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Daily Forex Technical Analysis Report - June 23, 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 23, 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: Japanese yen trades marginally lower a er mixed economic data, Asian markets in green, gold stabilizes above $1,747 mark Asian Headlines: • Australia flash manufacturing PMI stands at 49.8, previous 44.0. • Australia flash services PMI stands at 53.2, previous 26.9. • Japan flash manufacturing PMI stands at 37.8, previous 38.4, expected 39.5. • U.S. will announce aluminum tariffs on Canada by end of this week. • Trump trade advisor declares China trade deal ‘OVER’. Economic Data Ahead: • (0315 ET/0715 GMT) France services PMI, previous 31.1, expected 44.9. • (0315 ET/0715 GMT) France manufacturing PMI, previous 40.6, expected 46.1. • (0330 ET/0730 GMT) Germany flash manufacturing PMI, previous 36.6, expected 41.5. • (0330 ET/0730 GMT) Germany flash services PMI, previous 32.6, expected 41.7. • (0400 ET/0800 GMT) Euro flash manufacturing PMI, previous 39.4, expected 43.8. • (0400 ET/0800 GMT) Euro flash services PMI, previous 30.5, expected 40.5. • (0430 ET/0830 GMT) U.K. flash manufacturing PMI, previous 40.7, expected 45.2. • (0430 ET/0830 GMT) U.K. flash services PMI, previous 29.0, expected 39.1. • (0945 ET/1345 GMT) U.S. flash manufacturing PMI, previous 29.8, expected 50.0. • (0945 ET/1345 GMT) U.S. flash services PMI, previous 37.5, expected 46.9. Economic Events Ahead: • (0445 ET/0845 GMT) BOE gov Bailey’s speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.03% to 97.06. USD/JPY: The Japanese yen fails to fall below 106.50 mark and jumps above 107.00 mark on Tuesday morning. A sustained close above 107.33 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 remains vola le against U.S. dollar and stabilizes around $0.6910 mark in early Asia. The pair made intraday high at $0.6935 and low at $0.6858 marks. On the top side key resistances are seen at $0.6976, $0.7002, $0.7040 and $0.7066 mark respec vely. On the other hand, a consistent close below $0.6888 will take the parity down towards key supports around $0.6833, $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 $0.6497 and low at $0.6436 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 stabilizes below76.00 mark. The pair made intraday high at 75.65 and low at 75.55. A sustained close below 75.56 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 76.24, 76.48 and 76.88 marks respec vely. EUR/USD: The euro rises slightly against U.S. dollar and jumps back above $1.1250 mark. Today pair made intraday high at $1.1281 and low at $1.1233 mark. A sustained close above $1.1260 tests key resistances at $1.1292, $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 $1.2475 mark. A sustained close above $1.2467 will drag the parity up towards $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 flat in Asian hours and touches $1,760 mark. Pair made intraday high at $1,760 and low at $1,747 mark. A sustained close above $1,754 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 moves in rigid boundaries. A sustained close above $17.77 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 $17.87, $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 0.69225 S1 0.68371 Buy Above 0.69468 0.69712 0.68790 0.68790 0.68482 0.69468 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.69490 S2 0.68106 R3 0.69917 S3 0.67679 R4 0.70609 S4 0.66987 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.68798
  4. 4. EUR / 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 1.12709 S1 1.11935 Buy Above 1.12946 1.13205 1.12329 1.12329 1.11951 1.12946 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.12949 S2 1.11695 R3 1.13336 S3 1.11308 R4 1.13963 S4 1.10681 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.12322
  5. 5. GBP / 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 1.24802 S1 1.23722 Buy Above 1.25228 1.25617 1.24255 1.24255 1.23866 1.25228 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.25136 S2 1.23388 R3 1.25676 S3 1.22848 R4 1.26550 S4 1.21974 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.24262
  6. 6. USD /CAD REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.35987 S1 1.35137 Buy Above 1.35781 1.36151 1.34889 1.34889 1.34454 1.35781 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.36250 S2 1.34874 R3 1.36675 S3 1.34449 R4 1.37363 S4 1.33761 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.35562 Trend Down Trend Moving Average (Period=75 Below MA RIS (Period=26 Below RIS LEVEL 50
  7. 7. USD /JPY REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 106.982 S1 106.780 Buy Above 107.260 107.398 107.041 107.041 106.864 107.260 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 107.044 S2 106.718 R3 107.145 S3 106.617 R4 107.308 S4 106.454 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 106.881 Trends 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 1761.14 S1 1745.76 Buy Above 1758.16 1761.34 1748.62 1748.62 1745.59 1758.16 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1765.90 S2 1741.00 R3 1773.59 S3 1733.31 R4 S4 1720.86 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1753.45 Trends Up Trend Moving Average (Period=75) Below MA RIS (Period=26) Below RIS LEVEL 50 1786.04
  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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