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Daily Forex Technical Analysis Report - July 06, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
06 July, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen trades marginally lower in early Asia; Asian stock mar...
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 06, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 06 July, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen trades marginally lower in early Asia; Asian stock markets extremely up; gold trades flat at $1,772 mark Asian Headlines: • New Zealand AND commodity prices m/m stands at -0.7 vs 1.1 previous released. • Australia MI infla on gauge stands at 0.6 pct vs -1.2 pct previous released. • Hong Kong manufacturing PMI stands at 49.6 vs 43.9 previous released. Economic Data Ahead: • (0200 ET/0600 GMT) German factory orders m/m, previous -25.8 pct, expected 15.1 pct. • (0430 ET/0830 GMT) Euro Sen x investor confidence, previous -24.8, expected -10.8. • (0430 ET/0830 GMT) U.K. construc on PMI, previous 28.9, expected 46.0. • (0500 ET/0900 GMT) Euro retail sales, previous -11.7 pct , expected 15.0 pct. • (0945 ET/1345 GMT) U.S. final service PMI, previous 46.7, expected 47.0. • (1000 ET/1400 GMT) U.S. ISM non – manufacturing PMI, previous 45.4, expected 50.0. Economic Events Ahead: • (1030 ET/1430 GMT) Bank of Canada business outlook survey. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.22% to 96.96. USD/JPY: The Japanese yen starts a new week on a nega ve note against U.S. dollar and hovers around 107.70 mark. A sustained close above 107.49 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 107.49 will drag the parity down towards 107.04, 106.51, 106.22, 105.98 and 104.20 marks respec vely. AUD/USD: The Aussie rises in early Asia as markets await RBA’s interest rate decision due tomorrow. The pair made intraday high at $0.6968 and low at $0.6928 marks. On the top side key resistances are seen at $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 appreciates gradually against U.S. dollar and touches $0.6554 mark in early Asia. Pair made intraday high at $0.6554 and low at $0.6517 mark. Key resistances are seen at $0.6597, $0.6620 and $0.6665 mark respec vely. Alterna vely, a consistent close below $0.6531 will drag the parity down towards key supports around $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee rises remarkably against U.S. dollar and hits fresh 4 – month high at 73.83 mark. The pair made intraday high at 74.49 and low at 73.83. A sustained close below 74.00 marks will drag the parity down towards 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the top side key resistances are seen at 74.54, 75.02, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely. EUR/USD: The euro strengthens against U.S. dollar ahead of retail sales data. The pair made intraday high at $1.1292 and low at $1.1240 mark. A sustained close above $1.1290 tests key resistances at $1.1322, $1.1372, $1.1422, $1.1448 and $1.1476 mark respec vely. On the other side, a sustained close below $1.1240 will target key supports around $1.1190, $1.1157, $1.1134 and $1.1067 marks respec vely. GBP/USD: The pound moves in s ff boundaries against U.S. dollar and stabilizes above $1.2450 mark. A sustained close above $1.2481 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 $1.2457, $1.2422, $1.2342, $1.2297, $1.2247, $1.2204 and $1.2160 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold moves range bound in early Asia. Today pair made intraday high at $1,776 and low at $1,770 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 $1,754, $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 trades flat against U.S. dollar and consolidates around $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 0.69459 S1 0.69199 Buy Above 0.69740 0.69855 0.69328 0.69328 0.69197 0.69740 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss NOTE: ANZ Job Advertisements m/m - DATA RELEASED AND MOVEMENT IS GIVEN ALREADY!! R2 0.69540 S2 0.69118 R3 0.69670 S3 0.68988 R4 0.69881 S4 0.68777 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.69329
  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 1.12508 S1 1.12260 Buy Above 1.13036 1.13200 1.12379 1.12379 1.12257 1.13036 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.12585 S2 1.12183 R3 1.12709 S3 1.12059 R4 1.12910 S4 1.11858 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.12384 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 1.24874 S1 1.24502 Buy Above 1.25130 1.25395 1.24668 1.24668 1.24509 1.25130 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.24989 S2 1.24387 R3 1.25175 S3 1.24201 R4 1.25476 S4 1.23900 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.24688 JULY,
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.35717 S1 1.35435 Buy Above 1.35833 1.36000 1.35215 1.35215 1.35034 1.35833 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.35803 S2 1.35349 R3 1.35944 S3 1.35208 R4 1.36171 S4 1.34981 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.35576 Trend Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 JULY,
  7. 7. USD /JPY REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 107.542 S1 107.442 Buy Above 107.777 107.858 107.490 107.490 107.409 107.777 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 107.574 S2 107.410 R3 107.624 S3 107.360 R4 107.706 S4 107.278 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 107.492 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 JULY,
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1776.81 S1 1773.41 Buy Above 1778.77 1782.82 1767.30 1767.30 1763.64 1778.77 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1777.85 S2 1772.37 R3 1779.55 S3 1770.67 R4 S4 1767.93 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1775.11 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1782.29 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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