Daily Analysis Report - July 09, 2020

1. What Chart Says, Today?
July 09, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• Japan bank lending y/y stands at 6.2 pct vs 4.8 pct previous released (expected 5.0).
• Japan Current account stands at 0.82T vs 0.25T previous released (expected 0.71T).
• U.K. and Saudi Arabia comes together for Defense rela?onship.

4. Economic Data Ahead
• (0800 ET/1200 GMT) Brazil retail sales m/m, previous -16.8, expected -12.0 pct.

5. Economic Event Ahead
• (0445 ET/0845 GMT) ECB’s De Guindos’s speech.
• (0500 ET/0900 GMT) EU economic forecasts.

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for July 09, 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 1805.66
R1 1815.78 S1 1795.54
R2 1822.02 S2 1789.30
R3 1832.14 S3 1779.18
CONCLUSION
Buy Above 1816.55 Take Profit 1823.05 Stop Loss 1795.77
Sell Below 1795.77 Take Profit 1787.80 Stop Loss 1816.55

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 0.69644
R1 0.69869 S1 0.69419
R2 0.70009 S2 0.69279
R3 0.70234 S3 0.69054
CONCLUSION
Buy Above 0.70038 Take Profit 0.70193 Stop Loss 0.69547
Sell Below 0.69547 Take Profit 0.69260 Stop Loss 0.70038

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 1.13173
R1 1.13154 S1 1.12832
R2 1.13724 S2 1.12622
R3 1.14065 S3 1.12281
CONCLUSION
Buy Above 1.13756 Take Profit 1.14019 Stop Loss 1.12975
Sell Below 1.12975 Take Profit 1.12676 Stop Loss 1.13756

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 1.25679
R1 1.26035 S1 1.25323
R2 1.26255 S2 1.25103
R3 1.26611 S3 1.24747
CONCLUSION
Buy Above 1.26689 Take Profit 1.27101 Stop Loss 1.25659
Sell Below 1.25659 Take Profit 1.25185 Stop Loss 1.26689

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 1.35574
R1 1.35963 S1 1.35185
R2 1.36204 S2 1.34944
R3 1.36593 S3 1.34555
CONCLUSION
Buy Above 1.35673 Take Profit 1.35881 Stop Loss 1.34918
Sell Below 1.34918 Take Profit 1.34689 Stop Loss 1.35673

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 107.431
R1 107.591 S1 107.271
R2 107.691 S2 107.171
R3 107.851 S3 107.011
CONCLUSION
Buy Above 107.501 Take Profit 107.718 Stop Loss 107.119
Sell Below 107.119 Take Profit 106.944 Stop Loss 107.501

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