DAILY ANALYSIS REPORT JULY 23, 2021

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23 July 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar trades marginally lower against major peers, Asian stock markets in red, gold hovers around $1,800 mark
Key Headlines:
• Japanese banks will be closed in observance of Health-Sports Day.
• Australia Flash manufacturing PMI, previous 58.6, expected 56.8.
• Australia Flash services PMI, previous 56.8, expected 44.2.
• Big tech pushed Wall Street to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings sent
investors back to growth stocks – Reuters.
• A drubbing in world equity markets and a huge flight to safety into U.S. Treasuries this week suggests investors now doubt that a much-an cipated return to
post-COVID normality is feasible any me soon – Reuters.
• The number of Americans filing new claims for unemployment benefits rose to a two-month high last week, a reminder that the labor market was far from
being out of the woods as the na on confronts a resurgence in new COVID-19 infec ons – Reuters.
Economic Data Ahead:
• (0800 GMT/1330 IST) Euro Flash Manufacturing PMI, previous 63.4, expected 62.6.
• (0800 GMT/1330 IST) Euro Flash Services PMI, previous 58.3, expected 59.4.
• (0830 GMT/1400 IST) U.K. Flash Manufacturing PMI, previous 63.9, expected 62.3.
• (0830 GMT/1400 IST) U.K. Flash Services PMI, previous 62.4, expected 62.1.
• (1230 GMT/1800 IST) Canada Retail Sales, previous -5.7, expected -3.0.
• (1345 GMT/1915 IST) U.S. Flash Manufacturing PMI, previous 62.1, expected 62.0.
• (1345 GMT/1915 IST) U.S. Flash Services PMI, previous 64.6, expected 64.6.
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 up 0.03% to 92.85 points.

3. AUD / USD
BUY SELL
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JULY,
2
021
Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7409
R2 S2
0.7442
R3 S3
0.7470
R4
Commentary
S4
0.7490
Buy Above 0.7400
0.7432
0.7370
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7357
0.7320
0.7388
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie recovers gradually against U.S. dollar after Flash Manufacturing and Services
PMI data and hovers around $0.74 mark. It made intraday high at $0.7399 and low at $0.7359 mark.A
day chart is down while H1 chart with triple EMA suggests up trend for the time being. A sustained
close above $0.7409 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.7359 will check further supports.
0.7350
0.7320
0.7290
0.7262

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1815
R2 S2
1.1840
R3 S3
1.1876
R4
Commentary
S4
1.1902
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-
Time Frame: H1
EUR/USD: The Euro remained highly volatile after ECB’s Interest Rate Decision and ended the day
with lower note. Today pair made intraday high at $1.1780 and low at $1.1761. Today triple EMA on a
day chart and H1 chart suggest bearish trend for the time being.Aconsistent close above $1.1815 on
H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1760 on H1 chart will
check further supports.
EUR / USD
1.1760
1.1737
1.1700
1.1680
Buy Above 1.1792
1.1815
1.1761
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1756
1.1733
1.1780
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JULY,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3790
R2 S2
1.3824
R3 S3
1.3850
R4
Commentary
S4
1.3878
Buy Above 1.3780
1.3807
1.3751
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3742
1.3715
1.3771
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling appreciates noticeably and remains well supported above $1.3750 mark.
Today pair made intraday high at $1.3780 and low at $1.3750 mark.Aday chart is down and H1 chart
with triple EMAsuggests bullish trend for the time being.Asustained close above $1.3790 on H1 chart
will check key resistances.Alternatively, a consistent close below $1.3740 will check further supports.
USD
1.3740
1.3721
1.3700
1.3680
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JULY,
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
1.2585
R2 S2
1.2622
R3 S3
1.2638
R4
Commentary
S4
1.2672
Buy Above 1.2587
1.2622
1.2552
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2550
1.2524
1.2578
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar starts a new day on a lower note and trading around 1.2570 mark.
Today pair made intraday high at 1.2571 and low at 1.2552 mark. Today a day chart is up but H1 chart
with triple EMAsuggests bearish trend for the time being.Asustained close above 1.2585 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2540 on H1 chart will check key
supports too.
USD /CAD
1.2540
1.2490
1.2472
1.2455
JULY,
2
021

7. BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
110.32
R2 S2
110.50
R3 S3
110.76
R4
Commentary
S4
111.04
Buy Above 110.40
110.68
110.10
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.99
109.71
110.30
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Friday and hovers around 110.22 mark. The
pair made intraday high at 110.28 and low at 110.07 mark. The triple EMAon a day chart and H1 chart
suggests bullish trend for the time being.Asustained close above 110.32 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 109.82 on H1 will check further key supports.
USD /JPY
109.70
109.42
109.10
108.78
JULY,
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
1812
R2 S2
1818
R3 S3
1824
R4
Commentary
S4
1830
Buy Above 1809
1815
1802
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1798
1792
1807
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold weakens sharply on Friday ahead of Flash Manufacturing PMI data. Today
pair made intraday high at $1,808 and low $1,802 mark. A day chart and H1 chart with triple EMA
suggests bearish trend for the time being.Asustained close above $1,809 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,792 will check further supports.
XAU [GOLD]
USD
/
1791
1786
1781
1776
JULY,
2
021

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