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11 October 2021
Daily Analysis Report
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Asian Bulle n: Japanese yen falls sharply a er comments from the Japan PM, Asian stock markets in green, gold remains well supported above $1,750 mark
Key Headlines:
• U.S. and Canadian banks will be closed for a day.
• The S&P 500 ended lower on Friday a er data showed weaker jobs growth than expected in September, yet investors s ll expected the Federal Reserve to
begin tapering asset purchases this year – Reuters.
• JPMorgan Chase & Co said Friday it was joining the United Na on's Net-Zero Banking Alliance, a group of global banks that have commi ed to drama cally
reducing their carbon financing and investment ac vi es – Reuters.
• The Canadian economy posted a monster jobs gain in September, pushing employment back to its pre-pandemic levels, and the jobless rate hit an 18-month
low, Sta s cs Canada data indicated on Friday – Reuters.
• Conserva ve firebrand and Texas Republican gubernatorial candidate Allen West was receiving care for COVID-19 in a hospital on Sunday, he said on Twi er,
no ng that his experience with the illness had strengthened his opposi on to vaccine mandates – Reuters.
• Canada's health and long-term care industries are bracing for staff shortages and layoffs, as deadlines for vaccine mandates loom across the country, with
unions pushing federal and provincial governments to so en hard-line stances – Reuters.
• Britain on Sunday recorded 34,574 new cases of COVID-19 and 38 new deaths within 28 days of a posi ve test for coronavirus – Reuters.
• Venezuela on Sunday received a second batch of 2.5 million doses of COVID-19 vaccines via the COVAX mechanism, while the government said it hoped to
reach immunity for 70% of Venezuelans by the end of the month – Reuters.
• Italy reached the target of fully vaccina ng 80% of the popula on over the age of 12 against COVID-19, according to official data, achieving a goal Rome had
set as a safety cut-off point, government data showed on Sunday – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) Japan Prelim Machine Tools orders, previous 85.2.
• (0800 GMT/1330 IST) Italy Industrial Produc on, previous 0.8, expected -0.4.
Economic Events Ahead:
• No key events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.05% to 94.11 points.
3. 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
0.7348
R2 S2
0.7376
R3 S3
0.7410
R4
Commentary
S4
0.7455
Buy Above 0.7340
0.7370
0.7294
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7301
0.7270
0.7325
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie rises gradually against U.S. dollar and remains well supported above $0.7300
mark. It made intraday high at $0.7330 and low at $0.7292 mark.Aday chart is down and H1 chart with
triple EMA suggests up trend for the time being. A sustained close above $0.7348 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
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1578
R2 S2
1.1610
R3 S3
1.1638
R4
Commentary
S4
1.1668
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-
Time Frame: H1
EUR/USD: The Euro starts a new week on a flat note and trading around $1.1570 mark. Today pair
made intraday high at $1.1579 and low at $1.1563. Today triple EMA on a day chart is down and H1
chart suggests up trend for the time being. Aconsistent close above $1.1578 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 1.1580
1.1615
1.1558
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1552
1.1527
1.1576
– 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
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3642
R2 S2
1.3665
R3 S3
1.3682
R4
Commentary
S4
1.3724
Buy Above 1.3660
1.3698
1.3630
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3610
1.3574
1.3651
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling trades marginally higher on Monday and stabilizes above $1.3600. Today pair
made intraday high at $1.3655 and low at $1.3608 mark. A day chart is down and H1 chart with triple
EMAsuggest up trend for the time being.Asustained close above $1.3642 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.3610 will check further supports.
USD
1.3590
1.3565
1.3527
1.3497
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
OCTOBER,
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
1.2485
R2 S2
1.2506
R3 S3
1.2532
R4
Commentary
S4
1.2565
Buy Above 1.2485
1.2520
1.2460
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2452
1.2422
1.2476
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
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Time Frame: H1
USD/CAD: The Canadian dollar appreciates in early Asian hours and touches 1.2450 mark. The pair
made intraday high at 1.2486 and low at 1.2450 mark. Today a day chart and H1 chart with triple EMA
suggests bearish trend for the time being.Asustained close above 1.2485 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2450 on H1 chart will check key supports too.
USD /CAD
1.2450
1.2421
1.2390
1.2365
OCTOBER,
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
112.84
R2 S2
113.26
R3 S3
113.55
R4
Commentary
S4
113.94
Buy Above 112.70
112.99
112.40
– Take Profit
– Stop Loss
Trade Idea
Sell Below 112.21
111.92
112.54
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
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Time Frame: H1
USD/JPY: The Japanese yen falls drastically on Monday after comments from the BOJ PM Kishida and hits
lowest level since Dec 2018. Japanese Prime Minister Fumio Kishida said Sunday he does not plan to change
the country's financial income tax for the time being, after his earlier suggestion of a review apparently cooled
investor sentiment and sent Tokyo stocks lower ahead of a House of Representatives election. The pair made
intraday high at 112.55 and low at 112.11 mark. The triple EMA on a day chart and H1 chart suggests bullish
trend for the time being.Asustained close above 112.84 on H1 chart requires for the upside rally.Alternatively,
a consistent close below 112.20 on H1 chart will check further key supports.
USD /JPY
112.20
111.89
111.55
111.10
OCTOBER,
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
1762
R2 S2
1767
R3 S3
1772
R4
Commentary
S4
1778
Buy Above 1762
1767
1756
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1752
1746
1758
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained highly volatile on previous session after U.S. NFP Job data. Today
pair made intraday high at $1,761 and low at $1,751 mark. A day chart and H1 chart with triple EMA
suggests down trend for the time being. A sustained close above $1,762 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,754 will check further supports. Less volatility is
likely in Gold as U.S. Banks will remain close for the day.
XAU [GOLD]
USD
/
1747
1741
1736
1730
OCTOBER,
2021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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