DAILY ANALYSIS REPORT AUGUST 10 2021

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10 August 2021
Daily Analysis Report

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Asian Bulle n: Aussie weakens sharply in early Asia as NAB Business Confidence data misses expecta ons, Asian stock markets mixed, gold stabilizes above $1,730 mark
Key Headlines:
• U.K. BRC Retail Sales monitor stands at 4.7 pct vs 6.7 pct previous release.
• Japan Bank lending stands at 1.0 pct vs 1.4 pct previous release.
• Japan Current account stands at 1.78T vs 1.87T previous release.
• Australia NAB Business Confidence stands at -8 vs 11 previous release.
• The S&P 500 dipped on Monday, as fuel demand worries during a resurgent pandemic sent energy stocks lower but rising U.S. Treasury yields li ed financial
stocks, keeping Wall Street's benchmark index near record levels – Reuters.
• Boston Federal Reserve Bank President Eric Rosengren said during an interview with the Associated Press on Monday that the U.S. Central Bank should
announce in September that it will start reducing its $120 billion in monthly purchases of Treasury and mortgage bonds in the fall – Reuters.
• U.S. Treasury Secretary Janet Yellen on Monday said a cryptocurrency-related amendment in the Senate's pending infrastructure bill "will make meaningful
progress on tax evasion – Reuters.
• A group of 28 U.S. House Democrats on Monday asked congressional leaders to back $85 billion in funding for electric vehicle charging infrastructure, a big
jump over funding proposed in a bill before Congress – Reuters.
Economic Data Ahead:
• (0900 GMT/1430 IST) Euro ZEW Economic Sen ment, previous 61.2, expected 55.3.
• (0900 GMT/1430 IST) German ZEW Economic Sen ment, previous 63.3, expected 54.9.
• (1000 GMT/1530 IST) U.S. NFIB Small Business Index, previous 102.5, expected 101.9.
• (1230 GMT/1800 IST) U.S. Prelim Nonfarm produc vity, previous 5.4, expected 3.3.
• (1230 GMT/1800 IST) U.S. Prelim Unit Labor Costs, previous 1.7, expected 0.9.
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 0.06% to 93.00 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
0.7340
R2 S2
0.7370
R3 S3
0.7405
R4
Commentary
S4
0.7422
Buy Above 0.7340
0.7365
0.7321
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7302
0.7282
0.7327
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie weakens drastically as NAB Business Confidence data showed the downfall
due to widespread impact of lockdowns. Confidence saw a large fall of 19pts to -8 index points and is
now well below average. It made intraday high at $0.7334 and low at $0.7316 mark. A day chart and
H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7340
on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7304 will check
further supports.
0.7304
0.7280
0.7255
0.7227

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1748
R2 S2
1.7772
R3 S3
1.1798
R4
Commentary
S4
1.1832
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-
Time Frame: H1
EUR/USD: The Euro trades almost flat on Tuesday and hovers around $1.1730. Today pair made
intraday high at $1.1739 and low at $1.1732. Today triple EMA on a day chart and H1 chart suggest
bearish trend for the time being.Aconsistent close above $1.1748 on H1 chart requires for the upside
rally.Alternatively, a sustained close below $1.1732 on H1 chart will check further supports.
EUR / USD
1.1722
1.1690
1.1657
1.1632
Buy Above 1.1748
1.1767
1.1728
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1722
1.1701
1.1743
– 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
1.3857
R2 S2
1.3890
R3 S3
1.3925
R4
Commentary
S4
1.3962
Buy Above 1.3860
1.3891
1.3835
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3831
1.3803
1.3855
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling falls gradually against U.S. dollar and hovers around $1.3850 mark. Today
pair made intraday high at $1.3851 and low at $1.3836 mark.Aday chart and H1 chart with triple EMA
suggests bearish trend for the time being.Asustained close above $1.3857 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.3820 will check further supports.
USD
1.3820
1.3801
1.3776
1.3747
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below 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
1.2590
R2 S2
1.2627
R3 S3
1.2648
R4
Commentary
S4
1.2676
Buy Above 1.2591
1.2622
1.2570
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2562
1.2537
1.2586
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar weakens on Tuesday and touches 1.2589 mark in early Asia. Today
pair made intraday high at 1.2589 and low at 1.2570 mark. Today a day chart and H1 chart with triple
EMA suggests bullish trend for the time being. A sustained close above 1.2590 on H1 chart requires
for the upside rally.Alternatively, a consistent close below 1.2572 on H1 chart will check key supports
too.
USD /CAD
1.2572
1.2550
1.2510
1.2490
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
110.55
R2 S2
110.76
R3 S3
111.06
R4
Commentary
S4
111.37
Buy Above 110.42
110.62
110.18
– Take Profit
– Stop Loss
Trade Idea
Sell Below 110.10
109.85
110.39
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Tuesday after mixed economic results. The
pair made intraday high at 110.40 and low at 110.21 mark. The triple EMAon a day chart and H1 chart
suggests up trend for the time being. A sustained close above 110.38 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 110.10 on H1 will check further key supports.
USD /JPY
110.00
109.70
109.40
109.12
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
1748
R2 S2
1755
R3 S3
1762
R4
Commentary
S4
1767
Buy Above 1743
1750
1735
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1727
1722
1734
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold exhibits range bound movement after the severe downfall below $1,700
mark in previous session. Today pair made intraday high at $1,736 and low $1,728 mark. A day chart
and H1 chart with triple EMAsuggests down trend for the time being.Asustained close above $1,750
on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,721 will check
further supports.
XAU [GOLD]
USD
/
1722
1715
1711
1704
AUGUST,
2
021

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