DAILY ANALYSIS REPORT NOVEMBER 02 2021

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02 November 2021
Daily Analysis Report

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Asian Bulle n: Aussie weakens a er RBA’s Monetary Policy Statement, Asian stock markets mixed, gold back above $1,790 mark
Key Headlines:
• RBA – Leaves Interest Rate Unchanged at 0.10 pct.
• RBA - To Con nue To Purchase Government Securi es At The Rate Of A$4 Billion A Week Un l At Least Mid February 2022.
• RBA - Discon nues the Target of 10 Basis Points For The April 2024 Australian Government Bond.
• RBA - Prepared to be pa ent, sees underlying infla on around 2.25% over 2021 and 2022.
• RBA - Will not hike OCR un l actual infla on is sustainably within the 2 to 3% target range.
• RBA - The decision to abandon the yield target reflects the economy's improvement and the faster-than-expected progress toward the infla on target.
• Japan Monetary Base stands at 9.9 pct vs 11.7 pct previous release.
• The U.S. Treasury said on Monday it plans to borrow $1.015 trillion in the fourth quarter, more than the August es mate of $703 billion, due to having a lower
balance at the beginning of the quarter – Reuters.
• Amazon.com on Monday asked the U.S. Federal Communica ons Commission for approval to launch and operate two prototype internet satellites by the end
of 2022 as part of the company's effort to create a space-based satellite network – Reuters.
• U.S. Treasury Secretary Janet Yellen on Monday said she expects to see some revival of labor force par cipa on over me but that she was uncertain about to
the degree to which the current drop is transitory or permanent – Reuters.
• The United States is rolling out Pfizer/BioNTech COVID-19 vaccines for children aged 5 to 11 this week, but most of the 15 million shots being shipped ini ally
are unlikely to be available before next week, the White House said on Monday – Reuters.
• Zimbabwe's health ministry has approved the use of China's Sinovac Biotech COVID-19 vaccine for 16- and 17-year-olds, it said on Monday, adding that the
country aimed to achieve herd immunity by the end of December – Reuters.
• Greece recorded 5,449 new coronavirus infec ons in the past 24 hours, authori es said on Monday, the highest single-day figure since the pandemic began
early last year – Reuters.
• Latvia has received shipments of emergency medical equipment from the Netherlands, Finland, Hungary and Sweden as it fights the worst surge in new
COVID-19 cases in the European Union amid a low take-up of vaccina ons – Reuters.
Economic Data Ahead:
• (0730 GMT/1300 IST) Swiss CPI, previous 0.0, expected 0.2.
• (0730 GMT/1300 IST) Swiss Retail Sales, previous 0.5, expected 1.4.
• (0815 GMT/1345 IST) Spain Manufacturing PMI, previous 58.1, expected 58.2.
• (0845 GMT/1415 IST) Italy Manufacturing PMI, previous 59.7, expected 59.6.
• (0850 GMT/1420 IST) France Manufacturing PMI, previous 53.5, expected 53.5.
• (0855 GMT/1425 IST) German Manufacturing PMI, previous 58.2, expected 58.2.
• (0900 GMT/1430 IST) Euro Final Manufacturing PMI, previous 58.5, expected 58.5.
• (1230 GMT/1800 IST) Canada Building Permits, previous -2.1, expected 2.2
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 0.05% to 93.92 points.

3. AUD / USD
BUY SELL
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NOVEMBER,
2021
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
0.7540
R2 S2
0.7572
R3 S3
0.7590
R4
Commentary
S4
0.7621
Buy Above 0.7540
0.7570
07515
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7478
0.7455
0.7512
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie starts a new week on a flat note ahead of RBA’s Interest Rate decision due
tomorrow and hovers around $0.7500 mark. It made intraday high at $0.7524 and low at $0.7505
mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A
sustained close above $0.7526 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $0.7490 will check further supports.
0.7490
0.7465
0.7437
0.7400

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1610
R2 S2
1.1652
R3 S3
1.1687
R4
Commentary
S4
1.1715
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-
Time Frame: H1
EUR/USD: The Euro moves in rigid boundaries ahead of Final Manufacturing PMI results from the
Euro area and hovers around $1.1600 mark. Today pair made intraday high at $1.1606 and low at
$1.1595. Today triple EMAon a day chart is down and H1 chart suggests up trend for the time being.A
consistent close above $1.1610 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.1578 on H1 chart will check further supports.
EUR / USD
1.1578
1.1555
1.1537
1.1502
Buy Above 1.1610
1.1640
1.1578
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1570
1.1540
1.1596
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
NOVEMBER,
2021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3670
R2 S2
1.3699
R3 S3
1.3722
R4
Commentary
S4
1.3748
Buy Above 1.3670
1.3699
1.3648
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3638
1.3610
1.3664
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling starts a new day on a lower note and hovers around $1.3650 mark. Today pair
made intraday high at $1.3669 and low at $1.3645 mark. A day chart is slightly up and H1 chart with
triple EMA suggests down trend for the time being. A sustained close above $1.3670 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.3637 will check further supports.
USD
1.3637
1.3622
1.3600
1.3582
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
NOVEMBER,
2021

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
1.2399
R2 S2
1.2422
R3 S3
1.2454
R4
Commentary
S4
1.2478
Buy Above 1.2402
1.2427
1.2370
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2368
1.2340
1.2395
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD trades slightly lower on Tuesday and trading around key resistance at 1.2390
mark. The pair made intraday high at 1.2385 and low at 1.2361 mark. Today a day chart is down and
H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2399 on H1
chart requires for the upside rally.Alternatively, a consistent close below 1.2355 on H1 chart will check
key supports too.
USD /CAD
1.2350
1.2330
1.2302
1.2270
NOVEMBER,
2021

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
114.23
R2 S2
114.54
R3 S3
114.78
R4
Commentary
S4
115.15
Buy Above 114.15
114.38
113.92
– Take Profit
– Stop Loss
Trade Idea
Sell Below 113.83
113.58
114.11
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades flat on Tuesday and stabilizes below 114.00 mark. The pair made
intraday high at 114.13 and low at 113.92 mark. The triple EMAon a day chart and H1 chart suggest up
trend for the time being. A sustained close above 114.23 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 113.92 on H1 chart will check further key supports.
USD /JPY
113.92
113.57
113.22
112.80
NOVEMBER,
2021

8. BUY SELL
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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
1794
R2 S2
1799
R3 S3
1804
R4
Commentary
S4
1809
Buy Above 1799
1805
1792
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1788
1782
1794
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold starts a new day on a positive note and touches $1,793 mark inAsian hours.
Today pair made intraday high at $1,793 and low at $1,789 mark. A day chart and H1 chart with triple
EMAsuggest up trend for the time being.Asustained close above $1,794 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,786 will check further supports. U.S. Economic
Calendar is empty for the day.
XAU [GOLD]
USD
/
1786
1781
1776
1770
NOVEMBER,
2021

9. Thank
you!
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