The document provides a daily analysis report from TPGlobalFX on December 1, 2020. It includes analysis of major currency pairs such as AUD/USD, EUR/USD, GBP/USD, and USD/JPY. It also covers economic data from Asia, upcoming economic indicators from Europe and North America, and analysis of commodities gold and silver. Technical indicators and pivot price levels are given for intraday trading of the currency pairs in the 1-hour timeframe.

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01 December, 2020
Daily Analysis Report

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Asian Bulle n: Aussie rises no ceably a er RBA’s Cash Rate Decision, Asian stock markets extremely up, Markets eye Fed Chair Powell’s Tes mony, Gold back above
$1,780 mark
Asian Headlines:
• Japan final manufacturing PMI stands at 49.0 vs 48.3 previous release.
• Japan unemployment rate stands at 3.1 pct vs 3.0 pct previous release.
• Japan capital spending stands at -10.6 vs -11.3 pct previous release.
• RBA kept official cash rate unchanged at 0.10 pct.
• Australia building approvals stands at 3.8 pct vs 16.2 pct previous release.
• Australia current account stands at 10.0B vs 16.3B previous release.
• Australia AIG manufacturing PMI stands at 52.1 vs 56.3 previous release.
Economic Data Ahead:
• (0815 GMT/1345 IST) Spain manufacturing PMI, previous 52.5, expected 50.8.
• (0830 GMT/1400 IST) Swiss manufacturing PMI, previous 52.3, expected 51.5.
• (0845 GMT/1415 IST) Italy manufacturing PMI, previous 53.8, expected 52.0.
• (0850 GMT/1420 IST) France manufacturing PMI, previous 49.1, expected 49.1.
• (0855 GMT/1425 IST) Germany manufacturing PMI, previous 57.9, expected 57.9.
• (0855 GMT/1425 IST) German unemployment change, previous -35K, expected 9K.
• (0900 GMT/1430 IST) Euro final manufacturing PMI, previous 53.6, expected 53.6.
• (0930 GMT/1500 IST) U.K. manufacturing PMI, previous 55.2, expected 55.2.
• (1000 GMT/1530 IST) Euro CPI flash es mate, previous -0.3, expected -0.2.
• (1330 GMT/1900 IST) Canada GDP, previous 1.2, expected 0.9.
• (1430 GMT/2000 IST) Canada manufacturing PMI, previous 55.5.
• (1500 GMT/2030 IST) U.S. ISM manufacturing PMI, previous 59.3, expected 57.9.
Economic Events Ahead:
• All day ECOFIN mee ngs.
• (1500 GMT/2030 IST) U.S. Fed Chair Powell’s speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.05% to 91.82 points.
USD/JPY: The Japanese yen remains almost unchanged a er final manufacturing PMI and capital spending data. A sustained close above 104.32 will take the parity higher
towards key resistance around 104.50, 104.90, 105.22, 105.64, 105.92, 106.22 and 106.76 mark respec vely. On the other side, a consistent close below 103.73 will drag
the parity down towards 103.65, 103.50, 103.17 and 102.80 marks respec vely.
AUD/USD: The Aussie trades marginally higher a er RBA’s cash rate decision and robust current account data. The pair made intraday high at $0.7371 and low at $0.7338
marks. On the top side key resistances are seen at $0.7424, $0.7456, $0.7476 and $0.7520 mark respec vely. On the other hand, a consistent close below $0.7340 will
take the parity down towards key supports around $0.7298, $0.7270, $0.7220, $0.7190, $0.7170, $0.7122, $0.7090 and $0.7052 mark respec vely.
NZD/USD: The Kiwi strengthens and remains well supported above $0.7000 mark. Pair hits highest level since June 2018. Pair made intraday high at $0.7041 and low at
$0.7008 mark. Key resistances are seen at $0.7047, $0.7082 and $0.7132 mark respec vely. Alterna vely, a consistent close below $0.7018 will drag the parity down
towards key supports around $0.6960, $0.6922, $0.6850, $0.6783 and $0.6750 mark respec vely.
USD/INR: The Indian rupee rises extremely in opening hours and hits fresh 4 – week low at 73.55 mark. The pair made intraday high at 74.16 and low at 73.55 marks. A
sustained close below 73.62 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 appreciates on Tuesday and trading around $1.1960 mark. The pair made intraday high at $1.1959 and low at $1.1923 mark. A sustained close above
$1.1962 tests key resistances at $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below $1.1962 will target key
supports around $1.1900, $1.1850, $1.1802, $1.1770, $1.1740, $1.1672, $1.1640, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound rises ahead of U.K. manufacturing PMI data and stabilizes above $1.3350 mark. Today pair made intraday high at $1.3366 and low at $1.3316 mark.
A sustained close above $1.3375 will drag the parity up towards $1.3398, $1.3434 and $1.3450 mark respec vely. Key support levels are seen at $1.3290, $1.3263,
$1.3222, $1.3170, $1.3122, $1.3090, $1.3054, $1.3002 and $1.2950 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades marginally higher on Tuesday and jumps back above $1,780 mark. Today pair made intraday high at $1,787 and low at $1,775 mark. A
sustained close above $1,810 requires for the upside rally. On the other side, consistent close below $1,776 will check key supports as well. Key support levels are seen
around $1,764, $1,758, $1,747, $1,740 and $1,720 mark respec vely. Key resistances are seen at $1,800, $1,822, $1,832, $1,840, $1,857, $1,876 and $1,882 marks
respec vely.
XAG/USD (Silver): Silver recovers previous loss and touches $22.91 mark in Asian hours. Today pair made intraday high at $22.91 and low at $21.58 mark. A sustained
close above $23.35 requires for upside rally. Key support levels are seen at $21.90, $21.76, $21.72, $21.60 and $21.49 marks respec vely. Key resistances are seen at
$23.10, $23.50, $23.72, $24.22, $24.78 and $25.02 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 RIS LEVEL 50
FIBO Levels PIVOT
R1 0.73890 S1 0.73368
Buy Above 0.73795
0.73881
0.73474
0.73474
0.73381
0.73795
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.74050 S2 0.73208
R3 0.74311 S3 0.72947
R4 0.74732 S4 0.72526
Conclusion
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0.73629

4. EUR / USD
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Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75 Above MA
H 1
RSI (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.19807 S1 1.19199
Buy Above 1.19836
1.20018
1.19188
1.19188
1.19028
1.19836
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.19994 S2 1.19012
R3 1.20298 S3 1.18708
R4 1.20789 S4 1.18217
Conclusion
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1.19503
DECEMBER,2020

5. GBP / USD
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Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.33683 S1 1.32999
Buy Above 1.34008
1.34266
1.33172
1.33172
1.32923
1.34008
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.33893 S2 1.32789
R3 1.34235 S3 1.32447
R4 1.34787 S4 1.31895
Conclusion
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1.33341
DECEMBER,2020

6. USD /CAD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.30135 S1 1.29469
Buy Above 1.30173
1.30383
1.29544
1.29544
1.29339
1.30173
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.30340 S2 1.29264
R3 1.30673 S3 1.28931
R4 1.30211 S4 1.28393
Conclusion
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1.29802
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
DECEMBER,2020

7. USD /JPY
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 104.399 S1 103.957
Buy Above 104.520
104.668
104.078
104.078
103.927
104.520
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 104.535 S2 103.821
R3 104.756 S3 103.600
R4 105.113 S4 103.243
Conclusion
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104.178
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
DECEMBER,2020

8. XAU / [GOLD]USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1786.57 S1 1767.17
Buy Above 1793.61
1801.03
1774.32
1774.32
1759.86
1793.61
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1792.56 S2 1761.18
R3 1802.26 S3 1751.48
R4 S4 1735.79
Conclusion
+1 7754 366 970
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1776.87
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
1817.95
DECEMBER,2020

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