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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
11 January, 2021
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar soars across the board on hope of new s mulus package by Biden, Most Asian stock markets in green, gold hits fresh 6 – week low at $1,817
mark
Asian Headlines:
• Australia MI Infla on gauge m/m stands at 0.5 pct vs 0.3 pct previous release.
• Australia retail sales stands at 7.1 pct vs 7.0 pct previous release (expected 7.0).
• China CPI stands at 0.2 pct vs -0.5 pct previous release.
• China PPI stands at -0.4 pct vs -1.5 pct previous release.
• PBoC fixes USD/CNY reference rate at 6.4764 (previous fix 6.4708; previous close 6.4760).
• U.S. dollar strengthens extremely against major peers on hoping of new U.S. fiscal s mulus plans.
• Joe Biden is scheduled to announce plans for new relief bills this week.
• Oil prices dropped on new restric on in China, Europe to control excessive Corona infec ons.
• China come up with its biggest daily increase in COVID cases in more than five months, the world’s second largest oil user.
Economic Data Ahead:
• (0930 GMT/1500 IST) Euro Sen x Investor Confidence, previous -2.7, expected 2.0.
Economic Events Ahead:
• (1400 GMT/1930 IST) U.K. MPC member Tenreyro Speaks.
• (1430 GMT/2000 IST) Bank of Canada Business Outlook Survey.
• (1700 GMT/2230 IST) FOMC Member Bos c Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.38% to 90.44 points.
AUD / USD
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S10.7766
R2 S20.7800
R3 S30.7854
R4
Commentary
S40.7878
Buy Above 0.77599
0.78118
0.77176
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.76948
0.76495
0.77376
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie erases previous gain and slips back below $0.77 mark. On a 60 – minute
timeframe, RSI supports the downside trend and shooting star pattern took place. Despite robust
retail sales data, Aussie falls sharply in Asian hours.
0.7676
0.7590
0.7520
0.7436
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26)
FIBO Levels PIVOT
R1 S11.2240
R2 S21.2323
R3 S31.2368
R4
Commentary
S41.2390
Buy Above 1.21985
1.22244
1.21745
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.21541
1.21324
1.21780
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro spikes down on Monday and stabilizes below $1.22 mark. On a daily time
frame, both RSI and MA support the bearish trend for the time being. In addition, today’s
fundamental indicators from the Euro area will provide further direction to the parity.
EUR / USD
1.2170
1.2101
1.2078
1.2022
Below RSI LEVEL 50
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.3520
R2 S21.3581
R3 S31.3622
R4
Commentary
S41.3676
Buy Above 1.35721
1.36160
1.35295
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.34712
1.34274
1.35261
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling weakens on Monday and hovers around $1.35 mark. The key boundaries
for the day will be $1.3581 and $1.3445 mark. A sustained break of either side will provide further
direction to the parity. From the fundamental point, there is not much to look at for sterling.
GBP / USD
1.3487
1.3440
1.3404
1.3350
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75A) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.2771
R2 S21.2812
R3 S31.2853
R4
Commentary
S41.2906
Buy Above 1.27804
1.28251
1.27320
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26702
1.26312
1.27006
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar depreciates ahead of BOC’s business outlook survey data. The
pair made intraday high at 1.2763 and low at 1.2693 mark. The technical tools like RSI, MA
confirm the upside trend for the time being.
USD /CAD
1.2654
1.2600
1.2572
1.2540
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1104.22
R2 S2104.90
R3 S3105.40
R4
Commentary
S4105.94
Buy Above 104.375
104.668
104.035
– Take Profit
– Stop Loss
Trade Idea
Sell Below 103.638
103.286
104.044
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen depreciates and hovers around key resistance at 104.22 mark. The
RSI and MA support the upside price trend for the time being. On a daily time frame, one can
easily observed trend reversal as pair fails to find support below 103.00 mark.
USD /JPY
103.76
102.90
102.45
102.10
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S11853
R2 S21872
R3 S31885
R4
Commentary
S41902
Buy Above 1850.07
1861.98
1836.62
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1820.57
1806.78
1836.10
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold depreciated sharply after mixed NFP job data released on last Friday.
On a daily timeframe; RSI, MA confirms the downtrend. The key ranges for the gold will be $1,853
- $1,807 mark. A sustained close of either side will give further direction to the parity.
XAU [GOLD]USD/
1807
1800
1790
1782
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
/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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Daily Forex Technical Analysis Report - January 11, 2021

  • 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 11 January, 2021 Daily Analysis Report
  • 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar soars across the board on hope of new s mulus package by Biden, Most Asian stock markets in green, gold hits fresh 6 – week low at $1,817 mark Asian Headlines: • Australia MI Infla on gauge m/m stands at 0.5 pct vs 0.3 pct previous release. • Australia retail sales stands at 7.1 pct vs 7.0 pct previous release (expected 7.0). • China CPI stands at 0.2 pct vs -0.5 pct previous release. • China PPI stands at -0.4 pct vs -1.5 pct previous release. • PBoC fixes USD/CNY reference rate at 6.4764 (previous fix 6.4708; previous close 6.4760). • U.S. dollar strengthens extremely against major peers on hoping of new U.S. fiscal s mulus plans. • Joe Biden is scheduled to announce plans for new relief bills this week. • Oil prices dropped on new restric on in China, Europe to control excessive Corona infec ons. • China come up with its biggest daily increase in COVID cases in more than five months, the world’s second largest oil user. Economic Data Ahead: • (0930 GMT/1500 IST) Euro Sen x Investor Confidence, previous -2.7, expected 2.0. Economic Events Ahead: • (1400 GMT/1930 IST) U.K. MPC member Tenreyro Speaks. • (1430 GMT/2000 IST) Bank of Canada Business Outlook Survey. • (1700 GMT/2230 IST) FOMC Member Bos c Speaks. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.38% to 90.44 points.
  • 3. AUD / USD BUY SELL REPORTFROM:TPGLOBALFXJANUARY,2021 Technical Summary Trends Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S10.7766 R2 S20.7800 R3 S30.7854 R4 Commentary S40.7878 Buy Above 0.77599 0.78118 0.77176 – Take Profit – Stop Loss Trade Idea Sell Below 0.76948 0.76495 0.77376 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie erases previous gain and slips back below $0.77 mark. On a 60 – minute timeframe, RSI supports the downside trend and shooting star pattern took place. Despite robust retail sales data, Aussie falls sharply in Asian hours. 0.7676 0.7590 0.7520 0.7436
  • 4. BUY SELL REPORTFROM:TPGLOBALFXJANUARY,2021 Technical Summary Trends Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) FIBO Levels PIVOT R1 S11.2240 R2 S21.2323 R3 S31.2368 R4 Commentary S41.2390 Buy Above 1.21985 1.22244 1.21745 – Take Profit – Stop Loss Trade Idea Sell Below 1.21541 1.21324 1.21780 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro spikes down on Monday and stabilizes below $1.22 mark. On a daily time frame, both RSI and MA support the bearish trend for the time being. In addition, today’s fundamental indicators from the Euro area will provide further direction to the parity. EUR / USD 1.2170 1.2101 1.2078 1.2022 Below RSI LEVEL 50
  • 5. BUY SELL REPORTFROM:TPGLOBALFXJANUARY,2021 Technical Summary Trends Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S11.3520 R2 S21.3581 R3 S31.3622 R4 Commentary S41.3676 Buy Above 1.35721 1.36160 1.35295 – Take Profit – Stop Loss Trade Idea Sell Below 1.34712 1.34274 1.35261 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The sterling weakens on Monday and hovers around $1.35 mark. The key boundaries for the day will be $1.3581 and $1.3445 mark. A sustained break of either side will provide further direction to the parity. From the fundamental point, there is not much to look at for sterling. GBP / USD 1.3487 1.3440 1.3404 1.3350
  • 6. BUY SELL REPORTFROM:TPGLOBALFXJANUARY,2021 Technical Summary Trends Up Trend Moving Average (Period=75A) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S11.2771 R2 S21.2812 R3 S31.2853 R4 Commentary S41.2906 Buy Above 1.27804 1.28251 1.27320 – Take Profit – Stop Loss Trade Idea Sell Below 1.26702 1.26312 1.27006 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The Canadian dollar depreciates ahead of BOC’s business outlook survey data. The pair made intraday high at 1.2763 and low at 1.2693 mark. The technical tools like RSI, MA confirm the upside trend for the time being. USD /CAD 1.2654 1.2600 1.2572 1.2540
  • 7. BUY SELL REPORTFROM:TPGLOBALFXJANUARY,2021 Technical Summary Trends Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1104.22 R2 S2104.90 R3 S3105.40 R4 Commentary S4105.94 Buy Above 104.375 104.668 104.035 – Take Profit – Stop Loss Trade Idea Sell Below 103.638 103.286 104.044 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen depreciates and hovers around key resistance at 104.22 mark. The RSI and MA support the upside price trend for the time being. On a daily time frame, one can easily observed trend reversal as pair fails to find support below 103.00 mark. USD /JPY 103.76 102.90 102.45 102.10
  • 8. BUY SELL REPORTFROM:TPGLOBALFXJANUARY,2021 Technical Summary Trends Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S11853 R2 S21872 R3 S31885 R4 Commentary S41902 Buy Above 1850.07 1861.98 1836.62 – Take Profit – Stop Loss Trade Idea Sell Below 1820.57 1806.78 1836.10 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold depreciated sharply after mixed NFP job data released on last Friday. On a daily timeframe; RSI, MA confirms the downtrend. The key ranges for the gold will be $1,853 - $1,807 mark. A sustained close of either side will give further direction to the parity. XAU [GOLD]USD/ 1807 1800 1790 1782
  • 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com REPORTFROM:TPGLOBALFX /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