DEC 20 MARKET ANALYSISDEC 20 MARKET ANALYSISDec 20 Market Analysis(This is neither a recommendation nor an advice, it is meant for educational purpose only)Nothing much has changed from my last post on dec 9. Lets have a great start this week.Here are the analysis.Aud JpyThe Aud Jpy has moved within our expectations to break the 82.8 price pivot from my last post. Price has backtested the price pivot once again to now act as support which is a good thing. We can now watch for a bullish price action bars for entry.

Eur AudThe Eur Aud has again backtested the price pivot at the 1.35 level and formed a bearish outside bar which is also a pin bar.Price is now heading a new zone not entered before. Therefore in such scenario, we will trail after it if we are in the trade and if we are not in the trade we can look for bearish price action entry.

Eur JpyThe Eur Aud has backtested the 111.9 price pivot and heads down as expected. We will be looking to take profit at the highlighted blue box areas which are past resistance. The trend is still heading down.

Eur UsdThe Eur Usd formed a pin bar at the blue box area which is the area that we expected price to break down. The area is of strong confluence which includes the 365ema, 61.8 fib, price pivot. The only thing that is stopping is the weekly 365, which price should break through. Now price is heading downwards and we should take profit at the fib 0% level.

Nzd UsdAs mentioned on the last post, we should see price heading to the 150 ema and take profit there.Now price has hit the area and broke through the support. If price is able to break down the 150 ema today, price should head down. If not we will keep out of this trade for a while till a definate short term trend is shown.

Gbp AudThe Gbp Aud has broke down the 1.6950 level as mentioned and has now broke through the 1.583 level.Price is now entering a new zone not reached before. If price does head back up to the 1.583 level which is a previous support level. We can watch for bearish price action signal to enter. If price does not head up, we should trail after it if we are still in the trade.

Usd JpyThe Usd Jpy had reached the previous resistance of the 84.4 level and heads down temporarily. Price should head back up to test the area again as the trend is still up as marked by the grey oval shapes. Making higher lows and slightly higher highs.The only concern is the 84.4 price pivot area which is in confluence with the 150 ema. We should see price breaking through the area. But i would not recommend to take the trend as the resistance is strong.

Upcoming Important News to noteMon Dec 207:30pm AUD Monetary Policy Meeting Minutes9:00pm NZD Credit Card Spending y/yTentative JPY Monetary Policy StatementTentative JPY Overnight Call Rate

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