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04 January, 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar trades marginally lower against major peers, Asian stock markets no ceably up, gold hits fresh 2 – month high at $1,925 mark
Asian Headlines:
• Australia manufacturing PMI stands at 55.7 vs 55.8 previous release (expected 56.0).
• Singapore GDP q/q stands at 8.7 vs 42.3 previous release (expected 35.3).
• Singapore URA property Index stands at 2.1 vs 0.3 pct previous release.
• South Korea Nikkei manufacturing PMI remains unchanged at 52.9.
• Japan final manufacturing PMI stands at 50.0 vs 49.7 previous release (expected 49.7).
• China Caixin manufacturing PMI stands at 53.0 vs 54.9 previous release (expected 54.7).
Economic Data Ahead:
• (0815 GMT/1345 IST) Spain Manufacturing PMI, previous 49.8, expected 52.6.
• (0830 GMT/1400 IST) Swiss Manufacturing PMI, previous 55.2, expected 54.4.
• (0845 GMT/1415 IST) Italy Manufacturing PMI, previous 51.5, expected 53.5.
• (0850 GMT/1420 IST) France Manufacturing PMI, previous 51.1, expected 51.1.
• (0855 GMT/1425 IST) Germany Manufacturing PMI, previous 58.6, expected 58.6.
• (0900 GMT/1430 IST) Euro Manufacturing PMI, previous 55.5, expected 55.5.
• (0930 GMT/1500 IST) U.K. Manufacturing PMI, 57.3, expected 57.3.
• (1430 GMT/2000 IST) Canada Manufacturing PMI, 55.8.
• (1445 GMT/2015 IST) U.S. Manufacturing PMI, previous 56.5, expected 56.3.
Economic Events Ahead:
• All Day OPEC – JMMC Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.24% to 89.72 points.

3.
AUD / USD
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2020
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S10.7740
R2 S20.7792
R3 S30.7827
R4
Commentary
S40.7854
Buy Above 0.77380
0.77585
0.77189
– Take Profit
– Stop Loss
Trade Idea
Sell Above 0.76744
0.76528
0.77147
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie reverses previous gain of opening hours as Aussie released manufacturing
PMI data with negative numbers. The overall trend seems to be positive as both RSI and Moving
Average is trending in upward direction. On the top side key hurdle is at $0.7040 mark and
sustained close above will give further direction to the parity.
0.7676
0.7602
0.7520
0.7450

4.
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2020
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.2292
R2 S21.2310
R3 S31.2332
R4
Commentary
S41.2368
Buy Above 1.22741
1.23008
1.22500
– Take Profit
– Stop Loss
Trade Idea
Sell Above 1.22297
1.22108
1.22490
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro starts a new week on a flat note ahead of manufacturing PMI data from the
Euro zone. The key ranges for the parity will be $1.2292 and $1.2240 mark. A sustained break of
either side will provide further directions to the parity. On the basis of hourly chart analysis, RSI
and MA seem to have downside pressure.
EUR / USD
1.2180
1.2240
1.2206
1.2180
1.2122

5.
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2020
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.3698
R2 S21.3722
R3 S31.3792
R4
Commentary
S41.3849
Buy Above 1.37150
1.37528
1.36762
– Take Profit
– Stop Loss
Trade Idea
Sell Above 1.36500
1.36070
1.36907
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling continues to trades higher ahead of Final Manufacturing PMI data and hits
highest level of $1.3698 mark since May 2018. The daily forecast of the pair is upward only as
both RSI and MA are supporting with technical levels too.
GBP / USD
1.3648
1.3580
1.3522
1.3487

6.
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2020
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.2756
R2 S21.2812
R3 S31.2853
R4
Commentary
S41.2906
Buy Above 1.27263
1.27550
1.26837
– Take Profit
– Stop Loss
Trade Idea
Sell Above 1.26836
1.26553
1.27370
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar rises noticeably on Monday and tries to stabilize around key
support level at 1.2688 mark. A sustained break out will take the parity down to check the key
support levels otherwise reversal from this will take the parity again upside to check important
resistances. The key event for the CAD will be manufacturing PMI data scheduled at 1430 GMT.
USD /CAD
1.2688
1.2654
1.2600
1.2572

7.
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2020
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1103.76
R2 S2104.22
R3 S3104.50
R4
Commentary
S4104.70
Buy Above 103.201
103.384
103.011
– Take Profit
– Stop Loss
Trade Idea
Sell Above 102.995
102.682
103.112
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen remains volatile in early Asia and touches 102.93 mark in opening
hours. By looking at the hourly chart, the pair is trading around the key support level at 102.89
mark. A successful breakout will check the key support levels otherwise reversal from this will take
the parity up to check major resistances.
USD /JPY
102.89
102.45
102.10
101.50

8.
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2020
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S11,927
R2 S21,932
R3 S31,940
R4
Commentary
S41,948
Buy Above 1927.56
1940.11
1912.06
– Take Profit
– Stop Loss
Trade Idea
Sell Above 1911.77
1901.79
1924.39
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold spikes up and touches $1,925 mark in Asian hours. The technical tools
like RSI and MA both indicating upside trend for the day too. Later in the U.S. session, U.S.
manufacturing PMI and FOMC members’ speeches are scheduled to release, which will provide
further direction to the parity.
XAU [GOLD]USD/
1,920
1,912
1,902
1,890

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