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Daily Forex Technical Analysis Report - September 25, 2020

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Let's review all the major instrument analysis including: #audusd #eurusd #gbpusd #usdcad #usdjpy #gold #xauusd

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Daily Forex Technical Analysis Report - September 25, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 25 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 U.S. durable goods orders data; Asian stock markets mixed; gold slightly up Asian Headlines: • U.K. GFK consumer confidence stands at -25 vs -27 previous release (expected -27). • Japan SPPI y/y stands at 1.0 pct vs 1.1 pct previous release (expected 1.2). • South Korea consumer confidence stands at 79.4 vs 88.2 previous release. Economic Data Ahead: • (0400 ET/0800 GMT) Euro M3 money supply, previous 10.2, expected 10.0. • (0400 ET/0800 GMT) Euro private loans, previous 3.0, expected 3.0. • (0700 ET/1100 GMT) U.K. BOE quarterly bulle n. • (0830 ET/1230 GMT) U.S. durable goods order, previous 11.4, expected 1.1. • (0830 ET/1230 GMT) U.S. core durable goods order, previous 2.6, expected 1.0. 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 up 0.02% to 94.35 points. USD/JPY: The Japanese yen trades flat on Friday and hovers around 105.50 mark. A sustained close above 105.39 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 105.39 will drag the parity down towards 104.92, 104.55, 104.20, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie takes halt against U.S. dollar and remains well supported above $0.70 mark. The pair made intraday high at $0.7065 and low at $0.7042 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 $0.7043 will take the parity down towards key supports around $0.7010, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely. NZD/USD: The kiwi slightly up on Friday. Pair made intraday high at $0.6563 and low at $0.6540 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 $0.6540 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 fails to find support above 74.00 mark against U.S. dollar. The pair made intraday high at 73.75 and low at 73.68 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 exhibits range bound movement and stabilizes back above $1.27 mark. A sustained close above $1.2735 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 slightly up on Friday and trading around $1,870 mark. Today pair made intraday high at $1,872 and low at $1,862 mark. A sustained close above $1,867 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 moves in rigid boundaries but jumps back above $23.00 mark. Today pair made intraday high at $23.27 and low at $22.76 mark. 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 $23.27, $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 0.70719 S1 0.70221 Buy Above 0.71049 0.71355 0.70137 0.70137 0.69806 0.71049 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.70872 S2 0.70068 R3 0.71121 S3 0.69819 R4 0.71523 S4 0.69417 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.70470
  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 1.16829 S1 1.16369 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 1.16972 S2 1.16226 R3 1.17202 S3 1.15996 R4 1.17575 S4 1.15623 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.16599 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 1.27726 S1 1.27034 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 1.27939 S2 1.26821 R3 1.28285 S3 1.26475 R4 1.28844 S4 1.25916 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.27380 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.34031 S1 1.33319 Buy Above 1.33898 1.34136 1.33295 1.33295 1.33022 1.33898 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.34250 S2 1.33100 R3 1.34606 S3 1.32744 R4 1.35181 S4 1.32169 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.33675 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 105.500 S1 105.252 Buy Above 105.590 105.797 105.206 105.206 105.016 105.590 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.577 S2 105.175 R3 105.701 S3 105.051 R4 105.902 S4 104.850 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 105.376 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 1875.24 S1 1853.56 Buy Above 1884.95 1898.25 1841.99 1841.99 1830.41 1884.95 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1881.93 S2 1846.87 R3 1892.77 S3 1836.03 R4 S4 1818.50 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1864.40 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1910.30 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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