DAILY ANALYSIS REPORT SEPTEMBER 29 2021

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analysis@tpglobalfx.com
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29 September 2021
Daily Analysis Report

+1 7754 366 970
Asian Bulle n: U.S. dollar remains vola le against major peers as U.S. comes closer to deadline for Congress to pass a funding measure, Asian stock markets in red, gold
hovers around $1,740 mark
Key Headlines:
• U.K. BRC Shop price Index stands at -0.5 pct vs -0.8 pct previous release.
• Wall Street stocks ended sharply lower on Tuesday in a broad sell-off driven by rising U.S. Treasury yields, deepening concerns over persistent infla on, and
conten ous debt ceiling nego a ons in Washington – Reuters.
• U.S. Treasury Secretary Janet Yellen said on Tuesday she is looking for G20 countries to reach a poli cal agreement on a global minimum tax deal at the G20
summit in October and has not ruled out a rate higher than 15% - Reuters.
• Canada's decision on whether to ban Huawei (HWT.UL) 5G gear, as all the other members of the so-called Five Eyes intelligence-sharing network have done, is
likely to be made in "coming weeks," Prime Minister Jus n Trudeau said on Tuesday – Reuters.
• Wall Street stocks ended sharply lower on Tuesday in a broad sell-off driven by rising U.S. Treasury yields, deepening concerns over persistent infla on, and
conten ous debt ceiling nego a ons in Washington – Reuters.
• The U.S. labor market is in a "jumble" as workers sort out child care and navigate an ongoing pandemic, but the country remains on track for a full recovery,
Atlanta Fed president Raphael Bos c said on Tuesday – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) German Import Price, previous 2.2, expected 0.8.
• (0700 GMT/1230 IST) Spain Flash CPI, previous 3.3, expected 3.5.
• (1230 GMT/1800 IST) Canada IPPI, previous -0.4, expected -0.2.
• (1400 GMT/1930 IST) U.S. Pending Home Sales, Previous -1.8, expected 1.1.
Economic Events Ahead:
• (1300 GMT/1830 IST) Swiss SNB Quarterly Bulle n.
• (1545 GMT/2115 IST) BOE Gov Bailey, BOJ Gov Kuroda, Fed Chair Powell and ECB president Lagarde 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 93.73 points.

AUD / USD
BUY SELL
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SEPTEMBER,
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
0.7255
R2 S2
0.7290
R3 S3
0.7315
R4
Commentary
S4
0.7350
Buy Above 0.7255
0.7282
0.7227
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7222
0.7202
0.7248
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
AUD/USD: The Aussie trades ﬂat on Wednesday and hovers around $0.7250 mark. It made intraday
high at $0.7250 and low at $0.7227 mark. A day chart and H1 chart with triple EMA suggests bearish
trend for the time being. A sustained close above $0.7255 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $0.7215 will check further supports.
0.7215
0.7180
0.7165
0.7140

BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1722
R2 S2
1.1755
R3 S3
1.1780
R4
Commentary
S4
1.1806
+1 7754 366 970
-
Time Frame: H1
EUR/USD: The Euro trades ﬂat on Wednesday and stabilizes below $1.17 mark. Today pair made
intraday high at $1.1690 and low at $1.1678. Today triple EMA on a day chart and H1 chart suggest
bearish trend for the time being.Aconsistent close above $1.1698 on H1 chart requires for the upside
rally.Alternatively, a sustained close below $1.1670 on H1 chart will check further supports.
EUR / USD
1.1655
1.1620
1.1601
1.1580
Buy Above 1.1698
1.1728
1.1665
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1662
1.1640
1.1690
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
SEPTEMBER,
2021

BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3597
R2 S2
1.3622
R3 S3
1.3650
R4
Commentary
S4
1.3682
Buy Above 1.3599
1.3638
1.3565
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3522
1.3489
1.3557
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
GBP/USD: The sterling fell drastically in previous session and slips below $1.3600 mark. Today it
exhibits range bound movement and consolidates around $1.3540 mark. Today pair made intraday
high at $1.3547 and low at $1.3525 mark. A day chart and H1 chart with triple EMA suggest bearish
trend for the time being. A sustained close above $1.3597 on H1 chart will check key resistances.
Alternatively, a consistent close below $1.3527 will check further supports.
USD
1.3522
1.3490
1.3465
1.3418
GBP/
Trends Down Trend
SEPTEMBER,
2021

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
1.2699
R2 S2
1.2722
R3 S3
1.2740
R4
Commentary
S4
1.2772
Buy Above 1.2710
1.2740
1.2665
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2657
1.2624
1.2693
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
USD/CAD: The Canadian dollar falls on Wednesday and hovers around key resistance at 1.2690
mark. The pair made intraday high at 1.2700 and low at 1.2668 mark. Today a day chart and H1 chart
with triple EMAsuggests bullish trend for the time being. Asustained close above 1.2699 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2670 on H1 chart will check key
supports too.
USD /CAD
1.2670
1.2642
1.2621
1.2601
SEPTEMBER,
2021

BUY SELL
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Technical Summary
Trend Up Trend
H 1
FIBO Levels PIVOT
R1 S1
111.78
R2 S2
112.02
R3 S3
112.32
R4
Commentary
S4
112.70
Buy Above 111.70
112.05
111.38
– Take Profit
– Stop Loss
Trade Idea
Sell Below 111.28
110.98
111.57
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
USD/JPY: The Japanese yen depreciates gradually in early Asia and touches 111.68 mark. The pair
made intraday high at 111.68 and low at 111.44 mark. The triple EMA on a day chart and H1 chart
suggests bullish trend for the time being. A sustained close above 111.64 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
111.11
110.90
110.55
110.37
SEPTEMBER,
2021

BUY SELL
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Technical Summary
Trends Up Trend
H 1
FIBO Levels PIVOT
R1 S1
1744
R2 S2
1748
R3 S3
1754
R4
Commentary
S4
1760
Buy Above 1744
1751
1737
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1732
1725
1738
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
XAU/USD (GOLD): Gold appreciates on Wednesday and hovers around $1,740 mark. Today pair made
intraday high at $1,741 and low at $1,733 mark. A day chart and H1 chart with triple EMA suggests bearish
trend for the time being.Asustained close above $1,748 on H1 chart requires for the upside rally.Alternatively,
a consistent close below $1,730 will check further supports. Important to note here that Sept. 30 marks the end
of the Federal Government’s ﬁscal year and the deadline for Congress to pass a funding measure. The debt
ceiling, which is the amount of money lawmakers authorize the Treasury Department to borrow, must be
suspended or raised by Oct. 18, according to Treasury Secretary Janet Yellen, or the U.S. likely will default on
its debt.
XAU [GOLD]
USD
/
1728
1721
1715
1709
SEPTEMBER,
2021

Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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DAILY ANALYSIS REPORT SEPTEMBER 29 2021