Let's review all the major instrument analysis including: #audusd #eurusd #gbpusd #usdcad #usdjpy #gold #xauusd

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06 January, 2021
Daily Analysis Report

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Asian Bulle n: Aussie strengthens sharply a er services PMI data, most Asian stock markets in red, gold stabilizes below $1,950 mark, U.S. FOMC mee ng minutes in
focus
Asian Headlines:
• WHO disappointed on China’s response for not allowing a team of experts into China to examine the origins of COVID-19.
• Markets eye U.S. senate elec on results to determine the expected policies over the next four years.
• U.K. BRC shop price index y/y remains unchanged at -1.8 pct.
• Australia services PMI stands at 57.0 vs 57.1 previous release.
• PBoC fixes USD/CNY reference rate at 6.4604 (previous fix 6.4760; previous close 6.4550).
• China Caixin services PMI stands at 56.3 vs 57.8 previous release (expected 58.1).
• South Korea FX reserves stands at 443.10B vs 436.68B previous release.
• Japan services PMI stands at 47.7 vs 47.8 previous release (expected 47.2).
• Hong Kong manufacturing PMI stands at 43.5 vs 50.1 previous release.
Economic Data Ahead:
• (0745 GMT/1315 IST) France prelim CPI, previous 0.2, expected 0.4.
• (0815 GMT/1345 IST) Spain services PMI, previous 39.5, expected 44.5.
• (0845 GMT/1415 IST) Italy Services PMI, previous 39.4, expected 45.0.
• (0850 GMT/1420 IST) France final services PMI, previous 49.2, expected 49.2.
• (0855 GMT/1425 IST) German final services PMI, previous 47.7, expected 47.7.
• (0900 GMT/1430 IST) Euro final services PMI, previous 47.3, expected 47.4.
• (0930 GMT/1500 IST) U.K. final services PMI, previous 49.9, expected 49.9.
• (1000 GMT/1530 IST) Euro PPI, previous 0.4, expected 0.2.
• (1315 GMT/1845 IST) U.S. ADP job data, previous 307K, expected 60K.
• (1445 GMT/2015 IST) U.S. final services PMI, previous 55.3, expected 55.2.
• (1500 GMT/2030 IST) U.S. factory orders, previous 1.0, expected 0.7.
Economic Events Ahead:
• (1400 GMT/1930 IST) BOE Governor Bailey’s speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched higher 0.14% to 89.56 points.

3. AUD / USD
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S10.7792
R2 S20.7827
R3 S30.7854
R4
Commentary
S40.7878
Buy Above 0.77835
0.78102
0.77494
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77097
0.76727
0.77458
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie strengthens on Wednesday and hits highest level since April 2018. On a
60 – minute timeframe, the pair fails to find support below $0.7734 mark and spikes up to $0.7779
mark. On a daily chart, both RSI and MA are supporting the upside trend.
0.7702
0.7676
07580
0.7520

4. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26)
FIBO Levels PIVOT
R1 S11.2332
R2 S21.2368
R3 S31.2390
R4
Commentary
S41.2422
Buy Above 1.23138
1.23446
1.22892
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.22590
1.22379
1.22833
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
EUR/USD: The euro continues to trade higher ahead of services PMI data from the Euro zone.
While looking at the chart, RSI divergence has been observed clearly and chances are there to
break key resistances too. MA is also supporting the upside trend.
EUR / USD
1.2275
1.2240
1.2206
1.2170
DIVERGENCE RSI LEVEL 50

5. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.3648
R2 S21.3703
R3 S31.3722
R4
Commentary
S41.3748
Buy Above 1.36415
1.36867
1.35917
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.35744
1.35415
1.36112
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling moves in stiff boundaries and consolidates around $1.3626 mark. In H1
chart RSI divergence is observable; an indication of downside pressure. The key boundaries for
the day will be $1.3648 and $1.3595 mark. A sustained close of either side, will provide further
directions to the parity.
GBP / USD
1.3580
1.3522
1.3487
1.3440

6. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.2771
R2 S21.2812
R3 S31.2853
R4
Commentary
S41.2906
Buy Above 1.27250
1.27629
1.26920
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26426
1.26086
1.26783
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar rises sharply and slips back below 1.27 mark. The RSI and MA
both are supporting the downside trend for the parity. A consistent close below 1.2667 requires for
the downside rally. From the Canada itself, no key fundamentals are there to release.
USD /CAD
1.2654
1.2600
1.2572
1.2540

7. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1103.20
R2 S2103.76
R3 S3104.22
R4
Commentary
S4104.50
Buy Above 102.938
103.118
102.763
– Take Profit
– Stop Loss
Trade Idea
Sell Below 102.590
102.462
102.713
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower in opening hours despite higher than
expected services PMI data. On a 60 – minute timeframe, key hurdle is seen at 102.70 mark. A
sustained close below will check key supports. Alternatively reversal will drag the parity back
above 103.10 mark. On a daily chart, both RSI and MA are indicating downside pressure.
USD /JPY
102.60
102.45
102.10
101.50

8. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S11948
R2 S21955
R3 S31967
R4
Commentary
S41972
Buy Above 1954.45
1966.79
1940.25
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1937.66
1927.87
1948.13
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold remains slightly volatile ahead of U.S. ADP Job data and FOMC meeting
minutes. On a 60 – minute timeframe, RSI is indicating the uptrend but sustained close below
$1,942 will change the trend to downside. The key ranges for the gold will be $1,952 - $1,942
mark.
XAU [GOLD]USD/
1942
1932
1927
1922

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you!
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