The document provides a technical analysis and forecast for major currency crosses, gold, and crude oil for July 06, 2020. It analyzes each market using indicators on 1-hour charts like trend, moving averages, RSI, and Fibonacci pivots to determine support and resistance levels. For each market, it provides a conclusion with signals to buy above or sell below specific price levels and includes take profit and stop loss targets to manage risk. The analysis is intended to help traders understand how markets may move based on charts for the day ahead.
3. Headlines
• New Zealand AND commodity prices m/m stands at -0.7 vs 1.1 previous
released.
• Australia MI inflaon gauge stands at 0.6 pct vs -1.2 pct previous released.
• Hong Kong manufacturing PMI stands at 49.6 vs 43.9 previous released.
4. Economic Data Ahead
• (0200 ET/0600 GMT) German factory orders m/m, previous -25.8 pct,
expected 15.1 pct.
• (0430 ET/0830 GMT) Euro Senx investor confidence, previous -24.8, expected
-10.8.
• (0430 ET/0830 GMT) U.K. construcon PMI, previous 28.9, expected 46.0.
• (0500 ET/0900 GMT) Euro retail sales, previous -11.7 pct , expected 15.0 pct.
• (0945 ET/1345 GMT) U.S. final service PMI, previous 46.7, expected 47.0.
• (1000 ET/1400 GMT) U.S. ISM non – manufacturing PMI, previous 45.4,
expected 50.0
7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for July 06, 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….
