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Daily Forex Technical Analysis Report - November 09, 2020

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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 - November 09, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 09 November, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar falls no ceably against major peers as U.S. elec on results out showing Joe Biden victory; Asian stock markets extremely up, gold hits fresh 2 – month high at $1,965 mark Asian Headlines: • Japan Reuters Tankan index stands at -13 vs -26 previous release. • Japan FX reserves stands at 1,384.4B vs 1,389.8B previous release. • Australia building approvals stand at 15.4 pct vs -2.3 pct previous release. Economic Data Ahead: • (0645 GMT/ 1215 IST) Swiss unemployment rate, previous 3.3, expected 3.3. • (0700 GMT/1230 IST) German trade balance, previous 15.7B, expected 17.2B. • (0930 GMT/1500 IST) Euro Sen x investor confidence, previous -8.3, expected -15.0. Economic Events Ahead: • (0925 GMT/1455 IST) ECB President Lagarde speech. • (1035 GMT/1605 IST) BOE Governor Bailey Speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.07% to 92.17 points. USD/JPY: The Japanese yen takes halt around 103.17 mark and starts a new week on slightly nega ve note. A sustained close above 103.34 will take the parity higher towards key resistance around 103.75, 104.22, 104.70, 105.34 and 105.92 mark respec vely. On the other side, a consistent close below 103.34 will drag the parity down towards 103.17, 102.98, 102.50, 101.90 and 101.50 marks respec vely. AUD/USD: The Aussie rises gradually and hovers around $0.73 mark on Monday. The pair made intraday high at $0.7298 and low at $0.7268 marks. On the top side key resistances are seen at $0.7290, $0.7347, $0.7376, $0.74 and $0.7426 mark respec vely. On the other hand, a consistent close below $0.7281 will take the parity down towards key supports around $0.7240, $0.7190, $0.7170, $0.7122, $0.7090 and $0.7052 mark respec vely. NZD/USD: The Kiwi strengthens no ceably in early Asia ahead of interest rate decision due on Wednesday. Pair made intraday high at $0.6816 and low at $0.6783 mark. Key resistances are seen at $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6753 will drag the parity down towards key supports around $0.6690, $0.6610, $0.6578, $0.6527, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee appreciates and stabilizes below 74.00 mark. The pair made intraday high at 73.92 and low at 73.76 marks. A sustained close below 73.85 marks will drag the parity down towards 73.57, 73.20, 72.87, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 74.00, 74.22, 74.70, 75.08, 75.27, 75.39 and 75.62 marks respec vely. EUR/USD: The euro moves in rigid boundaries ahead of Lagarde’s speech. The pair made intraday high at $1.1895 and low at $1.1878 mark. A sustained close above $1.1873 tests key resistances at $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1821 will target key supports around $1.1790, $1.1740, $1.1672, $1.1640, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound trades marginally higher and touches $1.3193 mark in early Asia. Today pair made intraday high at $1.3193 and low at $1.3150 mark. A sustained close above $1.3150 will drag the parity up towards $1.3193, $1.3224, $1.3248 and $1.3276 mark respec vely. Key support levels are seen at $1.3090, $1.3054, $1.3002, $1.2950, $1.2916, $1.2889 and $1.2854 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold starts a new week on a posi ve note and hits fresh 2 – month high at $1,964 mark. Today pair made intraday high at $1,964 and low at $1,951 mark. A sustained close above $1,951 requires for the upside rally. On the other side, consistent close below $1,922 will check key supports as well. Key support levels are seen around $1,902, $1,894, $1,882, $1,876, $1,857, $1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,967, $1,974, $1,982, $1,991, $1,999 and $2,000 marks respec vely. XAG/USD (Silver): Silver touches $26.01 mark in opening hours on Monday. Today pair made intraday high at $26.01 and low at $25.61 mark. A sustained close above $25.61 requires for upside rally. Key support levels are seen at $24.90, $24.22, $23.65, $23.22, $22.90, $22.77 and $22.40 marks respec vely. Key resistances are seen at $26.08, $26.24, $26.38, $26.47 and $26.72 marks respec vely.
  3. 3. AUD / USD REPORTFROM:TPGLOBALFXNOVEMBER,2020 Time Frame: H1 INDICATORS Trends Up Trend Moving Average (Period=75) Above MA H 1 RIS (Period=26) Above RIS LEVEL 50 FIBO Levels PIVOT R1 0.72800 S1 0.72428 Buy Above 0.73056 0.73429 0.72254 0.72254 0.71952 0.73056 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.72914 S2 0.72314 R3 0.73100 S3 0.72128 R4 0.73400 S4 0.71828 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72614
  4. 4. EUR / USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS Trends Up Trend Moving Average (Period=75 Above MA H 1 RIS (Period=26) Above RIS LEVEL 50 FIBO Levels PIVOT R1 1.18897 S1 1.18167 Buy Above 1.19160 1.19441 1.17898 1.17898 1.17629 1.19160 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.19123 S2 1.17941 R3 1.19488 S3 1.17576 R4 1.20079 S4 1.16985 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.18532 NOVEMBER,2020
  5. 5. GBP / USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS Trends Up Trend Moving Average (Period=75) Above MA H 1 RIS (Period=26) Above RIS LEVEL 50 FIBO Levels PIVOT R1 1.31711 S1 1.31067 Buy Above 1.32063 1.32324 1.31054 1.31054 1.30767 1.32063 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.31911 S2 1.30867 R3 1.32233 S3 1.30545 R4 1.32755 S4 1.30023 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31389 NOVEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.30877 S1 1.30283 Buy Above 1.31041 1.31389 1.29836 1.29836 1.29495 1.31041 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.31061 S2 1.30099 R3 1.31358 S3 1.29802 R4 1.31839 S4 1.29321 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.30580 Trend Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 NOVEMBER,2020
  7. 7. USD /JPY REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 103.652 S1 103.206 Buy Above 103.811 104.057 103.064 103.064 102.762 103.811 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 103.790 S2 103.060 R3 104.013 S3 102.845 R4 104.374 S4 102.484 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 103.429 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 NOVEMBER,2020
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1958.63 S1 1939.69 Buy Above 1968.68 1973.92 1948.57 1948.57 1941.30 1968.68 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1964.18 S2 1933.84 R3 1973.95 S3 1924.37 R4 S4 1909.05 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1949.16 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1989.27 NOVEMBER,2020
  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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