DAILY ANALYSIS REPORT OCTOBER 05 2021

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05 October 2021
Daily Analysis Report

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Asian Bulle n: Aussie remains vola le a er RBA’s Cash Rate Decision, Asian stock markets in green, gold back below $1,770 mark
Key Headlines:
• Chinese banks will be closed in observance of Na onal Day.
• New Zealand NZIER Business Confidence stands at -11 vs 7 previous release.
• Australia AIG Construc on index stands at 53.3 vs 38.4 previous release.
• Japan Tokyo Core CPI stands at 0.1 pct vs 0.0 pct previous release.
• Australia Trade Balance stands at 15.08B vs 12.65B previous release.
• Australia Retail sales remains unchanged at -1.7 pct.
• Wall Street ended sharply lower on Monday as investors dumped Big Tech and other growth stocks in the face of rising Treasury yields, while concerns about a
poten al U.S. government debt default also fed cau on – Reuters.
• Bank of America Corp published its first research coverage focused on cryptocurrencies and other digital assets on Monday, joining other mainstream financial
ins tu ons as they strengthen their involvement with the asset class – Reuters.
• The Bank of Mexico's cycle of rate hikes is not yet over and one or two more increases are likely amid concerns about infla on, though any monetary policy
moves will depend on incoming data, Bank of Mexico Deputy Governor Jonathan Heath said – Reuters.
• American scien sts David Julius and Ardem Patapou an won the 2021 Nobel Prize for Medicine on Monday for the discovery of receptors in the skin that
sense temperature and touch and could pave the way for new pain-killers – Reuters.
Economic Data Ahead:
• (0330 GMT/0900 IST) Australia Interest Rate Decision, previous 0.10, expected 0.10.
• (0645 GMT/1215 IST) France Industrial Produc on, previous 0.3, expected 0.4.
• (0715 GMT/1245 IST) Spain Services PMI, previous 60.1, expected 58.3.
• (0745 GMT/1315 IST) Italy Services PMI, previous 58.0, expected 56.4.
• (0750 GMT/1320 IST) France Services PMI, previous 56.0, expected 56.0.
• (0755 GMT/1325 IST) German Services PMI, previous 56.0, expected 56.0.
• (0800 GMT/1330 IST) Euro Services PMI, previous 56.3, expected 56.3.
• (0830 GMT/1400 IST) U.K. Services PMI, previous 54.6, expected 54.6.
• (0900 GMT/1430 IST) Euro PPI, previous 2.3, expected 1.3.
• (1230 GMT/1800 IST) U.S. Trade Balance, previous -70.1B, expected -70.5B.
• (1345 GMT/1915 IST) U.S. Final Services PMI, previous 54.4, expected 54.4.
• (1400 GMT/1930 IST) U.S. ISM Services PMI, previous 61.7, expected 59.9.
Economic Events Ahead:
• Tenta ve – BOJ Gov Kuroda Speaks.
• All Day – ECOFIN Mee ngs.
• (1500 GMT/2030 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 up 0.19% to 93.95 points.

3. AUD / USD
BUY SELL
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OCTOBER,
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
0.7292
R2 S2
0.7322
R3 S3
0.7348
R4
Commentary
S4
0.7376
Buy Above 0.7294
0.7322
0.7260
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7250
0.7223
0.7276
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie weakens sharply against major peers after mixed economic results of Trade
Balance and Retail Sales. Markets eye RBA’s Cash rate decision for the further guidance. It made
intraday high at $0.7294 and low at $0.7262 mark. A day chart is down and H1 chart with triple EMA
suggests up trend for the time being. A sustained close above $0.7292 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $0.7250 will check further supports.
0.7250
0.7215
0.7190
0.7170

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1638
R2 S2
1.1665
R3 S3
1.1690
R4
Commentary
S4
1.1726
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-
Time Frame: H1
EUR/USD: The Euro trades slightly lower on Tuesday ahead of Services PMI results from the
Eurozone and stabilizes around $1.1600 mark. Today pair made intraday high at $1.1622 and low at
$1.1602. Today triple EMA on a day chart is down and H1 chart suggest up trend for the time being. A
consistent close above $1.1638 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.1589 on H1 chart will check further supports. ECB President Lagarde’s speech will be
in focus.
EUR / USD
1.1589
1.1562
1.1532
1.1508
Buy Above 1.1622
1.1648
1.1592
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1586
1.1564
1.1621
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
OCTOBER,
2021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3622
R2 S2
1.3658
R3 S3
1.3682
R4
Commentary
S4
1.3710
Buy Above 1.3622
1.3648
1.3580
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3572
1.3542
1.3604
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling recovers sharply from previous losses and trading back above $1.3600 mark.
Today pair made intraday high at $1.3612 and low at $1.3584 mark.Aday chart is down and H1 chart
with triple EMA suggest up trend for the time being. A sustained close above $1.3622 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.3570 will check further supports.
USD
1.3570
1.3540
1.3510
1.3490
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
OCTOBER,
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
1.2630
R2 S2
1.2648
R3 S3
1.2676
R4
Commentary
S4
1.2690
Buy Above 1.2632
1.2667
1.2600
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2591
1.2562
1.2620
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The Canadian dollar trades flat on Tuesday and stabilizes above 1.2600 mark. The pair
made intraday high at 1.2617 and low at 1.2584 mark. Today a day chart is up and H1 chart with triple
EMA suggests bearish trend for the time being. A sustained close above 1.2630 on H1 chart requires
for the upside rally.Alternatively, a consistent close below 1.2567 on H1 chart will check key supports
too.
USD /CAD
1.2567
1.2550
1.2510
1.2480
OCTOBER,
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
111.48
R2 S2
111.76
R3 S3
111.99
R4
Commentary
S4
112.24
Buy Above 111.30
111.65
110.90
– Take Profit
– Stop Loss
Trade Idea
Sell Below 110.78
110.50
111.15
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Tuesday as Tokyo Core CPI data misses
expectations and hovers around 111.00 mark. The pair made intraday high at 111.12 and low at
110.82 mark. The triple EMA on a day chart is up and H1 chart suggests bearish trend for the time
being. A sustained close above 111.30 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 110.80 on H1 chart will check further key supports.
USD /JPY
110.80
110.55
110.40
110.21
OCTOBER,
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
1770
R2 S2
1776
R3 S3
1781
R4
Commentary
S4
1787
Buy Above 1770
1776
1764
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1758
1752
1765
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
XAU/USD (GOLD): Gold slightly lower on Tuesday and stabilizes below $1,770 mark ahead of U.S.
Trade balance, ISM Services PMI data. Today pair made intraday high at $1,770 and low at $1,760
mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A
sustained close above $1,770 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,757 will check further supports.
XAU [GOLD]
USD
/
1757
1752
1747
1741
OCTOBER,
2021

9. Thank
you!
Info@tpglobalfx.com
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