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Daily Forex Technical Analysis Report - September 21, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
21 September, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen starts a new week on posi ve note, hits fresh 2 – mont...
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 21, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 21 September, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen starts a new week on posi ve note, hits fresh 2 – month high at 104.26 mark; Most Asian stock markets in red; gold hovers around $1,950 mark Asian Headlines: • U.K. HPI m/m stands at 0.2 pct vs -0.2 pct previous release. • PBoC loan prime rate remains unchanged at 3.85 pct. • New Zealand credit card spending y/y stands at -11.9 pct vs -5.0 pct previous release. Economic Data Ahead: • (0400 ET/0800 GMT) Spain trade balance, previous 1.48B. • (0500 ET/0900 GMT) Hong Kong CPI, previous -2.3. • (0830 ET/1230 GMT) Canada NHPI m/m, previous 0.4, expected 0.2. Economic Events Ahead: • ECB President Lagarde’s speech (0845 ET/1245 GMT). • Fed Chair Powell’s speech (1400 GMT/1930 IST). • U.S. – FOMC member Brainard’s speech (1600 GMT/2130 IST). Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.16% to 92.70. USD/JPY: The Japanese yen strengthens extremely on Monday and hits fresh 2 – month high at 104.26 mark. A sustained close above 104.55 will take the parity higher towards key resistance around 104.90, 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 104.55 will drag the parity down towards 104.20, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie trades marginally higher on Monday. The pair made intraday high at $0.7322 and low at $0.7282 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 $0.7289 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 gradually against U.S. dollar and remains well supported above $0.6750 mark. Pair made intraday high at $0.6778 and low at $0.6752 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 rises on Monday and touches 73.30 mark in opening hours. The pair made intraday high at 73.56 and low at 73.31 mark. A sustained close below 73.30 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 73.57, 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 posi ve note. The pair made intraday high at $1.1871 and low at $1.1839 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 $1.1815 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 pound trades flat on Monday. A sustained close above $1.2973 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 $1.2912, $1.2888, $1.2820, $1.2762, $1.2740, $1.2695, $1.2662 and $1.2620 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold con nues to trade direc onless on Monday. Today pair made intraday high at $1,955 and low at $1,946 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 $1,972, $1,982, $1,994, $2,008, 2,020, 2,038 and $2,063 marks respec vely. XAG/USD (Silver): Silver trades in s ff boundaries. 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 $27.04, $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 0.73200 S1 0.72816 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 0.73330 S2 0.72694 R3 0.73526 S3 0.72498 R4 0.73844 S4 0.72180 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.73012
  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 1.18623 S1 1.18287 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 1.18728 S2 1.18182 R3 1.18896 S3 1.18014 R4 1.19169 S4 1.17741 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.18455 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 1.29777 S1 1.29127 Buy Above 1.30089 1.30519 1.28810 1.28810 1.28466 1.30089 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.29978 S2 1.28926 R3 1.30303 S3 1.28601 R4 1.30829 S4 1.28075 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.29452 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.32099 S1 1.31551 Buy Above 1.31954 1.32168 1.31471 1.31471 1.31272 1.31954 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.32267 S2 1.31383 R3 1.32541 S3 1.31109 R4 1.32983 S4 1.30667 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31551 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 104.791 S1 104.335 Buy Above 104.859 105.122 104.134 104.134 103.899 104.859 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 104.993 S2 104.193 R3 105.161 S3 103.965 R4 105.531 S4 103.595 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 104.563 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 1957.50 S1 1945.26 Buy Above 1960.47 1966.14 1940.06 1940.06 1934.01 1960.47 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1961.29 S2 1941.47 R3 1967.41 S3 1935.35 R4 S4 1925.44 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1951.38 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1977.32 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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