1.
Daily Analysis Report
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16 September, 2020

2.
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Asian Bulle n: Japanese yen rises on strong trade balance data; Asian stock markets mixed ahead of U.S. FOMC interest rate decision; gold slightly up
Asian Headlines:
• New Zealand current account stands at 1.83B vs 1.90B previous release (expected 0.69B).
• Japan trade balance stands at 0.35T vs 0.04T previous release (expected 0.01T).
• Australia MI leading index stands at 0.5 pct vs 0.1 pct previous release.
Economic Data Ahead:
• (0430 ET/0830 GMT) U.K. HPI, previous 2.9, expected 3.2.
• (0500 ET/0900 GMT) Euro Trade balance, previous 17.1B, expected 19.3B.
• (0830 ET/1230 GMT) Canada CPI, previous 0.0, expected 0.1.
• (0830 ET/1230 GMT) Canada core CPI, previous -0.1.
• (0830 ET/1230 GMT) U.S. retail sales, previous 1.2, expected 1.1.
• (0830 ET/1230 GMT) U.S. core retail sales, previous 1.9, expected 1.0.
• (1000 ET/1400 GMT) U.S. business inventories, previous -1.1, expected 0.2.
• (1400 ET/1800 GMT) U.S. interest rate decision, previous 0.25 pct, expected 0.25.
Economic Events Ahead:
• (1430 ET/1830 GMT) U.S. FOMC Press Conference.
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 93.04.
USD/JPY: The Japanese yen rises against U.S. dollar on robust trade balance data. A sustained close above 105.40 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 105.40 will drag the
parity down towards 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie rises gradually on Wednesday. The pair made intraday high at $0.7321 and low at $0.7288 marks. On the top side key resistances are seen at
$0.7340, $0.7370, $0.7422, $0.7462 and $0.7502 mark respec vely. On the other hand, a consistent close below $0.7287 will take the parity down towards key supports
around $0.7212, $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 strengthens in early Asia on higher than expected current account data. Pair made intraday high at $0.6730 and low at $0.6702 mark. Key resistances
are seen at $0.6740, $0.6770, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6700 will drag the parity down towards key
supports around $0.6650, $0.6618, $0.6547, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee trades flat and stabilizes above 73.50 mark. The pair made intraday high at 73.67 and low at 73.53 mark. A sustained close below 73.57 marks
will drag the parity down towards 73.37, 73.02, 72.88, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 73.77, 74.10, 74.37, 74.70,
75.02, 75.20 and 75.39 marks respec vely.
EUR/USD: The euro exhibits range bound movement. The pair made intraday high at $1.1853 and low at $1.1828 mark. A sustained close above $1.1863 tests key
resistances at $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1840 will target key supports
around $1.1802, $1.1774, $1.1737, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The sterling trades marginally higher and hovers around $1.29 mark ahead of U.K.’s CPI, core CPI data. A sustained close above $1.2888 will drag the parity up
towards $1.2930, $1.3002, $1.3070, $1.3102, $1.3148, $1.3210, $1.3276, $1.3350, $1.3382, $1.3422, $1.3442 and $1.3515 mark respec vely. Key support levels are seen
at $1.2875, $1.2820, $1.2762, $1.2740, $1.2695, $1.2662 and $1.2620 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold slightly up ahead of FOMC interest rate decision. Today pair made intraday high at $1,961 and low at $1,949 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 $1,947, $1,932, $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 $1,972, $1,982, $1,994, $2,008, 2,020, 2,038 and $2,063 marks
respec vely.
XAG/USD (Silver): Silver moves in rigid boundaries. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $27.12, $26.73, $26.52,
$26.12, $25.53, $25.02, $24.70, $23.41, $23.24 and $23.02 marks respec vely. Key resistances are seen at $27.70, $28.12, $28.84, $28.97, $29.13 and $29.55 marks
respec vely.

3.
AUD / USD
REPORTFROM:TPGLOBALFXSEPTEMBER,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 0.73320 S1 0.72742
Buy Above 0.73403
0.73599
0.72840
0.72840
0.72683
0.73403
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.73499 S2 0.72563
R3 0.73788 S3 0.72274
R4 0.74256 S4 0.71806
Conclusion
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0.73031

4.
EUR / USD
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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 1.18848 S1 1.18384
Buy Above 1.18782
1.18936
1.18233
1.18233
1.18050
1.18782
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18992 S2 1.18240
R3 1.19224 S3 1.18008
R4 1.19600 S4 1.17632
Conclusion
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1.18616
SEPTEMBER,2020

5.
GBP / USD
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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 1.29222 S1 1.28372
Buy Above 1.29431
1.30215
1.28189
1.28189
1.27558
1.29431
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.29485 S2 1.28109
R3 1.29910 S3 1.27684
R4 1.30598 S4 1.26996
Conclusion
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1.28797
SEPTEMBER,2020

6.
USD /CAD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.31777 S1 1.31379
Buy Above 1.32130
1.32330
1.31224
1.31224
1.30983
1.32130
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31899 S2 1.31257
R3 1.32098 S3 1.31058
R4 1.32419 S4 1.30737
Conclusion
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1.31578
Trend Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
SEPTEMBER,2020

7.
USD /JPY
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 105.712 S1 105.398
Buy Above 105.683
105.842
105.123
105.123
104.946
105.683
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.808 S2 105.302
R3 105.965 S3 105.145
R4 106.218 S4 104.892
Conclusion
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105.555
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
SEPTEMBER,2020

8.
XAU / [GOLD]USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1967.19 S1 1949.03
Buy Above 1965.20
1971.07
1948.56
1948.56
1942.51
1965.20
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1972.81 S2 1943.41
R3 1981.89 S3 1934.33
R4 S4 1919.63
Conclusion
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1958.11
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
1996.59
SEPTEMBER,2020

9.
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you!
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