DAILY ANALYSIS REPORT SEPTEMBER 20 2021

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20 September 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar strengthens sharply against major peers ahead of U.S. FOMC Interest Rate Decision due on Wednesday, Asian stock markets in red, gold hovers
around $1,750 mark
Key Headlines:
• China and Japan banks will be closed for the day.
• U.K. Rightmove HPI stands at 0.3 pct vs -0.3 pct previous release.
• The appeal of Russian markets is eclipsing risks from President Vladimir Pu n’s crackdown on poli cal rivals as the na on goes to the polls in parliamentary
elec ons – BNNBloomberg.
• The WSJ just released a Janet Yellen Op-Ed imploring congress to raise the debt ceiling – Sources.
• OPEC and its allies will try to keep oil prices at $70 per barrel in the first quarter of 2022, Iraq’s oil minister said, adding the group is expected to s ck to its
current produc on accord when it meet in October “if prices remain stable.” – Financialpost.
• China will “steadily and prudently” promote yuan interna onaliza on in 2021, and further develop offshore yuan markets – PBoC.
• A vaccine summit being hosted by U.S. President Joe Biden must come up with a plan this week to transfer 100 million stockpiled COVID-19 vaccines to poorer
countries before they reach their expiry date, former Bri sh Prime Minister Gordon Brown said – Reuters.
• Singapore's health ministry reported 1,012 new COVID-19 cases on Sunday, the highest since April last year – Reuters.
• New Zealand reported 24 new locally acquired coronavirus cases on Sunday, up from 20 on Saturday, showing an upturn a er several days of lower numbers,
as the country's largest city Auckland awaits to hear if its lockdown restric ons will ease – Resuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) German PPI, previous 1.9, expected 0.8.
• (1400 GMT/1930 IST) NAHB Housing Market Index, previous 75, expected 74.
Economic Events Ahead:
• All Day – Canada Federal Elec ons.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.10% to 93.29 points.

3. AUD / USD
BUY SELL
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SEPTEMBER,
2021
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
0.7276
R2 S2
0.7310
R3 S3
0.7350
R4
Commentary
S4
0.7376
Buy Above 0.7250
0.7275
0.7222
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7215
0.7177
0.7240
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie fell drastically after dovish RBA and hit lowest level since Aug 27, 2021. It
made intraday high at $0.7268 and low at $0.7229 mark. A day chart and H1 chart with triple EMA
suggests bearish trend for the time being. A sustained close above $0.7276 on H1 chart requires for
the upside rally.Alternatively, a consistent close below $0.7215 will check further supports.
0.7215
0.7182
0.7165
0.7140

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1737
R2 S2
1.1780
R3 S3
1.1822
R4
Commentary
S4
1.1850
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-
Time Frame: H1
EUR/USD: The Euro depreciates sharply on Monday and touches $1.1710 mark in Asian hours.
Today pair made intraday high at $1.1730 and low at $1.1710. Today triple EMAon a day chart and H1
chart suggest bearish trend for the time being.Aconsistent close above $1.1737 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.1701 on H1 chart will check further
supports. EU economic calendar is light for the day.
EUR / USD
1.1701
1.1686
1.1650
1.1618
Buy Above 1.1740
1.1772
1.1701
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1697
1.1666
1.1730
– 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
1.3738
R2 S2
1.3770
R3 S3
1.3790
R4
Commentary
S4
1.3712
Buy Above 1.3740
1.3770
1.3710
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3690
1.3665
1.3727
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling starts a new week on a lower note and touches $1.3700 mark in opening
hours. Today pair made intraday high at $1.3749 and low at $1.3700 mark. A day chart and H1 chart
with triple EMA suggests bearish trend for the time being. A sustained close above $1.3738 on H1
chart will check key resistances. Alternatively, a consistent close below $1.3680 will check further
supports.
USD
1.3680
1.3655
1.3620
1.3601
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
SEPTEMBER,
2021

6. 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
1.2800
R2 S2
1.2832
R3 S3
1.2855
R4
Commentary
S4
1.2876
Buy Above 1.2805
1.2836
1.2765
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2752
1.2712
1.2793
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar falls sharply on Monday as Canada’s Federal Elections are in focus
and touches 1.2800 mark. The pair made intraday high at 1.2801 and low at 1.2750 mark. Today a day
chart and H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above
1.2800 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2750 on H1
chart will check key supports too.
USD /CAD
1.2750
1.2722
1.2701
1.2680
SEPTEMBER,
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
110.01
R2 S2
110.22
R3 S3
110.40
R4
Commentary
S4
110.65
Buy Above 110.10
110.37
109.80
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.70
109.45
110.02
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades almost unchanged on Monday as Japanese banks will be closed
in observance of Respect-for-the-Aged Day. The pair made intraday high at 110.03 and low at 109.87
mark. The triple EMA on a day chart is flat and H1 chart suggests up trend for the time being. A
sustained close above 110.01 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 109.72 on H1 chart will check further key supports.
USD /JPY
109.72
109.38
109.10
108.82
SEPTEMBER,
2021

8. 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
1755
R2 S2
1762
R3 S3
1767
R4
Commentary
S4
1774
Buy Above 1755
1762
1747
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1740
1734
1747
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold starts a new week on a lower note as Markets eye U.S. FOMC Interest Rate
decision due on Wednesday and currently trading around $1,750 mark. Today pair made intraday
high at $1,755 and low at $1,742 mark. A day chart and H1 chart with triple EMA suggests bearish
trend for the time being. A sustained close above $1,755 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $1,742 will check further supports.
XAU [GOLD]
USD
/
1742
1737
1732
1727
SEPTEMBER,
2021

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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