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21 October, 2020
Daily Analysis Report

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Asian Bulle n: Japanese yen rises on Wednesday; Asian stock markets mixed; gold up
Asian Headlines:
• South Korea PPI m/m stands at 0.1 pct vs 0.5 pct previous release.
• Australia MI leading index stands at 0.2 pct vs 0.5 pct previous release.
Economic Data Ahead:
• (0430 ET/0830 GMT) U.K. House price index, previous 2.3 pct.
• (0830 ET/1230 GMT) Canada CPI m/m, previous -0.1, expected -0.1.
• (0830 ET/1230 GMT) Canada core CPI m/m, previous 0.0.
• (0830 ET/1230 GMT) Canada retail sales m/m, previous 0.6, expected 1.1.
Economic Events Ahead:
• (0330 ET/0730 GMT) ECB President Lagarde’s speech.
• (0345 ET/0745 GMT) ECB’s Lane’s speech.
• (0600 ET/1000 GMT) ECB’s De Guindos’s speech.
• (0810 ET/1210 GMT) U.K. MPC member Ramsden’s speech.
• (0850 ET/1250 GMT) U.S. FOMC member Brainard’s speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.18% to 92.90 points.
USD/JPY: The Japanese yen rises on Wednesday and stabilizes below 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 trades marginally higher on Wednesday and stabilizes below $0.71 mark. The pair made intraday high at $0.7083 and low at $0.7043 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 $0.7047
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 rises marginally against U.S. dollar and jumps back above $0.66 mark. Pair made intraday high at $0.6612 and low at $0.6573 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 $0.6578 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 moves in s ff boundaries and consolidates around 73.37 mark. The pair made intraday high at 73.40 and low at 73.29 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 rises on Wednesday and touches $1.1850 mark in early Asia. The pair made intraday high at $1.1849 and low at $1.1820 mark. A sustained close
above $1.1820 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
$1.1820 will target key supports around $1.1790, $1.1744, $1.1688, $1.1662, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound rises sharply ahead of U.K. CPI and Core CPI data. Today pair made intraday high at $1.2979 and low at $1.2934 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 strengthens on Wednesday and touches $1,920 mark in Asian hours. Today pair made intraday high at $1,920 and low at $1,907 mark. A
sustained close above $1,912 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 Wednesday and jumps above $25.00 mark. Today pair made intraday high at $25.13 and low at $24.62 mark. A sustained close
above $25.10 requires for upside rally. Key support levels are seen at $24.62, $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 $25.10, $25.53, $25.81 and $25.94 marks respec vely.

AUD / USD
REPORTFROM:TPGLOBALFXOCTOBER,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 0.70662 S1 0.70268
Buy Above 0.70935
0.71085
0.70390
0.70390
0.70237
0.70935
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.70784 S2 0.70146
R3 0.70981 S3 0.69949
R4 0.71300 S4 0.69630
Conclusion
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0.70465

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 1.18380 S1 1.17762
Buy Above 1.18702
1.18986
1.17887
1.17887
1.17639
1.18702
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18570 S2 1.17572
R3 1.18879 S3 1.17263
R4 1.19378 S4 1.16764
Conclusion
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1.18071
OCTOBER,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 1.29716 S1 1.29194
Buy Above 1.30183
1.30393
1.29206
1.29206
1.28963
1.30183
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.29878 S2 1.29032
R3 1.30139 S3 1.28771
R4 1.30562 S4 1.28348
Conclusion
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1.29455
OCTOBER,2020

USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.31828 S1 1.31068
Buy Above 1.31737
1.31974
1.30745
1.30745
1.30469
1.31737
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32062 S2 1.30834
R3 1.32442 S3 1.30454
R4 1.33056 S4 1.29840
Conclusion
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1.31448
Trend Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
OCTOBER,2020

USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 105.680 S1 105.372
Buy Above 105.556
105.676
105.166
105.166
105.077
105.556
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.774 S2 105.278
R3 105.928 S3 105.124
R4 106.176 S4 104.876
Conclusion
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105.526
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
OCTOBER,2020

XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1912.60 S1 1897.76
Buy Above 1923.26
1927.83
1905.31
1905.31
1900.03
1923.26
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1917.18 S2 1893.18
R3 1924.60 S3 1885.76
R4 S4 1873.76
Conclusion
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1905.18
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
1936.60
OCTOBER,2020

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