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Daily Forex Technical Analysis Report - December 09, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
09 December, 2020
Daily Analysis Report

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+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie strengthens sharply in early Asia; most Asian stock markets ...

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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 09, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 09 December, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com 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.
  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 0.74275 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 +1 7754 366 970 analysis@tpglobalfx.com 0.74138
  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 1.21254 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 +1 7754 366 970 analysis@tpglobalfx.com 1.21107 DECEMBER,2020
  5. 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 1.33855 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 +1 7754 366 970 analysis@tpglobalfx.com 1.33457 DECEMBER,2020
  6. 6. 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 +1 7754 366 970 analysis@tpglobalfx.com 1.28034 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 104.197 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 +1 7754 366 970 analysis@tpglobalfx.com 104.101 Trends UP Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 DECEMBER,2020
  8. 8. 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 +1 7754 366 970 analysis@tpglobalfx.com 1868.51 Trends Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 1892.86 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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