Daily Analysis Report - July 21, 2020

1. What Chart Says, Today?
July 21, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• Japan naonal core CPI stands at 0.0 pct vs -0.2 pct previous released (expected -0.1).
• Japan naonal CPI stands at 0.1 pct vs 0.0 pct previous release.
• South Korea PPI m/m stands at 0.5 pct vs 0.0 pct previous release (expected 0.6).
• RBA GOV LOWE: Inflaon to stay low for quite some me.
• RBA GOV LOWE: Possible could lower cash rate to 10 bps.
• EU leaders reach deal on corona virus recovery fund worth EU750B aer Marathon
Summit.

4. Economic Data Ahead
• (0200 ET/0600 GMT) Swiss trade balance, previous 2.80B, expected 3.15B.
• (0200 ET/0600 GMT) U.K. public sector net borrowing, previous 54.5B, expected
34.5B.
• (0830 ET/1230 GMT) Canada retail sales, previous -26.4 pct, expected 20.2 pct.
• (0830 ET/1230 GMT) Canada core retail sales m/m, previous -22.0 pct, expected
11.9 pct.

5. Economic Event Ahead
• No key events scheduled for the day

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for July 21, 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 1814.41
R1 1820.04 S1 1808.78
R2 1823.53 S2 1805.29
R3 1829.16 S3 1799.66
CONCLUSION
Buy Above 1821.56 Take Profit 1825.49 Stop Loss 1807.96
Sell Below 1807.96 Take Profit 1803.61 Stop Loss 1821.56

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 0.70017
R1 0.70188 S1 0.69846
R2 0.70293 S2 0.69741
R3 0.70464 S3 0.69570
CONCLUSION
Buy Above 0.70425 Take Profit 0.70628 Stop Loss 0.69753
Sell Below 0.69753 Take Profit 0.69595 Stop Loss 0.70425

12. EURUSD (H1 Chart)

13. EURUSD Day Forecasting
INDICATOR H1 CHART
TREND Reversing Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1.14386
R1 1.14635 S1 1.14137
R2 1.14789 S2 1.13983
R3 1.15038 S3 1.13734
CONCLUSION
Buy Above 1.14817 Take Profit 1.15086 Stop Loss 1.13942
Sell Below 1.13942 Take Profit 1.13654 Stop Loss 1.14817

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 1.26047
R1 1.26549 S1 1.25545
R2 1.26859 S2 1.25235
R3 1.27361 S3 1.24733
CONCLUSION
Buy Above 1.26797 Take Profit 1.27155 Stop Loss 1.25610
Sell Below 1.25610 Take Profit 1.25303 Stop Loss 1.26797

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 1.35773
R1 1.35832 S1 1.35326
R2 1.35989 S2 1.35169
R3 1.36242 S3 1.34916
CONCLUSION
Buy Above 1.35630 Take Profit 1.35777 Stop Loss 1.34867
Sell Below 1.34867 Take Profit 1.34581 Stop Loss 1.35630

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 107.263
R1 107.463 S1 107.063
R2 107.586 S2 106.940
R3 107.786 S3 106.740
CONCLUSION
Buy Above 107.524 Take Profit 107.704 Stop Loss 106.921
Sell Below 106.921 Take Profit 106.684 Stop Loss 107.524

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