The document provides a daily analysis report from TP Global FX. It includes key Asian market headlines, upcoming economic data releases, commentary on major currency pairs, and technical analysis on AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY, and XAU/USD. The report finds the Japanese yen weakened after comments from BOJ governor Kuroda, and Asian stock markets declined while gold stabilized below $1,700. Technical analysis provides support and resistance levels and trade ideas for each currency pair based on daily and hourly charts.

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05 March, 2021
Daily Analysis Report

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Asian Bulle n: Japanese yen weakens dras cally a er Kuroda’s comments; Asian stock markets in red, gold stabilizes below $1,700 mark
Key Headlines:
• Australia AIG services index stands at 55.8 vs 54.3 previous release.
• China Na onal People’s Congress - China will increase its annual research and development spending by more than 7% every year over the next five years.
• China Na onal People’s Congress - China would support foreign-funded companies to set up R&D centers in China.
• U.S. Senate likely to pass Biden’s $1.9T Covid – 19 bill over the weekend.
• U.S. – South Korea likely to talk on defense costs today.
• BOJ Kuroda - We need to enhance bond market func ons, it’s also important to keep the yield curve stably low for the me being.
• BOJ Kuroda - BOJ has not reached a conclusion yet on whether it will widen the band, “much more debate” was needed before deciding at the March review
of its policy tools.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Factory Orders, previous -1.9, expected 0.4.
• (0745 GMT/1315 IST) France trade balance, previous -3.4B, expected -3.4B.
• (0800 GMT/1330 IST) Swiss Foreign currency reserves, previous 896B.
• (0830 GMT/1400 IST) U.K. Halifax HPI, previous -0.3, expected -0.1.
• (0900 GMT/1430 IST) Italy Retail Sales, previous 2.5, expected -0.6.
• (1330 GMT/1900 IST) U.S. NFP job results, previous 49K, expected 197K.
• (1330 GMT/1900 IST) U.S. Unemployment rate, previous 6.3, expected 6.3.
• (1330 GMT/1900 IST) U.S. Trade balance, previous -66.6B, expected -67.5B.
• (1500 GMT/2030 IST) Canada Ivey PMI, previous 48.4, expected 49.2.
Economic Events Ahead:
• (1400 GMT/1930 IST) U.K. MPC member Haskel speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.02% to 91.65 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
0.7752
R2 S2
0.7806
R3 S3
0.7838
R4
Commentary
S4
0.7850
Buy Above 0.77716
0.78041
0.77379
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.76868
0.76651
0.77112
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie weakens against U.S. dollar and touches $0.7687 mark in early Asia. 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 $0.7744 on H1 chart requires for the upside rally.
Alternatively, current down side movement will take the parity back below $0.7650 mark.
0.7667
0.7599
0.7563
0.7515

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1974
R2 S2
1.2001
R3 S3
1.2046
R4
Commentary
S4
1.2115
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-
Time Frame: H1
EUR/USD: The euro depreciates sharply on Friday and hovers around $1.1950 mark. Today triple
EMA on a day as well as H1 chart confirm the bearish trend only. A consistent close above
$1.1974 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1960
on a day will check further supports.
EUR / USD
1.1938
1.1900
1.1852
1.1802
Buy Above 1.20068
1.20355
1.19795
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.19406
1.19067
1.19787
– 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
1.3922
R2 S2
1.3941
R3 S3
1.3997
R4
Commentary
S4
1.4034
Buy Above 1.39493
1.39952
1.38980
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.38625
1.38203
1.39099
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The pound trades marginally lower and slips below $1.3900 mark. The pair made
intraday high at $1.3906 and low at $1.3867 mark. Triple EMA on a day chart suggests up trend
while H1 chart confirms the bearish trend for the time being. A sustained close above $1.3922 on
H1 chart requires for the upside rally. On the other hand, consistent close below $1.3866 will test
further supports too.
USD
1.3866
1.3815
1.3787
1.3750
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
1.2710
R2 S2
1.2740
R3 S3
1.2776
R4
Commentary
S4
1.2800
Buy Above 1.26901
1.27282
1.26468
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26270
1.25949
1.26641
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The Canadian dollar remains slightly volatile in early Asia but remains well supported
below 1.27 mark. A day chart with triple EMA confirms the bearish trend; while on H1 chart, pair is
likely to give some upside correction. The expected range for the parity will be 1.2710 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
108.15
R2 S2
108.54
R3 S3
108.90
R4
Commentary
S4
109.56
Buy Above 108.164
108.356
107.952
– Take Profit
– Stop Loss
Trade Idea
Sell Below 107.696
107.417
107.991
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen falls drastically on Friday after comments from Kuroda and hits
lowest level since July 2020. The pair made intraday high at 108.08 and low at 107.81 mark. The
triple EMA on a day and H1 chart suggest the bullish trend for the time being. A sustained close
above 107.92 on a day chart requires for the upside rally. Alternatively, a consistent close below
107.58 on H1 will check key supports.
USD /JPY
107.58
106.80
106.53
105.86
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
1702
R2 S2
1708
R3 S3
1712
R4
Commentary
S4
1722
Buy Above 1702.91
1711.98
1692.68
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1686.08
1677.49
1696.38
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The gold weakens noticeably in previous session on robust U.S. factory
orders data. Today pair made intraday high at $1,698 and low at $1,687 mark. The key event for
the day will be U.S. NFP job results. The outcome will provide further direction of it. A day as well
as H1 chart still confirms the bearish trend for the time being. The expected range for the parity
will be $1,712 to $1,645 mark. A sustained close of either side on H1 chart requires to confirm
further directions of the parity.
XAU [GOLD]
USD
/
1687
1677
1661
1645
MARCH,
2
021

9. Thank
you!
Info@tpglobalfx.com
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