DAILY ANALYSIS REPORT AUGUST 17 2021

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17 August 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Aussie weakens sharply a er RBA’s Monetary Policy Mee ng Minutes, Asian stock markets in red, gold hovers around $1,790 mark
Key Headlines:
• U.S. TIC Long Term Purchases stand at 110.9B vs -30.0B previous release.
• The benchmark S&P 500 and the Dow industrials hit record highs on Monday as investors moved into defensive sectors and stocks recovered from losses
earlier in the session, shaking off glum economic data out of China – Reuters.
• Foreign holdings of Treasuries in June climbed to their highest since February 2020, Treasury Department data showed on Monday – Reuters.
• U.S. shale oil output is expected to rise to 8.1 million barrels per day (bpd) in September, the highest since May 2020, according to the Energy Informa on
Administra on's monthly drilling produc vity report on Monday – Reuters.
• U.S. troops guarded the evacua on of embassy staff a day a er the Taliban seized the Afghan capital and declared the war was over and peace prevailed –
Reuters.
• RBA minutes - The board will not increase the cash rate un l the actual infla on is sustainably within the 2% to 3% target range.
• RBA minutes - The board would be prepared to act in response to further bad news on the health front should that lead to a more significant setback for the
economic recovery.
• RBA minutes - The bond purchase program will con nue to be reviewed in light of economic condi ons and the health situa on.
• The Chinese yuan has been making inroads in the world of cross-border payments in recent years, but a pair of data points due this week will reveal whether
the country’s sudden industry crackdowns have dented interna onal trust in the currency – BNN Blomberg.
• U.S. President Biden delivered remarks on Afghanistan a ack – Whitehouse.
Economic Data Ahead:
• (0600 GMT/1130 IST) U.K. Claimant count change, previous -114.8K, previous -84.1K.
• (0600 GMT/1130 IST) U.K. unemployment rate, previous 4.8, previous 4.8.
• (0900 GMT/1430 IST) Euro Flash GDP, previous 2.0, expected 2.0.
• (1230 GMT/1800 IST) U.S. Retail Sales, previous 0.6, expected -0.2.
• (1230 GMT/1800 IST) U.S. Core Retail Sales, previous 1.3, expected 0.2.
• (1315 GMT/1845 IST) U.S. Industrial produc on, previous 0.4, expected 0.5.
• (1315 GMT/1845 IST) U.S. Capacity u liza on rate, previous 75.4, expected 75.7.
Economic Events Ahead:
• (1730 GMT/2300 IST) U.S. Fed Chair Powell Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.04% to 92.66 points.

3. AUD / USD
BUY SELL
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AUGUST,
2
021
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
0.7340
R2 S2
0.7370
R3 S3
0.7390
R4
Commentary
S4
0.7422
Buy Above 0.7340
0.7365
0.7314
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7292
0.7263
0.7321
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie depreciates sharply after RBA’s Monetary Policy Meeting Minutes. It made
intraday high at $0.7341 and low at $0.7302 mark. A day chart and H1 chart with triple EMA suggests
bearish trend for the time being.Asustained close above $0.7340 on H1 chart requires for the upside
rally.Alternatively, a consistent close below $0.7302 will check further supports.
0.7302
0.7280
0.7258
0.7232

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1790
R2 S2
1.1812
R3 S3
1.1832
R4
Commentary
S4
1.1864
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-
Time Frame: H1
EUR/USD: The Euro trades slightly lower and hovers around $1.1770 mark. Today pair made
intraday high at $1.1780 and low at $1.1769. Today triple EMA on a day chart is down but H1 chart
suggest bullish trend for the time being.Aconsistent close above $1.1790 on H1 chart requires for the
upside rally.Alternatively, a sustained close below $1.1768 on H1 chart will check further supports
EUR / USD
1.1768
1.1750
1.1720
1.1701
Buy Above 1.1790
1.1810
1.1768
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1760
1.1739
1.1788
– 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
1.3850
R2 S2
1.3875
R3 S3
1.3915
R4
Commentary
S4
1.3940
Buy Above 1.3840
1.3865
1.3822
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3809
1.3785
1.3834
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling starts a new day on a lower note ahead of U.K.’s employment results and
hovers around $1.3822 mark. Today pair made intraday high at $1.3845 and low at $1.3820 mark. A
day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close
above $1.3850 on H1 chart will check key resistances.Alternatively, a consistent close below $1.3812
will check further supports.
USD
1.3800
1.3776
1.3740
1.3706
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below 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
1.2610
R2 S2
1.2626
R3 S3
1.2648
R4
Commentary
S4
1.2676
Buy Above 1.2610
1.2628
1.2585
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2582
1.2562
1.2605
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar falls sharply on Tuesday and hovers around 1.26 mark. Today pair
made intraday high at 1.2597 and low at 1.2565 mark. Today a day chart and H1 chart with triple EMA
suggests up trend for the time being. A sustained close above 1.2610 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2570 on H1 chart will check key supports too.
USD /CAD
1.2570
1.2540
1.2510
1.2490
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
109.40
R2 S2
109.70
R3 S3
110.01
R4
Commentary
S4
110.22
Buy Above 109.40
109.68
109.12
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.08
108.84
109.35
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades in narrow range in earlyAsian and stabilizes above 109.10 mark.
The pair made intraday high at 109.32 and low at 109.17 mark. The triple EMA on a day chart and H1
chart suggests bearish trend for the time being.Asustained close above 109.40 on H1 chart requires
for the upside rally. Alternatively, a consistent close below 109.10 on H1 will check further key
supports.
USD /JPY
109.10
108.89
108.62
108.40
AUGUST,
2
021

8. 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
1789
R2 S2
1794
R3 S3
1801
R4
Commentary
S4
1808
Buy Above 1791
1797
1785
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1781
1776
1788
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold spiked up sharply in previous session and today touches $1,789 mark in
earlyAsian hours. Today pair made intraday high at $1,788 and low $1,784 mark.Aday chart is down
but H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,789 on
H1 chart requires for the upside rally. Alternatively, a consistent close below $1,782 will check further
supports.
XAU [GOLD]
USD
/
1782
1776
1772
1767
AUGUST,
2
021

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