DAILY ANALYSIS REPORT DECEMBER 02 2021

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DAILY ANALYSIS REPORT DECEMBER 02 2021

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analysis@tpglobalfx.com
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02 December 2021
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie remains vola le a er Retail Sales, Trade balance results; most Asian stock markets in green, gold stabilizes below $1,780 mark
Key Headlines:
• New Zealand overseas trade index stands at 0.7 pct vs 3.2 pct previous release.
• Japan Monetary base stands at 9.3 pct vs 9.9 pct previous release.
• Australia Trade Balance stands at 11.22B vs 11.82B previous release.
• Australia Retail Sales remain unchanged at 4.9 pct.
• U.S. ADP Job results came with posi ve numbers but failed to bring vola lity to the FX markets.
• Wall Street's major averages fell more than 1% on Wednesday a er a morning rally faded as investor angst about the latest coronavirus variant soared with
the first U.S. case confirma on while the market also digested Fed comments on infla on – Reuters.
• Jack Dorsey-led payments company Square Inc said on Wednesday it was changing its name to Block Inc – Reuters.
• Former President Donald Trump's new social media venture is seeking to raise up to $1 billion by selling shares to hedge funds and family offices at several
mes the valua on it commanded in a deal with a blank-check acquisi on firm in October, two people familiar with the ma er said – Reuters.
• President Joe Biden's pick for a seat on the Federal Communica ons Commission told a U.S. Senate Commi ee on Wednesday she does not back government
regula on of broadband rates – Reuters.
• The United States on Wednesday iden fied its first known COVID case caused by the Omicron variant, discovered in a fully vaccinated pa ent who traveled to
South Africa, as scien sts con nue to study the risks the new version could pose – Reuters.
• Moderna Inc could have a COVID-19 booster shot targe ng the Omicron variant tested and ready to file for U.S. authoriza on as soon as March, the
company's president said on Wednesday – Reuters.
• Italy's medicines agency AIFA on Wednesday gave the go-ahead for the use of Pfizer - BioNTech's COVID-19 vaccine for children between the ages of five and
11 – Reuters.
Economic Data Ahead:
• (0730 GMT/1300 IST) Swiss Retail Sales, previous 2.5, expected 2.2.
• (0800 GMT/1330 IST) Spain Unemployment Change, previous -0.7K, expected 5.3K.
• (0900 GMT/1430 IST) Italy Unemployment Rate, previous 9.2, expected 9.1.
• (1000 GMT/1530 IST) Euro PPI, previous 2.7, expected 3.6.
• (1000 GMT/1530 IST) Euro Unemployment Rate, previous 7.4, expected 7.3.
• (1230 GMT/1800 IST) U.S. Challenger Job Cuts, Previous -71.7 pct.
• (1330 GMT/1900 IST) U.S. Unemployment Claims Weekly, previous 199K, expected 238K.
Economic Events Ahead:
• All Day – OPEC – JMMC Mee ngs.
• (1400 GMT/1930 IST) U.S. Treasury Sec Yellen Speaks.
• (1630 GMT/2200 IST) U.S. FOMC Member Barkin, Bos c and Daly Speak.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.09% to 95.95 points.
AUD / USD
BUY SELL
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DECEMBER,
2021
Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7131
R2 S2
0.7157
R3 S3
0.7178
R4
Commentary
S4
0.7199
Buy Above 0.7131
0.7155
0.7099
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7089
0.7067
0.7116
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD:TheAussie trades marginally higher in earlyAsian after flatTrade balance and Retail sales
data. Today pair made intraday high at $0.7119 and low at $0.7094 mark. A day chart and H1 chart
with triple EMA suggest down trend for the time being. A sustained close above $0.7131 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7089 will check further
supports.
0.7089
0.7062
0.7032
0.7015
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1347
R2 S2
1.1376
R3 S3
1.1399
R4
Commentary
S4
1.1432
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-
Time Frame: H1
EUR/USD: The Euro moves in rigid boundaries and consolidates around $1.1320 mark. Today pair
made intraday high at $1.1339 and low at $1.1312. Today triple EMA on a day chart is down and H1
chart suggests up trend for the time being. Aconsistent close above $1.1347 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.1300 on H1 chart will check further
supports.
EUR / USD
1.1299
1.1278
1.1248
1.1221
Buy Above 1.1347
1.1370
1.1320
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1300
1.1274
1.1321
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
DECEMBER,
2021
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3312
R2 S2
1.3326
R3 S3
1.3354
R4
Commentary
S4
1.3378
Buy Above 1.3312
1.3340
1.3282
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3272
1.3241
1.3298
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling recovers slightly from previous losses and hovers around $1.3300 mark.
Today pair made intraday high at $1.3305 and low at $1.3266 mark. A day chart and H1 chart with
triple EMAsuggest bearish trend for the time being.Asustained close above $1.3312 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.3270 will check further supports.
USD
1.3270
1.3238
1.3209
1.3184
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,
2021
BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2840
R2 S2
1.2876
R3 S3
1.2904
R4
Commentary
S4
1.2938
Buy Above 1.2830
1.2854
1.2806
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2791
1.2756
1.2815
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
USD/CAD: The CAD falls gradually against U.S. dollar and jumps back above 1.2800 mark. The pair
made intraday high at 1.2828 and low at 1.2797 mark. Today a day chart and H1 chart with triple EMA
suggest bullish trend for the time being. A sustained close above 1.2822 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2777 on H1 chart will check key supports too.
USD /CAD
1.2777
1.2750
1.2721
1.2701
DECEMBER,
2021
BUY SELL
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Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
113.15
R2 S2
113.55
R3 S3
113.78
R4
Commentary
S4
113.99
Buy Above 113.15
113.48
112.84
– Take Profit
– Stop Loss
Trade Idea
Sell Below 112.78
112.55
113.01
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen starts a new day on a lower note as economic calendar is empty for the
Japan today. The pair made intraday high at 113.10 and low at 112.62 mark. The triple EMA on a day
chart is up and H1 chart suggests bearish trend for the time being.Asustained close above 113.15 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 112.62 on H1 chart will
check further key supports.
USD /JPY
112.62
112.37
112.10
111.82
DECEMBER,
2021
BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1784
R2 S2
1789
R3 S3
1794
R4
Commentary
S4
1801
Buy Above 1784
1790
1778
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1774
1768
1778
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold falls on Thursday and hovers around $1,780 mark. Today pair made
intraday high at $1,783 and low at $1,777 mark. A day chart and H1 chart with triple EMA suggests
down trend for the time being. A sustained close above $1,782 on H1 chart requires for the upside
rally.Alternatively, a consistent close below $1,776 will check further supports.
XAU [GOLD]
USD
/
1771
1764
1758
1752
DECEMBER,
2021
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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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

Más contenido relacionado

DAILY ANALYSIS REPORT DECEMBER 02 2021

  • 1. +1 7754 366 970 analysis@tpglobalfx.com R E P O R T F R O M : T P G LO B A L F X 02 December 2021 Daily Analysis Report
  • 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie remains vola le a er Retail Sales, Trade balance results; most Asian stock markets in green, gold stabilizes below $1,780 mark Key Headlines: • New Zealand overseas trade index stands at 0.7 pct vs 3.2 pct previous release. • Japan Monetary base stands at 9.3 pct vs 9.9 pct previous release. • Australia Trade Balance stands at 11.22B vs 11.82B previous release. • Australia Retail Sales remain unchanged at 4.9 pct. • U.S. ADP Job results came with posi ve numbers but failed to bring vola lity to the FX markets. • Wall Street's major averages fell more than 1% on Wednesday a er a morning rally faded as investor angst about the latest coronavirus variant soared with the first U.S. case confirma on while the market also digested Fed comments on infla on – Reuters. • Jack Dorsey-led payments company Square Inc said on Wednesday it was changing its name to Block Inc – Reuters. • Former President Donald Trump's new social media venture is seeking to raise up to $1 billion by selling shares to hedge funds and family offices at several mes the valua on it commanded in a deal with a blank-check acquisi on firm in October, two people familiar with the ma er said – Reuters. • President Joe Biden's pick for a seat on the Federal Communica ons Commission told a U.S. Senate Commi ee on Wednesday she does not back government regula on of broadband rates – Reuters. • The United States on Wednesday iden fied its first known COVID case caused by the Omicron variant, discovered in a fully vaccinated pa ent who traveled to South Africa, as scien sts con nue to study the risks the new version could pose – Reuters. • Moderna Inc could have a COVID-19 booster shot targe ng the Omicron variant tested and ready to file for U.S. authoriza on as soon as March, the company's president said on Wednesday – Reuters. • Italy's medicines agency AIFA on Wednesday gave the go-ahead for the use of Pfizer - BioNTech's COVID-19 vaccine for children between the ages of five and 11 – Reuters. Economic Data Ahead: • (0730 GMT/1300 IST) Swiss Retail Sales, previous 2.5, expected 2.2. • (0800 GMT/1330 IST) Spain Unemployment Change, previous -0.7K, expected 5.3K. • (0900 GMT/1430 IST) Italy Unemployment Rate, previous 9.2, expected 9.1. • (1000 GMT/1530 IST) Euro PPI, previous 2.7, expected 3.6. • (1000 GMT/1530 IST) Euro Unemployment Rate, previous 7.4, expected 7.3. • (1230 GMT/1800 IST) U.S. Challenger Job Cuts, Previous -71.7 pct. • (1330 GMT/1900 IST) U.S. Unemployment Claims Weekly, previous 199K, expected 238K. Economic Events Ahead: • All Day – OPEC – JMMC Mee ngs. • (1400 GMT/1930 IST) U.S. Treasury Sec Yellen Speaks. • (1630 GMT/2200 IST) U.S. FOMC Member Barkin, Bos c and Daly Speak. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.09% to 95.95 points.
  • 3. AUD / USD BUY SELL R E P O R T F R O M : T P G LO B A L F X DECEMBER, 2021 Technical Summary Trend Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S1 0.7131 R2 S2 0.7157 R3 S3 0.7178 R4 Commentary S4 0.7199 Buy Above 0.7131 0.7155 0.7099 – Take Profit – Stop Loss Trade Idea Sell Below 0.7089 0.7067 0.7116 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD:TheAussie trades marginally higher in earlyAsian after flatTrade balance and Retail sales data. Today pair made intraday high at $0.7119 and low at $0.7094 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.7131 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7089 will check further supports. 0.7089 0.7062 0.7032 0.7015
  • 4. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.1347 R2 S2 1.1376 R3 S3 1.1399 R4 Commentary S4 1.1432 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The Euro moves in rigid boundaries and consolidates around $1.1320 mark. Today pair made intraday high at $1.1339 and low at $1.1312. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. Aconsistent close above $1.1347 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1300 on H1 chart will check further supports. EUR / USD 1.1299 1.1278 1.1248 1.1221 Buy Above 1.1347 1.1370 1.1320 – Take Profit – Stop Loss Trade Idea Sell Below 1.1300 1.1274 1.1321 – Take Profit – Stop Loss Trade Idea Trends Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 DECEMBER, 2021
  • 5. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.3312 R2 S2 1.3326 R3 S3 1.3354 R4 Commentary S4 1.3378 Buy Above 1.3312 1.3340 1.3282 – Take Profit – Stop Loss Trade Idea Sell Below 1.3272 1.3241 1.3298 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The sterling recovers slightly from previous losses and hovers around $1.3300 mark. Today pair made intraday high at $1.3305 and low at $1.3266 mark. A day chart and H1 chart with triple EMAsuggest bearish trend for the time being.Asustained close above $1.3312 on H1 chart will check key resistances.Alternatively, a consistent close below $1.3270 will check further supports. USD 1.3270 1.3238 1.3209 1.3184 GBP/ Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 DECEMBER, 2021
  • 6. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary Trends Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1.2840 R2 S2 1.2876 R3 S3 1.2904 R4 Commentary S4 1.2938 Buy Above 1.2830 1.2854 1.2806 – Take Profit – Stop Loss Trade Idea Sell Below 1.2791 1.2756 1.2815 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The CAD falls gradually against U.S. dollar and jumps back above 1.2800 mark. The pair made intraday high at 1.2828 and low at 1.2797 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.2822 on H1 chart requires for the upside rally.Alternatively, a consistent close below 1.2777 on H1 chart will check key supports too. USD /CAD 1.2777 1.2750 1.2721 1.2701 DECEMBER, 2021
  • 7. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary Trend Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S1 113.15 R2 S2 113.55 R3 S3 113.78 R4 Commentary S4 113.99 Buy Above 113.15 113.48 112.84 – Take Profit – Stop Loss Trade Idea Sell Below 112.78 112.55 113.01 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen starts a new day on a lower note as economic calendar is empty for the Japan today. The pair made intraday high at 113.10 and low at 112.62 mark. The triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being.Asustained close above 113.15 on H1 chart requires for the upside rally. Alternatively, a consistent close below 112.62 on H1 chart will check further key supports. USD /JPY 112.62 112.37 112.10 111.82 DECEMBER, 2021
  • 8. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary Trend Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1784 R2 S2 1789 R3 S3 1794 R4 Commentary S4 1801 Buy Above 1784 1790 1778 – Take Profit – Stop Loss Trade Idea Sell Below 1774 1768 1778 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold falls on Thursday and hovers around $1,780 mark. Today pair made intraday high at $1,783 and low at $1,777 mark. A day chart and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1,782 on H1 chart requires for the upside rally.Alternatively, a consistent close below $1,776 will check further supports. XAU [GOLD] USD / 1771 1764 1758 1752 DECEMBER, 2021
  • 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com R E P O R T F R O M : T P G L O B A L F X /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