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10 September 2021
Daily Analysis Report
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Asian Bulle n: Sterling trades slightly higher ahead of U.K.’s Various Economic Results, most Asian stock markets in green, gold hovers around $1,800 mark
Key Headlines:
• President Joe Biden spoke with China’s Xi Jinping on Thursday amid growing frustra on on the American side that high-level engagement between the two
leaders’ top advisers has been largely unfrui ul in the early going of the Biden presidency – Marketwatch.
• Wall Street ended lower on Thursday a er weekly jobless claims fell to a near 18-month low, allaying fears of a slowing economic recovery, but also stoking
worries the Fed could move sooner than expected to scale back its accommoda ve policies – Reuters.
• The dollar dipped on Thursday as Treasury yields fell a er the U.S. government saw strong demand for a sale of 30-year bonds, while the euro was supported
a er the European Central Bank said it would trim emergency bond purchases over the coming quarter – Reuters.
• President Joe Biden will require all federal employees to get vaccinated against COVID-19 and the U.S. Department of Labor will issue a rule requiring
businesses with more than 100 employees to have their workers vaccinated or tested weekly – Reuters.
• The White House on Thursday said it is targe ng 20% lower avia on emissions by 2030, as airlines facing pressure to lower their carbon footprint promised to
use more sustainable avia on fuel – Reuters.
• Na onal Bank of Kuwait , the Gulf country's largest lender, has given ini al price guidance for six-year U.S. dollar-denominated bonds of around 115 basis
points over U.S. Treasuries, a bank document showed on Thursday – Reuters.
• The Indian government is considering allowing foreign ins tu onal investors to buy up to a total of 20% in state-owned Life Insurance Corpora on (LIC), a
government source said on Wednesday, as it presses ahead with a stake sale – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) U.K. GDP, previous 1.0, expected 0.5.
• (0600 GMT/1130 IST) U.K. Trade Balance, previous -12.0B, expected -10.9B.
• (0600 GMT/1130 IST) U.K. Industrial Produc on, previous -0.7, expected 0.3.
• (0600 GMT/1130 IST) U.K. Manufacturing Produc on, previous 0.2, expected 0.1.
• (0645 GMT/1215 IST) France Industrial Produc on, previous 0.5, expected 0.4.
• (0800 GMT/1330 IST) Italy Industrial Produc on, previous 1.0, expected 0.0.
• (1230 GMT/1800 IST) Canada Employment Change, previous 94.0, expected 67.2.
• (1230 GMT/1800 IST) Canada Unemployment Rate, previous 7.5, expected 7.3.
• (1230 GMT/1800 IST) U.S. PPI, previous 1.0, expected 0.6.
• (1230 GMT/1800 IST) U.S. Core PPI, previous 1.0, expected 0.5.
• (1400 GMT/1930 IST) U.S. Wholesale Inventories, previous 0.6, expected 0.6.
Economic Events Ahead:
• (0930 GMT/1500 IST) ECB President Lagarde Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.01% to 92.49 points.
3. AUD / USD
BUY SELL
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SEPTEMBER,
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
0.7390
R2 S2
0.7421
R3 S3
0.7450
R4
Commentary
S4
0.7476
Buy Above 0.7397
0.7424
0.7365
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7355
0.7316
0.7381
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: TheAussie appreciates on Friday and trading around $0.7390 mark. It made intraday high
at $0.7386 and low at $0.7360 mark.Aday chart and H1 chart with triple EMAsuggests bearish trend
for the time being. A sustained close above $0.7390 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $0.7348 will check further supports.
0.7348
0.7320
0.7302
0.7280
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1850
R2 S2
1.1885
R3 S3
1.1927
R4
Commentary
S4
1.1950
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-
Time Frame: H1
EUR/USD: The Euro appreciates on Friday and trading above $1.1800 mark. Today pair made
intraday high at $1.1832 and low at $1.1818. Today triple EMA on a day chart is up and H1 chart
suggest bearish trend for the time being. A consistent close above $1.1850 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.1810 on H1 chart will check further
supports.
EUR / USD
1.1810
1.1790
1.1762
1.1722
Buy Above 1.1840
1.1865
1.1815
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1811
1.1783
1.1838
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
SEPTEMBER,
2021
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3856
R2 S2
1.3878
R3 S3
1.3915
R4
Commentary
S4
1.3940
Buy Above 1.3862
1.3890
1.3830
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3810
1.3782
1.3851
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling strengthens sharply ahead of U.K.’s multiple economic results and hovers
around $1.3850 mark. Today pair made intraday high at $1.3848 and low at $1.3832 mark.Aday chart
is down and H1 chart with triple EMA suggests bullish trend for the time being. A sustained close
above $1.3856 on H1 chart will check key resistances.Alternatively, a consistent close below $1.3810
will check further supports.
USD
1.3810
1.3780
1.3755
1.3738
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
SEPTEMBER,
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
1.2700
R2 S2
1.2724
R3 S3
1.2762
R4
Commentary
S4
1.2799
Buy Above 1.2672
1.2699
1.2638
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2622
1.2593
1.2651
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar appreciates in early hours ofAsia and slips back below 1.2650 mark.
The pair made intraday high at 1.2673 and low at 1.2639 marks. Today a day chart is up and H1 chart
with triple EMAsuggests bearish trend for the time being.Asustained close above 1.2665 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2628 on H1 chart will check key
supports too.
USD /CAD
1.2628
1.2590
1.2570
1.2540
SEPTEMBER,
2021
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
110.00
R2 S2
110.22
R3 S3
110.40
R4
Commentary
S4
110.70
Buy Above 109.90
110.15
109.61
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.57
109.37
109.85
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
USD/JPY: The Japanese yen exhibits range bound movement and stabilizes around 109.80 mark.
The pair made intraday high at 109.80 and low at 109.64 mark. The triple EMA on a day chart is flat
and H1 chart suggests bearish trend for the time being. A sustained close above 109.90 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 109.62 on H1 chart will check
further key supports.
USD /JPY
109.62
109.37
109.12
108.87
SEPTEMBER,
2021
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
1802
R2 S2
1807
R3 S3
1813
R4
Commentary
S4
1819
Buy Above 1801
1808
1794
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1791
1785
1797
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold slightly up on Friday ahead of U.S. PPI and Core PPI Results and hovers
around $1,800 mark. Today pair made intraday high at $1,799 and low at $1,792 mark. A day chart is
up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above
$1,802 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,787 will
check further supports.
XAU [GOLD]
USD
/
1787
1782
1776
1771
SEPTEMBER,
2021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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