Daily Analysis Report February 10, 2021

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10 February, 2021
Daily Analysis Report

2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar trades marginally lower against major peers ahead of U.S. Fed Chair Powell’s speech, Most Asian stock markets in green, gold up
Key Headlines:
• Australia Westpac consumer sen ment stands at 1.9 pct vs -4.5 pct previous release.
• Japan PPI stands at -1.6 pct vs -2.0 pct previous release (expected -1.6).
• China CPI stands at -0.3 pct vs 0.2 pct previous release (expected 0.0 pct).
• China PPI stands at 0.3 pct vs -0.4 pct previous release (expected 0.3).
• China Foreign Direct investment stands at 4.6 pct vs 6.2 pct previous release.
• South Korea unemployment rate stands at 5.4 pct vs 4.6 pct previous release.
• Japan PM Suga – Corona Virus vaccina on to begin middle of the next week.
• BoJ Nakamura – Japan economy trend improving.
• North Korean leader Kim Jong Un ordered the paths for his ruling Workers’ Party to take with South Korea and external affairs – State Media KCNA.
• U.S. Lawmakers introduced two bills to help Black farmers, worth of $5 billion Emergency Relief for Farmers of Color Act.
• Italy’s poli cal party posi ve over Draghi, a former head of the European Central Bank.
Economic Data Ahead:
• (0700 GMT/1230 IST) German final CPI, previous 0.8, expected 0.8.
• (0745 GMT/1315 IST) France industrial produc on stands at -0.9 pct vs 0.4 pct previous release.
• (1330 GMT/1900 IST) U.S. CPI, previous 0.4, expected 0.3.
• (1330 GMT/1900 IST) U.S. Core CPI, previous 0.1, expected 0.2.
Economic Events Ahead:
• (1700 GMT/2230 IST) U.K. BOE Gov Bailey Speaks.
• (1900 GMT/0030 IST) U.S. Fed Chair Powell Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.05% to 90.40 points.

3. AUD / USD
BUY SELL
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FEBRUARY,
2
021
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
0.7743
R2 S2
0.7799
R3 S3
0.7820
R4
Commentary
S4
0.7878
Buy Above 0.77515
0.77731
0.77267
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77108
0.76840
0.77406
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie rises gradually against U.S. dollar on the back of strong Westpac
consumer sentiment data. Here triple EMA as well as RSI confirm the bullish trend in short run.
The pair made intraday high at $0.7743 and low at $0.7724 mark. A sustained close above
$0.7750 on a Day chart requires for the upside rally. On the bottom side, key hurdle is seen at
$0.7690 mark.
0.7690
0.7638
0.7590
0.7522

4. 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
1.3840
R2 S2
1.3876
R3 S3
1.3932
R4
Commentary
S4
1.3967
Buy Above 1.38403
1.38618
1.38142
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.38034
1.37838
1.38330
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The pound rises remarkably and touches $1.3827 mark. Today BOE Gov Bailey is
scheduled to speak at 1700 GMT. Here the technical indicators like RSI and EMA confirm the
bullish trend. The key boundaries for the parity will be $1.3876 to $1.3750 mark. A successful
close of either side on a Day Chart will provide further direction to the parity.
USD
1.3750
1.3600
1.3637
1.3590
FEBRUARY,
2
021
GBP/

5. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2170
R2 S2
1.2224
R3 S3
1.2262
R4
Commentary
S4
1.2323
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-
Time Frame: H1
EUR/USD: The euro strengthens on Wednesday and jumps back above $1.21 mark in Asian
hours. On H1 chart, bullish trend in observed while on a Day chart, triple EMA is about to
crossover for the bullish pattern. Key boundaries for the parity will be $1.2170 to $1.2100 mark. A
consistent break of either side on hourly chart will provide further directions to the parity.
EUR / USD
1.2100
1.2044
1.1961
1.1900
FEBRUARY,
2
021
Buy Above 1.21377
1.21605
1.21056
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.20990
1.20764
1.21235
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50

6. BUY SELL
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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
1.2784
R2 S2
1.2850
R3 S3
1.2902
R4
Commentary
S4
1.2934
Buy Above 1.27311
1.27603
1.27002
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26791
1.26477
1.27182
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar recovers previous losses and slip back below 1.27 mark. Both
RSI and triple EMA confirm the bearish trend on a Day as well as H1 chart. A consistent break
below 1.2690 requires for the downside rally.
USD /CAD
1.2690
1.2630
1.2600
1.2570
FEBRUARY,
2
021

7. 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
104.77
R2 S2
105.20
R3 S3
105.68
R4
Commentary
S4
106.50
Buy Above 104.746
105.003
104.462
– Take Profit
– Stop Loss
Trade Idea
Sell Below 104.403
104.150
104.653
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen remains slightly volatile after PPI results and hovers around 104.50
mark. On H1 chart, RSI and triple EMA suggest bearish trend but for that consistent close below
104.50 is required. Alternatively, reversal from here will drag the parity back above 105.00 mark.
On a Day Chart, EMA still suggests bullish trend, simply signifies the trend reversal for the time
being.er supports. Alternatively, reversal from here will drag the parity back above 105.50 mark.
USD /JPY
104.50
104.22
103.60
102.92
FEBRUARY,
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
1847
R2 S2
1854
R3 S3
1862
R4
Commentary
S4
1870
Buy Above 1850.53
1857.48
1842.21
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1834.01
1826.95
1842.62
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold strengthens on weak U.S. dollar and remains well supported above
$1,830 mark. The pair made intraday high at $1,845 and low at $1,834 mark. The key event for
the day is U.S. Fed Chair Powell’s speech. It will bring market volatility as well as provides further
direction to the parity. On a Day Chart, triple EMA signals the bearish trend, while on H1 chart,
EMA confirms the bullish trend for the time being. The key boundaries for the parity will be $1,862
to $1,828 mark. A consistent close of either side will provide further directions to the parity.
XAU [GOLD]
USD
/
1827
1820
1815
1807
FEBRUARY,
2
021

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