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18 February, 2021
Daily Analysis Report
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Asian Bulle n: Aussie weakens a er Australia’s job results, Asian stock markets mixed, China returns from mini vaca on, gold hovers around $1,780 mark
Key Headlines:
• Australia employment change stands at 29.1K vs 50.0K previous release (expected 30.2K).
• Australia unemployment rate stands at 6.4 pct vs 6.6 pct previous release (expected 6.5).
Economic Data Ahead:
• (0700 GMT/1230 IST) Swiss trade balance, previous 2.88B, expected 3.32B.
• (1330 GMT/1900 IST) Canada ADP Non – farm employment change, previous -28.8K.
• (1330 GMT/1900 IST) U.S. Philly Fed Manufacturing Index, previous 26.5, expected 20.3.
• (1330 GMT/1900 IST) U.S. building permits, previous 1.70M, expected 1.67M.
• (1330 GMT/1900 IST) U.S. housing starts, previous 1.67M, expected 1.66M.
• (1330 GMT/1900 IST) U.S. unemployment claims weekly, previous 793K, expected 775K.
• (1500 GMT/2030 IST) Euro consumer confidence, previous -16, expected -15.
Economic Events Ahead:
• (1100 GMT/1630 IST) U.K. MPC member Sunders speaks.
• (1230 GMT/1800 IST) ECB Monetary Policy Mee ng Accounts.
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 90.96 points.
3. AUD / USD
BUY SELL
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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
0.7767
R2 S2
0.7820
R3 S3
0.7878
R4
Commentary
S4
0.7940
Buy Above 0.77740
0.77972
0.77519
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77340
0.77145
0.77573
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie depreciates noticeably after Australia’s employment change data released
with flat numbers only. Important to note here that Australia’s unemployment rate falls sharply,
which is positive indication for the AUD. A Day chart still confirms the uptrend in long run but triple
EMA on H1 chart suggesting down trend for the time being. A sustained close above $0.7761 on
H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7735 will test key
supports too.
0.7735
0.7690
0.7638
0.7594
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2048
R2 S2
1.2120
R3 S3
1.2170
R4
Commentary
S4
1.2205
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-
Time Frame: H1
EUR/USD: The euro trades flat on Thursday and stabilizes below $1.2050 mark. On H1 and a
Day chart, triple EMA confirms the bearish trend for the time being. The expected range for the
parity will be $1.2048 to $1.2020 mark. A consistent close of either side on a H1 chart will provide
further directions to the parity.
EUR / USD
1.2020
1.1961
1.1900
1.1852
FEBRUARY,
2
021
Buy Above 1.20701
1.20898
1.20480
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.20248
1.20042
1.20525
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
5. 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
1.3870
R2 S2
1.3902
R3 S3
1.3951
R4
Commentary
S4
1.4002
Buy Above 1.38869
1.39283
1.38403
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.38159
1.37789
1.38615
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The pound erases previous gain against U.S. dollar and currently hovers around
$1.3850 mark. The pair made intraday high at $1.3877 and low at $1.3846 mark. On H1 chart,
triple EMA confirms the bearish trend but on a Day chart, trend is likely to be up only. A sustained
close above $1.3870 on H1 chart requires for the upside rally. Alternatively, current downside
trend will drag the parity back below $1.3800 mark.
USD
1.3845
1.3800
1.3767
1.3738
FEBRUARY,
2
021
GBP/
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
1.2730
R2 S2
1.2784
R3 S3
1.2816
R4
Commentary
S4
1.2839
Buy Above 1.27334
1.27593
1.27045
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26837
1.26578
1.27108
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar exhibits range bound movement and consolidates around 1.2700
mark. A day chart confirms the bearish trend in long run but H1 chart suggest uptrend for the time
being. A sustained close below 1.2690 on a H1 requires for the downside rally. Alternatively,
reversal from here will drag the parity back above 1.2730 mark.
USD /CAD
1.2690
1.2677
1.2630
1.2588
FEBRUARY,
2
021
7. 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
106.03
R2 S2
106.38
R3 S3
106.78
R4
Commentary
S4
107.23
Buy Above 106.019
106.247
105.789
– Take Profit
– Stop Loss
Trade Idea
Sell Below 105.631
105.372
105.837
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen remains slightly volatile against U.S. dollar and stabilizes below
106.00 mark. Triple EMA has confirmed bullish trend on a Day as well as H1 chart. A sustained
close above 106.03 on H1 chart requires for the upside rally. The key boundaries for the parity will
be 106.38 to 105.70 mark. A sustained break and close of either side on a Day chart will provide
further direction to the parity.
USD /JPY
105.70
105.22
104.80
104.55
FEBRUARY,
2
021
8. 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
1802
R2 S2
1808
R3 S3
1817
R4
Commentary
S4
1828
Buy Above 1790.93
1799.14
1782.84
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1777.31
1769.10
1785.17
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold weakens drastically in previous session and touched $1,769 mark.
Today, pair recovers slightly and manages to find support around $1,780 mark. The pair made
intraday high at $1,785 and low at $1,775 mark. The Day and H1 charts suggest the bearish trend
for the time being. The expected range for the parity will be $1,794 to $1,772 mark. A sustained
close of either side on H1 chart will provide further direction to the parity.
XAU [GOLD]
USD
/
1772
1764
1758
1748
FEBRUARY,
2
021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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