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Daily Analysis Report February 18, 2021

Daily Analysis Report February 18, 2021

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Daily Analysis Report February 18, 2021

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com R E P O R T F R O M : T P G LO B A L F X 18 February, 2021 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie weakens a er Australia’s job results, Asian stock markets mixed, China returns from mini vaca on, gold hovers around $1,780 mark Key Headlines: • Australia employment change stands at 29.1K vs 50.0K previous release (expected 30.2K). • Australia unemployment rate stands at 6.4 pct vs 6.6 pct previous release (expected 6.5). Economic Data Ahead: • (0700 GMT/1230 IST) Swiss trade balance, previous 2.88B, expected 3.32B. • (1330 GMT/1900 IST) Canada ADP Non – farm employment change, previous -28.8K. • (1330 GMT/1900 IST) U.S. Philly Fed Manufacturing Index, previous 26.5, expected 20.3. • (1330 GMT/1900 IST) U.S. building permits, previous 1.70M, expected 1.67M. • (1330 GMT/1900 IST) U.S. housing starts, previous 1.67M, expected 1.66M. • (1330 GMT/1900 IST) U.S. unemployment claims weekly, previous 793K, expected 775K. • (1500 GMT/2030 IST) Euro consumer confidence, previous -16, expected -15. Economic Events Ahead: • (1100 GMT/1630 IST) U.K. MPC member Sunders speaks. • (1230 GMT/1800 IST) ECB Monetary Policy Mee ng Accounts. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.01% to 90.96 points.
  3. 3. AUD / USD BUY SELL R E P O R T F R O M : T P G LO B A L F X FEBRUARY, 2 021 Technical Summary Trends Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S1 0.7767 R2 S2 0.7820 R3 S3 0.7878 R4 Commentary S4 0.7940 Buy Above 0.77740 0.77972 0.77519 – Take Profit – Stop Loss Trade Idea Sell Below 0.77340 0.77145 0.77573 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie depreciates noticeably after Australia’s employment change data released with flat numbers only. Important to note here that Australia’s unemployment rate falls sharply, which is positive indication for the AUD. A Day chart still confirms the uptrend in long run but triple EMA on H1 chart suggesting down trend for the time being. A sustained close above $0.7761 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7735 will test key supports too. 0.7735 0.7690 0.7638 0.7594
  4. 4. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.2048 R2 S2 1.2120 R3 S3 1.2170 R4 Commentary S4 1.2205 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro trades flat on Thursday and stabilizes below $1.2050 mark. On H1 and a Day chart, triple EMA confirms the bearish trend for the time being. The expected range for the parity will be $1.2048 to $1.2020 mark. A consistent close of either side on a H1 chart will provide further directions to the parity. EUR / USD 1.2020 1.1961 1.1900 1.1852 FEBRUARY, 2 021 Buy Above 1.20701 1.20898 1.20480 – Take Profit – Stop Loss Trade Idea Sell Below 1.20248 1.20042 1.20525 – Take Profit – Stop Loss Trade Idea Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50
  5. 5. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary Trends Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1.3870 R2 S2 1.3902 R3 S3 1.3951 R4 Commentary S4 1.4002 Buy Above 1.38869 1.39283 1.38403 – Take Profit – Stop Loss Trade Idea Sell Below 1.38159 1.37789 1.38615 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The pound erases previous gain against U.S. dollar and currently hovers around $1.3850 mark. The pair made intraday high at $1.3877 and low at $1.3846 mark. On H1 chart, triple EMA confirms the bearish trend but on a Day chart, trend is likely to be up only. A sustained close above $1.3870 on H1 chart requires for the upside rally. Alternatively, current downside trend will drag the parity back below $1.3800 mark. USD 1.3845 1.3800 1.3767 1.3738 FEBRUARY, 2 021 GBP/
  6. 6. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary Trends Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1.2730 R2 S2 1.2784 R3 S3 1.2816 R4 Commentary S4 1.2839 Buy Above 1.27334 1.27593 1.27045 – Take Profit – Stop Loss Trade Idea Sell Below 1.26837 1.26578 1.27108 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The Canadian dollar exhibits range bound movement and consolidates around 1.2700 mark. A day chart confirms the bearish trend in long run but H1 chart suggest uptrend for the time being. A sustained close below 1.2690 on a H1 requires for the downside rally. Alternatively, reversal from here will drag the parity back above 1.2730 mark. USD /CAD 1.2690 1.2677 1.2630 1.2588 FEBRUARY, 2 021
  7. 7. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary Trends Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 106.03 R2 S2 106.38 R3 S3 106.78 R4 Commentary S4 107.23 Buy Above 106.019 106.247 105.789 – Take Profit – Stop Loss Trade Idea Sell Below 105.631 105.372 105.837 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen remains slightly volatile against U.S. dollar and stabilizes below 106.00 mark. Triple EMA has confirmed bullish trend on a Day as well as H1 chart. A sustained close above 106.03 on H1 chart requires for the upside rally. The key boundaries for the parity will be 106.38 to 105.70 mark. A sustained break and close of either side on a Day chart will provide further direction to the parity. USD /JPY 105.70 105.22 104.80 104.55 FEBRUARY, 2 021
  8. 8. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary Trends Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1802 R2 S2 1808 R3 S3 1817 R4 Commentary S4 1828 Buy Above 1790.93 1799.14 1782.84 – Take Profit – Stop Loss Trade Idea Sell Below 1777.31 1769.10 1785.17 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold weakens drastically in previous session and touched $1,769 mark. Today, pair recovers slightly and manages to find support around $1,780 mark. The pair made intraday high at $1,785 and low at $1,775 mark. The Day and H1 charts suggest the bearish trend for the time being. The expected range for the parity will be $1,794 to $1,772 mark. A sustained close of either side on H1 chart will provide further direction to the parity. XAU [GOLD] USD / 1772 1764 1758 1748 FEBRUARY, 2 021
  9. 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com R E P O R T F R O M : T P G L O B A L F X /tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia. Disclamer: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note

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