Daily Analysis Report February 17, 2021

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17 February, 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Japanese yen remains vola le a er mixed economic data, Asian stock markets mixed, gold down
Key Headlines:
• Australia MI leading index stands at 0.3 pct vs 0.1 pct previous release.
• Japan core machinery orders stands at 5.2 pct vs 1.5 pct previous release.
• Japan trade balance stands at 0.39T vs 0.51T previous release (expected 0.49T).
• Singapore trade balance stands at 5.610B vs 6.200B previous release.
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. CPI, previous 0.6, expected 0.6.
• (0700 GMT/1230 IST) U.K. Core CPI, previous 1.4, expected 1.3.
• (0700 GMT/1230 IST) U.K. PPI input, previous 0.8, expected 0.5.
• (0700 GMT/1230 IST) U.K. PPI output, previous 0.3, expected 0.2.
• (0930 GMT/1500 IST) U.K. HPI, previous 7.6, expected 7.5.
• (1330 GMT/1900 IST) Canada CPI, previous -0.2, expected 0.5.
• (1330 GMT/1900 IST) Canada Core CPI, previous -0.4.
• (1330 GMT/1900 IST) U.S. retail sales, previous -0.7, expected 1.1.
• (1330 GMT/1900 IST) U.S. core retail sales, previous -1.4, expected 1.1.
• (1330 GMT/1900 IST) U.S. PPI, previous 0.3, expected 0.4.
• (1330 GMT/1900 IST) U.S. Core PPI, previous 0.1, expected 0.2.
• (1415 GMT/1945 IST) U.S. Industrial Produc on, previous 1.6, expected 0.4.
• (1415 GMT/1945 IST) U.S. capacity u liza on rate, previous 74.5, expected 74.9.
• (1500 GMT/2030 IST) U.S. business inventories, previous 0.5, expected 0.5.
Economic Events Ahead:
• (1400 GMT/1930 IST) U.S. FOMC member Barkin speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.17% to 90.67 points.

3. AUD / USD
BUY SELL
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FEBRUARY,
2
021
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
0.7767
R2 S2
0.7820
R3 S3
0.7878
R4
Commentary
S4
0.7940
Buy Above 0.77653
0.77869
0.77461
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77282
0.77087
0.77515
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie exhibits range bound movement and hovers around $0.7750 mark on
Wednesday. Australia has scheduled to release employment change data due tomorrow. A day
chart still confirms the uptrend in long run but triple EMA on H1 chart suggesting bearish trend for
the time being. An expected range for the parity will be $0.7767 to $0.7722 mark. A sustained
close of either side on H1 chart will provide further direction to the parity.
0.7722
0.7690
0.7638
0.7594

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2120
R2 S2
1.2170
R3 S3
1.2224
R4
Commentary
S4
1.2262
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-
Time Frame: H1
EUR/USD: The euro erases previous gain against U.S. dollar and fails to break key resistance at
$1.2170 mark. The pair is currently trading around $1.2090 mark. Today no key fundamentals are
expected from the Euro zone. On H1 chart, triple EMA confirms the bearish trend for the time
being. The expected range for the parity will be $1.2075 to $1.2120 mark. A consistent break of
either side on a H1 chart will provide further directions to the parity.
EUR / USD
1.2075
1.2044
1.1961
1.1900
FEBRUARY,
2
021
Buy Above 1.21070
1.21267
1.20850
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.20708
1.20522
1.20929
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50

5. 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
1.3902
R2 S2
1.3951
R3 S3
1.4001
R4
Commentary
S4
1.4032
Buy Above 1.39198
1.39671
1.38611
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.38630
1.38131
1.39228
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The pound trades marginally lower and stabilizes below $1.39 mark ahead of U.K.’s
inflation data. A shooting start pattern has observed on a Day Chart which simply signifies short
term trend reversal likely. A sustained close above $1.3902 on H1 chart requires for the upside
rally. Alternatively, current downside trend will drag the parity back below $1.3800 mark.
USD
1.3860
1.3845
1.3767
1.3738
FEBRUARY,
2
021
GBP/

6. 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
1.2730
R2 S2
1.2784
R3 S3
1.2816
R4
Commentary
S4
1.2839
Buy Above 1.27346
1.27659
1.27028
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26673
1.26330
1.27063
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar remains volatile on Wednesday and hovers around 1.27 mark. A
day chart confirms the bearish trend in short run but H1 chart suggest uptrend for the time being.
A sustained close below 1.2677 requires for the downside rally. Alternatively, reversal from here
will drag the parity back above 1.2730 mark.
USD /CAD
1.2677
1.2630
1.2588
1.2551
FEBRUARY,
2
021

7. 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
106.22
R2 S2
106.50
R3 S3
106.78
R4
Commentary
S4
107.23
Buy Above 106.243
106.504
105.949
– Take Profit
– Stop Loss
Trade Idea
Sell Below 105.696
105.458
106.031
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen falls drastically on Wednesday and touched 106.22 mark in early
Asia. It is the lowest level since Sept 11, 2020. The BoJ Kuroda’s dovish speech on monetary
easing made the Japanese yen fall sharply. Triple EMA has confirmed bullish trend on a Day as
well as H1 chart. The key boundaries for the parity will be 106.22 to 105.70 mark. A sustained
break and close of either side on H1 chart will provide further direction to the parity.
USD /JPY
105.70
105.22
104.80
104.55
FEBRUARY,
2
021

8. 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
1802
R2 S2
1808
R3 S3
1817
R4
Commentary
S4
1828
Buy Above 1799.73
1807.95
1791.65
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1786.40
1779.49
1793.10
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold weakens sharply on robust U.S. dollar and slips back below $1,800
mark. The pair made intraday high at $1,795 and low at $1,786 mark. The Day and H1 charts
suggest the bearish trend for the time being. The key event for the day will be U.S. FOMC
meeting minutes. In addition, U.S. will release industrial production as well as retail sales data.
The outcome of it will provide further directions to the parity.
XAU [GOLD]
USD
/
1785
1778
1772
1764
FEBRUARY,
2
021

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