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Daily Forex Technical Analysis Report - December 28, 2020

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Daily Forex Technical Analysis Report - December 28, 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 28 December, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar falls no ceably against major peers, Asian stock markets in green, gold touches $1,900 mark in early Asia Asian Headlines: • Japan prelim industrial produc on stands at 0.0 pct vs 4.0 pct previous release (expected 1.4). • President Donald Trump signs a corona virus relief and government funding package into law. • BOJ policymakers were divided on how far to go with its s mulus program. • BOJ Governor Haruhiko Kuroda - the policy review will not lead to big changes to yield curve control (YCC) and instead focus on fine-tuning the framework to make it more sustainable. Economic Data Ahead: • No key indicators scheduled for the day. 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 0.18% to 90.16 points. USD/JPY: The Japanese yen remains slightly vola le a er BOJ’s summary of opinions. 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 trades marginally higher and jumps back above $0.76 mark. The pair made intraday high at $0.7615 and low at $0.7583 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 $0.7520 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 appreciates slightly on Monday and trading around $0.7125 mark. The pair made intraday high at $0.7129 and low at $0.7098 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 rises sharply and stabilizes below 73.50 mark. The pair made intraday high at 73.55 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 74.02, 74.40, 74.65, 75.02, 75.27, 75.39 and 75.62 marks respec vely. EUR/USD: The euro strengthens and stabilizes back above $1.22 mark. The pair made intraday high at $1.2216 and low at $1.2179 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 $1.2160 will target key supports around $1.2122, $1.2090, $1.2050, $1.1970, $1.1900 and $1.1850 marks respec vely. GBP/USD: The sterling rises slightly on Monday and stabilizes above $1.3550 mark. Today pair made intraday high at $1.3576 and low at $1.3530 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 $1.3483, $1.3450, $1.3370, $1.3322, $1.3290, $1.3263, $1.3222 and $1.3170 marks respec vely. Commodity Trend: XAU/USD (GOLD): Gold starts a new week on posi ve note and touches $1,900 mark in Asian hours. Today pair made intraday high at $1,900 and low at $1,879 mark. A sustained close above $1,902 requires for the upside rally. On the other side, consistent close below $1,860 will check key supports as well. Key support levels are seen around $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 $1,902, $1,912, $1,924 and $1,937 marks respec vely. XAG/USD (Silver): Silver trades extremely higher on Monday and touches $26.77 mark in Asian hours. Today pair made intraday high at $26.77 and low at $25.81 mark. A sustained close above $26.67 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. 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 0.76030 S1 0.75722 Buy Above 0.76257 0.76466 0.75771 0.75771 0.75572 0.76257 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.76126 S2 0.75626 R3 0.76280 S3 0.75472 R4 0.76530 S4 0.75222 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.75876
  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 1.22066 S1 1.21772 Buy Above 1.22320 1.22497 1.21721 1.21721 1.21507 1.22320 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.22517 S2 1.21681 R3 1.22304 S3 1.21534 R4 1.22542 S4 1.21296 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.21919 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 1.36018 S1 1.35020 Buy Above 1.36179 1.36514 1.34786 1.34786 1.34357 1.36179 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.36326 S2 1.34712 R3 1.36825 S3 1.34213 R4 1.37632 S4 1.33406 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.35519 DECEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.28747 S1 1.28241 Buy Above 1.28867 1.29067 1.28096 1.28096 1.27908 1.28867 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.28903 S2 1.28085 R3 1.29156 S3 1.27832 R4 1.29565 S4 1.27423 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.28494 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 103.715 S1 103.479 Buy Above 103.745 103.897 103.273 103.273 103.111 103.745 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 103.787 S2 103.407 R3 103.805 S3 103.289 R4 104.095 S4 103.099 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 103.597 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 1882.73 S1 1872.05 Buy Above 1902.82 1906.41 1877.53 1877.53 1872.97 1902.82 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1886.02 S2 1868.76 R3 1891.36 S3 1863.42 R4 S4 1854.79 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1877.39 Trends Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 1899.99 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 28 December, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar falls no ceably against major peers, Asian stock markets in green, gold touches $1,900 mark in early Asia Asian Headlines: • Japan prelim industrial produc on stands at 0.0 pct vs 4.0 pct previous release (expected 1.4). • President Donald Trump signs a corona virus relief and government funding package into law. • BOJ policymakers were divided on how far to go with its s mulus program. • BOJ Governor Haruhiko Kuroda - the policy review will not lead to big changes to yield curve control (YCC) and instead focus on fine-tuning the framework to make it more sustainable. Economic Data Ahead: • No key indicators scheduled for the day. 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 0.18% to 90.16 points. USD/JPY: The Japanese yen remains slightly vola le a er BOJ’s summary of opinions. 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 trades marginally higher and jumps back above $0.76 mark. The pair made intraday high at $0.7615 and low at $0.7583 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 $0.7520 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 appreciates slightly on Monday and trading around $0.7125 mark. The pair made intraday high at $0.7129 and low at $0.7098 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 rises sharply and stabilizes below 73.50 mark. The pair made intraday high at 73.55 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 74.02, 74.40, 74.65, 75.02, 75.27, 75.39 and 75.62 marks respec vely. EUR/USD: The euro strengthens and stabilizes back above $1.22 mark. The pair made intraday high at $1.2216 and low at $1.2179 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 $1.2160 will target key supports around $1.2122, $1.2090, $1.2050, $1.1970, $1.1900 and $1.1850 marks respec vely. GBP/USD: The sterling rises slightly on Monday and stabilizes above $1.3550 mark. Today pair made intraday high at $1.3576 and low at $1.3530 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 $1.3483, $1.3450, $1.3370, $1.3322, $1.3290, $1.3263, $1.3222 and $1.3170 marks respec vely. Commodity Trend: XAU/USD (GOLD): Gold starts a new week on posi ve note and touches $1,900 mark in Asian hours. Today pair made intraday high at $1,900 and low at $1,879 mark. A sustained close above $1,902 requires for the upside rally. On the other side, consistent close below $1,860 will check key supports as well. Key support levels are seen around $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 $1,902, $1,912, $1,924 and $1,937 marks respec vely. XAG/USD (Silver): Silver trades extremely higher on Monday and touches $26.77 mark in Asian hours. Today pair made intraday high at $26.77 and low at $25.81 mark. A sustained close above $26.67 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. 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 0.76030 S1 0.75722 Buy Above 0.76257 0.76466 0.75771 0.75771 0.75572 0.76257 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.76126 S2 0.75626 R3 0.76280 S3 0.75472 R4 0.76530 S4 0.75222 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.75876
  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 1.22066 S1 1.21772 Buy Above 1.22320 1.22497 1.21721 1.21721 1.21507 1.22320 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.22517 S2 1.21681 R3 1.22304 S3 1.21534 R4 1.22542 S4 1.21296 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.21919 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 1.36018 S1 1.35020 Buy Above 1.36179 1.36514 1.34786 1.34786 1.34357 1.36179 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.36326 S2 1.34712 R3 1.36825 S3 1.34213 R4 1.37632 S4 1.33406 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.35519 DECEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.28747 S1 1.28241 Buy Above 1.28867 1.29067 1.28096 1.28096 1.27908 1.28867 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.28903 S2 1.28085 R3 1.29156 S3 1.27832 R4 1.29565 S4 1.27423 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.28494 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 103.715 S1 103.479 Buy Above 103.745 103.897 103.273 103.273 103.111 103.745 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 103.787 S2 103.407 R3 103.805 S3 103.289 R4 104.095 S4 103.099 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 103.597 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 1882.73 S1 1872.05 Buy Above 1902.82 1906.41 1877.53 1877.53 1872.97 1902.82 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1886.02 S2 1868.76 R3 1891.36 S3 1863.42 R4 S4 1854.79 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1877.39 Trends Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 1899.99 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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