DAILY ANALYSIS REPORT JULY 16, 2021

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16 July 2021
Daily Analysis Report

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Asian Bulle n: Japanese yen remains almost unchanged a er BOJ’s Policy Rate Decision, Asian stock markets mixed, gold stabilizes above $1,820 mark
Key Headlines:
• New Zealand CPI q/q stands at 1.3 pct vs 0.8 pct previous release.
• BOJ kept interest rate unchanged at -0.10 pct.
• Some 35 million American families have started receiving their first monthly payout from the U.S. government in an expanded income-support program that
President Joe Biden said on Thursday could help end child poverty – Reuters.
• The U.S. dollar advanced on Thursday, recovering much of the ground lost in the prior session a er the head of the Federal Reserve told Congress he saw no
need to rush the shi towards ghter post-pandemic monetary policy – Reuters.
• The Nasdaq ended lower on Thursday, pulled down by Apple, Amazon and other Big Tech companies as a fall in weekly jobless claims data fed investor
concerns about a recent infla on spike – Reuters.
• U.S. Treasury Secretary Yellen - I believe that significant infla on will con nue for many months longer.
• U.S. Treasury Secretary Yellen - The gap between the U.S. and foreign tax rates will diminish under proposed tax changes.
• U.S. Treasury Secretary Yellen - There are covid outbreaks in certain places of the na on to be concerned about. Covid shutdowns could happen in the U.S.
Economic Data Ahead:
• (0900 GMT/1430 IST) Euro Final CPI, previous 1.9, expected 1.9.
• (0900 GMT/1430 IST) Euro Final Core CPI, previous 0.9, expected 0.9.
• (1230 GMT/1800 IST) U.S. Retail sales, previous -1.3, expected -0.4.
• (1230 GMT/1800 IST) U.S. Core Retail sales, previous -0.7, expected 0.4.
• (1400 GMT/1930 IST) U.S. Prelim UoM Consumer Sen ment, previous 85.5, expected 86.5.
Economic Events Ahead:
• No key events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched lower 0.01% to 92.62 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
0.7450
R2 S2
0.7470
R3 S3
0.7490
R4
Commentary
S4
0.7510
Buy Above 0.7450
0.7478
0.7420
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7402
0.7363
0.7433
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie depreciated in previous session as China released GDP data with negative
numbers. The pair made intraday high at $0.7438 and low at $0.7414 mark. A day chart and H1
chart with triple EMA suggests down trend for the time being. A sustained close above $0.7450 on
H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7410 will check
further supports.
0.7401
0.7372
0.7348
0.7321

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1850
R2 S2
1.1878
R3 S3
1.1899
R4
Commentary
S4
1.1927
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-
Time Frame: H1
EUR/USD: The Euro falls gradually against U.S. dollar ahead of Euro’s Inflation data due at 0900
GMT. Today pair made intraday high at $1.1817 and low at $1.1802. Today triple EMA on a day
chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1825 on
H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1802 on H1 chart
will check further supports.
EUR / USD
1.1802
1.1770
1.1754
1.1737
Buy Above 1.1825
1.1848
1.1799
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1791
1.1761
1.1811
– 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
1.3872
R2 S2
1.3898
R3 S3
1.3920
R4
Commentary
S4
1.3947
Buy Above 1.3850
1.3876
1.3815
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3800
1.3770
1.3836
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling remained highly volatile in previous session after U.K.’s robust job results
and comments from MPC member Saunders on U.K.’s economic recovery but pair managed to
remain well supported above $1.3800 mark. Today pair made intraday high at $1.3835 and low at
$1.3820 mark. A day chart and H1 chart with triple EMA suggests bearish trend for the time being. A
sustained close above $1.3872 on H1 chart will check key resistances. Alternatively, a consistent
close below $1.3801 will check further supports.
USD
1.3801
1.3780
1.3765
1.3738
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
1.2622
R2 S2
1.2648
R3 S3
1.2672
R4
Commentary
S4
1.2697
Buy Above 1.2602
1.2632
1.2565
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2561
1.2531
1.2600
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar depreciated sharply in previous session and jumped back above
1.26 mark. Yesterday CAD released ADP Job Results with flat numbers. Today pair made intraday
high at 1.2600 and low at 1.2577 mark. Today a day chart and H1 chart with triple EMA suggests
bullish trend for the time being. A sustained close above 1.2610 on H1 chart requires for the
upside rally. Alternatively, a consistent close below 1.2555 on H1 chart will check key supports
too.
USD /CAD
1.2555
1.2520
1.2500
1.2478
JULY,
2
021

7. BUY SELL
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Technical Summary
Trend Down Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
110.22
R2 S2
110.50
R3 S3
110.70
R4
Commentary
S4
110.94
Buy Above 110.10
110.32
109.76
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.72
109.48
110.00
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen appreciates slightly in Asian hours as BOJ kept interest rate
unchanged at -0.10 pct. The pair made intraday high at 110.07 and low at 109.73 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 109.70 on H1 will check further key supports.
USD /JPY
109.70
109.52
109.18
108.85
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
1832
R2 S2
1839
R3 S3
1844
R4
Commentary
S4
1851
Buy Above 1834
1839
1826
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1820
1814
1828
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold enjoyed roller coaster movement in previous session and touched
$1,834 mark as U.S. released all the key economic results with negative numbers. Today pair
made intraday high at $1,832 and low $1,825 mark. A day chart is bearish but H1 chart with triple
EMA suggests up trend for the time being. A sustained close above $1,832 on H1 chart requires
for the upside rally. Alternatively, a consistent close below $1,820 will check further supports. U.S.
economic calendar is empty for the day.
XAU [GOLD]
USD
/
1817
1812
1806
1798
JULY,
2
021

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