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Daily Analysis Report February 25, 2021

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Daily Analysis Report February 25, 2021

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com R E P O R T F R O M : T P G LO B A L F X 25 February, 2021 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie strengthens on strong economic indicator, Asian stock markets extremely up, gold hovers around $1,800 mark Key Headlines: • New Zealand Final ANZ business confidence stands at 7.0 vs 11.8 previous release. • Australia private capital expenditure stands at 3.0 vs -3.1 pct previous release (expected 1.1). • South Korea keeps interest rate unchanged at 0.5 pct. • Biden likely to pass legisla on to boost chip manufacturing amid shortage, expected requirement $37B. • Tes mony Day 02 – Powell reaffirmed for lower interest rates. • Tes mony Day 02 – Fed will do its best to get the U.S. economy back to full employment. • Tes mony Day 02 – Fed will not worry about infla on unless prices rose in a persistent and troubling way. • Tes mony Day 02 – Infla on will remain at or below the central bank’s 2% target through 2023. • Tes mony Day 02 – We (Federal Reserve) believe we can do it, we believe we will do it. It may take more than three years. The current infla on rate by the Fed’s preferred measure is about 1.3%. • Tes mony Day 02 - Fed is not going to ghten monetary policy un l it is clear people are ge ng back to work. • The U.S. Food and Drug Administra on - Johnson & Johnson’s one dose COVID-19 vaccine appeared safe and effec ve in trials, may get approval for emergency use as soon as this week. • The U.S. House of Representa ves will vote on Friday on legisla on to provide $1.9 trillion in new coronavirus relief. • The key aim of aid bill is to s mulate the U.S. economy and carry out Biden’s proposals to provide addi onal money for COVID-19 vaccines and other medical equipment. • Federal Reserve Vice Chair Richard Clarida – He is “bullish” on the outlook for the U.S. economy and sees infla on at the Fed’s 2% goal by the end of 2021. • Singapore Health Ministry - The country received its first batch of the COVID-19 vaccine made by China’s Sinovac Biotech. • European Stocks likely to hit record high by the end of 2021 – Reuters poll. Economic Data Ahead: • (0700 GMT/1230 IST) German GFK consumer climate, previous -15.6, expected -14.0. • (0900 GMT/1430 IST) Euro private loans, previous 3.1, expected 3.2. • (1330 GMT/1900 IST) U.S. Prelim GDP q/q, previous 4.0, expected 4.2. • (1330 GMT/1900 IST) U.S. durable goods orders, previous 0.5, expected 0.9. • (1330 GMT/1900 IST) U.S. core durable goods orders, previous 1.1, expected 0.6. • (1330 GMT/1900 IST) U.S. unemployment claims weekly, previous 861K, expected 828K. • (1500 GMT/2030 IST) U.S. pending home sales, previous -0.3, expected 0.2. Economic Events Ahead: • (1330 GMT/1900 IST) FOMC member Bos c Speaks. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.14% to 90.05 points.
  3. 3. AUD / USD BUY SELL R E P O R T F R O M : T P G LO B A L F X FEBRUARY, 2 021 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 0.7975 R2 S2 0.8002 R3 S3 0.8038 R4 Commentary S4 0.8056 Buy Above 0.79893 0.80168 0.79559 – Take Profit – Stop Loss Trade Idea Sell Below 0.79443 0.79147 0.79737 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie rises noticeably on robust private capital expenditure results and touches $0.7978 mark in early Asian hours. Technical tools like triple EMA and RSI clearly confirm the bullish trend for the time being. A sustained close above $0.7975 on H1 chart requires for the upside rally. Alternatively, a consistent break below $0.7940 will test key supports too. 0.7940 0.7889 0.7842 0.7799
  4. 4. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.2205 R2 S2 1.2264 R3 S3 1.2323 R4 Commentary S4 1.2352 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro strengthens on Thursday and remains well supported above $1.2150 mark. The pair made intraday high at $1.2177 and low at $1.2155 mark. The triple EMA on H1 and a Day chart confirm the bullish trend only. The expected range for the parity will be $1.2205 to $1.2122 mark. A sustained close of either side on H1 chart will provide further direction to the parity. EUR / USD 1.2122 1.2090 1.2020 1.1961 FEBRUARY, 2 021 Buy Above 1.21879 1.22108 1.21657 – Take Profit – Stop Loss Trade Idea Sell Below 1.21413 1.21149 1.21700 – Take Profit – Stop Loss Trade Idea Trends Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50
  5. 5. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 1.4191 R2 S2 1.4240 R3 S3 1.4284 R4 Commentary S4 1.4328 Buy Above 1.41696 1.42106 1.41111 – Take Profit – Stop Loss Trade Idea Sell Below 1.40977 1.40520 1.41422 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The sterling spiked up in previous session and touched $1.4240 mark. Today pair remains well supported below $1.42 mark. The recovery from the covid infections and relieve from partial lockdown is the key reasons for the strong sterling. The day as well as H1 chart confirms the bullish trend for the time being. A sustained close above $1.4191 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1.4090 will test further supports too. USD 1.4127 1.4091 1.4064 1.4001 FEBRUARY, 2 021 GBP/
  6. 6. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 1.2522 R2 S2 1.2568 R3 S3 1.2610 R4 Commentary S4 1.2640 Buy Above 1.25320 1.25660 1.24988 – Take Profit – Stop Loss Trade Idea Sell Below 1.24894 1.24573 1.25245 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The Canadian dollar appreciates drastically and hits highest level since Feb 2018. The pair made intraday high at 1.2521 and low at 1.2500 mark. Both RSI and triple EMA confirm the bearish trend for the time being. The expected range of the parity will be 1.2397 to 1.2584 mark. A sustained close below 1.25 on a day chart requires for the downside rally. Alternatively, reversal from here will take the parity back above 1.2610 mark. USD /CAD 1.2495 1.2472 1.2424 1.2397 FEBRUARY, 2 021
  7. 7. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 106.12 R2 S2 106.38 R3 S3 106.78 R4 Commentary S4 107.22 Buy Above 106.173 106.370 105.966 – Take Profit – Stop Loss Trade Idea Sell Below 105.761 105.471 106.076 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen weakens sharply on Thursday and touches 106.13 mark in Asian hours. The day as well as H1 chart with triple EMA suggests bullish trend. The expected range of the parity will be 106.55 to 105.70 mark. A sustained close of either side on H1 chart requires for the further direction. An immediate resistance is seen at 106.12 mark. A consistent close above on H1 chart requires for the upside rally. USD /JPY 105.70 105.22 104.92 104.55 FEBRUARY, 2 021
  8. 8. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 1808 R2 S2 1815 R3 S3 1822 R4 Commentary S4 1827 Buy Above 1805.20 1812.05 1795.59 – Take Profit – Stop Loss Trade Idea Sell Below 1792.36 1785.78 1800.06 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold remained highly volatile as yesterday was the final day of Powell’s Testimony. There was nothing new to surprise the traders but Powell repeated his previous forecasts and expectations regarding the U.S. economy. The pair made intraday high at $1,805 and low at $1,793 mark. On H1 and a day chart, parity confirms the bearish trend. A sustained close above $1,808 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,794 will check further supports. XAU [GOLD] USD / 1794 1787 1778 1760 FEBRUARY, 2 021
  9. 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

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