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31 August 2021
Daily Analysis Report
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Asian Bulle n: Japanese yen trades marginally higher a er strong economic results, Asian stock markets mixed, gold remains well supported above $1,810 mark
Key Headlines:
⢠Japan unemployment rate stands at 2.8 pct vs 2.9 pct previous release.
⢠Japan Prelim Industrial produc on stands at -1.5 pct vs 6.5 pct previous release.
⢠China Manufacturing PMI stands at 50.1 vs 50.4 previous release.
⢠China Non Manufacturing PMI stands at 47.5 vs 53.3 previous release.
⢠Australia Current Account stands at 20.5B vs 18.9B previous release.
⢠The S&P 500 and Nasdaq topped their record closes once again on Monday, bolstered by technology stocks, as last week's dovish comments from the Federal
Reserve on tapering its monetary s mulus refocused investors' minds on economic growth â Reuters.
⢠Cleveland Federal Reserve Bank President Lore a Mester said on Monday that the U.S. economy is recovering strongly but she is not yet convinced that recent
inďŹa on readings will be enough to sa sfy the price stability goal the U.S. central bank revamped a year ago â Reuters.
⢠The World Trade Organiza on said on Monday it would review a long-standing dispute between the China and the United States on Beijing's use of import
controls for rice, wheat and corn â Reuters.
⢠An advisory panel to the U.S. Centers for Disease Control and Preven on (CDC) on Monday unanimously recommended the PďŹzer Inc and BioNTech COVID-19
vaccine for people over age 16, an important step a er the vaccine gained full U.S. approval by the Food and Drug Administra on last week â Reuters.
⢠India's rising output of COVID-19 vaccines and the inocula on of more than half its adult popula on with at least one dose are raising hopes the country will
return as an exporter within months, ramping up from early next year â Reuters.
⢠Afghanistan's healthcare system is at risk of collapse, two major aid agencies told Reuters, a er foreign donors stopped providing aid following the Taliban
takeover â Reuters.
Economic Data Ahead:
⢠(0645 GMT/1215 IST) Euro France Consumer Spending, previous 0.3, expected 0.7.
⢠(0645 GMT/1215 IST) Euro France Prelim CPI, previous 0.1, expected 0.4.
⢠(0755 GMT/1325 IST) German unemployment change, previous -91K, expected -40K.
⢠(0830 GMT/1400 IST) U.K. mortgage Approval, previous 81K, expected 79K.
⢠(0900 GMT/1430 IST) Euro CPI Flash Es mate, previous 2.2, expected 2.7.
⢠(0900 GMT/1430 IST) Euro Core CPI Flash Es mate, previous 0.7, expected 1.5.
⢠(1230 GMT/1800 IST) Canada GDP, previous -0.3.
⢠(1345 GMT/1915 IST) U.S. Chicago PMI, previous 73.4, expected 68.0.
⢠(1400 GMT/1930 IST) U.S. CB Consumer ConďŹdence, previous 129.1, expected 123.3.
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 0.01% to 92.66 points.
3. AUD / USD
BUY SELL
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AUGUST,
2
021
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
0.7321
R2 S2
0.7340
R3 S3
0.7372
R4
Commentary
S4
0.7405
Buy Above 0.7320
0.7350
0.7280
â Take Profit
â Stop Loss
Trade Idea
Sell Below 0.7272
0.7241
0.7300
â Take Profit
â Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie remains almost unchanged after lower than expected current account data
and stabilizes below $0.7300 mark. It made intraday high at $0.7302 and low at $0.7288 mark. A day
chart is down while H1 chart with triple EMA suggests up trend for the time being. A sustained close
above $0.7315 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.7290 will check further supports.
0.7290
0.7270
0.7237
0.7210
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1830
R2 S2
1.1854
R3 S3
1.1876
R4
Commentary
S4
1.1904
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-
Time Frame: H1
EUR/USD: The Euro appreciates sharply ahead of CPI, Core CPI results and jumps back above
$1.1800 mark. Today pair made intraday high at $1.1811 and low at $1.1793. Today triple EMA on a
day chart is down while H1 chart suggest bullish trend for the time being. A consistent close above
$1.1830 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1785 on
H1 chart will check further supports.
EUR / USD
1.1785
1.1762
1.1737
1.1697
Buy Above 1.1820
1.1852
1.1790
â Take Profit
â Stop Loss
Trade Idea
Sell Below 1.1780
1.1749
1.1817
â Take Profit
â Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
AUGUST,
2
021
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3780
R2 S2
1.3815
R3 S3
1.3850
R4
Commentary
S4
1.3876
Buy Above 1.3782
1.3810
1.3760
â Take Profit
â Stop Loss
Trade Idea
Sell Below 1.3740
1.3710
1.3775
â Take Profit
â Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling appreciates on Monday despite UK banks will be closed in observance of the
Summer Bank Holiday. Today pair made intraday high at $1.3773 and low at $1.3749 mark. A day
chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close
above $1.3780 on H1 chart will check key resistances.Alternatively, a consistent close below $1.3750
will check further supports.
USD
1.3750
1.3718
1.3700
1.3680
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
1.2650
R2 S2
1.2690
R3 S3
1.2715
R4
Commentary
S4
1.2754
Buy Above 1.2631
1.2660
1.2591
â Take Profit
â Stop Loss
Trade Idea
Sell Below 1.2581
1.2551
1.2617
â Take Profit
â Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar moves in rigid boundaries ahead of GDP data and consolidates
around 1.2600 mark. Today pair made intraday high at 1.2625 and low at 1.2599 mark. Today a day
chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close
above 1.2630 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2585
on H1 chart will check key supports too.
USD /CAD
1.2585
1.2558
1.2540
1.2510
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
110.22
R2 S2
110.50
R3 S3
110.78
R4
Commentary
S4
110.99
Buy Above 110.00
110.22
109.72
â Take Profit
â Stop Loss
Trade Idea
Sell Below 109.70
109.52
109.95
â Take Profit
â Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen rises on Tuesday after unemployment rate gets lower and stabilizes
below 110.00 mark. The pair made intraday high at 109.98 and low at 109.83 mark. The triple EMAon
a day chart and H1 chart suggests bearish trend for the time being.Asustained close above 110.01 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 109.50 on H1 chart will
check further key supports.
USD /JPY
109.70
109.50
109.24
109.00
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
1821
R2 S2
1827
R3 S3
1832
R4
Commentary
S4
1838
Buy Above 1818
1823
1810
â Take Profit
â Stop Loss
Trade Idea
Sell Below 1807
1801
1814
â Take Profit
â Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades marginally higher on Tuesday ahead of U.S. Chicago PMI data and
stabilizes above $1,810 mark. Today pair made intraday high at $1,815 and low at $1,809 mark.Aday
chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close
above $1,821 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,809
will check further supports.
XAU [GOLD]
USD
/
1806
1802
1796
1791
AUGUST,
2
021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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