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09 July 2021
Daily Analysis Report
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Asian Bulle n: Aussie weakens sharply a er China’s economic results, most Asian stock markets in red, gold stabilizes above $1,800 mark
Key Headlines:
• U.S. Consumer credit stands at 35.3B vs 20.0B previous release.
• China CPI stands at 1.1 pct vs 1.3 pct previous release.
• China PPI stands at 8.8 pct vs 9.0 pct previous release.
• Wall Street lost ground on Thursday, with the S&P 500 and the Nasdaq pulling back from record closing highs in a broad sell-off driven by uncertain es
surrounding the pace of the U.S. economic recovery – Reuters.
• Argen na on Thursday announced it will sign a COVID-19 vaccine supply agreement with Moderna – Reuters.
• The United States has administered 332,345,797 doses of COVID-19 vaccines in the country as of Thursday morning and distributed 385,495,790 doses –
Reuters.
• Fully-vaccinated Britons returning from medium-risk amber list countries will no longer have to quaran ne when they arrive home from July 19 – Reuters.
• Germany plans to declare all of Spain a coronavirus risk area – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) U.K. GDP, previous 2.3, expected 1.5.
• (0800 GMT/1330 IST) Italy Industrial produc on, previous 1.8, expected 0.3.
• (1230 GMT/1800 IST) Canada employment Change, previous -68.0K, expected 172.5K.
• (1230 GMT/1800 IST) Canada unemployment rate, previous 8.2, expected 7.8.
Economic Events Ahead:
• (1000 GMT/1530 IST) ECB President Lagarde Speaks.
• (1000 GMT/1530 IST) BOE Gov Bailey Speaks.
• All day G20 Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.01% to 92.41 points.
3. AUD / USD
BUY SELL
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JULY,
2
021
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
0.7440
R2 S2
0.7470
R3 S3
0.7490
R4
Commentary
S4
0.7510
Buy Above 0.7440
0.7464
0.7412
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7401
0.7373
0.7434
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie weakness sharply in early Asia and hits lowest level since Dec 2020. The
pair made intraday high at $0.7439 and low at $0.7409 mark. A day chart as well as H1 chart with
triple EMA suggests bearish trend for the time being. A sustained close above $0.7440 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7390 will check further
supports.
0.7390
0.7372
0.7340
0.7315
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1858
R2 S2
1.1876
R3 S3
1.1890
R4
Commentary
S4
1.1920
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-
Time Frame: H1
EUR/USD: The euro enjoys roller coaster movement and stabilizes back above $1.1800 mark.
Today pair made intraday high at $1.1850 and low at $1.1834. Today triple EMA on a day chart is
bearish but H1 chart suggest up trend for the time being. A consistent close above $1.1858 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
1.1760
1.1740
1.1710
Buy Above 1.1850
1.1878
1.1826
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1821
1.1793
1.1840
– 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
1.3790
R2 S2
1.3810
R3 S3
13837
R4
Commentary
S4
1.3855
Buy Above 1.3795
1.3821
1.3762
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3755
1.3722
1.3785
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The Sterling trades flat on Friday ahead of GDP and manufacturing production results.
In addition, BOE Gov Bailey’s speech is in focus. The pair made intraday high at $1.3794 and low
at $1.3766 mark. A day chart and H1 chart with triple EMA suggests down trend for the time
being. A sustained close above $1.3790 on H1 chart will check key resistances. Alternatively, a
consistent close below $1.3760 will check further supports.
USD
1.3752
1.3732
1.3705
1.3680
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JULY,
2
021
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
1.2565
R2 S2
1.2578
R3 S3
1.2597
R4
Commentary
S4
1.2628
Buy Above 1.2556
1.2580
1.2525
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2509
1.2479
1.2541
– 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 hovers around 1.2550 mark
ahead of Canada’s Employment change data. Today pair made intraday high at 1.2556 and low at
1.2521 mark. Today a day chart and H1 chart with triple EMA suggests up trend for the time being.
A sustained close above 1.2565 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 1.2518 on H1 chart will check key supports too.
USD /CAD
1.2510
1.2480
1.2455
1.2432
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
110.20
R2 S2
110.52
R3 S3
110.76
R4
Commentary
S4
110.94
Buy Above 109.97
110.22
109.62
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.51
109.21
109.81
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen trades in narrow range on Friday and slips below 110.00 mark. The
pair made intraday high at 109.92 and low at 109.65 mark. The triple EMA on a day chart is up
while H1 chart suggests down trend for the time being. A sustained close above 110.20 on H1
chart requires for the upside rally. Alternatively, a consistent close below 109.57 on H1 will check
further key supports.
USD /JPY
109.52
109.18
109.00
108.78
JULY,
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
1809
R2 S2
1815
R3 S3
1821
R4
Commentary
S4
1827
Buy Above 1809
1816
1801
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1796
1790
1807
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remains slightly positive on Friday and consolidates around $1,802
mark. Today pair made intraday high at $1,807 and low $1,799 mark. A day chart is bearish but
H1 chart with triple EMA suggests bullish trend for the time being. A sustained close above $1,806
on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,794 will check
further supports. U.S. economic calendar is empty for the day.
XAU [GOLD]
USD
/
1789
1784
1778
1772
JULY,
2
021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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