Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
03:01 AM GBP BRC Retail Sales Monitor YoY JUN Medium -0.5%
05:30 AM AUD NAB Business Confidence JUN High 5
01:00 PM EUR ZEW Economic Sentiment
Index JUL
Medium -33.5
06:00 PM USD IBD/TIPP Economic Optimism JUL Medium 38
08:30 PM USD Fed Barkin Speech Medium -
09:00 PM GBP BoE Gov Bailey Speech Medium -

2. AUD/USD TREND: BEARISH
Technical Outlook:
On the daily chart, the AUD/USD continuous to trade in a lower channel. The pair looks to find
support near 0.6700. The outlook remains bearish for the spot.
Indicators Daily chart Status
RSI 35 Bearish
STOCHASTIC 7.34 Bearish
MACD Below midline Bearish
200 EMA 0.7182 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 0.6730 0.6700 0.6670 0.6760

3. NZD/USD TREND: BEARISH
Technical Outlook:
On the daily chart, the NZD/USD pair trades below the critical 0.6115 level. The pair continuous to
trade lower extending the previous week’s downside momentum.
Indicators Daily chart Status
RSI 32 Bearish
STOCHASTIC 7.11 Bearish
MACD Below midline Bearish
200 EMA 0.6638 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 0.6115 0.6085 0.6055 0.6145

4. EUR/USD TREND: BEARISH
Technical Outlook:
The EUR/USD remains pressure below 1.0030 with an underline bearish sentiment. A daily close
below 1.0000 will bring more downside in the spot.
Indicators Daily chart Status
RSI 24 Bearish
STOCHASTIC 3.28 Bearish
MACD Below midline Bearish
200 EMA 1.0973 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 1.0030 1.0000 0.9970 1.0060
.

5. GBP/USD TREND: BEARISH
Technical Outlook:
From the technical perspective, the GBP/USD pair looks bearish as all the technical indicators favour
the negative mood. The spot faces upside rejection near 1.1900.
Indicators Daily chart Status
RSI 32 Bearish
STOCHASTIC 3.27 Bearish
MACD Below midline Bearish
200 EMA 1.2934 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 1.1880 1.1850 1.1820 1.1910

6. USD/JPY TREND: BULLISH
Technical Outlook:
On the daily Chart, the USD/JPY resumes its uptrend breaking above 137.30 level. The current
sentiment favoured the bulls as we expect it to testify 137.50 and 138.0 in one or two sessions.
Indicators Daily chart Status
RSI 66 Bullish
STOCHASTIC 84 Bullish
MACD Above midline Bullish
200 EMA 123.01 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 137.30 137.60 137.90 137.00

7. USD/CAD TREND: BULLISH
Technical Outlook:
On the Daily chart, the USD/CAD extends the gains for the two straight session on Tuesday. An
acceptance above 1.3030 will bring more gains.
Indicators Daily chart Status
RSI 59 Bullish
STOCHASTIC 74 Bullish
MACD Above midline Bullish
200 EMA 1.2730 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 1.3020 1.3050 1.3080 1.2990

8. USD/CHF TREND: BULLISH
Technical Outlook:
USD/CHF tested the psychological level 0.9850 again. However, there is a strong resistance playing
around the same level. Bulls must apply strict stop loss for buy positions.
Indicators Daily chart Status
RSI 63 Bullish
STOCHASTIC 96 Bullish
MACD Above midline Bullish
200 EMA 0.9456 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 0.9830 0.9860 0.9890 0.9800

9. GOLD TREND: BEARISH
Technical Outlook:
On the daily chart, XAU/USD started the day on a lower note. The precious metal manages to hold
$1,725-30 support zone after recovering losses in the previous session.
Indicators Daily chart Status
RSI 25 Bearish
STOCHASTIC 8.16 Bearish
MACD Below midline Bearish
200 EMA $1,844 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY $1,725 $1,735 $1,745 $1,715