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14 July 2021
Daily Analysis Report
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Asian Bulle n: U.S. dollar remained highly vola le a er U.S.’s CPI data, Asian stock markets in red, gold back above $1,810 mark
Key Headlines:
• New Zealand keeps key interest rate unchanged at 0.25 pct.
• Australia Westpac Consumer Sen ment stands at 1.5 pct vs -5.2 pct previous release.
• S&P 500 and Nasdaq end down a er hi ng record highs – Reuters.
• Mexico reports biggest jump in COVID-19 cases since February – Reuters.
• Cyprus records COVID-19 daily high as Delta variant surges – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) U.K. CPI, previous 2.1, expected 2.2.
• (0600 GMT/1130 IST) U.K. Core CPI, previous 2.0, expected 2.0.
• (0900 GMT/1430 IST) Euro industrial produc on, previous 0.8, expected -0.3.
• (1230 GMT/1800 IST) U.S. PPI, previous 0.8, expected 0.6.
• (1230 GMT/1800 IST) U.S. Core PPI, previous 0.7, expected 0.5.
• (1400 GMT/1930 IST) Canada Interest Rate Decision, previous 0.25, expected 0.25.
Economic Events Ahead:
• (1600 GMT/2130 IST) U.S. Fed Chair Powell’s Tes mony.
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 92.75 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
0.7470
R2 S2
0.7510
R3 S3
0.7540
R4
Commentary
S4
0.7565
Buy Above 0.7476
0.7501
0.7440
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7427
0.7402
0.7464
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie exhibits range bound movement and consolidates around $0.7470 mark.
The pair made intraday high at $0.7466 and low at $0.7436 mark. A day chart and H1 chart with
triple EMA suggests bearish trend for the time being. A sustained close above $0.7470 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7430 will check further
supports.
0.7430
0.7401
0.7372
0.7348
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1799
R2 S2
1.1822
R3 S3
1.1848
R4
Commentary
S4
1.1862
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-
Time Frame: H1
EUR/USD: The euro depreciated sharply in previous session on robust U.S. inflation results and
slips back below $1.1800 mark. Today pair made intraday high at $1.1783 and low at $1.1771.
Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A
consistent close above $1.1799 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.1770 on H1 chart will check further supports.
EUR / USD
1.1770
1.1754
1.1737
1.1705
Buy Above 1.1799
1.1825
1.1771
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1768
1.1741
1.1792
– 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
1.3842
R2 S2
1.3865
R3 S3
1.3887
R4
Commentary
S4
1.3920
Buy Above 1.3840
1.3868
1.3805
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3800
1.3770
1.3832
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling trades almost flat on Wednesday ahead of U.K.’s CPI data and stabilizes
above $1.3800 mark. The pair made intraday high at $1.3822 and low at $1.3801 mark. A day chart
and H1 chart with triple EMA suggests down trend for the time being. A sustained close above
$1.3842 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3800 will
check further supports.
USD
1.3800
1.3780
1.3765
1.3738
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 Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2530
R2 S2
1.2555
R3 S3
1.2578
R4
Commentary
S4
1.2599
Buy Above 1.2525
1.2554
1.2492
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2482
1.2442
1.2513
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar trades flat on Wednesday ahead of BoC’s Interest Rate Decision
and hovers around 1.25 mark. Today pair made intraday high at 1.2525 and low at 1.2493 mark.
Today a day chart is up while H1 chart with triple EMA suggests bearish trend for the time being. A
sustained close above 1.2530 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 1.2478 on H1 chart will check key supports too.
USD /CAD
1.2478
1.2440
1.2422
1.2400
JULY,
2
021
7. BUY SELL
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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
110.70
R2 S2
110.94
R3 S3
111.28
R4
Commentary
S4
111.54
Buy Above 110.70
110.94
110.38
– Take Profit
– Stop Loss
Trade Idea
Sell Below 110.32
110.10
110.60
– 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 Wednesday and touches key resistances
at 110.70 mark in early Asia. The pair made intraday high at 110.69 and low at 110.46 mark. The
triple EMA on a day chart and H1 chart is up for the time being. A sustained close above 110.70
on H1 chart requires for the upside rally. Alternatively, a consistent close below 110.22 on H1 will
check further key supports.
USD /JPY
110.22
109.88
109.52
109.18
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
1814
R2 S2
1819
R3 S3
1825
R4
Commentary
S4
1831
Buy Above 1816
1821
1809
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1804
1796
1811
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold enjoyed high volatility after U.S.’s strong CPI reading and currently
stabilizes above $1,810 mark. Today pair made intraday high at $1,813 and low $1,804 mark. A
day chart is bearish but H1 chart with triple EMA suggests up trend for the time being. A sustained
close above $1,814 on H1 chart requires for the upside rally. Alternatively, a consistent close
below $1,798 will check further supports. U.S. economic calendar is empty for the day.
XAU [GOLD]
USD
/
1802
1794
1789
1784
JULY,
2
021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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