Daily Analysis Report - July 17, 2020

1. What Chart Says, Today?
July 17, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• New Zealand business manufacturing index stands at 56.3 vs 39.8 previous release.
• Singapore trade balance stands at 4.800B vs 4.520B previous release.

4. Economic Data Ahead
• (0500 ET/0900 GMT) Euro Final CPI y/y, previous 0.3 pct, expected 0.3.
• (0830 ET/1230 GMT) U.S. housing starts, previous 0.97M, expected 1.17M.
• (0830 ET/1230 GMT) Canada wholesales sales m/m, previous -21.6 pct.
• (1000 ET/1400 GMT) U.S. Prelim UoM consumer senment, previous 78.1, expected
79.9.

5. Economic Event Ahead
• (0600 ET/1000 GMT) U.K. BOE Governor Bailey’s speech.

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for July 17, 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 Reversing Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1801.38
R1 1808.41 S1 1794.35
R2 1812.75 S2 1790.01
R3 1819.78 S3 1782.98
CONCLUSION
Buy Above 1808.56 Take Profit 1812.15 Stop Loss 1790.31
Sell Below 1790.31 Take Profit 1784.46 Stop Loss 1808.56

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 0.69820
R1 0.70011 S1 0.69629
R2 0.70130 S2 0.69510
R3 0.70321 S3 0.69319
CONCLUSION
Buy Above 0.70144 Take Profit 0.70290 Stop Loss 0.69569
Sell Below 0.69569 Take Profit 0.69435 Stop Loss 0.70144

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 1.13980
R1 1.14252 S1 1.13708
R2 1.14419 S2 1.13541
R3 1.14691 S3 1.13269
CONCLUSION
Buy Above 1.14300 Take Profit 1.14526 Stop Loss 1.13766
Sell Below 1.13766 Take Profit 1.13497 Stop Loss 1.14300

14. GBPUSD (H1 Chart)

15. GBPUSD Day Forecasting
INDICATOR H1 CHART
TREND Neutral Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.25653
R1 1.26053 S1 1.25253
R2 1.26299 S2 1.25007
R3 1.26699 S3 1.24607
CONCLUSION
Buy Above 1.25908 Take Profit 1.26111 Stop Loss 1.25252
Sell Below 1.25252 Take Profit 1.24958 Stop Loss 1.25908

16. USDCAD (H1 Chart)

17. USDCAD Day Forecasting
INDICATOR H1 CHART
TREND Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1.35520
R1 1.35824 S1 1.35216
R2 1.36012 S2 1.35028
R3 1.36316 S3 1.34724
CONCLUSION
Buy Above 1.36148 Take Profit 1.36324 Stop Loss 1.35443
Sell Below 1.35443 Take Profit 1.35220 Stop Loss 1.36148

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 107.025
R1 107.186 S1 106.864
R2 107.285 S2 106.765
R3 107.446 S3 106.586
CONCLUSION
Buy Above 107.427 Take Profit 107.529 Stop Loss 107.007
Sell Below 107.007 Take Profit 106.892 Stop Loss 107.427

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