DAILY ANALYSIS REPORT JULY 29, 2021

+1 7754 366 970
analysis@tpglobalfx.com
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29 July 2021
Daily Analysis Report

+1 7754 366 970
Asian Bulle n: U.S. dollar weakens sharply against major peers as Fed conveyed dovish message through FOMC mee ng, Asian stock markets in green, gold back above
$1,810 mark
Key Headlines:
• New Zealand ANZ Business Confidence stands at -3.8 pct vs -0.6 pct previous release.
• Australia import prices stand at 1.9 pct vs 0.2 pct previous release.
• Fed's Powell - infla on is running well above our target.
• Fed's Powell - seen fewer economic implica ons from each virus wave.
• Fed’s Powell - Delta may weigh on return to the labor market, is monitoring it carefully.
• Fed’s Powell - clearly a ways away from raising interest rates.
• Fed's Powell has confidence that infla on would fall in the medium term.
• The S&P 500 ended li le changed on Wednesday but off its session lows a er the Federal Reserve said the U.S. economic recovery remains on track and Chair
Jerome Powell said the central bank was s ll a ways away from considering raising interest rates – Reuters.
• China's recent policy ghtening against the tutoring industry and Internet pla orms is good for long-term development of the country, and China remains
commi ed to opening up its capital markets – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) Spain CPI, previous 2.7, expected 2.7.
• (0700 GMT/1230 IST) Spain unemployment rate, previous 16.0, expected 15.1.
• (0755 GMT/1325 IST) German unemployment change, previous -38K, expected -29K.
• (0830 GMT/1400 IST) U.K. mortgage approvals, previous 88K, expected 85K.
• (1230 GMT/1800 IST) U.S. advance GDP, previous 6.4, expected 8.5.
• (1230 GMT/1800 IST) U.S. unemployment claims weekly, previous 419K, expected 382K.
• (1400 GMT/1930 IST) U.S. Pending Home Sales, previous 8.0, expected 0.1.
Economic Events Ahead:
• Tenta ve – ECB Monetary Policy Mee ng Accounts.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.11% to 92.22 points.

AUD / USD
BUY SELL
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JULY,
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
0.7415
R3 S3
0.7442
R4
Commentary
S4
0.7470
Buy Above 0.7385
0.7420
0.7358
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7351
0.7327
0.7377
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
AUD/USD: The Aussie remained highly volatile after FOMC statements and currently trading around
$0.7360 mark. It made intraday high at $0.7379 and low at $0.7359 mark. A day chart is bearish but
H1 chart with triple EMAsuggests up trend for the time being.Asustained close above $0.7390 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7340 will check further
supports.
0.7340
0.7316
0.7290
0.7270

BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1870
R2 S2
1.1901
R3 S3
1.1932
R4
Commentary
S4
1.1967
+1 7754 366 970
-
Time Frame: H1
EUR/USD: The Euro strengthens sharply on Thursday and jumps above $1.1850 mark. Today pair
made intraday high at $1.1857 and low at $1.1838. Today triple EMA on a day chart is down and H1
chart suggest bullish trend for the time being. A consistent close above $1.1870 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.1838 on H1 chart will check further
supports.
EUR / USD
1.1838
1.1802
1.1780
1.1755
Buy Above 1.1868
1.1894
1.1832
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1828
1.1800
1.1858
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
JULY,
2
021

BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3940
R2 S2
1.3972
R3 S3
1.3997
R4
Commentary
S4
1.4020
Buy Above 1.3939
1.3975
1.3892
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3891
1.3862
1.3935
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
GBP/USD: The Sterling soars on Thursday and touches $1.3929 mark in Asian hours. Today pair
made intraday high at $1.3929 and low at $1.3896 mark. A day chart is down but H1 chart with triple
EMAsuggests bullish trend for the time being.Asustained close above $1.3940 on H1 chart will check
key resistances.Alternatively, a consistent close below $1.3870 will check further supports.
USD
1.3870
1.3840
1.3802
1.3780
GBP/
Trends Up Trend
JULY,
2
021

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
1.2530
R2 S2
1.2570
R3 S3
1.2599
R4
Commentary
S4
1.2622
Buy Above 1.2530
1.2565
1.2501
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2481
1.2447
1.2521
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
USD/CAD: The Canadian dollar strengthens extremely and slips below 1.25 mark. Today pair made
intraday high at 1.2530 and low at 1.2494 mark. Today a day chart is up but H1 chart with triple EMA
suggests down trend for the time being. A sustained close above 1.2530 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2480 on H1 chart will check key supports too.
USD /CAD
1.2480
1.2455
1.2420
1.2400
JULY,
2
021

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
109.95
R2 S2
110.22
R3 S3
110.40
R4
Commentary
S4
110.76
Buy Above 109.95
110.21
109.67
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.57
109.33
109.86
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
USD/JPY: The Japanese yen rose after dovish comments from Fed oﬃcials and currently stabilizes
around 109.70 mark. The pair made intraday high at 109.94 and low at 109.68 mark. The triple EMA
on a day chart is up but H1 chart suggests bearish trend for the time being. A sustained close above
109.91 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.62 on H1
will check further key supports.
USD /JPY
109.62
109.38
109.10
108.85
JULY,
2
021

BUY SELL
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Technical Summary
Trends Up Trend
H 1
FIBO Levels PIVOT
R1 S1
1819
R2 S2
1824
R3 S3
1830
R4
Commentary
S4
1834
Buy Above 1817
1824
1809
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1806
1800
1814
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
XAU/USD (GOLD): Gold strengthens drastically after FOMC’s Interest Rate Decision and stabilizes
above $1,810 mark. Today pair made intraday high at $1,817 and low $1,806 mark. A day chart is
down but H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$1,816 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,802 will
check further supports.
XAU [GOLD]
USD
/
1802
1796
1791
1785
JULY,
2
021

Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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DAILY ANALYSIS REPORT JULY 29, 2021

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