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12 July 2021
Daily Analysis Report
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Asian Bulle n: U.S. dollar trades almost flat against major peers, Asian stock markets in green, gold hovers around $1,800 mark
Key Headlines:
• Japan Core Machinery Orders stand at 7.8 pct vs 0.6 pct previous release.
• Japan PPI stands at 5.0 pct vs 5.1 pct previous release.
• COVID-19 vaccine maker Pfizer Inc will meet with federal health officials as soon as Monday to discuss the need for a booster dose of the coronavirus vaccine
as it prepares to seek authoriza on – Reuters.
• South Africa extends ght COVID-19 restric ons for another 14 days – Reuters.
• Vietnam will impose movement restric ons in the Mekong Delta city of Can Tho for 14 days star ng on Monday, as the Southeast Asian country ba les its
worst outbreak of the pandemic – Reuters.
• Thailand's health ministry - More than 600 medical workers who received two doses of China's Sinovac vaccine have been infected with COVID-19, as
authori es weigh giving booster doses to raise immunity – Reuters.
• Russia reported 25,033 new COVID-19 cases on Sunday, including 5,410 in Moscow – Reuters.
• Australia reports first 2021 local COVID-19 death, highest case number – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) Euro German WPI, previous 1.7, expected 0.9.
• (0600 GMT/1130 IST) Japan Prelim Machine Tool Order, previous 141.9 pct.
Economic Events Ahead:
• All Day – Euro group mee ngs.
• (1330 GMT/1900 IST) FOMC Member Williams Speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.03% to 92.16 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
0.7492
R2 S2
0.7515
R3 S3
0.7540
R4
Commentary
S4
0.7565
Buy Above 0.7494
0.7525
0.7462
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7456
0.7430
0.7487
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades in narrow range on Monday as there are no economic indicators
scheduled from Australia. The pair made intraday high at $0.7493 and low at $0.7469 mark. A day
chart is bearish while H1 chart with triple EMA suggests up trend for the time being. A sustained
close above $0.7492 on H1 chart requires for the upside rally. Alternatively, a consistent close
below $0.7458 will check further supports.
0.7458
0.7437
0.7420
0.7401
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1880
R2 S2
1.1920
R3 S3
1.1944
R4
Commentary
S4
1.1967
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-
Time Frame: H1
EUR/USD: The euro trades marginally higher on Monday as Eurogroup Meetings will remain in
focus. Today pair made intraday high at $1.1880 and low at $1.1864. Today triple EMA on a day
chart is bearish but H1 chart suggest up trend for the time being. A consistent close above
$1.1880 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1855
on H1 chart will check further supports.
EUR / USD
1.1855
1.1821
1.1800
1.1776
Buy Above 1.1885
1.1909
1.1862
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1857
1.1832
1.1880
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JULY,
2
021
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3912
R2 S2
1.3928
R3 S3
1.3950
R4
Commentary
S4
1.3978
Buy Above 1.3912
1.3937
1.3880
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3875
1.3854
1.3907
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The Sterling spiked up last Friday and currently hovers around $1.3900 mark ahead of
BOE’s Financial Stability Report due tomorrow. Today’s economic calendar is empty for the U.K.
The pair made intraday high at $1.3910 and low at $1.3884 mark. A day chart is bearish while H1
chart with triple EMA suggests up trend for the time being. A sustained close above $1.3902 on
H1 chart will check key resistances. Alternatively, a consistent close below $1.3880 will check
further supports.
USD
1.3880
1.3855
1.3840
1.3810
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
1.2494
R2 S2
1.2517
R3 S3
1.2532
R4
Commentary
S4
1.2555
Buy Above 1.2490
1.2525
1.2450
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2448
1.2420
1.2480
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar enjoys roller coaster movement and hovers around 1.2460 mark.
Today pair made intraday high at 1.2466 and low at 1.2442 mark. Today a day chart is up while
H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above
1.2494 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2450 on
H1 chart will check key supports too.
USD /CAD
1.2450
1.2422
1.2400
1.2378
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
110.22
R2 S2
110.52
R3 S3
110.76
R4
Commentary
S4
110.94
Buy Above 110.32
110.51
109.97
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.85
109.62
110.23
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Monday despite higher than expected
Core Machinery Orders and PPI data. The pair made intraday high at 110.25 and low at 110.01
mark. The triple EMA on a day chart is up while H1 chart suggests down trend for the time being.
A sustained close above 110.22 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 109.88 on H1 will check further key supports.
USD /JPY
109.88
109.52
109.18
109.00
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
1809
R2 S2
1815
R3 S3
1821
R4
Commentary
S4
1827
Buy Above 1809
1815
1802
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1798
1791
1806
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold weakens on Monday and hovers around $1,800 mark. Today pair made
intraday high at $1,810 and low $1,802 mark. A day chart is bearish but H1 chart with triple EMA
suggests up trend for the time being. A sustained close above $1,809 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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