DAILY ANALYSIS REPORT JULY 13 2021

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13 July 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar fell dras cally in previous session a er FOMC member Williams’ comments, Asian stock markets in green, gold stabilizes above $1,800 mark
Key Headlines:
• New Zealand FPI stands at 1.4 pct vs 0.4 pct previous release.
• U.K. BRC retail sales monitor stands at 6.7 pct vs 18.5 pct previous release.
• Australia NAB business confidence stands at 11 vs 20 previous release.
• Australia NAB business survey stands at 24 vs 37 previous release.
• Wall Street's main indexes closed at their highest levels ever on Monday, li ed by Tesla and bank stock – Reuters.
• U.S. Treasury yields held above 5 - month lows touched last week as investors looked for signs on whether the Delta variant of the COVID-19 coronavirus could
hamper economic growth – Reuters.
• Johnson & Johnson in discussion with FDA regarding COVID-19 vaccine side effects – Reuters.
• France will not allow health workers to work if not vaccinated from COVID-19 – Reuters.
• Vaccina ons against COVID-19 will be mandatory in Greece for healthcare workers and nursing home staffs as new infec ons con nue to rise – Reuters.
• Fed’s Williams - average infla on targe ng strengthens expecta ons.
• Fed’s Williams – average infla on policy doesn't mean steeper hikes.
• Fed’s Williams - have yet to achieve condi ons to taper bond buying.
• Fed’s Williams - s ll too early to say how much of infla on rise will endure.
• Fed’s Williams - asset prices reflect low rates, op mism over future.
• Fed’s Williams - won't predict when FOMC will pull back on asset buying.
Economic Data Ahead:
• (0600 GMT/1130 IST) Euro German Final CPI, previous 0.4, expected 0.4.
• (0630 GMT/1200 IST) Swiss PPI, previous 0.8, expected 0.4.
• (0645 GMT/1215 IST) France Final CPI, previous 0.2, expected 0.2.
• (1230 GMT/1800 IST) U.S. CPI, previous 0.6, expected 0.5.
• (1230 GMT/1800 IST) U.S. Core CPI previous 0.7, expected 0.4.
Economic Events Ahead:
• (0600 GMT/1130 IST) U.K. BOE Financial Stability Reports.
• (1600 GMT/2130 IST) U.S. FOMC Member Bos c Speaks.
• (1800 GMT/2330 IST) U.S. Federal Budget Balance.
• All Day – ECOFIN Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.05% to 92.21 points.

3. AUD / USD
BUY SELL
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JULY,
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
0.7504
R2 S2
0.7521
R3 S3
0.7540
R4
Commentary
S4
0.7565
Buy Above 0.7504
0.7525
0.7475
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7470
0.7448
0.7498
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades slightly higher despite lower than previous NAB Business
confidence data. The pair made intraday high at $0.7497 and low at $0.7471 mark. A day chart is
bearish while H1 chart with triple EMA suggests up trend for the time being. A sustained close
above $0.7504 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.7470 will check further supports.
0.7470
0.7437
0.7420
0.7401

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1880
R2 S2
1.1920
R3 S3
1.1944
R4
Commentary
S4
1.1967
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-
Time Frame: H1
EUR/USD: The euro appreciates on Tuesday ahead of ECOFIN Meetings and stabilizes above
$1.1850 mark. Today pair made intraday high at $1.1874 and low at $1.1858. Today triple EMA on
a day chart is bearish but H1 chart suggest bullish trend for the time being. A consistent close
above $1.1880 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.1837 on H1 chart will check further supports.
EUR / USD
1.1855
1.1837
1.1821
1.1800
Buy Above 1.1882
1.1906
1.1857
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1848
1.1821
1.1874
– 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
1.3913
R2 S2
1.3928
R3 S3
1.3950
R4
Commentary
S4
1.3978
Buy Above 1.3913
1.3940
1.3870
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3868
1.3836
1.3901
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The Sterling strengthens on Tuesday ahead of BOE’s Financial Stability Report due at
0600 GMT. The pair made intraday high at $1.3904 and low at $1.3874 mark. A day chart is bearish
while H1 chart with triple EMAsuggests up trend for the time being. Asustained close above $1.3913
on H1 chart will check key resistances. Alternatively, a consistent close below $1.3872 will check
further supports.
USD
1.3880
1.3855
1.3840
1.3810
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below 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
1.2467
R2 S2
1.2494
R3 S3
1.2532
R4
Commentary
S4
1.2555
Buy Above 1.2470
1.2500
1.2440
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2432
1.2411
1.2460
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar trades in narrow range on Tuesday and hovers around 1.2450
mark. Today pair made intraday high at 1.2458 and low at 1.2442 mark. Today a day chart is up
while H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above
1.2467 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2440 on
H1 chart will check key supports too.
USD /CAD
1.2440
1.2422
1.2400
1.2378
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
110.52
R2 S2
110.76
R3 S3
110.94
R4
Commentary
S4
111.28
Buy Above 110.50
110.76
110.20
– Take Profit
– Stop Loss
Trade Idea
Sell Below 110.10
109.78
110.41
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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-
Time Frame: H1
USD/JPY: The Japanese yen falls sharply on Tuesday and stabilizes above 110.00 mark. The pair
made intraday high at 110.44 and low at 110.28 mark. The triple EMA on a day chart and H1 chart
is up for the time being. A sustained close above 110.50 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 109.88 on H1 will check further key supports.
USD /JPY
109.88
109.52
109.18
109.00
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
1812
R2 S2
1815
R3 S3
1821
R4
Commentary
S4
1827
Buy Above 1812
1818
1806
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1802
1794
1809
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained highly volatile in previous session after FOMC member
Williams’ speech. Today pair made intraday high at $1,812 and low $1,806 mark. A day chart is
bearish but H1 chart with triple EMA suggests up trend for the time being. A sustained close
above $1,812 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$1,789 will check further supports. U.S. economic calendar is empty for the day.
XAU [GOLD]
USD
/
1802
1794
1789
1784
JULY,
2
021

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