The document provides a daily analysis report from TP Global FX. It includes analysis of major currency pairs and gold prices. It notes that the Australian dollar remains volatile in Asia after mixed economic data. Asian stock markets declined sharply. It also summarizes upcoming economic data releases and events, and provides technical analysis and trading recommendations for various currency pairs and gold based on charts and indicators.

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04 March, 2021
Daily Analysis Report

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Asian Bulle n: Aussie remains slightly vola le in early Asia a er mixed economic data; Asian stock markets dras cally down; gold stabilizes above $1,710 mark
Key Headlines:
• Australia Retail sales stand at 0.5 pct vs 0.6 pct previous release (expected 0.6).
• Australia trade balance stands at 10.14B vs 7.13B previous release.
• South Korea FX reserves stands at 447.56B vs 442.73B previous release.
• South Korea CPI y/y stands at 1.1 pct vs 0.6 pct previous release (expected 1.0).
• South Korea GDP q/q stands at 1.2 pct vs 2.1 pct previous release.
• Oil prices posi ve ahead of OPEC+ mee ng due today.
• U.S. dollar appreciates against major peers ahead of Fed Chair Powell’s speech, likely to give insight view on bond market and currencies.
• German Chancellor Angela Merkel likely to come up with the plans to restore rou ne ac vi es a er 120 days of lockdown.
• Bitcoin recovers from previous losses and back above $50,000 mark.
Economic Data Ahead:
• (0930 GMT/1500 IST) U.K. Construc on PMI, previous 49.2, expected 51.1.
• (1000 GMT/1530 IST) Euro Retail Sales, previous 2.0, expected -1.4.
• (1000 GMT/1530 IST) Euro Unemployment Rate, previous 8.3, expected 8.3.
• (1230 GMT/1800 IST) U.S. Challenger Job cuts, previous 17.4.
• (1330 GMT/1900 IST) Canada labor produc vity, previous -10.3, expected -2.0.
• (1330 GMT/1900 IST) U.S. Revised Nonfarm produc vity, previous -4.8, expected -4.7.
• (1330 GMT/1900 IST) U.S. Revised unit labor costs, previous 6.8, expected 6.7.
• (1330 GMT/1900 IST) U.S. unemployment claims weekly, previous 730K, expected 758K.
• (1500 GMT/2030 IST) U.S. Factory orders, previous 1.1, expected 2.2.
Economic Events Ahead:
• (0900 GMT/1430 IST) ECB Economic Bulle n.
• (1705 GMT/2235 IST) U.S. Fed Chair Powell Speaks.
• All Day – OPEC-JMMC Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.14% to 91.07 points.

3. AUD / USD
BUY SELL
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MARCH,
2
021
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
0.7838
R2 S2
0.7875
R3 S3
0.7903
R4
Commentary
S4
0.7939
Buy Above 0.78120
0.78444
0.77783
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77695
0.77376
0.78008
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie failed to break key hurdle at $0.7838 mark and fell back below $0.7800
mark. A day chart still suggests bullish trend while H1 chart with triple EMA suggests the down
trend for the time being. A sustained close above $0.7838 on H1 chart requires for the upside
rally. Alternatively, current down side movement will take the parity back below $0.7750 mark.
0.7752
0.7728
0.7694
0.7667

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2092
R2 S2
1.2115
R3 S3
1.2167
R4
Commentary
S4
1.2205
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-
Time Frame: H1
EUR/USD: The euro exhibits range bound movement and stabilizes around $1.2050 mark. Today
triple EMA on a day as well as H1 chart confirm the bearish trend only. A consistent close above
$1.2073 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2046
on H1 will check further supports.
EUR / USD
1.2046
1.2001
1.1961
1.1938
Buy Above 1.20708
1.20995
1.20435
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.20323
1.20066
1.20627
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below 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
1.3982
R2 S2
1.4010
R3 S3
1.4038
R4
Commentary
S4
1.4086
Buy Above 1.39683
1.40141
1.39169
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.39080
1.38732
1.39550
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling moves in stiff boundaries on Thursday and hovers around $1.3950 mark.
The pair made intraday high at $1.3954 and low at $1.3920 mark. Triple EMA on a day chart
suggests up trend while in short run, some downside pressure is likely. A sustained close above
$1.3982 on H1 chart requires for the upside rally. On the other hand, consistent close below
$1.3920 will test further supports too.
USD
1.3920
1.3858
1.3815
1.3787
GBP/
Trends Down Trend
Moving Average (Period=75) Below 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
1.2674
R2 S2
1.2692
R3 S3
1.2740
R4
Commentary
S4
1.2776
Buy Above 1.26907
1.27183
1.26617
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26373
1.26053
1.26745
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar trades marginally lower on Thursday and stabilizes above 1.2650
mark. A day chart with triple EMA confirms the bearish trend; while in short run, pair is likely to
give some upside correction. The expected range for the parity will be 1.2692 to 1.2610 mark. A
sustained close of either side on H1 chart requires for the further trend confirmation.
USD /CAD
1.2610
1.2584
1.2555
1.2518
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
107.22
R2 S2
107.54
R3 S3
107.98
R4
Commentary
S4
108.15
Buy Above 107.204
107.397
106.992
– Take Profit
– Stop Loss
Trade Idea
Sell Below 106.823
106.584
107.085
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades almost flat on Thursday and hovers around 107.00 mark. The
triple EMA on a day and H1 chart suggest the bullish trend for the time being. The pair made
intraday high at 107.10 and low at 106.95 mark. A sustained close above 107.07 on H1 requires
for the upside rally. Alternatively, a consistent close below 106.80 will check key supports.
USD /JPY
106.80
106.53
105.70
105.22
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
1722
R2 S2
1727
R3 S3
1732
R4
Commentary
S4
1740
Buy Above 1719.25
1729.57
1706.05
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1704.74
1693.50
1718.00
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The gold spiked down sharply in previous session despite ADP job results
disappointed the traders. The pair touched $1,701 mark in late U.S. session and today pair
manages to recover slightly and stabilizes above $1,710 mark. A day as well as H1 chart still
confirms the bearish trend for the time being. The pair made intraday high at $1,716 and low at
$1,706 mark. The expected range for the parity will be $1,722 to $1,708 mark. A sustained close
of either side on H1 chart requires to confirm further directions of the parity.
XAU [GOLD]
USD
/
1698
1692
1685
1677
MARCH,
2
021

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