Daily Analysis Report February 03 2021

1. +1 7754 366 970
analysis@tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
03 February, 2021
Daily Analysis Report

2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Kiwi strengthens sharply on robust job data, Asian stock markets in green, gold hovers around $1,840 mark
Key Headlines:
• Australia AIG construc on index stands at 57.6 vs 55.3 previous release.
• Australia building approvals stands at 10.9 pct vs 3.4 pct previous release (expected 3.2).
• China Caixin services PMI stands at 52.0 vs 56.3 previous release (expected 55.5).
• New Zealand employment change stands at 0.6 pct vs -0.7 pct previous release.
• New Zealand Unemployment rate stands at 4.9 pct vs 5.3 pct previous release (expected 5.6).
• BoJ Deputy Governor Masazumi Wakatabe - The Bank of Japan’s policy review in March won’t lead to a withdrawal of monetary s mulus.
• RBA’s Gov Lowe - We’ll consider shi ing yield target from April 2024 bond to Nov 2024 later this year.
• RBA’s Gov Lowe - Cash rate will be maintained at 10Bps as long as is necessary.
• RBA’s Gov Lowe - There was a risk of upward pressure on Australian dollar if did not extend QE.
Economic Data Ahead:
• (0745 GMT/1315 IST) France Gov Budget balance, previous -176.8B.
• (0815 GMT/1345 IST) Spain Services PMI, previous 48.0, expected 45.1.
• (0845 GMT/1415 IST) Italy Services PMI, previous 39.7, expected 39.5.
• (0850 GMT/1420 IST) France final services PMI, previous 46.5, expected 46.5.
• (0855 GMT/1425 IST) German final services PMI, previous 46.8, expected 46.8.
• (0900 GMT/1430 IST) Euro Final services PMI, previous 45.0, expected 45.0.
• (0930 GMT/1500 IST) U.K. Final services PMI, previous 38.8, expected 38.8.
• (1000 GMT/1530 IST) Euro CPI flash es mate, previous -0.3, expected 0.6.
• (1000 GMT/1530 IST) Euro Core CPI flash es mate, previous 0.2, expected 0.9.
• (1000 GMT/1530 IST) Euro PPI, previous 0.4, expected 0.7.
• (1000 GMT/1530 IST) Italy Prelim CPI, previous 0.2, expected 0.2.
• (1315 GMT/1845 IST) U.S. ADP job data, previous -123K, expected 48K.
• (1445 GMT/2015 IST) U.S. Final Services PMI, previous 57.5, expected 57.4.
• (1500 GMT/2030 IST) U.S. ISM Services PMI, previous 57.2, expected 56.7.
Economic Events Ahead:
• All Day – OPEC - JMMC Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.15% to 91.06 points.

3. AUD / USD
BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
FEBRUARY,
2
021
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
0.7640
R2 S2
0.7712
R3 S3
0.7776
R4
Commentary
S4
0.7854
Buy Above 0.76411
0.76751
0.76042
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.75901
0.75629
0.76242
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie remains unchanged despite RBA Gov Lowe’s speech. There was nothing
new in the speech, which makes the AUD volatile but can take his words to predict future
movement. The pair made intraday high at $0.7620 and low at $0.7601 mark. Here both RSI and
EMA confirm the bearish trend on H1 chart, while triple EMA still confirms upside movement on a
Day Chart. A sustained close above $0.7640 will check key resistances. Alternatively, reversal
from hey resistance will drag the parity back below $0.7570 mark.
0.7602
0.7590
0.7520
0.7500

4. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
1.3682
R2 S2
1.3740
R3 S3
1.3762
R4
Commentary
S4
1.3802
Buy Above 1.36859
1.37108
1.36568
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.36488
1.36177
1.36846
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The pound continues to trade in stiff boundaries and remains well supported below
$1.37 mark. Both RSI and triple EMA support down trend on H1 chart. The key boundaries for the
parity will be $1.3682 and $1.3648 mark. A sustained close of either side will get further directions
to the parity.
GBP /
USD
1.3648
1.3622
1.3600
1.3552
FEBRUARY,
2
021

5. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2087
R2 S2
1.2120
R3 S3
1.2162
R4
Commentary
S4
1.2232
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro trades flat on Wednesday and hovers around $1.2040 mark. On a day chart,
triple EMA is about to crossover which will signify bearish trend while H1 chart has already
confirmed the bearish trend. Today various key economic indicators are schedule to release from
the euro zone, which will provide further direction to the parity.
EUR / USD
1.2040
1.2001
1.1962
1.1922
FEBRUARY,
2
021
Buy Above 1.20683
1.20934
1.20421
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.20266
1.20028
1.20511
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50

6. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary
Trends Down Trend
Moving Average (Period=75A) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2790
R2 S2
1.2840
R3 S3
1.2882
R4
Commentary
S4
1.2902
Buy Above 1.28097
1.28381
1.27805
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.27596
1.27375
1.27868
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar moves in rigid boundaries on Wednesday and stabilizes around
1.2780 mark. On a day chart and H1 chart, triple EMA and RSI support the bearish trend. The key
range for the day will be 1.2790 and 1.2765 mark. A sustained close of either side will only provide
further direction of the parity.
USD /CAD
1.2765
1.2735
1.2690
1.2647
FEBRUARY,
2
021

7. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
105.42
R2 S2
105.94
R3 S3
106.26
R4
Commentary
S4
106.50
Buy Above 105.092
105.236
104.939
– Take Profit
– Stop Loss
Trade Idea
Sell Below 104.846
104.606
105.105
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen falls gradually against U.S. dollar and jumps back above 105.00
mark. Here the triple EMA as well as RSI confirm the uptrend for the time being. On the top side,
key hurdle seen at 105.42 mark. A sustained close above requires for the upside rally.
Alternatively, reversal will check key supports too.
USD /JPY
104.90
104.22
103.60
102.92
FEBRUARY,
2
021

8. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
1847
R2 S2
1854
R3 S3
1862
R4
Commentary
S4
1876
Buy Above 1850.65
1858.42
1842.38
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1833.68
1828.85
1839.24
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold depreciated sharply on previous session and touched $1,829 mark.
Today pair recovers a little bit and jumps back above $1,840 mark. On a Day Chart, both RSI and
EMA signal the bearish trend. A consistent close above $1,847 on H1 chart may bring some
upside rally. Alternatively, a sustained close below $1,828 will check further key hurdles. Important
to keep in mind, as U.S. has scheduled to release ADP Employment Change results and ISM
services PMI data. It will bring market volatility and provides further
XAU [GOLD]
USD
/
1832
1828
1820
1812
FEBRUARY,
2
021

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
L
O
B
A
L
F
X
/tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx
that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently,
investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such
trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading,
to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this
website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your
personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of
Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and
operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does
not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note