Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Daily Forex Technical Analysis Report - November 10, 2020

25 views

Published on

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

Published in: Business
  • Be the first to comment

  • Be the first to like this

Daily Forex Technical Analysis Report - November 10, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 10 November, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen rises despite lower than expected current account data, Asian stock markets con nue to trade higher, gold hovers around $1,880 mark Asian Headlines: • Japan bank lending stands at 6.2 pct vs 6.4 pct previous release (expected 6.3). • Japan Current account stands at 1.35T vs 1.66T previous release (expected 1.79T). • U.K. BRC retail sales monitor stands at 5.2 pct vs 6.1 pct previous release (expected 5.5). • Australia NAB business confidence stands at 5 vs -4 previous release. • China CPI stands at 0.5 pct vs 1.7 pct previous release. • China PPI remains unchanged at -2.1 pct. Economic Data Ahead: • (0200 ET/0700 GMT) U.K. Claimant count change, previous 28.1K, expected 20.3K. • (0200 ET/0700 GMT) U.K. unemployment rate, previous 4.5, expected 4.7. • (0245 ET/0745 GMT) France industrial produc on, previous 1.3, expected 0.8. • (0400 ET/0900 GMT) Italy industrial produc on, previous 7.7, expected -1.9. • (0500 ET/1000 GMT) Euro ZEW economic sen ment, previous 52.3, expected 43.3. • (0500 ET/1000 GMT) Euro German ZEW economic sen ment, previous 56.1, expected 45.0. Economic Events Ahead: • (1200 GMT/1700 GMT) U.S. FOMC member Kaplan speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.09% to 92.64 points. USD/JPY: The Japanese yen rises in early Asia despite lower than expected current account data. A sustained close above 105.35 will take the parity higher towards key resistance around 105.64, 105.92, 106.22 and 106.76 mark respec vely. On the other side, a consistent close below 105.35 will drag the parity down towards 104.90, 104.70, 104.22, 103.92, 103.50 and 103.17 marks respec vely. AUD/USD: The Aussie remains almost unchanged a er NAB business confidence data. The pair made intraday high at $0.7288 and low at $0.7266 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 $0.7257 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 rises remarkably in early Asia ahead of interest rate decision due tomorrow. Pair made intraday high at $0.6840 and low at $0.6809 mark. Key resistances are seen at $0.6840, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6819 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 trades marginally lower and hovers around 74.00 mark. The pair made intraday high at 74.03 and low at 73.84 marks. A sustained close below 73.87 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 74.22, 74.70, 75.08, 75.27, 75.39 and 75.62 marks respec vely. EUR/USD: The euro exhibits range bound movement and consolidates around $1.18 mark. The pair made intraday high at $1.1838 and low at $1.1807 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 $1.1812 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 flat ahead of U.K. job data. Today pair made intraday high at $1.3198 and low at $1.3156 mark. A sustained close above $1.3163 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 remained highly vola le during U.S. session on posi ve news regarding Covid vaccine and touched $1,850 mark. Today pair made intraday high at $1,884 and low at $1,860 mark. A sustained close above $1,951 requires for the upside rally. On the other side, consistent close below $1,861 will check key supports as well. Key support levels are seen around $1,857, $1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,892, $1,902, $1,917, $1,922, $1,940, $1,947, $1,967, $1,974, $1,982, $1,991, $1,999 and $2,000 marks respec vely. XAG/USD (Silver): Silver slips back below $25.00 mark. Today pair made intraday high at $24.35 and low at $24.00 mark. A sustained close above $25.61 requires for upside rally. Key support levels are seen at $23.90, $23.65, $23.22, $22.90, $22.77 and $22.40 marks respec vely. Key resistances are seen at $24.50, $24.90, $25.22, $25.47, $25.90, $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 0.73228 S1 0.72670 Buy Above 0.73056 0.73357 0.72365 0.72365 0.72167 0.73056 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.73401 S2 0.72497 R3 0.73680 S3 0.72218 R4 0.74132 S4 0.71766 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72949
  4. 4. EUR / USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS Trends Down Trend Moving Average (Period=75 Below MA H 1 RIS (Period=26) Below RIS LEVEL 50 FIBO Levels PIVOT R1 1.18898 S1 1.17948 Buy Above 1.18990 1.19327 1.17845 1.17845 1.17572 1.18990 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.19192 S2 1.17654 R3 1.19667 S3 1.17179 R4 1.20436 S4 1.16410 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.18423 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 1.31969 S1 1.31283 Buy Above 1.32143 1.32359 1.31217 1.31217 1.30994 1.32143 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.32182 S2 1.31070 R3 1.32525 S3 1.30727 R4 1.33081 S4 1.30171 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.31626 NOVEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.30425 S1 1.29483 Buy Above 1.30379 1.30605 1.29697 1.29697 1.29429 1.30379 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.30716 S2 1.29192 R3 1.31187 S3 1.28721 R4 1.31949 S4 1.27959 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.29954 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 105.673 S1 103.799 Buy Above 105.374 105.692 103.760 103.760 103.413 105.374 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 106.252 S2 103.220 R3 107.189 S3 102.283 R4 108.705 S4 100.767 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 104.736 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 NOVEMBER,2020
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1936.53 S1 1848.67 Buy Above 1894.59 1899.93 1867.92 1867.92 1860.45 1894.59 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1963.66 S2 1821.54 R3 2007.59 S3 1777.61 R4 S4 1706.55 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1892.60 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 2078.65 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

×