Daily Analysis Report February 25, 2021

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25 February, 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Aussie strengthens on strong economic indicator, Asian stock markets extremely up, gold hovers around $1,800 mark
Key Headlines:
• New Zealand Final ANZ business confidence stands at 7.0 vs 11.8 previous release.
• Australia private capital expenditure stands at 3.0 vs -3.1 pct previous release (expected 1.1).
• South Korea keeps interest rate unchanged at 0.5 pct.
• Biden likely to pass legisla on to boost chip manufacturing amid shortage, expected requirement $37B.
• Tes mony Day 02 – Powell reaffirmed for lower interest rates.
• Tes mony Day 02 – Fed will do its best to get the U.S. economy back to full employment.
• Tes mony Day 02 – Fed will not worry about infla on unless prices rose in a persistent and troubling way.
• Tes mony Day 02 – Infla on will remain at or below the central bank’s 2% target through 2023.
• Tes mony Day 02 – We (Federal Reserve) believe we can do it, we believe we will do it. It may take more than three years. The current infla on rate by the
Fed’s preferred measure is about 1.3%.
• Tes mony Day 02 - Fed is not going to ghten monetary policy un l it is clear people are ge ng back to work.
• The U.S. Food and Drug Administra on - Johnson & Johnson’s one dose COVID-19 vaccine appeared safe and effec ve in trials, may get approval for
emergency use as soon as this week.
• The U.S. House of Representa ves will vote on Friday on legisla on to provide $1.9 trillion in new coronavirus relief.
• The key aim of aid bill is to s mulate the U.S. economy and carry out Biden’s proposals to provide addi onal money for COVID-19 vaccines and other medical
equipment.
• Federal Reserve Vice Chair Richard Clarida – He is “bullish” on the outlook for the U.S. economy and sees infla on at the Fed’s 2% goal by the end of 2021.
• Singapore Health Ministry - The country received its first batch of the COVID-19 vaccine made by China’s Sinovac Biotech.
• European Stocks likely to hit record high by the end of 2021 – Reuters poll.
Economic Data Ahead:
• (0700 GMT/1230 IST) German GFK consumer climate, previous -15.6, expected -14.0.
• (0900 GMT/1430 IST) Euro private loans, previous 3.1, expected 3.2.
• (1330 GMT/1900 IST) U.S. Prelim GDP q/q, previous 4.0, expected 4.2.
• (1330 GMT/1900 IST) U.S. durable goods orders, previous 0.5, expected 0.9.
• (1330 GMT/1900 IST) U.S. core durable goods orders, previous 1.1, expected 0.6.
• (1330 GMT/1900 IST) U.S. unemployment claims weekly, previous 861K, expected 828K.
• (1500 GMT/2030 IST) U.S. pending home sales, previous -0.3, expected 0.2.
Economic Events Ahead:
• (1330 GMT/1900 IST) FOMC member Bos c Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.14% to 90.05 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
0.7975
R2 S2
0.8002
R3 S3
0.8038
R4
Commentary
S4
0.8056
Buy Above 0.79893
0.80168
0.79559
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.79443
0.79147
0.79737
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie rises noticeably on robust private capital expenditure results and touches
$0.7978 mark in early Asian hours. Technical tools like triple EMA and RSI clearly confirm the
bullish trend for the time being. A sustained close above $0.7975 on H1 chart requires for the
upside rally. Alternatively, a consistent break below $0.7940 will test key supports too.
0.7940
0.7889
0.7842
0.7799

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2205
R2 S2
1.2264
R3 S3
1.2323
R4
Commentary
S4
1.2352
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-
Time Frame: H1
EUR/USD: The euro strengthens on Thursday and remains well supported above $1.2150 mark.
The pair made intraday high at $1.2177 and low at $1.2155 mark. The triple EMA on H1 and a
Day chart confirm the bullish trend only. The expected range for the parity will be $1.2205 to
$1.2122 mark. A sustained close of either side on H1 chart will provide further direction to the
parity.
EUR / USD
1.2122
1.2090
1.2020
1.1961
FEBRUARY,
2
021
Buy Above 1.21879
1.22108
1.21657
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.21413
1.21149
1.21700
– 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
1.4191
R2 S2
1.4240
R3 S3
1.4284
R4
Commentary
S4
1.4328
Buy Above 1.41696
1.42106
1.41111
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.40977
1.40520
1.41422
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling spiked up in previous session and touched $1.4240 mark. Today pair
remains well supported below $1.42 mark. The recovery from the covid infections and relieve from
partial lockdown is the key reasons for the strong sterling. The day as well as H1 chart confirms
the bullish trend for the time being. A sustained close above $1.4191 on H1 chart requires for the
upside rally. Alternatively, a consistent close below $1.4090 will test further supports too.
USD
1.4127
1.4091
1.4064
1.4001
FEBRUARY,
2
021
GBP/

6. 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
1.2522
R2 S2
1.2568
R3 S3
1.2610
R4
Commentary
S4
1.2640
Buy Above 1.25320
1.25660
1.24988
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.24894
1.24573
1.25245
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar appreciates drastically and hits highest level since Feb 2018. The
pair made intraday high at 1.2521 and low at 1.2500 mark. Both RSI and triple EMA confirm the
bearish trend for the time being. The expected range of the parity will be 1.2397 to 1.2584 mark. A
sustained close below 1.25 on a day chart requires for the downside rally. Alternatively, reversal
from here will take the parity back above 1.2610 mark.
USD /CAD
1.2495
1.2472
1.2424
1.2397
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
106.12
R2 S2
106.38
R3 S3
106.78
R4
Commentary
S4
107.22
Buy Above 106.173
106.370
105.966
– Take Profit
– Stop Loss
Trade Idea
Sell Below 105.761
105.471
106.076
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen weakens sharply on Thursday and touches 106.13 mark in Asian
hours. The day as well as H1 chart with triple EMA suggests bullish trend. The expected range of
the parity will be 106.55 to 105.70 mark. A sustained close of either side on H1 chart requires for
the further direction. An immediate resistance is seen at 106.12 mark. A consistent close above on
H1 chart requires for the upside rally.
USD /JPY
105.70
105.22
104.92
104.55
FEBRUARY,
2
021

8. 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
1808
R2 S2
1815
R3 S3
1822
R4
Commentary
S4
1827
Buy Above 1805.20
1812.05
1795.59
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1792.36
1785.78
1800.06
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained highly volatile as yesterday was the final day of Powell’s
Testimony. There was nothing new to surprise the traders but Powell repeated his previous
forecasts and expectations regarding the U.S. economy. The pair made intraday high at $1,805
and low at $1,793 mark. On H1 and a day chart, parity confirms the bearish trend. A sustained
close above $1,808 on H1 chart requires for the upside rally. Alternatively, a consistent close
below $1,794 will check further supports.
XAU [GOLD]
USD
/
1794
1787
1778
1760
FEBRUARY,
2
021

9. Thank
you!
Info@tpglobalfx.com
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