DAILY ANALYSIS REPORT OCTOBER 07 2021

T

DAILY ANALYSIS REPORT OCTOBER 07 2021

+1 7754 366 970
analysis@tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
07 October 2021
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar depreciated sharply against major peers despite robust U.S. ADP job results, Asian stock markets in green, gold hovers around $1,760 mark
Key Headlines:
• Australia AIG Services Index stands at 45.7 vs 45.6 previous release.
• Wall Street ended higher on Wednesday as investors grew more op mis c that congressional Democrats and Republicans could reach a deal to avert a
government debt default –Reuters.
• Bitcoin spikes up 8.15% to $55,800.92 in early Asian hours.
• The Interna onal Monetary Fund's execu ve board plans to meet again on Friday a er interviewing Managing Director Kristalina Georgieva over claims that
she pressured World Bank staff to alter data to favor China in her previous role, a source familiar with the delibera ons said – Reuters.
• The U.S. Senate postponed a vote to head off a federal debt default on Wednesday as Democrats considered a Republican proposal that could poten ally
defuse the par san standoff that threatens the broader economy – Reuters.
• Sweden and Denmark said on Wednesday they are pausing the use of Moderna's COVID-19 vaccine for younger age groups a er reports of possible rare
cardiovascular side effects – Reuters.
• The U.S. government is commi ng to purchase an addi onal 180 million rapid COVID-19 tests for $1 billion, adding to the $2 billion test buying plan it
announced in September, a top U.S. health official said on Wednesday – Reuters.
• Britain is aiming early next year to be ready to start charging for some previously free COVID-19 tests, two sources close to the health service said, a step one
described as driven by the finance ministry's desire to rein in spending – Reuters.
• Britain dropped its advice against all but essen al travel for 32 countries and territories on Wednesday as it con nued to simplify its coronavirus travel regime
a er progress in figh ng COVID-19 across the world – Reuters.
• Turkey logged 30,438 new COVID-19 cases on Wednesday, the highest number of daily infec ons since April 30, health ministry data showed – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) German Industrial Produc on, previous 1.0, expected -0.4.
• (0600 GMT/1130 IST) U.K. HPI, previous 0.7, expected 1.3.
• (0645 GMT/1215 IST) France Trade Balance, previous -7.0B, expected -6.8B.
• (0800 GMT/1330 IST) Italy Retail Sales, previous -0.4, expected 0.2.
• (1130 GMT/1700 IST) U.S. Challenger Job Cuts, previous -86.4.
• (1230 GMT/1800 IST) U.S. Unemployment Claims weekly, previous 362K, expected 350K.
• (1400 GMT/1930 IST) Canada IVEY PMI, previous 66.0, expected 60.3.
Economic Events Ahead:
• (1130 GMT/1700 IST) ECB Monetary Policy Mee ng Accounts.
• (1600 GMT/2130 IST) Canada BoC Gov Macklem Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.04% to 94.23 points.
AUD / USD
BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
OCTOBER,
2021
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
0.7299
R2 S2
0.7322
R3 S3
0.7348
R4
Commentary
S4
0.7376
Buy Above 0.7290
0.7315
0.7265
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7260
0.7237
0.7287
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie enjoys roller coaster movement and remains well supported below $0.7300
mark. It made intraday high at $0.7289 and low at $0.7267 mark.Aday chart is down and H1 chart with
triple EMA suggests up trend for the time being. A sustained close above $0.7299 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7250 will check further
supports.
0.7250
0.7215
0.7190
0.7170
BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1570
R2 S2
1.1610
R3 S3
1.1638
R4
Commentary
S4
1.1665
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The Euro falls drastically against U.S. dollar and hovers around $1.1550 mark. Today pair
made intraday high at $1.1561 and low at $1.1551. Today triple EMA on a day chart and H1 chart
suggest bearish trend for the time being. A consistent close above $1.1570 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.1537 on H1 chart will check further
supports.
EUR / USD
1.1532
1.1508
1.1482
1.1458
Buy Above 1.1571
1.1595
1.1538
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1528
1.1498
1.1555
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
OCTOBER,
2021
BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3599
R2 S2
1.3622
R3 S3
1.3658
R4
Commentary
S4
1.3682
Buy Above 1.3599
1.3632
1.3570
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3551
1.3516
1.3586
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling trades flat on Thursday ahead of U.K.’s HPI results. Today pair made intraday
high at $1.3597 and low at $1.3575 mark. A day chart and H1 chart with triple EMA suggest bearish
trend for the time being. A sustained close above $1.3599 on H1 chart will check key resistances.
Alternatively, a consistent close below $1.3550 will check further supports.
USD
1.3550
1.3510
1.3480
1.3455
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
OCTOBER,
2021
BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
1.2599
R2 S2
1.2630
R3 S3
1.2648
R4
Commentary
S4
1.2676
Buy Above 1.2599
1.2630
1.2570
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2566
1.2541
1.2592
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar moves in rigid boundaries and consolidates around 1.2580 mark.
The pair made intraday high at 1.2593 and low at 1.2572 mark. Today a day chart is up and H1 chart
with triple EMAsuggests bearish trend for the time being.Asustained close above 1.2599 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2562 on H1 chart will check key
supports too.
USD /CAD
1.2562
1.2538
1.2510
1.2480
OCTOBER,
2021
BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
111.77
R2 S2
111.99
R3 S3
112.26
R4
Commentary
S4
112.57
Buy Above 111.60
111.95
111.32
– Take Profit
– Stop Loss
Trade Idea
Sell Below 111.24
110.89
111.50
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades flat on Thursday and consolidates around 111.50 mark. The pair
made intraday high at 111.51 and low at 111.31 mark. The triple EMA on a day chart and H1 chart
suggests up trend for the time being. A sustained close above 111.77 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 111.22 on H1 chart will check further key supports.
USD /JPY
111.22
110.80
110.62
110.40
OCTOBER,
2021
BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
1764
R2 S2
1770
R3 S3
1776
R4
Commentary
S4
1782
Buy Above 1764
1771
1758
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1754
1748
1760
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold recovered previous losses despite higher than expected U.S.ADP Job data
and currently trading around $1,760 mark. Today pair made intraday high at $1,764 and low at $1,757
mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A
sustained close above $1,764 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,757 will check further supports.
XAU [GOLD]
USD
/
1757
1752
1747
1741
OCTOBER,
2021
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
L
O
B
A
L
F
X
/tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx
that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently,
investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such
trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading,
to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this
website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your
personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of
Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and
operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does
not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note

Más contenido relacionado

DAILY ANALYSIS REPORT OCTOBER 07 2021

  • 1. +1 7754 366 970 analysis@tpglobalfx.com R E P O R T F R O M : T P G LO B A L F X 07 October 2021 Daily Analysis Report
  • 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar depreciated sharply against major peers despite robust U.S. ADP job results, Asian stock markets in green, gold hovers around $1,760 mark Key Headlines: • Australia AIG Services Index stands at 45.7 vs 45.6 previous release. • Wall Street ended higher on Wednesday as investors grew more op mis c that congressional Democrats and Republicans could reach a deal to avert a government debt default –Reuters. • Bitcoin spikes up 8.15% to $55,800.92 in early Asian hours. • The Interna onal Monetary Fund's execu ve board plans to meet again on Friday a er interviewing Managing Director Kristalina Georgieva over claims that she pressured World Bank staff to alter data to favor China in her previous role, a source familiar with the delibera ons said – Reuters. • The U.S. Senate postponed a vote to head off a federal debt default on Wednesday as Democrats considered a Republican proposal that could poten ally defuse the par san standoff that threatens the broader economy – Reuters. • Sweden and Denmark said on Wednesday they are pausing the use of Moderna's COVID-19 vaccine for younger age groups a er reports of possible rare cardiovascular side effects – Reuters. • The U.S. government is commi ng to purchase an addi onal 180 million rapid COVID-19 tests for $1 billion, adding to the $2 billion test buying plan it announced in September, a top U.S. health official said on Wednesday – Reuters. • Britain is aiming early next year to be ready to start charging for some previously free COVID-19 tests, two sources close to the health service said, a step one described as driven by the finance ministry's desire to rein in spending – Reuters. • Britain dropped its advice against all but essen al travel for 32 countries and territories on Wednesday as it con nued to simplify its coronavirus travel regime a er progress in figh ng COVID-19 across the world – Reuters. • Turkey logged 30,438 new COVID-19 cases on Wednesday, the highest number of daily infec ons since April 30, health ministry data showed – Reuters. Economic Data Ahead: • (0600 GMT/1130 IST) German Industrial Produc on, previous 1.0, expected -0.4. • (0600 GMT/1130 IST) U.K. HPI, previous 0.7, expected 1.3. • (0645 GMT/1215 IST) France Trade Balance, previous -7.0B, expected -6.8B. • (0800 GMT/1330 IST) Italy Retail Sales, previous -0.4, expected 0.2. • (1130 GMT/1700 IST) U.S. Challenger Job Cuts, previous -86.4. • (1230 GMT/1800 IST) U.S. Unemployment Claims weekly, previous 362K, expected 350K. • (1400 GMT/1930 IST) Canada IVEY PMI, previous 66.0, expected 60.3. Economic Events Ahead: • (1130 GMT/1700 IST) ECB Monetary Policy Mee ng Accounts. • (1600 GMT/2130 IST) Canada BoC Gov Macklem Speaks. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.04% to 94.23 points.
  • 3. AUD / USD BUY SELL R E P O R T F R O M : T P G LO B A L F X OCTOBER, 2021 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 0.7299 R2 S2 0.7322 R3 S3 0.7348 R4 Commentary S4 0.7376 Buy Above 0.7290 0.7315 0.7265 – Take Profit – Stop Loss Trade Idea Sell Below 0.7260 0.7237 0.7287 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie enjoys roller coaster movement and remains well supported below $0.7300 mark. It made intraday high at $0.7289 and low at $0.7267 mark.Aday chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7299 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7250 will check further supports. 0.7250 0.7215 0.7190 0.7170
  • 4. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.1570 R2 S2 1.1610 R3 S3 1.1638 R4 Commentary S4 1.1665 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The Euro falls drastically against U.S. dollar and hovers around $1.1550 mark. Today pair made intraday high at $1.1561 and low at $1.1551. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1570 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1537 on H1 chart will check further supports. EUR / USD 1.1532 1.1508 1.1482 1.1458 Buy Above 1.1571 1.1595 1.1538 – Take Profit – Stop Loss Trade Idea Sell Below 1.1528 1.1498 1.1555 – Take Profit – Stop Loss Trade Idea Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 OCTOBER, 2021
  • 5. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.3599 R2 S2 1.3622 R3 S3 1.3658 R4 Commentary S4 1.3682 Buy Above 1.3599 1.3632 1.3570 – Take Profit – Stop Loss Trade Idea Sell Below 1.3551 1.3516 1.3586 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The sterling trades flat on Thursday ahead of U.K.’s HPI results. Today pair made intraday high at $1.3597 and low at $1.3575 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.3599 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3550 will check further supports. USD 1.3550 1.3510 1.3480 1.3455 GBP/ Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 OCTOBER, 2021
  • 6. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 1.2599 R2 S2 1.2630 R3 S3 1.2648 R4 Commentary S4 1.2676 Buy Above 1.2599 1.2630 1.2570 – Take Profit – Stop Loss Trade Idea Sell Below 1.2566 1.2541 1.2592 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The Canadian dollar moves in rigid boundaries and consolidates around 1.2580 mark. The pair made intraday high at 1.2593 and low at 1.2572 mark. Today a day chart is up and H1 chart with triple EMAsuggests bearish trend for the time being.Asustained close above 1.2599 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2562 on H1 chart will check key supports too. USD /CAD 1.2562 1.2538 1.2510 1.2480 OCTOBER, 2021
  • 7. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 111.77 R2 S2 111.99 R3 S3 112.26 R4 Commentary S4 112.57 Buy Above 111.60 111.95 111.32 – Take Profit – Stop Loss Trade Idea Sell Below 111.24 110.89 111.50 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen trades flat on Thursday and consolidates around 111.50 mark. The pair made intraday high at 111.51 and low at 111.31 mark. The triple EMA on a day chart and H1 chart suggests up trend for the time being. A sustained close above 111.77 on H1 chart requires for the upside rally.Alternatively, a consistent close below 111.22 on H1 chart will check further key supports. USD /JPY 111.22 110.80 110.62 110.40 OCTOBER, 2021
  • 8. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 1764 R2 S2 1770 R3 S3 1776 R4 Commentary S4 1782 Buy Above 1764 1771 1758 – Take Profit – Stop Loss Trade Idea Sell Below 1754 1748 1760 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold recovered previous losses despite higher than expected U.S.ADP Job data and currently trading around $1,760 mark. Today pair made intraday high at $1,764 and low at $1,757 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,764 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,757 will check further supports. XAU [GOLD] USD / 1757 1752 1747 1741 OCTOBER, 2021
  • 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com R E P O R T F R O M : T P G L O B A L F X /tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia. Disclamer: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note