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Asian Bulle n: Japanese yen falls dras cally in opening hours; Asian stock markets extremely up; gold down
Asian Headlines:
• New Zealand commodity prices stands at -0.2 vs -1.0 previous release.
• Australia MI infla on gauge stands at 0.1 pct vs 0.1 pct previous release.
• Australia NAB business confidence stands at -4 vs -8 previous release.
• Australia AIG construc on index stands at 45.2 vs 42.7 previous release.
• South Korea manufacturing PMI stands at 49.8 vs 48.5 previous release.
• Japan services PMI stands at 46.9 vs 45.0 previous release (expected 45.6).
Economic Data Ahead:
• (0315 ET/0715 GMT) Spain services PMI, previous 47.7, expected 46.4.
• (0345 ET/0745 GMT) Italy services PMI, previous 47.1, expected 46.7.
• (0350 ET/0750 GMT) France final services PMI, previous 47.5, expected 47.5.
• (0355 ET/0755 GMT) German final services PMI, previous 49.1, expected 49.1.
• (0400 ET/0800 GMT) Euro final services PMI, previous 47.6, expected 47.6.
• (0430 ET/0830 GMT) Euro Sen x investor confidence, previous -8.0, expected -9.2.
• (0430 ET/0830 GMT) U.K. final services PMI, previous 55.1, expected 55.1.
• (0500 ET/0900 GMT) Euro retail sales, previous -1.3, expected 2.4.
• (1000 ET/1400 GMT) U.S. ISM non – manufacturing PMI, previous 56.9, expected 56.3.
Economic Events Ahead:
• All Day Eurogroup mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.13% to 93.73 points.
USD/JPY: The Japanese yen falls no ceably in opening hours and touches 105.60 mark. A sustained close above 105.61 will take the parity higher towards key resistance
around 105.90, 106.22, 106.92, 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 105.38 will drag the
parity down towards 104.92, 104.55, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie trades marginally higher a er robust services PMI and AIG construc on index data. The pair made intraday high at $0.7191 and low at $0.7156
marks. On the top side key resistances are seen at $0.7222, $0.7290, $0.7340, $0.7370, $0.7422, $0.7462 and $0.7502 mark respec vely. On the other hand, a consistent
close below $0.7160 will take the parity down towards key supports around $0.7120, $0.7090, $0.7068, $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark
respec vely.
NZD/USD: The kiwi rises slightly on Monday. Pair made intraday high at $0.6654 and low at $0.6632 mark. Key resistances are seen at $0.6657, $0.6749, $0.6789,
$0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6612 will drag the parity down towards key supports around $0.6540,
$0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee strengthens in opening hours and touches 72.99 mark. The pair made intraday high at 73.24 and low at 72.99 mark. A sustained close below
73.02 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 73.54, 73.76, 74.10, 74.37,
74.70, 75.02, 75.20 and 75.39 marks respec vely.
EUR/USD: The euro trades flat ahead of Eurogroup mee ng. The Eurogroup coordinates economic policies of the 19 euro area member states and their ini a ves and
decisions can have a widespread effect on the Eurozone's economic health. The pair made intraday high at $1.1735 and low at $1.1706 mark. A sustained close above
$1.1744 tests key resistances at $1.1770, $1.1837, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close
below $1.1710 will target key supports around $1.1690, $1.1660, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound moves in rigid boundaries and hovers around $1.2930 mark. Today pair made intraday high at $1.2954 and low at $1.2912 mark. A sustained close
above $1.2928 will drag the parity up towards $1.2966, $1.3002, $1.3070 and $1.3102 mark respec vely. Key support levels are seen at $1.2854, $1.2822, $1.2752,
$1.2723, $1.2675, $1.2632, $1.2602 and $1.2570 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold starts a new week on a nega ve note. Today pair made intraday high at $1,904 and low at $1,891 mark. A sustained close above $1,906 requires
for the upside rally. On the other side, consistent close below $1,885 will check key supports as well. Key support levels are seen around $1,876, $1,862, $1,854, $1,849,
$1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,899, $1,912, $1,922, $1,932, $1,940, $1,947, $1,957 and $1,972 marks respec vely.
XAG/USD (Silver): Silver trades flat on Monday and jumps above $24.00 mark in opening hours. Today pair made intraday high at $24.04 and low at $23.69 mark. A
sustained close above $24.20 requires for upside rally. Key support levels are seen at $22.77, $22.40, $22.12, $21.90, $21.68, $21.22, $20.50 and $20.02 marks
respec vely. Key resistances are seen at $23.90, $24.17, $24.40, $24.76 and $25.53 marks respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXOCTOBER,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 0.71823 S1 0.71383
Buy Above 0.71978
0.72138
0.71462
0.71462
0.71275
0.71978
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.71958 S2 0.71248
R3 0.72178 S3 0.71028
R4 0.72533 S4 0.70673
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.71603
4. 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 1.17409 S1 1.16995
Buy Above 1.17568
1.17710
1.16955
1.16955
1.16777
1.17568
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.17537 S2 1.16867
R3 1.17744 S3 1.16660
R4 1.18079 S4 1.16325
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.17202
OCTOBER,2020
5. 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 1.29538 S1 1.28642
Buy Above 1.29744
1.30003
1.28725
1.28725
1.28338
1.29744
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.29814 S2 1.28366
R3 1.30262 S3 1.27918
R4 1.30986 S4 1.27194
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.29090
OCTOBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.33250 S1 1.32812
Buy Above 1.33400
1.33572
1.32572
1.32572
1.32359
1.33400
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.33384 S2 1.32678
R3 1.33603 S3 1.32459
R4 1.33956 S4 1.32106
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.33031
Trend Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
OCTOBER,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 105.584 S1 105.032
Buy Above 105.790
105.950
105.233
105.233
105.025
105.790
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.755 S2 104.861
R3 106.031 S3 104.585
R4 106.478 S4 104.138
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
105.308
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
OCTOBER,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1912.82 S1 1892.00
Buy Above 1913.10
1918.89
1881.99
1881.99
1875.04
1913.10
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1919.24 S2 1885.58
R3 1929.65 S3 1875.17
R4 S4 1858.34
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1902.41
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1946.48
OCTOBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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