DAILY ANALYSIS REPORT OCTOBER 08 2021

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DAILY ANALYSIS REPORT OCTOBER 08 2021

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analysis@tpglobalfx.com
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08 October 2021
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen spikes down sharply a er mixed economic results, most Asian stock markets in green, gold hovers around $1,760 mark, Markets eye U.S.
NFP Job Results
Key Headlines:
• U.S. Consumer Credit Stands at 14.4B vs 17.3B previous release.
• Japan average cash earnings stand at 0.7 pct vs 0.6 pct previous release.
• Japan household spending stands at -3.0 pct vs 0.7 pct previous release.
• Japan Current account stands at 1.04T vs 1.41T previous release.
• China CAIXIN Services PMI stands at 53.4 vs 46.7 previous release.
• Breaking News: The Senate dodged a U.S. debt disaster Thursday night, vo ng to extend the government’s borrowing authority into December and
temporarily avert an unprecedented federal default that experts warned would devastate the economy and harm millions of Americans – Market Watch.
• Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved
concerns of a possible government debt default this month - Reuters.
• Oil futures rebounded on Thursday, as the market deemed it unlikely that the United States would release emergency crude reserves or ban exports to ease
ght supplies – Reuters.
• Pfizer Inc and BioNTech SE have asked U.S. regulators to authorize emergency use of their COVID-19 vaccine for children ages 5 to 11, a group for whom no
shot is currently allowed, Pfizer said on Thursday – Reuters.
• Pfizer Inc's new vaccine for children aged five to 11 could be ready as early as November pending approval from federal regulatory health agencies, White
House COVID-19 response coordinator Jeffrey Zients said on Thursday – Reuters.
• Britain recorded 40,701 new cases of COVID-19 on Thursday, up 12% on a week ago and marking the biggest total since Sept. 6, government data showed –
Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) German Trade Balance, previous 17.9B, expected 15.7B.
• (1230 GMT/1800 IST) Canada Employment Change, previous 90.2K, expected 59.5K.
• (1230 GMT/1800 IST) Canada Unemployment Rate, previous 7.1, expected 6.9.
• (1230 GMT/1800 IST) U.S. NFP Job results, previous 235K, expected 490K.
• (1230 GMT/1800 IST) U.S. Unemployment rate, previous 5.2, expected 5.1.
Economic Events Ahead:
• Tenta ve – U.K. FPC Statement.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.01% to 94.21 points.
AUD / USD
BUY SELL
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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
0.7322
R2 S2
0.7348
R3 S3
0.7376
R4
Commentary
S4
0.7410
Buy Above 0.7330
0.7357
0.7305
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7301
0.7270
0.7325
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: TheAussie remains almost unchanged after RBA’s Financial Stability Review Report and
stabilizes above $0.73 mark. It made intraday high at $0.7323 and low at $0.7307 mark.Aday chart is
down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$0.7322 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7290 will
check further supports.
0.7290
0.7270
0.7240
0.7202
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1570
R2 S2
1.1610
R3 S3
1.1638
R4
Commentary
S4
1.1665
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-
Time Frame: H1
EUR/USD: The Euro remains almost unchanged on Friday and trading around $1.1550 mark. Today
pair made intraday high at $1.1560 and low at $1.1548. Today triple EMAon 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
1.1537
1.1508
1.1482
1.1458
Buy Above 1.1570
1.1597
1.1540
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1537
1.1501
1.1565
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
OCTOBER,
2021
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3632
R2 S2
1.3658
R3 S3
1.3682
R4
Commentary
S4
1.3724
Buy Above 1.3628
1.3660
1.3600
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3591
1.3561
1.3620
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling moves in rigid boundaries ahead of U.K’s FPC statement and consolidates
around $1.3600 mark. Today pair made intraday high at $1.3623 and low at $1.3607 mark.Aday chart
is down and H1 chart with triple EMA suggest up trend for the time being. A sustained close above
$1.3632 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3590 will
check further supports.
USD
1.3590
1.3565
1.3527
1.3497
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
OCTOBER,
2021
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
1.2562
R2 S2
1.2599
R3 S3
1.2630
R4
Commentary
S4
1.2648
Buy Above 1.2564
1.2590
1.2533
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2528
1.2500
1.2557
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar rises gradually against U.S. dollar ahead of Canada’s Employment
Change results and hovers around 1.2550 mark. The pair made intraday high at 1.2562 and low at
1.2533 mark. Today a day chart and H1 chart with triple EMA suggests bearish trend for the time
being. A sustained close above 1.2562 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 1.2532 on H1 chart will check key supports too.
USD /CAD
1.2532
1.2510
1.2480
1.2462
OCTOBER,
2021
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
112.26
R2 S2
112.57
R3 S3
112.84
R4
Commentary
S4
113.26
Buy Above 112.05
112.33
111.76
– Take Profit
– Stop Loss
Trade Idea
Sell Below 111.61
111.31
111.96
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen weakens drastically in early Asia after mixed economic results and
trading around 111.90 mark. The pair made intraday high at 111.87 and low at 111.57 mark. The triple
EMAon a day chart and H1 chart suggests up trend for the time being.Asustained close above 112.05
on H1 chart requires for the upside rally.Alternatively, a consistent close below 111.58 on H1 chart will
check further key supports.
USD /JPY
111.58
111.22
110.80
110.62
OCTOBER,
2021
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
1762
R2 S2
1767
R3 S3
1772
R4
Commentary
S4
1778
Buy Above 1762
1769
1756
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1752
1745
1757
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold enjoys roller coaster movement ahead of U.S. NFP Job results and hovers
around $1,760 mark. Today pair made intraday high at $1,760 and low at $1,753 mark. A day chart
and H1 chart with triple EMAsuggests down trend for the time being.Asustained close above $1,762
on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,755 will check
further supports.
XAU [GOLD]
USD
/
1752
1747
1741
1736
OCTOBER,
2021
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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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 08 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 08 October 2021 Daily Analysis Report
  • 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen spikes down sharply a er mixed economic results, most Asian stock markets in green, gold hovers around $1,760 mark, Markets eye U.S. NFP Job Results Key Headlines: • U.S. Consumer Credit Stands at 14.4B vs 17.3B previous release. • Japan average cash earnings stand at 0.7 pct vs 0.6 pct previous release. • Japan household spending stands at -3.0 pct vs 0.7 pct previous release. • Japan Current account stands at 1.04T vs 1.41T previous release. • China CAIXIN Services PMI stands at 53.4 vs 46.7 previous release. • Breaking News: The Senate dodged a U.S. debt disaster Thursday night, vo ng to extend the government’s borrowing authority into December and temporarily avert an unprecedented federal default that experts warned would devastate the economy and harm millions of Americans – Market Watch. • Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month - Reuters. • Oil futures rebounded on Thursday, as the market deemed it unlikely that the United States would release emergency crude reserves or ban exports to ease ght supplies – Reuters. • Pfizer Inc and BioNTech SE have asked U.S. regulators to authorize emergency use of their COVID-19 vaccine for children ages 5 to 11, a group for whom no shot is currently allowed, Pfizer said on Thursday – Reuters. • Pfizer Inc's new vaccine for children aged five to 11 could be ready as early as November pending approval from federal regulatory health agencies, White House COVID-19 response coordinator Jeffrey Zients said on Thursday – Reuters. • Britain recorded 40,701 new cases of COVID-19 on Thursday, up 12% on a week ago and marking the biggest total since Sept. 6, government data showed – Reuters. Economic Data Ahead: • (0600 GMT/1130 IST) German Trade Balance, previous 17.9B, expected 15.7B. • (1230 GMT/1800 IST) Canada Employment Change, previous 90.2K, expected 59.5K. • (1230 GMT/1800 IST) Canada Unemployment Rate, previous 7.1, expected 6.9. • (1230 GMT/1800 IST) U.S. NFP Job results, previous 235K, expected 490K. • (1230 GMT/1800 IST) U.S. Unemployment rate, previous 5.2, expected 5.1. Economic Events Ahead: • Tenta ve – U.K. FPC Statement. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.01% to 94.21 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 0.7322 R2 S2 0.7348 R3 S3 0.7376 R4 Commentary S4 0.7410 Buy Above 0.7330 0.7357 0.7305 – Take Profit – Stop Loss Trade Idea Sell Below 0.7301 0.7270 0.7325 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: TheAussie remains almost unchanged after RBA’s Financial Stability Review Report and stabilizes above $0.73 mark. It made intraday high at $0.7323 and low at $0.7307 mark.Aday chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7322 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7290 will check further supports. 0.7290 0.7270 0.7240 0.7202
  • 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 remains almost unchanged on Friday and trading around $1.1550 mark. Today pair made intraday high at $1.1560 and low at $1.1548. Today triple EMAon 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 1.1537 1.1508 1.1482 1.1458 Buy Above 1.1570 1.1597 1.1540 – Take Profit – Stop Loss Trade Idea Sell Below 1.1537 1.1501 1.1565 – Take Profit – Stop Loss Trade Idea Trends Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above 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 1.3632 R2 S2 1.3658 R3 S3 1.3682 R4 Commentary S4 1.3724 Buy Above 1.3628 1.3660 1.3600 – Take Profit – Stop Loss Trade Idea Sell Below 1.3591 1.3561 1.3620 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The sterling moves in rigid boundaries ahead of U.K’s FPC statement and consolidates around $1.3600 mark. Today pair made intraday high at $1.3623 and low at $1.3607 mark.Aday chart is down and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $1.3632 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3590 will check further supports. USD 1.3590 1.3565 1.3527 1.3497 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 1.2562 R2 S2 1.2599 R3 S3 1.2630 R4 Commentary S4 1.2648 Buy Above 1.2564 1.2590 1.2533 – Take Profit – Stop Loss Trade Idea Sell Below 1.2528 1.2500 1.2557 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The Canadian dollar rises gradually against U.S. dollar ahead of Canada’s Employment Change results and hovers around 1.2550 mark. The pair made intraday high at 1.2562 and low at 1.2533 mark. Today a day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above 1.2562 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2532 on H1 chart will check key supports too. USD /CAD 1.2532 1.2510 1.2480 1.2462 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 112.26 R2 S2 112.57 R3 S3 112.84 R4 Commentary S4 113.26 Buy Above 112.05 112.33 111.76 – Take Profit – Stop Loss Trade Idea Sell Below 111.61 111.31 111.96 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen weakens drastically in early Asia after mixed economic results and trading around 111.90 mark. The pair made intraday high at 111.87 and low at 111.57 mark. The triple EMAon a day chart and H1 chart suggests up trend for the time being.Asustained close above 112.05 on H1 chart requires for the upside rally.Alternatively, a consistent close below 111.58 on H1 chart will check further key supports. USD /JPY 111.58 111.22 110.80 110.62 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 1762 R2 S2 1767 R3 S3 1772 R4 Commentary S4 1778 Buy Above 1762 1769 1756 – Take Profit – Stop Loss Trade Idea Sell Below 1752 1745 1757 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold enjoys roller coaster movement ahead of U.S. NFP Job results and hovers around $1,760 mark. Today pair made intraday high at $1,760 and low at $1,753 mark. A day chart and H1 chart with triple EMAsuggests down trend for the time being.Asustained close above $1,762 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,755 will check further supports. XAU [GOLD] USD / 1752 1747 1741 1736 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