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Daily Forex Technical Analysis Report - July 29, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
29 July, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie trades marginally higher a er CPI data; Asian stock markets ...
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 29, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 29 July, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie trades marginally higher a er CPI data; Asian stock markets mixed; gold trades flat at $1,952 mark; U.S. FOMC interest rate decision in focus Asian Headlines: • U.K. BRC shop price index stands at -1.3 pct vs -1.6 previous release. • Australia CPI q/q stands at -1.9 pct vs 0.3 pct previous release (expected -2.0). • Australia trimmed mean CPI q/q stands at -0.1 pct vs 0.5 pct previous release (expected 0.1). • South Korea consumer confidence stands at 84.2 vs 81.8 pct previous release. • Singapore unemployment rate stands at 2.9 pct vs 2.4 pct previous release. Economic Data Ahead: • (0200 ET/0600 GMT) German Import price m/m, previous 0.3 pct, expected 0.5 pct. • (0400 ET/0800 GMT) Swiss CHF Credit Suisse economic expecta ons, previous 48.7. • (0430 ET/0830 GMT) U.K. mortgage approvals, previous 9K, expected 35K. • (0830 ET/1230 GMT) U.S. goods trade balance, previous -74.3B, expected -75.5B. • (1000 ET/1400 GMT) U.S. pending home sales, previous 44.3 pct, expected 15.6 pct. • (1400 ET/1800 GMT) U.S. interest rate decision, previous -0.25 pct. Economic Events Ahead: • (1430 ET/1830 GMT) U.S. FOMC Press Conference. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.01% to 93.69. USD/JPY: The Japanese yen rises in early Asia and slips below 105.00 mark against U.S. dollar. A sustained close above 105.09 will take the parity higher towards key resistance around 105.68, 106.10, 106.90, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 105.09 will drag the parity down towards 104.88, 104.20, 103.50 and 102.98 marks respec vely. AUD/USD: The Aussie trades marginally higher against U.S. dollar a er CPI data and hovers around $0.7160 mark. The pair made intraday high at $0.7174 and low at $0.7149 marks. On the top side key resistances are seen at $0.7182, $0.7222 and $0.7247 mark respec vely. On the other hand, a consistent close below $0.7148 will take the parity down towards key supports around $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely. NZD/USD: The kiwi trades flat against U.S. dollar and stabilizes around $0.6650 mark in opening hours. Pair made intraday high at $0.6667 and low at $0.6646 mark. Key resistances are seen at $0.6702, $0.6726 and $0.6766 mark respec vely. Alterna vely, a consistent close below $0.6660 will drag the parity down towards key supports around $0.6624, $0.6576, $0.6530, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee exhibits range bound movement against U.S. dollar and consolidates around 74.50 mark. The pair made intraday high at 74.71 and low at 74.62. A sustained close below 74.37 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 74.84, 75.12, 75.39, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely. EUR/USD: The euro erases previous gain against U.S. dollar and stabilizes below $1.1750 mark. The pair made intraday high at $1.1733 and low at $1.1710 mark. A sustained close above $1.1751 tests key resistances at $1.1781, $1.1824 and $1.1862 mark respec vely. On the other side, a sustained close below $1.1715 will target key supports around $1.1654, $1.1590, $1.1540, $1.1526, $1.1470, $1.1425, $1.1370, $1.1343, $1.1272 and $1.1240 marks respec vely. GBP/USD: The pound moves in rigid boundaries against U.S. dollar and remains well supported above $1.29 mark. A sustained close above $1.2931 will drag the parity up towards $1.2956, $1.2988 and $1.3054 mark respec vely. Key support levels are seen at $1.2838, $1.2775, $1.2717, $1.2661, $1.2510, $1.2457 and $1.2422 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold gave in total $74 movement in previous session. Today pair made intraday high at $1,964 and low at $1,947 mark. A sustained close above $1,958 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,931, $1,912, $1,900, $1,862, $1,841, $1,817, $1,802, $1,790, $1,784 and $1,770 mark respec vely. Key resistances are seen at $1,951, $1,976, $1,982, $1,994 and $1,999 mark respec vely. XAG/USD (Silver): Silver touched $26.20 mark yesterday, highest level since Jan 2013. A sustained close above $24.60 requires for upside rally. Key support levels are seen at $23.90, $23.24, $22.72, $22.38, $21.90, $21.50, $21.30 and $20.50 marks respec vely. Key resistances are seen at $25.11, $25.44, $25.62, $26.20, $26.48 and $26.72 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 0.71716 S1 0.71228 Buy Above 0.71906 0.72153 0.71218 0.71218 0.71001 0.71906 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.71868 S2 0.71076 R3 0.72112 S3 0.70832 R4 0.72508 S4 0.70436 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.71472
  4. 4. EUR / USD REPORTFROM:TPGLOBALFX2020 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 1.17577 S1 1.16712 Buy Above 1.17835 1.18217 1.16827 1.16827 1.16473 1.17835 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.17754 S2 1.16827 R3 1.18040 S3 1.16540 R4 1.18504 S4 1.16077 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.17290 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 1.29512 S1 1.28638 Buy Above 1.29641 1.30094 1.28613 1.28613 1.28161 1.29641 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.29782 S2 1.28368 R3 1.30219 S3 1.27931 R4 1.30926 S4 1.27224 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.29075 JULY,
  6. 6. USD /CAD REPORTFROM:TPGLOBALFX2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.34009 S1 1.33427 Buy Above 1.34084 1.34279 1.33321 1.33321 1.33069 1.34084 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.34188 S2 1.33248 R3 1.34479 S3 1.32957 R4 1.34949 S4 1.32487 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.33718 Trend Neutral to 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 105.517 S1 104.959 Buy Above 105.476 105.773 104.815 104.815 104.594 105.476 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 105.689 S2 104.787 R3 105.968 S3 104.508 R4 106.419 S4 104.057 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 105.238 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 1976.97 S1 1920.23 Buy Above 1965.40 1978.16 1929.79 1929.79 1912.78 1965.40 – Take Profit – Stop Loss Sell Below – Take Profit – Note: Pivots levels are updated later on not on charts – Stop Loss R2 1994.50 S2 1902.70 R3 2022.87 S3 1874.33 R4 S4 1828.43 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1948.60 Trends Reversing Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 2068.77 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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