DAILY ANALYSIS REPORT AUGUST 04 2021

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04 August 2021
Daily Analysis Report

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Asian Bulle n: Aussie rises sharply a er hawkish RBA meet, Asian stock markets in green, gold slightly up
Key Headlines:
• New Zealand employment change q/q stands at 1.0 pct vs 0.6 pct previous release.
• New Zealand unemployment rate stands at 4.0 pct vs 4.6 pct previous release.
• Australia Retail Sales remain unchanged at -1.8 pct.
• China Caixin Services PMI stands at 54.9 vs 50.3 previous release.
• The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the
coronavirus taking some shine off an upbeat corporate earnings season – Reuters.
• The U.S. dollar steadied on Tuesday, a er having lost value against the Japanese yen and Swiss franc, as ques ons about slowing U.S. economic growth and
the COVID-19 Delta variant challenged risk appe te – Reuters.
• The number of new coronavirus cases in Turkey jumped to nearly 25,000 on Tuesday, government data showed, the highest level in almost three months –
Reuters.
• Spain's COVID-19 contagion rate con nues to fall, with the two-week rate dropping 19 points on Tuesday compared with the previous day – Reuters.
• The United Arab Emirates will start providing a booster shot against COVID-19 to all fully vaccinated individuals in the Gulf Arab state, the Na onal Emergency
Crisis and Disaster Management Authority (NCEMA) said on Tuesday – Reuters.
• The World Health Organiza on (WHO) is seeking $11.5 billion in urgent funding to fight the more infec ous Delta variant of the coronavirus – Reuters.
• The Board of Governors of the IMF has approved a general alloca on of Special Drawing Rights (SDRs) equivalent to US$650 billion (about SDR 456 billion) on
August 2, 2021, to boost global liquidity – IMF.
• RBA – Kept interest rate unchanged in latest RBA meet .
• RBA – Likely to con nue with tapering of bond-buying program a er early September.
Economic Data Ahead:
• (0645 GMT/1215 IST) France Budget balance, previous -118.8B.
• (0715 GMT/1245 IST) Spain Services PMI, previous 62.5, expected 63.1.
• (0745 GMT/1315 IST) Italy Services PMI, previous 56.7, expected 58.8.
• (0750 GMT/1320 IST) France Services PMI, previous 57.0, expected 57.0.
• (0755 GMT/1325 IST) German Services PMI, previous 62.2, expected 62.2.
• (0800 GMT/1330 IST) Euro Final Services PMI, previous 60.4, expected 60.4.
• (0800 GMT/1330 IST) Italy Retail Sales, previous 0.2, expected 1.9.
• (0830 GMT/1400 IST) U.K. Services PMI, previous 57.8, expected 57.8.
• (0900 GMT/1430 IST) Euro Retail Sales, previous 4.6, expected 1.6.
• (1215 GMT/1745 IST) U.S. ADP Job data, previous 692K, expected 645K.
• (1400 GMT/1930 IST) U.S. ISM Services PMI, previous 60.1, expected 60.5.
Economic Events Ahead:
• (1400 GMT/1930 IST) U.S. FOMC member Clarida Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.06% to 92.03 points.

3. AUD / USD
BUY SELL
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AUGUST,
2
021
Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7422
R2 S2
0.7454
R3 S3
0.7478
R4
Commentary
S4
0.7494
Buy Above 0.7415
0.7437
0.7390
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7383
0.7357
0.7409
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie strengthens sharply after RBA’s hawking Monetary Policy Statement released
yesterday and currently hovers around $0.7400 mark. It made intraday high at $0.7407 and low at
$0.7388 mark. A day chart is down while H1 chart with triple EMA suggests bullish trend for the time
being. A sustained close above $0.7422 on H1 chart requires for the upside rally. Alternatively, a
consistent close below $0.7389 will check further supports.
0.7380
0.7350
0.7327
0.7304

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1890
R2 S2
1.1915
R3 S3
1.1932
R4
Commentary
S4
1.1967
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-
Time Frame: H1
EUR/USD: The Euro remains slightly volatile inAsian hours and hovers around $1.1870 mark. Today
pair made intraday high at $1.1871 and low at $1.1858. Today triple EMAon a day chart and H1 chart
suggest bearish trend for the time being. A consistent close above $1.1890 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.1857 on H1 chart will check further
supports.
EUR / USD
1.1857
1.1812
1.1780
1.1755
Buy Above 1.1882
1.1905
1.1857
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1847
1.1822
1.1880
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3940
R2 S2
1.3958
R3 S3
1.3982
R4
Commentary
S4
1.4012
Buy Above 1.3940
1.3972
1.3910
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3897
1.3875
1.3931
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The pound rises noticeably against U.S. dollar ahead of BOE’s Interest Rate Decision due
tomorrow. Today pair made intraday high at $1.3930 and low at $1.3900 mark. A day chart is down
while H1 chart with triple EMAsuggests up trend for the time being. Asustained close above $1.3940
on H1 chart will check key resistances. Alternatively, a consistent close below $1.3900 will check
further supports.
USD
1.3876
1.3850
1.3822
1.3801
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
AUGUST,
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
1.2550
R2 S2
1.2576
R3 S3
1.2601
R4
Commentary
S4
1.2628
Buy Above 1.2550
1.2572
1.2521
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2511
1.2480
1.2541
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar trades marginally higher on Wednesday and stabilizes around
1.2520 mark. Today pair made intraday high at 1.2551 and low at 1.2520 mark. Today a day chart and
H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2550 on H1
chart requires for the upside rally.Alternatively, a consistent close below 1.2502 on H1 chart will check
key supports too.
USD /CAD
1.2500
1.2480
1.2450
1.2422
AUGUST,
2
021

7. BUY SELL
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Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
109.22
R2 S2
109.40
R3 S3
109.72
R4
Commentary
S4
110.01
Buy Above 109.22
109.46
108.90
– Take Profit
– Stop Loss
Trade Idea
Sell Below 108.85
108.62
109.13
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen appreciates steadily against U.S. dollar and touches 108.87 mark in
earlyAsian session. The pair made intraday high at 109.09 and low at 108.92 mark. The triple EMAon
a day chart and H1 chart suggests bearish trend for the time being.Asustained close above 109.22 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 108.90 on H1 will check
further key supports.
USD /JPY
108.90
108.52
108.26
107.98
AUGUST,
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
1819
R2 S2
1824
R3 S3
1830
R4
Commentary
S4
1834
Buy Above 1816
1822
1811
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1808
1803
1814
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold appreciates on Wednesday ahead of U.S. ADP Job results and trading
above $1,810 mark. Today pair made intraday high at $1,814 and low $1,809 mark. A day chart and
H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1,817 on
H1 chart requires for the upside rally. Alternatively, a consistent close below $1,809 will check further
supports.
XAU [GOLD]
USD
/
1809
1802
1796
1791
AUGUST,
2
021

9. Thank
you!
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