The document provides a daily technical analysis and forecast for major currency crosses (XAUUSD, AUDUSD, EURUSD, GBPUSD, USDCAD, USDJPY), gold, and crude oil based on H1 charts. It identifies the trend, support and resistance levels, and provides buy and sell signals along with profit and stop loss levels. Economic data announcements from Japan, Australia, New Zealand, Eurozone and US are also mentioned. The analysis aims to help traders manage risk and reward ratios when trading currency pairs and commodities.

1. What Chart Says, Today?
August 12, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• Japan M2 money stock y/y stands at 7.9 pct vs 7.3 pct previous release (expected 8.5).
• Australia Westpac consumer senment stands at -9.5 pct vs -6.1 pct previous release.
• Australia wage price index q/q stands at 0.2 pct vs 0.5 pct previous release (expected
0.3).
• New Zealand keeps interest rate unchanged at 0.25 pct.

4. Economic Data Ahead
• (0500 ET/0900 GMT) Euro Zone industrial producon, previous 12.4, expected 10.1.
• (0830 ET/1230 GMT) U.S. CPI m/m, previous 0.6, expected 0.3.
• (0830 ET/1230 GMT) U.S. core CPI m/m, previous 0.2, expected 0.2.
• (1400 ET/1800 GMT) U.S. Federal budget balance, previous -864.1B, expected -138.3B.

5. Economic Event Ahead
• (1100 ET/1500 GMT) FOMC member Kaplan’s speech.

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for August 12, 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 Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1946.60
R1 1995.73 S1 1897.47
R2 2026.07 S2 1867.13
R3 2075.20 S3 1818.00
CONCLUSION
Buy Above 1908.05 Take Profit 1921.92 Stop Loss 1849.60
Sell Below 1849.60 Take Profit 1830.61 Stop Loss 1908.05

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 0.71552
R1 0.71761 S1 0.71343
R2 0.71890 S2 0.71214
R3 0.72099 S3 0.71005
CONCLUSION
Buy Above 0.71562 Take Profit 0.71721 Stop Loss 0.70978
Sell Below 0.70978 Take Profit 0.70826 Stop Loss 0.71562

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 1.17560
R1 1.17886 S1 1.17234
R2 1.18087 S2 1.17033
R3 1.18413 S3 1.16707
CONCLUSION
Buy Above 1.17665 Take Profit 1.17935 Stop Loss 1.16962
Sell Below 1.16962 Take Profit 1.16601 Stop Loss 1.17665

14. GBPUSD (H1 Chart)

15. GBPUSD Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.30732
R1 1.31077 S1 1.30387
R2 1.31291 S2 1.30173
R3 1.31636 S3 1.29828
CONCLUSION
Buy Above 1.30766 Take Profit 1.31065 Stop Loss 1.29796
Sell Below 1.29796 Take Profit 1.29449 Stop Loss 1.30766

16. USDCAD (H1 Chart)

17. USDCAD Day Forecasting
INDICATOR H1 CHART
TREND Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1.33101
R1 1.33446 S1 1.32756
R2 1.33660 S2 1.32542
R3 1.34005 S3 1.32197
CONCLUSION
Buy Above 1.33638 Take Profit 1.33825 Stop Loss 1.33098
Sell Below 1.33098 Take Profit 1.32855 Stop Loss 1.33638

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 105.904
R1 106.087 S1 105.721
R2 106.200 S2 105.608
R3 106.383 S3 105.425
CONCLUSION
Buy Above 105.946 Take Profit 106.140 Stop Loss 105.504
Sell Below 105.504 Take Profit 105.277 Stop Loss 105.946

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