2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen remains almost unchanged a er mixed economic data, Asian stock markets mixed, gold back above $1,870 mark
Asian Headlines:
• Japan average cash earnings stand at -0.8 pct vs -1.3 pct previous release (expected -0.7).
• Japan house hold spending stands at 1.9 pct vs -10.2 previous release (expected 2.7).
• Japan Current account stands at 1.98T vs 1.35T previous release (expected 1.83T).
• Japan final GDP stands at 5.3 pct vs 5.0 pct previous release.
• Australia HPI q/q stands at 0.8 pct vs -1.8 pct previous release (expected -1.6).
• Australia NAB business confidence stands at 12 vs 3 previous release.
Economic Data Ahead:
• (1000 GMT/1530 IST) Euro final employment change, previous 0.9, expected 0.9.
• (1000 GMT/1530 IST) Euro revised GDP q/q, previous 12.6, expected 12.6.
• (1000 GMT/1530 IST) Euro German ZEW economic sen ment, previous 39.0, expected 45.9.
• (1330 GMT/1900 SIT) U.S. revised nonfarm produc vity, previous 4.9, expected 4.9.
Economic Events Ahead:
• No key economic 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 up 0.07% to 90.85 points.
USD/JPY: The Japanese yen remains almost unchanged a er mixed economic data. A sustained close above 104.50 will take the parity higher towards key resistance
around 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 103.73 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 on Tuesday a er robust HPI data. The pair made intraday high at $0.7429 and low at $0.7410 marks. On the top side key
resistances are seen at $0.7456, $0.7476 and $0.7520 mark respec vely. On the other hand, a consistent close below $0.7415 will take the parity down towards key
supports around $0.7398, $0.7350, $0.7297, $0.7270, $0.7220 and $0.7190 mark respec vely.
NZD/USD: The Kiwi trades flat on Tuesday and hovers around $0.7050 mark. Pair made intraday high at $0.7043 and low at $0.7027 mark. Key resistances are seen at
$0.7084, $0.7132 and $0.7157 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 exhibits range bound movement against U.S. dollar. The pair made intraday high at 73.82 and low at 73.76 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 trades flat ahead of German ZEW economic sen ment data. The pair made intraday high at $1.2116 and low at $1.2104 mark. A sustained close
above $1.2140 tests key resistances at $1.2176, $1.22 and $1.2240 mark respec vely. On the other side, a sustained close below $1.21 will target key supports around
$1.2050, $1.1970, $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 falls gradually against U.S. dollar and hovers around $1.3350 mark. Today pair made intraday high at $1.3375 and low at $1.3343 mark. A sustained
close above $1.3440 will drag the parity up towards $1.3478, $1.3498 and $1.3525 mark respec vely. Key support levels are seen at $1.3315, $1.3290, $1.3263, $1.3222
and $1.3170 marks respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold rises sharply and hits fresh 2 – week high at $1,871 mark. Today pair made intraday high at $1,871 and low at $1,856 mark. A sustained close
above $1,862 requires for the upside rally. On the other side, consistent close below $1,838 will check key supports as well. Key support levels are seen around $1,822,
$1,810, $1,802, $1,787, $1,776, $1,764, $1,758, $1,747, $1,740 and $1,720 mark respec vely. Key resistances are seen at $1,876, $1,882, $1,888, $1,894 and $1,902
marks respec vely.
XAG/USD (Silver): Silver remained highly vola le in previous session and currently trading around $24.70 mark. Today pair made intraday high at $24.75 and low at
$24.22 mark. A sustained close above $24.48 requires for upside rally. Key support levels are seen at $23.82, $23.55, $23.35, $22.50 and $21.90 marks respec vely. Key
resistances are seen at $24.78, $25.02, $25.37, $25.50 and $25.62 marks respec vely.
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 0.74454 S1 0.73836
Buy Above 0.74416
0.74580
0.73984
0.73984
0.73854
0.74416
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.74645 S2 0.73645
R3 0.74954 S3 0.73336
R4 0.75454 S4 0.72836
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.74145
4. EUR / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 1.21509 S1 1.20839
Buy Above 1.21401
1.21562
1.20951
1.20951
1.20739
1.21401
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.21716 S2 1.20632
R3 1.22051 S3 1.20297
R4 1.22593 S4 1.19755
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.21174
DECEMBER,2020
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 1.33987 S1 1.32355
Buy Above 1.34361
1.34918
1.33041
1.33041
1.32556
1.34361
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.34491 S2 1.31851
R3 1.35307 S3 1.31035
R4 1.36627 S4 1.29715
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.33171
DECEMBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.28242 S1 1.27792
Buy Above 1.28098
1.28292
1.27587
1.27587
1.27404
1.28098
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.28382 S2 1.27652
R3 1.28607 S3 1.27427
R4 1.28972 S4 1.27062
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.28017
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 104.236 S1 103.938
Buy Above 104.263
104.367
103.837
103.837
103.746
104.263
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 104.327 S2 103.847
R3 104.476 S3 103.698
R4 104.716 S4 103.458
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
104.087
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1868.61 S1 1833.09
Buy Above 1876.07
1880.75
1858.39
1858.39
1853.45
1876.07
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1879.58 S2 1822.12
R3 1897.34 S3 1804.36
R4 S4 1775.63
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1850.85
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
1926.07
DECEMBER,2020
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
