2. +1 7754 366 970
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Asian Bulle n: Japanese yen remains almost unchanged despite lower than expected revised industrial produc on data; Asian stock markets in red; gold stabilizes below
$1,900 mark
Asian Headlines:
• Australia Westpac consumer sen ment stands at 11.9 pct vs 18.0 pct previous release.
• Singapore GDP q/q stands at 7.9 pct vs -13.2 pct previous release.
• South Korea interest rate remains unchanged at 0.5 pct.
• Japan revised industrial produc on stands at 1.0 pct vs 1.7 pct previous release (expected 1.7).
Economic Data Ahead:
• (0500 ET/0900 GMT) Euro Industrial produc on, previous 4.1, expected 0.8.
• (0830 ET/1230 GMT) U.S. PPI, previous 0.3, expected 0.2.
• (0830 ET/1230 GMT) U.S. Core PPI, previous 0.4, expected 0.2.
Economic Events Ahead:
• (0900 ET/1300 GMT) U.K. MPC member Haldane’s speech.
• (0900 ET/1300 GMT) U.S. FOMC member Clarida’s speech.
• (1030 ET/1430 GMT) Canada Gov council member Lane’s speech.
• (1030 ET/1430 GMT) U.S. FOMC member Quarles’s speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.01% to 93.53 points.
USD/JPY: The Japanese yen remains almost unchanged a er revised industrial produc on data. A sustained close above 106.01 will take the parity higher towards key
resistance around 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 105.32 will drag the
parity down towards 104.92, 104.55, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie recovers slightly against U.S. dollar and stabilizes above $0.7150 mark. The pair made intraday high at $0.7174 and low at $0.7152 marks. On the
top side key resistances are seen at $0.7222, $0.7240, $0.7290, $0.7340, $0.7370, $0.7422, $0.7462 and $0.7502 mark respec vely. On the other hand, a consistent close
below $0.7158 will take the parity down towards key supports around $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 in early Asia and hovers around $0.6660 mark. Pair made intraday high at $0.6665 and low at $0.6643 mark. Key resistances are seen at $0.6673,
$0.6710, $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6644 will drag the parity down towards key
supports around $0.6627, $0.6570, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee trades marginally higher ahead of India’s WPI infla on data and remains well supported above 73.00 mark. The pair made intraday high at
73.36 and low at 73.29 mark. A sustained close below 72.87 marks will drag the parity down towards 72.65, 72.40 and 72.12 mark respec vely. On the top side key
resistances are seen at 73.36, 73.57, 73.76, 74.10, 74.37, 74.70, 75.02, 75.20 and 75.39 marks respec vely.
EUR/USD: The euro trades flat on Wednesday ahead of industrial produc on data. The pair made intraday high at $1.1751 and low at $1.1735 mark. A sustained close
above $1.1810 tests key resistances at $1.1876, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below
$1.1740 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 s ff boundaries on Wednesday. Today pair made intraday high at $1.2943 and low at $1.2919 mark. A sustained close above $1.3063 will
drag the parity up towards $1.3092, $1.3122, $1.3154 and $1.3182 mark respec vely. Key support levels are seen at $1.2912, $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 depreciated dras cally during U.S. session and today touched $1,882 mark in early Asia. Today pair made intraday high at $1,897 and low at
$1,882 mark. A sustained close above $1,892 requires for the upside rally. On the other side, consistent close below $1,892 will check key supports as well. Key support
levels are seen around $1,882, $1,876, $1,864, $1,857, $$1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1902, $1,918, $1,922,
$1,932, $1,940, $1,947, $1,957 and $1,972 marks respec vely.
XAG/USD (Silver): Silver takes halt around $23.96 mark and currently stabilizes above $24.10 mark. Today pair made intraday high at $24.27 and low at $23.87 mark. A
sustained close above $25.10 requires for upside rally. Key support levels are seen at $23.83, $23.22, $22.90, $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 $24.52, $24.76, $25.10, $25.53, $25.81 and $25.94 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 0.71968 S1 0.71500
Buy Above 0.71952
0.72151
0.71471
0.71471
0.71323
0.71952
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.72112 S2 0.71356
R3 0.72346 S3 0.71122
R4 0.72724 S4 0.70744
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.71734
4. 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 1.17953 S1 1.17303
Buy Above 1.17715
1.17986
1.17194
1.17194
1.16966
1.17715
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18155 S2 1.17101
R3 1.18480 S3 1.16776
R4 1.19007 S4 1.16249
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.17628
OCTOBER,2020
5. 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 1.30302 S1 1.29184
Buy Above 1.30059
1.30439
1.29031
1.29031
1.28764
1.30059
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.30648 S2 1.28838
R3 1.31207 S3 1.28279
R4 1.32112 S4 1.27374
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.29743
OCTOBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.31454 S1 1.31088
Buy Above 1.31597
1.31779
1.31175
1.31175
1.31017
1.31597
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31566 S2 1.30976
R3 1.31749 S3 1.30793
R4 1.32044 S4 1.30498
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.31271
Trend Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
OCTOBER,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 105.554 S1 105.318
Buy Above 105.603
105.750
105.225
105.225
105.074
105.603
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.628 S2 105.244
R3 105.746 S3 105.126
R4 105.938 S4 104.934
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
105.436
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
OCTOBER,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1915.73 S1 1886.01
Buy Above 1909.49
1917.51
1881.56
1881.56
1873.88
1909.49
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1924.91 S2 1876.83
R3 1939.77 S3 1861.97
R4 S4 1837.93
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1900.87
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1963.81
OCTOBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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