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Asian Bulle n: Euro strengthens sharply a er ECB’s Monetary Policy Statement, Asian stock markets mixed, gold stabilizes below $1,840 mark
Asian Headlines:
• New Zealand manufacturing index stands at 55.3 vs 52.4 previous release.
• New Zealand FPI stands at -0.9 pct vs -0.7 pct previous release.
Economic Data Ahead:
• (0900 GMT/1430 IST) Italy industrial produc on, previous -5.6, expected 1.1.
• (0930 GMT/1500 IST) U.K. consumer infla on expecta ons, previous 2.8.
• (1330 GMT/1900 IST) U.S. PPI, previous 0.3, expected 0.1.
• (1330 GMT/1900 IST) U.S. Core PPI, previous 0.1, expected 0.2.
• (1500 GMT/2030 IST) U.S. Prelim UoM consumer sen ment, previous 76.9, expected 76.1.
Economic Events Ahead:
• (0700 GMT/1230 IST) BOE Financial stability report.
• (0700 GMT/1230 IST) U.K. FPC Mee ng minutes.
• (0700 GMT/1230 IST) U.K. FPC Statement.
• (0830 GMT/1400 IST) BOE Governor Bailey’s speech.
• All Day Euro Summit Day 2.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.18% to 90.66 points.
USD/JPY: The Japanese yen rises no ceably in early Asia and slips below 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 strengthens extremely against U.S. dollar on Friday and hits highest level since June 2018. The pair made intraday high at $0.7571 and low at
$0.7522 marks. On the top side key resistances are seen at $0.7571, $0.7590, $0.7622 and $0.7650 mark respec vely. On the other hand, a consistent close below
$0.7532 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 rises in early Asia and touches $0.7113 mark. It is the highest level since April 2018. Pair made intraday high at $0.7113 and low at $0.7089 mark. Key
resistances are seen at $0.7132, $0.7157 and $0.7190 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 sharply against U.S. dollar and hovers around 73.50 mark. The pair made intraday high at 73.69 and low at 73.52 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 remained highly vola le a er ECB kept interest rate unchanged but agreed to expand the bank's corona virus-related quan ta ve easing program.
ECB raised Pandemic Emergency Purchase Programme (PEPP) by €500bn to a total of €1.85 trillion. The pair made intraday high at $1.2160 and low at $1.2133 mark. A
sustained close above $1.2140 tests key resistances at $1.2176, $1.2240 and $1.2285 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 recovers slightly from previous losses and stabilizes above $1.33 mark. Today pair made intraday high at $1.3324 and low at $1.3285 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 $1.3290, $1.3263,
$1.3222 and $1.3170 marks respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades flat on Friday and trading around $1,837 mark. Today pair made intraday high at $1,840 and low at $1,834 mark. A sustained close above
$1,840 requires for the upside rally. On the other side, consistent close below $1,836 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 exhibits range bound movement and consolidates around $24.00 mark. Today pair made intraday high at $24.06 and low at $23.88 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.
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 0.75432 S1 0.74564
Buy Above 0.75793
0.75935
0.74941
0.74941
0.74717
0.75793
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.75700 S2 0.74296
R3 0.76134 S3 0.73862
R4 0.76836 S4 0.73160
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.74998
4. 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 1.21571 S1 1.20861
Buy Above 1.21699
1.21884
1.21098
1.21098
1.20896
1.21699
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.21790 S2 1.20642
R3 1.22145 S3 1.20287
R4 1.22719 S4 1.19713
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.21216
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 1.33789 S1 1.32523
Buy Above 1.33547
1.33885
1.32614
1.32614
1.32310
1.33547
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.34181 S2 1.32131
R3 1.34814 S3 1.31498
R4 1.35839 S4 1.30473
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.33156
DECEMBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.28045 S1 1.27109
Buy Above 1.27834
1.28028
1.27045
1.27045
1.26790
1.27834
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.28333 S2 1.26821
R3 1.28801 S3 1.26353
R4 1.29557 S4 1.25597
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.27577
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 104.473 S1 104.125
Buy Above 104.153
104.248
103.859
103.859
103.747
104.153
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 104.580 S2 104.018
R3 104.754 S3 103.844
R4 105.035 S4 103.563
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
104.299
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 1846.44 S1 1830.18
Buy Above 1845.19
1850.72
1827.99
1827.99
1823.10
1845.19
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1851.47 S2 1825.15
R3 1859.60 S3 1817.02
R4 S4 1803.86
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1838.31
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
1872.76
DECEMBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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