The document is a daily analysis report from TP Global FX that provides analysis of currency pairs and economic indicators. It notes that the Japanese yen weakened after lower-than-expected economic data from Japan. Stock markets in Asia traded lower. Upcoming economic data is listed from several countries including Germany, France, UK, Italy, Canada and the US. Technical analysis is then provided for several currency pairs, including that the AUD/USD may rally if it closes above $0.7405, the EUR/USD may decline further if it closes below $1.1790, and gold prices are hovering around $1,800 per ounce.

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06 August 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Japanese yen weakens sharply a er lower than expected Average Cash Earnings, Household Spending Results; Asian stock markets in red; Gold hovers
around $1,800 mark
Key Headlines:
• Australia AIG Services Index stands at 51.7 vs 57.8 previous release.
• Japan average cash earnings stand at -0.1 pct vs 1.9 pct previous release (expected 1.0).
• Japan household spending stands at -5.1 vs 11.6 previous release (expected 0.1.).
• The Nasdaq and S&P 500 closed at record levels on Thursday a er a spate of strong corporate earnings and a further decline in U.S. unemployment claims last
week, as investors weighed concerns of the surge of the Delta variant ahead of Friday's job's report – Reuters.
• Minneapolis Federal Reserve President Neel Kashkari on Thursday said the highly transmissible Delta variant of the novel coronavirus could throw a "wrinkle"
into the Fed's plan to reduce its asset-purchase program if it slows the labor market recovery – Reuters.
• The U.S. Federal Reserve announced on Thursday how much each large bank that underwent the most recent stress test will have to hold on their books as
capital cushions – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) German Industrial Produc on, previous -0.3, expected 0.6.
• (0645 GMT/1215 IST) France trade balance, previous -6.8B, expected -6.1B.
• (0700 GMT/1230 IST) Swiss Currency Reserves, previous 941B.
• (0730 GMT/1300 IST) U.K. HPI, previous -0.5, expected 0.4.
• (0800 GMT/1330 IST) Italy Industrial Produc on, previous -1.5, expected 1.1.
• (1230 GMT/1800 IST) Canada employment change, previous 230.7K, expected 148.5K.
• (1230 GMT/1800 IST) Canada unemployment rate, previous 7.8, expected 7.4.
• (1230 GMT/1800 IST) U.S. NFP job data, previous 850K, expected 870K.
• (1230 GMT/1800 IST) U.S. Unemployment rate, previous 5.9, expected 5.7.
• (1400 GMT/1930 IST) Canada Ivey PMI, previous 71.9, expected 67.3.
Economic Events Ahead:
• (1115 GMT/1645 IST) U.K. MPC member Broadbent Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.09% to 92.33 points.

3. AUD / USD
BUY SELL
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AUGUST,
2
021
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
0.7405
R2 S2
0.7422
R3 S3
0.7454
R4
Commentary
S4
0.7478
Buy Above 0.7405
0.7425
0.7385
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7378
0.7356
0.7401
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie depreciates noticeably in previous session and stabilizes below $0.7400
mark. It made intraday high at $0.7406 and low at $0.7379 mark.Aday chart is down and H1 chart with
triple EMA suggests up trend for the time being. A sustained close above $0.7405 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 depreciates on Friday and trading around $1.1820 mark. Today pair
made intraday high at $1.1835 and low at $1.1818. Today triple EMA on a day chart and H1 chart
suggest bearish trend for the time being. A consistent close above $1.1850 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.1790 on H1 chart will check further
supports.
EUR / USD
1.1801
1.1780
1.1755
1.1721
Buy Above 1.1840
1.1862
1.1815
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1802
1.1779
1.1829
– 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
1.3940
R2 S2
1.3958
R3 S3
1.3982
R4
Commentary
S4
1.4010
Buy Above 1.3937
1.3960
1.3909
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3900
1.3868
1.3927
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling remained highly volatile after BOE’s Interest Rate Decision and currently
trading around $1.3922 mark. Today pair made intraday high at $1.3915 and low at $1.3932 mark. A
day chart is down but H1 chart with triple EMAsuggests up trend for the time being.Asustained close
above $1.3935 on H1 chart will check key resistances.Alternatively, a consistent close below $1.3905
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 Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2530
R2 S2
1.2550
R3 S3
1.2576
R4
Commentary
S4
1.2601
Buy Above 1.2530
1.2555
1.2503
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2481
1.2458
1.2511
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar trades flat on Friday ahead of Canada’s Job results due at 1230 GMT.
Today pair made intraday high at 1.2512 and low at 1.2493 mark. Today a day chart is up and H1 chart
with triple EMAsuggests bearish trend for the time being.Asustained close above 1.2530 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2480 on H1 chart will check key
supports too.
USD /CAD
1.2480
1.2450
1.2424
1.2403
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
109.97
R2 S2
110.22
R3 S3
110.55
R4
Commentary
S4
110.76
Buy Above 109.96
110.22
109.63
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.60
109.35
109.87
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen weakens sharply in previous session and hovers around key resistance
at 109.90 mark. The pair made intraday high at 109.88 and low at 109.74 mark. The triple EMA on a
day chart is bearish and H1 chart suggests up trend for the time being. A sustained close above
109.97 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.70 on H1
will check further key supports.
USD /JPY
109.70
109.40
109.12
108.78
AUGUST,
2
021

8. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1809
R2 S2
1815
R3 S3
1819
R4
Commentary
S4
1824
Buy Above 1805
1811
1798
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1797
1791
1804
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold depreciates slightly on Friday and hovers around $1,800 mark. Today pair
made intraday high at $1,804 and low $1,799 mark.Aday chart and H1 chart with triple EMAsuggests
down trend for the time being. A sustained close above $1,809 on H1 chart requires for the upside
rally.Alternatively, a consistent close below $1,798 will check further supports.
XAU [GOLD]
USD
/
1796
1791
1786
1781
AUGUST,
2
021

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