Daily Analysis Report
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31 August, 2020

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Asian Bulle n: Japanese yen remains slightly vola le a er mixed economic data, most Asian markets in green, gold hovers around $1,970 mark
Asian Headlines:
• Japan prelim industrial produc on stands at 8.0 vs 1.9 pct previous release (expected 5.0).
• Japan retail sales stands at -2.8 vs -1.3 pct previous release (expected -1.7).
• China manufacturing PMI stands at 51.0 vs 51.1 previous release (expected 51.1).
• China non manufacturing PMI stands at 55.2 vs 54.2 previous release (expected 54.0).
• New Zealand business confidence stands at -41.8 vs -42.4 previous release.
• Australia private sector credit stands at -0.1 vs -0.2 pct previous release.
Economic Data Ahead:
• (0230 ET/0630 GMT) Swiss retail sales, previous 1.1, expected 0.9.
• (0300 ET/0700 GMT) Spain flash CPI, previous -0.6.
• (0500 ET/0900 GMT) Euro Italian prelim CPI, previous -0.2, expected 0.3.
• (0830 ET/1230 GMT) Canada IPPI, previous 0.4, expected 0.8.
• (0830 ET/1230 GMT) Canada RMPI, previous 7.5, expected 4.3.
Economic Events Ahead:
• (0900 ET/1300 GMT) U.S. FOMC member Clarida’s speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.07% to 92.30.
USD/JPY: The Japanese yen fails to find support below 105.00 mark and trading marginally lower around 105.70 mark on Monday. A sustained close above 105.33 will
take the parity higher towards key resistance around 106.22, 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 105.33 will drag the parity down towards 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The pair touches $0.7381 mark in opening hours, hits highest level since Dec 2018. The pair made intraday high at $0.7381 and low at $0.7346 marks. On the
top side key resistances are seen at $0.7393, $0.7422, $0.7462 and $0.7502 mark respec vely. On the other hand, a consistent close below $0.7364 will take the parity
down towards key supports around $0.7257, $0.7190, $0.7158, $0.7123, $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi touches $0.6751 mark in opening hours, hits highest level since Dec 2019. Pair made intraday high at $0.6751 and low at $0.6722 mark. Key
resistances are seen at $0.6766, $0.6782 and $0.6824 mark respec vely. Alterna vely, a consistent close below $0.6739 will drag the parity down towards key supports
around $0.6686, $0.6620, $0.6547, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The pair slips below 73.00 mark against U.S. dollar in opening hours but fails to find support below it. The pair made intraday high at 73.33 and low at 72.96. A
sustained close below 73.08 marks will drag the parity down towards 72.88, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 73.76,
74.10, 74.37, 74.70, 75.02, 75.20 and 75.39 marks respec vely.
EUR/USD: The euro starts a new week on slightly posi ve note against U.S. dollar. The pair made intraday high at $1.1929 and low at $1.1896 mark. A sustained close
above $1.1902 tests key resistances at $1.1965, $1.1976, $1.1999 and $1.2022 mark respec vely. On the other side, a sustained close below $1.1787 will target key
supports around $1.1740, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The sterling rises gradually against U.S. dollar and touches $1.3369 mark in opening hours. A sustained close above $1.3347 will drag the parity up towards
$1.3378, $1.3442 and $1.3515 mark respec vely. Key support levels are seen at $1.3238, $1.3198, $1.3151, $1.3102, $1.3062, $1.3009, $1.2950, $1.2838 and $1.2775
mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades in s ff boundaries and stabilizes above $1,950 mark. Today pair made intraday high at $1,976 and low at $1,965 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, $1,910, $1,902,
$1,890, $1,862, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,978, $1,987, $1,994, $2,008, 2,020, 2,038 and $2,063 marks
respec vely.
XAG/USD (Silver): Silver appreciates on Monday and hovers around $28.00 mark. A sustained close above $29.13 requires for upside rally. Key support levels are seen at
$27.50, $26.90, $26.53, $26.12, $25.53, $25.02, $24.70, $23.41, $23.24 and $23.02 marks respec vely. Key resistances are seen at $28.12, $28.38, $28.62 and $29.00
marks respec vely.

AUD / USD
REPORTFROM:TPGLOBALFXAUGUST,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 0.73709 S1 0.72857
Buy Above 0.73866
0.74167
0.72988
0.72988
0.72700
0.73866
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.73972 S2 0.72594
R3 0.74398 S3 0.72168
R4 0.75087 S4 0.71479
Conclusion
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0.73283

EUR / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.19200 S1 1.18368
Buy Above 1.19293
1.19472
1.18607
1.18607
1.18428
1.19293
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.19456 S2 1.18112
R3 1.19872 S3 1.17696
R4 1.20544 S4 1.17024
Conclusion
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1.18784
AUGUST,2020

GBP / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.33627 S1 1.32327
Buy Above 1.33852
1.34367
1.32588
1.32588
1.32213
1.33852
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.34028 S2 1.31926
R3 1.34678 S3 1.31276
R4 1.35729 S4 1.30225
Conclusion
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1.32977
AUGUST,2020

USD /CAD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.31241 S1 1.30587
Buy Above 1.31171
1.31391
1.30497
1.30497
1.30252
1.31171
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31442 S2 1.30386
R3 1.31769 S3 1.30059
R4 1.32297 S4 1.29531
Conclusion
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1.30914
Trend Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
AUGUST,2020

USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 106.492 S1 105.158
Buy Above 106.048
106.279
105.104
105.104
104.856
106.048
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 106.903 S2 104.747
R3 107.570 S3 104.080
R4 108.648 S4 103.002
Conclusion
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105.825
Trends Reversing Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
AUGUST,2020

XAU / [GOLD]USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1973.07 S1 1934.35
Buy Above 1979.44
1987.21
1951.08
1951.08
1940.98
1979.44
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1985.02 S2 1922.40
R3 2004.38 S3 1903.04
R4 S4 1871.73
Conclusion
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1953.71
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
2035.69
AUGUST,2020

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