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Asian Bulle n: Aussie rises on higher than expected CPI data; Asian stock markets mixed; gold slightly up
Asian Headlines:
• South Korea consumer confidence stands at 91.6 vs 79.4 previous release.
• U.K. BRC shop price index stands at -1.2 pct vs -1.6 pct previous release.
• Australia CPI q/q stands at 1.6 pct vs -1.9 pct previous release.
• Australia CPI y/y stands at 0.7 pct vs -0.3 pct previous release.
• Australia CPI index number stands at 116.20 vs 114.40 previous release.
Economic Data Ahead:
• (0300 ET/0700 GMT) Euro German import price, previous 0.1, expected -0.3.
• (0500 ET/0900 GMT) Swiss Credit Suisse economic expecta ons, previous 26.2.
• (0830 ET/1230 GMT) U.S. goods trade balance, previous -82.9B, expected -85.0B.
• (0830 ET/1230 GMT) U.S. Prelim wholesale inventories, previous 0.4, expected 0.4.
• (1000 ET/1400 GMT) Canada interest rate decision, previous 0.25, expected 0.25.
Economic Events Ahead:
• (1115 ET/1515 GMT) Bank of Canada Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.08% to 93.12 points.
USD/JPY: The Japanese yen strengthens on Wednesday and touches 104.25 mark in early Asia. A sustained close above 104.83 will take the parity higher towards key
resistance around 104.92, 105.20, 105.94, 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 104.40 will drag the parity down towards 104.20, 103.97, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie rises on robust CPI data and stabilizes above $0.7140 mark. The pair made intraday high at $0.7144 and low at $0.7116 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 $0.7120 will take the parity
down towards key supports around $0.7090, $0.7047, $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The Kiwi rises gradually and hovers around $0.6700 mark. Pair made intraday high at $0.6711 and low at $0.6692 mark. Key resistances are seen at $0.6710,
$0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6675 will drag the parity down towards key supports
around $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 appreciates against U.S. dollar and breaks key support at 73.76 mark. The pair made intraday high at 73.76 and low at 73.57 marks. A
sustained close below 73.76 marks will drag the parity down towards 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 73.92, 74.10, 74.37, 74.70, 75.02, 75.20 and 75.39 marks respec vely.
EUR/USD: The euro falls marginally ahead of ECB’s interest rate decision due tomorrow. The pair made intraday high at $1.1797 and low at $1.1769 mark. A sustained
close above $1.1857 tests key resistances at $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 $1.1795 will target key supports around $1.1770, $1.1744, $1.1688, $1.1662, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound trades flat on Wednesday and consolidates around $1.3040 mark. Today pair made intraday high at $1.3044 and low at $1.3020 mark. A sustained
close above $1.3040 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 $1.3002,
$1.2945, $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 moves in rigid boundaries and hovers around $1,910 mark. Today pair made intraday high at $1,908 and low at $1,902 mark. A sustained close
above $1,908 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 $1,902,
$1,891, $1,882, $1,876, $1,864, $1,857, $$1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,914, $1,922, $1,927, $1,932,
$1,940, $1,947, $1,957 and $1,972 marks respec vely.
XAG/USD (Silver): Silver remains almost unchanged on Wednesday and trading around $24.40 mark. Today pair made intraday high at $24.41 and low at $24.23 mark. A
sustained close above $25.04 requires for upside rally. Key support levels are seen at $24.12, $23.87, $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:TPGLOBALFXOCTOBER,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 0.71419 S1 0.71157
Buy Above 0.71591
0.71754
0.71051
0.71051
0.70821
0.71591
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.71500 S2 0.71076
R3 0.71631 S3 0.70945
R4 0.71843 S4 0.70733
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.71288
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 1.18352 S1 1.18050
Buy Above 1.18199
1.18375
1.17586
1.17586
1.17421
1.18199
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18446 S2 1.17956
R3 1.18597 S3 1.17805
R4 1.18842 S4 1.17560
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.18201
OCTOBER,2020
5. GBP / 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 1.30721 S1 1.30119
Buy Above 1.30834
1.31149
1.29910
1.29910
1.29623
1.30834
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.30907 S2 1.29933
R3 1.31208 S3 1.29632
R4 1.31695 S4 1.29145
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.30420
OCTOBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.32059 S1 1.31525
Buy Above 1.32342
1.32625
1.31313
1.31313
1.30945
1.32342
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32223 S2 1.31361
R3 1.32490 S3 1.31094
R4 1.32921 S4 1.30663
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.31792
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 104.752 S1 104.368
Buy Above 104.615
104.801
104.109
104.109
103.946
104.615
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 104.870 S2 104.250
R3 105.062 S3 104.058
R4 105.372 S4 103.748
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
104.560
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
OCTOBER,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1910.65 S1 1900.35
Buy Above 1912.83
1916.60
1900.54
1900.54
1896.34
1912.83
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1913.83 S2 1897.17
R3 1918.98 S3 1892.02
R4 S4 1883.69
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1905.50
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
1927.31
OCTOBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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