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24 September, 2020
Daily Analysis Report

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Asian Bulle n: Kiwi remains almost unchanged despite lower than preceding trade balance data; Asian stock markets dras cally down; gold hits fresh 2 – month low at
$1,850 mark
Asian Headlines:
• New Zealand’s trade balance stands at -353M vs 447M previous release (expected -350M).
Economic Data Ahead:
• (0330 ET/0730 GMT) Swiss SNB policy rate, previous -0.75, expected -0.75.
• (0400 ET/0800 GMT) German IFO business climate, previous 92.6, expected 93.9.
• (0600 ET/1000 GMT) U.K. CBI realized sales, previous -6, expected -10.
• (0830 ET/1230 GMT) U.S. unemployment claims weekly, previous 860K, expected 845K.
• (1000 ET/1400 GMT) U.S new home sales, previous 901K, expected 890K.
Economic Events Ahead:
• (0400 ET/0800 GMT) ECB economic bulle n.
• (1000 ET/1400 GMT) BOE Gov Bailey’s speech.
• (1000 ET/1400 GMT) Fed Chair Powell’s tes mony.
• (1000 ET/1400 GMT) U.S. Treasury Sec Mnuchin’s speech.
• (1400 ET/1800 GMT) U.S. FOMC member William’s speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.02% to 94.41 points.
USD/JPY: The Japanese yen falls gradually against U.S. dollar and touches 105.47 mark in Asian hours. A sustained close above 105.35 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 105.35
will drag the parity down towards 104.92, 104.55, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie con nuous to fall against U.S. dollar and hits fresh 2 – month low at $0.7047 mark. The pair made intraday high at $0.7081 and low at $0.7047
marks. On the top side key resistances are seen at $0.7090, $0.7122, $0.7176, $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 $0.7071 will take the parity down towards key supports around $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark
respec vely.
NZD/USD: The kiwi remains almost unchanged a er trade balance data. Pair made intraday high at $0.6557 and low at $0.6531 mark. Key resistances are seen at
$0.6630, $0.6667, $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6545 will drag the parity down towards
key supports around $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee breaks key resistance at 73.77 mark against U.S. dollar. The pair made intraday high at 73.85 and low at 73.69 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 74.10, 74.37, 74.70, 75.02,
75.20 and 75.39 marks respec vely.
EUR/USD: The euro falls sharply and slips below $1.17 mark against U.S. dollar. The pair made intraday high at $1.1679 and low at $1.1652 mark. A sustained close above
$1.1659 tests key resistances at $1.1722, $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 $1.1659 will target key supports around $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound depreciates and hovers around $1.27 mark. A sustained close above $1.2723 will drag the parity up towards $1.2777, $1.2867, $1.2910, $1.2966,
$1.3002, $1.3070 and $1.3102 mark respec vely. Key support levels are seen at $1.2675, $1.2632, $1.2602 and $1.2570 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold edges down on Thursday and hits fresh 2 – month low at $1,850 mark. Today pair made intraday high at $1,868 and low at $1,850 mark. A
sustained close above $1,975 requires for the upside rally. On the other side, consistent close below $1,863 will check key supports as well. Key support levels are seen
around $1,862, $1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,872, $1,881, $1,894, $1,912, $1,922, $1,932, $1,940, $1,947,
$1,957 and $1,972 marks respec vely.
XAG/USD (Silver): Silver spikes down and touches $21.68 mark in Asian hours. Pair hits lowest level since July 22, 2020. A sustained close above $29.13 requires for
upside rally. Key support levels are seen at $21.68, $21.22, $20.50 and $20.02 marks respec vely. Key resistances are seen at $22.93, $23.25, $23.90, $24.40, $24.76 and
$25.53 marks respec vely.

AUD / USD
REPORTFROM:TPGLOBALFXSEPTEMBER,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 0.71470 S1 0.70638
Buy Above 0.71238
0.71514
0.70137
0.70137
0.69806
0.71238
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.71727 S2 0.70381
R3 0.72143 S3 0.69965
R4 0.72816 S4 0.69292
Conclusion
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0.71054

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 1.17021 S1 1.16505
Buy Above 1.16987
1.17288
1.16275
1.16275
1.15987
1.16987
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.17181 S2 1.16345
R3 1.17439 S3 1.16087
R4 1.17857 S4 1.15669
Conclusion
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1.16763
SEPTEMBER,2020

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 1.27642 S1 1.26864
Buy Above 1.27801
1.28162
1.26707
1.26707
1.26388
1.27801
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.27882 S2 1.26624
R3 1.28271 S3 1.26235
R4 1.28900 S4 1.25606
Conclusion
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1.27253
SEPTEMBER,2020

USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.33889 S1 1.33193
Buy Above 1.34330
1.34559
1.33295
1.33295
1.33022
1.34330
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.34103 S2 1.32979
R3 1.34451 S3 1.32631
R4 1.35013 S4 1.32069
Conclusion
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1.33541
Trend Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
SEPTEMBER,2020

USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 105.476 S1 104.976
Buy Above 105.590
105.797
104.883
104.883
104.616
105.590
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.631 S2 104.821
R3 105.881 S3 104.571
R4 106.268 S4 104.166
Conclusion
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105.226
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
SEPTEMBER,2020

XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1893.65 S1 1855.81
Buy Above 1881.78
1898.25
1841.99
1841.99
1830.41
1881.78
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1905.35 S2 1844.11
R3 1924.27 S3 1825.19
R4 S4 1794.57
Conclusion
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1874.73
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1954.89
SEPTEMBER,2020

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