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Daily Forex Technical Analysis Report - November 20, 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 20, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 20 November, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen falls in Asian hours as Manufacturing PMI data misses expecta ons, Asian stock markets mixed, gold hovers around $1,870 mark Asian Headlines: • Japan na onal Core CPI stands at -0.7 vs -0.3 pct previous release (expected -0.7). • U.K. GFK consumer confidence stands at -33 vs -31 previous release. • Australia retail sales stand at 1.6 pct vs -1.1 pct previous release. • Japan flash manufacturing PMI stands at 48.3 vs 48.7 previous release. Economic Data Ahead: • (0200 ET/0700 GMT) U.K. Retail Sales, previous 1.5, expected -0.3. • (0830 ET/1330 GMT) Canada Retail Sales, previous 0.4, expected 0.2. • (0830 ET/1330 GMT) Canada Core Retail Sales, previous 0.5, expected 0.0. Economic Events Ahead: • (0315 ET/0815 GMT) ECB President Lagarde speech. • (0830 ET/1330 GMT) U.S. FOMC member Kaplan’s 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 92.28 points. USD/JPY: The Japanese yen falls in early Asia on the back of lower than expected manufacturing PMI data. A sustained close above 103.73 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 103.73 will drag the parity down towards 103.65, 103.50, 103.17 and 102.80 marks respec vely. AUD/USD: The Aussie depreciates slightly despite robust retail sales data. The pair made intraday high at $0.7291 and low at $0.7266 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 higher on Friday and jumps back above $0.6900 mark. Pair made intraday high at $0.6924 and low at $0.6904 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 trades in narrow range and faces strong support at 74.02. The pair made intraday high at 74.15 and low at 74.05 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 rises gradually and hovers around immediate resistance around $1.1890 mark. The pair made intraday high at $1.1886 and low at $1.1865 mark. A sustained close above $1.1873 tests key resistances at $1.1890, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1852 will target key supports around $1.1802, $1.1770, $1.1740, $1.1672, $1.1640, $1.1590, $1.1540 and $1.1526 marks respec vely. GBP/USD: The pound rises on Friday and trading around $1.3270 mark. Today pair made intraday high at $1.3274 and low at $1.3238 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 trades flat on Friday and stabilizes around $1,867 mark. Today pair made intraday high at $1,867 and low at $1,860 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 $1,860, $1,852, $1,848, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,876, $1,882, $1,887, $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 at $24.20 mark. Today pair made intraday high at $24.18 and low at $23.90 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 Up Trend Moving Average (Period=75) Above MA H 1 RIS (Period=26) Above RIS LEVEL 50 FIBO Levels PIVOT R1 0.73003 S1 0.72613 Buy Above 0.73151 0.73348 0.72728 0.72728 0.72539 0.73151 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.73124 S2 0.72492 R3 0.73319 S3 0.72297 R4 0.73635 S4 0.71981 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.72808
  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 1.18819 S1 1.18315 Buy Above 1.18992 1.19146 1.18422 1.18422 1.18239 1.18992 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.18975 S2 1.18159 R3 1.19227 S3 1.17907 R4 1.19635 S4 1.17499 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.18567 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 1.32771 S1 1.32133 Buy Above 1.33270 1.33460 1.32225 1.32225 1.31971 1.33270 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.32967 S2 1.31937 R3 1.33286 S3 1.31618 R4 1.33801 S4 1.31103 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.32452 NOVEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.31092 S1 1.30552 Buy Above 1.31221 1.31438 1.30450 1.30450 1.30284 1.31221 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.31259 S2 1.30385 R3 1.31529 S3 1.30115 R4 1.31966 S4 1.29678 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.30822 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 104.077 S1 103.697 Buy Above 104.203 104.351 103.621 103.621 103.444 104.203 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 104.195 S2 103.579 R3 104.385 S3 103.389 R4 104.693 S4 103.081 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 103.887 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 1872.36 S1 1856.02 Buy Above 1873.65 1880.21 1855.65 1855.65 1850.17 1873.65 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1877.40 S2 1850.98 R3 1885.57 S3 1842.81 R4 S4 1829.60 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1864.19 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1898.78 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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