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10 December, 2020
Daily Analysis Report

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Asian Bulle n: Euro trades marginally higher ahead on ECB’s Interest Rate Decision, Asian stock markets mixed, gold flat at $1,840 mark
Asian Headlines:
• Japan BSI manufacturing index stands at 21.6 vs 0.1 previous release (expected 3.5).
• Japan PPI stands at -2.2 vs -2.1 previous release (expected -2.2).
• Australia MI infla on expecta ons stand at 3.5 pct vs 3.5 pct previous release.
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. GDP m/m, previous 1.1, expected 0.4.
• (0700 GMT/1230 IST) U.K. goods trade balance, previous -9.3B, expected -9.6B.
• (0700 GMT/1230 IST) U.K. manufacturing produc on, previous 0.2, expected 0.3.
• (0700 GMT/1230 IST) U.K. industrial produc on, previous 0.5, expected 0.3.
• (1245 GMT/1815 IST) Euro Interest rate decision, previous 0.00, expected 0.00.
• (1330 GMT/1900 IST) U.S. CPI, previous 0.00, expected 0.1.
• (1330 GMT/1900 IST) U.S. Core CPI, previous 0.00, expected 0.1.
Economic Events Ahead:
• (1330 GMT/1900 IST) ECB Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.11% to 90.98 points.
USD/JPY: The Japanese yen rises on Thursday and 104.50 mark in early Asia. 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 sharply against U.S. dollar on Thursday. The pair made intraday high at $0.7479 and low at $0.7424 marks. On the top side key resistances are
seen at $0.7485, $0.7520 and $0.7570 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 remained highly vola le in previous session and recovers previous losses too. Pair made intraday high at $0.7042 and low at $0.7010 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 rises against U.S. dollar and hovers around 73.60 mark. The pair made intraday high at 73.73 and low at 73.60 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 ahead of ECB’s interest rate decision. The pair made intraday high at $1.2100 and low at $1.2073 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 spikes down sharply in early Asian hours as Brexit deal deadline is coming near. Today pair made intraday high at $1.3412 and low at $1.3311 mark.
A sustained close above $1.34 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 depreciated sharply in previous early U.S. session and touched $1,825 mark. Today pair made intraday high at $1,842 and low at $1,833 mark. A
sustained close above $1,840 requires for the upside rally. On the other side, consistent close below $1,838 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 $1,840, $1,847, $1,862, $1,876,
$1,882, $1,888, $1,894 and $1,902 marks respec vely.
XAG/USD (Silver): Silver recovers previous losses and jumps back above $24.00 mark. Today pair made intraday high at $24.06 and low at $23.84 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 0.74741 S1 0.74127
Buy Above 0.74891
0.75057
0.74268
0.74268
0.74074
0.74891
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.74931 S2 0.73937
R3 0.75238 S3 0.73630
R4 0.75735 S4 0.73133
Conclusion
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0.74434

EUR / 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 1.21291 S1 1.20615
Buy Above 1.21179
1.21361
1.20726
1.20726
1.20583
1.21179
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.21501 S2 1.20405
R3 1.21839 S3 1.20067
R4 1.22387 S4 1.19519
Conclusion
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1.20953
DECEMBER,2020

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 1.33457 S1 1.33059
Buy Above 1.34160
1.34438
1.33269
1.33269
1.32973
1.34160
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.33855 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 1.28310 S1 1.27822
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 1.28461 S2 1.27671
R3 1.28705 S3 1.27427
R4 1.29100 S4 1.27032
Conclusion
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1.28066
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 104.358 S1 104.088
Buy Above 104.512
104.687
104.083
104.083
103.940
104.512
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 104.441 S2 104.005
R3 104.576 S3 103.870
R4 104.794 S4 103.652
Conclusion
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104.223
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 1862.56 S1 1827.96
Buy Above 1850.68
1856.35
1828.48
1828.48
1823.54
1850.68
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1873.24 S2 1817.28
R3 1890.54 S3 1799.98
R4 S4 1722.00
Conclusion
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1845.26
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
1918.52
DECEMBER,2020

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