DAILY ANALYSIS REPORT DECEMBER 02 2021

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02 December 2021
Daily Analysis Report

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Asian Bulle n: Aussie remains vola le a er Retail Sales, Trade balance results; most Asian stock markets in green, gold stabilizes below $1,780 mark
Key Headlines:
• New Zealand overseas trade index stands at 0.7 pct vs 3.2 pct previous release.
• Japan Monetary base stands at 9.3 pct vs 9.9 pct previous release.
• Australia Trade Balance stands at 11.22B vs 11.82B previous release.
• Australia Retail Sales remain unchanged at 4.9 pct.
• U.S. ADP Job results came with posi ve numbers but failed to bring vola lity to the FX markets.
• Wall Street's major averages fell more than 1% on Wednesday a er a morning rally faded as investor angst about the latest coronavirus variant soared with
the first U.S. case confirma on while the market also digested Fed comments on infla on – Reuters.
• Jack Dorsey-led payments company Square Inc said on Wednesday it was changing its name to Block Inc – Reuters.
• Former President Donald Trump's new social media venture is seeking to raise up to $1 billion by selling shares to hedge funds and family offices at several
mes the valua on it commanded in a deal with a blank-check acquisi on firm in October, two people familiar with the ma er said – Reuters.
• President Joe Biden's pick for a seat on the Federal Communica ons Commission told a U.S. Senate Commi ee on Wednesday she does not back government
regula on of broadband rates – Reuters.
• The United States on Wednesday iden fied its first known COVID case caused by the Omicron variant, discovered in a fully vaccinated pa ent who traveled to
South Africa, as scien sts con nue to study the risks the new version could pose – Reuters.
• Moderna Inc could have a COVID-19 booster shot targe ng the Omicron variant tested and ready to file for U.S. authoriza on as soon as March, the
company's president said on Wednesday – Reuters.
• Italy's medicines agency AIFA on Wednesday gave the go-ahead for the use of Pfizer - BioNTech's COVID-19 vaccine for children between the ages of five and
11 – Reuters.
Economic Data Ahead:
• (0730 GMT/1300 IST) Swiss Retail Sales, previous 2.5, expected 2.2.
• (0800 GMT/1330 IST) Spain Unemployment Change, previous -0.7K, expected 5.3K.
• (0900 GMT/1430 IST) Italy Unemployment Rate, previous 9.2, expected 9.1.
• (1000 GMT/1530 IST) Euro PPI, previous 2.7, expected 3.6.
• (1000 GMT/1530 IST) Euro Unemployment Rate, previous 7.4, expected 7.3.
• (1230 GMT/1800 IST) U.S. Challenger Job Cuts, Previous -71.7 pct.
• (1330 GMT/1900 IST) U.S. Unemployment Claims Weekly, previous 199K, expected 238K.
Economic Events Ahead:
• All Day – OPEC – JMMC Mee ngs.
• (1400 GMT/1930 IST) U.S. Treasury Sec Yellen Speaks.
• (1630 GMT/2200 IST) U.S. FOMC Member Barkin, Bos c and Daly Speak.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.09% to 95.95 points.

3. AUD / USD
BUY SELL
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DECEMBER,
2021
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
0.7131
R2 S2
0.7157
R3 S3
0.7178
R4
Commentary
S4
0.7199
Buy Above 0.7131
0.7155
0.7099
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7089
0.7067
0.7116
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD:TheAussie trades marginally higher in earlyAsian after flatTrade balance and Retail sales
data. Today pair made intraday high at $0.7119 and low at $0.7094 mark. A day chart and H1 chart
with triple EMA suggest down trend for the time being. A sustained close above $0.7131 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7089 will check further
supports.
0.7089
0.7062
0.7032
0.7015

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1347
R2 S2
1.1376
R3 S3
1.1399
R4
Commentary
S4
1.1432
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-
Time Frame: H1
EUR/USD: The Euro moves in rigid boundaries and consolidates around $1.1320 mark. Today pair
made intraday high at $1.1339 and low at $1.1312. Today triple EMA on a day chart is down and H1
chart suggests up trend for the time being. Aconsistent close above $1.1347 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.1300 on H1 chart will check further
supports.
EUR / USD
1.1299
1.1278
1.1248
1.1221
Buy Above 1.1347
1.1370
1.1320
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1300
1.1274
1.1321
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
DECEMBER,
2021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3312
R2 S2
1.3326
R3 S3
1.3354
R4
Commentary
S4
1.3378
Buy Above 1.3312
1.3340
1.3282
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3272
1.3241
1.3298
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling recovers slightly from previous losses and hovers around $1.3300 mark.
Today pair made intraday high at $1.3305 and low at $1.3266 mark. A day chart and H1 chart with
triple EMAsuggest bearish trend for the time being.Asustained close above $1.3312 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.3270 will check further supports.
USD
1.3270
1.3238
1.3209
1.3184
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,
2021

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
1.2840
R2 S2
1.2876
R3 S3
1.2904
R4
Commentary
S4
1.2938
Buy Above 1.2830
1.2854
1.2806
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2791
1.2756
1.2815
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The CAD falls gradually against U.S. dollar and jumps back above 1.2800 mark. The pair
made intraday high at 1.2828 and low at 1.2797 mark. Today a day chart and H1 chart with triple EMA
suggest bullish trend for the time being. A sustained close above 1.2822 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2777 on H1 chart will check key supports too.
USD /CAD
1.2777
1.2750
1.2721
1.2701
DECEMBER,
2021

7. BUY SELL
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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
113.15
R2 S2
113.55
R3 S3
113.78
R4
Commentary
S4
113.99
Buy Above 113.15
113.48
112.84
– Take Profit
– Stop Loss
Trade Idea
Sell Below 112.78
112.55
113.01
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen starts a new day on a lower note as economic calendar is empty for the
Japan today. The pair made intraday high at 113.10 and low at 112.62 mark. The triple EMA on a day
chart is up and H1 chart suggests bearish trend for the time being.Asustained close above 113.15 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 112.62 on H1 chart will
check further key supports.
USD /JPY
112.62
112.37
112.10
111.82
DECEMBER,
2021

8. 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
1784
R2 S2
1789
R3 S3
1794
R4
Commentary
S4
1801
Buy Above 1784
1790
1778
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1774
1768
1778
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold falls on Thursday and hovers around $1,780 mark. Today pair made
intraday high at $1,783 and low at $1,777 mark. A day chart and H1 chart with triple EMA suggests
down trend for the time being. A sustained close above $1,782 on H1 chart requires for the upside
rally.Alternatively, a consistent close below $1,776 will check further supports.
XAU [GOLD]
USD
/
1771
1764
1758
1752
DECEMBER,
2021

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