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16 June, 2021
Daily Analysis Report
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Asian Bulle n: U.S. dollar trades marginally higher against major peers ahead of FOMC Interest Rate Decision, Asian stock markets in red, gold hovers around $1,860
mark
Key Headlines :
• New Zealand Current Account stands at -2.90B vs -2.59B previous release.
• Japan Core machinery Orders stand at 0.6 pct vs 3.7 pct previous release.
• Japan trade balance stands at 0.04T vs 0.08T previous release.
• Australia MI leading index m/m stands at -0.1 pct vs 0.2 pct previous release.
• South African President Cyril Ramaphosa - Johnson & Johnson would send 2 million COVID-19 vaccine doses to the country by the end of the June.
• New York Governor Andrew Cuomo - Li ing all state-mandated coronavirus restric ons a er repor ng that 70% of the state's adults have received at least
one dose of COVID-19 vaccine.
• The European Union plans to boost its early warning system and have a permanent capacity to produce about 300 million vaccines in the first six months to
avoid any health emergency.
• Slovenia Health Minister - Slovenia will allow a state of emergency declared over the COVID-19 pandemic to expire on Tuesday a er eight months.
• President Joe Biden will name Lina Khan, an an trust researcher focused on Big Tech's immense market power, to chair the U.S. Federal Trade Commission –
Reuters.
• U.S. Indices closed down ahead of FOMC Interest Rate Decision.
Economic Data Ahead:
• (0600 GMT/1130 IST) U.K. CPI, previous 1.5, expected 1.8.
• (0600 GMT/1130 IST) U.K. Core CPI, previous 1.3, expected 1.5.
• (0600 GMT/1130 IST) U.K. PPI Input, previous 1.2, expected 1.0.
• (0600 GMT/1130 IST) U.K. PPI Output, previous 0.4, expected 0.4.
• (0600 GMT/1130 IST) U.K. RPI, previous 2.9, expected 3.3.
• (0700 GMT/1230 IST) China Industrial Produc on, previous 9.8, expected 9.2.
• (0700 GMT/1230 IST) China Retail Sales, previous 17.7, expected 14.0.
• (0700 GMT/1230 IST) China Fixed Asset Investment, previous 19.9, expected 17.0.
• (0700 GMT/1230 IST) China Unemployment Rate, previous 5.1, expected 5.1.
• (0830 GMT/1400 IST) U.K. HPI, previous 10.2, expected 12.1.
• (1230 GMT/1800 IST) Canada CPI, previous 0.5, expected 0.4.
• (1230 GMT/1800 IST) Canada Core CPI, previous 0.5.
• (1230 GMT/1800 IST) U.S. Building Permits, previous 1.76M, expected 1.73M.
• (1230 GMT/1800 IST) U.S. Housing Starts, previous 1.57M, expected 1.64M.
• (1800 GMT/2330 IST) U.S. FOMC Interest Rate Decision, Previous 0.25, expected 0.25.
Economic Events Ahead:
• (1830 GMT/0000 IST) U.S. FOMC Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.02% to 90.56 points.
3. AUD / USD
BUY SELL
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JUNE,
2
021
Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7722
R2 S2
0.7740
R3 S3
0.7778
R4
Commentary
S4
0.7803
Buy Above 0.7705
0.7728
0.7675
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7671
0.7648
0.7702
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades flat on Wednesday and slips back below $0.77 mark. The pair made
intraday high at $0.7694 and low at $0.7682 mark. A day chart and H1 chart with triple EMA
suggests bearish trend for the time being. A sustained close above $0.7722 on H1 chart requires
for the upside rally. Alternatively, a consistent close below $0.7675 will check further supports.
0.7675
0.7640
0.7622
0.7590
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2132
R2 S2
1.2157
R3 S3
1.2176
R4
Commentary
S4
1.2205
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-
Time Frame: H1
EUR/USD: The euro trades marginally lower on Wednesday and trading around $1.2120 mark.
Today pair made intraday high at $1.2128 and low at $1.2119. Today triple EMA on a day chart is
up but H1 chart suggests bearish trend for the time being. A consistent close above $1.2132 on
H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2096 on H1 chart
will check further supports.
EUR / USD
1.2096
1.2062
1.2037
1.2006
Buy Above 1.2132
1.2149
1.2102
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2098
1.2068
1.2128
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2
021
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.4105
R2 S2
1.4127
R3 S3
1.4156
R4
Commentary
S4
1.4190
Buy Above 1.4100
1.4128
1.4068
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4060
1.4038
1.4093
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling trades in stiff boundaries ahead of U.K.’s Inflation data and remains well
supported below $1.4100 mark. The pair made intraday high at $1.4085 and low at $1.4076 mark.
A day chart suggests bullish trend but H1 chart with triple EMA suggests bearish trend for the time
being. A sustained close above $1.4105 on H1 chart will check key resistances. Alternatively, a
consistent close below $1.4041 will check further supports.
USD
1.4065
1.4040
1.4001
1.3978
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2
021
6. 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
1.2202
R2 S2
1.2226
R3 S3
1.2247
R4
Commentary
S4
1.2276
Buy Above 1.2202
1.2238
1.2173
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2160
1.2131
1.2197
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar falls gradually against U.S. dollar ahead of CPI data and hovers
around key resistance at 1.2190 mark. Today pair made intraday high at 1.2187 and low at 1.2175
mark. Today a day chart is bearish but H1 chart with triple EMA suggests bullish trend for the time
being. A sustained close above 1.2202 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 1.2175 on H1 chart will check key supports too.
USD /CAD
1.2175
1.2132
1.2100
1.2068
JUNE,
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
110.54
R3 S3
110.76
R4
Commentary
S4
110.98
Buy Above 110.20
110.45
109.88
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.85
109.55
110.15
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Wednesday as Core Machinery Orders
and Trade Balance data miss the expectations. The pair made intraday high at 110.14 and low at
110.01 mark. The triple EMA on a day and H1 chart suggests up trend for the time being. A
sustained close above 110.30 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 109.85 on H1 will check further key supports.
USD /JPY
109.85
109.57
109.20
108.82
JUNE,
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
1872
R2 S2
1878
R3 S3
1884
R4
Commentary
S4
1889
Buy Above 1862
1868
1855
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1851
1844
1860
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades in stiff boundaries ahead of big event for the week and that is
FOMC Monetary Policy Meeting. Today the pair made intraday high at $1,860 and low $1,853
mark. A day chart is up but H1 chart with triple EMA confirms down trend for the time being. A
sustained close above $1,870 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,852 will check further supports.
XAU [GOLD]
USD
/
1852
1847
1841
1836
JUNE,
2
021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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