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18 November 2021
Daily Analysis Report
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Asian Bulle n: U.S. dollar remains slightly vola le against major peers, Asian stock markets in red, gold hovers around $1,870 mark
Key Headlines:
• New Zealand Infla on expecta ons stand at 2.96 pct vs 2.27 pct previous release.
• Wall Street benchmarks ended Wednesday lower on infla on fears and supply chain concerns stemming from retailers' earnings, with investors be ng the
Federal Reserve will raise interest rates sooner than expected to tame rising prices – Reuters.
• Chicago Federal Reserve President Charles Evans on Wednesday reiterated that it will take un l the middle of next year to complete the Fed's wind-down of
its bond-buying program, even as the central bank remains 'mindful' of infla on – Reuters.
• The Biden administra on has asked some of the world's largest oil consuming na ons to consider releasing some of their crude reserves in a coordinated
effort to lower prices and s mulate the economic recovery, according to several people familiar with the ma er – Reuters.
• Indian states are si ng on more than 200 million doses of COVID-19 vaccines due to a reluctance among people to get inoculated, the chief execu ve of top
vaccine maker the Serum Ins tute of India (SII) said on Wednesday – Reuters.
• France registered more than 20,000 new confirmed coronavirus infec ons on Wednesday for the first me since Aug. 25 as the fi h wave of the epidemic
picked up speed – Reuters.
• Spain is now offering third doses of COVID-19 vaccines to people aged 60 and over, expanding the booster shot programme from the previous age threshold of
70 as infec ons rise, Prime Minister Pedro Sanchez said on Wednesday – Reuters.
• The UK Health Security Agency (UKHSA) said on Wednesday that children aged between 12 and 15 should delay ge ng a COVID-19 vaccine if they've recently
had COVID to at least 12 weeks a er they were infected – Reuters.
• COVID-19 deaths have decreased 17% in the Americas over the past week, but the most populous countries like the United States, Brazil and Colombia are
seeing a leveling of new infec ons a er weeks of declining trends, the Pan American Health Organiza on (PAHO) said on Wednesday – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) Swiss Trade Balance, previous 5.05B, expected 4.90B.
• (1330 GMT/1900 IST) U.S. Philly Fed Manufacturing Index, previous 23.8, expected 24.2.
• (1330 GMT/1900 IST) U.S. unemployment Claims weekly, previous 267K, expected 260K.
• (1330 GMT/1900 IST) Canada ADP Employment Change, previous 9.6K.
Economic Events Ahead:
• (1300 GMT/1830 IST) U.S. FOMC Member Bos c Speaks.
• (1430 GMT/2000 IST) U.S. FOMC Member Williams Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.15% to 95.68 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
0.7290
R2 S2
0.7321
R3 S3
0.7350
R4
Commentary
S4
0.7376
Buy Above 0.7272
0.7310
0.7245
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7241
0.7215
0.7267
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie trades almost flat duringAsian hours and hovers around $0.7250 mark. Today
pair made intraday high at $0.7270 and low at $0.7251 mark.Aday chart and H1 chart with triple EMA
suggest bearish trend for the time being.Asustained close above $0.7290 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $0.7240 will check further supports.
0.7240
0.7227
0.7200
0.7176
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1340
R2 S2
1.1378
R3 S3
1.1405
R4
Commentary
S4
1.1428
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-
Time Frame: H1
EUR/USD: The Euro trades marginally higher on Thursday and stabilizes above $1.1300 mark.
Today pair made intraday high at $1.1338 and low at $1.1315. Today triple EMAon a day chart and H1
chart suggest bearish trend for the time being.Aconsistent close above $1.1340 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.1288 on H1 chart will check further
supports.
EUR / USD
1.1288
1.1262
1.1237
1.1205
Buy Above 1.1340
1.1368
1.1310
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1292
1.1265
1.1324
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
NOVEMBER,
2021
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3512
R2 S2
1.3540
R3 S3
1.3572
R4
Commentary
S4
1.3599
Buy Above 1.3512
1.3540
1.3482
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3474
1.3438
1.3498
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling rises gradually against U.S. dollar and trading around $1.3500 mark. Today
pair made intraday high at $1.3503 and low at $1.3477 mark. A day chart is down and H1 chart with
triple EMA suggests up trend for the time being. A sustained close above $1.3512 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.3480 will check further supports.
USD
1.3480
1.3462
1.3438
1.3415
GBP/
Trends Up 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 Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2623
R2 S2
1.2658
R3 S3
1.2676
R4
Commentary
S4
1.2705
Buy Above 1.2630
1.2658
1.2603
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2589
1.2558
1.2615
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD falls sharply against U.S. dollar ahead of Canada’s Job results and jumps back
above 1.2600 mark. It is the lowest level of CAD since Oct 06, 2021. The pair made intraday high at
1.2624 and low at 1.2603 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend
for the time being. A sustained close above 1.2623 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 1.2580 on H1 chart will check key supports too.
USD /CAD
1.2580
1.2562
1.2540
1.2510
NOVEMBER,
2021
7. 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
114.34
R2 S2
114.72
R3 S3
115.06
R4
Commentary
S4
115.22
Buy Above 114.30
114.62
114.05
– Take Profit
– Stop Loss
Trade Idea
Sell Below 113.78
113.37
114.11
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen strengthened sharply in previous session and slips back below 114.00
mark. The pair made intraday high at 114.24 and low at 113.87 mark. The triple EMAon a day chart is
up and H1 chart suggest down trend for the time being. A sustained close above 114.30 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 113.78 on H1 chart will check
further key supports.
USD /JPY
113.78
113.47
113.15
112.80
NOVEMBER,
2021
8. 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
1874
R2 S2
1881
R3 S3
1887
R4
Commentary
S4
1894
Buy Above 1870
1876
1865
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1862
1856
1868
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold enjoys roller coaster movement and consolidates around $1,865 mark.
Today pair made intraday high at $1,870 and low at $1,864 mark. A day chart and H1 chart with triple
EMA suggests up trend for the time being. A sustained close above $1,870 on H1 chart requires for
the upside rally.Alternatively, a consistent close below $1,858 will check further supports.
XAU [GOLD]
USD
/
1858
1852
1847
1842
NOVEMBER,
2021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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