DAILY ANALYSIS REPORT JULY 02 2021

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02 July 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar trades almost flat against major peers, Asian stock markets mixed, gold hovers around $1,780 mark, markets eye U.S. NFP job data
Key Headlines:
• South Korea CPI y/y stands at 2.4 pct vs 2.6 pct previous release.
• IMF - Welcomed an agreement by 130 countries to back a global corporate minimum tax, and said work would con nue to bring other countries into the fold -
Reuters.
• The S&P 500 reached its sixth consecu ve all - me closing high on Thursday – Reuters.
• The IMF raised its 2021 U.S. growth projec on sharply to 7.0% on Thursday from a 4.6% forecast issued in April – Reuters.
• Spain's COVID - 19 cases jump by 12,345 despite record vaccina on – Reuters.
• Britain's COVID - 19 cases up 72% in past week – Reuters.
Economic Data Ahead:
• (0645 GMT/1215 IST) France budget balance, previous -91.4B.
• (0700 GMT/1230 IST) Spain Unemployment change, previous -129.4K, expected -110.5K.
• (0900 GMT/1430 IST) Euro PPI, previous 1.0, expected 1.2.
• (1230 GMT/1800 IST) Canada trade balance, previous 0.6B, expected 0.4B.
• (1230 GMT/1800 IST) U.S. NFP Job results, previous 559K, expected 725K.
• (1230 GMT/1800 IST) U.S. Unemployment rate, previous 5.8, expected 5.6.
• (1230 GMT/1800 IST) U.S. Trade balance, previous -68.9B, expected -71.4B.
Economic Events Ahead:
• Day 2 – OPEC – JMMC Mee ngs.
• (1230 GMT/1800 IST) ECB President Lagarde Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.03% to 92.57 points.

3. AUD / USD
BUY SELL
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JULY,
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
0.7471
R2 S2
0.7490
R3 S3
0.7522
R4
Commentary
S4
0.7540
Buy Above 0.7475
0.7498
0.7455
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7451
0.7427
0.7471
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie weakens gradually against U.S. dollar and stabilizes below $0.7500 mark.
The pair made intraday high at $0.7469 and low at $0.7460 mark. A day chart and H1 chart with
triple EMA suggests bearish trend for the time being. A sustained close above $0.7471 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7440 will check further
supports.
0.7458
0.7440
0.7427
0.7400

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1850
R2 S2
1.1884
R3 S3
1.1912
R4
Commentary
S4
1.1947
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-
Time Frame: H1
EUR/USD: The euro moves in stiff boundaries against U.S. dollar and trading around $1.1840
mark. Today pair made intraday high at $1.1851 and low at $1.1840. Today triple EMA on a day
chart and H1 chart is bearish for the time being. A consistent close above $1.1850 on H1 chart
requires for the upside rally. Alternatively, a sustained close below $1.1837 on H1 chart will check
further supports.
EUR / USD
1.1837
1.1822
1.1797
1.1768
Buy Above 1.1854
1.1874
1.1830
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1832
1.1812
1.1851
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JULY,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3780
R2 S2
1.3802
R3 S3
1.3827
R4
Commentary
S4
1.3855
Buy Above 1.3780
1.3799
1.3748
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3742
1.3710
1.3773
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling trades in narrow range against U.S. dollar and trading above $1.3750
mark. The pair made intraday high at $1.3773 and low at $1.3751 mark. A day chart and H1 chart
with triple EMA suggests bearish trend for the time being. A sustained close above $1.3780 on H1
chart will check key resistances. Alternatively, a consistent close below $1.3750 will check further
supports
USD
1.3738
1.3708
1.3680
1.3656
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JULY,
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
1.2450
R2 S2
1.2472
R3 S3
1.2497
R4
Commentary
S4
1.2525
Buy Above 1.2450
1.2477
1.2418
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2412
1.2381
1.2444
– 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 and hovers around 1.2430 mark. Today pair
made intraday high at 1.2444 and low at 1.2429 mark. Today a day chart and H1 chart with triple
EMA suggests up trend for the time being. A sustained close above 1.2450 on H1 chart requires
for the upside rally. Alternatively, a consistent close below 1.2410 on H1 chart will check key
supports too.
USD /CAD
1.2410
1.2380
1.2344
1.2320
JULY,
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
111.92
R2 S2
112.12
R3 S3
112.50
R4
Commentary
S4
112.78
Buy Above 111.72
111.94
111.42
– Take Profit
– Stop Loss
Trade Idea
Sell Below 111.32
111.10
111.61
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen weakens extremely in early Asia and touches 111.65 mark. The pair
made intraday high at 111.65 and low at 111.49 mark. The triple EMA on a day chart and H1 chart
suggests up trend for the time being. A sustained close above 111.92 on H1 chart requires for the
upside rally. Alternatively, a consistent close below 111.38 on H1 will check further key supports.
USD /JPY
111.22
110.85
110.62
110.27
JULY,
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
1784
R2 S2
1789
R3 S3
1794
R4
Commentary
S4
1799
Buy Above 1784
1789
1777
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1772
1767
1780
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades slightly higher on Friday ahead of U.S. NFP job results and
hovers around $1,780 mark. Today pair made intraday high at $1,779 and low $1,775 mark. A day
chart is bearish but H1 chart with triple EMA suggests bullish trend for the time being. A sustained
close above $1,784 on H1 chart requires for the upside rally. Alternatively, a consistent close
below $1,771 will check further supports.
XAU [GOLD]
USD
/
1771
1765
1761
1756
JULY,
2
021

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