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07 October, 2020
Daily Analysis Report

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Asian Bulle n: U.S. dollar appreciated sharply against major peers on news by Trump to stop s mulus nego a ons un l a er elec on; Asian stock markets mixed; gold
hovers around $1,880 mark
Asian Headlines:
• Australia AIG services Index stands at 36.2 vs 42.5 previous release.
• South Korea FX reserves stands at 420.55B vs 418.95B previous release.
• Japan FX reserves stands at 1,389.8B vs 1,398.5B.
• Japan leading indicators stand at 88.8 pct vs 86.7 previous release (expected 89.2).
• Hong Kong manufacturing PMI stands at 47.7 vs 44.0 previous release.
Economic Data Ahead:
• (0200 ET/0600 GMT) German industrial produc on, 1.2, expected 1.5.
• (0245 ET/0645 GMT) France trade balance, previous -7.0B, expected -6.5B.
• (0300 ET/0700 GMT) Swiss Foreign currency reserves, previous 848B.
• (0330 ET/0730 GMT) U.K. Halifax HPI m/m, previous 1.6, expected 1.5.
• (0400 ET/0800 GMT) Italy retail sales, previous -2.2, expected 3.8.
• (0430 ET/0830 GMT) U.K. HPI, previous 3.4, expected 3.4.
• (1000 ET/1400 GMT) Canada Ivey PMI, previous 67.8.
Economic Events Ahead:
• (0810 ET/1210 GMT) ECB President Lagarde’s speech.
• (1300 ET/1700 GMT) FOMC member Kashkari’s speech.
• (1400 ET/1800 GMT) FOMC mee ng minutes.
• (1400 ET/1800 GMT) FOMC member Williams’ speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.14% to 93.38 points.
USD/JPY: The Japanese yen trades marginally lower on Wednesday but remains well supported around 105.70 mark. A sustained close above 105.74 will take the parity
higher towards key resistance around 105.90, 106.22, 106.92, 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close
below 105.30 will drag the parity down towards 104.92, 104.55, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie rises despite lower than previous AIG services index data. The pair made intraday high at $0.7121 and low at $0.7095 marks. On the top side key
resistances are seen at $0.7121, $0.7182, $0.7222, $0.7290, $0.7340, $0.7370, $0.7422, $0.7462 and $0.7502 mark respec vely. On the other hand, a consistent close
below $0.7100 will take the parity down towards key supports around $0.7090, $0.7068, $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi slips below $0.6600 mark a er massive movement came in yesterday’s U.S. session. Pair made intraday high at $0.6594 and low at $0.6575 mark. Key
resistances are seen at $0.6657, $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6582 will drag the parity
down towards key supports around $0.6540, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee trades marginally higher in opening hours. The pair made intraday high at 73.57 and low at 73.44 mark. A sustained close below 73.02 marks
will drag the parity down towards 72.88, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 73.57, 73.76, 74.10, 74.37, 74.70, 75.02,
75.20 and 75.39 marks respec vely.
EUR/USD: The euro starts a new trading day on a flat note. The pair made intraday high at $1.1740 and low at $1.1725 mark. A sustained close above $1.1781 tests key
resistances at $1.1798, $1.1837, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1710 will
target key supports around $1.1690, $1.1660, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound rises gradually against U.S. dollar and touches key resistance at $1.2889 mark in early Asia. Today pair made intraday high at $1.2889 and low at
$1.2865 mark. A sustained close above $1.2976 will drag the parity up towards $1.3002, $1.3070 and $1.3102 mark respec vely. Key support levels are seen at $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 remained highly vola le in previous session and touched $1,874 mark. Today pair made intraday high at $1,884 and low at $1,872 mark. A
sustained close above $1,913 requires for the upside rally. On the other side, consistent close below $1,878 will check key supports as well. Key support levels are seen
around $1,872, $1,864, $1,857, $$1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,902, $1,908, $1,918, $1,922, $1,932,
$1,940, $1,947, $1,957 and $1,972 marks respec vely.
XAG/USD (Silver): Silver trades slightly up and trading around $23.40 mark. Today pair made intraday high at $23.53 and low at $23.02 mark. A sustained close above
$24.38 requires for upside rally. Key support levels are seen at $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 $23.53, $23.72, $24.17, $24.52, $24.76, $25.53, $25.81 and $25.94 marks respec vely.

3. AUD / USD
REPORTFROM:TPGLOBALFXOCTOBER,2020
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 0.71773 S1 0.70945
Buy Above 0.71634
0.71869
0.70877
0.70877
0.70635
0.71634
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.72030 S2 0.70688
R3 0.72444 S3 0.70274
R4 0.73115 S4 0.69603
Conclusion
+1 7754 366 970
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0.71359

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 1.17862 S1 1.17282
Buy Above 1.17568
1.17710
1.16986
1.16986
1.16832
1.17568
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18042 S2 1.17102
R3 1.18332 S3 1.16812
R4 1.18802 S4 1.16342
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.17572
OCTOBER,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 1.29689 S1 1.28619
Buy Above 1.29526
1.29907
1.28338
1.28338
1.28094
1.29526
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.30020 S2 1.28288
R3 1.30555 S3 1.27753
R4 1.31421 S4 1.26887
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.29154
OCTOBER,2020

6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.33194 S1 1.32624
Buy Above 1.33400
1.33572
1.32795
1.32795
1.32569
1.33400
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.33370 S2 1.32448
R3 1.33655 S3 1.32163
R4 1.34116 S4 1.31702
Conclusion
+1 7754 366 970
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1.32909
Trend Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
OCTOBER,2020

7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 105.743 S1 105.503
Buy Above 105.797
105.950
105.438
105.438
105.294
105.797
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.817 S2 105.429
R3 105.937 S3 105.309
R4 106.131 S4 105.115
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
105.623
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
OCTOBER,2020

8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1908.71 S1 1873.49
Buy Above 1894.34
1904.80
1872.63
1872.63
1864.53
1894.34
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1919.60 S2 1862.60
R3 1937.21 S3 1844.99
R4 S4 1816.49
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1891.10
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1965.71
OCTOBER,2020

9. Thank
you!
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www.tpglobalfx.com
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