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06 December 2021
Daily Analysis Report
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Asian Bulle n: U.S. dollar remains slightly vola le against major peers as U.S. Economic Calendar is empty for the day, most Asian stock markets in green, gold hovers
around $1,780 mark
Key Headlines:
• ANZ Commodity Prices stand at 2.8 pct vs 2.2 pct previous release.
• Australia MI Infla on gauge stands at 0.3 pct vs 0.2 pct previous release.
• The incoming German government wants to make COVID-19 vaccina ons mandatory from March 16 for people working in hospitals, nursing homes and other
medical prac ces, according to a copy of dra legisla on seen by Reuters on Sunday – Reuters.
• The Omicron variant of the coronavirus has spread to about one-third of U.S. states, but the Delta version remains the majority of COVID-19 infec ons as
cases rise na onwide, U.S. health officials said on Sunday – Reuters.
• The Omicron variant of the coronavirus has been found in about 15 U.S. states so far, but the Delta variant remains the majority of COVID-19 cases
na onwide, the head of the U.S. Centers for Disease Control and Preven on said on Sunday – Reuters.
• Britain's health security agency on Sunday reported 86 new cases of the Omicron variant of COVID-19, taking the total number iden fied so far to 246 –
Reuters.
• South Korea on Sunday reported three more Omicron coronavirus variant cases, bringing its total confirmed so far to 12, the Korea Disease Control and
Preven on Agency (KDCA) said – Reuters.
• Global economic growth projec ons from the Interna onal Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the
coronavirus, IMF Managing Director Kristalina Georgieva said on Friday – Reuters.
• U.S. Federal Reserve Chair Jerome Powell met with more lawmakers in October than in any month since February, his calendar published Friday showed, as
President Joe Biden weighed whether to ask senators to approve Powell's renomina on or pick someone else to lead the central bank – Reuters.
• Global equi es and benchmark U.S. bond yields tumbled on Friday in vola le trade a er data showed U.S. job growth slowed considerably in November and
the Omicron variant of the coronavirus kept investors on edge – Reuters.
• Huge spending by governments kept the world economy afloat during the pandemic as officials mobilized a fiscal response not seen since World War Two to
bolster household incomes and give businesses a figh ng chance to survive the health crisis – Reuters.
• While the U.S. Federal Reserve trails other major central banks in tackling climate change, it's catching up on a cri cal front: figuring out if rising temperatures
could topple a major bank or even the en re financial system – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Factory Orders, previous 1.3, expected -0.2.
• (0900 GMT/1430 IST) Italy Retail Sales, previous 0.8, expected 0.4.
• (0930 GMT/1500 IST) Euro Sen x Investor Confidence, previous 18.3, expected 14.5.
• (0930 GMT/1500 IST) U.K. Construc on PMI, previous 54.6, expected 54.9.
Economic Events Ahead:
• Eurogroup Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.17% to 96.28 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
0.7040
R2 S2
0.7072
R3 S3
0.7099
R4
Commentary
S4
0.7122
Buy Above 0.7040
0.7067
0.7010
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6992
0.6958
0.7020
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie takes halt around $0.6990 mark and recovers slightly from previous losses
ahead ofAustralia’s Cash Rate Decision due tomorrow.Today pair made intraday high at $0.7026 and
low at $0.6996 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time
being. A sustained close above $0.7040 on H1 chart requires for the upside rally. Alternatively, a
consistent close below $0.6994 will check further supports.
0.6994
0.6968
0.6932
0.6904
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 remains slightly volatile in opening hours and stabilizes below $1.1300 mark.
The pair made intraday high at $1.1315 and low at $1.1288 mark. Today triple EMAon 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 $1.1278 on H1 chart will check
further supports.Today the Eurogroup Meetings will remain in focus.
EUR / USD
1.1278
1.1262
1.1248
1.1221
Buy Above 1.1312
1.1342
1.1288
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1277
1.1248
1.1298
– 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
1.3250
R2 S2
1.3276
R3 S3
1.3299
R4
Commentary
S4
1.3326
Buy Above 1.3250
1.3278
1.3222
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3209
1.3178
1.3232
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling exhibits range bound movement ahead of U.K.’s Construction PMI results
and MPC member Broadbent’s speech. Today pair made intraday high at $1.3246 and low at
$1.3210 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A
sustained close above $1.3250 on H1 chart will check key resistances. Alternatively, a consistent
close below $1.3209 will check further supports.
USD
1.3209
1.3184
1.3140
1.3115
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 Up Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below 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 1.2842
1.2872
1.2820
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2810
1.2773
1.2838
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD trades almost flat on Monday and trading above 1.2800 mark. The pair made
intraday high at 1.2842 and low at 1.2817 mark. Today a day chart and H1 chart with triple EMA
suggest bullish trend for the time being. A sustained close above 1.2840 on H1 chart requires for the
upside rally. Alternatively, a consistent close below 1.2790 on H1 chart will check key supports too.
Canada’s economic calendar is light for the day.
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
113.12
R2 S2
113.55
R3 S3
113.78
R4
Commentary
S4
113.99
Buy Above 113.12
113.41
112.82
– Take Profit
– Stop Loss
Trade Idea
Sell Below 112.90
112.60
113.07
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
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Time Frame: H1
USD/JPY: The Japanese yen trades slightly lower on Monday and hovers around 113.00 mark. The
pair made intraday high at 113.08 and low at 112.82 mark. The triple EMAon a day chart is up and H1
chart suggests bearish trend for the time being. A sustained close above 113.12 on H1 chart requires
for the upside rally. Alternatively, a consistent close below 112.58 on H1 chart will check further key
supports.
USD /JPY
112.58
112.37
112.10
111.82
DECEMBER,
2021
8. 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
1787
R2 S2
1792
R3 S3
1799
R4
Commentary
S4
1804
Buy Above 1787
1793
1782
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1778
1771
1784
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The Gold spiked up sharply in previous session after mixed U.S. NFP job data
and remains well supported above $1,780 mark. Today pair made intraday high at $1,787 and low at
$1,780 mark.Aday chart is down and H1 chart with triple EMAsuggests up trend for the time being.A
sustained close above $1,787 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,778 will check further supports. U.S. calendar is empty for the day.
XAU [GOLD]
USD
/
1778
1772
1764
1757
DECEMBER,
2021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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