Daily Analysis Report
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05 August, 2020

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Asian Bulle n: New Zealand dollar strengthens on robust job data; gold hits historical high at $2,031 mark; Asian stock markets mixed
Asian Headlines:
• Australia AIG construc on index stands at 42.7 vs 35.5 previous release.
• New Zealand employment change q/q stands at -0.4 pct vs 1.0 pct previous release (expected -2.0).
• New Zealand unemployment rate stands at 4.0 pct vs 4.2 pct previous release (expected 5.6).
• China Caixin services PMI stands at 54.3 vs 58.4 previous release (expected 58.0).
Economic Data Ahead:
• (0315 ET/0715 GMT) Spanish services PMI, previous 50.2, expected 52.3.
• (0345 ET/0745 GMT) Italian services PMI, previous 46.4, expected 51.2.
• (0350 ET/0750 GMT) France services PMI, previous 57.8, expected 57.8.
• (0355 ET/0755 GMT) German services OMI, previous 56.7, expected 56.7.
• (0400 ET/0800 GMT) Euro services PMI, previous 55.1, expected 55.1.
• (0430 ET/0830 GMT) U.K. services PMI, previous 56.6, expected 56.6.
• (0500 ET/0900 GMT) Euro retail sales, previous 17.8 pct, expected 6.5 pct.
• (0815 ET/1215 GMT) U.S. ADP job data, previous 2369K, expected 1200K.
• (0830 ET/1230 GMT) Canada trade balance, previous -0.7B, expected -0.6B.
• (0830 ET/1230 GMT) U.S. trade balance, previous -54.6B, expected -50.3B.
• (0945 ET/1345 GMT) U.S. services PMI, previous 49.6, expected 49.6.
• (1000 ET/1400 GMT) U.S. ISM non manufacturing PMI, previous 57.1, expected 55.0.
Economic Events Ahead:
• (0800 ET/1200 GMT) BoJ Governor Kuroda’s speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.28% to 93.12.
USD/JPY: The Japanese yen trades marginally higher against U.S. dollar and slips back below 106.00 mark. A sustained close above 105.70 will take the parity higher
towards key resistance around 106.22, 106.90, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 105.70 will drag
the parity down towards 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie rises on robust AIG construc on index data. The pair made intraday high at $0.7190 and low at $0.7153 marks. On the top side key resistances are
seen at $0.7193, $0.7247, $0.7286 and $0.7344 mark respec vely. On the other hand, a consistent close below $0.7158 will take the parity down towards key supports
around $0.7123, $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi strengthens on higher than expected job data and lower unemployment rate as well. Pair made intraday high at $0.6649 and low at $0.6613 mark.
Key resistances are seen at $0.6689, $0.6715, $0.6766, $0.6782 and $0.6824 mark respec vely. Alterna vely, a consistent close below $0.6612 will drag the parity down
towards key supports around $0.6576, $0.6530, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee trades marginally higher in opening hours and stabilizes below 75.00 mark. The pair made intraday high at 74.89 and low at 74.72. A
sustained close below 74.89 marks will drag the parity down towards 74.37, 74.00, 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the top side key resistances are
seen at 75.12, 75.39, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro trades flat ahead of services PMI data and remains well supported above $1.18 mark against U.S. dollar. The pair made intraday high at $1.1821 and
low at $1.1792 mark. A sustained close above $1.1802 tests key resistances at $1.1846, $1.1909, $1.1948, $1.1976 and $1.1999 mark respec vely. On the other side, a
sustained close below $1.1762 will target key supports around $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound moves in rigid boundaries against U.S. dollar and consolidates around $1.3070 mark. A sustained close above $1.3094 will drag the parity up
towards $1.3155, $1.3176 and $1.3212 mark respec vely. Key support levels are seen at $1.3054, $1.3004, $1.2950, $1.2838, $1.2775, $1.2717, $1.2661, $1.2510,
$1.2457 and $1.2422 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold touches historical high at $2,031 in early Asia. Today pair made intraday high at $2,031 and low at $2,009 mark. A sustained close above $2,019
requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,987, $1,956, $1,947, $1,942, $1,931,
$1,912, $1,907, $1,881 and $1,862 mark respec vely. Key resistances are seen at $2,031, $2,054, $2,062, $2,071 and $2,082 mark respec vely.
XAG/USD (Silver): Silver touches $26.32 mark, hits highest level since April 2013. A sustained close above $26.00 requires for upside rally. Key support levels are seen at
$24.02, $23.48, $23.24, $22.72, $22.38, $21.90, $21.50, $21.30 and $20.50 marks respec vely. Key resistances are seen at $26.32, $26.48 and $26.72 marks respec vely.

AUD / USD
REPORTFROM:TPGLOBALFXAUGUST,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 0.71673 S1 0.71205
Buy Above 0.72041
0.72198
0.71394
0.71394
0.71191
0.72041
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.71817 S2 0.71061
R3 0.72051 S3 0.70827
R4 0.72429 S4 0.70449
Conclusion
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0.71439

EUR / USD
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Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.18086 S1 1.17436
Buy Above 1.18273
1.18613
1.17209
1.17209
1.16822
1.18273
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18286 S2 1.17236
R3 1.18611 S3 1.16911
R4 1.19136 S4 1.16386
Conclusion
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1.17761
AUGUST,2020

GBP / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.31014 S1 1.30048
Buy Above 1.31312
1.31634
1.30259
1.30259
1.29887
1.31312
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31313 S2 1.29749
R3 1.31796 S3 1.29266
R4 1.32578 S4 1.28484
Conclusion
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1.30531
AUGUST,2020

USD /CAD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.33911 S1 1.33127
Buy Above 1.33293
1.33629
1.32604
1.32604
1.32119
1.33293
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.34152 S2 1.32886
R3 1.34544 S3 1.32494
R4 1.35177 S4 1.31861
Conclusion
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1.33519
Trend Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
AUGUST,2020

USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 106.055 S1 105.629
Buy Above 106.053
106.250
105.390
105.390
105.092
106.053
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 106.186 S2 105.498
R3 106.399 S3 105.285
R4 106.743 S4 104.941
Conclusion
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105.842
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
AUGUST,2020

XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 2022.01 S1 1981.27
Buy Above 2025.02
2030.52
1991.65
1991.65
1986.15
2025.02
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 2034.60 S2 1968.68
R3 2054.97 S3 1948.31
R4 S4 1915.35
Conclusion
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2001.64
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
2087.93
AUGUST,2020

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