Daily Forex Technical Analysis Report - December 22, 2020

T

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

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REPORTFROM:TPGLOBALFX
22 December, 2020
Daily Analysis Report
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Asian Bulle n: U.S. dollar remains highly vola le against major peers on new virus report, most Asian stock markets in red, gold stabilizes around $1,880 mark
Asian Headlines:
• Australia retail sales stands at 7.0 pct vs 1.4 pct previous release (expected 2.1).
• South Korea PPI stands at 0.0 pct vs 0.2 pct previous release (expected -1.0).
Economic Data Ahead:
• (0700 GMT/1230 IST) German GFK consumer climate, previous -6.7, expected -8.7.
• (0700 GMT/1230 IST) U.K. Current account, previous -2.8B, expected -12.9B.
• (0700 GMT/1230 IST) U.K. Final GDP, previous 15.5, expected 15.5.
• (1330 GMT/1900 IST) U.S. Final GDP, previous 33.1, expected 33.1.
• (1500 GMT/2030 IST) U.S. exis ng home sales, previous 6.85M, expected 6.70M.
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 0.16% to 90.19 points.
USD/JPY: The Japanese yen trades marginally lower on Tuesday and trading around 103.50 mark. A sustained close above 103.50 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 depreciates on Tuesday and remains well supported below $0.76 mark. The pair made intraday high at $0.7591 and low at $0.7554 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 con nues to trade lower and hovers around $0.7050 mark. The pair made intraday high at $0.7105 and low at $0.7059 mark. Key resistances are seen
at $0.7122, $0.7157, $0.7176 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 trades flat on Tuesday and stabilizes around 73.87 mark. The pair made intraday high at 73.93 and low at 73.87 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 moves in s ff boundaries and jumps back above $1.22 mark. The pair made intraday high at $1.2249 and low at $1.2224 mark. A sustained close
above $1.2240 tests key resistances at $1.2272, $1.2304, $1.2332 and $2368 mark respec vely. On the other side, a sustained close below $1.2240 will target key
supports around $1.2190, $1.2150, $1.2122, $1.2090, $1.2050, $1.1970, $1.1900 and $1.1850 marks respec vely.
GBP/USD: The sterling weakens on Tuesday and stabilizes above $1.34 mark. Today pair made intraday high at $1.3469 and low at $1.3403 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 trades flat at $1,880 mark on Tuesday. Today pair made intraday high at $1,884 and low at $1,875 mark. A sustained close above $1,885 requires
for the upside rally. On the other side, consistent close below $1,876 will check key supports as well. Key support levels are seen around $1,862, $1,855, $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 trades slightly up and stabilizes above $26.00 mark in Asian hours. Today pair made intraday high at $26.58 and low at $26.09 mark. A sustained
close above $26.50 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.
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 0.76061 S1 0.74957
Buy Above 0.76098
00.76333
0.75228
0.75228
0.74990
0.76098
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.76402 S2 0.74616
R3 0.76954 S3 0.74064
R4 0.77847 S4 0.73171
Conclusion
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0.75509
EUR / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Reversing UP Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 1.22551 S1 1.21609
Buy Above 1.22608
1.22881
1.21755
1.21755
1.21442
1.22608
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.22841 S2 1.21319
R3 1.23312 S3 1.20848
R4 1.24073 S4 1.20087
Conclusion
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1.22080
DECEMBER,2020
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 1.35010 S1 1.32640
Buy Above 1.34742
1.35223
1.33265
1.33265
1.32578
1.34742
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.35743 S2 1.31907
R3 1.36928 S3 1.30722
R4 1.38846 S4 1.28804
Conclusion
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1.33825
DECEMBER,2020
USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.29322 S1 1.28002
Buy Above 1.28999
1.29440
1.28002
1.28002
1.27551
1.28999
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.29729 S2 1.27595
R3 1.30389 S3 1.26395
R4 1.31456 S4 1.25868
Conclusion
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1.28662
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
DECEMBER,2020
USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 103.714 S1 103.226
Buy Above 103.656
103.829
103.176
103.176
103.007
103.656
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 103.864 S2 103.076
R3 104.108 S3 102.832
R4 104.502 S4 102.348
Conclusion
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103.470
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
DECEMBER,2020
XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1899.05 S1 1859.63
Buy Above 1890.41
1896.85
1869.42
1869.42
1863.27
1890.41
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1911.23 S2 1847.45
R3 1930.94 S3 1827.74
R4 S4 1795.85
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1879.34
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
1962.83
DECEMBER,2020
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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Daily Forex Technical Analysis Report - December 22, 2020

  • 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 22 December, 2020 Daily Analysis Report
  • 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar remains highly vola le against major peers on new virus report, most Asian stock markets in red, gold stabilizes around $1,880 mark Asian Headlines: • Australia retail sales stands at 7.0 pct vs 1.4 pct previous release (expected 2.1). • South Korea PPI stands at 0.0 pct vs 0.2 pct previous release (expected -1.0). Economic Data Ahead: • (0700 GMT/1230 IST) German GFK consumer climate, previous -6.7, expected -8.7. • (0700 GMT/1230 IST) U.K. Current account, previous -2.8B, expected -12.9B. • (0700 GMT/1230 IST) U.K. Final GDP, previous 15.5, expected 15.5. • (1330 GMT/1900 IST) U.S. Final GDP, previous 33.1, expected 33.1. • (1500 GMT/2030 IST) U.S. exis ng home sales, previous 6.85M, expected 6.70M. 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 0.16% to 90.19 points. USD/JPY: The Japanese yen trades marginally lower on Tuesday and trading around 103.50 mark. A sustained close above 103.50 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 depreciates on Tuesday and remains well supported below $0.76 mark. The pair made intraday high at $0.7591 and low at $0.7554 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 con nues to trade lower and hovers around $0.7050 mark. The pair made intraday high at $0.7105 and low at $0.7059 mark. Key resistances are seen at $0.7122, $0.7157, $0.7176 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 trades flat on Tuesday and stabilizes around 73.87 mark. The pair made intraday high at 73.93 and low at 73.87 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 moves in s ff boundaries and jumps back above $1.22 mark. The pair made intraday high at $1.2249 and low at $1.2224 mark. A sustained close above $1.2240 tests key resistances at $1.2272, $1.2304, $1.2332 and $2368 mark respec vely. On the other side, a sustained close below $1.2240 will target key supports around $1.2190, $1.2150, $1.2122, $1.2090, $1.2050, $1.1970, $1.1900 and $1.1850 marks respec vely. GBP/USD: The sterling weakens on Tuesday and stabilizes above $1.34 mark. Today pair made intraday high at $1.3469 and low at $1.3403 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 trades flat at $1,880 mark on Tuesday. Today pair made intraday high at $1,884 and low at $1,875 mark. A sustained close above $1,885 requires for the upside rally. On the other side, consistent close below $1,876 will check key supports as well. Key support levels are seen around $1,862, $1,855, $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 trades slightly up and stabilizes above $26.00 mark in Asian hours. Today pair made intraday high at $26.58 and low at $26.09 mark. A sustained close above $26.50 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 0.76061 S1 0.74957 Buy Above 0.76098 00.76333 0.75228 0.75228 0.74990 0.76098 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.76402 S2 0.74616 R3 0.76954 S3 0.74064 R4 0.77847 S4 0.73171 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.75509
  • 4. EUR / USD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS Trends Reversing UP Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 1.22551 S1 1.21609 Buy Above 1.22608 1.22881 1.21755 1.21755 1.21442 1.22608 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.22841 S2 1.21319 R3 1.23312 S3 1.20848 R4 1.24073 S4 1.20087 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.22080 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 1.35010 S1 1.32640 Buy Above 1.34742 1.35223 1.33265 1.33265 1.32578 1.34742 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.35743 S2 1.31907 R3 1.36928 S3 1.30722 R4 1.38846 S4 1.28804 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.33825 DECEMBER,2020
  • 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.29322 S1 1.28002 Buy Above 1.28999 1.29440 1.28002 1.28002 1.27551 1.28999 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.29729 S2 1.27595 R3 1.30389 S3 1.26395 R4 1.31456 S4 1.25868 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.28662 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 103.714 S1 103.226 Buy Above 103.656 103.829 103.176 103.176 103.007 103.656 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 103.864 S2 103.076 R3 104.108 S3 102.832 R4 104.502 S4 102.348 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 103.470 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 1899.05 S1 1859.63 Buy Above 1890.41 1896.85 1869.42 1869.42 1863.27 1890.41 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1911.23 S2 1847.45 R3 1930.94 S3 1827.74 R4 S4 1795.85 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1879.34 Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 1962.83 DECEMBER,2020
  • 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