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Daily Forex Technical Analysis Report - December 31, 2020

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+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
31 December, 2020
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Sterling stabilizes above $1.36 mark against U.S. dollar as Brexit ...
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 31, 2020

  1. 1. +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 31 December, 2020 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Sterling stabilizes above $1.36 mark against U.S. dollar as Brexit trade deal approved by U.K. parliament, Asian stock markets in green, gold hovers around $1,890 mark Asian Headlines: • China manufacturing PMI stands at 51.9 vs 52.1 previous release. • China non - manufacturing PMI stands at 55.7 vs 56.4 previous release. Economic Data Ahead: • (1330 GMT/1900 IST) U.S. Unemployment claims weekly, previous 803K, expected 832K. 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 0.01% to 89.67 points. USD/JPY: The Japanese yen trades flat on Thursday and trading around 103.15 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 sharply and touches $0.7708 mark. The pair made intraday high at $0.7708 and low at $0.7676 marks. On the top side key resistances are seen at $0.7722, $0.7749 and $0.7792 mark respec vely. On the other hand, a consistent close below $0.7684 will take the parity down towards key supports around $0.7602, $0.7520, $0.7450, $0.7398, $0.7350, $0.7297, $0.7270, $0.7220 and $0.7190 mark respec vely. NZD/USD: The Kiwi strengthens on Thursday and stabilizes above $0.72 mark. The pair made intraday high at $0.7234 and low at $0.7194 mark. Key resistances are seen at $0.7234, $0.7250, $0.7286 and $0.7310 mark respec vely. Alterna vely, a consistent close below $0.7198 will drag the parity down towards key supports around $0.7146, $0.7092, $0.7040, $0.7002, $0.6960, $0.6922, $0.6850, $0.6783 and $0.6750 mark respec vely. USD/INR: The Indian rupee rises no ceable against U.S. dollar and touches 73.00 mark in opening hours. The pair made intraday high at 73.19 and low at 73.00 marks. A sustained close below 72.87 marks will drag the parity down towards 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 trades flat and hovers around $1.23 mark. The pair made intraday high at $1.2309 and low at $1.2285 mark. A sustained close above $1.2292 tests key resistances at $1.2310, $1.2332 and $2368 mark respec vely. On the other side, a sustained close below $1.2292 will target key supports around $1.2244, $1.2206, $1.2180, $1.2122, $1.2090, $1.2050, $1.1970, $1.1900 and $1.1850 marks respec vely. GBP/USD: The sterling moves in s ff boundaries and remains well supported above $1.36 mark. Today pair made intraday high at $1.3649 and low at $1.3604 mark. A sustained close above $1.3624 will drag the parity up towards $1.3648, $1.3672, $1.3699 and $1.3722 mark respec vely. Key support levels are seen at $1.3580, $1.3487, $1.3428, $1.3370, $1.3322, $1.3290, $1.3263, $1.3222 and $1.3170 marks respec vely. Commodity Trend: XAU/USD (GOLD): Gold depreciates on Thursday and remains well supported below $1,900 mark. Today pair made intraday high at $1,899 and low at $1,885 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 lower and trading around $26.40 mark. Today pair made intraday high at $26.70 and low at $26.32 mark. A sustained close above $26.67 requires for upside rally. Key support levels are seen at $25.80, $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 0.77082 S1 0.76826 Buy Above 0.77136 0.77272 0.76780 0.76780 0.76644 0.77136 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.77162 S2 0.76746 R3 0.77290 S3 0.76618 R4 0.77498 S4 0.76410 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.76954
  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 1.23085 S1 1.22959 Buy Above 1.23032 1.23174 1.22734 1.22734 1.22602 1.23032 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.23124 S2 1.22920 R3 1.23187 S3 1.22857 R4 1.23289 S4 1.22755 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.23022 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 1.36489 S1 1.36103 Buy Above 1.36469 1.36786 1.35822 1.35822 1.35523 1.36469 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.36608 S2 1.35984 R3 1.36801 S3 1.35791 R4 1.37113 S4 1.35479 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.36296 DECEMBER,2020
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.27538 S1 1.27376 Buy Above 1.27593 1.27763 1.27336 1.27336 1.27159 1.27593 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.27588 S2 1.27326 R3 1.27699 S3 1.27245 R4 1.27800 S4 1.27114 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.27457 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 103.202 S1 103.028 Buy Above 103.276 103.384 103.010 103.010 102.878 103.276 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 103.256 S2 102.974 R3 103.343 S3 102.887 R4 103.484 S4 102.746 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 103.115 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 1897.33 S1 1889.77 Buy Above 1896.08 1898.68 1883.52 1883.52 1880.80 1896.08 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1899.66 S2 1887.44 R3 1903.44 S3 1883.66 R4 S4 1877.55 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1893.55 Trends Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 1909.55 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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