Daily Analysis-Report-February-26-2021

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26 February, 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar strengthens against major peers on strong bond yield prices, Asian stock markets remarkably down, gold hovers around $1,760 mark
Key Headlines:
• New Zealand trade balance stands at -626M vs 69M previous release (expected -630M).
• Japan Tokyo core CPI stands at -0.3 pct vs -0.4 pct previous release (expected -0.4).
• Japan prelim industrial produc on stands at 4.2 pct vs -1.0 pct previous release (expected 3.9).
• Japan retail sales stands at -2.4 pct vs -0.2 pct previous release (expected -2.6).
• Australia private sector credit stands at 0.2 pct vs 0.3 pct previous release (expected 0.3).
• Singapore bank lending stands at 683.6B vs 678.7B previous release.
• U.S. dollar strengthens against major peers on robust bond yields on the hope for huge fiscal s mulus amid unchanged Fed Monetary Policy.
• PBoC Policy Adviser - China’s GDP could grow 8 – 9 pct in 2021 under “usual circumstances”, and by over 15% year-on-year in the first quarter.
• South Korea launched its COVID - 19 inocula on campaign today, health workers will be on the priority list to give vaccina on.
• Oil prices no ceably lower on expecta ons of more supply will take in place to the market.
• Biden disappointed as U.S. Senate excludes his proposal of $15 an hour minimum wage in a $1.9T coronavirus bill.
• U.S. President Joe Biden spoke with Saudi Arabia’s King Salman on Thursday, stressing the importance of human rights and vowing to make the rela onship
between the two countries stronger and more transparent – Reuters.
• Fed's Williams - GDP growth this year could be strongest in decades.
• Fed's Williams - Fed will remain commi ed to using our full range of tools to help assure that the recovery will be as robust as possible.
• India issues new regulatory rules on Facebook and WhatsApp; decision took place a er Twi er recently ignored Government orders to drop content related to
farmers’ protests.
• French Prime Minister Jean Castex - Government would impose measures including weekend lockdowns in Paris and 19 other regions from the start of March
if signs of the coronavirus accelera ng persist.
Economic Data Ahead:
• (0700 GMT/1230 IST) German import price, previous 0.6, expected 1.1.
• (0745 GMT/1315 IST) France consumer spending, previous 23.0, expected -3.5.
• (0745 GMT/1315 IST) France Prelim CPI, previous 0.2, expected -0.3.
• (0745 GMT/1315 IST) France Prelim GDP, previous -1.3, expected -1.3.
• (0800 GMT/1330 IST) Swiss KOF Economic Barometer, previous 96.5, expected 96.5.
• (0800 GMT/1330 IST) Swiss GDP, previous 7.2, expected 0.0.
• (0800 GMT/1330 IST) Spain Flash CPI, previous 0.5, expected 0.6.
• (1330 GMT/1900 IST) U.S. personal income, previous 0.6, expected 9.4.
• (1330 GMT/1900 IST) U.S. personal spending, previous -0.2, expected 2.6.
• (1330 GMT/1900 IST) U.S. goods trade balance, previous -82.5B, expected -83.0B.
• (1330 GMT/1900 IST) Canada RMPI, previous 3.5, expected 2.9.
• (1445 GMT/2015 IST) U.S. Chicago PMI, previous 63.8, expected 61.0.
• (1500 GMT/2030 IST) U.S. Revised UoM consumer sen ment, previous 76.2, expected 76.5.
• (1500 GMT/2030 IST) U.S. Revised UoM Infla on expecta ons, previous 3.3.
Economic Events Ahead:
• (1230 GMT/1800 IST) U.K. MPC member Ramsden Speaks.
• All Day – G20 Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.17% to 90.28 points.

3. AUD / USD
BUY SELL
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FEBRUARY,
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021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Belowe MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7875
R2 S2
0.7940
R3 S3
0.7967
R4
Commentary
S4
0.8056
Buy Above 0.79004
0.79250
0.78740
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.78233
0.77937
0.78508
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie erases previous gain against U.S. dollar and touches $0.7823 mark is
Asian hours. In previous session, pair jumped above $0.8000 mark but failed to find support
above it. A day chart with triple EMA still suggests bullish trend in long run but on H1 chart, triple
EMA confirms bearish trend for the time being. A sustained close above $0.7875 on H1 chart
requires for the upside rally. Alternatively, current downside movement will check further supports
too.
0.7822
0.7799
0.7767
0.7712

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2190
R2 S2
1.2242
R3 S3
1.2266
R4
Commentary
S4
1.2323
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-
Time Frame: H1
EUR/USD: The euro trades marginally lower on Friday and consolidates around $1.2150 mark.
The pair made intraday high at $1.2183 and low at $1.2127 mark. The triple EMA on H1 suggests
bearish trend, while a Day chart confirms the bullish trend in long run. The expected range for the
parity will be $1.2190 to $1.2084 mark. A sustained close of either side on H1 chart will provide
further direction to the parity.
EUR / USD
1.2122
1.2084
1.2020
1.1961
FEBRUARY,
2
021
Buy Above 1.21841
1.22070
1.21619
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.21364
1.21059
1.21749
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Belowe MA
RSI (Period=26) Below RSI LEVEL 50

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.4034
R2 S2
1.4086
R3 S3
1.4120
R4
Commentary
S4
1.4168
Buy Above 1.40496
1.40906
1.39911
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.39462
1.39078
1.39941
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling weakens sharply on Friday and hovers around $1.3950 mark in Asia
hours. The H1 chart with triple EMA confirms the short term trend reversal while a Day chart
suggests the bullish trend in long run. The key boundaries for the parity will be $1.39 to $1.4034
mark. A sustained close of either side on H1 chart requires for the further outlook of the parity.
USD
1.3900
1.3856
1.3815
1.3750
FEBRUARY,
2
021
GBP/
Trends Down Trend
Moving Average (Period=75) Belowe MA
RSI (Period=26) Below RSI LEVEL 50

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
1.2653
R2 S2
1.2684
R3 S3
1.2710
R4
Commentary
S4
1.2751
Buy Above 1.26827
1.26644
1.25913
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.25651
1.25329
1.26002
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar falls drastically and breaks key resistance at 1.2610 mark in
Asian hours. The pair made intraday high at 1.2649 and low at 1.2587 mark. A day chart still
signals a bearish trend for a short run. While triple EMA on H1 suggests up trend for the time
being. The expected range of the parity will be 1.2653 to 1.2570 mark. A sustained close of either
side on H1 chart requires for the further trend confirmation.
USD /CAD
1.2570
1.2522
1.2490
1.2467
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
106.40
R2 S2
106.78
R3 S3
107.22
R4
Commentary
S4
107.38
Buy Above 106.304
106.597
105.970
– Take Profit
– Stop Loss
Trade Idea
Sell Below 105.873
105.583
106.188
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen depreciates in early Asia despite robust industrial production and
retail sales data. The day as well as H1 chart with triple EMA suggests bullish trend. A sustained
close above 106.40 on H1 chart requires for the upside rally. Alternatively, a successful break
below 105.70 will drag the parity back below 105.00 mark.
USD /JPY
105.70
105.22
104.92
104.55
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
1787
R2 S2
1794
R3 S3
1802
R4
Commentary
S4
1808
Buy Above 1779.17
1786.03
1769.56
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1762.10
1757.25
1769.80
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold weakens extremely and touches $1,765 mark during Asian time. Here a
day as well as H1 chart suggests the down trend for the time being. A sustained close below
$1,761 on H1 chart requires for the downside rally. Alternatively, reversal from here will take the
parity back above $1,800 mark. An immediate resistance is seen at $1,787 mark. A consistent
close above $1,787 on a day chart requires for the upside rally. Later today, U.S. has schedule to
release many key economic indicators. This may bring high volatility and further direction to the
parity.
XAU [GOLD]
USD
/
1761
1754
1747
1740
FEBRUARY,
2
021

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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