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 12, 2020

40 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 12, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 12 November, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen rises in early Asia despite lower than expected core machinery orders data, Most Asian stock markets in red, gold hovers around $1,870 mark Asian Headlines: • Japan core machinery orders stands at -4.4 pct vs 0.2 pct previous release (expected -1.1). • Japan PPI stands at -2.1 pct vs -0.8 pct previous release. • South Korea export price index stands at -6.4 pct vs -5.9 pct previous release. • South Korea import price index stands at -11.6 pct vs -11.3 previous release. Economic Data Ahead: • (0200 ET/0700 GMT) U.K. prelim GDP, previous -19.8, expected 15.8. • (0200 ET/0700 GMT) U.K. goods trade balance, previous -9.0B, expected -9.2B. • (0200 ET/0700 GMT) U.K. industrial produc on, previous 0.3, expected 0.9. • (0200 ET/0700 GMT) U.K. manufacturing produc on, previous 0.7, expected 0.7. • (0500 ET/1000 GMT) Euro industrial produc on, previous 0.7, expected 0.6. • (0830 ET/1330 GMT) U.S. CPI, previous 0.2, expected 0.1. • (0830 ET/1330 GMT) U.S. Core CPI, previous 0.2, expected 0.2. • (0830 ET/1330 GMT) U.S. unemployment claims weekly, previous 751K, expected 730K. Economic Events Ahead: • (0300 ET/0800 GMT) BOE Governor Bailey speech. • (0400 ET/0900 GMT) Euro economic bulle n. • (1145 ET/1645 GMT) ECB President Lagarde speech. • (1145 ET/1645 GMT) BOE Governor Bailey speech. • (1145 ET/1645 GMT) Fed Chair Powell speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.01% to 93.04 points. USD/JPY: The Japanese yen rises in early Asia despite lower than expected core machinery orders data. A sustained close above 105.42 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 trades flat in early Asia and consolidates around $0.7280 mark. The pair made intraday high at $0.7293 and low at $0.7267 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 strengthens extremely and hits highest level since March 2019. Pair made intraday high at $0.6914 and low at $0.6872 mark. Key resistances are seen at $0.6914, $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 rigid boundaries and remains well supported above 74.00 mark. The pair made intraday high at 74.42 and low at 74.30 marks. A sustained close below 74.40 marks will drag the parity down towards 73.90, 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 74.48, 74.70, 75.08, 75.27, 75.39 and 75.62 marks respec vely. EUR/USD: The euro trades flat and slips below $1.1800 mark. The pair made intraday high at $1.1788 and low at $1.1767 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 $1.1771 will target key supports around $1.1740, $1.1672, $1.1640, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound reverses previous gain against U.S. dollar and hovers around $1.32 mark. Today pair made intraday high at $1.3228 and low at $1.3203 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 moves in s ff boundaries and consolidates around $1,870 mark. Today pair made intraday high at $1,872 and low at $1,862 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 flat in early Asia. Today pair made intraday high at $24.34 and low at $24.09 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 Down Trend Moving Average (Period=75) Below MA H 1 RIS (Period=26) Below RIS LEVEL 50 FIBO Levels PIVOT R1 0.73076 S1 0.72632 Buy Above 0.72994 0.73161 0.72578 0.72578 0.72384 0.72994 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.73214 S2 0.72494 R3 0.73436 S3 0.72272 R4 0.73796 S4 0.71912 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72854
  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 1.18184 S1 1.17518 Buy Above 1.18033 1.18233 1.17507 1.17507 1.17307 1.18033 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18390 S2 1.17312 R3 1.18723 S3 1.16979 R4 1.19262 S4 1.16440 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.17851 NOVEMBER,2020
  5. 5. GBP / 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 1.32892 S1 1.31958 Buy Above 1.32530 1.32831 1.31754 1.31754 1.31460 1.32530 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.33181 S2 1.31669 R3 1.33648 S3 1.31202 R4 1.34404 S4 1.30446 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.32425 NOVEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.30752 S1 1.30228 Buy Above 1.30951 1.31181 1.30243 1.30243 1.29997 1.30951 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.30913 S2 1.30067 R3 1.31173 S3 1.29805 R4 1.31598 S4 1.29382 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.30490 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 105.620 S1 105.108 Buy Above 105.543 105.750 105.037 105.037 104.806 105.543 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.779 S2 104.949 R3 106.035 S3 104.693 R4 106.450 S4 104.278 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 105.364 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 1879.35 S1 1857.85 Buy Above 1875.95 1881.76 1856.10 1856.10 1850.94 1875.90 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1885.99 S2 1851.21 R3 1896.74 S3 1840.46 R4 S4 1823.07 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1868.60 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1914.13 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

×