Successfully reported this slideshow.
Your SlideShare is downloading. ×

Daily Forex Technical Analysis Report - September 24, 2020

Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
24 September, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Kiwi remains almost unchanged despite lower than preceding trade ba...
AUD / USD
REPORTFROM:TPGLOBALFXSEPTEMBER,2020
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below...
Advertisement
Loading in …3
×

Check these out next

1 of 9 Ad

More Related Content

Slideshows for you (20)

Similar to Daily Forex Technical Analysis Report - September 24, 2020 (15)

Advertisement

More from TPGlobalFX (20)

Recently uploaded (20)

Advertisement

Daily Forex Technical Analysis Report - September 24, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 24 September, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Kiwi remains almost unchanged despite lower than preceding trade balance data; Asian stock markets dras cally down; gold hits fresh 2 – month low at $1,850 mark Asian Headlines: • New Zealand’s trade balance stands at -353M vs 447M previous release (expected -350M). Economic Data Ahead: • (0330 ET/0730 GMT) Swiss SNB policy rate, previous -0.75, expected -0.75. • (0400 ET/0800 GMT) German IFO business climate, previous 92.6, expected 93.9. • (0600 ET/1000 GMT) U.K. CBI realized sales, previous -6, expected -10. • (0830 ET/1230 GMT) U.S. unemployment claims weekly, previous 860K, expected 845K. • (1000 ET/1400 GMT) U.S new home sales, previous 901K, expected 890K. Economic Events Ahead: • (0400 ET/0800 GMT) ECB economic bulle n. • (1000 ET/1400 GMT) BOE Gov Bailey’s speech. • (1000 ET/1400 GMT) Fed Chair Powell’s tes mony. • (1000 ET/1400 GMT) U.S. Treasury Sec Mnuchin’s speech. • (1400 ET/1800 GMT) U.S. FOMC member William’s speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.02% to 94.41 points. USD/JPY: The Japanese yen falls gradually against U.S. dollar and touches 105.47 mark in Asian hours. A sustained close above 105.35 will take the parity higher towards key resistance around 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 105.35 will drag the parity down towards 104.92, 104.55, 104.20, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie con nuous to fall against U.S. dollar and hits fresh 2 – month low at $0.7047 mark. The pair made intraday high at $0.7081 and low at $0.7047 marks. On the top side key resistances are seen at $0.7090, $0.7122, $0.7176, $0.7222, $0.7290, $0.7340, $0.7370, $0.7422, $0.7462 and $0.7502 mark respec vely. On the other hand, a consistent close below $0.7071 will take the parity down towards key supports around $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely. NZD/USD: The kiwi remains almost unchanged a er trade balance data. Pair made intraday high at $0.6557 and low at $0.6531 mark. Key resistances are seen at $0.6630, $0.6667, $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6545 will drag the parity down towards key supports around $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee breaks key resistance at 73.77 mark against U.S. dollar. The pair made intraday high at 73.85 and low at 73.69 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 74.10, 74.37, 74.70, 75.02, 75.20 and 75.39 marks respec vely. EUR/USD: The euro falls sharply and slips below $1.17 mark against U.S. dollar. The pair made intraday high at $1.1679 and low at $1.1652 mark. A sustained close above $1.1659 tests key resistances at $1.1722, $1.1770, $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 $1.1659 will target key supports around $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound depreciates and hovers around $1.27 mark. A sustained close above $1.2723 will drag the parity up towards $1.2777, $1.2867, $1.2910, $1.2966, $1.3002, $1.3070 and $1.3102 mark respec vely. Key support levels are seen at $1.2675, $1.2632, $1.2602 and $1.2570 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold edges down on Thursday and hits fresh 2 – month low at $1,850 mark. Today pair made intraday high at $1,868 and low at $1,850 mark. A sustained close above $1,975 requires for the upside rally. On the other side, consistent close below $1,863 will check key supports as well. Key support levels are seen around $1,862, $1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,872, $1,881, $1,894, $1,912, $1,922, $1,932, $1,940, $1,947, $1,957 and $1,972 marks respec vely. XAG/USD (Silver): Silver spikes down and touches $21.68 mark in Asian hours. Pair hits lowest level since July 22, 2020. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $21.68, $21.22, $20.50 and $20.02 marks respec vely. Key resistances are seen at $22.93, $23.25, $23.90, $24.40, $24.76 and $25.53 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 0.71470 S1 0.70638 Buy Above 0.71238 0.71514 0.70137 0.70137 0.69806 0.71238 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.71727 S2 0.70381 R3 0.72143 S3 0.69965 R4 0.72816 S4 0.69292 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.71054
  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 1.17021 S1 1.16505 Buy Above 1.16987 1.17288 1.16275 1.16275 1.15987 1.16987 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.17181 S2 1.16345 R3 1.17439 S3 1.16087 R4 1.17857 S4 1.15669 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.16763 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 1.27642 S1 1.26864 Buy Above 1.27801 1.28162 1.26707 1.26707 1.26388 1.27801 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.27882 S2 1.26624 R3 1.28271 S3 1.26235 R4 1.28900 S4 1.25606 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.27253 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.33889 S1 1.33193 Buy Above 1.34330 1.34559 1.33295 1.33295 1.33022 1.34330 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.34103 S2 1.32979 R3 1.34451 S3 1.32631 R4 1.35013 S4 1.32069 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.33541 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 105.476 S1 104.976 Buy Above 105.590 105.797 104.883 104.883 104.616 105.590 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.631 S2 104.821 R3 105.881 S3 104.571 R4 106.268 S4 104.166 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 105.226 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 SEPTEMBER,2020
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1893.65 S1 1855.81 Buy Above 1881.78 1898.25 1841.99 1841.99 1830.41 1881.78 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1905.35 S2 1844.11 R3 1924.27 S3 1825.19 R4 S4 1794.57 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1874.73 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1954.89 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

×