Daily Analysis Report
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20 August, 2020

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Asian Bulle n: U.S. dollar strengthens remarkably against major peers as Fed mee ng minutes confirm hawkish tone; Asian stock markets in red; gold stabilizes above
$1,920 mark
Asian Headlines:
• PBoC keeps loan prime rate unchanged at 3.85 pct.
• RBNZ revised term lending facility. Reserve Bank will con nue to offer to lend funds to banks at the Official cash rate; however the term has been extended to
five years from three years.
Economic Data Ahead:
• (0200 ET/0600 GMT) Swiss trade balance, previous 3.22B, expected 3.02B.
• (0200 ET/0600 GMT) German PPI, previous 0.0, expected 0.1.
• (0600 ET/1000 GMT) U.K. CBI industrial order expecta ons, previous -46, expected -34.
• (0830 ET/1230 GMT) Canada ADP non – farm employment change, previous 1,042.9K.
• (0830 ET/1230 GMT) U.S. Philly Fed Manufacturing Index, previous 24.1, expected 21.0.
• (0830 ET/1230 GMT) U.S. unemployment claims weekly, previous 963K, expected 990K.
• (1000 ET/1400 GMT) U.S. CB leading index, previous 2.0, expected 1.0.
Economic Events Ahead:
• (0730 ET/1130 GMT) ECB monetary policy mee ng account.
• (1200 ET/1600 GMT) Canada Gov Council Member Beaudry’s speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.09% to 92.97.
USD/JPY: The Japanese yen hovers around 106.00 mark against U.S. dollar. A sustained close above 106.10 will take the parity higher towards key resistance around
106.22, 106.65, 106.90, 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 106.10 will drag the parity
down towards 105.40, 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie trades marginally lower against U.S. dollar. The pair made intraday high at $0.7193 and low at $0.7165 marks. On the top side key resistances are
seen at $0.7242, $0.7286, $0.7304 and $0.7344 mark respec vely. On the other hand, a consistent close below $0.7177 will take the parity down towards key supports
around $0.7123, $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi recovers slightly against U.S. dollar and stabilizing above $0.6550 mark. Pair made intraday high at $0.6571 and low at $0.6545 mark. Key resistances
are seen at $0.6602, $0.6649, $0.6715, $0.6766, $0.6782 and $0.6824 mark respec vely. Alterna vely, a consistent close below $0.6556 will drag the parity down
towards key supports around $0.6537, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee depreciates against U.S. dollar and touches 74.99 mark in opening hours. The pair made intraday high at 74.99 and low at 74.81. A sustained
close below 74.37 marks will drag the parity down towards 74.00, 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the top side key resistances are seen at 75.20,
75.39, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro falls dras cally and slips back below $1.1850 mark. The pair made intraday high at $1.1853 and low at $1.1831 mark. A sustained close above
$1.1836 tests key resistances at $1.1890, $1.1965, $1.1976, $1.1999 and $1.2022 mark respec vely. On the other side, a sustained close below $1.1836 will target key
supports around $1.1832, $1.1783, $1.1740, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The sterling erases previous gain against U.S. dollar and touches $1.3087 mark. A sustained close above $1.3090 will drag the parity up towards $1.3140,
$1.3182, $1.3226, $1.3289, $1.3322, $1.3378, $1.3442 and $1.3515 mark respec vely. Key support levels are seen at $1.3092, $1.3048, $1.3009, $1.2950, $1.2838 and
$1.2775 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold falls sharply a er U.S. FOMC mee ng minutes. Today pair made intraday high at $1,955 and low at $1,925 mark. A sustained close above $2,001
requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,922, $1,890, $1,862, $1,840, $1,822,
$1,809 and $1,787 mark respec vely. Key resistances are seen at $1,953, $1,972, $1,987, $1,994, $2,008, 2,020, 2,038 and $2,063 marks respec vely.
XAG/USD (Silver): Silver jumps back above $27.00 mark. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $26.44, $25.53, $25.02,
$24.70, $23.41, $23.24 and $23.02 marks respec vely. Key resistances are seen at $27.48, $27.92, $28.12, $28.38, $28.62 and $29.00 marks respec vely.

AUD / USD
REPORTFROM:TPGLOBALFXAUGUST,2020
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 0.72481 S1 0.71745
Buy Above 0.72253
0.72431
0.71610
0.71610
0.71334
0.72253
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.72709 S2 0.71517
R3 0.73077 S3 0.71149
R4 0.73673 S4 0.70553
Conclusion
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0.72113

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 1.19194 S1 1.18258
Buy Above 1.19107
1.19437
1.18044
1.18044
1.17624
1.19107
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.19482 S2 1.17970
R3 1.19950 S3 1.17502
R4 1.20706 S4 1.16746
Conclusion
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1.18726
AUGUST,2020

GBP / 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 1.32170 S1 1.30834
Buy Above 1.31778
1.32151
1.30698
1.30698
1.30363
1.31778
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32582 S2 1.30422
R3 1.33250 S3 1.29754
R4 1.34330 S4 1.28674
Conclusion
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1.31502
AUGUST,2020

USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.32261 S1 1.31545
Buy Above 1.32438
1.32713
1.31770
1.31770
1.31481
1.32438
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32483 S2 1.31323
R3 1.32841 S3 1.30965
R4 1.33421 S4 1.30385
Conclusion
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1.31903
Trend Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
AUGUST,2020

USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 106.179 S1 105.377
Buy Above 106.335
106.633
105.683
105.683
105.442
106.335
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 106.426 S2 105.130
R3 106.827 S3 104.729
R4 107.475 S4 104.081
Conclusion
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105.778
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
AUGUST,2020

XAU / [GOLD]USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1984.30 S1 1921.78
Buy Above 1972.89
1984.85
1915.96
1915.96
1902.76
1972.89
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 2003.60 S2 1902.48
R3 2034.86 S3 1871.22
R4 S4 1820.66
Conclusion
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1953.04
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
2085.42
AUGUST,2020

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