Daily Forex Technical Analysis Report - January 25, 2021

+1 7754 366 970
analysis@tpglobalfx.com
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25 January, 2021
Daily Analysis Report

+1 7754 366 970
Asian Bulle n: Euro slightly up as focus turns on ECB President Lagarde’s speech, Asian stock markets in green, gold stabilizes above $1,850 mark
Key Headlines:
• Thailand announced to sell $2B of Government Savings Bonds next month to help economy.
• China’s Covid cases boost sharply, oil prices in concern.
• Covid situa on severe in Europe, France probably go for locked down extension in February.
Economic Data Ahead:
• (0900 GMT/1430 IST) Euro German IFO business climate, previous 92.1, expected 91.5.
• (1400 GMT/1930 IST) China CB leading Index, previous 1.2.
• (1400 GMT/1930 IST) Euro Belgian NBB business climate, previous -8.4, expected -8.0.
Economic Events Ahead:
• (0845 GMT/1415 IST) ECB President Lagarde’s Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.12% to 90.13 points.

AUD / USD
BUY SELL
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JANUARY,
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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
0.7762
R2 S2
0.7799
R3 S3
0.7820
R4
Commentary
S4
0.7854
Buy Above 0.77458
0.77721
0.77163
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77079
0.76859
0.77392
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
AUD/USD: The Aussie exhibits range bound movement against U.S. dollar and consolidates
around $0.7750 mark. The daily trend of the parity likely to be upside as both RSI and EMA
support it too. The pair faces key hurdle at $0.7799 mark. In the absence of key fundamental
events from Australia, pair likely to move in stiﬀ boundaries.
0.7701
0.7660
0.7590
0.7520

BUY SELL
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JANUARY,
2
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Technical Summary
Trends Up Trend
H 1
RSI (Period=26)
FIBO Levels PIVOT
R1 S1
1.2198
R2 S2
1.2232
R3 S3
1.2265
R4
Commentary
S4
1.2309
Buy Above 1.21913
1.22171
1.21600
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.21534
1.21262
1.21887
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
EUR/USD: The euro starts a new week on slightly positive note. Today ECB President Lagarde is
scheduled to speak, which will provide further direction to the parity. Here, the EMA and RSI
signal the upside trend for the time being. A sustained break below $1.2074 only will take the
parity down towards key supports. Alternatively, a successful close above key resistance at
$1.2182 will test key resistances too.
EUR / USD
1.2151
1.2128
1.2074
1.2040
Above RSI LEVEL 50

BUY SELL
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JANUARY,
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Technical Summary
Trends Up Trend
H 1
FIBO Levels PIVOT
R1 S1
1.3745
R2 S2
1.3776
R3 S3
1.3802
R4
Commentary
S4
1.3844
Buy Above 1.37158
1.37354
1.36901
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.36704
1.36458
1.36980
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
GBP/USD: The pound trades marginally higher on Monday and hovers around $1.3700 mark. The
pair made intraday high at $1.3708 and low at $1.3669 mark. A sustained close above $1.3730
requires for the upside rally. Alternatively, a consistent close below $1.3672 will drag the parity
down.
GBP / USD
1.3672
1.3635
1.3552
1.3490

BUY SELL
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JANUARY,
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Technical Summary
Trends Up Trend
Moving Average (Period=75A) Above MA
H 1
FIBO Levels PIVOT
R1 S1
1.2740
R2 S2
1.2783
R3 S3
1.2822
R4
Commentary
S4
1.2848
Buy Above 1.27346
1.27644
1.27006
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26900
1.26625
1.27174
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
USD/CAD: The Canadian dollar enjoys roller-coaster movement against U.S. dollar and stabilizes
around $1.2700 mark. Today pair made intraday high at 1.2734 and low at 1.2697 mark. The
technical tool like EMA conﬁrms the downside trend for the long run.
USD /CAD
1.2672
1.2630
1.2570
1.2537

BUY SELL
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Technical Summary
Trends Up Trend
H 1
FIBO Levels PIVOT
R1 S1
104.22
R2 S2
104.90
R3 S3
105.40
R4
Commentary
S4
105.94
Buy Above 103.927
104.128
103.741
– Take Profit
– Stop Loss
Trade Idea
Sell Below 103.601
103.455
103.808
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
USD/JPY: The Japanese yen rises on Monday and remains well supported below 104.00 mark. A
sustained close above 104.22 requires for the upside rally. Technical tool like EMA indicates
downside trend for the long run. Alternatively, a consistent close below 103.48 will test key
supports too.
USD /JPY
103.28
102.90
102.45
102.10

BUY SELL
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JANUARY,
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Technical Summary
Trends Up Trend
H 1
FIBO Levels PIVOT
R1 S1
1862
R2 S2
1867
R3 S3
1872
R4
Commentary
S4
1885
Buy Above 1861.61
1869.49
1853.88
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1847.24
1839.00
1856.56
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
XAU/USD (GOLD): Gold remains slightly volatile on Monday and stabilizes above $1,850 mark.
Today pair made intraday high at $1,860 and low at 1,852 mark. A sustained close above $1,872
requires for the upside rally. Alternatively, current downside trend will check key supports too. The
key ranges for the gold will be $1,862 - $1,852 mark. A sustained close of either side will give
further direction to the parity.
XAU [GOLD]
USD
/
1848
1840
1832
1820

Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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Daily Forex Technical Analysis Report - January 25, 2021

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