DAILY ANALYSIS REPORT AUGUST 19 2021

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19 August 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: U.S. Dollar strengthens sharply against major peers a er FOMC Mee ng Minutes, Asian Stock markets in red, gold hovers around $1,780 mark
Key Headlines:
• Australia Employment Change stands at 2.2K vs 29.1K previous release.
• Australia Unemployment rate stands at 4.6 pct vs 4.9 pct previous release.
• Wall Street's main indexes slid on Wednesday, with the S&P 500 falling over 1%, a er the release of minutes from the Federal Reserve's policy mee ng last
month showed officials felt the employment benchmark for decreasing support for the economy "could be reached this year." – Reuters.
• The bulk of the Federal Reserve's policy-se ng commi ee is coalescing around a plan that would see the U.S. central bank start trimming its bond-buying
program later this year, and reduce purchases of Treasury securi es and mortgage-backed securi es (MBS) "propor onally" so they end at the same me –
Reuters.
• President Joe Biden's administra on will require nursing home staff to be vaccinated against COVID-19 as a condi on of par cipa ng in the Medicare and
Medicaid programs, the White House said on Wednesday – Reuters.
Economic Data Ahead
• (0600 GMT/1130 IST) Swiss Trade balance, previous 5.53B, expected 4.78B.
• (0800 GMT/1330 IST) Euro Current account, previous 11.7B, expected 12.3B.
• (1230 GMT/1800 IST) U.S. Philly Fed manufacturing index, previous 21.9, expected 23.2.
• (1230 GMT/1800 IST) U.S. Unemployment Claims weekly, previous 375K, expected 362K.
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 0.24% to 93.36 points.

3. AUD / USD
BUY SELL
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AUGUST,
2
021
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
0.7228
R2 S2
0.7250
R3 S3
0.7278
R4
Commentary
S4
0.7299
Buy Above 0.7232
0.7257
0.7212
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7192
0.7171
0.7218
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie falls sharply in early Asia despite higher than expected employment change
results. The actual job results are lower than the previous data release but bits the expectations too. It
is the lowest level since Nov 05, 2020. It made intraday high at $0.7242 and low at $0.7205 mark. A
day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close
above $0.7228 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.7192 will check further supports.
0.7190
0.7168
0.7140
0.7115

4. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3748
R2 S2
1.3774
R3 S3
1.3801
R4
Commentary
S4
1.3837
Buy Above 1.3750
1.3774
1.3720
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3699
1.3670
1.3727
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling trades marginally lower and hovers around $1.3720 mark. Today pair made
intraday high at $1.3758 and low at $1.3711 mark. A day chart and H1 chart with triple EMA suggests
bearish trend for the time being. A sustained close above $1.3748 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.3702 will check further supports.
USD
1.3702
1.3683
1.3661
1.3640
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2
021

5. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1728
R2 S2
1.1758
R3 S3
1.1776
R4
Commentary
S4
1.1790
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Time Frame: H1
EUR/USD: The Euro spikes down sharply after U.S. FOMC Meeting Minutes released overnight and
slip below $1.17 mark. Today pair made intraday high at $1.1716 and low at $1.1674. Today triple
EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above
$1.1728 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1672 on
H1 chart will check further supports.
EUR / USD
1.1672
1.1648
1.1627
1.1604
Buy Above 1.1702
1.1727
1.1676
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1662
1.1640
1.1698
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2
021

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
1.2712
R2 S2
1.2728
R3 S3
1.2750
R4
Commentary
S4
1.2782
Buy Above 1.2710
1.2729
1.2681
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2676
1.2651
1.2705
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar depreciates sharply on Thursday and touches 1.2695 mark. Today
pair made intraday high at 1.2696 and low at 1.2646 mark. Today a day chart and H1 chart with triple
EMA suggests bullish trend for the time being. A sustained close above 1.2712 on H1 chart requires
for the upside rally.Alternatively, a consistent close below 1.2650 on H1 chart will check key supports
too.
USD /CAD
1.2650
1.2622
1.2600
1.2580
AUGUST,
2
021

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
110.30
R2 S2
110.50
R3 S3
110.78
R4
Commentary
S4
111.06
Buy Above 110.30
110.55
110.02
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.95
109.73
110.15
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen depreciates on Thursday and jumps back above 110.00 mark. The pair
made intraday high at 110.14 and low at 109.75 mark. The triple EMA on a day chart is down but H1
chart suggests up trend for the time being. A sustained close above 110.30 on H1 chart requires for
the upside rally.Alternatively, a consistent close below 109.75 on H1 will check further key supports.
USD /JPY
109.75
109.40
109.10
108.82
AUGUST,
2
021

8. 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
1794
R2 S2
1801
R3 S3
1808
R4
Commentary
S4
1814
Buy Above 1789
1795
1782
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1771
1764
1778
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained volatile in previous session after mixed U.S. fundamentals
released yesterday. Today pair made intraday high at $1,792 and low $1,785 mark. A day chart is
down but H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$1,794 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,782 will
check further supports.The key event for the day will be U.S. FOMC Meeting Minutes.
XAU [GOLD]
USD
/
1772
1767
1762
1756
AUGUST,
2
021

9. Thank
you!
Info@tpglobalfx.com
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