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Daily Forex Technical Analysis Report - September 29, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
29 September, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen trades lower a er BoJ’s Summary of Opinions, most Asia...
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 29, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 29 September, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen trades lower a er BoJ’s Summary of Opinions, most Asian stock markets in green; gold touches $1,887 mark in Asian hours Asian Headlines: • Japan Tokyo Core CPI stands at -0.2 pct vs -0.3 pct previous release (expected -0.3). • South Korea’s industrial produc on stands at -3.0 vs -2.5 pct previous release (expected -1.2). • South Korea’s retail sales stand at 3.0 vs -6.0 pct previous release. Economic Data Ahead: • (0300 ET/0700 GMT) Spain flash CPI, previous -0.5, expected -0.4. • (0430 ET/0830 GMT) U.K. money supply, previous 0.9, expected 1.1. • (0430 ET/0830 GMT) U.K. mortgage approvals, previous 66K, expected 72K. • (0430 ET/0830 GMT) U.K. net lending to individuals, previous 3.9B, expected 5.2B. • (0830 ET/1230 GMT) U.S. goods trade balance, previous -79.3B, expected -81.8B. • (0830 ET/1230 GMT) Canada IPPI m/m, previous 0.7 pct. • (0830 ET/1230 GMT) Canada RMPI, previous 3.0 pct. Economic Events Ahead: • (0915 ET/1315 GMT) FOMC member Williams’s speech. • (0930 ET/1330 GMT) FOMC member Harker’s speech. • (1140 ET/1540 GMT) FOMC member Clarida’s speech. • (1300 ET/1700 GMT) FOMC member Quarles’s speech. • (1300 ET/1700 GMT) FOMC member Williams’s speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.08% to 94.20 points. USD/JPY: The Japanese yen trades marginally lower on Tuesday and hovers around 105.50 mark. A sustained close above 105.55 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 105.38 will drag the parity down towards 104.92, 104.55, 104.20, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie rises gradually against U.S. dollar and breaks key resistance at $0.7090 mark in early Asia. The pair made intraday high at $0.7096 and low at $0.7067 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 $0.7023 will take the parity down towards key supports around $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely. NZD/USD: The kiwi con nues to trade up against U.S. dollar and trading around $0.6570 mark .Pair made intraday high at $0.6570 and low at $0.6547 mark. Key resistances are seen at $0.6592, $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 exhibits range bound movement and consolidates around 73.70 mark. The pair made intraday high at 73.79 and low at 73.63 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 rises slightly a er ECB President Lagarde’s speech as she put statement that ‘Exchange rate is not a policy target for the ECB’. The pair made intraday high at $1.1683 and low at $1.1660 mark. A sustained close above $1.1663 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 $1.1627 will target key supports around $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound appreciates on Tuesday and jumps back above $1.2800 mark. A sustained close above $1.2828 will drag the parity up towards $1.2867, $1.2910, $1.2966, $1.3002, $1.3070 and $1.3102 mark respec vely. Key support levels are seen at $1.2723, $1.2675, $1.2632, $1.2602 and $1.2570 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold rises no ceably on Tuesday and touches key resistance at $1,887 mark. The main event for the day will be FOMC member’s speeches. Today pair made intraday high at $1,887 and low at $1,879 mark. A sustained close above $1,881 requires for the upside rally. On the other side, consistent close below $1,861 will check key supports as well. Key support levels are seen around $1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,887, $1,894, $1,912, $1,922, $1,932, $1,940, $1,947, $1,957 and $1,972 marks respec vely. XAG/USD (Silver): Silver trades up on Tuesday. Today pair made intraday high at $23.83 and low at $23.48 mark. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $22.77, $22.40, $22.12, $21.90, $21.68, $21.22, $20.50 and $20.02 marks respec vely. Key resistances are seen at $23.90, $24.40, $24.76 and $25.53 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 0.70754 S1 0.70386 Buy Above 0.71050 0.71301 0.70330 0.70330 0.70039 0.71050 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.70868 S2 0.70272 R3 0.71052 S3 0.70088 R4 0.71350 S4 0.69790 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.70570
  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 1.16781 S1 1.16285 Buy Above 1.16997 1.17228 1.16377 1.16377 1.16163 1.16997 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.16934 S2 1.16132 R3 1.17182 S3 1.15884 R4 1.17583 S4 1.15483 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.16533 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 1.29053 S1 1.27687 Buy Above 1.28850 1.29182 1.27606 1.27606 1.27324 1.28850 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.29475 S2 1.27265 R3 1.30158 S3 1.26582 R4 1.31263 S4 1.25477 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.28370 SEPTEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.33942 S1 1.33566 Buy Above 1.34301 1.34621 1.33295 1.33295 1.33022 1.34301 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.34058 S2 1.33450 R3 1.34246 S3 1.33262 R4 1.34550 S4 1.32958 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.33754 Trend Reversing 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 105.629 S1 105.313 Buy Above 105.737 105.889 105.206 105.206 105.016 105.737 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.727 S2 105.215 R3 105.883 S3 105.057 R4 106.141 S4 104.801 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 105.471 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 1884.08 S1 1857.80 Buy Above 1894.42 1902.66 1865.07 1865.07 1852.24 1894.42 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1892.19 S2 1849.69 R3 1905.33 S3 1836.55 R4 S4 1815.30 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1870.94 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1926.58 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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