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Daily Forex Technical Analysis Report - June 22, 2020

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Let's review all the major instrument analysis including: #AUDUSD, #EURUSD, #GBPUSD, #USDCAD, #USDJPY and #GOLD.

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Daily Forex Technical Analysis Report - June 22, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 22 June, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie strengthens against U.S. dollar in early Asia, Asian stock markets mixed, gold remarkably up at $1,758 mark Asian Headlines: • PBoC loan prime rate remains unchanged at 3.85 pct. • New Zealand credit card spending stands at -21.1 pct vs -49.1 pct. Economic Data Ahead: • (0600 ET/1000 GMT) U.S. CBI industrial order expecta ons, previous -62, expected -50. • (0900 ET/1300 GMT) China CB leading index, previous -1.0 pct. • (1000 ET/1400 GMT) Euro Zone consumer confidence, previous -19, expected -15. • (1000 ET/1400 GMT) U.S. exis ng home sales, previous 4.33M, expected 4.15M. Economic Events Ahead: • (0600 ET/1000 GMT) German Buba monthly report. • (1100 ET/1500 GMT) Bank of Canada governor Macklem’s speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.12% to 97.51. USD/JPY: The Japanese yen trades slightly down against U.S. dollar on Monday morning and trading around 106.90 mark. A sustained close above 107.35 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 106.84 will drag the parity down towards 106.57, 105.98 and 104.20 marks respec vely. AUD/USD: The Aussie trades no ceably up against U.S. dollar and stabilizes around $0.6870 mark in early Asia. The pair made intraday high at $0.6874 and low at $0.6807 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 $0.6833 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 rises gradually against U.S. dollar. Pair made intraday high at $0.6436 and low at $0.6382 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 $0.6405 will drag the parity down towards key supports around $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely. USD/INR: The Indian rupee trades flat against U.S. dollar and slips below76.00 mark. The pair made intraday high at 76.04 and low at 75.94. A sustained close below 76.18 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 rises against U.S. dollar and jumps back above $1.1200 mark. Today pair made intraday high at $1.1203 and low at $1.1168 mark. A sustained close above $1.1205 tests key resistances at $1.1262, $1.1322, $1.1372, $1.1422, $1.1448 and $1.1476 mark respec vely. On the other side, a sustained close below $1.1173 will target key supports around $1.1157, $1.1134 and $1.1067 marks respec vely. GBP/USD: The pound trades slightly up against U.S. dollar and hovers around $1.24 mark. A sustained close above $1.2342 will drag the parity up towards $1.2456, $1.25, $1.2567, $1.2676, $1.2722, $1.2777, $1.2803 and $1.2849 mark respec vely. Key support levels are seen at $1.2342, $1.2310, $1.2282 and $1.2204 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold trades dras cally up in Asian hours and touches $1,758 mark. Pair made intraday high at $1,758 and low at $1,744 mark. A sustained close above $1,748 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,748, $1,740, $1,732, $1,722, $1,718, $1,708, $1,702, $1,692 and $1,685 mark respec vely. Key resistances are seen at $1,758, $1,765, $1,774 and $1,792 mark respec vely. XAG/USD (Silver): Silver spikes up and trading around $17.90 mark. A sustained close above $17.87 requires for upside rally. Key support levels are seen at $17.62, $17.40, $17.22, $17.09 and $16.98 marks respec vely. Key resistances are seen at $18.02, $18.10, $18.16 and $18.38 marks respec vely.
  3. 3. AUD / USD REPORTFROM:TPGLOBALFXJUNE,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 0.68895 S1 0.68267 Buy Above 0.68900 0.69089 0.68270 0.68270 0.68067 0.68900 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.69009 S2 0.68073 R3 0.69403 S3 0.67759 R4 0.69911 S4 0.67251 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.68581
  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 1.12321 S1 1.11663 Buy Above 1.12211 1.12386 1.11803 1.11803 1.11602 1.12211 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.12524 S2 1.11460 R3 1.12853 S3 1.11131 R4 1.13385 S4 1.10599 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.11992
  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 1.24253 S1 1.23397 Buy Above 1.24500 1.24842 1.23401 1.23401 1.23131 1.24500 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.24517 S2 1.23133 R3 1.24945 S3 1.22705 R4 1.25637 S4 1.22013 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.23825
  6. 6. USD /CAD REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.36161 S1 1.35623 Buy Above 1.36319 1.36542 1.35636 1.35636 1.35418 1.36319 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.36326 S2 1.35458 R3 1.36595 S3 1.35189 R4 1.37029 S4 1.34755 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.35892 Trend Reversing Up Trend Moving Average (Period=75 Above MA RIS (Period=26) Above RIS LEVEL 50 NOTE: RSI MA Up When We Published The Chart Wait For The Levels To Break
  7. 7. USD /JPY REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 107.004 S1 106.782 Buy Above 107.003 107.190 106.779 106.779 106.600 107.003 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 107.073 S2 106.713 R3 107.184 S3 106.602 R4 107.364 S4 106.422 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 106.893 Trends Reversing Down Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 NOTE: RSI MA - Neutral When We Published The Chart
  8. 8. XAU / [GOLD]USD REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1745.36 S1 1727.20 Buy Above 1755.10 1757.92 1736.41 1736.41 1729.74 1755.10 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1750.90 S2 1721.58 R3 1760.06 S3 1712.50 R4 S4 1697.80 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1736.28 Trends Up Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1774.76 NOTE: New up trend can be triggered this week. Fundamental Data can be important.
  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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