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15 February, 2021
Daily Analysis Report
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Asian Bulle n: Aussie strengthens sharply ahead of RBA’s Monetary Policy Mee ng Minutes due tomorrow, Asian stock markets in green, gold trades flat at $1,822 mark
Key Headlines:
• U.S., Hong Kong, Canada, Brazil and China Banks will be closed for the day.
• Japan prelim GDP price index stands at 0.2 pct vs 1.2 pct previous release (expected 0.5).
• Japan prelim GDP q/q stands at 3.0 pct vs 5.3 pct previous release (expected 2.4).
• U.K. HPI stands at 0.5 pct vs -0.9 pct previous release.
• South Korea trade balance stands at 3.76B vs 6.94B previous release.
• Peru's foreign minister resigns over coronavirus vaccine scandal – Reuters.
• Brazil has confirmed cases of the U.K. variant of the novel coronavirus in two states.
• Japan’s Nikkei soars above the 30,000 level for the first me in more than 30 years on Monday.
• U.S. President Joe Biden has scheduled his first event with other leaders from G7 due on Friday (Feb 19) to discuss the coronavirus pandemic, the world
economy and dealing with China.
• Oil prices climb on fears of Saudi - led coali on figh ng in Yemen, hits highest level more than a year.
Economic Data Ahead:
• (1000 GMT/1530 IST) Euro Industrial Produc on, previous 2.5, expected -0.4.
• (1000 GMT/1530 IST) Euro Trade balance, previous 25.1B, expected 22.3B.
• (1330 GMT/1900 IST) Canada manufacturing Sales, previous -0.6, expected 0.2.
Economic Events Ahead:
• All day – Eurogroup Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.17% to 90.33 points.
3. AUD / USD
BUY SELL
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FEBRUARY,
2
021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7799
R2 S2
0.7820
R3 S3
0.7878
R4
Commentary
S4
0.7940
Buy Above 0.78023
0.78236
0.77858
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77556
0.77300
0.77834
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie strengthens noticeably against U.S. dollar and touches $0.7785 mark in
Asian hours. The triple EMA and RSI confirm the upside trend in short as well as long run. On the
top side, key resistance is seen at $0.7799 mark, a sustained close above will drag the parity
towards key resistances. Alternatively, reversal from key resistance will result in to downside rally.
RBA has scheduled to release Monetary Policy Meeting Minutes due tomorrow. It may provide
further direction to the parity
0.7755
0.7690
0.7638
0.7590
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2143
R2 S2
1.2170
R3 S3
1.2224
R4
Commentary
S4
1.2262
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-
Time Frame: H1
EUR/USD: The euro continues to trade in stiff boundaries and stabilizes above $1.21 mark. The
H1 chart confirms the bullish trend but on a Day Chart, the parity is still suggesting sideways
movement for the time being. Key boundaries for the parity will be $1.2143 to $1.2100 mark. A
consistent break of either side on H1 chart will provide further directions to the parity.
EUR / USD
1.2100
1.2044
1.1961
1.1900
FEBRUARY,
2
021
Buy Above 1.21469
1.21715
1.21222
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.21118
1.20842
1.21474
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
5. BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.3944
R2 S2
1.3967
R3 S3
1.4001
R4
Commentary
S4
1.4040
Buy Above 1.39452
1.39989
1.38945
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.38471
1.38033
1.38990
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The pound soars and touches $1.3902 mark in early Asia, highest level since April
2018. Technical indicators like triple EMA and RSI confirm the bullish trend for the time being. The
key range for the parity will be $1.3944 mark to $1.3845 mark. A successful close of either side on
a H1 Chart will provide further direction to the parity.
USD
1.3845
1.3767
1.3738
1.3640
FEBRUARY,
2
021
GBP/
6. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75A) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2730
R2 S2
1.2751
R3 S3
1.2783
R4
Commentary
S4
1.2856
Buy Above 1.27051
1.27300
1.26776
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26583
1.26328
1.26886
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar trades marginally higher on Monday and remains well supported
below 1.27 mark. A day chart and H1 chart confirm the bearish trend in short run. A sustained
close below 1.2629 requires for the downside rally. Alternatively, reversal from here will drag the
parity back above 1.2750 mark.
USD /CAD
1.2629
1.2600
1.2570
1.2526
FEBRUARY,
2
021
7. BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
105.22
R2 S2
105.68
R3 S3
106.02
R4
Commentary
S4
106.50
Buy Above 105.280
105.502
105.044
– Take Profit
– Stop Loss
Trade Idea
Sell Below 104.853
104.605
105.107
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen starts a new week on a negative note and jumps back above 105.00
mark. The pair signals the bullish trend on a Day as well as H1 chart via triple EMA and RSI. On
H1 chart, immediate resistance is seen at 105.22 mark; a consistent close above requires for the
upside rally. On the bottom side, a sustained break below 104.70 will test further supports.
USD /JPY
104.70
104.22
103.60
102.92
FEBRUARY,
2
021
8. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1832
R2 S2
1840
R3 S3
1848
R4
Commentary
S4
1854
Buy Above 1830.23
1836.55
1824.81
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1817.58
1809.29
1826.05
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold trades marginally lower on Monday and hovers around $1,820 mark. The
pair made intraday high at $1,827 and low at $1,820 mark. As U.S. is having bank holiday for the
day, gold will be less volatile. The key boundaries for the parity will be $1,832 to $1,815 mark. A
consistent close of either side on H1 chart will only provide further direction to the parity. The Day
as well as H1 chart suggesting the bearish trend for the time being.
XAU [GOLD]
USD
/
1815
1807
1798
1785
FEBRUARY,
2
021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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