 S1 0.72697 Buy Above 0.73345 0.73488 0.72748 0.72748 0.72522 0.73345 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.73307 S2 0.72553 R3 0.73540 S3 0.72320 R4 0.73917 S4 0.71943 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72930
  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 1.18558 S1 1.17680 Buy Above 1.18782 1.18976 1.18001 1.18001 1.17793 1.18782 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18830 S2 1.17408 R3 1.19269 S3 1.16969 R4 1.19980 S4 1.16258 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.18119 SEPTEMBER,2020
  5. 5. GBP / 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 1.29963 S1 1.28937 Buy Above 1.30106 1.30531 1.28529 1.28529 1.27899 1.30106 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.30281 S2 1.28619 R3 1.30794 S3 1.28106 R4 1.31625 S4 1.27275 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.29450 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.32240 S1 1.31498 Buy Above 1.31954 1.32168 1.31221 1.31221 1.31013 1.31954 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.32470 S2 1.31268 R3 1.32841 S3 1.30897 R4 1.33442 S4 1.30296 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31869 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 105.054 S1 104.558 Buy Above 105.249 105.510 104.363 104.363 104.134 105.249 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.206 S2 104.406 R3 105.454 S3 104.158 R4 105.854 S4 103.758 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 104.806 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 1956.62 S1 1935.14 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 1963.25 S2 1928.51 R3 1973.99 S3 1917.77 R4 S4 1900.40 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1945.88 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1991.36 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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