Daily Analysis Report February 22, 2021

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22 February, 2021
Daily Analysis Report

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Asian Bulle n: Japanese yen falls on the back of lower than expected SPPI data, most Asian stock markets in red, gold hovers around $1,790 mark
Key Headlines:
• Japan SPPI y/y stands at -0.5 pct vs -0.3 pct previous release (expected -0.4).
• Japan’s Inocula on Chief - Japan will only receive limited doses of COVID-19 vaccines for the first months of the rollout and shots for the elderly will be
distributed gradually.
• Senior Chinese diplomat Wang Yi - The U.S. and China could work together on issues like climate change and the corona virus pandemic if they repaired their
damaged bilateral rela onship.
• Australia on Monday began its mass COVID-19 vaccine program with frontline healthcare staff and senior ci zens ge ng the first doses.
• Late on Sunday, Bitcoin hits fresh historical high at US$ 58,354.
• Tehran - United States must first li sanc ons on Iran if it wants to talk about salvaging the 2015 nuclear deal.
• U.S. President Joe Biden on Tuesday will hold his first bilateral mee ng with Canadian Prime Minister Jus n Trudeau – Reuters.
Economic Data Ahead:
• (0900 GMT/1430 IST) German IFO business climate, previous 90.1, expected 90.5.
• (1500 GMT/2030 IST) U.S. CB leading index, previous 0.3, expected 0.4.
Economic Events Ahead:
• Tenta ve – German Buba Monthly Report.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.03% to 90.34 points.

3. AUD / USD
BUY SELL
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FEBRUARY,
2
021
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
0.7913
R2 S2
0.7940
R3 S3
0.7988
R4
Commentary
S4
0.8038
Buy Above 0.79097
0.79369
0.78774
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.78528
0.78237
0.78838
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie spikes up sharply on Monday and hits highest level at $0.7908 mark since
March 2018. On a Day as well as H1chart, RSI and triple EMA confirm the obvious bullish trend. A
sustained close above $0.7913 on a Day chart requires for the upside rally. Alternatively, a
consistent close below $0.7799 will test key supports too.
0.7799
0.7735
0.7690
0.7638

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2147
R2 S2
1.2170
R3 S3
1.2205
R4
Commentary
S4
1.2264
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-
Time Frame: H1
EUR/USD: The euro trades marginally higher ahead of German’s IFO Business Climate data. The
pair made intraday high at $1.2135 and low at $1.2112 mark. Triple EMA suggests bullish trend on
H1 chart. The key boundaries for the parity will be $1.2097 to $1.2147 mark. A sustained close of
either side on H1 chart will provide further direction to the parity.
EUR / USD
1.2080
1.2020
1.1961
1.1900
FEBRUARY,
2
021
Buy Above 1.21438
1.21631
1.21216
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.21034
1.20846
1.21259
– 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
1.4066
R2 S2
1.4105
R3 S3
1.4138
R4
Commentary
S4
1.4187
Buy Above 1.40481
1.40924
1.40026
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.39841
1.39543
1.40206
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The pound continues to trade higher and touches $1.4052 mark in early Asia. The
country has started to drive down cases of the more infectious South African variant of
coronavirus and will only emerge from lockdown in stages. In addition, U.K. Prime Minister Boris
Johnson set out his plan to ease restrictions in England too. The faster than expected vaccine
rollout is reducing transmission and a key factor to make sterling stronger currency. The Day and
H1 chart confirm the bullish trend in short run. The expected range for the parity will be $1.4105 to
$1.3951 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 Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2642
R2 S2
1.2674
R3 S3
1.2730
R4
Commentary
S4
1.2784
Buy Above 1.26328
1.26671
1.25973
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.25859
1.25575
1.26173
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar appreciates noticeably on Monday and touches 1.2580 mark. It is
the strongest level since April 2018. The pair made intraday high at 1.2618 and low at 1.2580
mark. Triple EMA on H1 and a Day chart confirm the bearish trend. A sustained close above
1.2642 on a H1 requires for the upside rally. Alternatively, current downside movement will check
further supports.
USD /CAD
1.2544
1.2527
1.2495
1.2411
FEBRUARY,
2
021

7. 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
105.92
R2 S2
106.38
R3 S3
106.78
R4
Commentary
S4
107.23
Buy Above 105.763
105.958
105.546
– Take Profit
– Stop Loss
Trade Idea
Sell Below 105.487
105.280
105.756
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen starts a new week on a lower note as Japan’s SPPI data misses the
expectations and pair touches 105.73 mark in Asian hours. On H1 Chart, triple EMA suggesting
some downside pressure but on a Day Chart a visible bullish pattern has observed. A sustained
close above 105.76 on H1 chart is required for the upside rally. Alternatively, reversal from here
will take the parity down back below 105.40 mark.
USD /JPY
105.37
105.22
104.80
104.55
FEBRUARY,
2
021

8. 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
1792
R2 S2
1798
R3 S3
1804
R4
Commentary
S4
1815
Buy Above 1788.84
1797.19
1780.02
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1778.74
1772.21
1786.57
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold starts a new week on slightly positive note and remains well supported
below $1,800 mark. The triple EMA on a Day chart still showing some downside pressure but in
short run, the parity may give some upside correction. The key boundaries for the parity will be
$1,792 to $1,775 mark. A sustained close of either side on a H1 chart will provide further direction
to the parity. This week is full of Fundamental news and events from the U.S., the outcome of
actual data will only provide future path of the parity.
XAU [GOLD]
USD
/
1775
1760
1752
1747
FEBRUARY,
2
021

9. Thank
you!
Info@tpglobalfx.com
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