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25 November 2021
Daily Analysis Report
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Asian Bulle n: U.S. dollar trades almost flat against major peers as U.S. banks will be closed in observance of Thanksgiving Day, most Asian stock markets in red, gold
hovers around $1,790 mark
Key Headlines:
• New Zealand Trade Balance stands at -1286M vs -2206M previous release.
• Japan SPPI stands at 1.0 pct vs 0.9 pct previous release.
• Australia Private Capital Expenditure q/q stands at -2.2 pct vs 3.4 pct previous release.
• Mexican President Andres Manuel Lopez Obrador's surprise shakeup of the nomina on process for the Bank of Mexico's (Banxico) next chief has cast doubt
over the bank's rate- ghtening cycle as it ba les to keep high infla on in check – Reuters.
• China, the world's largest crude importer, was non-commi al about its inten ons to release oil from its reserves as requested by the United States, while
OPEC producers were not considering changing tac cs in light of the U.S. ac on, according to three sources in the group – Reuters.
• The dollar gained broadly on Wednesday, reaching 16-month highs against the euro and an almost five-year top against the Japanese yen as investors bet that
the U.S. Federal Reserve will ghten monetary policy faster than its peers – Reuters.
• The Reserve Bank of New Zealand (RBNZ) said on Thursday Westpac's local unit needs to address risk governance and compliance concerns a er an
independent report highlighted "material shortcoming" in the board's oversight – Reuters.
• Wall Street shares finished higher in choppy trading on Wednesday ahead of the U.S. Thanksgiving holiday as U.S. Treasury yields hovered near the year's
highs – Reuters.
• Italy on Wednesday ghtened the screws on people s ll unwilling to take an an -COVID jab, sharply restric ng access to an array of services and making
vaccines mandatory for a wider group of public sector workers – Reuters.
• Portugal, one of the world's most vaccinated na ons, will give COVID-19 booster shots to a quarter of its popula on by the end of January, the health
secretary said on Wednesday, as authori es try to stop a recent surge in infec ons – Reuters.
• New COVID-19 cases have jumped 23% in the Americas in the last week, mostly in North America where both the United States and Canada are repor ng
increasing infec on rates – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Final GDP q/q, previous 1.8, expected 1.8.
• (0700 GMT/1230 IST) German GFK Consumer Climate, previous 0.9, expected -1.0.
Economic Events Ahead:
• (1230 GMT/1800 IST) ECB Monetary Policy Mee ng Account.
• (1330 GMT/1900 IST) ECB President Lagarde Speaks.
• (1700 GMT/2230 IST) BOE U.K. 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 0.11% to 96.76 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
0.7222
R2 S2
0.7240
R3 S3
0.7276
R4
Commentary
S4
0.7299
Buy Above 0.7222
0.7191
0.7248
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7178
0.7150
0.7202
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades slightly higher on Thursday and hovers around $0.7200 mark. Today
pair made intraday high at $0.7209 and low at $0.7191 mark.Aday chart and H1 chart with triple EMA
suggest bearish trend for the time being.Asustained close above $0.7222 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $0.7190 will check further supports.
0.7190
0.7176
0.7140
0.7115
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1250
R2 S2
1.1275
R3 S3
1.1315
R4
Commentary
S4
1.1340
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-
Time Frame: H1
EUR/USD: The Euro trades marginally higher ahead of German Data and ECB President Lagarde’s
speech. Today pair made intraday high at $1.1218 and low at $1.1193. Today triple EMA on a day
chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1250 on H1
chart requires for the upside rally. Alternatively, a sustained close below $1.1192 on H1 chart will
check further supports.
EUR / USD
1.1186
1.1162
1.1137
1.1115
Buy Above 1.1225
1.1250
1.1198
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1184
1.1160
1.1206
– 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
1.3355
R2 S2
1.3385
R3 S3
1.3412
R4
Commentary
S4
1.3455
Buy Above 1.3362
1.3390
1.3337
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3330
1.3302
1.3352
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling starts a new day on a positive note ahead of BOE Gov Bailey’s speech and
trading around $1.3350 mark. Today pair made intraday high at $1.3352 and low at $1.3318 mark. A
day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close
above $1.3355 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.3320 will check further supports.
USD
1.3320
1.3287
1.3265
1.3238
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above 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
1.2675
R2 S2
1.2699
R3 S3
1.2722
R4
Commentary
S4
1.2754
Buy Above 1.2672
1.2699
1.2647
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2648
1.2620
1.2677
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD rises gradually against U.S. dollar and stabilizes below 1.2650 mark. The pair
made intraday high at 1.2665 and low at 1.2648 mark. Today a day chart is up and H1 chart with triple
EMAsuggests down trend for the time being.Asustained close above 1.2675 on H1 chart requires for
the upside rally.Alternatively, a consistent close below 1.2640 on H1 chart will check key supports too.
USD /CAD
1.2640
1.2620
1.2600
1.2580
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
115.47
R2 S2
115.78
R3 S3
115.99
R4
Commentary
S4
116.24
Buy Above 115.48
115.76
115.22
– Take Profit
– Stop Loss
Trade Idea
Sell Below 115.15
114.82
115.42
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades flat on Thursday and trading around 115.00 mark. The pair made
intraday high at 115.45 and low at 115.30 mark. The triple EMAon a day chart and H1 chart suggest up
trend for the time being. A sustained close above 115.47 on H1 chart requires for the upside rally.
Alternatively, a consistent close below 115.20 on H1 chart will check further key supports.
USD /JPY
115.20
114.88
114.55
114.21
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
1798
R2 S2
1804
R3 S3
1809
R4
Commentary
S4
1814
Buy Above 1796
1804
1792
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1789
1784
1795
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold depreciated sharply in previous session after mixed U.S. key indicators and
hawkish U.S. FOMC Meeting Minutes. Today pair made intraday high at $1,794 and low at $1,786
mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A
sustained close above $1,798 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,782 will check further supports.
XAU [GOLD]
USD
/
1782
1776
1770
1764
NOVEMBER,
2021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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