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Daily Forex Technical Analysis Report - July 10, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
10 July, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen hits fresh 2 – week high at 106.92 mark, Asian stock m...
AUD / USD
REPORTFROM:TPGLOBALFXJULY,2020
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below MA
H...
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Daily Forex Technical Analysis Report - July 10, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 10 July, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen hits fresh 2 – week high at 106.92 mark, Asian stock markets extremely down; gold hovers around $1,800 mark Asian Headlines: • Japan PPI y/y stands at -1.6 pct vs -2.8 pct previous released (expected -2.0). • Japan PPI m/m stands at -0.5 vs 0.6 pct previous release (expected 0.4). Economic Data Ahead: • (0245 ET/0645 GMT) France industrial produc on, previous -20.1, expected 15.2 pct. • (0400 ET/0800 GMT) Italy industrial produc on, previous -19.1, expected 23.5 pct. • (0830 ET/1230 GMT) Canada employment change, previous 289.6K, expected 700.0K. • (0830 ET/1230 GMT) Canada unemployment rate, previous 13.7, expected 12.0. • (0830 ET/1230 GMT) U.S. PPI m/m, previous 0.4, expected 0.4. • (0830 ET/1230 GMT) U.S. core PPI m/m, previous -0.1, expected 0.1. 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 up 0.17% to 96.86. USD/JPY: The Japanese yen rises in early Asia on robust PPI data. A sustained close above 107.51 will take the parity higher towards key resistance around 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 106.84 will drag the parity down towards 106.51, 106.22, 105.98 and 104.20 marks respec vely. AUD/USD: The Aussie trades marginally lower against U.S. dollar and stabilizes below $0.6950 mark. The pair made intraday high at $0.6965 and low at $0.6935 marks. On the top side key resistances are seen at $0.7002, $0.7040 and $0.7066 mark respec vely. On the other hand, a consistent close below $0.6945 will take the parity down towards key supports around $0.6928, $0.6833, $0.6799, $0.6760, $0.6722 and $0.6698 mark respec vely. NZD/USD: The kiwi trades almost flat against U.S. dollar and hovers around $0.6550 mark in early Asia. Pair made intraday high at $0.6571 and low at $0.6546 mark. Key resistances are seen at $0.6597, $0.6620 and $0.6665 mark respec vely. Alterna vely, a consistent close below $0.6545 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 trades no ceably lower against U.S. dollar and jumps above 75.00 mark. The pair made intraday high at 75.01 and low at 74.89. A sustained close below 74.36 marks will drag the parity down towards 74.00, 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the top side key resistances are seen at 75.02, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely. EUR/USD: The euro falls sharply against U.S. dollar and slips back below $1.13 mark. The pair made intraday high at $1.290 and low at $1.1268 mark. A sustained close above $1.1330 tests key resistances at $1.1372, $1.1422, $1.1448 and $1.1476 mark respec vely. On the other side, a sustained close below $1.1272 will target key supports around $1.1240, $1.1190, $1.1157, $1.1134 and $1.1067 marks respec vely. GBP/USD: The pound trades flat against U.S. dollar and hovers around $1.2600 mark. A sustained close above $1.2609 will drag the parity up towards $1.2676, $1.2722, $1.2777, $1.2803 and $1.2849 mark respec vely. Key support levels are seen at $1.2572, $1.2540, $1.2457, $1.2422, $1.2342, $1.2297, $1.2247, $1.2204 and $1.2160 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold remained vola le in previous session. Today pair made intraday high at $1,804 and low at $1,799 mark. A sustained close above $1,809 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,790, $1,784, $1,770, $1,754, $1,748, $1,740, $1,732, $1,722 and $1,718 mark respec vely. Key resistances are seen at $1,817, $1,824, $1,832 and $1,842 mark respec vely. XAG/USD (Silver): Silver trades flat at $18.60 mark in early Asia. A sustained close above $18.72 requires for upside rally. Key support levels are seen at $18.62, $18.48, $18.18, $18.02, $17.92 and $17.80 respec vely. Key resistances are seen at $18.72, $18.87, $18.94, $19.00, $19.10 and $19.32 marks respec vely.
  3. 3. AUD / USD REPORTFROM:TPGLOBALFXJULY,2020 Time Frame: H1 INDICATORS Trends Down Trend Moving Average (Period=75) Below MA H 1 RIS (Period=26) Below RIS LEVEL 50 FIBO Levels PIVOT R1 0.69904 S1 0.69514 Buy Above 0.69763 0.69933 0.69174 0.69174 0.69010 0.69763 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.70024 S2 0.69394 R3 0.70219 S3 0.69199 R4 0.70534 S4 0.68884 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.69709
  4. 4. EUR / USD REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS Trends Down Trend Moving Average (Period=75) Below MA H 1 RIS (Period=26) Below RIS LEVEL 50 FIBO Levels PIVOT R1 1.13564 S1 1.13178 Buy Above 1.13228 1.13471 1.12530 1.12530 1.12350 1.13228 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.13684 S2 1.13058 R3 1.13877 S3 1.12865 R4 1.14190 S4 1.12552 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.13371 JULY,
  5. 5. GBP / USD REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS Trends Down Trend Moving Average (Period=75) Below MA H 1 RIS (Period=26) Below RIS LEVEL 50 FIBO Levels PIVOT R1 1.26515 S1 1.25943 Buy Above 1.26317 1.26602 1.25659 1.25659 1.25343 1.26317 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.26692 S2 1.25766 R3 1.26978 S3 1.25480 R4 1.27441 S4 1.25017 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.26229 JULY,
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.35957 S1 1.35167 Buy Above 1.36243 1.36464 1.35419 1.35419 1.35168 1.36243 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.36201 S2 1.34923 R3 1.36596 S3 1.34528 R4 1.37235 S4 1.33889 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.35562 Trend Up 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 107.341 S1 107.111 Buy Above 107.281 107.387 106.792 106.792 106.639 107.281 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 107.411 S2 107.041 R3 107.526 S3 106.926 R4 107.711 S4 106.741 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 107.226 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 1812.38 S1 1796.94 Buy Above 1813.52 1817.92 1795.77 1795.77 1788.96 1813.52 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1817.14 S2 1792.18 R3 1824.86 S3 1784.46 R4 S4 1771.98 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1804.66 Trends Neutral Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1837.34 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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