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18 January, 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar remains vola le against major peers, Asian stock markets mixed, gold hovers around $1,840 mark
Key Headlines:
• US banks will be closed in observance of Mar n Luther King Day.
• Japan revised industrial produc on stands at -0.5 pct vs 0.0 pct previous release.
• U.K. Rightmove HPI m/m stands at -0.9 pct vs -0.6 pct previous release.
• China’s robust GDP figure indicates recovery of economy in last quarter of 2020.
• China GDP stands at 6.5 pct vs 4.9 pct previous release (expected 6.2).
• China retail sales stands at 4.6 pct vs 5.0 pct previous release (expected 5.5).
• China unemployment remains unchanged at 5.2 pct.
• Singapore trade balance stands at 6.200B vs 3.930B previous release.
• Biden may cancel Keystone XL pipeline permit as soon as his first day in office – Source.
• China reports more than 100 Covid cases as new strains con nue in northeast.
• Japan may face poli cal uncertain es as people in Japan disapproving Suga’s government for ac ng too slow in pandemic.
Economic Data Ahead:
• (1315 GMT/1845 IST) Canada housing start, previous 246K, expected 230K.
Economic Events Ahead:
• All Day Eurogroup Mee ngs.
• (1330 GMT/1900 IST) U.K. BOE Governor Bailey’s Speech.
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 90.86 points.

AUD / USD
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 S10.7799
R2 S20.7820
R3 S30.7854
R4
Commentary
S40.7878
Buy Above 0.77158
0.77549
0.76804
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.76741
0.76449
0.77121
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie reverses previous gain and slips back below $0.77 mark. On a 60 – minute
timeframe, a consistent close above $0.7799 requires for the upside rally. Alternatively, current
downside trend will take the parity back below $0.7660 mark. The MA still supporting the upside
trend in long run.
0.7660
0.7590
0.7520
0.7436

BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26)
FIBO Levels PIVOT
R1 S11.2150
R2 S21.2198
R3 S31.2232
R4
Commentary
S41.2265
Buy Above 1.21089
1.21319
1.20524
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.20569
1.20166
1.21038
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
EUR/USD: The euro weakens on Monday and stabilizing well below $1.2100 mark. The pair faces
key hurdle at $1.2150 mark and sustained close above will tests key resistances too. On a daily
time frame, both RSI and MA support the downside trend for the time being and consistent close
below $1.2067 mark will check key supports.
EUR / USD
1.2067
1.2022
1.1962
1.1911
Below RSI LEVEL 50

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 S11.3605
R2 S21.3654
R3 S31.3720
R4
Commentary
S41.3776
Buy Above 1.36029
1.36419
1.35669
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.35446
1.35140
1.35918
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The pound depreciates ahead of BOE governor Bailey’s speech. The likely trend for
the parity will be bearish. The key boundaries for the day will be $1.3605 and $1.3552 mark. A
sustained close of either side on hourly chart will provide further direction to the parity.
GBP / USD
1.3552
1.3522
1.3490
1.3448

BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75A) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.2783
R2 S21.2812
R3 S31.2853
R4
Commentary
S41.2906
Buy Above 1.28043
1.28342
1.27746
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.27381
1.27016
1.27787
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The Canadian dollar exhibits range bound movement against U.S. dollar and stabilizes
back above $1.2750 mark. The pair made intraday high at 1.2784 and low at 1.2725 mark. The
technical tools like RSI confirms the upside trend but MA still signals the downside trend in long
run.
USD /CAD
1.2709
1.2667
1.2625
1.2587

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 103.874
104.057
103.672
– Take Profit
– Stop Loss
Trade Idea
Sell Below 103.607
103.420
103.823
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen starts a new week on upbeat note and hovers around 103.75 mark.
A sustained close above 104.22 requires for the upside rally. Technical indicators like RSI, MA
both indicate downside trend for the time being. Alternatively, a consistent close below 103.52 will
test key supports too.
USD /JPY
103.52
102.90
102.45
102.10

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 S11840
R2 S21848
R3 S31857
R4
Commentary
S41865
Buy Above 1843.98
1850.75
1833.49
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1825.87
1820.78
1831.88
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
XAU/USD (GOLD): Gold spikes down in opening hours but recovers immediately from $1,802
mark. On a daily timeframe, 10D, 20D and 50D EMA confirms the bearish trend. The key ranges
for the gold will be $1,840 - $1,802 mark. A sustained close of either side will give further direction
to the parity.
XAU [GOLD]USD/
1802
1794
1785
1776

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you!
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