English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
SpanishDAILY ANALYSIS REPORT DECEMBER 21 2021
AUD / USD
| Commentary : The Aussie remains slightly volatile after RBA’s Monetary Policy Meeting minutes. Today pair made intraday high at $0.7119 and low at $0.7098 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.7130 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7092 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7130 | S1 | 0.7080 |
| R2 | 0.7155 | S2 | 0.7062 |
| R3 | 0.7172 | S3 | 0.7040 |
| R4 | 0.7199 | S4 | 0.7015 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7130 | Sell Below : 0.7098 | ||
| – Take Profit : 0.7155 | – Take Profit : 0.7071 | ||
| – Stop Loss : 0.7111 | – Stop Loss : 0.7123 | ||
EUR / USD
| Commentary : The Euro recovers from previous losses and hovers around key resistance at $1.1290 mark. The pair made intraday high at $1.1286 and low at $1.1273 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.1299 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1262 on H1 chart will check further supports. Euro German GFK Consumer Climate results and Euro’s Consumer Confidence data are in focus. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.1299 | S1 | 1.1262 |
| R2 | 1.1315 | S2 | 1.1220 |
| R3 | 1.1340 | S3 | 1.1200 |
| R4 | 1.1376 | S4 | 1.1178 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1290 | Sell Below : 1.1261 | ||
| – Take Profit : 1.1315 | – Take Profit : 1.1237 | ||
| – Stop Loss : 1.1268 | – Stop Loss : 1.1286 | ||
GBP / USD
| Commentary : The sterling trades in rigid boundaries on Tuesday and stabilizes above $1.3200 mark. Today pair made intraday high at $1.3214 and low at $1.3197 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.3237 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3200 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3237 | S1 | 1.3172 |
| R2 | 1.3250 | S2 | 1.3140 |
| R3 | 1.3276 | S3 | 1.3112 |
| R4 | 1.3290 | S4 | 1.3100 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3221 | Sell Below : 1.3192 | ||
| – Take Profit : 1.3248 | – Take Profit : 1.3161 | ||
| – Stop Loss : 1.3197 | – Stop Loss : 1.3211 | ||
USD / CAD
| Commentary : The CAD depreciated sharply in previous session and touched 1.2963 mark. The pair made intraday high at 1.2947 and low at 1.2913 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above 1.2942 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2910 on H1 chart will check key supports too. Canada’s Retail Sales data is in focus. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2942 | S1 | 1.2910 |
| R2 | 1.2976 | S2 | 1.2877 |
| R3 | 1.2999 | S3 | 1.2850 |
| R4 | 1.3033 | S4 | 1.2826 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2950 | Sell Below : 1.2912 | ||
| – Take Profit : 1.2977 | – Take Profit : 1.2880 | ||
| – Stop Loss : 1.2928 | – Stop Loss : 1.2942 | ||
USD / JPY
| Commentary : The Japanese yen exhibits range bound movement and consolidates around 113.70 mark. The pair made intraday high at 113.70 and low at 113.55 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 113.81 on H1 chart requires for the upside rally. Alternatively, a consistent close below 113.40 on H1 chart will check further key supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 113.91 | S1 | 113.40 |
| R2 | 114.26 | S2 | 113.22 |
| R3 | 114.58 | S3 | 113.00 |
| R4 | 114.76 | S4 | 112.76 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 113.78 | Sell Below : 113.40 | ||
| – Take Profit : 113.99 | – Take Profit : 113.15 | ||
| – Stop Loss : 113.47 | – Stop Loss : 113.63 | ||
GOLD
| Commentary : The gold fails to find support above $1,800 mark and today hovers around $1,790 mark. Today pair made intraday high at $1,792 and low at $1,789 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,797 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,788 will check further supports. U.S. will release Current account data at 1330 GMT/1900 IST. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1797 | S1 | 1786 |
| R2 | 1802 | S2 | 1781 |
| R3 | 1809 | S3 | 1776 |
| R4 | 1814 | S4 | 1772 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1794 | Sell Below : 1786 | ||
| – Take Profit : 1799 | – Take Profit : 1780 | ||
| – Stop Loss : 1790 | – Stop Loss : 1792 | ||
Download Report in PDF
We provide every solution to start your own
TP Global FX Research Team
With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note 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.