DAILY ANALYSIS REPORT AUGUST 18 2021

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18 August 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Kiwi remained highly vola le a er RBNZ’s Interest Rate Decision, Asian stock markets in green, gold hovers around $1,790 mark, U.S. FOMC Mee ng
Minutes in focus
Key Headlines:
• New Zealand keeps official cash rate unchanged at 0.25 pct.
• NZ PPI Input q/q stands at 3.0 pct vs 2.1 pct previous release.
• NZ PPI output q/q stands at 2.6 pct vs 1.2 pct previous release.
• Japan Core Machinery orders stand at -1.5 pct vs 7.8 pct previous release.
• Japan Trade balance stands at 0.05T vs -0.06T previous release.
• The New Zealand dollar, meanwhile, tumbled to its lowest in three weeks on Tuesday a er the country iden fied its first COVID-19 case since February,
promp ng the government to announce new short-term lockdown measures – Inves ng.
• NZ Prime Minister Jacinda Arden said Auckland - where the case was reported - would go into lockdown for seven days, while New Zealand as a whole will
have the toughest level of lockdown for three days – Inves ng.
• The United Kingdom said on Tuesday it aims to start nego a ons for a trade agreement with India by the end of the year – Reuters.
• Wall Street's main indexes slid on Tuesday, with the S&P 500 logging its biggest one-day percentage fall in about a month, weighed down by a drop in U.S.
retail sales that raised concerns about the economic recovery, as well as by disappoin ng results from Home Depot – Reuters.
• Minneapolis Federal Reserve President Neel Kashkari - It could be "reasonable" for the Fed to start reducing its bond-buying program at the end of this year,
though it would depend on making further progress in the labor market.
Economic Data Ahead
• (0600 GMT/1130 IST) U.K. CPI, previous 2.5, expected 2.3.
• (0600 GMT/1130 IST) U.K. Core CPI, previous 2.3, expected 2.0.
• (0830 GMT/1400 IST) U.K. HPI, previous 10.0, expected 11.3.
• (0900 GMT/1430 IST) Euro Final CPI, previous 1.9, expected 2.2.
• (0900 GMT/1430 IST) Euro Final Core CPI, previous 0.7, expected 0.7.
• (1230 GMT/1800 IST) Canada CPI, previous 0.3, expected 0.3.
• (1230 GMT/1800 IST) Canada Core CPI, previous 0.3.
• (1230 GMT/1800 IST) U.S. Building Permits, previous 1.59M, expected 1.61M.
• (1230 GMT/1800 IST) U.S. Housing Starts, previous 1.64M, expected 1.60M.
Economic Events Ahead:
• (1800 GMT/2330 IST) U.S. FOMC Mee ng Minutes.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.07% to 93.07 points.

3. AUD / USD
BUY SELL
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AUGUST,
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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
0.7296
R2 S2
0.7340
R3 S3
0.7370
R4
Commentary
S4
0.7390
Buy Above 0.7278
0.7302
0.7250
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7241
0.7218
0.7273
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie remains volatile on Wednesday after RBNZ’s cash rate decision and
Australia’s Wage price index results. It made intraday high at $0.7269 and low at $0.7237 mark.Aday
chart and H1 chart with triple EMAsuggests bearish trend for the time being.Asustained close above
$0.7296 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7240 will
check further supports.
0.7240
0.7206
0.7180
0.7150

4. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3774
R2 S2
1.3801
R3 S3
1.3837
R4
Commentary
S4
1.3867
Buy Above 1.3770
1.3799
1.3740
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3712
1.3682
1.3742
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling trade marginally higher ahead of U.K.’s CPI data. Today pair made intraday
high at $1.3759 and low at $1.3718 mark. A day chart and H1 chart with triple EMA suggests bearish
trend for the time being. A sustained close above $1.3774 on H1 chart will check key resistances.
Alternatively, a consistent close below $1.3720 will check further supports.
USD
1.3720
1.3690
1.3672
1.3640
GBP/
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
1.1728
R2 S2
1.1758
R3 S3
1.1776
R4
Commentary
S4
1.1790
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Time Frame: H1
EUR/USD: The Euro depreciated sharply in previous session and hit lowest level since March 2020.
Today pair made intraday high at $1.1723 and low at $1.1701. Today triple EMAon a day chart and H1
chart suggest bearish trend for the time being.Aconsistent close above $1.1728 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.1701 on H1 chart will check further
supports.
EUR / USD
1.1701
1.1680
1.1662
1.1627
Buy Above 1.1730
1.1750
1.1701
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1697
1.1660
1.1721
– 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

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
1.2626
R2 S2
1.2648
R3 S3
1.2676
R4
Commentary
S4
1.2699
Buy Above 1.2630
1.2649
1.2609
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2600
1.2580
1.2621
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar rises slightly on Wednesday and stabilizes above 1.26 mark. Today
pair made intraday high at 1.2641 and low at 1.2609 mark. Today a day chart and H1 chart with triple
EMA suggests up trend for the time being. A sustained close above 1.2626 on H1 chart requires for
the upside rally.Alternatively, a consistent close below 1.2600 on H1 chart will check key supports too.
USD /CAD
1.2600
1.2570
1.2540
1.2510
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
109.70
R2 S2
110.01
R3 S3
110.22
R4
Commentary
S4
110.50
Buy Above 109.70
109.98
109.46
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.40
109.22
109.66
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen remains almost unchanged after mixed fundamentals from the Japan.
The pair made intraday high at 109.61 and low at 109.47 mark. The triple EMAon a day chart is down
but H1 chart suggests up trend for the time being. A sustained close above 109.70 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
109.10
108.89
108.62
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
1794
R2 S2
1801
R3 S3
1808
R4
Commentary
S4
1814
Buy Above 1795
1802
1788
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1781
1774
1787
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained volatile in previous session after mixed U.S. fundamentals
released yesterday. Today pair made intraday high at $1,792 and low $1,785 mark. A day chart is
down but H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$1,794 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,782 will
check further supports.The key event for the day will be U.S. FOMC Meeting Minutes.
XAU [GOLD]
USD
/
1782
1776
1772
1767
AUGUST,
2
021

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