Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
03:50 AM JPY Current Account May Medium 128.4B
04:30 PM CAD Unemployment Rate JUN High 5.1%
04:30 PM USD Non Farm Payrolls JUN High 300k
04:30 PM USD Unemployment Rate JUN High 3.6%

2. AUD/USD TREND: BEARISH
Technical Outlook:
On the daily chart, the AUD/USD pair took breather near 0.6820 as it failed to capitalize on the
previous session gains. The spot looks pessimistic below 0.6850 and expected to trade with negative
bias.
Indicators Daily chart Status
RSI 40 Bearish
STOCHASTIC 23 Bearish
MACD Below midline Bearish
200 EMA 0.7180 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6810 0.6840 0.6870 0.6780

3. NZD/USD TREND: BEARISH
Technical Outlook:
NZD/USD whipsaws in a very narrow trading range with a negative bias. The pair looks pressured
around 0.6200. A sell on rise opportunity for traders.
Indicators Daily chart Status
RSI 36 Bearish
STOCHASTIC 18 Bearish
MACD Below midline Bearish
200 EMA 0.6650 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6180 0.6210 0.6240 0.6150

4. EUR/USD TREND: BEARISH
Technical Outlook:
EUR/USD testes the fresh all-time low below 1.0150 amid risk-off sentiment. For, the past two-
trading session it seems bears able to defend the lower levels. However, a close below the
mentioned level would accelerate the selling further.
Indicators Daily chart Status
RSI 27 Bearish
STOCHASTIC 1 Bearish
MACD Below midline Bearish
200 EMA 1.0950 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 1.0205 1.0175 1.0145 1.0245
.

5. GBP/USD TREND: BEARISH
Technical Outlook:
GBP/USD makes another futile attempt to move beyond 1.2050 mark. The spot retraced from the
higher levels in the Asian session indicating the presence of sellers.
Indicators Daily chart Status
RSI 37 Bearish
STOCHASTIC 30 Bearish
MACD Below midline Bearish
200 EMA 1.2950 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.1945 1.1975 1.1205 1.1915

6. USD/JPY TREND: BULLISH
Technical Outlook:
On the daily chart, USD/JPY consolidates in a short-term range of 135.50-136.00 for the past few
trading sessions. The break of the range would decide next directional bias. We expect some a minor
downside in the pair on intraday basis.
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
Sell 135.70 135.40 135.10 136.00

7. USD/CAD TREND: BULLISH
Technical Outlook:
USD/CAD once again turns north ignoring the previous trading session downside move. The
underlying bullish sentiment as depicted by the momentum oscillators promises gains in intraday.
Indicators Daily chart Status
RSI 58 Bullish
STOCHASTIC 71 Bullish
MACD Above midline Bullish
200 EMA 1.2710 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.3035 1.3005 1.2975 1.3065

8. USD/CHF TREND: BULLISH
Technical Outlook:
The USD/CHF pair after period of consolidation, finally broke the range and register good amount of
jump above 0.9740. The ‘round bottom’ formation points to more gains in coming few sessions.
Indicators Daily chart Status
RSI 56 Bullish
STOCHASTIC 96 Bullish
MACD Above midline Bullish
200 EMA 0.9440 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.9690 0.9660 0.9630 0.9720

9. GOLD TREND: BEARISH
Technical Outlook:
On the daily chart, the XAU/USD pair continues to dance on the familiar tune. A move above $1,845
or below $1,835 will offer fresh trading impetus on the last trading day of the week.
Indicators Daily chart Status
RSI 27 Bearish
STOCHASTIC 8 Bearish
MACD Below midline Bearish
200 EMA $1,846 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy $1,745 $1,755 $1,765 $1,735
Alternative Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell $1,735 $1,725 $1,715 $1,745