Daily Analysis Report - August 19, 2020

1. What Chart Says, Today?
August 19, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• New Zealand PPI input q/q stands at -1.0 pct vs -0.3 pct previous release.
• New Zealand PPI output q/q stands at -0.3 pct vs 0.1 pct previous release.
• Japan core machinery orders m/m stands at -7.6 pct vs 1.7 pct previous release (expected
2.1).
• Japan trade balance stands at -0.03T vs -0.41T previous release.
• Australia MI leading index m/m stands at 0.1 pct vs 0.5 pct previous release.

4. Economic Data Ahead
• (0200 ET/0600 GMT) U.K. CPI, previous 0.6, expected 0.5.
• (0200 ET/0600 GMT) U.K. core CPI, previous 1.4, expected 1.3.
• (0200 ET/0600 GMT) U.K. PPI input, previous 2.4, expected 1.1.
• (0200 ET/0600 GMT) U.K. PPI output, previous 0.3, expected 0.2.
• (0200 ET/0600 GMT) U.K. RPI, previous 1.1, expected 1.2.
• (0400 ET/0800 GMT) Euro current account, previous 8.0B.
• (0500 ET/0900 GMT) Euro final CPI, previous 0.3, expected 0.4.
• (0500 ET/0900 GMT) Euro final core CPI, previous 1.2, expected 1.2.
• (0830 ET/1230 GMT) Canada CPI m/m, previous 0.8.
• (0830 ET/1230 GMT) Canada core CPI, previous 0.4.
• (0830 ET/1230 GMT) Canada wholesale sales, previous 5.7.

5. Economic Event Ahead
• (1400 ET/1800 GMT) U.S. FOMC meeng minutes.
• Tentave OPEC – JMMC meengs.

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for August 19, 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 Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1997.5
R1 2012.60 S1 1982.42
R2 2021.93 S2 1973.09
R3 2037.02 S3 1958.00
CONCLUSION
Buy Above 2009.27 Take Profit 2018.62 Stop Loss 1976.34
Sell Below 1976.34 Take Profit 1966.55 Stop Loss 2009.27

10. AUDUSD (H1 Chart)

11. AUDUSD Day Forecasting
INDICATOR H1 CHART
TREND Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 0.72383
R1 0.72596 S1 0.72170
R2 0.72727 S2 0.72039
R3 0.72940 S3 0.71826
CONCLUSION
Buy Above 0.72665 Take Profit 0.72975 Stop Loss 0.72076
Sell Below 0.72076 Take Profit 0.71766 Stop Loss 0.72665

12. EURUSD (H1 Chart)

13. EURUSD Day Forecasting
INDICATOR H1 CHART
TREND Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1.19186
R1 1.19587 S1 1.18785
R2 1.19835 S2 1.18537
R3 1.20236 S3 1.18136
CONCLUSION
Buy Above 1.19745 Take Profit 1.20121 Stop Loss 1.18874
Sell Below 1.18874 Take Profit 1.18434 Stop Loss 1.19745

14. GBPUSD (H1 Chart)

15. GBPUSD Day Forecasting
INDICATOR H1 CHART
TREND Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1.31933
R1 1.32532 S1 1.31334
R2 1.32902 S2 1.30964
R3 1.33501 S3 1.30365
CONCLUSION
Buy Above 1.32826 Take Profit 1.33152 Stop Loss 1.31698
Sell Below 1.31698 Take Profit 1.31422 Stop Loss 1.32826

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 1.31834
R1 1.32139 S1 1.31529
R2 1.32328 S2 1.31340
R3 1.32633 S3 1.31035
CONCLUSION
Buy Above 1.31951 Take Profit 1.32224 Stop Loss 1.31405
Sell Below 1.31405 Take Profit 1.31132 Stop Loss 1.31951

18. USDJPY (H1 Chart)

19. USDJPY Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 105.574
R1 105.868 S1 105.280
R2 106.049 S2 105.099
R3 106.343 S3 104.805
CONCLUSION
Buy Above 106.082 Take Profit 106.285 Stop Loss 105.056
Sell Below 105.056 Take Profit 104.765 Stop Loss 106.082

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