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Daily Forex Technical Analysis Report - September 22, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
22 September, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar trades almost flat against major peers ahead of Fed Chai...
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 22, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 22 September, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar trades almost flat against major peers ahead of Fed Chair Powell’s Tes mony; Asian stock markets in red; gold stabilizes above $1,900 mark Asian Headlines: • South Korea PPI m/m stands at 0.5 pct vs 0.2 pct previous release (expected -0.9). Economic Data Ahead: • (0600 ET/1000 GMT) U.K. CBI industrial order expecta ons, previous -44, expected -32. • (0900 ET/1300 GMT) China CB leading index, previous 0.7. • (1000 ET/1400 GMT) Euro consumer confidence, previous -15, expected -15. • (1000 ET/1400 GMT) U.S. exis ng home sales, previous 5.86M, expected 6.05M. • (1000 ET/1400 GMT) U.S. Richmond manufacturing index, previous 18, expected 12. Economic Events Ahead: • (0330 ET/0730 GMT) BoE Governor Bailey’s speech. • (1030 ET/1430 GMT) Fed Chair Powell’s Tes mony. 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 93.53. USD/JPY: The Japanese yen trades flat on Tuesday and hovers around 104.50 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 erases previous gain against U.S. dollar and slips below $0.72 mark in early Asia. The pair made intraday high at $0.7235 and low at $0.7191 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 $0.7190, $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 no ceably against U.S. dollar in previous session and stabilizing below $0.67 mark. Pair made intraday high at $0.6678 and low at $0.6653 mark. Key resistances are seen at $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6667 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 exhibits range bound movement. The pair made intraday high at 73.51 and low at 73.41 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 trades flat a er massive fall in previous session. The pair made intraday high at $1.1773 and low at $1.1752 mark. A sustained close above $1.1770 tests key resistances at $1.1837, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1770 will target key supports around $1.1737, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound moves in s ff boundaries and hovers around $1.28 mark. 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 $1.2762, $1.2740, $1.2695, $1.2662 and $1.2620 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold remained highly vola le in previous session as Fed introduced CRA (Community Reinvestment Act) and also got posi ve response from the FOMC members as well. Today pair made intraday high at $1,920 and low at $1,906 mark. A sustained close above $1,975 requires for the upside rally. On the other side, consistent close below $1,902 will check key supports as well. Key support levels are seen around $1,902, $1,882, $1,870, $1,862, $1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,922, $1,932, $1,940, $1,947, $1,957, $1,972, $1,982, $1,994, $2,008, 2,020, 2,038 and $2,063 marks respec vely. XAG/USD (Silver): Silver stabilizes below $25.00 mark. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $24.32, $24.02, $23.70, $23.41, $23.24 and $23.02 marks respec vely. Key resistances are seen at $25.53, $26.22, $26.75, $27.04, $27.22, $27.70 and $28.12 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 0.72961 S1 0.72007 Buy Above 0.72706 0.72893 0.71890 0.71890 0.71666 0.72706 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.73256 S2 0.71712 R3 0.73733 S3 0.71235 R4 0.74505 S4 0.70463 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72484
  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 1.18445 S1 1.17375 Buy Above 1.18145 1.18362 1.17305 1.17305 1.17093 1.18145 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18775 S2 1.17045 R3 1.19310 S3 1.16510 R4 1.20175 S4 1.15645 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.17910 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 1.29250 S1 1.27790 Buy Above 1.29119 1.29575 1.27431 1.27431 1.27130 1.29119 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.29701 S2 1.27339 R3 1.30431 S3 1.26609 R4 1.31612 S4 1.25428 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.28520 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.33219 S1 1.32079 Buy Above 1.33431 1.33694 1.32265 1.32265 1.31981 1.33431 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.33571 S2 1.31727 R3 1.34141 S3 1.31157 R4 1.35063 S4 1.30235 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.32649 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 104.851 S1 104.165 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 105.062 S2 103.954 R3 105.405 S3 103.611 R4 105.959 S4 103.057 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 104.508 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 1944.70 S1 1888.80 Buy Above 1925.35 1934.47 1898.73 1898.73 1885.59 1925.35 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1961.97 S2 1871.53 R3 1989.92 S3 1843.58 R4 S4 1798.36 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1916.75 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 2035.14 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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