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Asian Bulle n: U.S. dollar trades flat against major peers ahead of key economic indicators, Asian stock markets in green, gold stabilizes above $1,860 mark
Asian Headlines:
• Australia private sector credit m/m stands at 0.1 pct vs 0.0 pct previous release (expected 0.1).
• Australia housing credit stands at 0.3 pct vs 0.3 pct previous release.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Import Prices m/m, previous 0.3, expected 0.3.
• (1330 GMT/1900 IST) Canada GDP m/m, previous 0.8, expected 0.3.
• (1330 GMT/1900 IST) U.S. Durable goods orders, previous 1.3, expected 0.6.
• (1330 GMT/1900 IST) U.S. Core Durable goods orders, previous 1.3, expected 0.5.
• (1330 GMT/1900 IST) U.S. personal income, previous -0.7, expected -0.3.
• (1330 GMT/1900 IST) U.S. personal spending, previous 0.5, expected -0.2.
• (1330 GMT/1900 IST) U.S. Unemployment claims weekly, previous 885K, expected 882K.
• (1400 GMT/1930 IST) U.S. HPI, previous 1.7, expected 0.6.
• (1500 GMT/2030 IST) U.S. new home sales, previous 999K, expected 994K.
• (1500 GMT/2030 IST) U.S. Revised UoM consumer sen ment, previous 81.4, expected 81.0.
Economic Events Ahead:
• (1400 GMT/1930 IST) Swiss SNB Quarterly bulle n.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.23% to 90.45 points.
USD/JPY: The Japanese yen exhibits range bound movement and stabilizes around 103.50 mark. A sustained close above 103.50 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 reverses previous loss on Wednesday and jumps back above
$0.7550 mark. The pair made intraday high at $0.7555 and low at $0.7516 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 $0.7520 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 con nues to trade marginally higher and hovers around $0.7050 mark. The pair made intraday high at $0.7056 and low at $0.7030 mark. Key
resistances are seen at $0.7122, $0.7157, $0.7176 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 moves in s ff boundaries and remains well supported below 74.00 mark. The pair made intraday high at 73.96 and low at 73.87 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 fails to find support below $1.2150 mark. The pair made intraday high at $1.2191 and low at $1.2154 mark. A sustained close above $1.2240 tests key
resistances at $1.2272, $1.2304, $1.2332 and $2368 mark respec vely. On the other side, a sustained close below $1.2160 will target key supports around $1.2122,
$1.2090, $1.2050, $1.1970, $1.1900 and $1.1850 marks respec vely.
GBP/USD: The sterling rises slightly on Wednesday and stabilizes above $1.34 mark. Today pair made intraday high at $1.3412 and low at $1.3347 mark. A sustained close
above $1.3457 will drag the parity up towards $1.3499, $1.3554, $1.3624, $1.3648, $1.3672, $1.3699 and $1.3722 mark respec vely. Key support levels are seen at
$1.3322, $1.3290, $1.3263, $1.3222 and $1.3170 marks respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades marginally higher at $1,866 mark on Wednesday. Today pair made intraday high at $1,867 and low at $1,860 mark. A sustained close above
$1,860 requires for the upside rally. On the other side, consistent close below $1,860 will check key supports as well. Key support levels are seen around $1,855, $1,847,
$1,832, $1,827, $1,820, $1,812, $1,802 and $1,787 mark respec vely. Key resistances are seen at $1,885, $1,905, $1,912, $1,924 and $1,937 marks respec vely.
XAG/USD (Silver): Silver trades flat on Wednesday and stabilizes above $25.00 mark. Today pair made intraday high at $25.48 and low at $25.06 mark. A sustained close
above $26.50 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
$27.26, $27.44, $27.62, $27.74 and $27.98 marks respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXDECEMBER,2020
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 0.75713 S1 0.75147
Buy Above 0.75822
0.76039
0.75144
0.75144
0.74899
0.75822
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.75888 S2 0.74972
R3 0.76171 S3 0.74689
R4 0.76629 S4 0.74231
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.75430
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 1.22302 S1 1.21500
Buy Above 1.22262
1.22549
1.21330
1.21330
1.20984
1.22262
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.22549 S2 1.21253
R3 1.22950 S3 1.20852
R4 1.23598 S4 1.20204
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.21901
DECEMBER,2020
5. 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 1.34401 S1 1.33137
Buy Above 1.34742
1.35223
1.33265
1.33265
1.32715
1.34742
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.34792 S2 1.32746
R3 1.35424 S3 1.32114
R4 1.36447 S4 1.31091
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.33769
DECEMBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.29295 S1 1.28579
Buy Above 1.29407
1.29702
1.28272
1.28272
1.27870
1.29407
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.29517 S2 1.28357
R3 1.29875 S3 1.27999
R4 1.30455 S4 1.27419
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.28937
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
DECEMBER,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 103.710 S1 103.364
Buy Above 103.745
103.897
103.273
103.273
103.111
103.745
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 103.817 S2 103.257
R3 103.900 S3 103.084
R4 104.270 S4 102.804
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
103.537
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 1877.30 S1 1857.96
Buy Above 1876.51
1881.92
1858.76
1858.76
1854.70
1876.51
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1883.28 S2 1851.98
R3 1892.95 S3 1842.31
R4 S4 1826.66
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1867.63
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
1908.60
DECEMBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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