Daily Analysis Report - June 15, 2020 #tradingforex #forextrading #analysis #forexsignals #forexmarket #fx #forexanalysis #forexanalysis #trading #trading #traders #forex #forexeducation #forextrader #daytrading #forexprofit #currency #forexsignal

1. What Chart Says, Today?
June 15, 2020)
Bharat Pandya – info@fxprofitguru.com

2. Eye On Fundamentals

3. Headlines
• New Zealand FPI m/m stands at -0.8 pct vs 1.0 pct previous released.
• China fixed asset investment stands at -6.3 pct vs -10.3 pct previous released (expected -6.0).
• China industrial production y/y stands at 4.4 pct vs 3.9 pct previous released (expected 5.0).
• China retail sales y/y stands at -2.8 pct vs -7.5 pct previous released (expected -2.3).
• China unemployment rate stands at 5.9 pct vs 6.0 pct previous released (expected 5.9).
• South Korea trade balance stands at 0.45B vs 0.44B previous released.
• Singapore unemployment rate remains unchanged at 2.4 pct.
• Kiwi, Aussie and Yuan starts a new week with negative note as Beijing recorded new more cases of the
novel corona virus.
• Beijing’s biggest wholesale food market is shut down immediately after sudden spike in corona virus
cases.

4. Economic Data Ahead
• (0230 ET/0630 GMT) Swiss PPI, previous -1.3 pct, expected -0.4 pct.
• (0230 ET/0630 GMT) India WPI inflation, previous 1.00, expected -1.05 pct.
• (0400 ET/0800 GMT) Italy CPI m/m, previous -0.1 pct, expected -0.1 pct.
• (0400 ET/0800 GMT) Italy HICP m/m, previous -0.2 pct, expected -0.2 pct.
• (0500 ET/0900 GMT) Euro Zone trade balance, previous 28.2B.
• (0830 ET/1230 GMT) Canada manufacturing sales, previous -9.2 pct,
expected -18.7 pct.
• (0830 ET/1230 GMT) U.S. empire state manufacturing index, previous -
48.5, expected -30.0.

5. Economic Event Ahead
• (1100 ET/1500 GMT) FOMC member Kaplan’s speech.

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for June 15, 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 1731.87
R1 1739.77 S1 1723.97
R2 1744.66 S2 1719.08
R3 1752.56 S3 1711.18
CONCLUSION
Buy Above 1737.20 Take Profit 1744.16 Stop Loss 1721.93
Sell Below 1721.93 Take Profit 1717.72 Stop Loss 1737.20

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 0.68599
R1 0.69027 S1 0.68171
R2 0.69292 S2 0.67986
R3 0.69720 S3 0.67478
CONCLUSION
Buy Above 0.69007 Take Profit 0.69466 Stop Loss 0.67900
Sell Below 0.67900 Take Profit 0.67507 Stop Loss 0.69007

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 1.12706
R1 1.13195 S1 1.12217
R2 1.13496 S2 1.11916
R3 1.13985 S3 1.11427
CONCLUSION
Buy Above 1.13108 Take Profit 1.13355 Stop Loss 1.12143
Sell Below 1.12143 Take Profit 1.11913 Stop Loss 1.13108

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 1.25582
R1 1.26269 S1 1.24895
R2 1.26693 S2 1.24471
R3 1.27380 S3 1.23784
CONCLUSION
Buy Above 1.26079 Take Profit 1.26695 Stop Loss 1.24748
Sell Below 1.24748 Take Profit 1.24459 Stop Loss 1.26079

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 1.35919
R1 1.36451 S1 1.35387
R2 1.36780 S2 1.35058
R3 1.37312 S3 1.34526
CONCLUSION
Buy Above 1.36827 Take Profit 1.37240 Stop Loss 1.35336
Sell Below 1.35336 Take Profit 1.34651 Stop Loss 1.36827

19. USDJPY (H1 Chart)

20. USDJPY Day Forecasting
INDICATOR H1 CHART
TREND DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 107.157
R1 107.526 S1 106.788
R2 107.755 S2 106.559
R3 108.124 S3 106.190
CONCLUSION
Buy Above 107.562 Take Profit 107.782 Stop Loss 106.893
Sell Below 106.89.3 Take Profit 106.636 Stop Loss 107.562