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Asian Bulle n: U.S. dollar trades flat against major peers in the absence of key economic data; Asian stock markets mixed; gold flat
Asian Headlines:
• Australia AIG services index stands at 52.9 vs 51.4 previous release.
• China trade balance (USD) stands at 75.4B vs 58.4B previous release.
Economic Data Ahead:
• (0700 GMT/1230 IST) German industrial produc on, previous 1.6 pct, expected 1.8.
• (0800 GMT/1330 IST) Swiss foreign currency reserves, previous 871B.
• (0830 GMT/1400 IST) U.K. Halifax HPI, previous 0.3, expected 0.6.
• (0930 GMT/1500 IST) Euro Sen x investor confidence, previous -10, expected -11.9.
Economic Events Ahead:
• No key economic events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.04% to 90.76 points.
USD/JPY: The Japanese yen moves in s ff boundaries and hovers around 104.00 mark. A sustained close above 104.50 will take the parity higher towards key resistance
around 104.70, 104.90, 105.22, 105.64, 105.92, 106.22 and 106.76 mark respec vely. On the other side, a consistent close below 103.73 will drag the parity down
towards 103.65, 103.50, 103.17 and 102.80 marks respec vely.
AUD/USD: The Aussie trades flat on Monday and stabilizes around $0.7430 mark. The pair made intraday high at $0.7436 and low at $0.7424 marks. On the top side key
resistances are seen at $0.7456, $0.7476 and $0.7520 mark respec vely. On the other hand, a consistent close below $0.7415 will take the parity down towards key
supports around $0.7398, $0.7350, $0.7297, $0.7270, $0.7220 and $0.7190 mark respec vely.
NZD/USD: The Kiwi reverses previous gain against U.S. dollar and remains well supported below $0.71 mark. Pair made intraday high at $0.7049 and low at $0.7035
mark. Key resistances are seen at $0.7084, $0.7132 and $0.7157 mark respec vely. Alterna vely, a consistent close below $0.7018 will drag the parity down towards key
supports around $0.6960, $0.6922, $0.6850, $0.6783 and $0.6750 mark respec vely.
USD/INR: The Indian rupee trades marginally higher on Monday and trading around 73.70 mark. The pair made intraday high at 73.78 and low at 73.68 marks. A
sustained close below 73.42 marks will drag the parity down towards 73.20, 72.87, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at
74.02, 74.40, 74.65, 75.02, 75.27, 75.39 and 75.62 marks respec vely.
EUR/USD: The euro starts a new week on a flat note and remains well supported above $1.21 mark. The pair made intraday high at $1.2140 and low at $1.2118 mark. A
sustained close above $1.2140 tests key resistances at $1.2176, $1.22 and $1.2240 mark respec vely. On the other side, a sustained close below $1.21 will target key
supports around $1.2050, $1.1970, $1.1900, $1.1850, $1.1802, $1.1770, $1.1740, $1.1672, $1.1640, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound moves in rigid boundaries and stabilizes above $1.34 mark. Today pair made intraday high at $1.3437 and low at $1.3400 mark. A sustained close
above $1.3440 will drag the parity up towards $1.3478, $1.3498 and $1.3525 mark respec vely. Key support levels are seen at $1.3353, $1.3315, $1.3290, $1.3263,
$1.3222 and $1.3170 marks respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades flat at $1,840 mark on Monday. Today pair made intraday high at $1,839 and low at $1,833 mark. A sustained close above $1,840 requires
for the upside rally. On the other side, consistent close below $1,815 will check key supports as well. Key support levels are seen around $1,802, $1,787, $1,776, $1,764,
$1,758, $1,747, $1,740 and $1,720 mark respec vely. Key resistances are seen at $1,842, $1,848, $1,857, $1,876 and $1,882 marks respec vely.
XAG/USD (Silver): Silver trades flat and hovers around $24.10 mark. Today pair made intraday high at $24.24 and low at $24.01 mark. A sustained close above $24.10
requires for upside rally. Key support levels are seen at $23.82, $23.55, $23.35, $22.50 and $21.90 marks respec vely. Key resistances are seen at $24.10, $24.22, $24.78
and $25.02 marks respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXDECEMBER,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 0.74393 S1 0.74135
Buy Above 0.74416
0.74580
0.74120
0.74120
0.73984
0.74416
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.74472 S2 0.74056
R3 0.74601 S3 0.73927
R4 0.74809 S4 0.73719
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.74264
4. EUR / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 1.21612 S1 1.21098
Buy Above 1.21635
1.21881
1.21048
1.21048
1.20819
1.21635
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.21770 S2 1.20940
R3 1.22027 S3 1.20683
R4 1.22442 S4 1.20268
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.21355
DECEMBER,2020
5. GBP / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 1.35098 S1 1.34120
Buy Above 1.34792
1.35096
1.33918
1.33918
1.33538
1.34792
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.35401 S2 1.33817
R3 1.35890 S3 1.33328
R4 1.36682 S4 1.32536
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.34609
DECEMBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.28485 S1 1.27709
Buy Above 1.28098
1.28292
1.27587
1.27587
1.27404
1.28098
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.28724 S2 1.27470
R3 1.29112 S3 1.27082
R4 1.29739 S4 1.26455
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.28097
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 104.246 S1 103.858
Buy Above 104.446
104.646
103.687
103.687
103.470
104.446
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 104.365 S2 103.739
R3 104.559 S3 103.545
R4 104.872 S4 103.232
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
104.052
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1845.81 S1 1831.27
Buy Above 1844.63
1847.65
1833.08
1833.08
1828.86
1844.63
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1850.30 S2 1826.78
R3 1857.57 S3 1819.51
R4 S4 1807.75
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1838.54
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
1869.33
DECEMBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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