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Asian Bulle n: Aussie trades marginally lower despite higher than expected trade balance data; Asian stock markets extremely up; U.S. Presiden al Elec on results and
FOMC Interest Rate decision in focus; Gold stabilizes above $1,900 mark
Asian Headlines:
• New Zealand ANZ business confidence stands at -15.6 vs -15.7 previous release.
• Australia trade balance stands at 5.63B vs 2.62B previous release (expected 3.70B).
• South Korea current account stands at 10.21B vs 6.57B previous release.
• Japan services PMI stands at 47.7 vs 46.9 previous release (expected 46.9).
Economic Data Ahead:
• (0430 ET/0930 GMT) U.K. construc on PMI, previous 56.8, expected 55.0.
• (0500 ET/1000 GMT) Euro retail sales, previous 4.4, expected -1.4.
• (0830 ET/1330 GMT) U.S. unemployment claims weekly, previous 751K, expected 740K.
Economic Events Ahead:
• All Day EU Economic Forecasts.
• (0200 ET/0700 GMT) U.K. Interest rate decision, previous 0.10, expected 0.10.
• (0230 ET/0730 GMT) BoE Governor Bailey’s speech.
• (1400 ET/1900 GMT) U.S. Interest rate decision.
• (1430 ET/1930 GMT) U.S. FOMC Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.04% to 93.37 points.
USD/JPY: The Japanese yen trades marginally higher and touches key support at 104.22 mark. A sustained close above 104.83 will take the parity higher towards key
resistance around 105.34, 105.92, 106.22, 106.87, 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below
104.32 will drag the parity down towards 104.20, 103.97, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie remains slightly vola le a er robust trade balance data. The pair made intraday high at $0.7189 and low at $0.7144 marks. On the top side key
resistances are seen at $0.7170, $0.7190, $0.7222, $0.7240 and $0.7290 mark respec vely. On the other hand, a consistent close below $0.7174 will take the parity
down towards key supports around $0.7122, $0.7090, $0.7052, $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The Kiwi trades flat and consolidates around $0.67 mark. Pair made intraday high at $0.6709 and low at $0.6679 mark. Key resistances are seen at $0.6749,
$0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6690 will drag the parity down towards key supports around
$0.6610, $0.6578, $0.6527, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee reverses previous gains against U.S. dollar and trades marginally lower on Thursday. The pair made intraday high at 74.32 and low at 74.15
marks. A sustained close below 74.18 marks will drag the parity down towards 73.87, 73.57, 73.20, 72.87, 72.65, 72.40 and 72.12 mark respec vely. On the top side key
resistances are seen at 74.70, 75.08, 75.27, 75.39 and 75.62 marks respec vely.
EUR/USD: The euro moves in s ff boundaries and trading around $1.1740 mark. The pair made intraday high at $1.1742 and low at $1.1710 mark. A sustained close
above $1.1721 tests key resistances at $1.1770, $1.1822, $1.1876, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a
sustained close below $1.1721 will target key supports around $1.1672, $1.1640, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound trades marginally lower ahead of U.K.’s interest rate decision. Today pair made intraday high at $1.2992 and low at $1.2931 mark. A sustained close
above $1.3049 will drag the parity up towards $1.3070, $1.3102, $1.3152, $1.3176, $1.3224 and $1.3248 mark respec vely. Key support levels are seen at $1.2916,
$1.2889, $1.2854, $1.2822, $1.2752, $1.2723, $1.2675, $1.2632, $1.2602 and $1.2570 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades flat ahead of U.S. FOMC interest rate decision. Today pair made intraday high at $1,909 and low at $1,902 mark. A sustained close above
$1,909 requires for the upside rally. On the other side, consistent close below $1,902 will check key supports as well. Key support levels are seen around $1,894, $1,882,
$1,876, $1,857, $1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,916, $1,922, $1,927, $1,932, $1,940, $1,947, $1,957 and
$1,972 marks respec vely.
XAG/USD (Silver): Silver exhibits range bound movement and trading around $24.00 mark. Today pair made intraday high at $24.17 and low at $23.89 mark. A sustained
close above $24.25 requires for upside rally. Key support levels are seen at $23.65, $23.22, $22.90, $22.77, $22.40, $22.12, $21.90, $21.68, $21.22, $20.50 and $20.02
marks respec vely. Key resistances are seen at $24.67, $24.85, $25.10, $25.53, $25.81 and $25.94 marks respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXNOVEMBER,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 0.72149 S1 0.70825
Buy Above 0.72289
0.72648
0.71001
0.71001
0.70606
0.72289
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.72557 S2 0.70417
R3 0.73219 S3 0.69755
R4 0.74289 S4 0.68685
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.71487
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 1.17622 S1 1.16344
Buy Above 1.17686
1.18024
1.16691
1.16691
1.16256
1.17686
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18018 S2 1.15948
R3 1.18657 S3 1.15309
R4 1.19692 S4 1.14274
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.16983
NOVEMBER,2020
5. GBP / 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 1.30898 S1 1.29267
Buy Above 1.30452
1.30854
1.29043
1.29043
1.28538
1.30452
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31520 S2 1.28736
R3 1.32381 S3 1.27875
R4 1.33773 S4 1.26483
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.30128
NOVEMBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.32534 S1 1.30978
Buy Above 1.32089
1.32385
1.30907
1.30907
1.30535
1.32089
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.33015 S2 1.30497
R3 1.33793 S3 1.29719
R4 1.35052 S4 1.28460
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.31756
Trend Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
NOVEMBER,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 105.124 S1 104.212
Buy Above 104.786
104.957
104.137
104.137
103.907
104.786
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.407 S2 103.929
R3 105.863 S3 103.473
R4 106.602 S4 102.734
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
104.668
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
NOVEMBER,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1913.52 S1 1887.00
Buy Above 1913.34
1920.45
1885.31
1885.31
1879.31
1913.34
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1921.72 S2 1878.80
R3 1934.98 S3 1865.54
R4 S4 1844.08
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1900.26
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
1956.44
NOVEMBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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