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Daily Forex Technical Analysis Report - January 26, 2021

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 26, 2021

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com R E P O R T F R O M : T P G LO B A L F X 26 January, 2021 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen remains slightly vola le a er BOJ’s monetary policy mee ng minutes, Asian stock markets in red, gold stabilizes above $1,850 mark Key Headlines: • South Korea GDP q/q stands at 1.1 pct vs 2.1 pct previous release (expected 0.7). • Japan CSPI stands at -0.4 pct vs -0.5 pct previous release. Economic Data Ahead: • (0700 GMT/1230 IST) U.K. average earnings index, previous 2.7, expected 2.9. • (0700 GMT/1230 IST) U.K. Claimant count change, previous 64.3K, expected 47.5K. • (0700 GMT/1230 IST) U.K. unemployment rate, previous 4.9 pct, expected 5.1 pct. • (1100 GMT/1630 IST) U.K. CBI realized sales, previous -3, expected -32. • (1400 GMT/1930 IST) U.S. HPI, previous 1.5 pct, expected 0.9 pct. • (1500 GMT/2030 IST) U.S. Richmond manufacturing index, previous 19, expected 18. Economic Events Ahead: • No key events scheduled for the day. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.04% to 90.43 points.
  3. 3. AUD / USD BUY SELL R E P O R T F R O M : T P G LO B A L F X JANUARY, 2 0 21 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 0.7762 R2 S2 0.7799 R3 S3 0.7820 R4 Commentary S4 0.7854 Buy Above 0.77207 0.77413 0.76967 – Take Profit – Stop Loss Trade Idea Sell Below 0.76952 0.76732 0.77210 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: Australian Dollar is showing up trend on day candle and on H1 Chart it is below moving average (75) and RSI is also below level 50. Wait for the break out and enter the trade. 0.7660 0.7590 0.7520 0.7500
  4. 4. BUY SELL R E P O R T F R O M : T P G LO B A L F X JANUARY, 2 0 21 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 1.3745 R2 S2 1.3776 R3 S3 1.3802 R4 Commentary S4 1.3844 Buy Above 1.36900 1.37181 1.36513 – Take Profit – Stop Loss Trade Idea Sell Below 1.36498 1.36122 1.36867 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: Pound on higher time frame shows up trend but also confirming divergence with RSI meaning it may break into a down trend for confirm down trend please wait for 1.3640. H1 shows and confirm intraday down trend in alternative scenario please wait for the break out above 1.3680. GBP / USD 1.3635 1.3600 1.3552 1.3490
  5. 5. BUY SELL R E P O R T F R O M : T P G LO B A L F X JANUARY, 2 0 21 Technical Summary Trends Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) FIBO Levels PIVOT R1 S1 1.2198 R2 S2 1.2232 R3 S3 1.2265 R4 Commentary S4 1.2309 Buy Above 1.21515 1.21902 1.21323 – Take Profit – Stop Loss Trade Idea Sell Below 1.21131 1.20859 1.21485 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: Euro is showing up trend on day candle and on H1 Chart it is below moving average (75) and RSI is also below level 50. It is further confirming that 1.2115 is a key support if is not broken it will further give pull back and come back in high volume zone and can give upward movement. Wait for the break out and enter the trade. EUR / USD 1.2128 1.2074 1.2040 1.2001 Below RSI LEVEL 50
  6. 6. BUY SELL R E P O R T F R O M : T P G LO B A L F X JANUARY, 2 0 21 Technical Summary Trends Up Trend Moving Average (Period=75A) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1.2783 R2 S2 1.2822 R3 S3 1.2848 R4 Commentary S4 1.2880 Buy Above 1.27764 1.28062 1.27339 – Take Profit – Stop Loss Trade Idea Sell Below 1.27329 1.26952 1.27746 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: Canadian Dollar has broken a pattern and full day candle is on uptrend. It may further continue uptrend. Upper Resistance level is 1.2800. For alternative scenario wait for 1.2730 to break for entering sell trade. USD /CAD 1.2672 1.2630 1.2570 1.2537
  7. 7. BUY SELL R E P O R T F R O M : T P G LO B A L F X JANUARY, 2 0 21 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 104.22 R2 S2 104.90 R3 S3 105.40 R4 Commentary S4 105.94 Buy Above 103.815 103.920 103.659 – Take Profit – Stop Loss Trade Idea Sell Below 103.652 103.506 103.859 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: Japanese yen shows a narrow range movement on day chart. Trend is down but it is currently moving around moving average (75) but RSI is below 50 level and this may continue down site movement. On H1 Chart for intraday trading price is in between the high volume zone may suggest that it can be a range bound for 50 Pips. Wait for the break out to enter the right trend and also lookout carefully for profit booking. USD /JPY 103.28 102.90 102.45 102.10
  8. 8. BUY SELL R E P O R T F R O M : T P G LO B A L F X JANUARY, 2 0 21 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 1862 R2 S2 1867 R3 S3 1872 R4 Commentary S4 1885 Buy Above 1862.79 1873.32 1850.17 – Take Profit – Stop Loss Trade Idea Sell Below 1848.62 1840.39 1861.57 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold is moving in very narrow range in term of long term trend and looming for a reason to break for big movement. Above $1,870 it may reverse the trend and can move again in upward direction. Breaking $1,840 and settling there for the day will create new down trend for higher time frame. For Intraday trading, check out the levels and wait for the breakout. XAU [GOLD] USD / 1848 1840 1832 1820
  9. 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com R E P O R T F R O M : T P G L O B A L F X /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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