This daily analysis report from TP Global FX provides technical analysis and trade recommendations for several currency pairs in the short-term 1-hour timeframe. Manufacturing PMI data from major economies is expected to influence currency movements. The report finds downtrends in AUD/USD, EUR/USD, and GBP/USD on the 1-hour chart and recommends sell trades below key support levels. Uptrends are seen in USD/CAD and USD/JPY, with buy calls above resistance. XAU/USD is in a downtrend and a close above $1,761 is needed to confirm an upside move. Economic data and central bank speeches are also cited as upcoming market drivers.

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01 March, 2021
Daily Analysis Report

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Asian Bulle n: The Japanese yen remains vola le a er strong manufacturing PMI results, Asian stock markets extremely up, gold hovers around $1,750 mark
Key Headlines:
• Australia AIG Manufacturing Index stands at 58.8 vs 55.3 previous release.
• Australia MI Infla on gauge stands at 0.1 vs 0.2 pct previous release.
• Japan Final Manufacturing PMI stands at 51.4 vs 49.8 previous release (expected 49.9).
• China Caixin manufacturing PMI stands at 50.9 vs 51.5 previous release (expected 51.3).
• South Korea trade balance stands at 2.71B vs 3.76B previous release.
• Oil prices up on hope of global recovery and addi onal s mulus package issued by U.S.
• Former President Donald Trump on Sunday hinted at another run for the White House in 2024 – Reuters.
• New Zealand’s Auckland announced 7 – day lockdown on rising more contagious UK variant.
Economic Data Ahead:
• (0730 GMT/1300 IST) Swiss Retail Sales, previous 4.7, expected 4.5.
• (0815 GMT/1345 IST) Spain Manufacturing PMI, previous 49.3, expected 52.1.
• (0830 GMT/1400 IST) Swiss Manufacturing PMI, previous 59.4, expected 60.0.
• (0845 GMT/1415 IST) Italy Manufacturing PMI, previous 55.1, expected 57.0.
• (0850 GMT/1420 IST) France Manufacturing PMI, previous 55.0, expected 55.0.
• (0855 GMT/1425 IST) German Manufacturing PMI, previous 60.6, expected 60.6.
• (0900 GMT/1430 IST) Euro Manufacturing PMI, previous 57.7, expected 57.7.
• (0930 GMT/1500 IST) U.K. Manufacturing PMI, previous 54.9, expected 54.9.
• (1330 GMT/1900 IST) Canada Current account, previous -7.5B, expected -7.0B.
• (1430 GMT/2000 IST) Canada Manufacturing PMI, previous 54.4.
• (1500 GMT/2030 IST) U.S. ISM Manufacturing PMI, previous 58.7, expected 58.7.
Economic Events Ahead:
• (1330 GMT/1900 IST) U.S. FOMC member Williams Speaks.
• (1335 GMT/1935 IST) U.S. FOMC member Brainard Speaks.
• (1610 GMT/2140 IST) Euro 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 0.07% to 90.81 points.

3. AUD / USD
BUY SELL
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MARCH,
2
021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Belowe MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7772
R2 S2
0.7799
R3 S3
0.7820
R4
Commentary
S4
0.7866
Buy Above 0.77756
0.78003
0.77492
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77241
0.76951
0.77607
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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-
Time Frame: H1
AUD/USD: The Aussie recovers slightly from previous losses and stabilizes above $0.77 mark. A
day chart with triple EMA suggests the bullish trend in long run but H1 chart has confirmed
bearish trend in short run. A sustained close $0.7760 on H1 chart requires for the upside rally.
Alternatively, current downside movement will take the parity towards key support at $0.7692
mark. A consistent close below requires for the downside rally.
0.7692
0.7676
0.7622
0.7599

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2092
R2 S2
1.2122
R3 S3
1.2167
R4
Commentary
S4
1.2205
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-
Time Frame: H1
EUR/USD: The euro moves in stiff boundaries ahead of manufacturing PMI results. A triple EMA
on H1 chart suggests the bearish trend. A successful close above $1.2092 on H1 chart requires
for the upside rally. Alternatively, current downside movement will check key supports too. A
consistent close below $1.2065 on H1 chart requires for the downside rally. Later today, ECB
President Lagarde’s speech will provide further direction the parit
EUR / USD
1.2065
1.2020
1.2000
1.1961
Buy Above 1.21066
1.21380
1.20696
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.20639
1.20425
1.20947
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Belowe MA
RSI (Period=26) Below RSI LEVEL 50
MARCH,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3998
R2 S2
1.4034
R3 S3
1.4086
R4
Commentary
S4
1.4120
Buy Above 1.40090
1.40456
1.39633
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.39518
1.39133
1.39997
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling starts a new day on a positive note but pair faces key hurdle at $1.3998
mark. A sustained close above only will check key resistances. The H1 chart with triple EMA
confirms bearish trend while a Day chart suggests the bullish trend in long run. On the bottom
side, a sustained close below $1.3888 mark requires for the downside rally.
USD
1.3888
1.3856
1.3815
1.3750
GBP/
Trends Down Trend
Moving Average (Period=75) Belowe MA
RSI (Period=26) Below RSI LEVEL 50
MARCH,
2
021

6. 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
1.2747
R2 S2
1.2768
R3 S3
1.2800
R4
Commentary
S4
1.2845
Buy Above 1.27340
1.27758
1.26870
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26678
1.26333
1.27015
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar trades marginally higher on Monday and remains well supported
above 1.27 mark. A day chart with triple EMA still suggests the bearish trend while H1 chart for the
short run confirms the uptrend. The expected range for the parity will be 1.2747 to 1.2672 mark. A
sustained close of either side on H1 chart requires for the further trend confirmation.
USD /CAD
1.2672
1.2635
1.2610
1.2584
MARCH,
2
021

7. 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
106.92
R2 S2
107.22
R3 S3
107.54
R4
Commentary
S4
107.98
Buy Above 106.705
106.945
106.459
– Take Profit
– Stop Loss
Trade Idea
Sell Below 106.353
106.137
106.672
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen remains volatile in early Asia after robust manufacturing PMI data.
The pair hits highest level since August 2020. The day as well as H1 chart with triple EMA
suggests bullish trend for the time being. A sustained close above 106.92 on a day chart requires
for the upside rally. Alternatively, reversal from here will drag the parity down back below 106.00
mark.
USD /JPY
105.70
105.22
104.92
104.55
MARCH,
2
021

8. 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
1754
R2 S2
1761
R3 S3
1772
R4
Commentary
S4
1780
Buy Above 1754.82
1760.36
1746.56
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1744.41
1739.55
1752.10
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The gold fell extremely in previous session and touched $1,717 mark. Today
the parity starts a new week on slightly positive note and hovers around $1,750 mark in Asian
hours. The pair made intraday high at $1,751 and low at $1,732 mark. This week is full of key U.S.
economic indicators and speeches. Therefore, the outcome will provide future path of the parity. A
day chart as well as H1 confirms the bearish trend for the time being. A sustained close above
$1,761 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,738 will
check key supports too.
XAU [GOLD]
USD
/
1738
1732
1726
1718
MARCH,
2
021

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