Daily Analysis Report - July 16, 2020

1. What Chart Says, Today?
July 16, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• New Zealand CPI q/q stands at -0.5 pct vs 0.8 pct previous release (expected -0.5).
• Australia employment change stands at 210.8K vs -264.1K previous release (expected 106.0K).
• Australia unemployment rate stands at 7.4 pct vs 7.1 pct previous release (expected 7.2 pct).
• China GDP stands at 3.2 pct vs -6.8 pct previous released (expected 2.2 pct).
• China industrial producon stands at 4.8 pct vs 4.4 pct previous release (expected 4.8 pct).
• China retail sales stands at -1.8 pct vs -2.8 pct previous release (expected 0.5).
• China unemployment rate stands at 5.7 pct vs 5.9 pct previous release (expected 5.9 pct).
• South Korea keeps interest rate unchanged at 0.5 pct.

4. Economic Data Ahead
• (0200 ET/0600 GMT) U.K. jobless claims, previous 528.9K.
• (0200 ET/0600 GMT) U.K. unemployment rate, previous 3.9, expected 4.1 pct.
• (0245 ET/0645 GMT) France final CPI m/m, previous -0.1 pct, expected -0.1 pct.
• (0400 ET/0800 GMT) Italy trade balance, previous -1.16B.
• (0500 ET/0900 GMT) Euro trade balance, previous 1.2B, expected 5.0B.
• (0745 ET/1145 GMT) Euro interest rate decision, previous 0.00 pct, expected 0.00 pct.
• (0830 ET/1230 GMT) U.S. retail sales m/m, previous 17.7 pct, expected 4.6 pct.
• (0830 ET/1230 GMT) U.S. core retail sales m/m, previous 12.4 pct, expected 4.5 pct.
• (0830 ET/1230 GMT) U.S. Philly Fed manufacturing Index, previous 27.5, expected 20.0 pct.
• (0830 ET/1230 GMT) Canada employment change, previous 208.4K

5. Economic Event Ahead
• (0430 ET/0830 GMT) U.K. BOE credit condions survey.
• (0645 ET/1045 GMT) U.K. MPC member Haldane’s speech.
• (0830 ET/1230 GMT) ECB Press Conference.
• (1110 ET/1510 GMT) U.S. FOMC member Williams’s speech.

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for July 16, 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 1810.00
R1 1813.50 S1 1806.50
R2 1815.65 S2 1804.35
R3 1819.15 S3 1800.85
CONCLUSION
Buy Above 1816.31 Take Profit 1822.08 Stop Loss 1801.05
Sell Below 1801.05 Take Profit 1795.70 Stop Loss 1816.31

10. AUDUSD (H1 Chart)

11. AUDUSD Day Forecasting
INDICATOR H1 CHART
TREND Reversing Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 0.70051
R1 0.70304 S1 0.69798
R2 0.70459 S2 0.69643
R3 0.70712 S3 0.69390
CONCLUSION
Buy Above 0.70193 Take Profit 0.70352 Stop Loss 0.69661
Sell Below 0.69661 Take Profit 0.69510 Stop Loss 0.70193

12. EURUSD (H1 Chart)

13. EURUSD Day Forecasting
INDICATOR H1 CHART
TREND Reversing Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1.14177
R1 1.14410 S1 1.13944
R2 1.14555 S2 1.13801
R3 1.14786 S3 1.13568
CONCLUSION
Buy Above 1.14330 Take Profit 1.14526 Stop Loss 1.13826
Sell Below 1.13826 Take Profit 1.13594 Stop Loss 1.14330

14. GBPUSD (H1 Chart)

15. GBPUSD Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.25922
R1 1.26335 S1 1.25509
R2 1.26589 S2 1.25255
R3 1.27002 S3 1.24842
CONCLUSION
Buy Above 1.25908 Take Profit 1.26111 Stop Loss 1.25192
Sell Below 1.25192 Take Profit 1.24958 Stop Loss 1.25908

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 1.35434
R1 1.35868 S1 1.35000
R2 1.36135 S2 1.34733
R3 1.36569 S3 1.34299
CONCLUSION
Buy Above 1.35582 Take Profit 1.35788 Stop Loss 1.34834
Sell Below 1.34834 Take Profit 1.34634 Stop Loss 1.35582

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 106.964
R1 107.210 S1 106.718
R2 107.361 S2 106.567
R3 107.607 S3 106.321
CONCLUSION
Buy Above 107.124 Take Profit 107.256 Stop Loss 106.801
Sell Below 106.801 Take Profit 106.684 Stop Loss 107.124

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