Daily Analysis Report - July 01, 2020

1. What Chart Says, Today?
July 01, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• Australia AIG manufacturing index stands at 51.5 vs 41.6 previous released.
• Japan Tankan manufacturing index stands at -34 vs -8 previous released (expected -
31).
• Japan Tankan non - manufacturing index stands at -17 vs 8 previous released
(expected -20).
• Japan final manufacturing PMI stands at 40.1 vs 37.8 previous released (expected
37.8).
• Australia building approval stands at -16.4 vs -2.1 previous released (expected -7.0).
• China Caixin manufacturing PMI stands at 51.2 vs 50.7 previous released (expected
50.7).

4. Economic Data Ahead
• (0200 ET/0600 GMT) Germany retail sales, previous -5.3, expected 3.5.
• (0200 ET/0600 GMT) U.K. naonwide HPI m/m, previous -1.7, expected -0.6.
• (0315 ET/0715 GMT) Spain manufacturing PMI, previous 38.3, expected 45.2.
• (0330 ET/0730 GMT) Swiss manufacturing PMI, previous 42.1, expected 48.1.
• (0345 ET/0745 GMT) Italy manufacturing PMI, previous 45.4, expected 47.9.
• (0350 ET/0750 GMT) France manufacturing PMI, previous 52.1, expected 52.1.
• (0355 ET/0755 GMT) Germany manufacturing PMI, previous 44.6, expected 44.6.
• (0355 ET/0755 GMT) Germany unemployment change, previous 238K, expected 120K.
• (0400 ET/0800 GMT) Euro final manufacturing PMI, previous 46.9, expected 46.9.
• (0430 ET/0830 GMT) U.K. final manufacturing PMI, previous 50.1, expected 50.2.
• (0815 ET/1215 GMT) U.S. ADP job data, previous -2760K, expected 2850K.
• (1000 ET/1400 GMT) U.S. ISM manufacturing PMI, previous 43.1, expected 49.5.

5. Economic Event Ahead
• (0700 ET/1100 GMT) U.K. MPC member Haskel’s speech.
• (1400 ET/1800 GMT) U.S. FOMC meeng minutes.

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for July 01, 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 Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1776.70
R1 1784.76 S1 1768.64
R2 1789.74 S2 1763.66
R3 1797.80 S3 1755.60
CONCLUSION
Buy Above 1786.62 Take Profit 1793.77 Stop Loss 1764.98
Sell Below 1764.98 Take Profit 1760.28 Stop Loss 1786.62

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 0.68788
R1 0.69091 S1 0.68485
R2 0.69277 S2 0.68299
R3 0.69580 S3 0.67996
CONCLUSION
Buy Above 0.69137 Take Profit 0.69256 Stop Loss 0.68752
Sell Below 0.68752 Take Profit 0.68564 Stop Loss 0.69137

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 1.12283
R1 1.12553 S1 1.12013
R2 1.12721 S2 1.11845
R3 1.12991 S3 1.11575
CONCLUSION
Buy Above 1.12623 Take Profit 1.12752 Stop Loss 1.12019
Sell Below 1.12019 Take Profit 1.11839 Stop Loss 1.12623

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 1.23423
R1 1.23936 S1 1.22910
R2 1.24254 S2 1.22592
R3 1.24767 S3 1.22079
CONCLUSION
Buy Above 1.23976 Take Profit 1.24252 Stop Loss 1.23123
Sell Below 1.23123 Take Profit 1.22847 Stop Loss 1.23976

16. USDCAD (H1 Chart)

17. USDCAD Day Forecasting
INDICATOR H1 CHART
TREND Down Up Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.36318
R1 1.36714 S1 1.35922
R2 1.36958 S2 1.35678
R3 1.37354 S3 1.35282
CONCLUSION
Buy Above 1.36479 Take Profit 1.36681 Stop Loss 1.35502
Sell Below 1.35502 Take Profit 1.35316 Stop Loss 1.36479

18. USDJPY (H1 Chart)

19. USDJPY Day Forecasting
INDICATOR H1 CHART
TREND Reversing Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 107.804
R1 107.980 S1 107.628
R2 108.089 S2 107.519
R3 108.265 S3 107.343
CONCLUSION
Buy Above 108.028 Take Profit 108.229 Stop Loss 107.351
Sell Below 107.351 Take Profit 107.138 Stop Loss 108.028

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