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Daily Forex Technical Analysis Report - July 02, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
02 July, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie remains almost unchanged against major peers a er trade bala...
AUD / USD
REPORTFROM:TPGLOBALFXJULY,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1...
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Daily Forex Technical Analysis Report - July 02, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 02 July, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie remains almost unchanged against major peers a er trade balance data; Asian stock markets no ceably up; gold hovers around $1,770 mark Asian Headlines: • Japan monetary base stands at 6.0 vs 3.9 previous released (expected 4.2). • Australia’s trade balance stands at 8.03B vs 7.83B previous released (expected 9.00B). Economic Data Ahead: • (0230 ET/0630 GMT) Swiss CPI m/m, previous 0.0, expected 0.1. • (0300 ET/0700 GMT) Spain unemployment change, previous 26.6K, expected -113.0K. • (0400 ET/0800 GMT) Italy monthly unemployment rate, previous 6.3, expected 7.9. • (0500 ET/0900 GMT) Euro PPI m/m, previous -2.0, expected -0.4. • (0500 ET/0900 GMT) Euro unemployment rate, previous -2.0, expected -0.4. • (0830 ET/1230 GMT) U.S. NFP job data, previous 2509K, expected 3037K. • (0830 ET/1230 GMT) U.S. unemployment rate, previous 13.3, expected 12.4. Economic Events Ahead: • No key events scheduled for the day. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.11% to 97.09. USD/JPY: The Japanese yen trades flat against U.S. dollar and remains well supported below 107.50 marks. Pair rejects key resistance at 108.22 mark and slips back below 107.50 levels. A sustained close above 107.92 will take the parity higher towards key resistance around 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 107.46 will drag the parity down towards 107.04, 106.51, 106.22, 105.98 and 104.20 marks respec vely. AUD/USD: The Aussie remains almost unchanged a er lower than expected trade balance data. The pair made intraday high at $0.6927 and low at $0.6904 marks. On the top side key resistances are seen at $0.6922, $0.6976, $0.7002, $0.7040 and $0.7066 mark respec vely. On the other hand, a consistent close below $0.6833 will take the parity down towards key supports around $0.6799, $0.6760, $0.6722 and $0.6698 mark respec vely. NZD/USD: The kiwi rises gradually against U.S. dollar and hovers around $0.6500 mark. Pair made intraday high at $0.6494 and low at $0.6471 mark. Key resistances are seen at $0.6528, $0.6597, $0.6620 and $0.6665 mark respec vely. Alterna vely, a consistent close below $0.6476 will drag the parity down towards key supports around $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee remains highly vola le against U.S. dollar but consolidates around 75.25 mark. The pair made intraday high at 75.26 and low at 75.15. A sustained close below 74.75 marks will drag the parity down towards 74.48, 74.12 and 73.99 mark. On the top side key resistances are seen at 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely. EUR/USD: The euro trades marginally higher against U.S. dollar ahead of PPI and unemployment rate data. The pair made intraday high at $1.1266 and low at $1.1247 mark. A sustained close above $1.1250 tests key resistances at $1.1290, $1.1322, $1.1372, $1.1422, $1.1448 and $1.1476 mark respec vely. On the other side, a sustained close below $1.1217 will target key supports around $1.1190, $1.1157, $1.1134 and $1.1067 marks respec vely. GBP/USD: The pound appreciates slightly against U.S. dollar and there is no major economic news expec ng from UK. A sustained close above $1.2478 will drag the parity up towards $1.2528, $1.2567, $1.2676, $1.2722, $1.2777, $1.2803 and $1.2849 mark respec vely. Key support levels are seen at $1.2460, $1.2422, $1.2342, $1.2297, $1.2247, $1.2204 and $1.2160 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold experienced high vola lity and downside pressure in previous session. On Thursday, gold hovers around $1,770 mark. Pair made intraday high at $1,772 and low at $1,765 mark. A sustained close above $1,780 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,764, $1,754, $1,748, $1,740, $1,732, $1,722, $1,718, $1,708, $1,702, $1,692 and $1,685 mark respec vely. Key resistances are seen at $1,786, $1,792, $1,796, $1,803 and $1,811 mark respec vely. XAG/USD (Silver): Silver depreciates against U.S. dollar and slips below $18.00 mark in early Asia. A sustained close above $18.18 requires for upside rally. Key support levels are seen at $17.92, $17.80, $17.62, $17.49, $17.40, $17.22, $17.09 and $16.98 marks respec vely. Key resistances are seen at $18.02, $18.38, $18.54, $18.67 and $18.87 marks respec vely.
  3. 3. AUD / USD REPORTFROM:TPGLOBALFXJULY,2020 Time Frame: H1 INDICATORS Trends Up Trend Moving Average (Period=75) Above MA H 1 RIS (Period=26) Above RIS LEVEL 50 FIBO Levels PIVOT R1 0.69366 S1 0.68858 Buy Above 0.69386 0.69538 0.68860 0.68860 0.68716 0.69386 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.69524 S2 0.68700 R3 0.69778 S3 0.68446 R4 0.70190 S4 0.68034 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.69112
  4. 4. EUR / USD REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS Trends Up Trend Moving Average (Period=75) Above MA H 1 RIS (Period=26) Above RIS LEVEL 50 FIBO Levels PIVOT R1 1.12709 S1 1.12021 Buy Above 1.12759 1.12899 1.12360 1.12360 1.12193 1.12759 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.12922 S2 1.11808 R3 1.13266 S3 1.11464 R4 1.13823 S4 1.10907 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.12365 JULY,
  5. 5. GBP / USD REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS Trends Up Trend Moving Average (Period=75) Above MA H 1 RIS (Period=26) Above RIS LEVEL 50 FIBO Levels PIVOT R1 1.24909 S1 1.23911 Buy Above 1.25320 1.25682 1.23850 1.23850 1.23543 1.25320 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.25218 S2 1.23602 R3 1.25717 S3 1.23103 R4 1.26525 S4 1.22295 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.24410 JULY,
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.35988 S1 1.35562 Buy Above 1.36232 1.36434 1.35744 1.35744 1.35519 1.36232 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.36119 S2 1.35431 R3 1.36332 S3 1.35218 R4 1.36676 S4 1.34874 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.35775 Trend Reversing Down Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 JULY,
  7. 7. USD /JPY REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 107.964 S1 107.352 Buy Above 107.801 107.999 107.351 107.351 107.138 107.801 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 108.152 S2 107.164 R3 108.458 S3 106.858 R4 108.952 S4 106.364 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 107.658 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 JULY,
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1784.08 S1 1761.28 Buy Above 1776.55 1781.61 1764.98 1764.98 1760.28 1776.55 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1791.13 S2 1754.23 R3 1802.53 S3 1742.83 R4 S4 1724.38 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1772.68 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1820.98 JULY,
  9. 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com REPORTFROM:TPGLOBALFX /tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia. Disclamer: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note

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