The document summarizes recent economic data and provides a technical analysis of major currency crosses, gold, and crude oil. It reports manufacturing and services PMI data that came in mixed for various countries. It then analyzes charts for XAUUSD, AUDUSD, EURUSD, GBPUSD, USDCAD, and USDJPY, identifying trends, moving averages, RSI levels, and potential support and resistance levels. Buy and sell signals are provided based on the technical indicators.

1. What Chart Says, Today?
August 21, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• Australia flash manufacturing PMI stands at 53.9 vs 54.0 previous release.
• Australia flash services PMI stands at 48.1 vs 58.2 previous release.
• U.K. GFK consumer confidence remains unchanged at -27.
• Japan naonal core CPI remains unchanged at 0.0 pct.
• Japan flash manufacturing PMI stands at 46.6 vs 45.2 previous release (expected 45.0).
• Australia retail sales stand at 3.3 pct vs 2.7 pct previous release.
• South Korea PPI m/m stands at 0.2 pct vs 0.5 pct previous release

4. Economic Data Ahead
• (0200 ET/0600 GMT) U.K. public sector net borrowing, previous 34.8B, expected 28.3B.
• (0200 ET/0600 GMT) U.K. retail sales, previous 13.9, expected 2.0.
• (0315 ET/0715 GMT) France flash services PMI, previous 57.3, expected 56.3.
• (0315 ET/0715 GMT) France flash manufacturing PMI, previous 52.4, expected 53.0.
• (0330 ET/0730 GMT) German flash manufacturing PMI, previous 51.0, expected 52.2.
• (0330 ET/0730 GMT) German flash services PMI, previous 55.6, expected 55.3.
• (0400 ET/0800 GMT) Euro manufacturing PMI, previous 51.8, expected 52.7.
• (0400 ET/0800 GMT) Euro services PMI, previous 54.7, expected 54.6.
• (0430 ET/0830 GMT) U.K. manufacturing PMI, previous 53.3, expected 54.0.
• (0430 ET/0830 GMT) U.K. services PMI, previous 56.5, expected 57.0.
• (0830 ET/1230 GMT) Canada retail sales, previous 18.7.
• (0830 ET/1230 GMT) Canada core retail sales, previous 10.6.
• (0945 ET/1345 GMT) U.S. flash manufacturing PMI, previous 50.9, expected 51.6.
• (0945 ET/1345 GMT) U.S. flash services PMI, previous 50.0, expected 50.7.
• (1000 ET/1400 GMT) Euro consumer confidence, previous -15, expected -15.
• (1000 ET/1400 GMT) U.S. exisng home sales, previous 4.72M, expected 5.40M.

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 21, 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 1941.82
R1 1953.54 S1 1930.10
R2 1960.79 S2 1922.85
R3 1972.51 S3 1911.13
CONCLUSION
Buy Above 1963.26 Take Profit 1970.49 Stop Loss 1937.44
Sell Below 1937.44 Take Profit 1929.52 Stop Loss 1963.26

10. AUDUSD (H1 Chart)

11. AUDUSD Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 0.71763
R1 0.72018 S1 0.71508
R2 0.72176 S2 0.71350
R3 0.72431 S3 0.71095
CONCLUSION
Buy Above 0.72253 Take Profit 0.72431 Stop Loss 0.71610
Sell Below 0.71610 Take Profit 0.71334 Stop Loss 0.72253

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 1.18430
R1 1.18684 S1 1.18176
R2 1.18841 S2 1.18019
R3 1.19093 S3 1.17765
CONCLUSION
Buy Above 1.19107 Take Profit 1.19437 Stop Loss 1.18257
Sell Below 1.18257 Take Profit 1.17947 Stop Loss 1.19107

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 1.31671
R1 1.32282 S1 1.31060
R2 1.32660 S2 1.30682
R3 1.33271 S3 1.30071
CONCLUSION
Buy Above 1.32550 Take Profit 1.32900 Stop Loss 1.31432
Sell Below 1.31432 Take Profit 1.30946 Stop Loss 1.32550

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 1.31987
R1 1.32278 S1 1.31696
R2 1.32459 S2 1.31515
R3 1.32750 S3 1.31224
CONCLUSION
Buy Above 1.32103 Take Profit 1.32505 Stop Loss 1.31345
Sell Below 1.31345 Take Profit 1.31087 Stop Loss 1.32103

18. USDJPY (H1 Chart)

19. USDJPY Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 105.914
R1 106.095 S1 105.733
R2 106.206 S2 105.622
R3 106.387 S3 105.441
CONCLUSION
Buy Above 105.955 Take Profit 106.145 Stop Loss 105.442
Sell Below 105.442 Take Profit 105.202 Stop Loss 105.955

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