The document provides a daily analysis report from TP Global FX on July 22, 2021. It includes key economic data from Australia, the UK, Eurozone and US. It then analyzes the technical trends of major currency pairs like AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY and XAU/USD on an hourly time frame, identifying levels of support and resistance and providing potential buy and sell trade ideas.
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DAILY ANALYSIS REPORT JULY 22, 2021
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22 July 2021
Daily Analysis Report
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Asian Bulle n: Aussie remains almost unchanged a er key economic results, Asian stock markets in green, gold hovers around $1,800 mark
Key Headlines:
• Australia trade balance stands at 13.27B vs 12.50B previous release.
• Australia NAB business confidence stands at 17 vs 19 previous release.
Economic Data Ahead:
• (1000 GMT/1530 IST) U.K. CBI Industrial order expecta ons, previous 19, expected 16.
• (1145 GMT/1715 IST) Euro Interest Rate Decision, previous 0.00, expected 0.00.
• (1230 GMT/1800 IST) U.S. unemployment claims weekly, previous 360K, expected 350K.
• (0900 GMT/1430 IST) Euro consumer confidence, previous -3, expected -3.
• (1400 GMT/1930 IST) U.S. Exis ng Home Sales, previous 5.80M, expected 5.89M.
Economic Events Ahead:
• (0830 GMT/1400 IST) U.K. MPC member Broadbent Speaks.
• (1230 GMT/1800 IST) ECB Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.08% to 92.83 points.
3. AUD / USD
BUY SELL
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JULY,
2
021
Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7370
R2 S2
0.7399
R3 S3
0.7422
R4
Commentary
S4
0.7450
Buy Above 0.7370
0.7396
0.7338
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7320
0.7294
0.7353
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
AUD/USD: The Aussie failed to find support below $0.73 mark and currently hovers around $0.7350
levels. It made intraday high at $0.7360 and low at $0.7342 mark. A day chart is down while H1 chart
with triple EMA suggests up trend for the time being. A sustained close above $0.7370 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7320 will check further
supports.
0.7320
0.7300
0.7271
0.7255
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1812
R2 S2
1.1840
R3 S3
1.1876
R4
Commentary
S4
1.1902
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Time Frame: H1
EUR/USD: The Euro trades slightly higher on Thursday ahead of ECB’s Interest Rate Decision due at
1145 GMT. Today pair made intraday high at $1.1799 and low at $1.1786. Today triple EMA on a day
chart is down but H1 chart suggest up trend for the time being. A consistent close above $1.1812 on
H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1760 on H1 chart will
check further supports.
EUR / USD
1.1760
1.1737
1.1700
1.1680
Buy Above 1.1810
1.1832
1.1785
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1780
1.1761
1.1805
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JULY,
2
021
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3720
R2 S2
1.3748
R3 S3
1.3767
R4
Commentary
S4
1.3797
Buy Above 1.3722
1.3750
1.3685
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3680
1.3655
1.3710
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The Sterling recovers sharply from previous losses and stabilizes back above $1.3700
mark. Today pair made intraday high at $1.3716 and low at $1.3690 mark.Aday chart is down and H1
chart with triple EMAsuggests bullish trend for the time being.Asustained close above $1.3720 on H1
chart will check key resistances. Alternatively, a consistent close below $1.3672 will check further
supports.
USD
1.3672
1.3640
1.3615
1.3580
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JULY,
2
021
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
1.2632
R2 S2
1.2655
R3 S3
1.2678
R4
Commentary
S4
1.2704
Buy Above 1.2600
1.2633
1.2568
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2556
1.2510
1.2586
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The Canadian dollar appreciated sharply in previous session and currently starts a new
day on a slightly lower note. Today pair made intraday high at 1.2584 and low at 1.2548 mark. Today a
day chart is up but H1 chart with triple EMA suggests bearish trend for the time being. A sustained
close above 1.2633 on H1 chart requires for the upside rally. Alternatively, a consistent close below
1.2540 on H1 chart will check key supports too.
USD /CAD
1.2525
1.2490
1.2472
1.2455
JULY,
2
021
7. BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
110.32
R2 S2
110.50
R3 S3
110.76
R4
Commentary
S4
111.04
Buy Above 110.32
110.55
110.01
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.92
109.71
110.20
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen trades slightly higher on Thursday and stabilizes above 110.00 mark.
The pair made intraday high at 110.29 and low at 110.08 mark. The triple EMA on a day chart and H1
chart suggests bullish trend for the time being. A sustained close above 110.32 on H1 chart requires
for the upside rally. Alternatively, a consistent close below 109.82 on H1 will check further key
supports
USD /JPY
109.70
109.42
109.10
108.78
JULY,
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
1806
R2 S2
1812
R3 S3
1818
R4
Commentary
S4
1824
Buy Above 1806
1811
1799
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1794
1787
1801
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
XAU/USD (GOLD): Gold depreciates noticeably on Thursday and slips back below $1,800 mark.
Today pair made intraday high at $1,804 and low $1,797 mark. A day chart and H1 chart with triple
EMA suggests bearish trend for the time being. A sustained close above $1,806 on H1 chart requires
for the upside rally.Alternatively, a consistent close below $1,792 will check further supports.
XAU [GOLD]
USD
/
1791
1786
1781
1776
JULY,
2
021
9. Thank
you!
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