Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
02:30 AM NZD Business NZ PMI JUN Medium 49.7
(actual)
01:00 PM EUR Balance of Trade MAY Medium 32.4B
04:30 PM USD Retail Sales MoM JUN High 0.5%
06:00 PM USD Michigan Consumer Sentiment
Prel JUL
High 49.3

2. AUD/USD TREND: BEARISH
Technical Outlook:
AUD/USD on the way to end the week on a lower note. The spot breached the psychological level of
0.6750. More downside toward 0.6700 and beyond cannot be ruled out.
Indicators Daily chart Status
RSI 37 Bearish
STOCHASTIC 21 Bearish
MACD Below midline Bearish
200 EMA 0.7177 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 0.6745 0.6715 0.6685 0.6775

3. NZD/USD TREND: BEARISH
Technical Outlook:
NZD/USD attempted to recover from the previous session’s sell-off. But, faces strong upside
rejection near 0.6150. A sell on rise opportunity for traders.
Indicators Daily chart Status
RSI 35 Bearish
STOCHASTIC 27 Bearish
MACD Below midline Bearish
200 EMA 0.6633 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 0.6130 0.6100 0.6070 0.6160

4. EUR/USD TREND: BEARISH
Technical Outlook:
The EUR/USD remained pressured below 1.0050 with a negative bias. However, we expect a range
bound movement with no clear directional bias.
Indicators Daily chart Status
RSI 26 Bearish
STOCHASTIC 11 Bearish
MACD Below midline Bearish
200 EMA 1.0963 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 1.0030 1.0000 0.9970 0.9940
.

5. GBP/USD TREND: BEARISH
Technical Outlook:
On the daily chart, the GBP/USD pair continues to exhibit sideways moves. After breaching 1.1800 in
the last session the spot rebounds but with limited upside movement.
Indicators Daily chart Status
RSI 31 Bearish
STOCHASTIC 13 Bearish
MACD Below midline Bearish
200 EMA 1.2922 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 1.1835 1.1805 1.1775 1.1875

6. USD/JPY TREND: BULLISH
Technical Outlook:
USD/JPY continues to print gains with no hesitation. A weekly close above 139.50 could bring more
gains for further sessions.
Indicators Daily chart Status
RSI 71 Bullish
STOCHASTIC 90 Bullish
MACD Above midline Bullish
200 EMA 121.90 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 138.90 139.20 139.50 138.60

7. USD/CAD TREND: BULLISH
Technical Outlook:
USD/CAD tested two-year high above 1.3220 in the previous trading session. The pair takes round
above 1.3100. Any minor correction could be a good entry point for fresh long position.
Indicators Daily chart Status
RSI 62 Bullish
STOCHASTIC 71 Bullish
MACD Above midline Bullish
200 EMA 1.2733 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 1.3100 1.3130 1.3160 1.3070

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 0.9840 in the last trading session. The mentioned level remained a critical level to
cross.
Indicators Daily chart Status
RSI 61 Bullish
STOCHASTIC 85 Bullish
MACD Above midline Bullish
200 EMA 0.9460 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 tested 11-month low around $1,697 in the last session. The volatility
has increased after breaking the $1,740 level.
Indicators Daily chart Status
RSI 24 Bearish
STOCHASTIC 8.0 Bearish
MACD Below midline Bearish
200 EMA $1,842 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL $1,710 $1,700 $1,690 $1,720