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Daily Forex Technical Analysis Report - January 13, 2021

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Let's review all the major instrument analysis including: #audusd #eurusd #gbpusd #usdcad #usdjpy #gold #xauusd

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Daily Forex Technical Analysis Report - January 13, 2021

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 13 January, 2021 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar weakens gradually against major peers ahead of CPI, Core CPI data; Asian stock markets in green; gold faces key hurdle at $1,863 mark Key Headlines: • BOJ likely to cut economic forecast for the current fiscal year to 3.6 pct from 5.5 pct previously forecasted – Nikkei. • Japan M2 money stock stands at 9.2 pct vs 9.1 pct previous release (expected 9.2). • New Zealand ANZ commodity prices stand at 1.8 pct vs 0.9 pct previous release. • South Korea unemployment rate stands at 4.6 pct vs 4.1 pct previous release. • The house passed bill 223 – 205 votes calling on U.S. Vice President Pence to remove Trump. • U.S. Vice President Mike Pence – He will not invoke 25th Amendment against Trump. • Democrats are set to bring impeachment procedure likely on Wednesday. • PBoC fixes USD/CNY reference rate at 6.4605 (previous fix 6.4823; previous close 6.4633) • House of GOP Chair Liz Cheney along with republican representa ves John Katko and Kinzinger will vote to impeach Trump. • If the House impeaches Trump successfully, the Senate will decide whether to convict him or not. • The Convic on in the Senate would prevent Trump from becoming president again. Economic Data Ahead: • (0700 GMT/1230 IST) German WPI, previous 0.1, expected 0.1. • (0900 GMT/1430 IST) Italy Industrial produc on, previous 1.3, expected -0.4. • (1000 GMT/1530 IST) Euro Industrial produc on, previous 2.1, expected 0.2. • (1330 GMT/1900 IST) U.S. CPI, previous 0.2, expected 0.4. • (1330 GMT/1900 IST) U.S. Core CPI, previous 0.2, expected 0.1. Economic Events Ahead: • (0900 GMT/1430 IST) ECB President Lagarde speaks. • (1800 GMT/2330 IST) U.S. FOMC member Brainard speaks. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.14% to 89.97 points.
  3. 3. AUD / USD 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 S10.7799 R2 S20.7820 R3 S30.7854 R4 Commentary S40.7878 Buy Above 0.77842 0.78012 0.77586 – Take Profit – Stop Loss Trade Idea Sell Below 0.77407 0.77179 0.77621 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie trades flat on Wednesday and stabilizes back above $0.7750 mark. On a 60 – minute timeframe, a consistent close above $0.7799 requires for the upside rally. Alternatively, reversal from this will take the parity back below $0.7660 mark. 0.7660 0.7590 0.7520 0.7436
  4. 4. BUY SELL REPORTFROM:TPGLOBALFXJANUARY,2021 Technical Summary Trends Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) FIBO Levels PIVOT R1 S11.2213 R2 S21.2240 R3 S31.2292 R4 Commentary S41.2323 Buy Above 1.22147 1.22480 1.21984 – Take Profit – Stop Loss Trade Idea Sell Below 1.21933 1.21701 1.22172 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro trades marginally higher on Wednesday ahead of ECB President Lagarde’s speech. The pair fails to find support below $1.2132 mark and spikes back above $1.2200 mark. On a daily time frame, both RSI and MA support the bullish trend for the time being but sustained close of daily candle above $1.2213 requires to check the key resistances. EUR / USD 1.2132 1.2101 1.2078 1.2022 Above RSI LEVEL 50
  5. 5. 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 S11.3695 R2 S21.3720 R3 S31.3776 R4 Commentary S41.3809 Buy Above 1.37064 1.37427 1.36671 – Take Profit – Stop Loss Trade Idea Sell Below 1.36663 1.36422 1.36944 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The pound strengthens noticeably on Wednesday and touches $1.3692 mark in Asian hours. The key boundaries for the day will be $1.3695 and $1.3640 mark. A sustained break of either side will provide further direction to the parity. From the fundamental point, U.K. calendar is empty. GBP / USD 1.3640 1.3600 1.3570 1.3522
  6. 6. BUY SELL REPORTFROM:TPGLOBALFXJANUARY,2021 Technical Summary Trends Down Trend Moving Average (Period=75A) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S11.2783 R2 S21.2812 R3 S31.2853 R4 Commentary S41.2906 Buy Above 1.27416 1.27622 1.27175 – Take Profit – Stop Loss Trade Idea Sell Below 1.26925 1.26731 1.27204 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The Canadian dollar moves in rigid boundaries and consolidates around $1.2717 mark. The pair made intraday high at 1.2718 and low at 1.2703 mark. The technical tools like RSI, MA confirm the downside trend for the time being. USD /CAD 1.2672 1.2628 1.2570 1.2540
  7. 7. 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 S1104.22 R2 S2104.90 R3 S3105.40 R4 Commentary S4105.94 Buy Above 103.847 104.080 103.620 – Take Profit – Stop Loss Trade Idea Sell Below 103.430 103.199 103.655 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen reverses previous loss against U.S. dollar and stabilizes back below 104.00 mark. The pair comes back in between bearish channel pattern. A sustained close above 104.22 requires for the bullish trend. The RSI and WMA also support the downside price trend for the time being. USD /JPY 103.76 102.90 102.45 102.10
  8. 8. 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 S11862 R2 S21868 R3 S31876 R4 Commentary S41885 Buy Above 1863.64 1868.52 1858.62 – Take Profit – Stop Loss Trade Idea Sell Below 1843.97 1838.01 1851.56 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold strengthens on Wednesday ahead of U.S. CPI, core CPI data . On a daily timeframe; RSI, MA confirms the uptrend. The key ranges for the gold will be $1,862 - $1,827 mark. A sustained close of either side will give further direction to the parity. XAU [GOLD]USD/ 1840 1832 1827 1816
  9. 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

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