Let's review all the major instrument analysis including: #audusd #eurusd #gbpusd #usdcad #usdjpy #gold #xauusd

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07 January, 2021
Daily Analysis Report

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Asian Bulle n: Japanese yen depreciates as Covid infec ons boost sharply, Asian stock markets in green, gold flat
Asian Headlines:
• Japan average cash earnings stands at -2.2 vs -0.7 previous release (expected -0.9).
• Australia building approvals stands at 2.6 pct vs 3.3 pct previous release (expected 1.9).
• Australia trade balance stands at 5.02B vs 6.58B previous release (expected 6.45B).
• PBOC fixes USD/CNY reference rate at 6.4608 (previous fix 6.4604, previous close 6.4640).
• Japan PM Suga – Ready to declare locked down in Tokyo for 1 – month as corona virus infec ons increase sharply.
• S&P 500 index hit a record high a er Democrat victories in two Georgia races.
• Georgia voters elected the first Black senator in the state’s history, Raphael Warnock, and the Senate’s youngest member, Jon Ossoff.
• Vice President Kamala Harris’ victory allows the Democrats to control the chamber for next 4 years.
• Overnight, hundreds of Trump’s protestors gathered as a reac on of his elec on defeat; police struggled more than 3 hours to clear the Capitol.
Economic Data Ahead:
• (0645 GMT/1215 IST) Swiss unemployment rate, previous 3.4, expected 3.4.
• (0700 GMT/1230 IST) German factory orders, previous 2.9, expected -0.6.
• (0730 GMT/1300 IST) Swiss retail sales, previous 3.1, expected 3.5.
• (0930 GMT/1500 IST) U.K. construc on PMI, previous 54.7, expected 54.6.
• (1000 GMT/1530 IST) Euro retail sales, previous 1.5, expected -3.4.
• (1330 GMT/1900 IST) U.S. trade balance, previous -63.1B, expected -66.7B.
• (1500 GMT/2030 IST) U.S. ISM Services PMI, previous 55.9, expected 54.5.
Economic Events Ahead:
• (0900 GMT/1430 IST) ECB Economic bulle n.
• (1800 GMT/2330 IST) FOMC member Evans’s speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.15% to 89.40 points.

3. AUD / USD
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S10.7815
R2 S20.7854
R3 S30.7878
R4
Commentary
S40.7904
Buy Above 0.78222
0.78523
0.77902
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77621
0.77351
0.77982
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie continues to trade higher on Thursday after mixed economic data and
touches $0.7817 mark in early Asia. On a 60 – minute timeframe, both RSI and MA are supporting
the upside trend. Key ranges for the day will be $0.7815 and $0.7770 marks. A consistent close of
either side will provide further directions to the parity.
0.7770
0.7702
0.7676
0.7590

4. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26)
FIBO Levels PIVOT
R1 S11.2332
R2 S21.2368
R3 S31.2390
R4
Commentary
S41.2422
Buy Above 1.23526
1.23763
1.23310
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.22941
1.22775
1.23131
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
EUR/USD: The euro remains noticeably strong ahead of ECB’s economic bulletin and retail sales
data. While looking at the daily chart, RSI confirms the upward price trend and MA too supports
the buy channel.
EUR / USD
1.2275
1.2240
1.2206
1.2170
Above RSI LEVEL 50

5. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.3648
R2 S21.3703
R3 S31.3722
R4
Commentary
S41.3748
Buy Above 1.36471
1.36874
1.35974
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.35390
1.35085
1.35707
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling enjoys roller - coaster movement and hovers around $1.36 mark. In H1
chart, RSI supports the sideways movement for the time being. The key boundaries for the day
will be $1.3622 and $1.3550 mark. Markets eye U.K.’s construction PMI data for the further
directions to the parity.
GBP / USD
1.3580
1.3522
1.3487
1.3440

6. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.2771
R2 S21.2812
R3 S31.2853
R4
Commentary
S41.2906
Buy Above 1.27100
1.27550
1.26694
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26426
1.26086
1.26783
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The parity trades flat in Asian hours and stabilizes below 1.2700 mark. The pair hits
lowest level of 1.2629 mark since April 2018. The RSI and MA, both are supporting the downside
trend. A consistent close below 1.2667 requires for the downside rally. Today Canada is scheduled
to release Ivey PMI data, the actual data will help out to forecast further direction.
USD /CAD
1.2654
1.2600
1.2572
1.2540

7. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1103.25
R2 S2103.76
R3 S3104.22
R4
Commentary
S4104.50
Buy Above 103.274
103.425
103.126
– Take Profit
– Stop Loss
Trade Idea
Sell Below 102.935
102.692
103.182
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen falls in early Asia as average cash earnings data miss the
expectations. On a 60 – minute timeframe, key hurdle is seen at 102.90 mark. A sustained close
below will check key supports. Alternatively reversal will check key resistances. In addition, on a
daily chart, RSI confirms the uptrend for the day.
USD /JPY
102.90
102.45
102.10
101.50

8. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S11924
R2 S21932
R3 S31940
R4
Commentary
S41948
Buy Above 1932.46
1943.34
1922.29
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1910.82
1901.03
1921.28
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remains highly volatile in previous session and gave $59 downside
movement on the basis of fundamental events. Today pair moves in stiff boundaries and stabilizes
around $1,920 mark. On a daily timeframe, RSI is indicating the downtrend but MA still signals the
upside pressure. The key ranges for the gold will be $1,924 - $1,912 mark. A sustained close of
either side will give further direction to the parity.
XAU [GOLD]USD/
1912
1898
1887
1882

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