The document provides a daily technical analysis and forecast for major currency pairs (AUDUSD, EURUSD, GBPUSD, USDCAD, USDJPY), gold, and crude oil based on their 1-hour charts. Key details include: - The directional trends and support/resistance levels identified from moving averages and Fibonacci pivots. - Buy/sell signals and recommendations for entry, stop loss, and take profit levels for each currency pair based on the technical indicators. - A reminder to traders to manage risk by keeping tight stop losses and taking profits, and to trade less and only at optimal levels.

1. What Chart Says, Today?
August 04, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• Aussie keeps interest rate unchanged at 0.25 pct.
• Japan Tokyo core CPI stands at 0.4 pct vs 0.2 pct previous release (expected 0.2).
• Japan Tokyo CPI stands at 0.6 pct vs 0.3 pct previous release.
• Japan monetary base stands at 9.8 pct vs 6.0 pct previous release (expected 7.1).
• Australia trade balance stands at 8.20B vs 7.34B previous release (expected 8.80B).
• Australia retail sales stands at 2.7 pct vs 2.4 pct previous release (expected 2.4).
• RBA – Outlook remains highly uncertain.
• RBA - The recovery is expected to be only gradual and its shape is dependent on containment of the virus.
• RBA - This accommodave approach will be maintained as long as it is required.
• South Korea CPI y/y stands at 0.3 pct vs 0.0 pct previous release (expected 0.4).

4. Economic Data Ahead
• (0145 ET/0545 GMT) Swiss SECO consumer climate, previous -39.
• (0230 ET/0630 GMT) Australia commodity price, previous -11.4.
• (0245 ET/0645 GMT) France budget balance, previous -117.9B.
• (0300 ET/0700 GMT) Spain unemployment change, previous 5.1K.
• (0500 ET/0900 GMT) Euro PPI, previous -0.6, expected 0.6 pct.
• (0930 ET/1330 GMT) Canada manufacturing PMI, previous 47.8.
• (1000 ET/1400 GMT) U.S. factory orders, previous 8.0, expected 5.1.

5. Economic Event Ahead
• No key events scheduled for the day

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for August 04, 2020
• This is a broader picture how things may move as per Charts.
• Traders are advised to have a close look on fundamental events
during the day.
• Due to High volatility, keep your SL & TP to manage RISK:REWARD
Ratio
• Trade Less…Trade On Perfect Levels….

8. XAUUSD (H1 Chart)

9. XAUUSD Day Forecasting
INDICATOR H1 CHART
TREND Reversing Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1974.71
R1 1985.12 S1 1964.30
R2 1991.54 S2 1957.88
R3 2001.95 S3 1947.47
CONCLUSION
Buy Above 1981.06 Take Profit 1993.30 Stop Loss 1955.96
Sell Below 1955.96 Take Profit 1945.61 Stop Loss 1981.06

10. AUDUSD (H1 Chart)

11. AUDUSD Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 0.71161
R1 0.71443 S1 0.70879
R2 0.71617 S2 0.70705
R3 0.71899 S3 0.70423
CONCLUSION
Buy Above 0.71648 Take Profit 0.71847 Stop Loss 0.70953
Sell Below 0.70953 Take Profit 0.70675 Stop Loss 0.71648

12. EURUSD (H1 Chart)

13. EURUSD Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.17486
R1 1.17871 S1 1.17101
R2 1.18110 S2 1.16862
R3 1.18495 S3 1.16477
CONCLUSION
Buy Above 1.18273 Take Profit 1.18613 Stop Loss 1.17209
Sell Below 1.17209 Take Profit 1.17209 Stop Loss 1.16822

14. GBPUSD (H1 Chart)

15. GBPUSD Day Forecasting
INDICATOR H1 CHART
TREND Reversing Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1.30609
R1 1.31021 S1 1.30197
R2 1.31276 S2 1.29942
R3 1.31688 S3 1.29530
CONCLUSION
Buy Above 1.31312 Take Profit 1.31634 Stop Loss 1.30259
Sell Below 1.30259 Take Profit 1.29887 Stop Loss 1.31312

16. USDCAD (H1 Chart)

17. USDCAD Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.34096
R1 1.34333 S1 1.33859
R2 1.34479 S2 1.33713
R3 1.34716 S3 1.33476
CONCLUSION
Buy Above 1.34381 Take Profit 1.34559 Stop Loss 1.33708
Sell Below 1.33708 Take Profit 1.33458 Stop Loss 1.34381

18. USDJPY (H1 Chart)

19. USDJPY Day Forecasting
INDICATOR H1 CHART
TREND Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 106.028
R1 106.368 S1 105.688
R2 106.579 S2 105.477
R3 106.919 S3 105.137
CONCLUSION
Buy Above 106.469 Take Profit 106.828 Stop Loss 105.390
Sell Below 105.390 Take Profit 105.092 Stop Loss 106.469

20. Facebook: https://www.facebook.com/fxprofitmanager
Twitter: https://twitter.com/fxprofitmanager
Linkedin: https://www.linkedin.com/company/fxprofitmanager/
Slideshare: https://www.slideshare.net/BharatPandya11
Instagram: https://www.instagram.com/fxprofitmanager/