DAILY ANALYSIS REPORT OCTOBER 06 2021

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06 October 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar traders marginally higher against major peers ahead of U.S. ADP Job Data, Asian stock markets mixed, gold hovers around $1,750 mark
Key Headlines:
• Chinese banks will be closed in observance of Na onal Day.
• New Zealand RBNZ hikes key interest rate by 0.25 basis points to 0.50 pct.
• Wall Street ended sharply higher on Tuesday, as Microso and Apple spearheaded a strong rebound in growth stocks and investors awaited monthly payrolls
data later this week that could influence the U.S. Federal Reserve's decision on when to scale back monetary s mulus – Reuters.
• French President Emmanuel Macron said on Tuesday he hoped to close a ri with U.S. counterpart Joe Biden when the pair meet in Rome at the end of
October, saying he wanted the long- me allies to work together once again "in good faith" – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) German Factory Orders, previous 3.4, expected -2.3.
• (0830 GMT/1400 IST) U.K. Construc on PMI, previous 55.2, expected 53.9.
• (0900 GMT/1430 IST) Euro Retail Sales, previous -2.3, expected 0.7.
• (1215 GMT/1745 IST) U.S. ADP Job Results, previous 374K, expected 425K.
Economic Events Ahead:
• (1300 GMT/1830 IST) U.S. FOMC member Bos c Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.06% to 94.03 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
0.7299
R2 S2
0.7322
R3 S3
0.7348
R4
Commentary
S4
0.7376
Buy Above 0.7300
0.7322
0.7278
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7249
0.7227
0.7282
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie falls marginally after RBA’s Monetary Policy Statement and stabilizes below
$0.73 mark. It made intraday high at $0.7293 and low at $0.7261 mark. A day 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
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1610
R2 S2
1.1638
R3 S3
1.1665
R4
Commentary
S4
1.1690
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-
Time Frame: H1
EUR/USD: The Euro trades almost flat on Wednesday ahead of Euro’s Retail Sales results and
remains well supported below $1.1600 mark. Today pair made intraday high at $1.1600 and low at
$1.1588. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A
consistent close above $1.1610 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.1589 on H1 chart will check further supports.
EUR / USD
1.1589
1.1562
1.1532
1.1508
Buy Above 1.1610
1.1630
1.1585
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1578
1.1552
1.1602
– 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
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3622
R2 S2
1.3658
R3 S3
1.3682
R4
Commentary
S4
1.3710
Buy Above 1.3630
1.3665
1.3600
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3586
1.3557
1.3624
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling starts a new day on a lower note ahead of Construction PMI results and
trading above $1.3600 mark. Today pair made intraday high at $1.3631 and low at $1.3611 mark. A
day chart is down and H1 chart with triple EMA suggest up trend for the time being. A sustained close
above $1.3641 on H1 chart will check key resistances.Alternatively, a consistent close below $1.3589
will check further supports.
USD
1.3589
1.3570
1.3540
1.3510
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
1.2630
R2 S2
1.2648
R3 S3
1.2676
R4
Commentary
S4
1.2690
Buy Above 1.2630
1.2665
1.2590
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2576
1.2541
1.2602
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar falls on Wednesday and hovers around 1.2600 mark. The pair made
intraday high at 1.2602 and low at 1.2573 mark. Today a day chart is up and H1 chart with triple EMA
suggests bearish trend for the time being.Asustained close above 1.2630 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
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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
111.76
R2 S2
111.99
R3 S3
112.26
R4
Commentary
S4
112.57
Buy Above 111.76
112.02
111.37
– Take Profit
– Stop Loss
Trade Idea
Sell Below 111.32
111.06
111.63
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen falls gradually against U.S. dollar and remains well supported above
111.50 mark. The pair made intraday high at 111.64 and low at 111.41 mark. The triple EMA on a day
chart and H1 chart suggests up trend for the time being. A sustained close above 111.76 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 111.40 on H1 chart will check
further key supports.
USD /JPY
111.37
111.10
110.80
110.62
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
1768
1757
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1747
1741
1754
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold slightly lower on Wednesday ahead of U.S. ADP Job data and trading
around $1,755 mark. Today pair made intraday high at $1,760 and low at $1,754 mark. A day chart
and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above
$1,762 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,752 will
check further supports.
XAU [GOLD]
USD
/
1747
1741
1736
1730
OCTOBER,
2021

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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