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07 October 2021
Daily Analysis Report
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Asian Bulle n: U.S. dollar depreciated sharply against major peers despite robust U.S. ADP job results, Asian stock markets in green, gold hovers around $1,760 mark
Key Headlines:
• Australia AIG Services Index stands at 45.7 vs 45.6 previous release.
• Wall Street ended higher on Wednesday as investors grew more op mis c that congressional Democrats and Republicans could reach a deal to avert a
government debt default –Reuters.
• Bitcoin spikes up 8.15% to $55,800.92 in early Asian hours.
• The Interna onal Monetary Fund's execu ve board plans to meet again on Friday a er interviewing Managing Director Kristalina Georgieva over claims that
she pressured World Bank staff to alter data to favor China in her previous role, a source familiar with the delibera ons said – Reuters.
• The U.S. Senate postponed a vote to head off a federal debt default on Wednesday as Democrats considered a Republican proposal that could poten ally
defuse the par san standoff that threatens the broader economy – Reuters.
• Sweden and Denmark said on Wednesday they are pausing the use of Moderna's COVID-19 vaccine for younger age groups a er reports of possible rare
cardiovascular side effects – Reuters.
• The U.S. government is commi ng to purchase an addi onal 180 million rapid COVID-19 tests for $1 billion, adding to the $2 billion test buying plan it
announced in September, a top U.S. health official said on Wednesday – Reuters.
• Britain is aiming early next year to be ready to start charging for some previously free COVID-19 tests, two sources close to the health service said, a step one
described as driven by the finance ministry's desire to rein in spending – Reuters.
• Britain dropped its advice against all but essen al travel for 32 countries and territories on Wednesday as it con nued to simplify its coronavirus travel regime
a er progress in figh ng COVID-19 across the world – Reuters.
• Turkey logged 30,438 new COVID-19 cases on Wednesday, the highest number of daily infec ons since April 30, health ministry data showed – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) German Industrial Produc on, previous 1.0, expected -0.4.
• (0600 GMT/1130 IST) U.K. HPI, previous 0.7, expected 1.3.
• (0645 GMT/1215 IST) France Trade Balance, previous -7.0B, expected -6.8B.
• (0800 GMT/1330 IST) Italy Retail Sales, previous -0.4, expected 0.2.
• (1130 GMT/1700 IST) U.S. Challenger Job Cuts, previous -86.4.
• (1230 GMT/1800 IST) U.S. Unemployment Claims weekly, previous 362K, expected 350K.
• (1400 GMT/1930 IST) Canada IVEY PMI, previous 66.0, expected 60.3.
Economic Events Ahead:
• (1130 GMT/1700 IST) ECB Monetary Policy Mee ng Accounts.
• (1600 GMT/2130 IST) Canada BoC Gov Macklem Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.04% to 94.23 points.
3. AUD / USD
BUY SELL
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OCTOBER,
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
0.7299
R2 S2
0.7322
R3 S3
0.7348
R4
Commentary
S4
0.7376
Buy Above 0.7290
0.7315
0.7265
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7260
0.7237
0.7287
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie enjoys roller coaster movement and remains well supported below $0.7300
mark. It made intraday high at $0.7289 and low at $0.7267 mark.Aday chart is down and H1 chart with
triple EMA suggests up trend for the time being. A sustained close above $0.7299 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7250 will check further
supports.
0.7250
0.7215
0.7190
0.7170
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1570
R2 S2
1.1610
R3 S3
1.1638
R4
Commentary
S4
1.1665
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Time Frame: H1
EUR/USD: The Euro falls drastically against U.S. dollar and hovers around $1.1550 mark. Today pair
made intraday high at $1.1561 and low at $1.1551. Today triple EMA on a day chart and H1 chart
suggest bearish trend for the time being. A consistent close above $1.1570 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.1537 on H1 chart will check further
supports.
EUR / USD
1.1532
1.1508
1.1482
1.1458
Buy Above 1.1571
1.1595
1.1538
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1528
1.1498
1.1555
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
OCTOBER,
2021
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3599
R2 S2
1.3622
R3 S3
1.3658
R4
Commentary
S4
1.3682
Buy Above 1.3599
1.3632
1.3570
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3551
1.3516
1.3586
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling trades flat on Thursday ahead of U.K.’s HPI results. Today pair made intraday
high at $1.3597 and low at $1.3575 mark. A day chart and H1 chart with triple EMA suggest bearish
trend for the time being. A sustained close above $1.3599 on H1 chart will check key resistances.
Alternatively, a consistent close below $1.3550 will check further supports.
USD
1.3550
1.3510
1.3480
1.3455
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
OCTOBER,
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
1.2599
R2 S2
1.2630
R3 S3
1.2648
R4
Commentary
S4
1.2676
Buy Above 1.2599
1.2630
1.2570
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2566
1.2541
1.2592
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar moves in rigid boundaries and consolidates around 1.2580 mark.
The pair made intraday high at 1.2593 and low at 1.2572 mark. Today a day chart is up and H1 chart
with triple EMAsuggests bearish trend for the time being.Asustained close above 1.2599 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2562 on H1 chart will check key
supports too.
USD /CAD
1.2562
1.2538
1.2510
1.2480
OCTOBER,
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
111.77
R2 S2
111.99
R3 S3
112.26
R4
Commentary
S4
112.57
Buy Above 111.60
111.95
111.32
– Take Profit
– Stop Loss
Trade Idea
Sell Below 111.24
110.89
111.50
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
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Time Frame: H1
USD/JPY: The Japanese yen trades flat on Thursday and consolidates around 111.50 mark. The pair
made intraday high at 111.51 and low at 111.31 mark. The triple EMA on a day chart and H1 chart
suggests up trend for the time being. A sustained close above 111.77 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 111.22 on H1 chart will check further key supports.
USD /JPY
111.22
110.80
110.62
110.40
OCTOBER,
2021
8. 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
1764
R2 S2
1770
R3 S3
1776
R4
Commentary
S4
1782
Buy Above 1764
1771
1758
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1754
1748
1760
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold recovered previous losses despite higher than expected U.S.ADP Job data
and currently trading around $1,760 mark. Today pair made intraday high at $1,764 and low at $1,757
mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A
sustained close above $1,764 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,757 will check further supports.
XAU [GOLD]
USD
/
1757
1752
1747
1741
OCTOBER,
2021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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