Daily Analysis Report February 19, 2021

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19 February, 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Sterling rises sharply ahead of U.K.’s retail sales data, most Asian stock markets in red, gold down
Key Headlines:
• New Zealand PPI input q/q stands at 0.0 pct vs 0.6 pct previous release (expected 0.1).
• New Zealand PPI output q/q stands at 0.4 pct vs -0.3 pct previous release (expected -0.2).
• Australia flash manufacturing PMI stands at 56.6 vs 57.2 previous release.
• Australia flash services PMI stands at 54.1 vs 55.6 previous release.
• Japan na onal core CPI stands at -0.6 pct vs -1.0 pct previous release (expected -0.6).
• U.K. GFK consumer confidence stands at -23 vs -28 previous release (expected -26).
• Australia retail sales stands at 0.6 pct vs -4.1 pct previous release (expected 2.1).
• Japan flash manufacturing PMI stands at 50.6 pct vs 49.8 pct previous release (expected 50.0).
• Japan finds 90+ cases of new covid - 19 virus variant.
• U.S. shows readiness to renew nuclear deal with Iran.
• U.S. Treasury Secretary Janet Yellen - The United States will keep tariffs imposed on Chinese goods by the former U.S. President Trump in place for now, but
will evaluate how to proceed a er a thorough review.
• U.S. Democrats on late Thursday formally introduced President Joe Biden’s sweeping immigra on bill in Congress – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. Retail Sales, previous 0.3, expected -3.0.
• (0700 GMT/1230 IST) U.K. public sector net borrowing, previous 33.4B, expected 22.0B.
• (0745 GMT/1315 IST) Euro France CPI, previous 0.2, expected 0.2.
• (0815 GMT/1345 IST) France flash services PMI, previous 47.3, expected 47.0.
• (0815 GMT/1345 IST) France flash manufacturing PMI, previous 51.6, expected 51.7.
• (0830 GMT/1400 IST) German flash services PMI, previous 46.7, expected 46.5.
• (0830 GMT/1400 IST) German flash manufacturing PMI, previous 57.1, expected 56.6.
• (0900 GMT/1430 IST) Euro flash services PMI, previous 45.4, expected 45.9.
• (0900 GMT/1430 IST) Euro flash manufacturing PMI, previous 54.8, expected 54.6.
• (0930 GMT/1500 IST) U.K. flash services PMI, previous 39.5, expected 42.1.
• (0930 GMT/1500 IST) U.K. flash manufacturing PMI, previous 54.1, expected 53.1.
• (1100 GMT/1630 IST) U.K. CBI industrial order expecta ons, previous -38, expected -35.
• (1330 GMT/1900 IST) Canada retail sales, previous 1.3, expected -2.5.
• (1330 GMT/1900 IST) Canada core retail sales, previous 2.1, expected -2.4.
• (1445 GMT/2015 IST) U.S. Flash services PMI, previous 58.3, expected 57.9.
• (1445 GMT/2015 IST) U.S. Flash manufacturing PMI, previous 59.2, expected 58.4.
• (1500 GMT/2030 IST) U.S. exis ng home sales, previous 6.76M, expected 6.59M.
Economic Events Ahead:
• (1300 GMT/1830 IST) FOMC member Barkin speaks.
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 90.61 points.

3. AUD / USD
BUY SELL
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FEBRUARY,
2
021
Technical Summary
Trends Reversing Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7774
R2 S2
0.7820
R3 S3
0.7878
R4
Commentary
S4
0.7940
Buy Above 0.77791
0.78023
0.77570
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77466
0.77274
0.77674
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie remains almost unchanged after flat manufacturing as well as services
PMI data. On a Day chart, RSI and triple EMA confirm the uptrend. While H1 chart too suggests
the bullish trend as pair fails to find support below $0.7760 mark. A sustained close above
$0.7774 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7749
will test key supports too.
0.7735
0.7690
0.7638
0.7594

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2097
R2 S2
1.2120
R3 S3
1.2170
R4
Commentary
S4
1.2205
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-
Time Frame: H1
EUR/USD: The euro exhibits range bound movement and touches $1.2098 mark in early Asia.
The triple EMA confirms the uptrend on H1 chart while a Day Chart still not confirming exact trend
for the day. Today from Euro Zone, manufacturing as well as services PMI data are scheduled to
release. It may provide further directions to the parity. The key hurdles are seen at $1.2097 to
$1.2080 mark. A sustaine close of either side on H1 chart will provide further path of the parity.
EUR / USD
1.2080
1.2020
1.1961
1.1900
FEBRUARY,
2
021
Buy Above 1.21102
1.21295
1.20880
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.20708
1.20502
1.20985
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50

5. BUY SELL
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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
1.4002
R2 S2
1.4026
R3 S3
1.4066
R4
Commentary
S4
1.4098
Buy Above 1.39917
1.40359
1.39462
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.39250
1.38880
1.39706
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The pound is one of the strongest currencies now - a - days. Today pair made intraday
high at $1.3975 and low at $1.3951 mark. The Day and H1 chart confirm the bullish trend in short
run. The expected range for the parity will be $1.4026 to $1.3856 mark. A consistent close of
either side will give future directions to the parity.
USD
1.3951
1.3901
1.3856
1.3767
FEBRUARY,
2
021
GBP/

6. BUY SELL
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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 1.27309
1.27568
1.27020
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26706
1.26486
1.26948
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar trades marginally lower on Friday and jumps back above 1.27
mark. Triple EMA on H1 chart suggests the bullish trend while a Day candle still confirms the
down trend in long run. A sustained close above 1.2730 on a H1 requires for the upside rally.
Alternatively, reversal from here will drag the parity back below 1.2670 mark.
USD /CAD
1.2670
1.2648
1.2630
1.2588
FEBRUARY,
2
021

7. BUY SELL
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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
105.92
R2 S2
106.38
R3 S3
106.78
R4
Commentary
S4
107.23
Buy Above 105.854
106.049
105.636
– Take Profit
– Stop Loss
Trade Idea
Sell Below 105.495
105.267
105.701
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades flat on Friday and broke key support at 105.70 mark. The
Day chart with triple EMA still suggests the uptrend but on H1 chart bearish trend likely in short
run. In addition, stiff movement is clearly visible on H1 chart from last 12 hours. The key hurdles
for the parity will be 105.72 to 105.62 mark. A break of either side on H1 chart will give further
direction to the parity.
USD /JPY
105.62
105.22
104.80
104.55
FEBRUARY,
2
021

8. BUY SELL
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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
1778
R2 S2
1784
R3 S3
1792
R4
Commentary
S4
1802
Buy Above 1771.10
1779.45
1762.28
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1760.91
1752.70
1768.77
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold spikes down sharply in early Asia and touches $1,760 mark on robust
key fundamentals for the U.S. The Day and H1 charts suggest the bearish trend for the time
being. The expected range for the parity will be $1,778 to $1,748 mark. A sustained close of either
side on a Day chart will provide further direction to the parity. The key events for the day will be
Fed Monetary Policy Report and U.S. manufacturing PMI data. The outcome of it will provide
further directions.
XAU [GOLD]
USD
/
1758
1752
1748
1740
FEBRUARY,
2
021

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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