The document provides a daily analysis report from TPGlobalFX. It includes headlines on economic data from Asia, including construction indexes, employment changes, unemployment rates, and manufacturing/services PMIs. It also lists upcoming economic data releases for Europe and North America. The report analyzes major currency pairs and commodities, providing technical indicators and support/resistance levels. Technical analyses are given on AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY, gold, and silver.

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04 November, 2020
Daily Analysis Report

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Asian Bulle n: Japanese yen hits fresh 2 – week low a er BoJ’s monetary policy mee ng minutes, Asian stock markets in green, gold hovers around $1,900 mark
Asian Headlines:
• Australia AIG construc on index stands at 52.7 vs 45.2 previous release.
• New Zealand employment change stands at -0.8 vs -0.4 pct previous release (expected -0.7).
• New Zealand unemployment rate stands at 5.3 pct vs 4.0 pct previous release.
• Australia retail sales stands at -1.1 pct vs -1.5 pct previous release (expected -1.5).
• China Caixin services PMI stands at 56.8 vs 54.8 previous release (expected 55.1).
• South Korea FX reserves stands at 426.51B vs 420.55B previous release.
• Hong Kong manufacturing PMI stands at 49.8 vs 47.7 previous release.
• Indian Nikkei services PMI stands at 54.1 vs 49.8 previous release (expected 51.2).
Economic Data Ahead:
• (0400 ET/0800 GMT) Spain unemployment change, previous -26.3K.
• (0415 ET/0815 GMT) Spain services PMI, previous 42.4, expected 40.0.
• (0445 ET/0845 GMT) Italy services PMI, previous 48.8, expected 47.4.
• (0450 ET/0850 GMT) France final services PMI, previous 46.5, expected 46.5.
• (0455 ET/0855 GMT) German final services PMI, previous 48.9, expected 48.9.
• (0500 ET/0900 GMT) Euro final services PMI, previous 46.2, expected 46.2.
• (0530 ET/0930 GMT) U.K. final services PMI, previous 52.3, expected 52.3.
• (0600 ET/1000 GMT) Euro PPI, previous 0.1, expected 0.3.
• (0915 ET/1315 GMT) U.S. ADP job data, previous 749K, expected 650K.
• (0930 ET/1330 GMT) Canada trade balance, previous -2.4B, expected -2.2B.
• (0930 ET/1330 GMT) U.S. trade balance, previous -67.1B, expected -64.2B.
• (1100 ET/1500 GMT) U.S. ISM services PMI, previous 57.8, expected 57.4.
Economic Events Ahead:
• ECOFIN Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.13% to 93.85 points.
USD/JPY: The Japanese yen falls sharply a er BOJ’s monetary policy mee ng minutes and comments by Kuroda. A sustained close above 104.92 will take the parity higher
towards key resistance around 105.34, 105.92, 106.22, 106.87, 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent
close below 104.32 will drag the parity down towards 104.20, 103.97, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie remains highly vola le a er RBA’s cash rate decision. Today Australia released retail sales data with posi ve numbers. The pair made intraday high
at $0.7222 and low at $0.7048 marks. On the top side key resistances are seen at $0.7122, $0.7170, $0.7190, $0.7222, $0.7240 and $0.7290 mark respec vely. On the
other hand, a consistent close below $0.7162 will take the parity down towards key supports around $0.7122, $0.7090, $0.7052, $0.7002, $0.6969, $0.6922, $0.6861,
$0.6833 and $0.6799 mark respec vely.
NZD/USD: The Kiwi enjoys two – side movements and currently stabilizes around $0.6670 mark. Pair made intraday high at $0.6743 and low at $0.6613 mark. Key
resistances are seen at $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6610 will drag the parity down
towards key supports around $0.6578, $0.6527, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee rises sharply in early Asia a er higher than expected Nikkei services PMI data. The pair made intraday high at 75.08 and low at 74.60 marks. A
sustained close below 74.65 marks will drag the parity down towards 74.49, 74.22, 73.87, 73.57, 73.20, 72.87, 72.65, 72.40 and 72.12 mark respec vely. On the top side
key resistances are seen at 74.70, 75.08, 75.27, 75.39 and 75.62 marks respec vely.
EUR/USD: The euro weakens and hits fresh 4 – month low at $1.1602 mark. The pair made intraday high at $1.1771 and low at $1.1602 mark. A sustained close above
$1.1711 tests key resistances at $1.1770, $1.1822, $1.1876, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained
close below $1.1641 will target key supports around $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound falls no ceably and hovers around $1.3000 mark. Today pair made intraday high at $1.3140 and low at $1.2933 mark. A sustained close above
$1.3049 will drag the parity up towards $1.3070, $1.3102, $1.3152, $1.3176, $1.3224 and $1.3248 mark respec vely. Key support levels are seen at $1.2889, $1.2854,
$1.2822, $1.2752, $1.2723, $1.2675, $1.2632, $1.2602 and $1.2570 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades lower on Wednesday and remains well supported around $1,900 mark. Today pair made intraday high at $1,916 and low at $1,882 mark. A
sustained close above $1,909 requires for the upside rally. On the other side, consistent close below $1,867 will check key supports as well. Key support levels are seen
around $1,857, $1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,887, $1,902, $1,914, $1,922, $1,927, $1,932, $1,940, $1,947,
$1,957 and $1,972 marks respec vely.
XAG/USD (Silver): Silver depreciates and touches $23.22 mark in opening hours. Today pair made intraday high at $24.50 and low at $23.22 mark. A sustained close
above $24.25 requires for upside rally. Key support levels are seen at $23.22, $22.90, $22.77, $22.40, $22.12, $21.90, $21.68, $21.22, $20.50 and $20.02 marks
respec vely. Key resistances are seen at $24.67, $24.85, $25.10, $25.53, $25.81 and $25.94 marks respec vely.

3. AUD / USD
REPORTFROM:TPGLOBALFXNOVEMBER,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 0.71776 S1 0.70656
Buy Above 0.71740
0.72076
0.70486
0.70486
0.70124
0.71740
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.72123 S2 0.70309
R3 0.72683 S3 0.69749
R4 0.73590 S4 0.68842
Conclusion
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0.71216

4. EUR / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75 Below MA
H 1
RIS (Period=26) Below RIS LEVEL 50
FIBO Levels PIVOT
R1 1.17381 S1 1.16493
Buy Above 1.17064
1.17341
1.15994
1.15994
1.15690
1.17064
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.17654 S2 1.16220
R3 1.18098 S3 1.15776
R4 1.18815 S4 1.15059
Conclusion
+1 7754 366 970
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1.16937
NOVEMBER,2020

5. GBP / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.30813 S1 1.29519
Buy Above 1.30885
1.31340
1.29043
1.29043
1.28538
1.30885
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31214 S2 1.29118
R3 1.31861 S3 1.28471
R4 1.32909 S4 1.27423
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.30166
NOVEMBER,2020

6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.32079 S1 1.31085
Buy Above 1.32988
1.33439
1.31752
1.31752
1.31390
1.32988
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32387 S2 1.30777
R3 1.32884 S3 1.30280
R4 1.33689 S4 1.29475
Conclusion
+1 7754 366 970
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1.31582
Trend Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
NOVEMBER,2020

7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 104.710 S1 104.430
Buy Above 104.968
105.094
104.524
104.524
104.364
104.968
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 104.797 S2 104.343
R3 104.937 S3 104.203
R4 105.164 S4 103.976
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
104.570
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
NOVEMBER,2020

8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1911.24 S1 1893.28
Buy Above 1911.01
1918.08
1879.73
1879.73
1872.11
1911.01
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1916.78 S2 1887.74
R3 1925.76 S3 1878.76
R4 S4 1864.24
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1902.26
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
1940.28
NOVEMBER,2020

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you!
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