Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
11:00 am EUR ECB Non-Monetary Policy Meeting High -
12:30 pm GBP S&P Global/CIPS Construction
PMI JUN
Medium 54
01:00 pm EUR Retail Sales YoY MAY Medium 3.1%
05:45 pm USD S&P Global/CIPS Construction
PMI JUN
Medium 51.6
06:00 pm USD ISM Non-Manufacturing PMI JUN High 55.2
06:00 pm USD JOLTs Job Openings MAY High 11.3M
10:00 pm USD FOMC Minutes High -

2. AUD/USD TREND: BEARISH
Technical Outlook:
On the daily chart AUD/USD trades quietly below the psychological 0.6800 mark. The pair lost more
than 100-pip in the previous trading session. We expect a range bound price move with a sell on rise
trading opportunity
Indicators Daily chart Status
RSI 36 Bearish
STOCHASTIC 10 Bearish
MACD Below midline Bearish
200 EMA 07180 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 0.6800 0.6770 0.6740 0.6830

3. NZD/USD TREND: BEARISH
Technical Outlook:
NZD/USD trades in a descending channel on the daily time-frame. The pair tested lows of 0.6124 in
the last trading session. A break below 0.6150 would ensure the continuation of the downside
momentum.
Indicators Daily chart Status
RSI 33 Bearish
STOCHASTIC 13 Bearish
MACD Below midline Bearish
200 EMA 0.6650 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 0.6165 0.6135 0.6105 0.6195

4. EUR/USD TREND: BEARISH
Technical Outlook:
EUR/USD finds no sign of reversals as it tested the lower levels seen in the past 19-year. The fall on
nearly 200-pip in a single day makes bear hopeful for the continuation of the trend.
Indicators Daily chart Status
RSI 31 Bearish
STOCHASTIC 3.81 Bearish
MACD Below midline Bearish
200 EMA 1.0950 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 1.0250 1.0220 1.0180 1.028
.

5. GBP/USD TREND: BEARISH
Technical Outlook:
GBP/USD extends the previous session’s losses on Wednesday. The yesterday’s sell-off breaks the
one-month low of 1.1933 and is on the way to test 1.1900 or below.
Indicators Daily chart Status
RSI 31 Bearish
STOCHASTIC 7 Bearish
MACD Below midline Bearish
200 EMA 1.2950 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 1.1940 1.1910 1.1880 1.1970

6. USD/JPY TREND: BULLISH
Technical Outlook:
On the daily chart, USD/JPY found good support around 135.40. The formation of a ‘spinning top’
and divergence on the RSI indicates some profit booking is expected in the spot.
Indicators Daily chart Status
RSI 56 Bullish
STOCHASTIC 63 Bullish
MACD Above midline Bullish
200 EMA 122.10 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 135.40 135.10 134.80 135.70

7. USD/CAD TREND: BULLISH
Technical Outlook:
On the daily chart, USD/CAD sustained the previous session’s gains and touched the intraday highs
of 1.3048. However, a triple top formation indicates retracement could be expected.
Indicators Daily chart Status
RSI 62 Bullish
STOCHASTIC 84 Bullish
MACD Above midline Bullish
200 EMA 1.2710 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 1.3035 1.3065 1.3095 1.3005

8. USD/CHF TREND: NEUTRAL
Technical Outlook:
USD/CHF manages to trade near the critical 0.9690 higher level. The technical indicator also support
the upside momentum in the spot but in a strict price range.
Indicators Daily chart Status
RSI 51 Bullish
STOCHASTIC 78 Bullish
MACD Below midline Bearish
200 EMA 0.9440 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 0.9680 0.9710 0.9740 0.9650

9. GOLD TREND: BEARISH
Technical Outlook:
The yellow metal registered single day-biggest fall since June 13. The spot holds near $1,760 with a
negative bias.
Indicators Daily chart Status
RSI 30 Bearish
STOCHASTIC 17 Bearish
MACD Below midline Bearish
200 EMA $1,846 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell $1,770 $1,760 $1,750 $1,780