This daily analysis report from TP Global FX provides a summary of recent economic data and events from Asia and forecasts for key economic indicators expected later in the day. It also includes technical analysis and commentary on major currency pairs, including the Japanese yen weakening sharply against the U.S. dollar, Chinese manufacturing and non-manufacturing PMIs coming in above estimates, and downside trends predicted for the Australian dollar, euro, British pound and gold against the U.S. dollar in the near term based on technical indicators.

1. Daily Analysis Report
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31 March, 2021

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Asian Bulle n: Japanese yen weakens sharply, hits lowest level since March 02; most Asian stock markets in red; gold slips below $1,690 mark
Key Headlines:
• U.K. BRC shop price index stands at -2.4 pct vs -2.4 pct previous release.
• Japan prelim industrial produc on stands at -2.1 pct vs 4.3 pct previous release (expected -1.3).
• New Zealand final ANZ business confidence stands at -4.1 pct vs 0.0 pct previous release.
• Australia building approvals stands at 21.6 pct vs -19.4 pct previous release.
• Australia private sector credit stands at 0.2 pct vs 0.2 pct previous release (expected 0.3).
• China manufacturing PMI stands at 51.9 vs 50.6 previous release (expected 51.3).
• China Non manufacturing PMI stands at 56.3 vs 51.4 previous release (expected 51.9).
Economic Data Ahead:
• (0600 GMT/1130 IST) U.K. final GDP, previous 1.0, expected 1.0.
• (0600 GMT/1130 IST) U.K. current account, previous -15.7B, expected -34.8B.
• (0645 GMT/1215 IST) France consumer spending, previous -4.6, expected 1.2.
• (0645 GMT/1215 IST) France prelim CPI, previous 0.0, expected 0.7.
• (0755 GMT/1325 IST) German unemployment change, previous 9K, expected -4K.
• (0900 GMT/1430 IST) Euro CPI flash es mate, previous 0.9, expected 1.4.
• (0900 GMT/1430 IST) Euro Core CPI flash es mate, previous 1.1, expected 1.1.
• (1215 GMT/1745 IST) U.S. ADP Job Results, previous 117K, expected 552K.
• (1230 GMT/1800 IST) Canada GDP, previous 0.1, expected 0.5.
• (1400 GMT/1930 IST) U.S. Pending home sales, previous -2.8, expected -3.1.
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 0.13% to 93.42 points.

3. AUD /USD
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21
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 0.7620 S1 0.7589
Buy Above 0.7620
0.7650
0.7590
0.7580
0.7550
0.7620
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.7670 S2 0.7570
R3 0.7692 S3 0.7520
R4 0.7713 S4 0.7500
Conclusion
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Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
MARCH,
Commentary
AUD/USD: The Aussie exhibits range bound movement and hovers around $0.7600
mark. Today triple EMA with day and H1 chart confirm bearish trend for the time being. A
sustained close above $0.7620 on H1 chart requires for the upside rally. Alternatively, a
consistent close below $0.7589 will check further supports.

4. EUR / USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
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analysis@tpglobalfx.com
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
MARCH,
R1 1.1740 S1 1.1690
Buy Above 1.1740
1.1775
1.1700
1.1690
1.1662
1.1740
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.1780 S2 1.1676
R3 1.1834 S3 1.1648
R4 1.1862 S4 1.1620
Conclusion
Commentary
EUR/USD: The euro moves in stiff boundaries on Wednesday and remains well
supported above $1.1700 mark. The pair made intraday high at $1.1726 and low at
$1.1704. Today triple EMA on a day and H1 chart signal down trend for the time being. A
consistent close above $1.1740 on H1 chart requires for the upside rally. Alternatively, a
sustained close below $1.1690 on H1 will check further supports.

5. GBP /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
MARCH,
R1 1.3745 S1 1.3700
Buy Above 1.3751
1.3793
1.3690
1.3690
1.3670
1.3740
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.3793 S2 1.3670
R3 1.3843 S3 1.3648
R4 1.3880 S4 1.3610
Conclusion
Commentary
GBP/USD: The pound depreciates on Wednesday and currently trading around $1.3725
mark. The pair made intraday high at $1.3751 and low at $1.3718 mark. A day chart and
H1 chart with triple EMA confirm slightly bearish trend for the time being. A sustained
close above $1.3745 on H1 chart requires for the upside rally. Alternatively, current
downside movement will drag the parity down below $1.3700 mark.

6. USD /CAD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
MARCH,
R1 1.2640 S1 1.2570
Buy Above 1.2640
1.2667
1.2590
1.2590
1.2550
1.2610
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.2667 S2 1.2550
R3 1.2690 S3 1.2520
R4 1.2722 S4 1.2500
Conclusion
Commentary
USD/CAD: The Canadian dollar falls gradually against U.S. dollar and stabilizes above
1.2600 mark. A day chart is bearish in long run while H1 chart confirm up trend for the
time being. A sustained close above 1.2640 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 1.2590 will check key supports too.
Trends Up Trend

7. USD /JPY
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
MARCH,
R1 110.96 S1 110.20
Buy Above 110.96
111.27
110.50
110.40
110.10
110.96
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 111.44 S2 109.57
R3 111.72 S3 109.00
R4 112.10 S4 108.40
Conclusion
Commentary
USD/JPY: The Japanese yen continues to trade lower on Wednesday and touches
110.96 mark in Asian hours. The pair made intraday high at 110.96 and low at 110.27
mark. The triple EMA on a day chart and H1 chart confirm bullish trend for the time
being. A sustained close above 110.96 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 110.20 on H1 will check key supports.

8. XAU /USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
+1 7754 366 970
analysis@tpglobalfx.com
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
MARCH,
R1 1692 S1 1676
Buy Above 1692
1699
1680
1676
1670
1692
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1702 S2 1670
R3 1708 S3 1662
R4 1715 S4 1656
Conclusion
Commentary
XAU/USD (GOLD): The gold depreciates drastically and touches $1,677 mark in Asian
hours. Today pair made intraday high at $1,686 and low at $1,677 mark. A day chart and
H1 chart with triple EMA confirm bearish trend for the time being. A sustained close
above $1,692 on H1 chart requires for the upside rally. Alternatively, current downside
movement will drag the parity down below $1,670 mark.

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