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03 December 2021
Daily Analysis Report
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Asian Bulle n: Aussie hits fresh 1 – year low a er lower than expected China’s Services PMI results, Asian stock markets in green, gold hovers around $1,770 mark
Key Headlines:
• Australia AIG Construc on Index stands at 57.0 vs 57.6 previous release.
• China Caixin Services PMI stands at 52.1 vs 53.8 previous release.
• Congress votes to keep government open through mid-February.
• Short-term U.S. budget bill passes a er GOP amendment to defund federal vaccine mandate defeated.
• A broad rally sent Wall Street to a sharply higher close on Thursday, recovering ground lost over recent sessions as market par cipants snapped up bargains
while diges ng the implica ons of a shi ing pandemic – Reuters.
• A gauge of global equi es surged on Thursday as Wall Street rallied on hopes the Omicron COVID-19 variant will prove mild and will not halt a strongly
recovering U.S. economy, while the dollar edged higher in choppy trading as risk appe te improved – Reuters.
• The Interna onal Monetary Fund said its second ranking official, First Deputy Managing Director Geoffrey Okamoto, will leave the Fund in early 2022 and will
be replaced by Gita Gopinath, who currently serves as the IMF's chief economist – Reuters.
• The new Omicron variant of the coronavirus poses a threefold higher risk of reinfec on than the currently dominant Delta variant and the Beta strain, a group
of South African health bodies said on Thursday – Reuters.
• The Biden administra on on Thursday sought to ramp up its pandemic response following U.S. detec on of the Omicron coronavirus variant this week,
making at-home COVID-19 tests available free of charge, accelera ng its push for booster shots and ghtening rules for travelers – Reuters.
Economic Data Ahead:
• (0745 GMT/1315 IST) France Industrial Produc on, previous -1.3, expected 0.7.
• (0815 GMT/1345 IST) Spain Services PMI, previous 56.6, expected 58.6.
• (0845 GMT/1415 IST) Italy Services PMI, previous 52.4, expected 54.6.
• (0850 GMT/1420 IST) France Services PMI, previous 58.2, expected 58.2.
• (0855 GMT/1425 IST) German Services PMI, previous 53.4, expected 53.4.
• (0900 GMT/1430 IST) Euro Services PMI, previous 56.6, expected 56.6.
• (0930 GMT/1500 IST) U.K. Services PMI, previous 58.6, expected 58.6.
• (1000 GMT/1530 IST) Euro Retail Sales, previous -0.3, expected 0.3.
• (1330 GMT/1900 IST) Canada Employment Change, previous 31.2K, expected 36.5K.
• (1330 GMT/1900 IST) Canada Unemployment Rate, previous 6.7, expected 6.6.
• (1330 GMT/1900 IST) U.S. NFP Job results, previous 531K, expected 553K.
• (1330 GMT/1900 IST) U.S. NFP Unemployment Rate, previous 4.6, expected 4.5.
• (1500 GMT/2030 IST) U.S. ISM Services PMI, previous 66.7, expected 64.9.
Economic Events Ahead:
• (0830 GMT/1400 IST) ECB President Lagarde Speaks.
• (1100 GMT/1630 IST) U.K. MPC member Saunders Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.03% to 96.18 points.
3. 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
0.7099
R2 S2
0.7121
R3 S3
0.7140
R4
Commentary
S4
0.7162
Buy Above 0.7099
0.7130
0.7072
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7062
0.7023
0.7088
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie weakens sharply after China’s Caixin Services PMI results and hovers around
$0.7070 mark. Today pair made intraday high at $0.7094 and low at $0.7065 mark.Aday chart and H1
chart with triple EMAsuggest bearish trend for the time being.Asustained close above $0.7099 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7070 will check further
supports.
0.7070
0.7032
0.7015
0.6994
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1312
R2 S2
1.1347
R3 S3
1.1376
R4
Commentary
S4
1.1399
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-
Time Frame: H1
EUR/USD: The Euro moves in rigid boundaries ahead of Services PMI data and trading around $1.13
mark. The pair made intraday high at $1.1307 and low at $1.1290 mark. Today triple EMA on a day
chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1312 on H1
chart requires for the upside rally. Alternatively, a sustained close below $1.1280 on H1 chart will
check further supports.
EUR / USD
1.1280
1.1262
1.1248
1.1221
Buy Above 1.1312
1.1338
1.1290
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1282
1.1262
1.1307
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,
2021
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3299
R2 S2
1.3326
R3 S3
1.3354
R4
Commentary
S4
1.3378
Buy Above 1.3299
1.3330
1.3280
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3260
1.3234
1.3298
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
GBP/USD: The sterling enjoys roller coaster movement and stabilizes below $1.3300 mark. Today
pair made intraday high at $1.3302 and low at $1.3283 mark.Aday chart and H1 chart with triple EMA
suggest bearish trend for the time being.Asustained close above $1.3299 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.3262 will check further supports.
USD
1.3262
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
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2830
R2 S2
1.2876
R3 S3
1.2904
R4
Commentary
S4
1.2938
Buy Above 1.2830
1.2862
1.2808
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2800
1.2771
1.2821
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
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Time Frame: H1
USD/CAD: The CAD starts a new day on a lower note ahead of Canada’s Employment Change data
and remains well supported above 1.2800 mark. The pair made intraday high at 1.2835 and low at
1.2798 mark. Today a day chart and H1 chart with triple EMAsuggest bullish trend for the time being.A
sustained close above 1.2830 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 1.2790 on H1 chart will check key supports too.
USD /CAD
1.2790
1.2772
1.2740
1.2721
DECEMBER,
2021
7. 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
113.27
R2 S2
113.55
R3 S3
113.78
R4
Commentary
S4
113.99
Buy Above 113.30
113.55
113.10
– Take Profit
– Stop Loss
Trade Idea
Sell Below 112.90
112.61
113.15
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
USD/JPY: The Japanese yen trades flat on Friday and stabilizes above 113.00 mark. The pair made
intraday high at 113.22 and low at 112.95 mark. The triple EMA on a day chart is up and H1 chart
suggests bearish trend for the time being.Asustained close above 113.27 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
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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
1776
R2 S2
1781
R3 S3
1787
R4
Commentary
S4
1794
Buy Above 1776
1784
1771
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1767
1761
1774
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold enjoys roller coaster movement ahead of most awaited U.S. NFP Job data
and hovers around $1,770 mark. Today pair made intraday high at $1,774 and low at $1,767 mark. A
day chart and H1 chart with triple EMA suggests down trend for the time being. A sustained close
above $1,776 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,762
will check further supports.
XAU [GOLD]
USD
/
1762
1757
1752
1747
DECEMBER,
2021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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