- The document is a daily analysis report from TPGlobalFX providing analysis of major currency pairs and commodities. - On the Asian session, the US dollar weakened against major peers ahead of upcoming US CPI and core CPI data. Asian stock markets were mostly higher. - Key events mentioned include the impeachment process against US President Trump moving forward in the House and Senate, as well as upcoming economic data from the US, Eurozone, and Germany.

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13 January, 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar weakens gradually against major peers ahead of CPI, Core CPI data; Asian stock markets in green; gold faces key hurdle at $1,863 mark
Key Headlines:
• BOJ likely to cut economic forecast for the current fiscal year to 3.6 pct from 5.5 pct previously forecasted – Nikkei.
• Japan M2 money stock stands at 9.2 pct vs 9.1 pct previous release (expected 9.2).
• New Zealand ANZ commodity prices stand at 1.8 pct vs 0.9 pct previous release.
• South Korea unemployment rate stands at 4.6 pct vs 4.1 pct previous release.
• The house passed bill 223 – 205 votes calling on U.S. Vice President Pence to remove Trump.
• U.S. Vice President Mike Pence – He will not invoke 25th Amendment against Trump.
• Democrats are set to bring impeachment procedure likely on Wednesday.
• PBoC fixes USD/CNY reference rate at 6.4605 (previous fix 6.4823; previous close 6.4633)
• House of GOP Chair Liz Cheney along with republican representa ves John Katko and Kinzinger will vote to impeach Trump.
• If the House impeaches Trump successfully, the Senate will decide whether to convict him or not.
• The Convic on in the Senate would prevent Trump from becoming president again.
Economic Data Ahead:
• (0700 GMT/1230 IST) German WPI, previous 0.1, expected 0.1.
• (0900 GMT/1430 IST) Italy Industrial produc on, previous 1.3, expected -0.4.
• (1000 GMT/1530 IST) Euro Industrial produc on, previous 2.1, expected 0.2.
• (1330 GMT/1900 IST) U.S. CPI, previous 0.2, expected 0.4.
• (1330 GMT/1900 IST) U.S. Core CPI, previous 0.2, expected 0.1.
Economic Events Ahead:
• (0900 GMT/1430 IST) ECB President Lagarde speaks.
• (1800 GMT/2330 IST) U.S. FOMC member Brainard speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.14% to 89.97 points.

3. AUD / USD
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S10.7799
R2 S20.7820
R3 S30.7854
R4
Commentary
S40.7878
Buy Above 0.77842
0.78012
0.77586
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77407
0.77179
0.77621
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades flat on Wednesday and stabilizes back above $0.7750 mark. On a
60 – minute timeframe, a consistent close above $0.7799 requires for the upside rally.
Alternatively, reversal from this will take the parity back below $0.7660 mark.
0.7660
0.7590
0.7520
0.7436

4. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26)
FIBO Levels PIVOT
R1 S11.2213
R2 S21.2240
R3 S31.2292
R4
Commentary
S41.2323
Buy Above 1.22147
1.22480
1.21984
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.21933
1.21701
1.22172
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
EUR/USD: The euro trades marginally higher on Wednesday ahead of ECB President Lagarde’s
speech. The pair fails to find support below $1.2132 mark and spikes back above $1.2200 mark.
On a daily time frame, both RSI and MA support the bullish trend for the time being but sustained
close of daily candle above $1.2213 requires to check the key resistances.
EUR / USD
1.2132
1.2101
1.2078
1.2022
Above RSI LEVEL 50

5. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.3695
R2 S21.3720
R3 S31.3776
R4
Commentary
S41.3809
Buy Above 1.37064
1.37427
1.36671
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.36663
1.36422
1.36944
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The pound strengthens noticeably on Wednesday and touches $1.3692 mark in Asian
hours. The key boundaries for the day will be $1.3695 and $1.3640 mark. A sustained break of
either side will provide further direction to the parity. From the fundamental point, U.K. calendar is
empty.
GBP / USD
1.3640
1.3600
1.3570
1.3522

6. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75A) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.2783
R2 S21.2812
R3 S31.2853
R4
Commentary
S41.2906
Buy Above 1.27416
1.27622
1.27175
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26925
1.26731
1.27204
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar moves in rigid boundaries and consolidates around $1.2717
mark. The pair made intraday high at 1.2718 and low at 1.2703 mark. The technical tools like RSI,
MA confirm the downside trend for the time being.
USD /CAD
1.2672
1.2628
1.2570
1.2540

7. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1104.22
R2 S2104.90
R3 S3105.40
R4
Commentary
S4105.94
Buy Above 103.847
104.080
103.620
– Take Profit
– Stop Loss
Trade Idea
Sell Below 103.430
103.199
103.655
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen reverses previous loss against U.S. dollar and stabilizes back below
104.00 mark. The pair comes back in between bearish channel pattern. A sustained close above
104.22 requires for the bullish trend. The RSI and WMA also support the downside price trend for
the time being.
USD /JPY
103.76
102.90
102.45
102.10

8. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S11862
R2 S21868
R3 S31876
R4
Commentary
S41885
Buy Above 1863.64
1868.52
1858.62
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1843.97
1838.01
1851.56
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold strengthens on Wednesday ahead of U.S. CPI, core CPI data . On a
daily timeframe; RSI, MA confirms the uptrend. The key ranges for the gold will be $1,862 -
$1,827 mark. A sustained close of either side will give further direction to the parity.
XAU [GOLD]USD/
1840
1832
1827
1816

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