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09 March, 2021
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen falls sharply a er mixed economic data, most Asian stock markets in green, gold hovers around $1,690 mark
Key Headlines:
• New Zealand manufacturing sales stands at -0.6 pct vs 10.4 pct previous release.
• New Zealand Prelim ANZ business confidence stands at 0.0 pct vs 7.0 previous release.
• U.K. BRC retail sales monitor stands at 9.5 pct vs7.1 pct previous release (expected 6.5).
• Australia NAB business confidence stands at 16 vs 12 previous release.
• Japan average cash earning stands at -0.8 vs -3.0 pct previous release (expected -1.6).
• Japan household spending stands at -6.1 vs -0.6 pct previous release (expected -2.1).
• Japan final GDP price index stands at 0.3 pct vs 0.2 pct previous release (expected 0.2).
• Japan final GDP q/q stands at 2.8 pct vs 3.0 pct previous release (expected 3.0).
• Junko Nakagawa selected to join the BOJ’s nine - member board.
• U.S. Senate’s $1.9T coronavirus bill likely to pass tomorrow.
• Pfizer/BioNTech COVID-19 vaccine neutralizes Brazil variant in lab study – Reuters.
• U.S. VP Kamala Harris is due to speak at U.N. summit on March 16.
Economic Data Ahead:
• (0630 GMT/1200 IST) France final private payrolls, previous -0.2, expected -0.2.
• (0700 GMT/1230 IST) German trade balance, previous 16.1B, expected 17.9B.
• (0900 GMT/1430 IST) Italy industrial produc on, previous -0.2, expected 0.8.
• (1000 GMT/1530 IST) Euro final employment change, previous 0.3, expected 0.3.
• (1000 GMT/1530 SIT) Euro Revised GDP, previous -0.6, expected -0.6.
• (1100 GMT/1630 IST) U.S. NFIB small business index, previous 95.0, expected 96.7.
Economic Events Ahead:
• No key events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.03% to 92.34 points.
AUD / USD
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
0.7681
R2 S2
0.7727
R3 S3
0.7782
R4
Commentary
S4
0.7806
Buy Above 0.76858
0.77153
0.76542
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.76208
0.75843
0.76614
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
AUD/USD: The Aussie remains slightly volatile after robust NAB business confidence data and
stabilizes above $0.7650 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 $0.7681 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7625 will check further
supports.
0.7625
0.7599
0.7563
0.7515
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1935
R2 S2
1.1974
R3 S3
1.2001
R4
Commentary
S4
1.2046
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Time Frame: H1
EUR/USD: The euro trades marginally higher on Tuesday but remains well supported below
$1.1900 mark. Today triple EMA on a day as well as H1 chart confirm the bearish trend only. A
consistent close above $1.1905 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.1838 on H1 will check further supports. Today Euro Zone’s final employment
change and revised GDP data may provide further directions to the parity.
EUR / USD
1.1838
1.1802
1.1777
1.1707
Buy Above 1.18971
1.19329
1.18486
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.18269
1.17827
1.18727
– 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
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3853
R2 S2
1.3922
R3 S3
1.3961
R4
Commentary
S4
1.3998
Buy Above 1.38872
1.39304
1.38323
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.37945
1.37493
1.38560
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
GBP/USD: The pound rises marginally on Tuesday and hovers around $1.3850 mark. The pair
made intraday high at $1.3850 and low at $1.3801 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
$1.3853 on H1 chart requires for the upside rally. On the other hand, consistent close below
$1.3798 on H1 will test further supports too.
USD
1.3798
1.3750
1.3702
1.3674
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MARCH,
2
021
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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
1.2665
R2 S2
1.2710
R3 S3
1.2740
R4
Commentary
S4
1.2776
Buy Above 1.26850
1.27821
1.26337
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26223
1.25882
1.26768
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
USD/CAD: The Canadian dollar moves in rigid boundaries and consolidates around 1.2650 mark.
A day and H1 chart with triple EMA confirm the bearish trend for the time being. The expected
range for the parity will be 1.2610 to 1.2710 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
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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
109.56
R2 S2
109.82
R3 S3
110.22
R4
Commentary
S4
110.54
Buy Above 109.432
110.010
108.848
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.750
108.246
109.231
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
USD/JPY: The Japanese yen weakens sharply against U.S. dollar as final GDP and household
spending data miss expectations. The pair made intraday high at 109.23 and low at 108.82 mark.
The pair hits highest level since June 2020. The triple EMA on a day and H1 chart suggest the
bullish trend for the time being. A sustained close above 109.20 on H1 chart requires for the
upside rally. Alternatively, a consistent close below 108.53 on H1 will check key supports.
USD /JPY
108.53
107.86
107.58
106.90
MARCH,
2
021
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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
1715
R4
Commentary
S4
1722
Buy Above 1697.43
1707.80
1684.69
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1681.46
1671.50
1691.42
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
XAU/USD (GOLD): The gold recovers slightly from previous losses and hovers around immediate
resistance at $1,691 mark. Today pair made intraday high at $1,691 and low at $1,680 mark. A
sustained close above $1,698 on H1 chart requires for the upside rally. Alternatively, reversal from
here will drag the parity back below $1,680 mark. Today’s U.S. session is empty as no key
fundamentals are scheduled to release. As observed earlier, market might get high volatile during
the U.S. session in the absence of key fundamental.
XAU [GOLD]
USD
/
1677
1670
1662
1657
MARCH,
2
021
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently,
investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such
trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading,
to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this
website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your
personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of
Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and
operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does
not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note

Daily Analysis-Report-March-09-2021

  • 1.
    +1 7754 366970 analysis@tpglobalfx.com R E P O R T F R O M : T P G LO B A L F X 09 March, 2021 Daily Analysis Report
  • 2.
    +1 7754 366970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen falls sharply a er mixed economic data, most Asian stock markets in green, gold hovers around $1,690 mark Key Headlines: • New Zealand manufacturing sales stands at -0.6 pct vs 10.4 pct previous release. • New Zealand Prelim ANZ business confidence stands at 0.0 pct vs 7.0 previous release. • U.K. BRC retail sales monitor stands at 9.5 pct vs7.1 pct previous release (expected 6.5). • Australia NAB business confidence stands at 16 vs 12 previous release. • Japan average cash earning stands at -0.8 vs -3.0 pct previous release (expected -1.6). • Japan household spending stands at -6.1 vs -0.6 pct previous release (expected -2.1). • Japan final GDP price index stands at 0.3 pct vs 0.2 pct previous release (expected 0.2). • Japan final GDP q/q stands at 2.8 pct vs 3.0 pct previous release (expected 3.0). • Junko Nakagawa selected to join the BOJ’s nine - member board. • U.S. Senate’s $1.9T coronavirus bill likely to pass tomorrow. • Pfizer/BioNTech COVID-19 vaccine neutralizes Brazil variant in lab study – Reuters. • U.S. VP Kamala Harris is due to speak at U.N. summit on March 16. Economic Data Ahead: • (0630 GMT/1200 IST) France final private payrolls, previous -0.2, expected -0.2. • (0700 GMT/1230 IST) German trade balance, previous 16.1B, expected 17.9B. • (0900 GMT/1430 IST) Italy industrial produc on, previous -0.2, expected 0.8. • (1000 GMT/1530 IST) Euro final employment change, previous 0.3, expected 0.3. • (1000 GMT/1530 SIT) Euro Revised GDP, previous -0.6, expected -0.6. • (1100 GMT/1630 IST) U.S. NFIB small business index, previous 95.0, expected 96.7. Economic Events Ahead: • No key events scheduled for the day. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.03% to 92.34 points.
  • 3.
    AUD / USD BUYSELL R E P O R T F R O M : T P G LO B A L F X 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 0.7681 R2 S2 0.7727 R3 S3 0.7782 R4 Commentary S4 0.7806 Buy Above 0.76858 0.77153 0.76542 – Take Profit – Stop Loss Trade Idea Sell Below 0.76208 0.75843 0.76614 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie remains slightly volatile after robust NAB business confidence data and stabilizes above $0.7650 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 $0.7681 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7625 will check further supports. 0.7625 0.7599 0.7563 0.7515
  • 4.
    BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical SummaryH 1 FIBO Levels PIVOT R1 S1 1.1935 R2 S2 1.1974 R3 S3 1.2001 R4 Commentary S4 1.2046 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro trades marginally higher on Tuesday but remains well supported below $1.1900 mark. Today triple EMA on a day as well as H1 chart confirm the bearish trend only. A consistent close above $1.1905 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1838 on H1 will check further supports. Today Euro Zone’s final employment change and revised GDP data may provide further directions to the parity. EUR / USD 1.1838 1.1802 1.1777 1.1707 Buy Above 1.18971 1.19329 1.18486 – Take Profit – Stop Loss Trade Idea Sell Below 1.18269 1.17827 1.18727 – 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 R E P O R T F R O M : T P G LO B A L F X Technical Summary H1 FIBO Levels PIVOT R1 S1 1.3853 R2 S2 1.3922 R3 S3 1.3961 R4 Commentary S4 1.3998 Buy Above 1.38872 1.39304 1.38323 – Take Profit – Stop Loss Trade Idea Sell Below 1.37945 1.37493 1.38560 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The pound rises marginally on Tuesday and hovers around $1.3850 mark. The pair made intraday high at $1.3850 and low at $1.3801 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 $1.3853 on H1 chart requires for the upside rally. On the other hand, consistent close below $1.3798 on H1 will test further supports too. USD 1.3798 1.3750 1.3702 1.3674 GBP/ Trends Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 MARCH, 2 021
  • 6.
    BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary TrendsDown Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1.2665 R2 S2 1.2710 R3 S3 1.2740 R4 Commentary S4 1.2776 Buy Above 1.26850 1.27821 1.26337 – Take Profit – Stop Loss Trade Idea Sell Below 1.26223 1.25882 1.26768 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The Canadian dollar moves in rigid boundaries and consolidates around 1.2650 mark. A day and H1 chart with triple EMA confirm the bearish trend for the time being. The expected range for the parity will be 1.2610 to 1.2710 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 R E P O R T F R O M : T P G LO B A L F X Technical Summary TrendsUp Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 109.56 R2 S2 109.82 R3 S3 110.22 R4 Commentary S4 110.54 Buy Above 109.432 110.010 108.848 – Take Profit – Stop Loss Trade Idea Sell Below 108.750 108.246 109.231 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen weakens sharply against U.S. dollar as final GDP and household spending data miss expectations. The pair made intraday high at 109.23 and low at 108.82 mark. The pair hits highest level since June 2020. The triple EMA on a day and H1 chart suggest the bullish trend for the time being. A sustained close above 109.20 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.53 on H1 will check key supports. USD /JPY 108.53 107.86 107.58 106.90 MARCH, 2 021
  • 8.
    BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary TrendsDown 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 1715 R4 Commentary S4 1722 Buy Above 1697.43 1707.80 1684.69 – Take Profit – Stop Loss Trade Idea Sell Below 1681.46 1671.50 1691.42 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): The gold recovers slightly from previous losses and hovers around immediate resistance at $1,691 mark. Today pair made intraday high at $1,691 and low at $1,680 mark. A sustained close above $1,698 on H1 chart requires for the upside rally. Alternatively, reversal from here will drag the parity back below $1,680 mark. Today’s U.S. session is empty as no key fundamentals are scheduled to release. As observed earlier, market might get high volatile during the U.S. session in the absence of key fundamental. XAU [GOLD] USD / 1677 1670 1662 1657 MARCH, 2 021
  • 9.
    Thank you! Info@tpglobalfx.com www.tpglobalfx.com R E P O R T F R O M : T P G L O B A L F X /tpglobalfx /tpglobalfx /tpglobalfx/tpglobalfx that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia. Disclamer: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note