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12 November 2021
Daily Analysis Report
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Asian Bulle n: U.S. dollar strengthens sharply against major peer, U.S. Prelim UoM Consumer Sen ment data is in focus, Asian stock markets in green, Gold stabilizes
above $1,850 mark
Key Headlines:
• New Zealand Business Manufacturing Index stands at 54.3 vs 51.6 previous release.
• The S&P 500 ended essen ally flat on Thursday, with chipmakers helping push the Nasdaq into posi ve territory in a subdued Veterans Day session, the day
a er ho er-than-expected infla on reports dampened investor sen ment and halted a streak of record closing highs – Reuters.
• The dollar rose to almost 16-month highs against the euro and other currencies on Thursday, a er the ho est U.S. infla on reading in 30 years encouraged
bets that the Federal Reserve would ghten monetary policy faster than expected – Reuters.
• U.S. President Joe Biden will visit a Michigan General Motors electric vehicle plant next week as the White House pushes Congress to approve big tax
incen ves for zero-emission vehicles – Reuters.
• Austria is days away from placing millions of people not fully vaccinated against COVID-19 on lockdown, as daily infec ons are at a record high and intensive-
care units are increasingly strained, Chancellor Alexander Schallenberg said on Thursday – Reuters.
• Moderna Inc applied for approval from Japan's health ministry on Wednesday to use their COVID-19 vaccines for booster shots, broadcaster NHK reported on
Thursday – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) German WPI, previous 0.8, expected 0.6.
• (0730 GMT/1300 IST) Swiss PPI, previous 0.2, expected 0.4.
• (1000 GMT/1530 IST) Euro Industrial Produc on, previous -1.6, expected -0.5.
• (1500 GMT/2030 IST) U.S. JOLTS Job Openings.
• (1500 GMT/203 IST) U.S. Prelim UoM Consumer Sen ment, previous 71.7, expected 72.5.
Economic Events Ahead:
• ECOFIN Mee ngs.
• (1710 GMT/2240 IST) FOMC Member Williams Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.07% to 95.25 points.
3. AUD / USD
BUY SELL
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NOVEMBER,
2021
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
0.7302
R2 S2
0.7322
R3 S3
0.7340
R4
Commentary
S4
0.7372
Buy Above 0.7302
0.7327
0.7280
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7268
0.7242
0.7292
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades marginally lower on Friday and stabilizes below $0.7300 mark. Today
pair made intraday high at $0.7296 and low at $0.7276 mark.Aday chart is up and H1 chart with triple
EMA suggests down trend for the time being. A sustained close above $0.7302 on H1 chart requires
for the upside rally.Alternatively, a consistent close below $0.7270 will check further supports.
0.7270
0.7240
0.7215
0.7200
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1451
R2 S2
1.1490
R3 S3
1.1522
R4
Commentary
S4
1.1540
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-
Time Frame: H1
EUR/USD: The Euro depreciates sharply against U.S. dollar and hits lowest level since July 2020.
Today pair made intraday high at $1.1451 and low at $1.1436. Today triple EMAon a day chart and H1
chart suggest bearish trend for the time being.Aconsistent close above $1.1451 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.1427 on H1 chart will check further
supports.
EUR / USD
1.1427
1.1401
1.1378
1.1338
Buy Above 1.1450
1.1476
1.1428
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1420
1.1390
1.1456
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
NOVEMBER,
2021
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3372
R2 S2
1.3399
R3 S3
1.3427
R4
Commentary
S4
1.3468
Buy Above 1.3374
1.3405
1.3351
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3340
1.3306
1.3372
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling continues to trade lower against U.S. dollar and hovers around $1.3350 mark.
Today pair made intraday high at $1.3371 and low at $1.3353 mark. A day chart and H1 chart with
triple EMA suggest down trend for the time being. A sustained close above $1.3372 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.3337 will check further supports.
USD
1.3337
1.3305
1.3282
1.3255
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
NOVEMBER,
2021
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
1.2600
R2 S2
1.2626
R3 S3
1.2654
R4
Commentary
S4
1.2699
Buy Above 1.2602
1.2638
1.2574
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2566
1.2530
1.2591
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD falls drastically against U.S. Dollar and touches $1.2600 mark in opening hours.
The pair made intraday high at 1.2600 and low at 1.2572 mark. Today a day chart is down and H1
chart with triple EMA suggests up trend for the time being. A sustained close above 1.2595 on H1
chart requires for the upside rally.Alternatively, a consistent close below 1.2572 on H1 chart will check
key supports too.
USD /CAD
1.2570
1.2540
1.2512
1.2500
NOVEMBER,
2021
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
114.28
R2 S2
114.54
R3 S3
114.78
R4
Commentary
S4
115.15
Buy Above 114.30
114.54
114.11
– Take Profit
– Stop Loss
Trade Idea
Sell Below 113.99
113.68
114.19
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
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Time Frame: H1
USD/JPY: The Japanese yen falls gradually against U.S. dollar and remains well supported above
114.00 mark. The pair made intraday high at 114.30 and low at 114.03 mark. The triple EMA on a day
chart and H1 chart suggest bullish trend for the time being. A sustained close above 114.28 on H1
chart requires for the upside rally.Alternatively, a consistent close below 114.00 on H1 chart will check
further key supports.
USD /JPY
114.00
113.80
113.62
113.38
NOVEMBER,
2021
8. 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
1864
R2 S2
1868
R3 S3
1874
R4
Commentary
S4
1881
Buy Above 1864
1870
1858
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1852
1848
1856
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold moves in rigid boundaries ahead of U.S. Prelim UoM Consumer Sentiment
data and remains well supported above $1,850 mark. Today pair made intraday high at $1,862 and
low at $1,855 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A
sustained close above $1,864 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,852 will check further supports.
XAU [GOLD]
USD
/
1852
1847
1842
1836
NOVEMBER,
2021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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