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Daily Forex Technical Analysis Report - December 30, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
30 December, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar slumped against major peers on the back of uncertainty ...
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 30, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 30 December, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar slumped against major peers on the back of uncertainty over s mulus fund, Asian stock markets mixed, gold slightly up Asian Headlines: • South Korea BSI manufacturing Index stands at 78 vs 84 previous release. • South Korea industrial produc on stands at 0.3 pct vs -1.1 pct previous release (expected 0.8). • South Korea retail sales stands at -1.0 vs -0.9 pct previous release. Economic Data Ahead: • (0700 GMT/1230 IST) U.K. Na onwide HPI m/m, previous 0.9, expected 0.4. • (0800 GMT/1330 IST) Swiss KOF economic barometer, previous 103.5, expected 101.4. • (0800 GMT/1330 IST) Spain flash CPI, previous -0.8, expected -0.6. • (1330 GMT/1900 IST) U.S. goods trade balance, previous -80.3B, expected -81.5B. • (1445 GMT/2015 IST) U.S. Chicago PMI, previous 58.2, expected 56.6. • (1500 GMT/2030 IST) U.S. pending home sales, previous -1.1, expected 0.1. 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 0.28% to 89.74 points. USD/JPY: The Japanese yen rises on Wednesday and touches 103.27 mark early Asia. 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 rises extremely and hits highest level since June 2018. The pair made intraday high at $0.7659 and low at $0.7600 marks. On the top side key resistances are seen at $0.7676, $0.7722, $0.7749 and $0.7792 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 appreciates on Wednesday and hits highest level since April 2018. The pair made intraday high at $0.7188 and low at $0.7137 mark. Key resistances are seen at $0.7190, $0.7232, $0.7250 and $0.7282 mark respec vely. Alterna vely, a consistent close below $0.7100 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 rises gradually against U.S. dollar and touches 73.16 mark in opening hours. The pair made intraday high at 73.40 and low at 73.16 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 spikes up on Wednesday and touches $1.2294 mark in early Asian hours. The pair made intraday high at $1.2294 and low at $1.2244 mark. A sustained close above $1.2265 tests key resistances at $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 starts a new day on a posi ve note and hovers around $1.3550 mark. Today pair made intraday high at $1.3557 and low at $1.3490 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 trades marginally higher and stabilizes above $1,880 mark. Today pair made intraday high at $1,886 and low at $1,877 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 slightly up and trading around $26.40 mark. Today pair made intraday high at $26.49 and low at $26.14 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 0.76208 S1 0.75830 Buy Above 0.76782 0.77035 0.76173 0.76173 0.75903 0.76782 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.76324 S2 0.75714 R3 0.76513 S3 0.75525 R4 0.76818 S4 0.75220 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.76019
  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 1.22694 S1 1.22178 Buy Above 1.23081 1.23306 1.22298 1.22298 1.22065 1.23081 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.22853 S2 1.22019 R3 1.23111 S3 1.21761 R4 1.23528 S4 1.21344 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.22436 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 1.35192 S1 1.34542 Buy Above 1.35622 1.35884 1.34631 1.34631 1.34312 1.35622 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.35392 S2 1.34342 R3 1.35717 S3 1.34017 R4 1.36242 S4 1.33492 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.34867 DECEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.28449 S1 1.27889 Buy Above 1.28332 1.28544 1.27691 1.27691 1.27509 1.28332 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.28622 S2 1.27716 R3 1.28902 S3 1.27436 R4 1.29355 S4 1.26983 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.28169 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 103.739 S1 103.463 Buy Above 103.600 103.719 103.218 103.218 103.105 103.600 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 103.824 S2 103.378 R3 103.962 S3 103.240 R4 104.185 S4 103.017 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 103.601 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 1884.32 S1 1873.08 Buy Above 1891.42 1895.76 1875.20 1875.20 1871.53 1891.42 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1887.79 S2 1869.61 R3 1893.41 S3 1863.99 R4 S4 1854.90 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1878.70 Trends Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 1902.50 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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