DAILY ANALYSIS REPORT SEPTEMBER 08 2021

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08 September 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar appreciates sharply against major peers on rising U.S. Treasury Yield, Asian stock markets in red, gold back below $1,800 mark
Key Headlines:
• Japan bank lending stands at 0.6 pct vs 0.9 pct previous release.
• Japan Current Account stands at 1.41T vs 1.78T previous release.
• Japan Final GDP q/q stands at 0.5 pct vs 0.3 pct previous release.
• Oil prices fell on Tuesday, pressured by a strong U.S. dollar and concerns about weak demand in the United States and Asia, although ongoing produc on
outages on the U.S. Gulf Coast capped losses – Reuters.
• The S&P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery
with expecta ons that the Federal Reserve will maintain its accommoda ve monetary policy – Reuters.
• Local officials who want to extend enhanced unemployment benefits can do so, the White House said on Tuesday, a day a er the administra on and U.S.
Congress allowed a program to lapse which had boosted payments during the COVID-19 pandemic – Reuters.
• “Risk aversion in the air alongside the move up in UST yields have helped the USD extend its post-payrolls recovery" - Rodrigo Catril, a senior foreign-exchange
strategist at Na onal Australia Bank wrote in a client note.
• President Joe Biden on Thursday will present a six-pronged strategy intended to fight the spread of the highly contagious coronavirus Delta variant and
increase U.S. COVID-19 vaccina ons, the White House said on Tuesday – Reuters.
• On Wednesday, Biden is scheduled to meet with White House COVID-19 advisers – Reuters.
• U.S. Food and Drug Administra on advisers are scheduled to meet on Sept. 17 to consider a possible third shot of Pfizer Inc and BioNTech SE's two-dose
vaccine, the only COVID-19 vaccine yet to receive full approval from the agency – Reuters.
• U.S. officials have said they expect vaccines to be approved for children younger than 12 this winter – Reuters.
• BTC spiked down dras cally and touched $42,900 mark during U.S. Session.
• The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 221 million on Tuesday, with the U.S. now accoun ng for more
than 40 million, as the highly infec ous delta variant con nues to spread through the unvaccinated popula on – Marketwatch.
• Cuba becomes first country in the world to vaccinate 2-year-olds – Sources.
Economic Data Ahead:
• (0530 GMT/1100 IST) France Final Private Payrolls q/q, previous 1.2, expected 1.2.
• (0645 GMT/1215 IST) France Trade Balance, previous -5.8B, expected -6.2B.
• (0800 GMT/1330 IST) Italy Retail Sales, previous 0.7, expected 0.3.
• (1400 GMT/1930 IST) Canada Interest Rate Decision, previous 0.25, expected 0.25.
• (1400 GMT/1930 IST) Canada Ivey PMI, previous 56.4, expected 59.2.
• (1400 GMT/1930 IST) U.S. JOLTS Job Openings, previous 10.07M, expected 10.03M.
Economic Events Ahead:
• (0810 GMT/1340 IST) RBA Deputy Gov Debelle Speaks.
• (1500 GMT/2030 IST) U.K. Monetary Policy Report Hearings.
• (1710 GMT/2240 IST) U.S. FOMC member Williams Speaks.
• (1800 GMT/2330 IST) U.S. Beige book.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.02% to 92.50 points.

3. AUD / USD
BUY SELL
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SEPTEMBER,
2021
Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7421
R2 S2
0.7455
R3 S3
0.7476
R4
Commentary
S4
0.7502
Buy Above 0.7405
0.7427
0.7380
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7372
0.7350
0.7401
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie remained highly volatile after RBA’s Interest Rate Decision and currently
hovers around $0.7400 mark. It made intraday high at $0.7404 and low at $0.7383 mark. A day chart
and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above
$0.7421 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7383 will
check further supports.
0.7383
0.7365
0.7337
0.7310

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1862
R2 S2
1.1885
R3 S3
1.1927
R4
Commentary
S4
1.1950
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-
Time Frame: H1
EUR/USD: The Euro depreciated sharply in previous session and stabilizes below $1.1850 mark.
Today pair made intraday high at $1.1851 and low at $1.1836. Today triple EMAon a day chart and H1
chart suggest bearish trend for the time being.Aconsistent close above $1.1862 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.1838 on H1 chart will check further
supports.
EUR / USD
1.1837
1.1820
1.1790
1.1762
Buy Above 1.1862
1.1880
1.1838
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1832
1.1806
1.1855
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
SEPTEMBER,
2021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3799
R2 S2
1.3812
R3 S3
1.3840
R4
Commentary
S4
1.3855
Buy Above 1.3799
1.3827
1.3770
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3765
1.3733
1.3792
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling trades marginally higher on Tuesday ahead of HPI results and consolidates
around $1.3850 mark. Today pair made intraday high at $1.3856 and low at $1.3824 mark.Aday chart
is down and H1 chart with triple EMA suggests bullish trend for the time being. A sustained close
above $1.3862 on H1 chart will check key resistances.Alternatively, a consistent close below $1.3827
will check further supports.
USD
1.3774
1.3740
1.3715
1.3690
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
SEPTEMBER,
2021

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
1.2653
R2 S2
1.2678
R3 S3
1.2699
R4
Commentary
S4
1.2715
Buy Above 1.2655
1.2690
1.2622
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2615
1.2590
1.2641
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The Canadian dollar spiked up sharply in previous session and jumps back above 1.2600
mark. The pair made intraday high at 1.2651 and low at 1.2626 marks. Today a day chart and H1 chart
with triple EMAsuggests bullish trend for the time being. Asustained close above 1.2653 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2628 on H1 chart will check key
supports too.
USD /CAD
1.2628
1.2590
1.2570
1.2540
SEPTEMBER,
2021

7. BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
110.40
R2 S2
110.78
R3 S3
110.98
R4
Commentary
S4
111.26
Buy Above 110.40
110.62
110.20
– Take Profit
– Stop Loss
Trade Idea
Sell Below 110.12
109.85
110.35
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen falls in early Asia after mixed economic results and breaks key
resistance at 110.22 mark. The pair made intraday high at 110.33 and low at 110.23 mark. The triple
EMA on a day chart and H1 chart suggests bullish trend for the time being. A sustained close above
110.31 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.62 on H1
chart will check further key supports.
USD /JPY
109.62
109.24
109.00
108.76
SEPTEMBER,
2021

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
1806
R2 S2
1812
R3 S3
1818
R4
Commentary
S4
1822
Buy Above 1802
1808
1795
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1792
1785
1799
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold weakened sharply in previous session on strong U.S. Treasury yield and
touched key support at $1,792 mark.Today pair made intraday high at $1,801 and low at $1,794 mark.
A day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained
close above $1,806 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$1,792 will check further supports.
XAU [GOLD]
USD
/
1792
1785
1780
1776
SEPTEMBER,
2021

9. Thank
you!
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