The document provides a daily analysis report from TP Global FX covering Asian markets and key economic indicators. It reports that Japanese economic data was mixed, with the yen rising in response. Asian stock markets were also mixed. Upcoming economic data and events are listed, along with technical analysis and trade ideas for major currency pairs. Key support and resistance levels are identified on hourly charts. The report aims to help traders navigate market movements.

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09 November 2021
Daily Analysis Report

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Asian Bulle n: Japanese yen rises sharply a er mixed economic indicators, Asian stock markets mixed, gold back above $1,820 mark
Key Headlines:
• Australia NAB Business Confidence stands at 21 vs 10 previous release.
• Japan Average Cash Earnings stand at 0.2 pct vs 0.6 pct previous release.
• Japan Bank Lending stands at 0.9 pct vs 0.6 pct previous release.
• Japan Current Account stands at 0.76T vs 0.88T previous release.
• Wall Street stocks ended slightly higher on Monday, rising early a er passage of a U.S. infrastructure spending bill but paring gains late as sliding Tesla shares
weighed the indexes down – Reuters.
• Concerns over higher infla on and ghter monetary policy have taken the mantle as the top concern for market par cipants, pushing aside the COVID-19
pandemic, the Federal Reserve said Monday in its latest report on financial stability – Reuters.
• The White House on Monday urged employers to go ahead and push worker vaccina ons, as legal challenges to President Joe Biden's vaccine rule work their
way through the courts – Reuters.
• Britain said it would recognise COVID-19 vaccines on the World Health Organiza on's Emergency Use Lis ng later this month, adding China's Sinovac ,
Sinopharm and India's Covaxin to the country's approved list of vaccines for inbound travelers – Reuters.
• The European Union's medicines regulator said on Monday it will give region-wide recommenda ons for the COVID-19 an viral pill jointly developed by
Merck and Ridgeback Biotherapeu cs in the "shortest possible" me-frame – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Trade balance, previous 13.0B, expected 14.2B.
• (0745 GMT/1315 IST) France Trade balance, previous -6.7B, expected -7.0B.
• (1000 GMT/1530 IST) Euro ZEW Economic Sen ment, previous 21.0, expected 20.6.
• (1000 GMT/1530 IST) German ZEW Economic Sen ment, previous 22.3, expected 20.3.
• (1100 GMT/1630 IST) U.S. NFIB Small Business Index, previous 99.1, expected 99.4.
• (1330 GMT/1900 IST) U.S. PPI, previous 0.5, expected 0.6.
• (1330 GMT/1900 IST) U.S. Core PPI, previous 0.2, expected 0.5.
Economic Events Ahead:
• (1300 GMT/1830 IST) ECB President Lagarde Speaks.
• (1400 GMT/1930 IST) U.S. Fed Chair Powell Speaks.
• (1600 GMT/2130 IST) U.K. BOE Gov Bailey Speaks.
• 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 0.01% to 94.05 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
0.7430
R2 S2
0.7458
R3 S3
0.7476
R4
Commentary
S4
0.7499
Buy Above 0.7430
0.7456
0.7412
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7371
0.7340
0.7397
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie falls on Tuesday and touches key support at $0.7390 mark in earlyAsia. Today
pair made intraday high at $0.7423 and low at $0.7390 mark.Aday chart is up and H1 chart with triple
EMA suggests down trend for the time being. A sustained close above $0.7430 on H1 chart requires
for the upside rally.Alternatively, a consistent close below $0.7370 will check further supports.
0.7370
0.7338
0.7312
0.7300

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1591
R2 S2
1.1622
R3 S3
1.1640
R4
Commentary
S4
1.1678
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-
Time Frame: H1
EUR/USD: The Euro trades almost flat on Tuesday ahead of German ZEW Economic Sentiment
results and hovers around immediate resistance at $1.1590 mark. Today pair made intraday high at
$1.1590 and low at $1.1577. Today triple EMAon a day chart is down and H1 chart suggests up trend
for the time being. A consistent close above $1.1591 on H1 chart requires for the upside rally.
Alternatively, a sustained close below $1.1576 on H1 chart will check further supports.
EUR / USD
1.1576
1.1538
1.1502
1.1482
Buy Above 1.1594
1.1624
1.1580
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1572
1.1550
1.1587
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
NOVEMBER,
2021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3570
R2 S2
1.3597
R3 S3
1.3621
R4
Commentary
S4
1.3655
Buy Above 1.3572
1.3600
1.3550
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3540
1.3504
1.3562
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling exhibits range bound movement and consolidates around $1.3550 mark.
Today pair made intraday high at $1.3567 and low at $1.3547 mark.Aday chart is down and H1 chart
with triple EMAsuggests up trend for the time being.Asustained close above $1.3570 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.3530 will check further supports.
USD
1.3530
1.3502
1.3476
1.3440
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above 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
1.2462
R2 S2
1.2475
R3 S3
1.2499
R4
Commentary
S4
1.2527
Buy Above 1.2462
1.2485
1.2438
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2432
1.2405
1.2461
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD moves in rigid boundaries and consolidates around 1.2450 mark. The pair
made intraday high at 1.2459 and low at 1.2436 mark. Today a day chart is down and H1 chart with
triple EMAsuggests up trend for the time being.Asustained close above 1.2462 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
1.2415
1.2380
1.2362
NOVEMBER,
2021

7. 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
113.32
R2 S2
113.65
R3 S3
113.99
R4
Commentary
S4
114.26
Buy Above 113.32
113.62
113.10
– Take Profit
– Stop Loss
Trade Idea
Sell Below 112.78
112.51
113.03
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen erases previous loss against U.S. dollar after mixed economic data and
slips back below 113.00 mark. The pair made intraday high at 113.29 and low at 112.86 mark. The
triple EMAon a day chart is up and H1 chart suggests down trend for the time being.Asustained close
above 113.25 on H1 chart requires for the upside rally. Alternatively, a consistent close below 112.62
on H1 chart will check further key supports.
USD /JPY
112.62
112.40
112.12
111.88
NOVEMBER,
2021

8. BUY SELL
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Technical Summary
Trend Down Trend
Moving Average (Period=75) Belowe MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1832
R2 S2
1838
R3 S3
1842
R4
Commentary
S4
1848
Buy Above 1827
1834
1822
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1818
1812
1824
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
XAU/USD (GOLD): Gold recovers sharply from previous losses and remains well supported above
$1,820 mark. Today pair made intraday high at $1,827 and low at $1,821 mark. A day chart and H1
chart with triple EMAsuggest up trend for the time being.Asustained close above $1,826 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,818 will check further supports.
Today again, U.S. Fed Chair Powell’s speech will remain in focus. Powell is due to deliver opening
remarks at an online conference on diversity and inclusion in economics and central banking, jointly
hosted by the Federal Reserve Board, Bank of Canada, Bank of England, and European Central
Bank.
XAU [GOLD]
USD
/
1818
1812
1809
1804
NOVEMBER,
2021

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