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03 November 2021
Daily Analysis Report
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Asian Bulle n: Kiwi strengthens against major peers on robust job results, Asian stock markets mixed, gold hovers around $1,780 mark, U.S. ADP Job Results & FOCM
Mee ng in focus
Key Headlines:
• Japanese banks will be closed in observance of Culture Day.
• Australia Building Approvals stands at -4.3 pct vs 7.6 pct previous release.
• Australia AIG Construc on Index stands at 57.6 vs 53.3 previous release.
• New Zealand Employment Change stands at 2.0 pct vs 1.0 pct previous release.
• New Zealand Unemployment Rate stands at 3.4 pct vs 4.0 pct previous release.
• China Caixin Services PMI stands at 53.8 vs 53.4 previous release.
• Wall Street's main indexes rose on Tuesday to record highs as a strong earnings season con nued to li sen ment for equi es, while investors were looking
ahead to the outcome of a cri cal Federal Reserve mee ng – Reuters.
Economic Data Ahead:
• (0800 GMT/1330 IST) Spain unemployment change, previous -76.1K, expected 21.2K.
• (0900 GMT/1430 IST) Italy Unemployment Rate, previous 9.3, expected 9.3.
• (0930 GMT/1500 IST) U.K. Final Services PMI, previous 58.0, expected 58.0.
• (1000 GMT/1530 IST) Euro unemployment Rate, previous 7.5, expected 7.4.
• (1215 GMT/1745 IST) U.S. ADP Job Results, previous 568K, expected 400K.
• (1400 GMT/1930 IST) U.S. ISM Services PMI, previous 61.9, expected 61.9.
• (1400 GMT/1930 IST) U.S. Factory Orders, previous 1.2, expected 0.1.
• (1800 GMT/2330 IST) U.S. FOMC Interest Rate Decision, previous 0.25, expected 0.25.
Economic Events Ahead:
• (1000 GMT/1530 IST) ECB President Lagarde Speaks.
• (1600 GTM/2130 IST) U.K. BOE Gov Bailey Speaks.
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 94.06 points.
3. AUD / USD
BUY SELL
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NOVEMBER,
2021
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
0.7478
R3 S3
0.7499
R4
Commentary
S4
0.7527
Buy Above 0.7448
0.7478
0.7420
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7417
0.7386
0.7441
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie fell sharply in previous session after RBA’s Cash Rate decision and touched
$0.7420 mark. Today pair made intraday high at $0.7440 and low at $0.7421 mark. A day chart is up
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 $0.7422 will
check further supports.
0.7422
0.7400
0.7378
0.7347
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1591
R2 S2
1.1626
R3 S3
1.1652
R4
Commentary
S4
1.1687
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-
Time Frame: H1
EUR/USD: The Euro trades flat on Wednesday ahead of ECB President Lagarde’s speech (Due to
speak at an event marking 175th Anniversary of the Bank of Portugal, in Lisbon) and remains well
supported below $1.1600 mark. Today pair made intraday high at $1.1587 and low at $1.1574. Today
triple EMA on a day chart and H1 chart suggests down trend for the time being. A consistent close
above $1.1591 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.1570 on H1 chart will check further supports.
EUR / USD
1.1570
1.1555
1.1537
1.1502
Buy Above 1.1591
1.1622
1.1570
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1570
1.1540
1.1596
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
NOVEMBER,
2021
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3640
R2 S2
1.3670
R3 S3
1.3699
R4
Commentary
S4
1.3721
Buy Above 1.3640
1.3676
1.3610
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3602
1.3574
1.3627
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling trades marginally higher ahead of services PMI results and hovers around
$1.3630 mark. Today pair made intraday high at $1.3633 and low at $1.3607 mark.Aday chart and H1
chart with triple EMA suggest down trend for the time being. A sustained close above $1.3640 on H1
chart will check key resistances. Alternatively, a consistent close below $1.3605 will check further
supports.
USD
1.3605
1.3582
1.3548
1.3510
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
NOVEMBER,
2021
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
1.2428
R2 S2
1.2454
R3 S3
1.2478
R4
Commentary
S4
1.2499
Buy Above 1.2430
1.2454
1.2402
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2391
1.2363
1.2420
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD weakens on Wednesday and jumps back above 1.2400 mark. The pair made
intraday high at 1.2421 and low at 1.2397 mark. Today a day chart is down and H1 chart with triple
EMA suggests up trend for the time being. A sustained close above 1.2428 on H1 chart requires for
the upside rally.Alternatively, a consistent close below 1.2390 on H1 chart will check key supports too.
USD /CAD
1.2390
1.2355
1.2330
1.2302
NOVEMBER,
2021
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
114.00
R2 S2
114.23
R3 S3
114.54
R4
Commentary
S4
114.78
Buy Above 114.00
114.32
113.75
– Take Profit
– Stop Loss
Trade Idea
Sell Below 113.68
113.47
113.90
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally higher on Wednesday and stabilizes below 114.00
mark. The pair made intraday high at 114.01 and low at 113.75 mark. Further movement will be limited
as Japanese banks will be closed in observance of Culture Day. The triple EMA on a day chart is up
and H1 chart suggests down trend for the time being. A sustained close above 113.96 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 113.50 on H1 chart will check
further key supports.
USD /JPY
113.57
113.22
112.80
112.65
NOVEMBER,
2021
8. 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
1789
R2 S2
1794
R3 S3
1799
R4
Commentary
S4
1804
Buy Above 1789
1794
1784
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1778
1772
1784
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold depreciates sharply and stabilizes around $1,780 mark. Today pair made
intraday high at $1,788 and low at $1,779 mark. A day chart is up and H1 chart with triple EMA
suggests down trend for the time being. A sustained close above $1,789 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,774 will check further supports. U.S. Economic
Calendar is empty for the day.
XAU [GOLD]
USD
/
1776
1772
1767
1761
NOVEMBER,
2021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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