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Daily Forex Technical Analysis Report - November 11, 2020

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 11, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 11 November, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Kiwi appreciates sharply a er RBNZ’s hawkish Monetary Policy Statement, Asian stock markets in green, gold stabilizes below $1,900 mark Asian Headlines: • RBNZ has kept official cash rate unchanged at 0.25 pct. • The RBNZ has announced LVR restric ons on mortgage lending. • The RBNZ has further delayed its plan to require banks to hold more capital un l July 2022 (previously July 2021). • The RBNZ’s funding for lending program will be launched in December 2020, keeping QE unchanged. • Australia’s Westpac consumer sen ment stands at 2.5 pct vs 11.9 pct previous release. • Japan’s M2money stock remains unchanged at 9.0 pct. Economic Data Ahead: • No key economic data scheduled for the day. Economic Events Ahead: • (1100 GMT/1630 IST) OPEC Monthly Report • (1300 GMT/1830 IST) ECB President Lagarde 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 trades marginally higher and hovers around 105.00 mark. 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 105.25 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 strengthens in early Asia and touches $0.7318 mark. The pair made intraday high at $0.7318 and low at $0.7275 marks. On the top side key resistances are seen at $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 appreciates extremely a er RBNZ’s hawkish Monetary Policy Statement. Pair made intraday high at $0.6904 and low at $0.6809 mark. Key resistances are seen at $0.6910, $0.6947 and $0.6988 mark respec vely. Alterna vely, a consistent close below $0.6819 will drag the parity down towards key supports around $0.6783, $0.6750, $0.6690, $0.6610, $0.6578, $0.6527 and $0.6499 mark respec vely. USD/INR: The Indian rupee moves in narrow range and remains well supported above 74.16 mark. The pair made intraday high at 74.23 and low at 74.06 marks. A sustained close below 74.23 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 trades flat and consolidates around $1.1810 mark. The pair made intraday high at $1.1832 and low at $1.1806 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 rises gradually and hits highest level since Sept 04, 2020. Today pair made intraday high at $1.3280 and low at $1.3253 mark. A sustained close above $1.3270 will drag the parity up towards $1.3280, $1.3322, $1.3354 and $1.3382 mark respec vely. Key support levels are seen at $1.3190, $1.3156, $1.3090, $1.3054, $1.3002 and $1.2950 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold exhibits range bound movement and stabilizes around $1,880 mark. Today pair made intraday high at $1,883 and low at $1,874 mark. A sustained close above $1,902 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 trades slightly up and trading around $24.40 mark. Today pair made intraday high at $24.43 and low at $24.15 mark. A sustained close above $24.62 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 and $26.08 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 0.72931 S1 0.72613 Buy Above 0.73201 0.73328 0.72723 0.72723 0.72578 0.73201 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.73029 S2 0.72515 R3 0.73188 S3 0.72356 R4 0.73445 S4 0.72099 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72772
  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 1.18371 S1 1.17887 Buy Above 1.18548 1.18737 1.17792 1.17792 1.17572 1.18548 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18520 S2 1.17738 R3 1.18762 S3 1.17496 R4 1.19153 S4 1.17105 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.18129 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 1.32819 S1 1.31885 Buy Above 1.32888 1.33176 1.32015 1.32015 1.31696 1.32888 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.33108 S2 1.31596 R3 1.33575 S3 1.31129 R4 1.34331 S4 1.30373 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.32352 NOVEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.30475 S1 1.29973 Buy Above 1.30565 1.30787 1.29947 1.29947 1.29732 1.30565 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.30630 S2 1.29818 R3 1.30881 S3 1.29567 R4 1.31287 S4 1.29161 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.30224 Trend Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 NOVEMBER,2020
  7. 7. USD /JPY REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 105.433 S1 104.923 Buy Above 105.374 105.692 104.722 104.722 104.425 105.374 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.591 S2 104.765 R3 105.846 S3 104.510 R4 106.259 S4 104.097 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 105.178 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 1887.34 S1 1864.46 Buy Above 1890.72 1898.91 1867.92 1867.92 1860.45 1890.72 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1894.41 S2 1857.39 R3 1905.85 S3 1845.95 R4 S4 1827.44 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1875.90 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1924.36 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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