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Daily Forex Technical Analysis Report - July 20, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
20 July, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: USD/JPY spikes up to 107.53 mark in opening hours; Most Asian stock...
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 20, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 20 July, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: USD/JPY spikes up to 107.53 mark in opening hours; Most Asian stock markets in green; gold slightly up Asian Headlines: • Japan trade balance stands at -0.42T vs -0.59T previous released (expected -0.33T). • PBoC Loan Prime Rate remains unchanged at 3.85 pct. Economic Data Ahead: • (0200 ET/0600 GMT) German PPI m/m, previous -0.4 pct , expected 0.2 pct. • (0400 ET/0800 GMT) Euro Zone current account, previous 14.4B, expected 15.2B. Economic Events Ahead: • EU economic summit. • German Buba monthly report. • (1110 ET/1510 GMT) U.K. MPC member Haldane and Tenreyro speech. 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 96.10. USD/JPY: The pair spikes up in the opening hours and touched 107.54 mark. Therea er, Japanese yen reverses previous loss against U.S. dollar and trading around 107.29 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 rises gradually against U.S. dollar. The pair made intraday high at $0.7004 and low at $0.6972 marks. On the top side key resistances are seen at $0.7012, $0.7040, $0.7066 and $0.7092 mark respec vely. On the other hand, a consistent close below $0.6969 will take the parity down towards key supports around $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely. NZD/USD: The kiwi moves in rigid boundaries against U.S. dollar. Pair made intraday high at $0.6563 and low at $0.6538 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 trades marginally lower against U.S. dollar and stabilizes below 75.00 mark. The pair made intraday high at 74.82 and low at 74.70. A sustained close below 74.75 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 strengthens on Monday and remains well supported above $1.14 mark. The pair made intraday high at $1.1445 and low at $1.1411 mark. A sustained close above $1.1425 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 depreciates against U.S. dollar and trading around $1.2525 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 $1.2510, $1.2457, $1.2422, $1.2342, $1.2297, $1.2247, $1.2204 and $1.2160 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold con nues to trade in rigid boundaries. Today pair made intraday high at $1,810 and low at $1,805 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 trades flat at $19.30 mark on Monday. A sustained close above $19.42 requires for upside rally. Key support levels are seen at $19.25, $19.10, $18.89, $18.72, $18.62, $18.48, $18.18, $18.02, $17.92 and $17.80 respec vely. Key resistances are seen at $19.42, $19.47, $19.65, $19.85 and $20.13 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 0.70033 S1 0.69741 Buy Above 0.70053 0.70151 0.69628 0.69628 0.69524 0.70053 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.70123 S2 069651 R3 0.70269 S3 0.69505 R4 0.70505 S4 0.69269 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.69887
  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 1.14405 S1 1.13887 Buy Above 1.14590 1.14769 1.13874 1.13874 1.13691 1.14590 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.14566 S2 1.13726 R3 1.14825 S3 1.13467 R4 1.15245 S4 1.13047 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.14146 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 1.25749 S1 1.25269 Buy Above 1.25783 1.26022 1.25098 1.25098 1.24914 1.25783 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.25897 S2 1.25121 R3 1.26137 S3 1.24881 R4 1.26525 S4 1.24493 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.25509 JULY,
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.35881 S1 1.35665 Buy Above 1.36075 1.36212 1.35573 1.35573 1.35413 1.36075 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.35949 S2 1.35597 R3 1.36057 S3 1.35489 R4 1.36233 S4 1.35313 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.35773 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 107.262 S1 106.940 Buy Above 107.427 107.510 107.037 107.037 106.913 107.427 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 107.361 S2 106.841 R3 107.522 S3 106.680 R4 107.782 S4 106.420 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 107.101 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 1811.90 S1 1799.68 Buy Above 1813.30 1816.40 1801.70 1801.70 1798.60 1813.30 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1815.68 S2 1795.90 R3 1821.79 S3 1789.79 R4 S4 1779.90 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1805.79 Trends Reversing Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1831.68 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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