Daily Analysis Report - June 12, 2020 #tradingforex #forextrading #analysis #forexsignals #forexmarket #fx #forexanalysis #forexanalysis #trading #trading #traders #forex #forexeducation #forextrader #daytrading #forexprofit

1. What Chart Says, Today?
June 12, 2020)
Bharat Pandya – info@fxprofitguru.com

2. Eye On Fundamentals

3. Headlines
• South Korea export price index y/y stands at -8.2 pct vs -6.5 pct previous
released.
• South Korea import price index y/y stands at -12.8 pct vs -14.6 pct
previous released.
• New Zealand business PMI stands at 39.7 vs 26.1 previous released.
• Japan revised industrial production stands at -9.8 vs -9.1 pct previous
released (expected -9.1).

4. Economic Data Ahead
• (0200 ET/0600 GMT) U.K. GDP m/m, previous -5.8, expected -9.1.
• (0200 ET/0600 GMT) U.K. manufacturing production m/m, previous -4.6, expected -15.0.
• (0245 ET/0645 GMT) France final CPI m/m, previous 0.0, expected 0.0.
• (0245 ET/0645 GMT) France final HICP m/m, previous 0.1, expected 0.1.
• (0300 ET/0700 GMT) Spain final CPI m/m, previous 0.3, expected 0.3.
• (0300 ET/0700 GMT) Spain final HICP m/m, previous 0.4, expected 0.4.
• (0400 ET/0800 GMT) Italy unemployment rate q/q, previous 9.7.
• (0430 ET/0830 GMT) U.K. inflation expectations, previous 3.0.
• (0500 ET/0900 GMT) Euro Zone industrial production m/m, previous -11.3, expected -20.0.
• (0530 ET/0930 GMT) South Africa business confidence, previous 77.8.
• (0730 ET/1130 GMT) India CPI y/y, previous 5.91, expected 5.50.
• Japan’s Finance Minister Taro Aso: Japan's economy probably hit bottom but the strength of recovery would
depend not just on domestic demand but overseas developments.
• Reserve bank of New Zealand official gives a hint of further economic imbalance.

5. Economic Data Ahead
• Economic Events Ahead:
• (0400 ET/0800 GMT) ECB’s Enria’s speech.
• (0600 ET/1000 GMT) EU Finance ministers’ meeting.

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for June 12, 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. What DID Chart Say, Yesterday?
This is what our daily calls can do?
• Input Limit Orders (All Currency & All Trades)
• Edit the order and add SL & TP
• Exit if Day Balance Sheet is in Profit
Gold 7$ Buy Side 2.5$ & Sell 5+$

9. XAUUSD (H1 Chart)

10. XAUUSD Day Forecasting
INDICATOR H1 CHART
TREND REVERSING UP TREND
Moving Average (Period=75) ABOVE MA
RSI (Period=26) ABOVE RSI LEVEL 50
FIBONACCI PIVOT 1730.77
R1 1739.60 S1 1721.94
R2 1745.05 S2 1716.49
R3 1753.88 S3 1707.66
CONCLUSION
Buy Above 1735.64 Take Profit 1742.17 Stop Loss 1722.03
Sell Below 1722.03 Take Profit 1714.60 Stop Loss 1735.64

11. AUDUSD (H1 Chart)

12. AUDUSD Day Forecasting
INDICATOR H1 CHART
TREND DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 0.68988
R1 0.69616 S1 0.68360
R2 0.70005 S2 0.67971
R3 0.70633 S3 0.67349
CONCLUSION
Buy Above 0.68988 Take Profit 0.69381 Stop Loss 0.67970
Sell Below 0.67970 Take Profit 0.67343 Stop Loss 0.68988

13. EURUSD (H1 Chart)

14. EURUSD Day Forecasting
INDICATOR H1 CHART
TREND DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 1.13298
R1 1.13737 S1 1.12859
R2 1.14007 S2 1.12589
R3 1.14446 S3 1.12150
CONCLUSION
Buy Above 1.13295 Take Profit 1.13563 Stop Loss 1.12729
Sell Below 1.12729 Take Profit 1.12515 Stop Loss 1.13295

15. GBPUSD (H1 Chart)

16. GBPUSD Day Forecasting
INDICATOR H1 CHART
TREND DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 1.26470
R1 1.27113 S1 1.25827
R2 1.27509 S2 1.25431
R3 1.28152 S3 1.24788
CONCLUSION
Buy Above 1.26487 Take Profit 1.26838 Stop Loss 1.25830
Sell Below 1.25380 Take Profit 1.24982 Stop Loss 1.26487

17. USDCAD (H1 Chart)

18. USDCAD Day Forecasting
INDICATOR H1 CHART
TREND UP TREND
Moving Average (Period=75) ABOVE MA
RSI (Period=26) ABOVE RSI LEVEL 50
FIBONACCI PIVOT 1.35524
R1 1.36415 S1 1.34633
R2 1.36965 S2 1.34083
R3 1.37856 S3 1.33192
CONCLUSION
Buy Above 1.36923 Take Profit 1.37694 Stop Loss 1.35049
Sell Below 1.35049 Take Profit 1.34300 Stop Loss 1.36923

19. USDJPY (H1 Chart)

20. USDJPY Day Forecasting
INDICATOR H1 CHART
TREND REVERING DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 106.883
R1 107.136 S1 106.630
R2 107.292 S2 106.474
R3 107.545 S3 106.221
CONCLUSION
Buy Above 107.297 Take Profit 107.669 Stop Loss 106.436
Sell Below 106.436 Take Profit 106.076 Stop Loss 107.297