DAILY ANALYSIS REPORT JUNE 23 2021

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23 June, 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar trades almost flat against major peers as Fed Chair Powell reiterated not to raise rates too quickly, Asian stock markets in green, gold hovers
around $1,780 mark
Key Headlines:
• Australia Flash manufacturing PMI stands at 58.4 vs 60.4 previous release.
• Australia Flash Services PMI stands at 56.0 vs 58.0 previous release.
• Australia goods trade balance stands at 13.32B vs 10.14B previous release.
• Japan manufacturing PMI stands at 51.5 vs 53.0 previous release.
• Fed Chair Powell - Fed Will Wait for Actual Infla on as Trigger for a Rate Rise.
• Fed's Powell - 5% infla on is not acceptable.
• Fed’ Powell -The labor market and infla on numbers we are looking at are in an unusual situa on.
• Fed’s Powell - I see the factors affec ng infla on waning over me.
• Novar s aims to bo le more than 50 mln doses of BioNTech COVID-19 vaccine in 2021 – Reuters.
• AstraZeneca vaccine effec ve against COVID-19 variants iden fied in India – Reuters.
• Delta Covid - 19 variant greatest threats to U.S. pandemic response - U.S. infec ous disease expert Dr. Anthony Fauci.
Economic Data Ahead:
• (0715 GMT/1245 IST) France Manufacturing PMI, previous 59.4, expected 59.0.
• (0715 GMT/1245 IST) France Services PMI, previous 56.6, expected 59.6.
• (0730 GMT/1300 IST) German Manufacturing PMI, previous 64.4, expected 63.0.
• (0730 GMT/1300 IST) German Services PMI, previous 52.8, expected 55.8.
• (0800 GMT/1330 IST) Euro Manufacturing PMI, previous 63.1, expected 62.4.
• (0800 GMT/1330 IST) Euro Services PMI, previous 55.2, expected 58.1.
• (0830 GMT/1400 IST) U.K. Manufacturing PMI, previous 65.6, expected 64.1.
• (0830 GMT/1400 IST) U.K. Services PMI, previous 62.9, expected 62.9.
• (1230 GMT/1800 IST) U.S. Current account, previous -188B, expected -205B.
• (1230 GMT/1800 IST) Canada retail sales, previous 3.6, expected -5.1.
• (1230 GMT/1800 IST) Canada Core retail sales, previous 4.3, expected -4.4.
• (1345 GMT/1915 IST) U.S. Manufacturing PMI, previous 62.1, expected 61.5.
• (1345 GMT/1915 IST) U.S. Services PMI, previous 70.4, expected 70.0.
• (1400 GMT/1930 IST) U.S. New Home sales, previous 863K, expected 864K.
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 up 0.10% to 91.85 points.

3. AUD / USD
BUY SELL
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JUNE,
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
0.7555
R2 S2
0.7570
R3 S3
0.7590
R4
Commentary
S4
0.7632
Buy Above 0.7560
0.7585
0.7535
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7522
0.7499
0.7554
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie exhibits range bound movement and stabilizes around $0.7520 mark. The
pair made intraday high at $0.7545 and low at $0.7516 mark. A day chart and H1 chart with triple
EMA suggests down trend for the time being. A sustained close above $0.7541 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7502 will check further
supports.
0.7502
0.7482
0.7455
0.7418

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1950
R2 S2
1.1976
R3 S3
1.2005
R4
Commentary
S4
1.2032
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-
Time Frame: H1
EUR/USD: The euro depreciates in early Asia and hovers around $1.1920 mark. Today pair made
intraday high at $1.1943 and low at $1.1920. Today triple EMA on a day chart is bearish but H1
chart suggests up trend for the time being. A consistent close above $1.1950 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.1880 on H1 chart will check further
supports.
EUR / USD
1.1880
1.1847
1.1812
1.1787
Buy Above 1.1950
1.1976
1.1921
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1902
1.1870
1.1938
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JUNE,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3950
R2 S2
1.3978
R3 S3
1.4001
R4
Commentary
S4
1.4040
Buy Above 1.3960
1.3987
1.3920
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3906
1.3874
1.3940
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling trades almost flat ahead of manufacturing and services PMI results. The
pair made intraday high at $1.3956 and low at $1.3923 mark. A day chart is bearish while H1 chart
with triple EMA suggests up trend for the time being. A sustained close above $1.3950 on H1
chart will check key resistances. Alternatively, a consistent close below $1.3900 will check further
supports.
USD
1.3900
1.3875
1.3848
1.3815
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JUNE,
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
1.2347
R2 S2
1.2365
R3 S3
1.2390
R4
Commentary
S4
1.2423
Buy Above 1.2350
1.2378
1.2317
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2298
1.2264
1.2331
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar falls slightly on Wednesday ahead of Canada’s Retail Sales data.
Today pair made intraday high at 1.2327 and low at 1.2301 mark. Today a day chart turns bullish
while H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above
1.2347 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2300 on
H1 chart will check key supports too.
USD /CAD
1.2300
1.2276
1.2240
1.2205
JUNE,
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
110.94
R2 S2
111.22
R3 S3
111.48
R4
Commentary
S4
111.78
Buy Above 110.94
111.20
110.62
– Take Profit
– Stop Loss
Trade Idea
Sell Below 110.52
110.24
110.75
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen continues to fall against U.S. dollar after BOJ’s Monetary Policy
Meeting Minutes on Wednesday and touches 110.85 mark in early Asia. The pair made intraday
high at 110.85 and low at 110.57 mark. The triple EMA on a day chart and H1 chart suggests
bullish trend for the time being. A sustained close above 110.94 on H1 chart requires for the
upside rally. Alternatively, a consistent close below 110.60 on H1 will check further key supports.
USD /JPY
110.60
110.22
110.00
109.80
JUNE,
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 1786
1792
1778
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1772
1764
1781
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remains almost unchanged after Fed Chair Powell’s Testimony as no
new surprise was there in this statement and delayed Interest rate rising time for the U.S. as well.
Pair made intraday high at $1,783 and low $1,777 mark. A day chart and H1 chart with triple EMA
suggests bearish trend for the time being. A sustained close above $1,790 on H1 chart requires
for the upside rally. Alternatively, a consistent close below $1,774 will check further supports.
XAU [GOLD]
USD
/
1774
1768
1762
1757
JUNE,
2
021

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