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Asian Bulle n: Japanese yen remains almost unchanged a er prelim GDP, industrial produc on data; Asian stock markets mixed; gold hovers around $1,940 mark
Asian Headlines:
• U.K. HPI m/m stands at -0.2 pct vs -0.2 pct previous release.
• Japan prelim GDP price index stands at 1.5 pct vs 0.9 pct previous release (expected 1.9 pct).
• Japan prelim GDP q/q stands at -7.8 pct vs -0.6 pct previous release (expected -7.5).
• Singapore non – oil exports m/m stands at 1.2 pct vs -1.4 pct previous release (expected 0.4).
• Singapore non – oil exports y/y stands at 0.6 pct vs 13.9 pct previous release (expected 4.3).
• Singapore trade balance stands at 3.300B vs 4.990B previous release.
• Japan revised industrial produc on m/m stands at 1.9 pct vs 2.7 pct previous release (expected 2.7 pct).
Economic Data Ahead:
• (0830 ET/1230 GMT) Canada foreign securi es purchases, previous 22.41B.
• (0830 ET/1230 GMT) U.S. Empire state manufacturing Index, previous 17.2, expected 14.6.
• (1000 ET/1400 GMT) U.S. NAHB housing market index, previous 72, expected 74.
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 down 0.09% to 93.01.
USD/JPY: The Japanese yen remains almost unchanged despite lower than expected revised industrial produc on data. A sustained close above 106.90 will take the
parity higher towards key resistance around 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 106.54 will
drag the parity down towards 106.42, 105.87, 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie moves in s ff boundaries against U.S. dollar. The pair made intraday high at $0.7196 and low at $0.7161 marks. On the top side key resistances are
seen at $0.7190, $0.7247, $0.7286 and $0.7344 mark respec vely. On the other hand, a consistent close below $0.7142 will take the parity down towards key supports
around $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi depreciates gradually against U.S. dollar. Pair made intraday high at $0.6552 and low at $0.6527 mark. Key resistances are seen at $0.6578, $0.6649,
$0.6715, $0.6766, $0.6782 and $0.6824 mark respec vely. Alterna vely, a consistent close below $0.6537 will drag the parity down towards key supports around
$0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee moves in rigid boundaries and consolidates around 74.70 mark. The pair made intraday high at 74.79 and low at 74.56. A sustained close
below 74.37 marks will drag the parity down towards 74.00, 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the top side key resistances are seen at 74.82, 75.20,
75.39, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro trades marginally higher against U.S. dollar and jumps above $1.18 mark. The pair made intraday high at $1.1867 and low at $1.1830 mark. A
sustained close above $1.1840 tests key resistances at $1.1876, $1.1917, $1.1948, $1.1976 and $1.1999 mark respec vely. On the other side, a sustained close below
$1.1840 will target key supports around $1.1783, $1.1740, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound remains almost unchanged against U.S. dollar. A sustained close above $1.3078 will drag the parity up towards $1.3102, $1.3141, $1.3185, $1.3212,
$1.3257 and $1.3289 mark respec vely. Key support levels are seen at $1.3048, $1.3009, $1.2950, $1.2838 and $1.2775 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold starts a new week on slightly lower note and touches $1,929 mark in opening hours. Today pair made intraday high at $1,951 and low at $1,929
mark. A sustained close above $2,063 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around
$1,922, $1,890, $1,862, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,962, 1,976, 1,982, 1,987 and $1,994 marks respec vely.
XAG/USD (Silver): Silver remains slightly vola le on Monday. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $25.53, $25.02,
$24.70, $23.41, $23.24 and $23.02 marks respec vely. Key resistances are seen at $27.48, $27.74, $28.12, $28.38, $28.62 and $29.00 marks respec vely.
3. 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 0.71758 S1 0.71428
Buy Above 0.71975
0.72149
0.71359
0.71359
0.71180
0.71975
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.71860 S2 0.71326
R3 0.72025 S3 0.71161
R4 0.72292 S4 0.70894
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.71593
4. EUR / 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 1.18502 S1 1.17978
Buy Above 1.18726
1.18968
1.17862
1.17862
1.17621
1.18726
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18665 S2 1.17815
R3 1.18927 S3 1.17553
R4 1.19352 S4 1.17128
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.18240
AUGUST,2020
5. GBP / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Reversing Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.31352 S1 1.30694
Buy Above 1.31364
1.31708
1.30424
1.30424
1.30072
1.31364
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31556 S2 1.30490
R3 1.31885 S3 1.30161
R4 1.32418 S4 1.29628
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.31023
AUGUST,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.32722 S1 1.32220
Buy Above 1.32731
1.33096
1.32114
1.32114
1.31747
1.32731
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32876 S2 1.32066
R3 1.33127 S3 1.31815
R4 1.33532 S4 1.31410
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.32471
Trend Reversing Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
AUGUST,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 106.907 S1 106.447
Buy Above 107.078
107.297
106.235
106.235
105.923
107.078
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 107.050 S2 106.304
R3 107.280 S3 106.074
R4 107.653 S4 105.701
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
106.677
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
AUGUST,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1957.37 S1 1934.49
Buy Above 1958.81
1967.70
1924.16
1924.16
1909.17
1958.81
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1964.44 S2 1927.42
R3 1975.88 S3 1915.98
R4 S4 1897.47
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1945.93
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
1994.39
AUGUST,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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