Successfully reported this slideshow.
Your SlideShare is downloading. ×

Daily Forex Technical Analysis Report - December 18, 2020

Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
18 December, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen falls gradually a er BOJ’s Policy Rate Decision, Asian...
AUD / USD
REPORTFROM:TPGLOBALFXDECEMBER,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA...
Advertisement

Check these out next

1 of 9 Ad
Advertisement

More Related Content

Slideshows for you (20)

Similar to Daily Forex Technical Analysis Report - December 18, 2020 (20)

Advertisement

More from TPGlobalFX (20)

Recently uploaded (20)

Advertisement

Daily Forex Technical Analysis Report - December 18, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 18 December, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen falls gradually a er BOJ’s Policy Rate Decision, Asian stock markets mixed, gold back above $1,880 mark Asian Headlines: • BoJ keeps interest rate unchanged at -0.10 pct. • New Zealand trade balance stands at 252M vs -472M previous release (expected 250M). • New Zealand ANZ business confidence stands at 9.4 vs -6.9 previous release. • U.K. GFK consumer confidence stands at -26 vs -33 previous release (expected -30). Economic Data Ahead: • (0700 GMT/1230 IST) Euro German PPI, previous 0.1, expected 0.1. • (0700 GMT/1230 IST) U.K. retails sales, previous 1.2, expected -4.0. • (0900 GMT/1430 IST) Euro German IFO business climate, previous 90.7, expected 90.2. • (0900 GMT/1430 IST) Euro current account, previous 25.2B, expected 22.6B. • (1100 GMT/1630 IST) U.K. industrial order expecta ons, previous -40, expected -30. • (1330 GMT/1900 IST) Canada retail sales, previous 1.1, expected 0.1. • (1330 GMT/1900 IST) Canada core retail sales, previous 1.0, expected 0.1. • (1330 GMT/1900 IST) U.S. Current account, previous -171B, expected -190B. Economic Events Ahead: • (1200 GMT/1730 IST) U.K. BOE quarterly bulle n. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.18% to 89.99 points. USD/JPY: The Japanese yen depreciates on Friday a er BOJ’s policy rate decision. A sustained close above 103.65 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 trades marginally lower and hovers around $0.7600 mark. The pair made intraday high at $0.7628 and low at $0.7597 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 $0.7530 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 remains almost unchanged a er trade balance and business confidence data. The pair made intraday high at $0.7152 and low at $0.7125 mark. Key resistances are seen at $0.7157, $0.7176 and $0.7190 mark respec vely. Alterna vely, a consistent close below $0.71 will drag the parity down towards key supports around $0.7040, $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 stabilizes around 73.50 mark. The pair made intraday high at 73.50 and low at 73.45 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 73.55, 74.02, 74.40, 74.65, 75.02, 75.27, 75.39 and 75.62 marks respec vely. EUR/USD: The euro takes halt around $1.2272 mark. The pair made intraday high at $1.2271 and low at $1.2241 mark. A sustained close above $1.2265 tests key resistances at $1.2272, $1.2304, $1.2332 and $2368 mark respec vely. On the other side, a sustained close below $1.2265 will target key supports around $1.2190, $1.2122, $1.2090, $1.2050, $1.1970, $1.1900 and $1.1850 marks respec vely. GBP/USD: The sterling erases previous gain against U.S. dollar and remains well supported below $1.3600 mark. Today pair made intraday high at $1.3590 and low at $1.3519 mark. A sustained close above $1.3581 will drag the parity up towards $1.3624, $1.3648, $1.3672, $1.3699 and $1.3722 mark respec vely. Key support levels are seen at $1.3490, $1.3430, $1.3375, $1.3322, $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 $1,886 mark. Today pair made intraday high at $1,886 and low at $1,878 mark. A sustained close above $1,885 requires for the upside rally. On the other side, consistent close below $1,840 will check key supports as well. Key support levels are seen around $1,832, $1,827, $1,820, $1,812, $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 $1,887, $1,896, $1,905, $1,912, $1,924 and $1,937 marks respec vely. XAG/USD (Silver): Silver trades slightly lower on Friday and trading around $25.85 mark. Today pair made intraday high at $26.07 and low at $25.71 mark. A sustained close above $26.06 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 $26.10, $26.18, $26.24, $26.48 and $26.62 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 0.76381 S1 0.75827 Buy Above 0.76424 0.76568 0.75709 0.75709 0.75492 0.76424 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.76553 S2 0.75655 R3 0.76830 S3 0.75378 R4 0.77279 S4 0.74929 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.76104
  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 1.22743 S1 1.22111 Buy Above 1.22797 1.22977 1.22116 1.22116 1.21884 1.22797 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.22939 S2 1.21915 R3 1.23255 S3 1.21599 R4 1.23767 S4 1.21087 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.22427 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 1.36166 S1 1.35182 Buy Above 1.35789 1.36100 1.34694 1.34694 1.34342 1.35789 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.36471 S2 1.34877 R3 1.36963 S3 1.34385 R4 1.37760 S4 1.33588 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.35674 DECEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.27432 S1 1.26960 Buy Above 1.27702 1.27889 1.27049 1.27049 1.26763 1.27702 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.27578 S2 1.26814 R3 1.27814 S3 1.26578 R4 1.28196 S4 1.26196 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.27196 Trend Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 DECEMBER,2020
  7. 7. USD /JPY REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 103.430 S1 102.904 Buy Above 103.698 103.878 103.149 103.149 102.976 103.698 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 103.592 S2 102.742 R3 103.855 S3 102.479 R4 104.280 S4 102.054 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 103.167 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 1894.15 S1 1868.07 Buy Above 1892.72 1897.18 1866.54 1866.54 1861.89 1892.72 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1902.20 S2 1860.02 R3 1915.24 S3 1846.98 R4 S4 1825.89 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1881.11 Trends Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 1936.33 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

×