Successfully reported this slideshow.
Your SlideShare is downloading. ×

Daily Forex Technical Analysis Report - July 17, 2020

Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
17 July, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen consolidates around 107.00 mark against U.S. dollar; A...
AUD / USD
REPORTFROM:TPGLOBALFXJULY,2020
Time Frame: H1
INDICATORS
Trends Reversing Up Trend
Moving Average (Period=75) Ab...
Advertisement
Loading in …3
×

Check these out next

1 of 9 Ad

More Related Content

Slideshows for you (20)

Similar to Daily Forex Technical Analysis Report - July 17, 2020 (18)

Advertisement

More from TPGlobalFX (20)

Recently uploaded (20)

Advertisement

Daily Forex Technical Analysis Report - July 17, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 17 July, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen consolidates around 107.00 mark against U.S. dollar; Asian stock markets mixed; gold hovers around $1,800 mark Asian Headlines: • New Zealand business manufacturing index stands at 56.3 vs 39.8 previous release. • Singapore trade balance stands at 4.800B vs 4.520B previous release. Economic Data Ahead: • (0500 ET/0900 GMT) Euro Final CPI y/y, previous 0.3 pct, expected 0.3. • (0830 ET/1230 GMT) U.S. housing starts, previous 0.97M, expected 1.17M. • (0830 ET/1230 GMT) Canada wholesales sales m/m, previous -21.6 pct. • (1000 ET/1400 GMT) U.S. Prelim UoM consumer sen ment, previous 78.1, expected 79.9. Economic Events Ahead: • (0600 ET/1000 GMT) U.K. BOE Governor Bailey’s speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.08% to 96.27. USD/JPY: The Japanese yen trades flat against U.S. dollar and hovers around 107.00 mark. 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 exhibits range bound movement against U.S. dollar. The pair made intraday high at $0.6990 and low at $0.6967 marks. On the top side key resistances are seen at $0.7040, $0.7066 and $0.7092 mark respec vely. On the other hand, a consistent close below $0.7000 will take the parity down towards key supports around $0.6970, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely. NZD/USD: The kiwi moves in s ff boundaries against U.S. dollar. Pair made intraday high at $0.6547 and low at $0.6529 mark. Key resistances are seen at $0.6597, $0.6620 and $0.6665 mark respec vely. Alterna vely, a consistent close below $0.6530 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 hovers around 75.00 mark against U.S. dollar. The pair made intraday high at 75.09 and low at 74.95. A sustained close below 74.90 marks will drag the parity down towards 74.51, 74.00, 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the top side key resistances are seen at 75.12, 75.39, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely. EUR/USD: The euro falls a er ECB’s interest rate decision and Press Conference. The pair made intraday high at $1.1393 and low at $1.1373 mark. A sustained close above $1.1411 tests key resistances at $1.1452, $1.1476 and $1.1525 mark respec vely. On the other side, a sustained close below $1.1383 will target key supports around $1.1343, $1.1272, $1.1240, $1.1190, $1.1157, $1.1134 and $1.1067 marks respec vely. GBP/USD: The pound trades marginally higher against U.S. dollar and trading around $1.2565 mark. A sustained close above $1.2612 will drag the parity up towards $1.2663, $1.2722, $1.2777, $1.2803 and $1.2849 mark respec vely. Key support levels are seen at $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 falls no ceably in previous U.S. session as U.S. released robust retail sales and core retail sales data. Today pair made intraday high at $1,799 and low at $1,795 mark. A sustained close above $1,810 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 depreciates and remains well supported below $19.25 mark in opening hours. A sustained close above $19.42 requires for upside rally. Key support levels are seen at $18.89, $18.72, $18.62, $18.48, $18.18, $18.02, $17.92 and $17.80 respec vely. Key resistances are seen at $19.25, $19.47, $19.65, $19.85 and $20.13 marks respec vely.
  3. 3. AUD / USD REPORTFROM:TPGLOBALFXJULY,2020 Time Frame: H1 INDICATORS Trends Reversing Up Trend Moving Average (Period=75) Above MA H 1 RIS (Period=26) Above RIS LEVEL 50 FIBO Levels PIVOT R1 0.70011 S1 0.69629 Buy Above 0.70144 0.70290 0.69569 0.69569 0.69435 0.70144 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.70130 S2 0.69510 R3 0.70321 S3 0.69319 R4 0.70631 S4 0.69009 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.69820
  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 1.14252 S1 1.13708 Buy Above 1.14300 1.14526 1.13766 1.13766 1.13497 1.14300 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.14419 S2 1.13541 R3 1.14691 S3 1.13269 R4 1.15130 S4 1.12830 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.13980 JULY,
  5. 5. GBP / USD REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS Trends Neutral Down Trend Moving Average (Period=75) Below MA H 1 RIS (Period=26) Below RIS LEVEL 50 FIBO Levels PIVOT R1 1.26053 S1 1.25253 Buy Above 1.25908 1.26111 1.25252 1.25252 1.24958 1.25908 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.26299 S2 1.25007 R3 1.26699 S3 1.24607 R4 1.27345 S4 1.23961 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.25653 JULY,
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.35824 S1 1.35216 Buy Above 1.36148 1.36324 1.35443 1.35443 1.35220 1.36148 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.36012 S2 1.35028 R3 1.36316 S3 1.34724 R4 1.36808 S4 1.34232 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.35520 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 107.186 S1 106.864 Buy Above 107.427 107.529 107.007 107.007 106.892 107.427 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 107.285 S2 106.765 R3 107.446 S3 106.586 R4 107.706 S4 106.344 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 107.025 Trends Reversing 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 1808.41 S1 1794.35 Buy Above 1808.56 1812.15 1790.31 1790.31 1784.46 1808.56 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1812.75 S2 1790.01 R3 1819.78 S3 1782.98 R4 S4 1771.61 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1801.38 Trends Reversing Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1831.15 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

×