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Daily Forex Technical Analysis Report - June 12, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
12 June, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen falls in Asian hours as revised industrial produc on d...
AUD / USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below MA
H...
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Daily Forex Technical Analysis Report - June 12, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 12 June, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen falls in Asian hours as revised industrial produc on data misses expecta ons; Asian stock markets in red; gold trades flat at $1,727 mark Asian Headlines: • South Korea export price index y/y stands at -8.2 pct vs -6.5 pct previous released. • South Korea import price index y/y stands at -12.8 pct vs -14.6 pct previous released. • New Zealand business PMI stands at 39.7 vs 26.1 previous released. • Japan revised industrial produc on stands at -9.8 vs -9.1 pct previous released (expected -9.1). Economic Data Ahead: • (0200 ET/0600 GMT) U.K. GDP m/m, previous -5.8, expected -9.1. • (0200 ET/0600 GMT) U.K. manufacturing produc on m/m, previous -4.6, expected -15.0. • (0245 ET/0645 GMT) France final CPI m/m, previous 0.0, expected 0.0. • (0245 ET/0645 GMT) France final HICP m/m, previous 0.1, expected 0.1. • (0300 ET/0700 GMT) Spain final CPI m/m, previous 0.3, expected 0.3. • (0300 ET/0700 GMT) Spain final HICP m/m, previous 0.4, expected 0.4. • (0400 ET/0800 GMT) Italy unemployment rate q/q, previous 9.7. • (0430 ET/0830 GMT) U.K. infla on expecta ons, previous 3.0. • (0500 ET/0900 GMT) Euro Zone industrial produc on m/m, previous -11.3, expected -20.0. • (0530 ET/0930 GMT) South Africa business confidence, previous 77.8. • (0730 ET/1130 GMT) India CPI y/y, previous 5.91, expected 5.50. • Japan’s Finance Minister Taro Aso: Japan's economy probably hit bo om but the strength of recovery would depend not just on domes c demand but overseas developments. • Reserve bank of New Zealand official gives a hint of further economic imbalance. Economic Events Ahead: • (0400 ET/0800 GMT) ECB’s Enria’s speech. • (0600 ET/1000 GMT) EU Finance ministers’ mee ng. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.12% to 96.85. USD/JPY: The pair fails to find support below 106.57 mark and currently trading around 107.20 mark. A sustained close above 106.86 will take the parity higher towards key resistance around 107.27, 107.87, 108, 22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 106.86 will drag the parity down towards 106.57, 105.98 and 104.20 marks respec vely. AUD/USD: The Aussie falls gradually against U.S. dollar and touched $0.6799 mark in early Asia. The pair made intraday high at $0.6859 and low at $0.6799 marks. On the top side key resistances are seen at $0.7002, $0.7042, $0.7082, $0.7122 and $0.7160 mark respec vely. On the other hand, a consistent close below $0.6854 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 falls depreciates against U.S. dollar and stabilizes below $0.6450 mark. Pair made intraday high at $0.6430 and low at $0.6393 mark. Key resistances are seen at $0.6478, $0.6528, $0.6597, $0.6620 and $0.6665 mark respec vely. Alterna vely, a consistent close below $0.6430 will drag the parity down towards key supports around $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee strengthens against U.S. dollar and trading around 75.80 marks. The pair made intraday high at 76.03 and low at 75.72. A sustained close below 76.03 marks will drag the parity down towards 75.47, 75.12, 74.48, 74.12 and 73.99 mark. On the top side key resistances are seen at 75.76, 76.04 and 76.24 marks respec vely. EUR/USD: The euro trades flat against U.S. dollar. Today pair made intraday high at $1.1300 and low at $1.1276 mark. A sustained close above $1.1299 tests key resistances at $1.1372, $1.1422, $1.1448 and $1.1476 mark respec vely. On the other side, a sustained close below $1.1299 will target key supports around $1.1268, $1.1240, $1.1167, $1.1134 and $1.1067 marks respec vely. GBP/USD: The pound trades marginally lower against U.S. dollar and slips below $1.26 mark. A sustained close above $1.2601 will drag the parity up towards $1.2650, $1.2722, $1.2777, $1.2803 and $1.2849 mark respec vely. Key support levels are seen at $1.2545, $1.2478, $1.2420 marks respec vely. Commodity Trend: XAU/USD (GOLD): Gold trades in rigid boundaries in Asian hours and trading around $1,728 mark. Pair made intraday high at $1,730 and low at $1,7222 mark. A sustained close above $1,727 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,722, $1,718, $1,708, $1,702, $1,692 and $1,685 mark respec vely. Key resistances are seen at $1,738, $1,742, $1,748 and $1,754 mark respec vely. XAG/USD (Silver): Silver depreciates in opening hours and trading around $17.54 mark. A sustained close above $17.77 requires for upside rally. Key support levels are seen at $17.40, $17.32, $17.22, $17.09 and $16.98 marks respec vely. Key resistances are seen at $17.92, $18.02, $18.10, $18.16 and $18.38 marks respec vely.
  3. 3. AUD / USD REPORTFROM:TPGLOBALFXJUNE,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 0.69616 S1 0.68360 Buy Above 0.68999 0.69381 0.67970 0.67970 0.67349 0.68999 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.70005 S2 0.67971 R3 0.70633 S3 0.67343 R4 0.71650 S4 0.66326 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.68988
  4. 4. EUR / USD REPORTFROM:TPGLOBALFXJUNE,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 1.13737 S1 1.12859 Buy Above 1.13295 1.13563 1.12729 1.12729 1.12515 1.13295 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.14007 S2 1.12589 R3 1.14446 S3 1.12150 R4 1.15155 S4 1.11441 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.13298
  5. 5. GBP / USD REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS Trends Down Up Trend Moving Average (Period=75) Below MA H 1 RIS (Period=26) Below RIS LEVEL 50 FIBO Levels PIVOT R1 1.27113 S1 1.25827 Buy Above 1.26487 1.26838 1.25380 1.25380 1.24982 1.26487 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.27509 S2 1.25431 R3 1.28152 S3 1.24788 R4 1.29191 S4 1.23749 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.26470
  6. 6. USD /CAD REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.36415 S1 1.34633 Buy Above 1.36945 1.37694 1.35049 1.35049 1.34300 1.36945 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.36965 S2 1.34083 R3 1.37856 S3 1.33192 R4 1.39297 S4 1.31751 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.35524 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50
  7. 7. USD /JPY REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 107.136 S1 106.630 Buy Above 107.297 107.669 106.436 106.436 106.076 107.297 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss Note : R2 107.307 S2 106.474 R3 107.545 S3 106.221 R4 107.954 S4 105.812 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 106.883 Trends Reversing UP Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1739.60 S1 1721.94 Buy Above 1735.64 1742.17 1722.03 1722.03 1714.60 1735.64 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1745.05 S2 1716.49 R3 1753.88 S3 1707.66 R4 S4 1693.38 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1730.77 Trends Reversing Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1768.16
  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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