Daily Analysis Report - August 13, 2020

1. What Chart Says, Today?
August 13, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• Kiwi FPI m/m stands at 1.2 pct vs 0.5 pct previous release.
• U.K. RICS house price balance stands at 12 pct vs -13 pct previous release (expected -5).
• Japan PPI y/y stands at -0.9 pct vs -1.6 pct previous release (expected -1.1).
• Australia MI expectaon stands at 3.3 pct vs 3.2 pct previous release.
• Australia employment change stands at 114.7K vs 228.4K previous release (expected
30.0K).
• Australia unemployment rate stands at 7.5 pct vs 7.4 pct previous release (expected 7.8
pct).

4. Economic Data Ahead
• (0200 ET/0600 GMT) German final CPI m/m, previous -0.5, expected -0.5.
• (0200 ET/0600 GMT) German WPI m/m, previous 0.6, expected 0.4.
• (0830 ET/1230 GMT) U.S. unemployment claims weekly, previous 1186K, expected
1120K.
• (0830 ET/1230 GMT) U.S. import price m/m, previous 1.4, expected 0.6.

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 13, 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 1916.23
R1 1949.32 S1 1883.14
R2 1969.76 S2 1862.70
R3 2002.85 S3 1829.61
CONCLUSION
Buy Above 1955.06 Take Profit 1973.79 Stop Loss 1897.14
Sell Below 1897.14 Take Profit 1877.84 Stop Loss 1955.06

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 0.71344
R1 0.71503 S1 0.71185
R2 0.71601 S2 0.71087
R3 0.71760 S3 0.70928
CONCLUSION
Buy Above 0.71884 Take Profit 0.72039 Stop Loss 0.71399
Sell Below 0.71399 Take Profit 0.71228 Stop Loss 0.71884

12. EURUSD (H1 Chart)

13. EURUSD Day Forecasting
INDICATOR H1 CHART
TREND Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1.17631
R1 1.17954 S1 1.17308
R2 1.18153 S2 1.17109
R3 1.18476 S3 1.16786
CONCLUSION
Buy Above 1.18379 Take Profit 1.18728 Stop Loss 1.17441
Sell Below 1.17441 Take Profit 1.17201 Stop Loss 1.18379

14. GBPUSD (H1 Chart)

15. GBPUSD Day Forecasting
INDICATOR H1 CHART
TREND Neutral to Down Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1.30347
R1 1.30585 S1 1.30109
R2 1.30732 S2 1.29962
R3 1.30970 S3 1.29724
CONCLUSION
Buy Above 1.30766 Take Profit 1.31065 Stop Loss 1.30201
Sell Below 1.30201 Take Profit 1.29906 Stop Loss 1.30766

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 1.32733
R1 1.33182 S1 1.32284
R2 1.33460 S2 1.32006
R3 1.33909 S3 1.31557
CONCLUSION
Buy Above 1.32877 Take Profit 1.33293 Stop Loss 1.31951
Sell Below 1.31951 Take Profit 1.31638 Stop Loss 1.32877

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 106.767
R1 106.986 S1 106.548
R2 107.121 S2 106.413
R3 107.340 S3 106.194
CONCLUSION
Buy Above 107.078 Take Profit 107.299 Stop Loss 106.347
Sell Below 106.347 Take Profit 106.053 Stop Loss 107.078

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