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Daily Forex Technical Analysis Report - November 19, 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 19, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 19 November, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie remains almost unchanged a er robust job data, Asian stock markets mixed, gold slips below $1,870 mark Asian Headlines: • Australia’s employment change stands at 178.8K vs -42.5K previous release. • Australia’s unemployment rate stands at 7.0 pct vs 6.9 pct previous release (expected 7.1). • PBOC rose yuan's fixing by 109 pips to 6.5484 per U.S. dollar, the strongest level since Jun 2018. Economic Data Ahead: • (0200 ET/0700 GMT) Swiss Trade balance, previous 3.28B, expected 3.55B. • (0400 ET/0900 GMT) Euro Current Account, previous 19.9B, expected 18.1B. • (0600 ET/1100 GMT) U.K. CBI Industrial orders expecta ons, previous -34, expected -39. • (0830 ET/1330 GMT) Canada Employment change, previous -240.8K. • (0830 ET/1330 GMT) U.S. Philly Fed Manufacturing Index, previous 32.3, expected 22.0. • (0830 ET/1330 GMT) U.S. unemployment Claims weekly, previous 709K, expected 707K. • (1000 ET/1500 GMT) U.S. Exis ng home sales, previous 6.54M, expected 6.45M. Economic Events Ahead: • (1000 ET/1500 GMT) 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 up 0.17% to 92.47 points. USD/JPY: The Japanese yen con nues to trade higher and slips below 104.00 mark. A sustained close above 103.80 will take the parity higher towards key resistance around 104.20, 104.60, 105.22, 105.64, 105.92, 106.22 and 106.76 mark respec vely. On the other side, a consistent close below 103.80 will drag the parity down towards 103.65, 103.50, 103.17 and 102.80 marks respec vely. AUD/USD: The Aussie remains vola le a er robust job data. The pair made intraday high at $0.7305 and low at $0.7283 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 $0.7298 will take the parity down towards key supports around $0.7270, $0.7220, $0.7190, $0.7170, $0.7122, $0.7090 and $0.7052 mark respec vely. NZD/USD: The Kiwi trades marginally lower on Thursday and hovers around $0.6900 mark. Pair made intraday high at $0.6924 and low at $0.6901 mark. Key resistances are seen at $0.6938, $0.6962 and $0.6988 mark respec vely. Alterna vely, a consistent close below $0.6890 will drag the parity down towards key supports around $0.6850, $0.6783, $0.6750, $0.6690, $0.6610, $0.6578, $0.6527 and $0.6499 mark respec vely. USD/INR: The Indian rupee exhibits range bound movement and trading around 74.10 mark. The pair made intraday high at 74.27 and low at 74.10 marks. A sustained close below 74.22 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 74.40, 74.65, 75.02, 75.27, 75.39 and 75.62 marks respec vely. EUR/USD: The euro moves in rigid boundaries and consolidates around $1.1850 mark. The pair made intraday high at $1.1857 and low at $1.1832 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 $1.1802 will target key supports around $1.1770, $1.1740, $1.1672, $1.1640, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound depreciates and slips back below $1.33 mark. Today pair made intraday high at $1.3269 and low at $1.3224 mark. A sustained close above $1.3270 will drag the parity up towards $1.3322, $1.3354 and $1.3382 mark respec vely. Key support levels are seen at $1.3222, $1.3170, $1.3122, $1.3090, $1.3054, $1.3002 and $1.2950 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold falls sharply on Thursday and hovers around $1,870 mark. Today pair made intraday high at $1,874 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 $1,862, $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 falls gradually and stabilizes around $24.20 mark. Today pair made intraday high at $24.37 and low at $24.15 mark. A sustained close above $24.78 requires for upside rally. Key support levels are seen at $24.15, $23.90, $23.65, $23.22, $22.90, $22.77 and $22.40 marks respec vely. Key resistances are seen at $24.78, $25.02, $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 0.7328 S1 0.7258 Buy Above 0.7315 0.7334 0.7272 0.7272 0.7253 0.7315 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.7340 S2 0.7226 R3 0.7359 S3 0.7190 R4 0.7390 S4 0.7170 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.7308
  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 1.1884 S1 1.1832 Buy Above 1.1878 1.1894 1.1841 1.1828 1.1802 1.1878 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.1896 S2 1.1814 R3 1.1916 S3 1.1802 R4 1.1947 S4 1.1770 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.1865 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 1.3268 S1 1.3200 Buy Above 1.3279 1.3303 1.3190 1.3190 1.3166 1.3279 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.3289 S2 1.3179 R3 1.3322 S3 1.3146 R4 1.3377 S4 1.3091 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.3234 NOVEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.3114 S1 1.3074 Buy Above 1.3123 1.3139 1.3061 1.3061 1.3045 1.3123 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.3126 S2 1.3061 R3 1.3146 S3 1.3041 R4 1.3179 S4 1.3008 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.3094 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 104.48 S1 103.75 Buy Above 104.46 104.62 104.00 103.70 103.42 104.20 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 104.60 S2 103.42 R3 104.81 S3 103.17 R4 105.13 S4 102.80 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 104.28 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 1875 S1 1852 Buy Above 1875 1882 1852 1852 1848 1875 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1882 S2 1848 R3 1887 S3 1840 R4 S4 1822 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1888 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1899 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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