Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
03:01 AM GBP RICS House Price Balance JUN Medium 71%
05:30 AM AUD Unemployment Rate JUN High 8.8%
08:30 AM JPY Industrial Production MoM
Final MAY
Medium -7.2%
04:30 PM USD PPI MoM JUN High 0.9%
04:30 PM USD Initial Jobless Claims 09/JUL High 238K

2. AUD/USD TREND: BEARISH
Technical Outlook:
AUD/USD offers fresh buying bids above 0.6750. However, the 0.6800 psychological level remains a
challenge to hold on. A daily close above the mentioned level is a pre-requisite to sustain the upside
momentum.
Indicators Daily chart Status
RSI 40 Bearish
STOCHASTIC 28.43 Bearish
MACD Below midline Bearish
200 EMA 0.7177 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 0.6790 0.6760 0.6730 0.6820

3. NZD/USD TREND: BEARISH
Technical Outlook:
NZD/USD opened lower on Thursday but recovered from the early lower levels. The pair tested
0.6102. Now, a critical level is placed around 0.6130-35 zone.
Indicators Daily chart Status
RSI 35 Bearish
STOCHASTIC 20 Bearish
MACD Below midline Bearish
200 EMA 0.6633 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 0.6135 0.6105 0.6075 0.6165

4. EUR/USD TREND: BEARISH
Technical Outlook:
The EUR/USD pair offers no fresh trading opportunity for day traders. As it glides into a consolidation
phase following a medium-trend downside. We expect it to trade in 1.0010-1.0060 range.
Indicators Daily chart Status
RSI 26 Bearish
STOCHASTIC 6.64 Bearish
MACD Below midline Bearish
200 EMA 1.0963 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 1.0020 1.0050 1.0080 0.9990
.

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 33 Bearish
STOCHASTIC 14 Bearish
MACD Below midline Bearish
200 EMA 1.2922 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:
USD/JPY is likely to advance further but before that a minor consolidation could be expected in the
spot. The pair tagged the 24-year high above 138.00 with bullish momentum indicators.
Indicators Daily chart Status
RSI 64 Bullish
STOCHASTIC 80 Bullish
MACD Above midline Bullish
200 EMA 121.90 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 138.00 138.30 138.60 137.70

7. USD/CAD TREND: BULLISH
Technical Outlook:
On the daily chart, the USD/CAD pair extends the losses for the second straight session on Thursday.
An acceptance below 1.2950 will bring more losses.
Indicators Daily chart Status
RSI 55 Bullish
STOCHASTIC 58 Bullish
MACD Above midline Bullish
200 EMA 1.2733 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 1.2960 1.2990 1.3020 1.2930

8. USD/CHF TREND: BULLISH
Technical Outlook:
USD/CHF traded in a very narrow range but with a positive bias. The pair retreated after testing the
intraday highs of 0.9827. A dip-buying opportunity, traders are advised to follow a strict stop loss.
Indicators Daily chart Status
RSI 60 Bullish
STOCHASTIC 86 Bullish
MACD Above midline Bullish
200 EMA 0.9460 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 0.9810 0.9840 0.9880 0.9780

9. GOLD TREND: BEARISH
Technical Outlook:
On the daily chart, XAU/USD started the day on a lower note as it failed to sustain the higher levels.
The precious metal manages to hold $1,725-30 support zone.
Indicators Daily chart Status
RSI 28 Bearish
STOCHASTIC 18 Bearish
MACD Below midline Bearish
200 EMA $1,842 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL $1,735 $1,725 $1,715 $1,745