Weekly Analysis Report (W.A.R) - May 17, 2020 #tradingforex #forextrading #analysis #forexsignals #forexmarket #fx #forexanalysis #forexanalysis #trading #trading #traders #forex #forexeducation #forextrader #daytrading #forexprofit

1. WHAT CHART SAYS, THIS WEEK?
(25 MAY – 29 MAY, 2020)
- BHARAT PANDYA
BHARAT@TPGLOBALFX.NET

2. EYE ON FUNDAMENTALS (LAST WEEK)

3. ECONOMY-GLOBAL
 U.S.-China Trade Tensions Are Back: Global Economy Week Ahead
 President Donald Trump escalated his rhetoric against China over the pandemic, the Senate approved legislation
that could lead to Chinese companies being barred from trading on U.S. stock exchanges, and a retirement-
savings plan for federal workers deferred a plan to include Chinese stocks in its investments.
Source:Bloomberg

4. ECONOMY-EURO
 Europe’s Bread Lines Get New Faces
in Warning of Crisis to Come
 Chart shows risk of losing job in Euro
zone
Source:Bloomberg

5. ECONOMY-EURO
 ECB Signals June Stimulus With Swift Recovery Ruled Out
 European Central Bank officials have given up on the idea of a swift economic rebound from the pandemic and are
ready to add stimulus again next month if new information suggests existing efforts aren’t enough.
Source:Bloomberg

6. ECONOMY-UK
 U.K. Posts Record Budget Deficit; Retail Sales Drop on Virus
Source:Bloomberg

7. ECONOMY-USA
 Americans Again File by the Millions for Unemployment Benefits
Source:Bloomberg

8. COVID 19 UPDATE
 Russian Deaths Rise; India Is New Asian Hot Spot: Virus Update
Source:Bloomberg

9. TECHNICAL AALYSIS

10. WHAT CHART SAYS, THIS WEEK?
 We are presenting an analysis for Major Currency Crosses, Gold & Crude for the next coming week
starting on MAY 25, 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 week.
 Due to High volatility, keep your SL & TP to manage RISK:REWARD Ratio
 Trade Less…Trade On Perfect Levels….

11. XAUUSD (H4 CHART)

12. XAUUSD WEEK FORECASTING
* Since Higher Time Frames are analysed, Trigger Prices are for Positional Trades Only!
INDICATOR DAILY CHART
TREND UP TREND
Moving Average (Period=75) ABOVE MA
RSI (Period=26) ABOVE RSI LEVEL 50
FIBONACCI PIVOT 1728.70
R1 1751.44 S1 1705.96
R2 1765.49 S2 1691.91
R3 1788.23 S3 1669.17
CONCLUSION
Buy Above 1739
Sell Below 1720.24

13. AUDUSD (H4 CHART)

14. AUDUSD WEEK FORECASTING
* Since Higher Time Frames are analysed, Trigger Prices are for Positional Trades Only!
INDICATOR DAILY CHART
TREND UP TREND
Moving Average (Period=75) ABOVE MA
RSI (Period=26) ABOVE RSI LEVEL 50
FIBONACCI PIVOT 0.64591
R1 0.65199 S1 0.63983
R2 0.65575 S2 0.63607
R3 0.66183 S3 0.62999
CONCLUSION
Buy Above 0.65575
Sell Below 0.64591

15. EURUSD (H4 CHART)

16. EURUSD WEEK FORECASTING
* Since Higher Time Frames are analysed, Trigger Prices are for Positional Trades Only!
INDICATOR DAILY CHART
TREND UP TREND
Moving Average (Period=75) ABOVE MA
RSI (Period=26) ABOVE RSI LEVEL 50
FIBONACCI PIVOT 1.08295
R1 1.08760 S1 1.07830
R2 1.09047 S2 1.07543
R3 1.09512 S3 1.07078
CONCLUSION
Buy Above 1.09267
Sell Below 1.08741

17. GBPUSD (H4 CHART)

18. GBPUSD WEEK FORECASTING
* Since Higher Time Frames are analysed, Trigger Prices are for Positional Trades Only!
INDICATOR DAILY CHART
TREND DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 1.22134
R1 1.23417 S1 1.20851
R2 1.24210 S2 1.20058
R3 1.25493 S3 1.18775
CONCLUSION
Buy Above 1.22152
Sell Below 1.21472

19. USDCAD (H4 CHART)

20. USDCAD WEEK FORECASTING
* Since Higher Time Frames are analysed, Trigger Prices are for Positional Trades Only!
INDICATOR DAILY CHART
TREND UP TREND
Moving Average (Period=75) ABOVE MA
RSI (Period=26) ABOVE RSI LEVEL 50
FIBONACCI PIVOT 1.40505
R1 1.41424 S1 1.39586
R2 1.41992 S2 1.39018
R3 1.42991 S3 1.38099
CONCLUSION
Buy Above 1.40505
Sell Below 1.39586

21. USDJPY (H4 CHART)

22. USDJPY WEEK FORECASTING
* Since Higher Time Frames are analysed, Trigger Prices are for Positional Trades Only!
INDICATOR DAILY CHART
TREND UP TREND
Moving Average (Period=75) ABOVE MA
RSI (Period=26) ABOVE RSI LEVEL 50
FIBONACCI PIVOT 107.135
R1 107.622 S1 106.648
R2 107.924 S2 106.346
R3 107.411 S3 105.859
CONCLUSION
Buy Above 107.705
Sell Below 107.370

23. SPECIALLY SCREENED FOR

24. THANKS FOR YOUR TIME!!