DAILY ANALYSIS REPORT AUGUST 24 2021

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24 August 2021
Daily Analysis Report

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Asian Bulle n: CAD strengthened sharply in previous session and gave more than 180 PIP vola lity, Asian stock markets in green, gold back above $1,800 mark
Key Headlines:
• New Zealand retail sales stand at 3.3 pct vs 2.8 pct previous release.
• New Zealand Core Retail Sales stand at 3.4 pct vs 3.5 pct previous release.
• Energy and technology stocks powered the S&P 500 and the Nasdaq to record highs on Monday as investors returned to riskier assets a er last week's selloff
and Pfizer-BioNtech's COVID-19 vaccine got full U.S. approval – Reuters.
• The U.S. Securi es and Exchange Commission (SEC) has started to issue new disclosure requirements to Chinese companies seeking to list in New York as part
of a push to boost investor awareness of the risks involved, according to a document reviewed by Reuters and people familiar with the ma er – Reuters.
• Health officials in Teton County, Wyoming, announced last Thursday what was in part an administra ve change, swapping a local five-point index for assessing
COVID-19 risk for a four-point scale used by the U.S. Centers for Disease Control and Preven on – Reuters.
• The Food and Drug Administra on on Monday approved Cara Therapeu cs's drug to treat moderate-to-severe itching in pa ents with chronic kidney disease
undergoing dialysis, making it the first U.S.-approved therapy for the ailment – Reuters.
• White House press secretary Jen Psaki said a review on the origins of COVID-19 sought by U.S President Joe Biden is expected to be complete by Tuesday's
deadline but it will take a "few days" to put together an unclassified version for the public – Reuters.
• The COVID-19 vaccine developed by Pfizer Inc and German partner BioNTech SE became the first to secure full approval from the U.S Food and Drug
Administra on on Monday – Reuters.
Economic Data Ahead :
• (0600 GMT/1130 IST) German Final GDP, previous 1.5, expected 1.5.
• (1230 GMT/1800 IST) Canada Corporate Profit, previous 18.1.
• (1400 GMT/1930 IST) U.S. New Home Sales, previous 676K, expected 698K.
• (1400 GMT/1930 IST) U.S. Richmond Manufacturing Index, previous 27, expected 25.
Economic Events Ahead:
• (0900 GMT/1430 IST) U.K. MPC member Tenreyro Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.09% to 93.04 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
0.7238
R2 S2
0.7270
R3 S3
0.7290
R4
Commentary
S4
0.7324
Buy Above 0.7238
0.7265
0.7210
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7192
0.7167
0.7217
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie recovers sharply from previous losses and jumps back above $0.7200 mark. It
made intraday high at $0.7221 and low at $0.7200 mark.Aday chart is down while H1 chart with triple
EMAsuggests bullish trend for the time being.Asustained close above $0.7238 on H1 chart requires
for the upside rally.Alternatively, a consistent close below $0.7190 will check further supports.
0.7190
0.7170
0.7140
0.7102

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1750
R2 S2
1.1776
R3 S3
1.1804
R4
Commentary
S4
1.1827
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-
Time Frame: H1
EUR/USD: The Euro trades in narrow range on Tuesday and hovers around $1.1750 mark. Today pair
made intraday high at $1.1749 and low at $1.1734. Today triple EMA on a day chart is down while H1
chart suggest bullish trend for the time being. A consistent close above $1.1750 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.1710 on H1 chart will check further
supports.
EUR / USD
1.1690
1.1672
1.1648
1.1627
Buy Above 1.1751
1.1772
1.1730
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1723
1.1700
1.1741
– 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

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3738
R2 S2
1.3770
R3 S3
1.3812
R4
Commentary
S4
1.3840
Buy Above 1.3730
1.3765
1.3700
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3692
1.3662
1.3721
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling recovers sharply from previous losses and remains well supported above
$1.3700 mark. Today pair made intraday high at $1.3726 and low at $1.3706 mark. A day chart is
down and H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above
$1.3738 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3696 will
check further supports.
USD
1.3696
1.3680
1.3657
1.3622
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
AUGUST,
2
021

6. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2687
R2 S2
1.2725
R3 S3
1.2754
R4
Commentary
S4
1.2787
Buy Above 1.2670
1.2700
1.2643
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2630
1.2599
1.2660
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar strengthened extremely in previous session and today touches
1.2643 mark in early Asian hours. Today pair made intraday high at 1.2657 and low at 1.2643 mark.
Today a day chart and H1 chart with triple EMA suggests bullish trend for the time being. A sustained
close above 1.2687 on H1 chart requires for the upside rally. Alternatively, a consistent close below
1.2640 on H1 chart will check key supports too.
USD /CAD
1.2640
1.2612
1.2590
1.2550
AUGUST,
2
021

7. BUY SELL
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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
110.02
R2 S2
110.30
R3 S3
110.50
R4
Commentary
S4
110.78
Buy Above 109.86
110.10
109.65
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.55
109.37
109.76
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades flat on Tuesday and hovers around 109.70 mark. The pair made
intraday high at 109.77 and low at 109.64 mark. The triple EMAon a day chart and H1 chart suggests
bearish trend for the time being. A sustained close above 109.86 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
1806
R2 S2
1812
R3 S3
1819
R4
Commentary
S4
1825
Buy Above 1807
1814
1799
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1796
1790
1804
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold spikes up and hits fresh 3 – week high at $1,806 mark during Asian hours.
Today pair made intraday high at $1,806 and low $1,800 mark. A day chart is down but H1 chart with
triple EMA suggests slightly up trend for the time being. A sustained close above $1,806 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,798 will check further supports.
XAU [GOLD]
USD
/
1798
1791
1786
1781
AUGUST,
2
021

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