Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
08 September, 2020

+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen remains almost unchanged a er current account, final GDP data; most Asian stock markets in green; gold hovers around $1,930 mark
Asian Headlines:
• U.K. BRC retail sales monitor stands at 4.7 pct vs 4.3 pct previous release (expected 3.5).
• Japan average cash earnings stands at -1.3 pct vs -2.0 pct previous release (expected -1.6).
• Japan household spending stands at -7.6 pct vs -1.2 pct previous release.
• Japan Current account stands at 0.96T vs 1.05T previous release (expected 1.44T).
• Japan final GPD q/q stands at -7.9 pct vs -7.8 pct previous release (expected -8.1).
• Australia NAB business confidence stands at -8 vs -14 previous release.
Economic Data Ahead:
• (0200 ET/0600 GMT) German trade balance, previous 14.5, expected 14.9B.
• (0245 ET/0645 GMT) France trade balance, previous -8.0B, expected -7.0B.
• (0400 ET/0800 GMT) Italy retail sales, previous 12.1, expected 1.1 pct.
• (0500 ET/0900 GMT) Euro final employment change, previous -2.8, expected -2.8.
• (0500 ET/0900 GMT) Euro revised GDP q/q, previous -12.1, expected -12.1.
• (0600 ET/1000 GMT) U.S. NFIB small business index, previous 98.8, expected 99.0.
• (1000 ET/1400 GMT) U.S. IBD/TIPP economic op mism, previous 46.8, expected 47.3.
Economic Events Ahead:
• No key events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.44% to 93.13.
USD/JPY: The Japanese yen trades flat against U.S. dollar a er mixed economic data. A sustained close above 106.56 will take the parity higher towards key resistance
around 106.92, 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 105.40 will drag the parity down
towards 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie trades flat a er NAB business confidence data. The pair made intraday high at $0.7286 and low at $0.7271 marks. On the top side key resistances
are seen at $0.7298, $0.7340, $0.7370, $0.7422, $0.7462 and $0.7502 mark respec vely. On the other hand, a consistent close below $0.7271 will take the parity down
towards key supports around $0.7257, $0.7190, $0.7158, $0.7123, $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi con nues to trade in rigid boundaries and slips below $0.6685 mark. Pair made intraday high at $0.6697 and low at $0.6684 mark. Key resistances are
seen at $0.6740, $0.6770, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6690 will drag the parity down towards key
supports around $0.6684, $0.6620, $0.6547, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee reverses previous gain against U.S. dollar and stabilizes back above 73.00 mark. The pair made intraday high at 73.61 and low at 73.40. A
sustained close below 73.02 marks will drag the parity down towards 72.88, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 73.76,
74.10, 74.37, 74.70, 75.02, 75.20 and 75.39 marks respec vely.
EUR/USD: The euro remains flat ahead of ECB interest rate decision. The pair made intraday high at $1.1821 and low at $1.1795 mark. A sustained close above $1.1936
tests key resistances at $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1787 will target key supports
around $1.1737, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The sterling falls no ceably a er Brexit deal back on discussion. A sustained close above $1.3280 will drag the parity up towards $1.3350, $1.3382, $1.3422,
$1.3442 and $1.3515 mark respec vely. Key support levels are seen at $1.3102, $1.3062, $1.3009, $1.2950, $1.2838 and $1.2775 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades flat in the absence of major economic data from the U.S. session. Today pair made intraday high at $1,932 and low at $1,922 mark. A
sustained close above $2,001 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,922,
$1,910, $1,902, $1,890, $1,862, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,932, $1,940, $1,947, $1,958, $1,970, $1,982, $1,994,
$2,008, 2,020, 2,038 and $2,063 marks respec vely.
XAG/USD (Silver): Silver consolidates around $26.90 mark. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $26.53, $26.12, $25.53,
$25.02, $24.70, $23.41, $23.24 and $23.02 marks respec vely. Key resistances are seen at $27.22, $27.70, $28.12, $28.84, $28.97, $29.13 and $29.55 marks respec vely.

AUD / USD
REPORTFROM:TPGLOBALFXSEPTEMBER,2020
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 0.72917 S1 0.72703
Buy Above 0.72972
0.73123
0.72634
0.72634
0.72447
0.72972
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.72983 S2 0.72637
R3 0.73090 S3 0.72530
R4 0.73263 S4 0.72357
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.72810

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 1.18381 S1 1.18099
Buy Above 1.18348
1.18503
1.17838
1.17838
1.17687
1.18348
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18467 S2 1.18013
R3 1.18608 S3 1.17872
R4 1.18835 S4 1.17645
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.18240
SEPTEMBER,2020

GBP / 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 1.32376 S1 1.31410
Buy Above 1.32247
1.32534
1.31032
1.31032
1.30706
1.32247
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32675 S2 1.31111
R3 1.33158 S3 1.30628
R4 1.33940 S4 1.29846
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.31893
SEPTEMBER,2020

USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.31130 S1 1.30590
Buy Above 1.31265
1.31482
1.30755
1.30755
1.30497
1.31265
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31298 S2 1.30422
R3 1.31568 S3 1.30152
R4 1.32006 S4 1.29714
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.30860
Trend Up Trend
Moving Average (Period=75) Above Above MA
RIS (Period=26) Above RIS LEVEL 50
SEPTEMBER,2020

USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 106.350 S1 106.156
Buy Above 106.386
106.489
106.149
106.149
106.037
106.386
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 106.409 S2 106.097
R3 106.506 S3 106.000
R4 106.662 S4 105.844
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
106.253
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
SEPTEMBER,2020

XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1937.86 S1 1925.00
Buy Above 1935.88
1939.42
1919.37
1919.37
1912.43
1935.88
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1941.83 S2 1921.03
R3 1948.26 S3 1914.60
R4 S4 1904.20
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1931.43
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1958.66
SEPTEMBER,2020

Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
/tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx
that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently,
investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such
trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading,
to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this
website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your
personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of
Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and
operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does
not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note