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Asian Bulle n: Aussie falls sharply a er RBA’s Monetary Policy Mee ng Minutes; most Asian stock markets in red, gold consolidates around $1,900 mark
Asian Headlines:
• New Zealand NZIER business confidence stands at -40 vs -63 previous release.
• China house price stands at 4.6 pct vs 4.8 pct previous release.
• PBoC keeps loan prime rate unchanged at 3.85 pct.
Economic Data Ahead:
• (0400 ET/0800 GMT) Euro current account, previous 16.6B, expected 17.2B.
• (0830 ET/1230 GMT) U.S. Building permits, previous 1.48M, expected 1.52M.
• (0830 ET/1230 GMT) U.S. Housing starts, previous 1.42M, expected 1.45M.
Economic Events Ahead:
• (0900 ET/1300 GMT) U.S. FOMC member Williams’ speech.
• (1050 ET/1450 GMT) U.S. FOMC member Quarles’ speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.04% to 93.39 points.
USD/JPY: The Japanese yen trades marginally lower on Tuesday and hovers around 105.50 mark. A sustained close above 105.61 will take the parity higher towards key
resistance around 105.94, 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 105.16 will
drag the parity down towards 104.92, 104.55, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie depreciates on Tuesday a er RBA’s monetary policy mee ng minutes. The pair made intraday high at $0.7069 and low at $0.7037 marks. On the
top side key resistances are seen at $0.7070, $0.7122, $0.7190, $0.7222, $0.7240 and $0.7290 mark respec vely. On the other hand, a consistent close below $0.7022
will take the parity down towards key supports around $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The Kiwi falls no ceably against U.S. dollar and slips back below $0.66 mark. Pair made intraday high at $0.6606 and low at $0.6571 mark. Key resistances are
seen at $0.6621, $0.6673, $0.6710, $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6574 will drag the
parity down towards key supports around $0.6540, $0.6527, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee exhibits range bound movement and consolidates around 73.37 mark. The pair made intraday high at 73.34 and low at 73.27 marks. A
sustained close below 73.22 marks will drag the parity down towards 72.87, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 73.37,
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 and trading around $1.1777 mark. The pair made intraday high at $1.1777 and low at $1.1763 mark. A sustained close above $1.1770 tests
key resistances at $1.1810, $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 $1.1700 will
target key supports around $1.1688, $1.1662, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound appreciated sharply on previous session and touched $1.3024 mark a er Brexit decision extends ll November 2020. Today pair made intraday high
at $1.2958 and low at $1.2935 mark. A sustained close above $1.2942 will drag the parity up towards $1.2976, $1.3024, $1.3092, $1.3122, $1.3154 and $1.3182 mark
respec vely. Key support levels are seen at $1.2889, $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 trades marginally lower and hovers around $1,900 mark. Today pair made intraday high at $1,905 and low at $1,894 mark. A sustained close
above $1,908 requires for the upside rally. On the other side, consistent close below $1,891 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 rises gradually on Tuesday and stabilizes around $24.50 mark. Today pair made intraday high at $24.55 and low at $24.32 mark. A sustained close
above $25.10 requires for upside rally. Key support levels are seen at $24.12, $23.87, $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 0.71015 S1 0.70585
Buy Above 0.70935
0.71085
0.70285
0.70285
0.70136
0.70935
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.71147 S2 0.70453
R3 0.71362 S3 0.70238
R4 0.71709 S4 0.69891
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.70800
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 1.17899 S1 1.17207
Buy Above 1.18024
1.18255
1.17198
1.17198
1.16917
1.18024
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18112 S2 1.16994
R3 1.18458 S3 1.16648
R4 1.19017 S4 1.16089
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.17553
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 1.30054 S1 1.29034
Buy Above 1.30183
1.30531
1.29056
1.29056
1.28626
1.30183
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.30370 S2 1.28718
R3 1.30880 S3 1.28208
R4 1.31706 S4 1.27382
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.29544
OCTOBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.31933 S1 1.31607
Buy Above 1.32181
1.32326
1.31471
1.31471
1.31302
1.32181
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32035 S2 1.31505
R3 1.32198 S3 1.31342
R4 1.32463 S4 1.31077
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.31770
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 105.482 S1 105.328
Buy Above 105.632
105.718
105.265
105.265
105.155
105.632
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.530 S2 105.280
R3 105.607 S3 105.203
R4 105.732 S4 105.078
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
105.405
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 1914.64 S1 1898.26
Buy Above 1909.49
1914.28
1890.59
1890.59
1886.05
1909.49
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1919.69 S2 1893.21
R3 1927.88 S3 1885.02
R4 S4 1871.78
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1906.45
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1941.12
OCTOBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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