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Daily Forex Technical Analysis Report - December 14, 2020

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Daily Forex Technical Analysis Report - December 14, 2020

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Let's review all the major instrument analysis including: #audusd #eurusd #gbpusd #usdcad #usdjpy #gold #xauusd

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  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 14 December, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen remains almost unchanged despite robust economic indicators, Asian stock markets mixed, gold flat Asian Headlines: • Japan Tankan Manufacturing index stands at -10 vs -27 previous release (expected -16). • Japan industrial produc on stands at 4.0 pct vs 3.8 pct previous release. • Japan Tankan Non - Manufacturing index stands at -10 vs -27 previous release (expected -16). • U.K. HPI stands at -0.6 pct vs -0.5 pct previous release. • China house price y/y stands at 4.0 pct vs 4.3 pct previous release. Economic Data Ahead: • (0700 GMT/1230 IST) German WPI, previous -0.2, expected 0.2. • (1000 GMT/1530 IST) Euro Industrial Produc on, previous -0.4, expected 1.8. Economic Events Ahead: • (1100 GMT/1630 IST) German Buba monthly report. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.19% to 90.80 points. USD/JPY: The Japanese yen moves in s ff boundaries despite robust economic 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 trades marginally lower on Monday and hovers around $0.7535 mark. The pair made intraday high at $0.7558 and low at $0.7524 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 $0.7530 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 trades flat and stabilizes around $0.7085 mark. Pair made intraday high at $0.7102 and low at $0.7078 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 strengthens against U.S. dollar and hovers around 73.50 mark. The pair made intraday high at 73.68 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 starts a new week on flat mode but remains well supported above $1.21 mark. The pair made intraday high at $1.2143 and low at $1.2115 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 pair opened gap up on Monday from $1.3217 to $1.3355 mark. Today pair made intraday high at $1.3357 and low at $1.3290 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 exhibits range bound movement and consolidates around $1,837 mark. Today pair made intraday high at $1,839 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 moves in s ff boundaries and trading around $23.90 mark. Today pair made intraday high at $24.00 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.
  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 0.75615 S1 0.75221 Buy Above 0.75693 0.75892 0.74996 0.74996 0.74763 0.75693 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.75737 S2 0.75099 R3 0.75934 S3 0.74902 R4 0.76253 S4 0.74583 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.75418
  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 1.21484 S1 1.21044 Buy Above 1.21514 1.21645 1.20960 1.20960 1.20807 1.21514 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.21619 S2 1.20909 R3 1.21839 S3 1.20689 R4 1.22194 S4 1.20334 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.21264 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 1.33019 S1 1.31567 Buy Above 1.33672 1.33987 1.32758 1.32758 1.32453 1.33672 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.33468 S2 1.31118 R3 1.34194 S3 1.30392 R4 1.35369 S4 1.29217 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.32293 DECEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.27859 S1 1.27301 Buy Above 1.27834 1.28028 1.27302 1.27302 1.27078 1.27834 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.28032 S2 1.27128 R3 1.28311 S3 1.26849 R4 1.28763 S4 1.26397 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.27580 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 104.211 S1 103.861 Buy Above 104.189 104.360 103.800 103.800 103.650 104.189 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 104.320 S2 103.752 R3 104.495 S3 103.577 R4 104.779 S4 103.293 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 104.036 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 1846.13 S1 1828.09 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 1851.70 S2 1822.52 R3 1860.72 S3 1813.50 R4 S4 1798.91 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1837.11 Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 1875.31 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

Description

Let's review all the major instrument analysis including: #audusd #eurusd #gbpusd #usdcad #usdjpy #gold #xauusd

Transcript

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 14 December, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen remains almost unchanged despite robust economic indicators, Asian stock markets mixed, gold flat Asian Headlines: • Japan Tankan Manufacturing index stands at -10 vs -27 previous release (expected -16). • Japan industrial produc on stands at 4.0 pct vs 3.8 pct previous release. • Japan Tankan Non - Manufacturing index stands at -10 vs -27 previous release (expected -16). • U.K. HPI stands at -0.6 pct vs -0.5 pct previous release. • China house price y/y stands at 4.0 pct vs 4.3 pct previous release. Economic Data Ahead: • (0700 GMT/1230 IST) German WPI, previous -0.2, expected 0.2. • (1000 GMT/1530 IST) Euro Industrial Produc on, previous -0.4, expected 1.8. Economic Events Ahead: • (1100 GMT/1630 IST) German Buba monthly report. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.19% to 90.80 points. USD/JPY: The Japanese yen moves in s ff boundaries despite robust economic 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 trades marginally lower on Monday and hovers around $0.7535 mark. The pair made intraday high at $0.7558 and low at $0.7524 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 $0.7530 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 trades flat and stabilizes around $0.7085 mark. Pair made intraday high at $0.7102 and low at $0.7078 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 strengthens against U.S. dollar and hovers around 73.50 mark. The pair made intraday high at 73.68 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 starts a new week on flat mode but remains well supported above $1.21 mark. The pair made intraday high at $1.2143 and low at $1.2115 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 pair opened gap up on Monday from $1.3217 to $1.3355 mark. Today pair made intraday high at $1.3357 and low at $1.3290 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 exhibits range bound movement and consolidates around $1,837 mark. Today pair made intraday high at $1,839 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 moves in s ff boundaries and trading around $23.90 mark. Today pair made intraday high at $24.00 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.
  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 0.75615 S1 0.75221 Buy Above 0.75693 0.75892 0.74996 0.74996 0.74763 0.75693 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.75737 S2 0.75099 R3 0.75934 S3 0.74902 R4 0.76253 S4 0.74583 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.75418
  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 1.21484 S1 1.21044 Buy Above 1.21514 1.21645 1.20960 1.20960 1.20807 1.21514 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.21619 S2 1.20909 R3 1.21839 S3 1.20689 R4 1.22194 S4 1.20334 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.21264 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 1.33019 S1 1.31567 Buy Above 1.33672 1.33987 1.32758 1.32758 1.32453 1.33672 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.33468 S2 1.31118 R3 1.34194 S3 1.30392 R4 1.35369 S4 1.29217 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.32293 DECEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.27859 S1 1.27301 Buy Above 1.27834 1.28028 1.27302 1.27302 1.27078 1.27834 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.28032 S2 1.27128 R3 1.28311 S3 1.26849 R4 1.28763 S4 1.26397 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.27580 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 104.211 S1 103.861 Buy Above 104.189 104.360 103.800 103.800 103.650 104.189 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 104.320 S2 103.752 R3 104.495 S3 103.577 R4 104.779 S4 103.293 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 104.036 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 1846.13 S1 1828.09 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 1851.70 S2 1822.52 R3 1860.72 S3 1813.50 R4 S4 1798.91 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1837.11 Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 1875.31 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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