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Asian Bulle n: Japanese yen strengthens ahead of BoJ’s Summary of Opinions; Most Asian stock markets in green; gold flat
Asian Headlines:
• ECB’S Visco: Euro’s strength is a worry.
• Mick Mulvaney: Possibili es are there for UK and EU trade deal.
• China’s industrial profits up 19.1 pct in August.
Economic Data Ahead:
• No key indicators are scheduled for the day.
Economic Events Ahead:
• (0945 ET/1345 GMT) ECB President Lagarde’s speech.
• (1400 ET/1800 GMT) FOMC member Mester’s speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.16% to 94.49 points.
USD/JPY: The Japanese yen strengthens on Monday and stabilizing well below 105.50 mark. A sustained close above 105.55 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 105.55 will
drag the parity down towards 104.92, 104.55, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie trades marginally higher against U.S. dollar and remains well supported above $0.70 mark. The pair made intraday high at $0.7062 and low at
$0.7028 marks. On the top side key resistances are seen at $0.7090, $0.7122, $0.7176, $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 $0.7023 will take the parity down towards key supports around $0.7002, $0.6969, $0.6922, $0.6861, $0.6833
and $0.6799 mark respec vely.
NZD/USD: The kiwi rises gradually against U.S. dollar and trading around $0.6559 mark .Pair made intraday high at $0.6562 and low at $0.6541 mark. Key resistances are
seen at $0.6592, $0.6630, $0.6667, $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6540 will drag the
parity down towards key supports around $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee trades in s ff boundaries and consolidates around 73.50 mark. The pair made intraday high at 73.70 and low at 73.57 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 74.10, 74.37, 74.70,
75.02, 75.20 and 75.39 marks respec vely.
EUR/USD: The euro trades almost flat against U.S. dollar ahead of ECB President Lagarde’s speech. The pair made intraday high at $1.1640 and low at $1.1615 mark. A
sustained close above $1.1667 tests key resistances at $1.1722, $1.1770, $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 $1.1627 will target key supports around $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound exhibits range bound movement and stabilizes back above $1.2750 mark. A sustained close above $1.2790 will drag the parity up towards $1.2867,
$1.2910, $1.2966, $1.3002, $1.3070 and $1.3102 mark respec vely. Key support levels are seen at $1.2723, $1.2675, $1.2632, $1.2602 and $1.2570 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold starts a new week on a flat note and trading around $1,860 mark. The main event for the week will be U.S. NFP job data. Today pair made
intraday high at $1,866 and low at $1,857 mark. A sustained close above $1,867 requires for the upside rally. On the other side, consistent close below $1,861 will check
key supports as well. Key support levels are seen around $1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,872, $1,881,
$1,894, $1,912, $1,922, $1,932, $1,940, $1,947, $1,957 and $1,972 marks respec vely.
XAG/USD (Silver): Silver moves in rigid boundaries and slips below $23.00 mark. Today pair made intraday high at $23.09 and low at $22.77 mark. A sustained close
above $29.13 requires for upside rally. Key support levels are seen at $22.40, $22.12, $21.90, $21.68, $21.22, $20.50 and $20.02 marks respec vely. Key resistances are
seen at $23.27, $23.90, $24.40, $24.76 and $25.53 marks respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXSEPTEMBER,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 0.70714 S1 0.70096
Buy Above 0.71050
0.71355
0.70011
0.70011
0.69736
0.71050
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.70906 S2 0.69904
R3 0.71215 S3 0.69595
R4 0.71716 S4 0.69094
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.70405
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 1.16696 S1 1.16140
Buy Above 1.16803
1.17068
1.15987
1.15987
1.15764
1.16803
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.16868 S2 1.15968
R3 1.17146 S3 1.15690
R4 1.17596 S4 1.15240
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.16418
SEPTEMBER,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 1.27893 S1 1.26995
Buy Above 1.28054
1.28483
1.26832
1.26832
1.26479
1.28054
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.28170 S2 1.26718
R3 1.28619 S3 1.26269
R4 1.29345 S4 1.25543
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.27444
SEPTEMBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.34113 S1 1.33491
Buy Above 1.34390
1.34672
1.33295
1.33295
1.33022
1.34390
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.34305 S2 1.33299
R3 1.34616 S3 1.32988
R4 1.35119 S4 1.32485
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.33802
Trend Reversing Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
SEPTEMBER,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 105.667 S1 105.315
Buy Above 105.737
105.889
105.206
105.206
105.016
105.737
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.776 S2 105.286
R3 105.952 S3 105.030
R4 106.237 S4 104.745
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
105.491
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
SEPTEMBER,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1871.14 S1 1853.76
Buy Above 1878.59
1891.78
1851.37
1851.37
1842.71
1878.59
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1876.50 S2 1848.40
R3 1885.19 S3 1839.71
R4 S4 1825.66
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1862.45
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1899.24
SEPTEMBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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