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Daily Forex Technical Analysis Report - June 29, 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 29, 2020

  1. 1. Daily Analysis Report +1 7754 366 970 analysis@tpglobalfx.com REPORTFROM:TPGLOBALFX 29 June, 2020
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen remains almost unchanged a er retail sales data; Asian stock markets in red; gold stabilizes above $1,770 mark Asian Headlines: • Japan retail sales y/y stands at -12.3 pct vs -13.9 pct previous released (expected -11.6). • A sudden rise in corona virus cases by more than 45,000 in one day in United states. Economic Data Ahead: • (0300 ET/0700 GMT) Spain flash CPI, previous -0.9, expected -0.9 pct. • (0430 ET/0830 GMT) U.K. mortgage approvals, previous 16K, expected 25K. • (0830 ET/1230 GMT) Canada building permits, previous -17.1, expected 10.3. Economic Events Ahead: • (0530 ET/0930 GMT) BOE governor Bailey’s speech. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.10% to 97.34. USD/JPY: The Japanese yen remains almost unchanged a er retail sales data. 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 moves in s ff boundaries against U.S. dollar and stabilizes below $0.6900 mark in early Asia. The pair made intraday high at $0.6886 and low at $0.6844 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 trades flat against U.S. dollar and consolidates around $0.6400 mark. Pair made intraday high at $0.6436 and low at $0.6406 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 trades marginally higher against U.S. dollar and stabilizes below 75.50 mark. The pair made intraday high at 75.39 and low at 75.30. 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 strengthens against U.S. dollar and touches $1.1245 mark. Today pair made intraday high at $1.1246 and low at $1.1215 mark. A sustained close above $1.1260 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 $1.1190, $1.1157, $1.1134 and $1.1067 marks respec vely. GBP/USD: The pound starts a new week on a slightly posi ve note. 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 $1.2310, $1.2282 and $1.2204 mark respec vely. Commodity Trend: XAU/USD (GOLD): Gold rises gradually on Monday. Pair made intraday high at $1,775 and low at $1,767 mark. A sustained close above $1,771 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,767, $1,754, $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): Silver appreciates against U.S. dollar and hovers around $17.90 mark. A sustained close above $17.94 requires for upside rally. Key support levels are seen at $17.80, $17.62, $17.49, $17.40, $17.22, $17.09 and $16.98 marks respec vely. Key resistances are seen at $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 0.68858 S1 0.68440 Buy Above 0.68900 0.69089 0.68576 0.68576 0.68465 0.68900 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 0.68988 S2 0.68310 R3 0.69197 S3 0.68101 R4 0.69536 S4 0.67762 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 0.68649
  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 1.12338 S1 1.12002 Buy Above 1.12606 1.12735 1.12166 1.12166 1.12007 1.12606 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.12443 S2 1.11897 R3 1.12611 S3 1.11729 R4 1.12884 S4 1.11456 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.12170
  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 1.24089 S1 1.23153 Buy Above 1.24112 1.24371 1.23269 1.23269 1.22879 1.24112 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.24377 S2 1.22865 R3 1.24845 S3 1.22397 R4 1.25601 S4 1.21641 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.23621
  6. 6. USD /CAD REPORTFROM:TPGLOBALFXJUNE,2020 Time Frame: H1 INDICATORS H 1 FIBO Levels PIVOT R1 1.37105 S1 1.36437 Buy Above 1.37004 1.37268 1.36382 1.36382 1.36155 1.37004 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1.37312 S2 1.36230 R3 1.37646 S3 1.35896 R4 1.38187 S4 1.35355 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1.36771 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 107.335 S1 106.907 Buy Above 107.329 107.524 106.898 106.898 106.605 107.329 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 107.468 S2 106.774 R3 107.682 S3 106.560 R4 108.029 S4 106.213 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 107.121 Trends Reversing 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 1772.34 S1 1753.56 Buy Above 1777.77 1784.02 1762.83 1762.83 1757.74 1777.77 – Take Profit – Stop Loss Sell Below – Take Profit – Stop Loss R2 1778.14 S2 1747.76 R3 1787.53 S3 1738.37 R4 S4 1723.18 Conclusion +1 7754 366 970 analysis@tpglobalfx.com 1762.95 Trends Up Trend Moving Average (Period=75) Above MA RIS (Period=26) Above RIS LEVEL 50 1802.50
  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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