DAILY ANALYSIS REPORT DECEMBER 10 2021

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10 December 2021
Daily Analysis Report

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Asian Bulle n: Japanese yen remains almost unchanged despite higher than expected PPI results, Asian stock markets in red, gold remains well supported above $1,770
mark
Key Headlines:
• New Zealand Business Manufacturing Index stands at 50.6 vs 54.2 previous release.
• Japan PPI stands at 9.0 pct vs 8.3 pct previous release.
• The European Union needs to rethink its budget framework and alter deficit rules to encourage post-pandemic investment and foster growth as the world
seeks to emerge from the COVID-19 crisis, French President Emmanuel Macron said on Thursday – Reuters.
• Wall Street closed lower on Thursday as investors banked some profits a er three straight days of gains and turned their focus toward upcoming infla on data
and how it might influence the Federal Reserve's mee ng next week – Reuters.
• The Bank of Canada will leave its infla on target at 2% in a framework renewal to be announced soon, but will include new language on the importance of
employment to the economy, a source familiar with the process said on Thursday – Reuters.
• Nasdaq and the S&P 500 were losing ground on Thursday as investors banked some profits a er three straight days of gains and turned their focus toward
upcoming infla on data and how it might influence the Federal Reserve's mee ng next week – Reuters.
• Laboratory studies released this week suggest that the Omicron variant of the coronavirus will blunt the power of Pfizer and BioNTech's vaccine to prevent
COVID-19 infec on a er two doses, although a third dose may restore that protec on – Reuters.
• Britain's finance firms have began issuing an array of updated work from home guidance to staff a er the government toughened up rules – Reuters.
• South Africa's fourth COVID-19 wave linked to the Omicron coronavirus variant produced a record 22,391 new cases, but only 22 deaths, the Na onal Ins tute
for Communicable Diseases said in its daily update on Thursday – Reuters.
• U.S. regulatorson Thursday expanded eligibility for COVID-19 vaccine booster shots to 16- and 17-year-olds, as public health officials have urged Americans to
get a third shot due to concerns about the new Omicron variant of the virus – Reuters.
• Britain is experiencing it worst ever outbreak of bird flu, farming and environment minister George Eus ce told parliament on Thursday – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. GDP, previous 0.6, expected 0.4.
• (0700 GMT/1230 IST) U.K. Trade Balance, previous -14.7B, expected -14.5B.
• (0700 GMT/1230 IST) U.K. Industrial Produc on, previous -0.1, expected 0.2.
• (0900 GMT/1430 IST) Italy Industrial Produc on, previous 0.1, expected 0.3.
• (0930 GMT/1500 IST) U.K. Consumer Infla on Expecta ons, previous 2.7.
• (1330 GMT/1900 IST) U.S. CPI, previous 0.9, expected 0.7.
• (1330 GMT/1900 IST) U.S. Core CPI, previous 0.6, expected 0.5.
• (1500 GMT/2030 IST) U.S. Prelim UoM Consumer Sen ment, previous 67.4, expected 67.9.
Economic Events Ahead:
• (0905 GMT/1435 IST) ECB President Lagarde Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.08% to 96.19 points.

3. AUD / USD
BUY SELL
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DECEMBER,
2021
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
0.7172
R2 S2
0.7199
R3 S3
0.7222
R4
Commentary
S4
0.7240
Buy Above 0.7162
0.7185
0.7138
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7130
0.7104
0.7152
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades slightly higher on Friday and trading around $0.7150 mark. Today pair
made intraday high at $0.7155 and low at $0.7132 mark. A day chart is down and H1 chart with triple
EMA suggests up trend for the time being. A sustained close above $0.7161 on H1 chart requires for
the upside rally.Alternatively, a consistent close below $0.7130 will check further supports.
0.7130
0.7115
0.7090
0.7070

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1320
R2 S2
1.1350
R3 S3
1.1376
R4
Commentary
S4
1.1399
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-
Time Frame: H1
EUR/USD: The Euro trades flat on Friday during Asian hours ahead of ECB President Lagarde’s
speech and hovers around $1.1300 mark. The pair made intraday high at $1.1301 and low at $1.1287
mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A
consistent close above $1.1320 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.1280 on H1 chart will check further supports.
EUR / USD
1.1272
1.1248
1.1221
1.1197
Buy Above 1.1310
1.1337
1.1286
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1277
1.1251
1.1302
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,
2021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3237
R2 S2
1.3262
R3 S3
1.3278
R4
Commentary
S4
1.3299
Buy Above 1.3240
1.3260
1.3212
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3210
1.3178
1.3232
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling trades marginally higher ahead of U.K.’s GDP data and trading around
$1.3230 mark. Today pair made intraday high at $1.3233 and low at $1.3212 mark. A day chart is
down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$1.3237 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3210 will
check further supports.
USD
1.3210
1.3190
1.3168
1.3140
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above 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
1.2721
R2 S2
1.2740
R3 S3
1.2765
R4
Commentary
S4
1.2778
Buy Above 1.2721
1.2740
1.2696
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2681
1.2650
1.2704
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD rises in early Asian hours and stabilizes around 1.2700 mark. The pair made
intraday high at 1.2718 and low at 1.2692 mark. Today a day chart and H1 chart with triple EMA
suggest up trend for the time being. A sustained close above 1.2721 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2676 on H1 chart will check key supports too.
USD /CAD
1.2676
1.2632
1.2612
1.2600
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
113.60
R2 S2
113.91
R3 S3
114.26
R4
Commentary
S4
114.58
Buy Above 113.60
113.88
113.31
– Take Profit
– Stop Loss
Trade Idea
Sell Below 113.26
112.99
113.54
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen remains almost unchanged despite robust PPI data and hovers around
113.50 mark. The pair made intraday high at 113.51 and low at 113.33 mark. The triple EMA on a day
chart is up and H1 chart suggests down trend for the time being. A sustained close above 113.60 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 113.30 on H1 chart will
check further key supports.
USD /JPY
113.30
112.90
112.62
112.37
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
1799
Buy Above 1781
1787
1776
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1774
1767
1778
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): The Gold starts a new day on a positive note ahead of U.S. inflation results and
remains well supported above $1,770 mark. Today pair made intraday high at $1,779 and low at
$1,775 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A
sustained close above $1,780 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,774 will check further supports. U.S. Calendar will be hectic as CPI, Core CPI and
Prelim UoM Consumer Sentiment data provide further directions to the parity.
XAU [GOLD]
USD
/
1772
1764
1758
1752
DECEMBER,
2021

9. Thank
you!
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