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Asian Bulle n: Aussie remains almost unchanged despite higher than expected construc on work done data; Asian stock markets mixed; gold hovers around key support
at $1,922 mark
Asian Headlines:
• New Zealand trade balance stands at 282M vs 475M previous release.
• Japan SPPI y/y stands at 1.2 pct vs 0.9 pct previous release.
• Australia construc on work done q/q stands at -0.7 pct vs 0.7 pct previous release (expected -6.5).
• South Korea manufacturing BSI index stands at 68 vs 60 previous release.
Economic Data Ahead:
• (0830 ET/1230 GMT) U.S. durable goods orders, previous 7.6, expected 4.4.
• (0830 ET/1230 GMT) U.S. core durable goods orders, previous 3.6, expected 1.9.
Economic Events Ahead:
• (1000 ET/1400 GMT) Canada Gov Council Member Wilkins’s speech.
• (1200 ET/1600 GMT) U.K. MPC member Haldane’s speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.11% to 93.12.
USD/JPY: The Japanese yen strengthens no ceably against U.S. dollar and stabilizing back above 106.00 mark. A sustained close above 106.38 will take the parity higher
towards key resistance around 106.65, 106.90, 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 106.38
will drag the parity down towards 105.75, 105.40, 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie remains almost unchanged despite higher than expected construc on work done data. The pair made intraday high at $0.7207 and low at $0.7187
marks. On the top side key resistances are seen at $0.7242, $0.7286, $0.7304 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 trades flat as trade balance data meets expecta ons. Pair made intraday high at $0.6562 and low at $0.6541 mark. Key resistances are seen at
$0.6602, $0.6649, $0.6715, $0.6766, $0.6782 and $0.6824 mark respec vely. Alterna vely, a consistent close below $0.6526 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 fails to find support below 74.00 mark against U.S. dollar. The pair hit fresh 7 – week low at 73.88 mark on Monday. The pair made intraday
high at 74.24 and low at 74.13. A sustained close below 74.07 marks will drag the parity down towards 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the top side
key resistances are seen at 74.37, 74.70, 75.02, 75.20, 75.39, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro trades marginally lower against U.S. dollar and jumps back above $1.18 mark in opening hours. The pair made intraday high at $1.1839 and low at
$1.1810 mark. A sustained close above $1.1834 tests key resistances at $1.1860, $1.1965, $1.1976, $1.1999 and $1.2022 mark respec vely. On the other side, a
sustained close below $1.1787 will target key supports around $1.1740, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The sterling trades in rigid boundaries against U.S. dollar and trading around $1.3140 mark. A sustained close above $1.3151 will drag the parity up towards
$1.3170, $1.3238, $1.3289, $1.3322, $1.3378, $1.3442 and $1.3515 mark respec vely. Key support levels are seen at $1.3062, $1.3009, $1.2950, $1.2838 and $1.2775
mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades flat and consolidates around 1,927 mark. Today pair made intraday high at $1,931 and low at $1,922 mark. A sustained close above $2,001
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 $1,942, $1,948, $1,957, $1,972, $1,987, $1,994, $2,008, 2,020, 2,038 and $2,063 marks respec vely.
XAG/USD (Silver): Silver moves in s ff boundaries and stabilizes below $26.50 mark. A sustained close above $29.13 requires for upside rally. Key support levels are seen
at $26.12, $25.53, $25.02, $24.70, $23.41, $23.24 and $23.02 marks respec vely. Key resistances are seen at $26.82, $27.54, $27.92, $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 0.71982 S1 0.71620
Buy Above 0.72077
0.72228
0.71619
0.71619
0.71434
0.72077
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.72095 S2 0.71507
R3 0.72276 S3 0.71326
R4 0.72570 S4 0.71032
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.71801
4. EUR / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RIS (Period=26) Below RIS LEVEL 50
FIBO Levels PIVOT
R1 1.18429 S1 1.17975
Buy Above 1.18425
1.18631
1.17790
1.17790
1.17430
1.18425
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18570 S2 1.17834
R3 1.18797 S3 1.17607
R4 1.19165 S4 1.17239
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.18202
AUGUST,2020
5. 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 1.31692 S1 1.30802
Buy Above 1.31623
1.32001
1.30887
1.30887
1.30563
1.31623
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31966 S2 1.30528
R3 1.32411 S3 1.30083
R4 1.33130 S4 1.29364
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.31247
AUGUST,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.32199 S1 1.31651
Buy Above 1.32442
1.32738
1.31335
1.31335
1.31020
1.32442
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32368 S2 1.31482
R3 1.32642 S3 1.31208
R4 1.33085 S4 1.30765
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.31925
Trend Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
AUGUST,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 106.543 S1 106.005
Buy Above 106.576
106.782
106.060
106.060
105.877
106.576
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 106.709 S2 105.839
R3 106.978 S3 105.570
R4 107.413 S4 105.135
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
106.274
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
AUGUST,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1935.28 S1 1917.50
Buy Above 1950.38
1963.96
1910.94
1910.94
1895.24
1950.38
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1940.76 S2 1912.02
R3 1949.65 S3 1903.13
R4 S4 1888.76
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1926.39
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1964.82
AUGUST,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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