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What Chart Says, Today?
July 10, 2020
Bharat Pandya – info@fxprofitmanager.com
Eye On Fundamentals
Headlines
• Japan PPI y/y stands at -1.6 pct vs -2.8 pct previous released (expected -2.0).
• Japan PPI m/m stands at -0.5 vs 0.6 pct previous release (expected 0.4).
Economic Data Ahead
• (0245 ET/0645 GMT) France industrial producon, previous -20.1, expected 15.2 pct.
• (0400 ET/0800 GMT) Italy industrial producon, previous -19.1, expected 23.5 pct.
• (0830 ET/1230 GMT) Canada employment change, previous 289.6K, expected
700.0K.
• (0830 ET/1230 GMT) Canada unemployment rate, previous 13.7, expected 12.0.
• (0830 ET/1230 GMT) U.S. PPI m/m, previous 0.4, expected 0.4.
• (0830 ET/1230 GMT) U.S. core PPI m/m, previous -0.1, expected 0.1.
Economic Event Ahead
• No key events scheduled for the day
TECHNICAL AALYSIS
What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for July 10, 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….
XAUUSD (H1 Chart)
XAUUSD Day Forecasting
INDICATOR H1 CHART
TREND Neutral Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1804.66
R1 1812.38 S1 1796.94
R2 1817.14 S2 1792.18
R3 1824.86 S3 1784.46
CONCLUSION
Buy Above 1813.52 Take Profit 1817.92 Stop Loss 1795.77
Sell Below 1795.77 Take Profit 1788.96 Stop Loss 1813.52
AUDUSD (H1 Chart)
AUDUSD Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 0.69709
R1 0.69904 S1 0.69514
R2 0.70024 S2 0.69394
R3 0.70219 S3 0.69199
CONCLUSION
Buy Above 0.69763 Take Profit 0.69933 Stop Loss 0.69174
Sell Below 0.69174 Take Profit 0.69010 Stop Loss 0.69763
EURUSD (H1 Chart)
EURUSD Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.13371
R1 1.13564 S1 1.13178
R2 1.13684 S2 1.13058
R3 1.13877 S3 1.12865
CONCLUSION
Buy Above 1.13228 Take Profit 1.13471 Stop Loss 1.12530
Sell Below 1.12530 Take Profit 1.12350 Stop Loss 1.13228
GBPUSD (H1 Chart)
GBPUSD Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.26229
R1 1.26515 S1 1.25943
R2 1.26692 S2 1.25766
R3 1.26978 S3 1.25480
CONCLUSION
Buy Above 1.26317 Take Profit 1.26602 Stop Loss 1.25659
Sell Below 1.25659 Take Profit 1.25343 Stop Loss 1.26317
USDCAD (H1 Chart)
USDCAD Day Forecasting
INDICATOR H1 CHART
TREND Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1.35562
R1 1.35957 S1 1.35167
R2 1.36201 S2 1.34923
R3 1.36596 S3 1.34528
CONCLUSION
Buy Above 1.36243 Take Profit 1.36464 Stop Loss 1.35419
Sell Below 1.35419 Take Profit 1.35168 Stop Loss 1.36243
USDJPY (H1 Chart)
USDJPY Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 107.226
R1 107.341 S1 107.111
R2 107.411 S2 107.041
R3 107.526 S3 106.926
CONCLUSION
Buy Above 107.281 Take Profit 107.387 Stop Loss 106.792
Sell Below 106.792 Take Profit 106.639 Stop Loss 107.281
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/

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Daily Analysis Report - July 10, 2020

  • 1. What Chart Says, Today? July 10, 2020 Bharat Pandya – info@fxprofitmanager.com
  • 3. Headlines • Japan PPI y/y stands at -1.6 pct vs -2.8 pct previous released (expected -2.0). • Japan PPI m/m stands at -0.5 vs 0.6 pct previous release (expected 0.4).
  • 4. Economic Data Ahead • (0245 ET/0645 GMT) France industrial producon, previous -20.1, expected 15.2 pct. • (0400 ET/0800 GMT) Italy industrial producon, previous -19.1, expected 23.5 pct. • (0830 ET/1230 GMT) Canada employment change, previous 289.6K, expected 700.0K. • (0830 ET/1230 GMT) Canada unemployment rate, previous 13.7, expected 12.0. • (0830 ET/1230 GMT) U.S. PPI m/m, previous 0.4, expected 0.4. • (0830 ET/1230 GMT) U.S. core PPI m/m, previous -0.1, expected 0.1.
  • 5. Economic Event Ahead • No key events scheduled for the day
  • 7. What Chart Says, This Week? • We are presenting an analysis for Major Currency Crosses, Gold & Crude for July 10, 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….
  • 9. XAUUSD Day Forecasting INDICATOR H1 CHART TREND Neutral Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RIS LEVEL 50 FIBONACCI PIVOT 1804.66 R1 1812.38 S1 1796.94 R2 1817.14 S2 1792.18 R3 1824.86 S3 1784.46 CONCLUSION Buy Above 1813.52 Take Profit 1817.92 Stop Loss 1795.77 Sell Below 1795.77 Take Profit 1788.96 Stop Loss 1813.52
  • 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 0.69709 R1 0.69904 S1 0.69514 R2 0.70024 S2 0.69394 R3 0.70219 S3 0.69199 CONCLUSION Buy Above 0.69763 Take Profit 0.69933 Stop Loss 0.69174 Sell Below 0.69174 Take Profit 0.69010 Stop Loss 0.69763
  • 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 1.13371 R1 1.13564 S1 1.13178 R2 1.13684 S2 1.13058 R3 1.13877 S3 1.12865 CONCLUSION Buy Above 1.13228 Take Profit 1.13471 Stop Loss 1.12530 Sell Below 1.12530 Take Profit 1.12350 Stop Loss 1.13228
  • 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 1.26229 R1 1.26515 S1 1.25943 R2 1.26692 S2 1.25766 R3 1.26978 S3 1.25480 CONCLUSION Buy Above 1.26317 Take Profit 1.26602 Stop Loss 1.25659 Sell Below 1.25659 Take Profit 1.25343 Stop Loss 1.26317
  • 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 1.35562 R1 1.35957 S1 1.35167 R2 1.36201 S2 1.34923 R3 1.36596 S3 1.34528 CONCLUSION Buy Above 1.36243 Take Profit 1.36464 Stop Loss 1.35419 Sell Below 1.35419 Take Profit 1.35168 Stop Loss 1.36243
  • 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 107.226 R1 107.341 S1 107.111 R2 107.411 S2 107.041 R3 107.526 S3 106.926 CONCLUSION Buy Above 107.281 Take Profit 107.387 Stop Loss 106.792 Sell Below 106.792 Take Profit 106.639 Stop Loss 107.281
  • 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/