- The document analyzes technical indicators for major currency pairs and commodities on July 20, 2020 to provide forecasts and trading recommendations on a 1-hour chart timeframe. It identifies trends, support and resistance levels, and signal levels for moving averages and RSI to determine entry and exit points for potential buy and sell trades. Readers are advised to monitor fundamental events and manage risk by keeping stop losses and take profits close.

1. What Chart Says, Today?
July 20, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• Japan trade balance stands at -0.42T vs -0.59T previous released (expected -0.33T).
• PBoC Loan Prime Rate remains unchanged at 3.85 pct.

4. Economic Data Ahead
• (0200 ET/0600 GMT) German PPI m/m, previous -0.4 pct , expected 0.2 pct.
• (0400 ET/0800 GMT) Euro Zone current account, previous 14.4B, expected 15.2B.

5. Economic Event Ahead
• EU economic summit.
• German Buba monthly report.
• (1110 ET/1510 GMT) U.K. MPC member Haldane and Tenreyro speech.

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for July 20, 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 1805.79
R1 1811.90 S1 1799.68
R2 1815.68 S2 1795.90
R3 1821.79 S3 1789.79
CONCLUSION
Buy Above 1813.30 Take Profit 1816.40 Stop Loss 1801.70
Sell Below 1801.70 Take Profit 1798.60 Stop Loss 1813.30

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 0.69887
R1 0.70033 S1 0.69741
R2 0.70123 S2 0.69651
R3 0.70269 S3 0.69505
CONCLUSION
Buy Above 0.70053 Take Profit 0.70151 Stop Loss 0.69628
Sell Below 0.69628 Take Profit 0.69524 Stop Loss 0.70053

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 1.14146
R1 1.14405 S1 1.13887
R2 1.14566 S2 1.13726
R3 1.14825 S3 1.13467
CONCLUSION
Buy Above 1.14590 Take Profit 1.14769 Stop Loss 1.13874
Sell Below 1.13874 Take Profit 1.13691 Stop Loss 1.14590

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 1.25509
R1 1.25749 S1 1.25269
R2 1.25897 S2 1.25121
R3 1.26137 S3 1.24881
CONCLUSION
Buy Above 1.25783 Take Profit 1.26022 Stop Loss 1.25098
Sell Below 1.25098 Take Profit 1.24914 Stop Loss 1.25783

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 1.35773
R1 1.35881 S1 1.35665
R2 1.35949 S2 1.35597
R3 1.36057 S3 1.35489
CONCLUSION
Buy Above 1.36075 Take Profit 1.36212 Stop Loss 1.35573
Sell Below 1.35573 Take Profit 1.35413 Stop Loss 1.36075

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 107.101
R1 107.262 S1 106.940
R2 107.361 S2 106.841
R3 107.522 S3 106.680
CONCLUSION
Buy Above 107.427 Take Profit 107.510 Stop Loss 107.037
Sell Below 107.037 Take Profit 106.913 Stop Loss 107.427

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