DAILY ANALYSIS REPORT AUGUST 20 2021

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20 August 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Aussie con nues to fall a er RBA Assistant Governor Kent’s Comments, Asian stock markets mixed, gold hovers around $1,780 mark
Key Headlines:
• U.K. GFK Consumer Confidence stands at -8 vs -7 previous release.
• Japan Na onal Core CPI stands at -0.2 pct vs 0.2 pct previous release.
• The S&P 500 ended modestly higher in a choppy session on Thursday, with gains in tech shares countering losses in cyclical sectors, as investors took the pulse
of the economic rebound and gauged when the Federal Reserve might temper its monetary s mulus – Reuters.
• Three U.S. senators test posi ve for COVID-19 – Reuters.
• Israelis over 40 and teachers are now eligible for a third dose of the Pfizer/BioNTech COVID-19 vaccine, the health minister said on Thursday, hoping an
expansion of the booster campaign will fend off the coronavirus Delta variant – Reuters.
• The German government plans to designate parts of Greece and some areas of Ireland as high-risk areas, meaning unvaccinated travellers from those regions
would need to go into quaran ne for five days – Reuters.
• Tunisia will from Aug. 25 require 10 days of quaran ne for visitors who have not been fully vaccinated against COVID-19, a move to help keep the pandemic
under control as cases have begun to fall, the health ministry said on Thursday – Reuters.
• RBA Assistant Governor Kent - The Global Foreign Exchange Commi ee (GFXC) updated the FX Global Code.
• RBA Assistant Governor Kent - To ensure that the Code remains relevant and keeps pace with the evolu on of the market, the GFXC commi ed itself to
carefully reviewing the Code's principles periodically. The first of these reviews has just been completed.
• RBA Assistant Governor Kent - In total, 11 of the Code's 55 principles have been amended.
• RBNZ Gov Orr - Infla on and employment must be priori zed.
• RBNZ Gov Orr - Covid cases alone won't keep interest rates from being hiked.
• RBNZ Gov Orr - We need to con nue to move on policy and cannot wait for uncertainty to li .
Economic Data Ahead
• (0600 GMT/1130 IST) U.K. Retail Sales, previous 0.5, expected 0.2.
• (0600 GMT/1130 IST) German PPI, previous 1.3, expected 0.8.
• (1230 GMT/1800 IST) Canada Retail Sales, previous -2.1, expected 4.4.
• (1230 GMT/1800 IST) Canada Core Retail Sales, previous -2.0, expected 4.5.
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 0.01% to 93.58 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
0.7155
R2 S2
0.7190
R3 S3
0.7222
R4
Commentary
S4
0.7250
Buy Above 0.7155
0.7180
0.7121
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7115
0.7083
0.7141
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie weakens drastically after RBAAssistant Gov Kent’s comments and hits lowest
level since Nov, 2020. It made intraday high at $0.7156 and low at $0.7126 mark. A day chart and H1
chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7155 on
H1 chart requires for the upside rally.Alternatively, a consistent close below $0.7110 will check further
supports.
0.7115
0.7080
0.7050
0.7021

4. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3640
R2 S2
1.3676
R3 S3
1.3700
R4
Commentary
S4
1.3715
Buy Above 1.3642
1.3665
1.3615
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3605
1.3577
1.3635
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling depreciates sharply ahead of U.K.’s Retail Sales Data and hits lowest level
since July 2021. Today pair made intraday high at $1.3640 and low at $1.3617 mark. A day chart and
H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above $1.3640
on H1 chart will check key resistances. Alternatively, a consistent close below $1.3610 will check
further supports.
USD
1.3610
1.3590
1.3570
1.3540
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
1.1700
R2 S2
1.1728
R3 S3
1.1757
R4
Commentary
S4
1.1790
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-
Time Frame: H1
EUR/USD: The Euro remains almost unchanged on Friday and stabilizes below $1.17 mark. Today
pair made intraday high at $1.1685 and low at $1.1673. Today triple EMAon a day chart and H1 chart
suggest bearish trend for the time being. A consistent close above $1.1700 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 1.1700
1.1722
1.1671
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1662
1.1638
1.1690
– 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
1.2862
R2 S2
1.2900
R3 S3
1.2927
R4
Commentary
S4
1.2952
Buy Above 1.2866
1.2905
1.2832
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2811
1.2779
1.2852
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar spikes down sharply and hits lowest level since January 2021. Today
pair made intraday high at 1.2864 and low at 1.2814 mark. Today a day chart and H1 chart with triple
EMA suggests bullish trend for the time being. A sustained close above 1.2862 on H1 chart requires
for the upside rally.Alternatively, a consistent close below 1.2790 on H1 chart will check key supports
too.
USD /CAD
1.2690
1.2650
1.2622
1.2600
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
110.02
R2 S2
110.30
R3 S3
110.50
R4
Commentary
S4
110.78
Buy Above 109.92
110.12
109.68
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.50
109.23
109.74
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen remains slightly volatile on Friday after robust National Core CPI data
and hovers around 109.71 mark. The pair made intraday high at 109.88 and low at 109.63 mark. The
triple EMAon a day chart is down but H1 chart suggests up trend for the time being.Asustained close
above 110.02 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.57
on H1 will check further key supports.
USD /JPY
109.57
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 1792
1797
1785
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1778
1772
1786
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold moves in rigid boundaries and remains well supported above $1,770 mark.
Today U.S. calendar is totally empty but during U.S. session high volatility is expected in Gold too.
Today pair made intraday high at $1,785 and low $1,778 mark. A day chart is down but H1 chart with
triple EMA suggests slightly 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 $1,772 will check further supports.
XAU [GOLD]
USD
/
1772
1767
1762
1756
AUGUST,
2
021

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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