Daily Analysis Report - July 15, 2020

1. What Chart Says, Today?
July 15, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• BoJ keeps interest rate unchanged at -0.10 pct.
• South Korea trade balance stands at 3.63B vs 3.67B previous release.
• South Korea’s export price index stands at -6.0 pct vs -8.4 pct previous release.
• South Korea’s import price index stands at -7.3 pct vs -13.0 pct previous release.

4. Economic Data Ahead
• (0200 ET/0600 GMT) U.K. CPI y/y, previous 0.5 pct, expected 0.5 pct.
• (0200 ET/0600 GMT) U.K. core CPI y/y, previous 1.2 pct, expected 1.2 pct.
• (0200 ET/0600 GMT) U.K. PPI input m/m, previous 0.3 pct, expected 3.0 pct.
• (0200 ET/0600 GMT) U.K. PPI output m/m, previous -0.3 pct, expected 0.2 pct.
• (0200 ET/0600 GMT) U.K. RPI y/y, previous 1.0 pct, expected 1.1 pct.
• (0430 ET/0830 GMT) U.K. HPI y/y, previous 2.1, expected 1.9 pct. • (0830 ET/1230 GMT) U.S. import prices
m/m, previous 1.0 pct, expected 1.0 pct.
• (0830 ET/1230 GMT) U.S. empire state manufacturing index, previous -0.2, expected 10.0 pct.
• (0830 ET/1230 GMT) Canada manufacturing sales m/m, previous -28.5 pct, expected 8.6 pct.
• (0915 ET/1315 GMT) U.S. industrial producon m/m, previous 1.4 pct, expected 4.5 pct.
• (1000 ET/1400 GMT) Canada Interest rate decision, previous 0.25 pct, expected 0.25 pct.

5. Economic Event Ahead
• Tentave BOJ press Conference.
• (0400 ET/0800 GMT) U.K. MPC member Tenreyro’s speech.
• (0930 ET/1330 GMT) Swiss SNB Chairman Jordan’s speech.
• (1100 ET/1500 GMT) Canada BOC press conference.

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for July 15, 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 1803.42
R1 1811.02 S1 1795.82
R2 1815.71 S2 1791.13
R3 1823.31 S3 1783.53
CONCLUSION
Buy Above 1816.31 Take Profit 1822.08 Stop Loss 1790.31
Sell Below 1790.31 Take Profit 1784.46 Stop Loss 1816.31

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 0.69574
R1 0.69789 S1 0.69359
R2 0.69922 S2 0.69226
R3 0.70137 S3 0.69011
CONCLUSION
Buy Above 0.70136 Take Profit 0.70329 Stop Loss 0.69578
Sell Below 0.69578 Take Profit 0.69435 Stop Loss 0.70136

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 1.13773
R1 1.14092 S1 1.13454
R2 1.14289 S2 1.13257
R3 1.14608 S3 1.12938
CONCLUSION
Buy Above 1.14330 Take Profit 1.14526 Stop Loss 1.14526
Sell Below 1.13765 Take Profit 1.13497 Stop Loss 1.14330

14. GBPUSD (H1 Chart)

15. GBPUSD Day Forecasting
INDICATOR H1 CHART
TREND Neutral to Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1.25318
R1 1.25637 S1 1.25318
R2 1.25835 S2 1.24999
R3 1.26154 S3 1.24482
CONCLUSION
Buy Above 1.25908 Take Profit 1.26111 Stop Loss 1.25318
Sell Below 1.25318 Take Profit 1.24958 Stop Loss 1.25908

16. USDCAD (H1 Chart)

17. USDCAD Day Forecasting
INDICATOR H1 CHART
TREND Neutral to Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.36187
R1 1.36379 S1 1.35995
R2 1.36497 S2 1.35877
R3 1.36689 S3 1.35685
CONCLUSION
Buy Above 1.36249 Take Profit 1.36428 Stop Loss 1.35731
Sell Below 1.35731 Take Profit 1.35551 Stop Loss 1.36249

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 107.256
R1 107.377 S1 107.135
R2 107.453 S2 107.059
R3 107.574 S3 106.938
CONCLUSION
Buy Above 107.427 Take Profit 107.529 Stop Loss 107.119
Sell Below 107.119 Take Profit 107.007 Stop Loss 107.427

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