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Daily Forex Technical Analysis Report - December 07, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
07 December, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar trades flat against major peers in the absence of key ec...
AUD / USD
REPORTFROM:TPGLOBALFXDECEMBER,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA...
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Daily Forex Technical Analysis Report - December 07, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 07 December, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar trades flat against major peers in the absence of key economic data; Asian stock markets mixed; gold flat Asian Headlines: • Australia AIG services index stands at 52.9 vs 51.4 previous release. • China trade balance (USD) stands at 75.4B vs 58.4B previous release. Economic Data Ahead: • (0700 GMT/1230 IST) German industrial produc on, previous 1.6 pct, expected 1.8. • (0800 GMT/1330 IST) Swiss foreign currency reserves, previous 871B. • (0830 GMT/1400 IST) U.K. Halifax HPI, previous 0.3, expected 0.6. • (0930 GMT/1500 IST) Euro Sen x investor confidence, previous -10, expected -11.9. Economic Events Ahead: • No key economic 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 up 0.04% to 90.76 points. USD/JPY: The Japanese yen moves in s ff boundaries and hovers around 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 trades flat on Monday and stabilizes around $0.7430 mark. The pair made intraday high at $0.7436 and low at $0.7424 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 $0.7415 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 reverses previous gain against U.S. dollar and remains well supported below $0.71 mark. Pair made intraday high at $0.7049 and low at $0.7035 mark. Key resistances are seen at $0.7084, $0.7132 and $0.7157 mark respec vely. Alterna vely, a consistent close below $0.7018 will drag the parity down towards key supports around $0.6960, $0.6922, $0.6850, $0.6783 and $0.6750 mark respec vely. USD/INR: The Indian rupee trades marginally higher on Monday and trading around 73.70 mark. The pair made intraday high at 73.78 and low at 73.68 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 starts a new week on a flat note and remains well supported above $1.21 mark. The pair made intraday high at $1.2140 and low at $1.2118 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 moves in rigid boundaries and stabilizes above $1.34 mark. Today pair made intraday high at $1.3437 and low at $1.3400 mark. A sustained close above $1.3440 will drag the parity up towards $1.3478, $1.3498 and $1.3525 mark respec vely. Key support levels are seen at $1.3353, $1.3315, $1.3290, $1.3263, $1.3222 and $1.3170 marks respec vely. Commodity Trend: XAU/USD (GOLD): Gold trades flat at $1,840 mark on Monday. Today pair made intraday high at $1,839 and low at $1,833 mark. A sustained close above $1,840 requires for the upside rally. On the other side, consistent close below $1,815 will check key supports as well. Key support levels are seen around $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 $1,842, $1,848, $1,857, $1,876 and $1,882 marks respec vely. XAG/USD (Silver): Silver trades flat and hovers around $24.10 mark. Today pair made intraday high at $24.24 and low at $24.01 mark. A sustained close above $24.10 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 $24.10, $24.22, $24.78 and $25.02 marks respec vely.
  3. 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 0.74393 S1 0.74135 Buy Above 0.74416 0.74580 0.74120 0.74120 0.73984 0.74416 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.74472 S2 0.74056 R3 0.74601 S3 0.73927 R4 0.74809 S4 0.73719 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.74264
  4. 4. 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 1.21612 S1 1.21098 Buy Above 1.21635 1.21881 1.21048 1.21048 1.20819 1.21635 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.21770 S2 1.20940 R3 1.22027 S3 1.20683 R4 1.22442 S4 1.20268 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.21355 DECEMBER,2020
  5. 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 1.35098 S1 1.34120 Buy Above 1.34792 1.35096 1.33918 1.33918 1.33538 1.34792 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.35401 S2 1.33817 R3 1.35890 S3 1.33328 R4 1.36682 S4 1.32536 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.34609 DECEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.28485 S1 1.27709 Buy Above 1.28098 1.28292 1.27587 1.27587 1.27404 1.28098 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.28724 S2 1.27470 R3 1.29112 S3 1.27082 R4 1.29739 S4 1.26455 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.28097 Trend Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 DECEMBER,2020
  7. 7. USD /JPY REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 104.246 S1 103.858 Buy Above 104.446 104.646 103.687 103.687 103.470 104.446 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 104.365 S2 103.739 R3 104.559 S3 103.545 R4 104.872 S4 103.232 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 104.052 Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 DECEMBER,2020
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1845.81 S1 1831.27 Buy Above 1844.63 1847.65 1833.08 1833.08 1828.86 1844.63 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1850.30 S2 1826.78 R3 1857.57 S3 1819.51 R4 S4 1807.75 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1838.54 Trends Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 1869.33 DECEMBER,2020
  9. 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com REPORTFROM:TPGLOBALFX /tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia. Disclamer: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note

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