Daily Forex Technical Analysis Report - January 26, 2021
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26 January, 2021
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen remains slightly vola le a er BOJ’s monetary policy mee ng minutes, Asian stock markets in red, gold stabilizes above $1,850 mark
Key Headlines:
• South Korea GDP q/q stands at 1.1 pct vs 2.1 pct previous release (expected 0.7).
• Japan CSPI stands at -0.4 pct vs -0.5 pct previous release.
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. average earnings index, previous 2.7, expected 2.9.
• (0700 GMT/1230 IST) U.K. Claimant count change, previous 64.3K, expected 47.5K.
• (0700 GMT/1230 IST) U.K. unemployment rate, previous 4.9 pct, expected 5.1 pct.
• (1100 GMT/1630 IST) U.K. CBI realized sales, previous -3, expected -32.
• (1400 GMT/1930 IST) U.S. HPI, previous 1.5 pct, expected 0.9 pct.
• (1500 GMT/2030 IST) U.S. Richmond manufacturing index, previous 19, expected 18.
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 up 0.04% to 90.43 points.
AUD / USD
BUY SELL
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JANUARY,
2
0
21
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7762
R2 S2
0.7799
R3 S3
0.7820
R4
Commentary
S4
0.7854
Buy Above 0.77207
0.77413
0.76967
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.76952
0.76732
0.77210
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: Australian Dollar is showing up trend on day candle and on H1 Chart it is below
moving average (75) and RSI is also below level 50. Wait for the break out and enter the trade.
0.7660
0.7590
0.7520
0.7500
BUY SELL
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JANUARY,
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.3745
R2 S2
1.3776
R3 S3
1.3802
R4
Commentary
S4
1.3844
Buy Above 1.36900
1.37181
1.36513
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.36498
1.36122
1.36867
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: Pound on higher time frame shows up trend but also confirming divergence with RSI
meaning it may break into a down trend for confirm down trend please wait for 1.3640. H1 shows
and confirm intraday down trend in alternative scenario please wait for the break out above
1.3680.
GBP / USD
1.3635
1.3600
1.3552
1.3490
BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26)
FIBO Levels PIVOT
R1 S1
1.2198
R2 S2
1.2232
R3 S3
1.2265
R4
Commentary
S4
1.2309
Buy Above 1.21515
1.21902
1.21323
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.21131
1.20859
1.21485
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: Euro is showing up trend on day candle and on H1 Chart it is below moving average
(75) and RSI is also below level 50. It is further confirming that 1.2115 is a key support if is not
broken it will further give pull back and come back in high volume zone and can give upward
movement. Wait for the break out and enter the trade.
EUR / USD
1.2128
1.2074
1.2040
1.2001
Below RSI LEVEL 50
BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75A) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2783
R2 S2
1.2822
R3 S3
1.2848
R4
Commentary
S4
1.2880
Buy Above 1.27764
1.28062
1.27339
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.27329
1.26952
1.27746
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: Canadian Dollar has broken a pattern and full day candle is on uptrend. It may further
continue uptrend. Upper Resistance level is 1.2800. For alternative scenario wait for 1.2730 to
break for entering sell trade.
USD /CAD
1.2672
1.2630
1.2570
1.2537
BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
104.22
R2 S2
104.90
R3 S3
105.40
R4
Commentary
S4
105.94
Buy Above 103.815
103.920
103.659
– Take Profit
– Stop Loss
Trade Idea
Sell Below 103.652
103.506
103.859
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: Japanese yen shows a narrow range movement on day chart. Trend is down but it is
currently moving around moving average (75) but RSI is below 50 level and this may continue
down site movement. On H1 Chart for intraday trading price is in between the high volume zone
may suggest that it can be a range bound for 50 Pips. Wait for the break out to enter the right
trend and also lookout carefully for profit booking.
USD /JPY
103.28
102.90
102.45
102.10
BUY SELL
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JANUARY,
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1862
R2 S2
1867
R3 S3
1872
R4
Commentary
S4
1885
Buy Above 1862.79
1873.32
1850.17
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1848.62
1840.39
1861.57
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold is moving in very narrow range in term of long term trend and looming
for a reason to break for big movement. Above $1,870 it may reverse the trend and can move
again in upward direction. Breaking $1,840 and settling there for the day will create new down
trend for higher time frame. For Intraday trading, check out the levels and wait for the breakout.
XAU [GOLD]
USD
/
1848
1840
1832
1820
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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