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09 December, 2020
Daily Analysis Report

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Asian Bulle n: Aussie strengthens sharply in early Asia; most Asian stock markets in green; Bank of Canada’s Interest Rate Decision in focus; gold down
Asian Headlines:
• New Zealand manufacturing sales stands at 10.0 pct vs -11.9 pct previous release.
• Australia Westpac consumer sen ment stands at 4.1 pct vs 2.5 pct previous release.
• Japan core machinery orders stands at 17.1 pct vs -4.4 pct previous release.
• Japan M2 money stock stands at 9.1 pct vs 9.0 pct previous release.
• China CPI stands at -0.5 pct vs 0.5 pct previous release.
• China PPI stands at -1.5 pct vs -2.1 pct previous release.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Trade balance, previous 17.8B, expected 18.7B previous release.
• (1500 GMT/2030 IST) BoC Interest Rate Decision, previous 0.25, expected 0.25.
• (1500 GMT/2030 IST) U.S. JOLTS job openings, previous 6.44M, expected 6.30M.
Economic Events Ahead:
• No key 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 down 0.16% to 90.82 points.
USD/JPY: The Japanese yen trades flat despite robust core machinery orders data. 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 rises gradually on higher than previous Westpac consumer sen ment data. The pair made intraday high at $0.7444 and low at $0.7404 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 $0.7409 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 appreciates on Wednesday and stabilizes above $0.7050 mark. Pair made intraday high at $0.7065 and low at $0.7034 mark. Key resistances are seen
at $0.7084, $0.7132 and $0.7157 mark respec vely. Alterna vely, a consistent close below $0.7040 will drag the parity down towards key supports around $0.7002,
$0.6960, $0.6922, $0.6850, $0.6783 and $0.6750 mark respec vely.
USD/INR: The Indian rupee strengthens against U.S. dollar and hovers around 73.50 mark. The pair made intraday high at 73.69 and low at 73.51 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 trades marginally higher and remains well supported above $1.21 mark. The pair made intraday high at $1.2129 and low at $1.2099 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 remained highly vola le in previous session and currently trading around $1.3376 mark. Today pair made intraday high at $1.3381 and low at
$1.3345 mark. A sustained close above $1.3350 will drag the parity up towards $1.3428, $1.3478, $1.3498 and $1.3525 mark respec vely. Key support levels are seen at
$1.3315, $1.3290, $1.3263, $1.3222 and $1.3170 marks respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold failed to break key resistance at $1,876 mark and weakens on Wednesday. Today pair made intraday high at $1,870 and low at $1,855 mark. A
sustained close above $1,870 requires for the upside rally. On the other side, consistent close below $1,838 will check key supports as well. Key support levels are seen
around $1,822, $1,810, $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 $1,876, $1,882, $1,888, $1,894
and $1,902 marks respec vely.
XAG/USD (Silver): Silver moves in s ff boundaries and trading around $24.32 mark. Today pair made intraday high at $24.59 and low at $24.23 mark. A sustained close
above $24.55 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 $24.78,
$25.02, $25.37, $25.50 and $25.62 marks respec vely.

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 0.74275 S1 0.74001
Buy Above 0.74567
0.74690
0.74024
0.74024
0.73897
0.74567
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.74360 S2 0.73916
R3 0.74497 S3 0.73779
R4 0.74719 S4 0.73557
Conclusion
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0.74138

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 1.21254 S1 1.20960
Buy Above 1.21401
1.21562
1.20951
1.20951
1.20739
1.21401
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.21345 S2 1.20869
R3 1.21492 S3 1.20722
R4 1.21730 S4 1.20484
Conclusion
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1.21107
DECEMBER,2020

GBP / 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 1.33855 S1 1.33059
Buy Above 1.34150
1.34438
1.33269
1.33269
1.33015
1.34150
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.34101 S2 1.32813
R3 1.34499 S3 1.32415
R4 1.35143 S4 1.31771
Conclusion
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1.33457
DECEMBER,2020

USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.28256 S1 1.27812
Buy Above 1.28290
1.28466
1.27790
1.27790
1.27646
1.28290
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.28392 S2 1.27676
R3 1.28614 S3 1.27454
R4 1.28972 S4 1.27096
Conclusion
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1.28034
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,2020

USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 104.197 S1 104.005
Buy Above 104.263
104.367
103.927
103.927
103.813
104.263
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 104.256 S2 103.946
R3 104.352 S3 103.850
R4 104.507 S4 103.695
Conclusion
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104.101
Trends UP Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
DECEMBER,2020

XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1874.26 S1 1862.76
Buy Above 1868.60
1873.32
1853.45
1853.45
1848.17
1868.60
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1877.81 S2 1859.21
R3 1883.56 S3 1853.46
R4 S4 1844.16
Conclusion
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1868.51
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
1892.86
DECEMBER,2020

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