DAILY ANALYSIS REPORT JULY 05 2021

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05 July 2021
Daily Analysis Report

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Asian Bulle n: Aussie turns posi ve a er robust Retail Sales data, Asian stock markets mixed, gold stabilizes below $1,790 mark
Key Headlines:
• U.S. banks will be closed in observance of Independence Day.
• Australia AIG construc on index stands at 55.5 vs 58.3 previous release.
• Australia building approvals stands at -7.1 vs -8.6 pct previous release.
• Australia Retail sales stand at 0.4 pct vs 0.1 pct previous release.
• France Health Minister Olivier Veran urged as many French people as possible to get a COVID-19 vaccine, warning that France could be heading for a fourth
wave of the epidemic by the end of the month due to the highly transmissible Delta variant – Reuters.
Economic Data Ahead:
• (0715 GMT/1245 IST) Spain Services PMI, previous 59.4, expected 60.6.
• (0745 GMT/1315 IST) Italy Services PMI, previous 53.1, expected 56.3.
• (0750 GMT/1320 IST) France Services PMI, previous 57.4, expected 57.4.
• (0755 GMT/1325 IST) Germany Services PMI, previous 58.1, expected 58.1.
• (0800 GMT/1330 IST) Euro Services PMI, previous 58.0, expected 58.0.
• (0830 GMT/1400 IST) U.K. Services PMI, previous 61.7, expected 61.7.
Economic Events Ahead:
• (1430 GMT/2000 IST) Canada Business outlook survey.
• 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 0.07% to 92.30 points.

3. AUD / USD
BUY SELL
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JULY,
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
0.7540
R2 S2
0.7572
R3 S3
0.7590
R4
Commentary
S4
0.7620
Buy Above 0.7540
0.7570
0.7505
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7502
0.7476
0.7529
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades slightly lower despite higher than expected Retail Sales data. The
pair made intraday high at $0.7529 and low at $0.7509 mark. A day chart is down and H1 chart
with triple EMA suggests up trend for the time being. A sustained close above $0.7540 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7490 will check further
supports.
0.7490
0.7458
0.7440
0.7422

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1878
R2 S2
1.1912
R3 S3
1.1947
R4
Commentary
S4
1.1982
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-
Time Frame: H1
AUD/USD: The Aussie trades slightly lower despite higher than expected Retail Sales data. The
pair made intraday high at $0.7529 and low at $0.7509 mark. A day chart is down and H1 chart
with triple EMA suggests up trend for the time being. A sustained close above $0.7540 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7490 will check further
supports.
EUR / USD
1.1837
1.1822
1.1797
1.1768
Buy Above 1.1875
1.1901
1.1842
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1838
1.1811
1.1872
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JULY,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3840
R2 S2
1.3855
R3 S3
1.3876
R4
Commentary
S4
1.3900
Buy Above 1.3847
1.3867
1.3810
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3806
1.3776
1.3838
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling trades flat on Monday and stabilizes above $1.3800 mark. Markets eye
U.K.’s Services PMI data for the further directions. The pair made intraday high at $1.3836 and
low at $1.3816 mark. A day chart is down while H1 chart with triple EMA suggests up trend for the
time being. A sustained close above $1.3840 on H1 chart will check key resistances. Alternatively,
a consistent close below $1.3800 will check further supports.
USD
1.3782
1.3758
1.3738
1.3706
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JULY,
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
1.2350
R2 S2
1.2381
R3 S3
1.2400
R4
Commentary
S4
1.2426
Buy Above 1.2354
1.2378
1.2322
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2315
1.2296
1.2341
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar starts a new day on a lower note and remains well supported
above 1.23 mark. Traders eye BoC’s Business Outlook Survey for the further directions. Today
pair made intraday high at 1.2344 and low at 1.2308 mark. Today a day chart is up and H1 chart
with triple EMA suggests down trend for the time being. A sustained close above 1.2350 on H1
chart requires for the upside rally. Alternatively, a consistent close below 1.2310 on H1 chart will
check key supports too.
USD /CAD
1.2310
1.2285
1.2262
1.2240
JULY,
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
111.37
R2 S2
111.54
R3 S3
111.72
R4
Commentary
S4
111.99
Buy Above 111.25
111.47
110.94
– Take Profit
– Stop Loss
Trade Idea
Sell Below 110.90
110.72
111.21
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen remains volatile in early Asia and hovers around 111.00 mark.
Japan’s economic calendar is empty for the day. The pair made intraday high at 111.19 and low at
110.95 mark. The triple EMA on a day chart is up while H1 chart suggests down trend for the time
being. A sustained close above 111.24 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 110.90 on H1 will check further key supports.
USD /JPY
110.85
110.62
110.27
110.01
JULY,
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
1790
R2 S2
1794
R3 S3
1799
R4
Commentary
S4
1805
Buy Above 1792
1797
1784
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1781
1775
1789
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remains slightly volatile on Monday as U.S. banks will remain closed for
the day. Today pair made intraday high at $1,789 and low $1,784 mark. A day chart is bearish but
H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above $1,790
on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,781 will check
further supports.
XAU [GOLD]
USD
/
1781
1776
1770
1764
JULY,
2
021

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