DAILY ANALYSIS REPORT AUGUST 05 2021

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05 August 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar appreciates sharply against major peers a er robust ISM Services PMI data, Most Asian stock markets in red, gold hovers around $1,810 mark
Key Headlines:
• Australia trade balance stands at 10.50B vs 9.27B previous release.
• Wall Street's main indexes closed mostly lower on Wednesday, with the S&P 500 falling from a record high hit a day earlier as data signaled a sharp slowdown
in jobs growth in July – Reuters.
• Federal Reserve Vice Chair Richard Clarida, a key architect of the U.S. central bank's new policy strategy, said on Wednesday an interest rate hike was likely in
2023 given the surprising pace of the economic recovery from the coronavirus pandemic – Reuters.
• Oil prices fell for a third day in a row to a two-week low on Wednesday on a surprise build in U.S. crude stockpiles, nega ve U.S. economic report and worries
the spread of the coronavirus Delta variant will weigh on global energy demand – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) German Factory Orders, previous -3.7, expected 2.1.
• (0645 GMT/1215 IST) France Industrial Produc on, previous -0.3, expected 0.5.
• (0830 GMT/1400 IST) U.K. Construc on PMI, previous 66.3, expected 64.5.
• (1100 GMT/1630 IST) U.K. Interest Rate Decision, previous 0.10, expected 0.10.
• (1230 GMT/1800 IST) U.S. Trade Balance, previous -71.2B, expected -74.2B.
• (1230 GMT/1800 IST) U.S. Unemployment claims weekly, previous 400K, expected 382K.
Economic Events Ahead:
• (0800 GMT/1330 IST) Euro Economic Bulle n.
• (1400 GMT/1930 IST) U.S. FOMC member Waller Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.03% to 92.30 points.

3. AUD / USD
BUY SELL
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AUGUST,
2
021
Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7399
R2 S2
0.7422
R3 S3
0.7454
R4
Commentary
S4
0.7478
Buy Above 0.7399
0.7422
0.7373
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7367
0.7341
0.7394
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie weakens drastically in previous session and slips back below $0.7400 mark. It
made intraday high at $0.7388 and low at $0.7374 mark. A day chart and H1 chart with triple EMA
suggests bearish trend for the time being. A sustained close above $0.7399 on H1 chart requires for
the upside rally.Alternatively, a consistent close below $0.7370 will check further supports.
0.7372
0.7350
0.7327
0.7304

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1850
R2 S2
1.1890
R3 S3
1.1915
R4
Commentary
S4
1.1932
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-
Time Frame: H1
EUR/USD: The Euro trades in stiff range and stabilizes below $1.1850 mark. Today pair made
intraday high at $1.1839 and low at $1.1831. Today triple EMA on a day chart and H1 chart suggest
bearish trend for the time being.Aconsistent close above $1.1850 on H1 chart requires for the upside
rally.Alternatively, a sustained close below $1.1827 on H1 chart will check further supports.
EUR / USD
1.1827
1.1801
1.1780
1.1755
Buy Above 1.1848
1.1874
1.1831
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1825
1.1806
1.1846
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3912
R2 S2
1.3940
R3 S3
1.3958
R4
Commentary
S4
1.3982
Buy Above 1.3902
1.3933
1.3876
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3871
1.3840
1.3893
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling exhibits range bound movement ahead of BOE’s Interest Rate Decision and
slips below $1.3900 mark. Today pair made intraday high at $1.3897 and low at $1.3877 mark. A day
chart and H1 chart with triple EMAsuggests bearish trend for the time being.Asustained close above
$1.3912 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3877 will
check further supports.
USD
1.3877
1.3850
1.3822
1.3801
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
AUGUST,
2
021

6. BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2550
R2 S2
1.2576
R3 S3
1.2601
R4
Commentary
S4
1.2628
Buy Above 1.2551
1.2571
1.2528
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2521
1.2497
1.2542
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar trades slightly higher in early Asia and touches 1.2530 mark. Today
pair made intraday high at 1.2547 and low at 1.2529 mark. Today a day chart and H1 chart with triple
EMA suggests up trend for the time being. A sustained close above 1.2550 on H1 chart requires for
the upside rally.Alternatively, a consistent close below 1.2520 on H1 chart will check key supports too.
USD /CAD
1.2520
1.2500
1.2480
1.2450
AUGUST,
2
021

7. BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
109.80
R2 S2
110.00
R3 S3
110.22
R4
Commentary
S4
110.55
Buy Above 109.84
110.10
109.52
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.41
109.20
109.70
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen falls drastically in previous session on robust U.S. Services PMI data.
The pair made intraday high at 109.69 and low at 109.45 mark. The triple EMA on a day chart is
bearish and H1 chart suggests up trend for the time being. A sustained close above 109.80 on H1
chart requires for the upside rally. Alternatively, a consistent close below 109.40 on H1 will check
further key supports.
USD /JPY
109.40
109.21
108.90
108.71
AUGUST,
2
021

8. BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1815
R2 S2
1819
R3 S3
1824
R4
Commentary
S4
1830
Buy Above 1814
1819
1809
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1805
1799
1812
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained extremely volatile after U.S.’s mixed key fundamentals. Today
pair made intraday high at $1,812 and low $1,809 mark. A day chart and H1 chart with triple EMA
suggests down trend for the time being. A sustained close above $1,812 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,806 will check further supports.
XAU [GOLD]
USD
/
1806
1801
1796
1791
AUGUST,
2
021

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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