DAILY ANALYSIS REPORT AUGUST 12 2021

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12 August 2021
Daily Analysis Report

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Asian Bulle n: Sterling trades in narrow range ahead of U.K.’s Prelim GDP data, most Asian stock markets in red, gold back above $1,750
Key Headlines:
• New Zealand FPI stands at 1.3 pct vs 1.4 pct previous release.
• U.K. RICS House Price balance stands at 79 pct vs 82 pct previous release.
• Japan PPI stands at 5.6 pct vs 5.0 pct previous release.
• Australia MI infla on expecta ons stand at 3.3 pct vs 3.7 pct previous release.
• The U.S. economy is growing at a robust pace and the labor market is rebounding, signaling it is nearly me for the Federal Reserve to start withdrawing its
support, several U.S. central bank officials said on Wednesday – Reuters.
• The Dow Jones Industrial Average and S&P 500 closed at record levels on Wednesday, as data indicated U.S. infla on growth may have peaked, while sectors
ed to economic growth advanced on the heels of the passage of a large infrastructure bill – Reuters.
• It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can reduce its crisis-era support for the economy, according
to Richmond Federal Reserve Bank President Thomas Barkin, who added a centrist voice to the open debate about when to trim the central bank's $120
billion in monthly bond purchases – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) U.K. Prelim GDP, previous -1.6, expected 4.8.
• (0800 GMT/1330 IST) Italy Trade Balance, previous 5.64B, expected 5.59B.
• (0900 GMT/1430 IST) Euro industrial Produc on, previous -1.0, expected -0.3.
• (1230 GMT/1800 IST) U.S. PPI, previous 1.0, expected 0.6.
• (1230 GMT/1800 IST) U.S. Core PPI, previous 1.0, expected 0.5.
• (1230 GMT/1800 IST) U.S. Unemployment Claims weekly, previous 385K, expected 375K.
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 down 0.02% to 92.90 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
0.7390
R2 S2
0.7405
R3 S3
0.7422
R4
Commentary
S4
0.7448
Buy Above 0.7390
0.7415
0.7372
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7356
0.7337
0.7383
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie moves in stiff boundaries and consolidates around $0.7350. It made intraday
high at $0.7376 and low at $0.7362 mark.Aday chart is down while H1 chart with triple EMAsuggests
bearish trend for the time being.Asustained close above $0.7390 on H1 chart requires for the upside
rally.Alternatively, a consistent close below $0.7350 will check further supports.
0.7350
0.7322
0.7302
0.7276

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1750
R2 S2
1.7772
R3 S3
1.1798
R4
Commentary
S4
1.1832
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-
Time Frame: H1
EUR/USD: The Euro trades almost flat on Thursday ahead of Euro’s Industrial Production data and
trading around $1.1740 mark. Today pair made intraday high at $1.1744 and low at $1.1734. Today
triple EMA on a day chart is down but H1 chart suggest up trend for the time being. A consistent close
above $1.1750 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.1720 on H1 chart will check further supports.
EUR / USD
1.1720
1.1682
1.1657
1.1632
Buy Above 1.1750
1.1774
1.1727
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1722
1.1701
1.1746
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
AUGUST,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3890
R2 S2
1.3925
R3 S3
1.3948
R4
Commentary
S4
1.3976
Buy Above 1.3890
1.3925
1.3860
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3852
1.3830
1.3877
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling recovers slightly from the previous losses and currently trading around
$1.3870 mark. Today pair made intraday high at $1.3873 and low at $1.3860 mark. A day chart is
down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$1.3880 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3855 will
check further supports.
USD
1.3855
1.3820
1.3801
1.3776
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 Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2515
R2 S2
1.2550
R3 S3
1.2590
R4
Commentary
S4
1.2626
Buy Above 1.2520
1.2541
1.2501
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2490
1.2472
1.2512
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar trades in narrow range and hovers around 1.2500 mark. Today pair
made intraday high at 1.2514 and low at 1.2497 mark. Today a day chart is up but H1 chart with triple
EMA suggests bearish trend for the time being. A sustained close above 1.2515 on H1 chart requires
for the upside rally.Alternatively, a consistent close below 1.2490 on H1 chart will check key supports
too.
USD /CAD
1.2490
1.2471
1.2438
1.2401
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
110.50
R2 S2
110.76
R3 S3
111.06
R4
Commentary
S4
111.37
Buy Above 110.57
110.90
110.28
– Take Profit
– Stop Loss
Trade Idea
Sell Below 110.20
109.97
110.55
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen reverses previous loss against U.S. dollar and slips back below 110.50
mark. The pair made intraday high at 110.45 and low at 110.31 mark. The triple EMAon a day chart is
up but H1 chart suggests bearish trend for the time being.Asustained close above 110.50 on H1 chart
requires for the upside rally.Alternatively, a consistent close below 110.21 on H1 will check further key
supports.
USD /JPY
110.10
109.72
109.40
109.08
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
1754
R2 S2
1760
R3 S3
1764
R4
Commentary
S4
1771
Buy Above 1757
1764
1751
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1747
1743
1754
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold recovers noticeably as U.S. CPI and Core CPI data released with flat to
negative numbers. Today pair made intraday high at $1,753 and low $1,748 mark.Aday chart is down
but H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,752 on
H1 chart requires for the upside rally. Alternatively, a consistent close below $1,740 will check further
supports.
XAU [GOLD]
USD
/
1747
1742
1738
1732
AUGUST,
2
021

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