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Daily Forex Technical Analysis Report - June 25, 2020

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Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
REPORTFROM:TPGLOBALFX
25 June, 2020
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen trades marginally lower against U.S. dollar and stabil...
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 25, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 25 June, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen trades marginally lower against U.S. dollar and stabilizes above 107.00 mark; Asian markets extremely down; gold hovers around $1,760 mark Asian Headlines: • New Zealand trade balance stands at 1253M vs 1339M previous released (expected 1279M). • Japan all industry ac vity m/m stands at -6.4 pct vs -3.4 pct previous released (expected -6.5). Economic Data Ahead: • (0200 ET/0600 GMT) German GFK consumer climate, previous -18.9, expected -11.7. • (0600 ET/1000 GMT) U.K CBI realized sales, previous -50, expected -37. • (0830 ET/1230 GMT) U.S. durable goods, previous -17.7, expected 10.3. • (0830 ET/1230 GMT) U.S. core durable goods, previous -7.7, expected 2.1. • (0830 ET/1230 GMT) U.S. final GDP, previous -5.0, expected -5.0. Economic Events Ahead: • No key events scheduled for the day. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.17% to 97.32. USD/JPY: The Japanese yen trades marginally lower in early Asia and stabilizes above 107.20 mark. 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 107.04 will drag the parity down towards 106.51, 106.22, 105.98 and 104.20 marks respec vely. AUD/USD: The Aussie trades flat against U.S. dollar and slips back below $0.6900 mark in early Asia. The pair made intraday high at $0.6874 and low at $0.6850 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 $0.6867 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 trade moreover flat against U.S. dollar and remains well supported above $0.6400 mark. Pair made intraday high at $0.6424 and low at $0.6399 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 $0.6405 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 rises gradually against U.S. dollar and hovers around 75.50 mark. The pair made intraday high at 75.53 and low at 75.41. A sustained close below 75.43 marks will drag the parity down towards 75.12, 74.48, 74.12 and 73.99 mark. On the top side key resistances are seen at 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely. EUR/USD: The euro falls no ceably against U.S. dollar and slips back below $1.1250 mark. Today pair made intraday high at $1.1259 and low at $1.1240 mark. A sustained close above $1.1250 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 $1.1250 will target key supports around $1.1220, $1.1157, $1.1134 and $1.1067 marks respec vely. GBP/USD: The pound trades flat against U.S. dollar and consolidates around $1.2423 mark. A sustained close above $1.2417 will drag the parity up towards $1.2477, $1.2567, $1.2676, $1.2722, $1.2777, $1.2803 and $1.2849 mark respec vely. Key support levels are seen at $1.2423, $1.2370, $1.2335, $1.2310, $1.2282 and $1.2204 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold remains highly vola le on yesterday’s trading session and touched high of $1,779 mark and closed the day around $1,761 mark. Today in early Asia, gold is trading in s ff boundaries and hovers around $1,760 mark. Pair made intraday high at $1,766 and low at $1,754 mark. A sustained close above $1,767 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 $1,779, $1,792, $1,796, $1,803 and $1,811 mark respec vely. XAG/USD (Silver): Just like gold, silver too remained extremely vola le yesterday. Today Silver trades marginally higher against U.S. dollar. A sustained close above $17.49 requires for upside rally. Key support levels are seen at $17.40, $17.22, $17.09 and $16.98 marks respec vely. Key resistances are seen at $17.70, $17.94, $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 0.69351 S1 0.68593 Buy Above 0.69158 0.69320 0.68472 0.68472 0.68277 0.69158 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.69585 S2 0.68359 R3 0.69964 S3 0.67980 R4 0.70577 S4 0.67367 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.68972
  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 1.13100 S1 1.12638 Buy Above 1.12869 1.13078 1.12322 1.12322 1.12078 1.12869 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.13243 S2 1.12495 R3 1.13474 S3 1.12264 R4 1.13848 S4 1.11890 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.12869
  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 1.25068 S1 1.24086 Buy Above 1.24677 1.24933 1.23907 1.23907 1.23721 1.24677 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.25371 S2 1.23783 R3 1.25862 S3 1.23292 R4 1.26656 S4 1.22498 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.24577
  6. 6. USD /CAD REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.35894 S1 1.35368 Buy Above 1.36582 1.36725 1.35679 1.35679 1.35376 1.36582 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.36056 S2 1.35206 R3 1.36319 S3 1.34943 R4 1.36744 S4 1.34518 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.35631 Trend 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 107.089 S1 106.565 Buy Above 107.309 107.495 106.744 106.744 106.561 107.309 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 107.251 S2 106.403 R3 107.513 S3 106.141 R4 107.937 S4 105.717 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 106.827 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 1773.65 S1 1758.07 Buy Above 1770.60 1774.49 1753.39 1753.39 1748.90 1770.60 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1778.46 S2 1733.20 R3 1786.15 S3 1745.47 R4 S4 1732.87 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1765.86 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1798.85
  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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