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Daily Forex Technical Analysis Report - June 26, 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 26, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 26 June, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar trades almost flat against major peers, Asian markets in green, gold remains well supported above $1,750 mark Asian Headlines: • Japan Tokyo Core CPI y/y stands at 0.2 pct vs previous released 0.2 pct. • Japan Tokyo CPI y/y stands at 0.3 pct vs 0.4 pct previous released. • South Korea consumer confidence stands at 81.8 vs 77.6 previous released. • Chinese banks will be closed in observance of the Dragon Boat Fes val. • Singapore industrial produc on m/m stands at -16.5 vs -0.5 previous released (expected -6.0). Economic Data Ahead: • (0830 ET/1230 GMT) U.S. personal spending m/m, previous -13.6, expected 8.9 pct. • (0830 ET/1230 GMT) U.S. personal income m/m, previous 10.5, expected -6.0 pct. • (0830 ET/1230 GMT) U.S. core PCE price index m/m, previous -0.4, expected 0.0 pct. • (1000 ET/1400 GMT) U.S. revised UoM consumer sen ment, previous 78.9, expected 79.1. Economic Events Ahead: • No key events schedule for the day. 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 97.33. USD/JPY: The Japanese yen trades flat in early Asia and remains well supported above 107.00 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 107.20 will drag the parity down towards 106.51, 106.22, 105.98 and 104.20 marks respec vely. AUD/USD: The Aussie trades marginally higher against U.S. dollar and hovers around $0.6900 mark in early Asia. The pair made intraday high at $0.6895 and low at $0.6861 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 $0.6867 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 rises against U.S. dollar and remains well supported above $0.6400 mark. Pair made intraday high at $0.6449 and low at $0.6414 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 no ceably against U.S. dollar and slips below 75.20 mark. The pair made intraday high at 75.28 and low at 75.19. A sustained close below 75.25 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 trades flat against U.S. dollar and jumps back above $1.1200 mark. Today pair made intraday high at $1.1226 and low at $1.1208 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 $1.1217 will target key supports around $1.1157, $1.1134 and $1.1067 marks respec vely. GBP/USD: The pound moves in rigid boundaries against U.S. dollar. A sustained close above $1.2418 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 $1.2389, $1.2370, $1.2335, $1.2310, $1.2282 and $1.2204 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold consolidates around $1,760 mark. Pair made intraday high at $1,766 and low at $1,759 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 $1,770, $1,779, $1,792, $1,796, $1,803 and $1,811 mark respec vely. XAG/USD (Silver): Silver trades flat against U.S. dollar. A sustained close above $17.80 requires for upside rally. Key support levels are seen at $17.49, $17.40, $17.22, $17.09 and $16.98 marks respec vely. Key resistances are seen at $17.80, $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 Up Trend Moving Average (Period=75) Above MA H 1 RIS (Period=26 Above RIS LEVEL 50 FIBO Levels PIVOT R1 0.68922 S1 0.68576 Buy Above 0.69060 0.69220 0.68576 0.68576 0.68378 0.69060 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.69029 S2 0.68469 R3 0.69202 S3 0.68296 R4 0.69482 S4 0.68016 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.68749
  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 1.12478 S1 1.11948 Buy Above 1.12519 1.12669 1.12078 1.12078 1.11821 1.12519 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.12641 S2 1.11785 R3 1.12906 S3 1.11520 R4 1.13334 S4 1.11092 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.12213
  5. 5. GBP / USD REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS Trends Reversing Down Trend Moving Average (Period=75) Below MA H 1 RIS (Period=26) Below RIS LEVEL 50 FIBO Levels PIVOT R1 1.24508 S1 1.23932 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 1.24685 S2 1.23755 R3 1.24973 S3 1.23467 R4 1.25438 S4 1.23002 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.24220
  6. 6. USD /CAD REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.36590 S1 1.36142 Buy Above 1.36582 1.36725 1.35997 1.35997 1.35810 1.36582 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.36729 S2 1.36003 R3 1.36953 S3 1.35779 R4 1.37316 S4 1.35416 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.36366 Trend Reversing 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 107.371 S1 106.909 Buy Above 107.309 107.495 106.930 106.930 106.738 107.309 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 107.515 S2 106.765 R3 107.746 S3 106.534 R4 108.121 S4 106.159 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 107.140 Trends Reversing 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 1767.66 S1 1756.24 Buy Above 1769.78 1773.78 1756.16 1756.16 1752.66 1769.78 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1771.19 S2 1752.71 R3 1776.90 S3 1747.00 R4 S4 1737.76 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1761.95 Trends Reversing Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1786.14
  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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