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Asian Bulle n: U.S. dollar appreciates no ceably against major peers, Asian stock markets mixed, gold hits fresh 6 – week high at $1,902 mark
Asian Headlines:
• New Zealand Credit Card spending stands at -5.6 pct vs -6.0 pct previous release.
Economic Data Ahead:
• (1100 GMT/0430 IST) CBI realized sales, previous -25, expected 3.
• (1330 GMT/1900 IST) Canada New Housing Price Index, previous 0.8, expected 0.9.
• (1500 GMT/2030 IST) Euro Consumer confidence, previous -18, expected -18.
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 up 0.45% to 90.42 points.
USD/JPY: The Japanese yen trades marginally higher on Monday. 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 reverses previous gain against U.S. dollar and trading around $0.7565 mark. The pair made intraday high at $0.7606 and low at $0.7562 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 depreciates on Monday and slips below $0.71 mark. The pair made intraday high at $0.7123 and low at $0.7084 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 starts a new week on lower note. The pair made intraday high at 73.71 and low at 73.50 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 weakens on Monday and stabilizes around $1.2180 mark. The pair made intraday high at $1.2235 and low at $1.2178 mark. A sustained close above
$1.2196 tests key resistances at $1.2272, $1.2304, $1.2332 and $2368 mark respec vely. On the other side, a sustained close below $1.2150 will target key supports
around $1.2122, $1.2090, $1.2050, $1.1970, $1.1900 and $1.1850 marks respec vely.
GBP/USD: The pair opened gap down on Monday indica ng the sharp falls in sterling. Today pair made intraday high at $1.3440 and low at $1.3335 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 $1.3322, $1.3290,
$1.3263, $1.3222 and $1.3170 marks respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold strengthens on Monday and jumps back above $1,900 mark. Today pair made intraday high at $1,902 and low at $1,881 mark. A sustained close
above $1,902 requires for the upside rally. On the other side, consistent close below $1,881 will check key supports as well. Key support levels are seen around $1,872,
$1,847, $1,832, $1,827, $1,820, $1,812, $1,802 and $1,787 mark respec vely. Key resistances are seen at $1,905, $1,912, $1,924 and $1,937 marks respec vely.
XAG/USD (Silver): Silver spikes up sharply and touches $27.04 mark in Asian hours. Today pair made intraday high at $27.04 and low at $25.80 mark. A sustained close
above $27.06 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
$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 0.76277 S1 0.75929
Buy Above 0.76098
0.76251
0.75492
0.75492
0.75355
0.76098
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.76385 S2 0.75821
R3 0.76559 S3 0.75647
R4 0.76841 S4 0.75365
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.76103
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 1.22675 S1 1.22323
Buy Above 1.22170
1.22364
1.21595
1.21595
1.21442
1.22170
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.22784 S2 1.22214
R3 1.22960 S3 1.22038
R4 1.23245 S4 1.21753
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.22499
DECEMBER,2020
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 1.35653 S1 1.34743
Buy Above 1.34259
1.34562
1.33143
1.33143
1.32796
1.34259
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.35934 S2 1.34462
R3 1.36389 S3 1.34007
R4 1.37125 S4 1.33271
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.35198
DECEMBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.27962 S1 1.27338
Buy Above 1.28659
1.28781
1.27892
1.27892
1.27684
1.28659
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.28156 S2 1.27144
R3 1.28468 S3 1.26832
R4 1.28974 S4 1.26326
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.27650
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 103.520 S1 103.112
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 103.646 S2 102.986
R3 103.850 S3 102.782
R4 104.180 S4 102.452
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
103.316
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
DECEMBER,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1887.15 S1 1877.77
Buy Above 1903.58
1907.84
1866.54
1866.54
1861.89
1903.58
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1890.05 S2 1874.87
R3 1894.74 S3 1870.18
R4 S4 1862.59
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1882.46
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
1902.33
DECEMBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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