The document provides a daily analysis report from TPGlobalFX on December 18, 2020. It includes summaries of Asian market headlines, upcoming economic data releases and events, analysis and trading recommendations for various currency pairs and commodities, and disclaimers. Key points covered include the Bank of Japan keeping interest rates unchanged, mixed performance in Asian stock markets, upcoming data from Germany, the UK, Canada, and the US, and technical analysis on currency pairs like AUD/USD, EUR/USD, GBP/USD, and commodity pairs like XAU/USD and XAG/USD. Trading recommendations are provided with price targets and risk levels.

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18 December, 2020
Daily Analysis Report

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Asian Bulle n: Japanese yen falls gradually a er BOJ’s Policy Rate Decision, Asian stock markets mixed, gold back above $1,880 mark
Asian Headlines:
• BoJ keeps interest rate unchanged at -0.10 pct.
• New Zealand trade balance stands at 252M vs -472M previous release (expected 250M).
• New Zealand ANZ business confidence stands at 9.4 vs -6.9 previous release.
• U.K. GFK consumer confidence stands at -26 vs -33 previous release (expected -30).
Economic Data Ahead:
• (0700 GMT/1230 IST) Euro German PPI, previous 0.1, expected 0.1.
• (0700 GMT/1230 IST) U.K. retails sales, previous 1.2, expected -4.0.
• (0900 GMT/1430 IST) Euro German IFO business climate, previous 90.7, expected 90.2.
• (0900 GMT/1430 IST) Euro current account, previous 25.2B, expected 22.6B.
• (1100 GMT/1630 IST) U.K. industrial order expecta ons, previous -40, expected -30.
• (1330 GMT/1900 IST) Canada retail sales, previous 1.1, expected 0.1.
• (1330 GMT/1900 IST) Canada core retail sales, previous 1.0, expected 0.1.
• (1330 GMT/1900 IST) U.S. Current account, previous -171B, expected -190B.
Economic Events Ahead:
• (1200 GMT/1730 IST) U.K. BOE quarterly bulle n.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.18% to 89.99 points.
USD/JPY: The Japanese yen depreciates on Friday a er BOJ’s policy rate decision. A sustained close above 103.65 will take the parity higher towards key resistance around
104.22, 104.50, 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 103.06 will drag the parity
down towards 102.80, 102.45, 102.10 and 101.50 marks respec vely.
AUD/USD: The Aussie trades marginally lower and hovers around $0.7600 mark. The pair made intraday high at $0.7628 and low at $0.7597 marks. On the top side key
resistances are seen at $0.7628, $0.7654, $0.7676 and $0.77 mark respec vely. On the other hand, a consistent close below $0.7530 will take the parity down towards
key supports around $0.7450, $0.7398, $0.7350, $0.7297, $0.7270, $0.7220 and $0.7190 mark respec vely.
NZD/USD: The Kiwi remains almost unchanged a er trade balance and business confidence data. The pair made intraday high at $0.7152 and low at $0.7125 mark. Key
resistances are seen at $0.7157, $0.7176 and $0.7190 mark respec vely. Alterna vely, a consistent close below $0.71 will drag the parity down towards key supports
around $0.7040, $0.7002, $0.6960, $0.6922, $0.6850, $0.6783 and $0.6750 mark respec vely.
USD/INR: The Indian rupee moves in s ff boundaries and stabilizes around 73.50 mark. The pair made intraday high at 73.50 and low at 73.45 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 73.55, 74.02,
74.40, 74.65, 75.02, 75.27, 75.39 and 75.62 marks respec vely.
EUR/USD: The euro takes halt around $1.2272 mark. The pair made intraday high at $1.2271 and low at $1.2241 mark. A sustained close above $1.2265 tests key
resistances at $1.2272, $1.2304, $1.2332 and $2368 mark respec vely. On the other side, a sustained close below $1.2265 will target key supports around $1.2190,
$1.2122, $1.2090, $1.2050, $1.1970, $1.1900 and $1.1850 marks respec vely.
GBP/USD: The sterling erases previous gain against U.S. dollar and remains well supported below $1.3600 mark. Today pair made intraday high at $1.3590 and low at
$1.3519 mark. A sustained close above $1.3581 will drag the parity up towards $1.3624, $1.3648, $1.3672, $1.3699 and $1.3722 mark respec vely. Key support levels are
seen at $1.3490, $1.3430, $1.3375, $1.3322, $1.3290, $1.3263, $1.3222 and $1.3170 marks respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades flat on Friday and trading around $1,886 mark. Today pair made intraday high at $1,886 and low at $1,878 mark. A sustained close above
$1,885 requires for the upside rally. On the other side, consistent close below $1,840 will check key supports as well. Key support levels are seen around $1,832, $1,827,
$1,820, $1,812, $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 $1,887, $1,896, $1,905, $1,912, $1,924
and $1,937 marks respec vely.
XAG/USD (Silver): Silver trades slightly lower on Friday and trading around $25.85 mark. Today pair made intraday high at $26.07 and low at $25.71 mark. A sustained
close above $26.06 requires for upside rally. Key support levels are seen at $24.50, $23.82, $23.55, $23.35, $22.50 and $21.90 marks respec vely. Key resistances are
seen at $26.10, $26.18, $26.24, $26.48 and $26.62 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 0.76381 S1 0.75827
Buy Above 0.76424
0.76568
0.75709
0.75709
0.75492
0.76424
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.76553 S2 0.75655
R3 0.76830 S3 0.75378
R4 0.77279 S4 0.74929
Conclusion
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0.76104

4. EUR / USD
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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 1.22743 S1 1.22111
Buy Above 1.22797
1.22977
1.22116
1.22116
1.21884
1.22797
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.22939 S2 1.21915
R3 1.23255 S3 1.21599
R4 1.23767 S4 1.21087
Conclusion
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1.22427
DECEMBER,2020

5. GBP / USD
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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 1.36166 S1 1.35182
Buy Above 1.35789
1.36100
1.34694
1.34694
1.34342
1.35789
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.36471 S2 1.34877
R3 1.36963 S3 1.34385
R4 1.37760 S4 1.33588
Conclusion
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1.35674
DECEMBER,2020

6. USD /CAD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.27432 S1 1.26960
Buy Above 1.27702
1.27889
1.27049
1.27049
1.26763
1.27702
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.27578 S2 1.26814
R3 1.27814 S3 1.26578
R4 1.28196 S4 1.26196
Conclusion
+1 7754 366 970
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1.27196
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
DECEMBER,2020

7. USD /JPY
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 103.430 S1 102.904
Buy Above 103.698
103.878
103.149
103.149
102.976
103.698
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 103.592 S2 102.742
R3 103.855 S3 102.479
R4 104.280 S4 102.054
Conclusion
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103.167
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
DECEMBER,2020

8. XAU / [GOLD]USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1894.15 S1 1868.07
Buy Above 1892.72
1897.18
1866.54
1866.54
1861.89
1892.72
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1902.20 S2 1860.02
R3 1915.24 S3 1846.98
R4 S4 1825.89
Conclusion
+1 7754 366 970
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1881.11
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
1936.33
DECEMBER,2020

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you!
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