The document provides a daily technical analysis and forecast for major currency pairs, gold, and crude oil on July 24, 2020. It includes the latest economic data releases from countries like New Zealand, Australia, the UK, and Singapore. Upcoming economic indicators for countries including France, Germany, the eurozone, and the US are also listed. Charts for currencies like XAUUSD, AUDUSD, EURUSD, GBPUSD, USDCAD, and USDJPY are presented along with analysis of trends, moving averages, RSI levels, and Fibonacci pivots to identify potential buy and sell opportunities.

1. What Chart Says, Today?
July 24, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• New Zealand trade balance stands at 426M vs 1286M previous release (expected
450M).
• Australia manufacturing PMI stands at 53.4 vs 51.2 previous release.
• Australia services PMI stands at 58.5 vs 53.1 previous release.
• U.K. GFK consumer confidence stands at -27 vs -27 previous release (expected -25).
• Singapore URA property index q/q stands at 0.3 pct vs -1.10 pct previous release.

4. Economic Data Ahead
• (0200 ET/0600 GMT) U.K retail sales m/m, previous 12.0, expected 8.3 pct.
• (0315 ET/0715 GMT) France Services PMI, previous 50.7, expected 52.3.
• (0315 ET/0715 GMT) France manufacturing PMI, previous 52.3, expected 53.1.
• (0330 ET/0730 GMT) German services PMI, previous 47.3, expected 50.4.
• (0330 ET/0730 GMT) German manufacturing PMI, previous 45.2, expected 48.0.
• (0400 ET/0800 GMT) Euro services PMI, previous 48.3, expected 51.0.
• (0400 ET/0800 GMT) Euro manufacturing PMI, previous 47.4, expected 50.0.
• (0430 ET/0830 GMT) U.K. services PMI, previous 47.1, expected 51.4 pct.
• (0430 ET/0830 GMT) U.K. manufacturing PMI, previous 50.1, expected 52.0 pct.
• (0945 ET/1345 GMT) U.S. services PMI, previous 47.9, expected 51.0.
• (0945 ET/1345 GMT) U.S. manufacturing PMI, previous 49.8, expected 52.0.
• (1000 ET/1400 GMT) U.S. New home sales, previous 676K, expected 700K.

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 24, 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 1882.86
R1 1896.10 S1 1869.62
R2 1904.20 S2 1861.44
R3 1917.52 S3 1848.20
CONCLUSION
Buy Above 1895.92 Take Profit 1903.92 Stop Loss 1870.01
Sell Below 1870.01 Take Profit 1860.49 Stop Loss 1895.92

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 0.71160
R1 0.71432 S1 0.70888
R2 0.71599 S2 0.70721
R3 0.71871 S3 0.70449
CONCLUSION
Buy Above 0.71726 Take Profit 0.72070 Stop Loss 0.70633
Sell Below 0.70633 Take Profit 0.70379 Stop Loss 0.71726

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 1.15872
R1 1.16202 S1 1.15542
R2 1.16406 S2 1.15338
R3 1.16736 S3 1.15008
CONCLUSION
Buy Above 1.16359 Take Profit 1.16628 Stop Loss 1.15628
Sell Below 1.15628 Take Profit 1.15241 Stop Loss 1.16359

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 1.27239
R1 1.27571 S1 1.26907
R2 1.27776 S2 1.26702
R3 1.28108 S3 1.26370
CONCLUSION
Buy Above 1.27732 Take Profit 1.28046 Stop Loss 1.26668
Sell Below 1.26668 Take Profit 1.26321 Stop Loss 1.27732

16. USDCAD (H1 Chart)

17. USDCAD Day Forecasting
INDICATOR H1 CHART
TREND Reversing Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.33956
R1 1.34247 S1 1.33665
R2 1.34427 S2 1.33485
R3 1.34718 S3 1.33194
CONCLUSION
Buy Above 1.34474 Take Profit 1.34771 Stop Loss 1.33813
Sell Below 1.33813 Take Profit 1.33598 Stop Loss 1.34474

18. USDJPY (H1 Chart)

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 106.929
R1 107.127 S1 106.731
R2 107.250 S2 106.608
R3 107.448 S3 106.410
CONCLUSION
Buy Above 106.991 Take Profit 107.157 Stop Loss 106.254
Sell Below 106.254 Take Profit 106.118 Stop Loss 106.991

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