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Daily Forex Technical Analysis Report - December 29, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
29 December, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Sterling faces vola lity on the back of unclear picture of the Brex...
AUD / USD
REPORTFROM:TPGLOBALFXDECEMBER,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA...
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Daily Forex Technical Analysis Report - December 29, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 29 December, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Sterling faces vola lity on the back of unclear picture of the Brexit deal, Asian stock markets mixed, gold slightly up Asian Headlines: • South Korea consumer confidence stands at 89.8 vs 97.9 pct previous release. 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 0.26% to 90.10 points. USD/JPY: The Japanese yen fails to find support above 103.90 mark. A sustained close above 103.76 will take the parity higher towards key resistance around 103.90, 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 remained vola le in previous session and slips back below $0.76 mark. The pair made intraday high at $0.7599 and low at $0.7574 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 $0.7575 will take the parity down towards key supports around $0.7520, $0.7450, $0.7398, $0.7350, $0.7297, $0.7270, $0.7220 and $0.7190 mark respec vely. NZD/USD: The Kiwi trades marginally higher and stabilizes above $0.7100 mark. The pair made intraday high at $0.7122 and low at $0.7096 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 no ceably against U.S. dollar and remains well supported below 73.50 mark. The pair made intraday high at 73.49 and low at 73.33 marks. A sustained close below 73.20 marks will drag the parity down towards 72.87, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 73.49, 74.02, 74.40, 74.65, 75.02, 75.27, 75.39 and 75.62 marks respec vely. EUR/USD: The euro appreciates on Tuesday and touches $1.2242 mark in Asian hours. The pair made intraday high at $1.2242 and low at $1.2206 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 remains vola le as last few days are le out for the final Brexit deal. Today pair made intraday high at $1.3495 and low at $1.3439 mark. A sustained close above $1.3530 will drag the parity up towards $1.3580, $1.3624, $1.3648, $1.3672, $1.3699 and $1.3722 mark respec vely. Key support levels are seen at $1.3428, $1.3370, $1.3322, $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 $1,878 mark. Today pair made intraday high at $1,882 and low at $1,873 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 moves in s ff boundaries and stabilizes above $26.00 mark in Asian hours. Today pair made intraday high at $26.61 and low at $26.18 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 0.76114 S1 0.75614 Buy Above 076257 0.76466 0.75572 0.75572 0.75419 0.76257 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.76268 S2 0.75460 R3 0.76518 S3 0.75210 R4 0.76922 S4 0.74806 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.75864
  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 1.22417 S1 1.21871 Buy Above 1.22608 1.22739 1.21871 1.21871 1.21745 1.22608 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.22585 S2 1.21703 R3 1.22858 S3 1.21430 R4 1.23299 S4 1.20989 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.22144 DECEMBER,2020
  5. 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 1.35431 S1 1.34311 Buy Above 1.35508 1.35729 1.34214 1.34214 1.33911 1.35508 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.35777 S2 1.33965 R3 1.36337 S3 1.33405 R4 1.37243 S4 1.32499 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.34871 DECEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.28684 S1 1.28208 Buy Above 1.28729 1.28879 1.28040 1.28040 1.27849 1.28729 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.28830 S2 1.28062 R3 1.29068 S3 1.27824 R4 1.29452 S4 1.27440 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.28446 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 103.691 S1 103.459 Buy Above 103.908 103.998 103.457 103.457 103.355 103.908 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 103.762 S2 103.388 R3 103.878 S3 103.272 R4 104.065 S4 103.085 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 103.575 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 1892.69 S1 1869.03 Buy Above 1891.42 1895.76 1869.05 1869.05 1864.02 1891.42 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1900.00 S2 1861.72 R3 1911.83 S3 1849.89 R4 S4 1830.75 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1880.86 Trends Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 1930.97 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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