DAILY ANALYSIS REPORT AUGUST 02 2021

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02 August 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar trade almost flat against major peers, Asian stock market no ceably up, gold hovers around $1,810 mark
Key Headlines:
• Australia AIG Manufacturing index stands at 60.8 vs 63.2 previous release.
• Japan Final Manufacturing PMI stands at 53.0 vs 52.2 previous release.
• Indonesia's biggest budget airline operator Lion Air Group announced plans on Saturday to furlough around 8,000 employees as travel businesses suffer
disrup on due to COVID-19 restric ons – Reuters.
• Britain’s Covid – 19 cases down by 33 pct over past week – Reuters.
• Vietnam will from Monday extend strict curbs on movement in its business hub Ho Chi Minh City and another 18 ci es and provinces throughout its south for
another two weeks to help combat its worst COVID-19 outbreak – Reuters.
• Malaysia's special parliamentary si ng will be cut short a er the detec on of COVID-19 infec ons in the building, the legisla ve body said on Saturday –
Reuters.
• The Olympics host city Tokyo, as well as Thailand and Malaysia, announced record COVID-19 infec ons over weekend, mostly driven by the highly
transmissible Delta variant of the disease – Reuters.
• Newly reported COVID-19 cases in Tokyo surged to a record high of 4,058 on Saturday, the metropolitan government announced – Reuters.
• Minneapolis U.S. Fed President Neel Kashkari - The spread of the delta variant of Covid-19 could keep some Americans from looking for work, poten ally
harming the U.S. recovery, I was very op mis c the fall would be a strong labor market with many of those Americans coming back to work. That’s s ll my
base case scenario.
Economic Data Ahead:
• (0630 GMT/1200 IST) Swiss CPI, previous 0.1, expected -0.1.
• (0630 GMT/1200 IST) Swiss Retail Sales, previous 2.8, expected 3.4.
• (0715 GMT/1245 IST) Spain Manufacturing PMI, previous 60.4, expected 59.4.
• (0730 GMT/1300 IST) Swiss Manufacturing PMI, previous 66.7, expected 66.0.
• (0745 GMT/1315 IST) Italy Manufacturing PMI, previous 62.2, expected 61.4.
• (0750 GMT/1320 IST) France Manufacturing PMI, previous 58.1, expected 58.1.
• (0755 GMT/1325 IST) German Manufacturing PMI, previous 65.6, expected 65.6.
• (0800 GMT/1330 IST) Euro Manufacturing PMI, previous 62.6, expected 62.6.
• (0830 GMT/1400 IST) U.K. Manufacturing PMI, previous 60.4, expected 60.4.
• (1400 GMT/1930 IST) U.S. ISM Manufacturing PMI, previous 60.6, expected 60.8.
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 down 0.06% to 92.12 points.

3. AUD / USD
BUY SELL
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AUGUST,
2
021
Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7350
R2 S2
0.7378
R3 S3
0.7402
R4
Commentary
S4
0.7426
Buy Above 0.7352
0.7372
0.7330
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7325
0.7302
0.7348
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie remains almost unchanged after AIG Manufacturing Index data and hovers
around $0.7350 mark. It made intraday high at $0.7349 and low at $0.7329 mark. A day chart and H1
chart with triple EMA suggests bearish trend for the time being. A sustained close above $0.7350 on
H1 chart requires for the upside rally.Alternatively, a consistent close below $0.7328 will check further
supports.
0.7328
0.7300
0.7276
0..7240

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1878
R2 S2
1.1901
R3 S3
1.1932
R4
Commentary
S4
1.1967
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-
Time Frame: H1
EUR/USD: The Euro trades slightly higher on Monday and stabilizes around $1.1870 mark. Today
pair made intraday high at $1.1871 and low at $1.1859. Today triple EMA on a day chart is down but
H1 chart suggest bullish trend for the time being. A consistent close above $1.1878 on H1 chart
requires for the upside rally. Alternatively, a sustained close below $1.1850 on H1 chart will check
further supports.
EUR / USD
1.1850
1.1812
1.1780
1.1755
Buy Above 1.1880
1.1902
1.1854
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1848
1.1823
1.1876
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
AUGUST,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3912
R2 S2
1.3940
R3 S3
1.3958
R4
Commentary
S4
1.3982
Buy Above 1.3915
1.3940
1.3878
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3873
1.3842
1.3903
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling trades marginally lower on Monday and hovers around $1.3900 mark. Today
pair made intraday high at $1.3904 and low at $1.3886 mark.Aday chart and H1 chart with triple EMA
suggests bearish trend for the time being.Asustained close above $1.3912 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.3887 will check further supports.
USD
1.3870
1.3842
1.3822
1.3801
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2
021

6. 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
1.2490
R2 S2
1.2522
R3 S3
1.2552
R4
Commentary
S4
1.2576
Buy Above 1.2492
1.2521
1.2457
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2450
1.2413
1.2475
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar trades flat on Monday and stabilizes below 1.2500 mark. Today pair
made intraday high at 1.2491 and low at 1.2464 mark. Today a day chart is up but H1 chart with triple
EMAsuggests down trend for the time being.Asustained close above 1.2490 on H1 chart requires for
the upside rally.Alternatively, a consistent close below 1.2432 on H1 chart will check key supports too.
USD /CAD
1.2432
1.2400
1.2378
1.2356
AUGUST,
2
021

7. BUY SELL
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Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
109.80
R2 S2
109.94
R3 S3
110.22
R4
Commentary
S4
110.40
Buy Above 109.80
110.16
109.52
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.49
109.26
109.79
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally higher after robust Final Manufacturing PMI data and
stabilizes around 109.50 mark. The pair made intraday high at 109.77 and low at 109.55 mark. The
triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A sustained
close above 109.80 on H1 chart requires for the upside rally. Alternatively, a consistent close below
109.40 on H1 will check further key supports.
USD /JPY
109.38
109.10
108.85
108.52
AUGUST,
2
021

8. BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1822
R2 S2
1827
R3 S3
1832
R4
Commentary
S4
1838
Buy Above 1818
1824
1811
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1808
1802
1815
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold weakens sharply and hovers around $1,810 mark.Today pair made intraday
high at $1,816 and low $1,808 mark.Aday chart and H1 chart with triple EMAsuggests down trend for
the time being.Asustained close above $1,822 on H1 chart requires for the upside rally.Alternatively,
a consistent close below $1,809 will check further supports.
XAU [GOLD]
USD
/
1809
1802
1796
1791
AUGUST,
2
021

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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