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Daily Forex Technical Analysis Report - June 18, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
18 June, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie falls sharply immediately a er lower than expected job data;...
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 18, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 18 June, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie falls sharply immediately a er lower than expected job data; U.K. and Swiss interest rate decision in focus; Asian stock markets mixed; gold consolidates around $1,727 mark Asian Headlines: • New Zealand GDP q/q stands at -1.6 pct vs 0.5 pct previous released (expected -1.0). • Australia employment change stands at -227.7K vs -607.4K previous released (expected -105.0K). • Australia unemployment rate stands at 7.1 pct vs 6.4 pct previous released (expected 6.9 pct). • China extents an – dumping inquiry into imports of a synthe c rubber from U.S., EU and South Kroea. Economic Data Ahead: • (0230 ET/0630 GMT) Swiss Trade balance, previous 4.43B. • (0400 ET/0800 GMT) Swiss interest rate decision, previous -0.75 pct. • (0400 ET/0800 GMT) Italy trade balance, previous 5.69B, expected 4.86B. • (0700 ET/1100 GMT) U.K. interest rate decision, previous 0.10 pct. • (0830 ET/1230 GMT) Canada NFP job data, previous -226.7K. • (0830 ET/1230 GMT) U.S. Philly Fed manufacturing index, previous -43.1, expected -23.0. • (1000 ET/1400 GMT) U.S. CB leading index, previous -4.4, expected 2.4. Economic Events Ahead: • (0400 ET/0800 GMT) ECB economic bulle n. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.11% to 97.05. USD/JPY: The Japanese yen rises gradually against U.S. dollar and trading around 106.80 mark. A sustained close above 107.00 will take the parity higher towards key resistance around 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 depreciates sharply against U.S. dollar a er nega ve job data and stabilizes below $0.6900 mark in early Asia. The pair made intraday high at $0.6896 and low at $0.6837 marks. On the top side key resistances are seen at $0.6922, $0.6976, $0.7002, $0.7040 and $0.7066 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 remains highly vola le in early Asia as GDP data misses expecta ons. Pair made intraday high at $0.6478 and low at $0.6421 mark. Key resistances are seen at $0.6473, $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 erases previous loss against U.S. dollar and remains well supported below 76.00 mark. The pair made intraday high at 76.07 and low at 75.79. A sustained close below 76.07 marks will drag the parity down towards 75.76, 75.47, 75.12, 74.48, 74.12 and 73.99 mark. On the top side key resistances are seen at 76.24, 76.48 and 76.88 marks respec vely. EUR/USD: The euro trades slightly up against U.S. dollar and hovers around $1.1250 mark. Today pair made intraday high at $1.1261 and low at $1.1224 mark. A sustained close above $1.1254 tests key resistances at $1.1322, $1.1372, $1.1422, $1.1448 and $1.1476 mark respec vely. On the other side, a sustained close below $1.1243 will target key supports around $1.1210, $1.1167, $1.1134 and $1.1067 marks respec vely. GBP/USD: The pound trades flat against U.S. dollar ahead of U.K. interest rate decision. A sustained close above $1.2605 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 $1.2586, $1.2535, $1.2478, $1.2420 marks respec vely. Commodity Trend: XAU/USD (GOLD): Gold trades in s ff boundaries in Asian hours and trading around $1,727 mark. Pair made intraday high at $1,730 and low at $1,723 mark. A sustained close above $1,732 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 remains flat and con nues to trade in rigid boundaries today. A sustained close above $17.50 requires for upside rally. Key support levels are seen at $17.28, $17.22, $17.09 and $16.98 marks respec vely. Key resistances are seen at $17.55, $17.76, $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 0.69127 S1 0.68589 Buy Above 0.69009 0.69311 0.68418 0.68418 0.68151 0.69009 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.69294 S2 0.68422 R3 0.69563 S3 0.68153 R4 0.69999 S4 0.67717 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.68858
  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 1.12809 S1 1.12145 Buy Above 1.12830 1.13277 1.12058 1.12058 1.11661 1.12830 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.13014 S2 1.11940 R3 1.13346 S3 1.11608 R4 1.13883 S4 1.11071 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.12477
  5. 5. GBP / 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 1.25808 S1 1.25216 Buy Above 1.25784 1.26046 1.25032 1.25032 1.24687 1.25784 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.25992 S2 1.25032 R3 1.26288 S3 1.24736 R4 1.26768 S4 1.24256 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.25512
  6. 6. USD /CAD REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.35882 S1 1.35252 Buy Above 1.36090 1.36533 1.35050 1.35050 1.34624 1.36090 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.36070 S2 1.35050 R3 1.36391 S3 1.34743 R4 1.36900 S4 1.34234 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.35567 Trends Neutral 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 107.312 S1 106.938 Buy Above 107.009 107.182 106.631 106.631 106.434 107.009 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss Note : R2 107.428 S2 106.822 R3 107.615 S3 106.535 R4 107.918 S4 106.332 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 107.125 Trends Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1729.75 S1 1716.53 Buy Above 1731.15 1737.25 1721.01 1721.01 1715.60 1731.15 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1733.83 S2 1712.45 R3 1740.44 S3 1705.84 R4 S4 1695.15 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1723.14 Trends Reversing Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1751.13
  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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