DAILY ANALYSIS REPORT NOVEMBER 16 2021

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16 November 2021
Daily Analysis Report

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Asian Bulle n: Aussie rises slightly a er RBA’s Monetary Policy Mee ng Minutes, most Asian stock markets in green, Gold hovers around $1,865 mark
Key Headlines:
• President Joe Biden signed a $1.2 trillion bipar san infrastructure bill into law on Monday a er months of nego a ng with lawmakers – IBT.
• President Biden holds virtual mee ng with President of China – Sources.
• Wall Street indexes closed out Monday's session near the unchanged mark as rising Treasury yields dented the appe te for technology stocks, while Boeing
shares advanced on signs of demand for its freighter aircra – Reuters.
• Bitcoin went through a major upgrade on Sunday that enables its blockchain to execute more complex transac ons, poten ally widening the virtual currency's
use cases and making it a li le more compe ve with Ethereum for processing smart contracts – Reuters.
• Fed's Barkin - I don't believe the infrastructure bill is a short-term s mulus.
• Fed's Barkin - We'll see how long the infla onary period lasts.
• Fed's Barkin: We will keep an eye on salaries and the labour market for signals that infla on is becoming more persistent.
• RBA Minutes - Members Acknowledged That The Risks To The Infla on Forecast Had Changed.
• RBA Minutes - Central Scenario For The Economy Con nued To Be Consistent With The Cash Rate Remaining At Its Current Level Un l 2024.
• RBA Minutes - Ac vity in Australia had contracted sharply in the September quarter as a result of the outbreaks of the Delta variant of COVID-19 and
associated lockdowns in New South Wales, Victoria and the Australian Capital Territory.
• RBA Minutes - By mid 2022, ac vity was expected to be broadly in line with the pre-Delta recovery path.
• RBA Minutes - Under the central scenario, GDP was forecast to grow by around 3 per cent over 2021, 5½ per cent over 2022 and 2½ per cent over 2023.
• Austria imposed a lockdown on people unvaccinated against the coronavirus on Monday as winter approaches and infec ons rise across Europe, with
Germany considering ghter curbs and Britain expanding its booster programme to younger adults – Reuters.
• Nigeria will start a mass COVID-19 vaccina on campaign later this week, aiming to inoculate half of its targeted popula on by the end of January – Reuters.
• Ukraine's President Volodymyr Zelenskiy on Monday said in a video statement that all Ukrainians who were vaccinated against COVID-19 would receive a
1,000 hryvnia ($38) payment – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. Claimant Count Change, previous -51.1K, expected -39.2K.
• (0700 GMT/1230 IST) U.K. Unemployment Rate, previous 4.5, expected 4.4.
• (1000 GMT/1530 IST) Euro Flash GDP, previous 2.2, expected 2.2.
• (1330 GMT/1900 IST) U.S. Retail Sales, previous 0.7, expected 1.3.
• (1330 GMT/1900 IST) U.S. Core Retail Sales, previous 0.8, expected 1.0.
• (1415 GMT/1945 IST) U.S. Industrial Produc on, previous -1.3, expected 0.9.
• (1415 GMT/1945 IST) U.S. Capacity U liza on Rate, previous 75.2, expected 75.9.
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 up 0.05% to 95.46 points.

3. AUD / USD
BUY SELL
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NOVEMBER,
2021
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
0.7372
R2 S2
0.7399
R3 S3
0.7426
R4
Commentary
S4
0.7455
Buy Above 0.7372
0.7399
0.7340
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7337
0.7315
0.7363
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie appreciates after RBA’s Monetary Policy Meeting Minutes and jumps back
above $0.7350 mark. Today pair made intraday high at $0.7364 and low at $0.7342 mark.Aday chart
is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$0.7372 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7340 will
check further supports.
0.7340
0.7315
0.7290
07265

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1421
R2 S2
1.1455
R3 S3
1.1472
R4
Commentary
S4
1.1499
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-
Time Frame: H1
EUR/USD: The Euro recovers slightly from previous losses ahead of Euro’s Flash GDP data and
trading around $1.1390 mark. Today pair made intraday high at $1.1385 and low at $1.1358. Today
triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close
above $1.1421 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.1360 on H1 chart will check further supports.
EUR / USD
1.1338
1.1305
1.1280
1.1262
Buy Above 1.1399
1.1428
1.1370
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1358
1.1332
1.1386
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
NOVEMBER,
2021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3451
R2 S2
1.3476
R3 S3
1.3499
R4
Commentary
S4
1.3527
Buy Above 1.3450
1.3482
1.3418
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3402
1.3375
1.3422
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling rises gradually against U.S. dollar ahead of U.K.’s Claimant Count Change
and trading above $1.3430 mark. Today pair made intraday high at $1.3435 and low at $1.3404 mark.
A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained
close above $1.3451 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.3405 will check further supports.
USD
1.3405
1.3380
1.3365
1.3337
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
NOVEMBER,
2021

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
1.2524
R2 S2
1.2560
R3 S3
1.2600
R4
Commentary
S4
1.2626
Buy Above 1.2524
1.2555
1.2500
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2490
1.2466
1.2517
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD trades marginally higher on Tuesday and hovers around 1.2500 mark. The pair
made intraday high at 1.2518 and low at 1.2492 mark. Today a day chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above 1.2524 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
1.2455
1.2432
1.2410
NOVEMBER,
2021

7. BUY SELL
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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
114.30
R2 S2
114.54
R3 S3
114.78
R4
Commentary
S4
115.04
Buy Above 114.30
114.58
114.03
– Take Profit
– Stop Loss
Trade Idea
Sell Below 113.99
113.70
114.27
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Tuesday and trading around 114.20 mark.
The pair made intraday high at 114.31 and low at 114.08 mark. The triple EMA on a day chart and H1
chart suggest bullish trend for the time being.Asustained close above 114.30 on H1 chart requires for
the upside rally. Alternatively, a consistent close below 114.00 on H1 chart will check further key
supports.
USD /JPY
114.00
113.65
113.38
113.11
NOVEMBER,
2021

8. 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
1868
R2 S2
1874
R3 S3
1881
R4
Commentary
S4
1887
Buy Above 1870
1876
1865
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1861
1856
1867
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold moves in rigid boundaries ahead of U.S. Retail Sales and Industrial
Production results. Today pair made intraday high at $1,868 and low at $1,861 mark. A day chart and
H1 chart with triple EMA suggest up trend for the time being. A sustained close above $1,868 on H1
chart requires for the upside rally. Alternatively, a consistent close below $1,855 will check further
supports.
XAU [GOLD]
USD
/
1855
1847
1842
1836
NOVEMBER,
2021

9. Thank
you!
Info@tpglobalfx.com
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