Daily Analysis Report - August 11, 2020

1. What Chart Says, Today?
August 11, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• U.K. BRC retail sales monitor y/y stands at 4.3 pct vs 10.9 pct previous release (expected
2.5).
• Japan bank lending stands at 6.3 pct vs 6.2 pct previous release (expected 6.2).
• Japan Current account stands at 1.05T vs 0.82T previous release (expected 1.00T).
• Australia NAB business confidence stands at -14 vs 1 previous release.
• Australia NAB business survey stands at 0 vs -7 previous release.
• Singapore GDP q/q stands at -42.9 pct vs -3.1 pct previous release (expected -42.9).

4. Economic Data Ahead
• (0200 ET/0600 GMT) U.K. claimant count change, previous -28.1K.
• (0200 ET/0600 GMT) U.K. average earning index, previous -0.3K, expected -1.2K.
• (0200 ET/0600 GMT) U.K. unemployment rate, previous 3.9, expected 4.2.
• (0500 ET/0900 GMT) Euro ZEW Economic senment, previous 59.6, expected 55.3.
• (0500 ET/0900 GMT) German ZEW Economic senment, previous 59.3, expected 55.0.
• (0600 ET/1000 GMT) U.S. NFIB small business index, previous 100.6, expected 101.7.
• (0830 ET/1230 GMT) U.S. core PPI, previous -0.3, expected 0.1.
• (0830 ET/1230 GMT) U.S. PPI, previous -0.2, expected 0.3.
• (0930 ET/1330 GMT) U.K. CB leading index, previous -1.4.

5. Economic Event Ahead
• No key events scheduled for the day

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for August 11, 2020
• This is a broader picture how things may move as per Charts.
• Traders are advised to have a close look on fundamental events
during the day.
• Due to High volatility, keep your SL & TP to manage RISK:REWARD
Ratio
• Trade Less…Trade On Perfect Levels….

8. XAUUSD (H1 Chart)

9. XAUUSD Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 2031.91
R1 2043.60 S1 2020.22
R2 2050.81 S2 2013.01
R3 2062.50 S3 2001.32
CONCLUSION
Buy Above 2042.85 Take Profit 2053.01 Stop Loss 2010.51
Sell Below 2010.51 Take Profit 1999.05 Stop Loss 2042.85

10. AUDUSD (H1 Chart)

11. AUDUSD Day Forecasting
INDICATOR H1 CHART
TREND Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 0.71572
R1 0.71740 S1 0.71404
R2 0.71844 S2 0.71300
R3 0.72012 S3 0.71132
CONCLUSION
Buy Above 0.71947 Take Profit 0.72164 Stop Loss 0.71280
Sell Below 0.71280 Take Profit 0.71093 Stop Loss 0.71947

12. EURUSD (H1 Chart)

13. EURUSD Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.17738
R1 1.17968 S1 1.17508
R2 1.18110 S2 1.17366
R3 1.18340 S3 1.17136
CONCLUSION
Buy Above 1.18315 Take Profit 1.18736 Stop Loss 1.17088
Sell Below 1.17088 Take Profit 1.16715 Stop Loss 1.18315

14. GBPUSD (H1 Chart)

15. GBPUSD Day Forecasting
INDICATOR H1 CHART
TREND Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1.30708
R1 1.31016 S1 1.30400
R2 1.31207 S2 1.30209
R3 1.31515 S3 1.29901
CONCLUSION
Buy Above 1.31141 Take Profit 1.31517 Stop Loss 1.30044
Sell Below 1.30044 Take Profit 1.29557 Stop Loss 1.31141

16. USDCAD (H1 Chart)

17. USDCAD Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.33566
R1 1.33799 S1 1.33333
R2 1.33942 S2 1.33190
R3 1.34175 S3 1.32957
CONCLUSION
Buy Above 1.33726 Take Profit 1.33980 Stop Loss 1.33117
Sell Below 1.33117 Take Profit 1.32888 Stop Loss 1.33726

18. USDJPY (H1 Chart)

19. USDJPY Day Forecasting
INDICATOR H1 CHART
TREND Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 105.904
R1 106.087 S1 105.721
R2 106.200 S2 105.608
R3 106.383 S3 105.425
CONCLUSION
Buy Above 105.946 Take Profit 106.140 Stop Loss 105.504
Sell Below 105.504 Take Profit 105.277 Stop Loss 105.946

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