This document provides a daily technical analysis and forecast for major currency pairs, gold, and crude oil. It analyzes trends and key technical indicators on hourly charts and identifies support and resistance levels. Buy and sell signals are given along with suggested take profit and stop loss levels to manage risk. Economic data announcements from several countries are also listed. The analysis aims to help traders understand how markets may move and find good entry points based on technical factors.

1. What Chart Says, Today?
July 29, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• U.K. BRC shop price index stands at -1.3 pct vs -1.6 previous release.
• Australia CPI q/q stands at -1.9 pct vs 0.3 pct previous release (expected -2.0).
• Australia trimmed mean CPI q/q stands at -0.1 pct vs 0.5 pct previous release
(expected 0.1).
• South Korea consumer confidence stands at 84.2 vs 81.8 pct previous release.
• Singapore unemployment rate stands at 2.9 pct vs 2.4 pct previous release.

4. Economic Data Ahead
• (0200 ET/0600 GMT) German Import price m/m, previous 0.3 pct, expected 0.5 pct.
• (0400 ET/0800 GMT) Swiss CHF Credit Suisse economic expectaons, previous 48.7.
• (0430 ET/0830 GMT) U.K. mortgage approvals, previous 9K, expected 35K.
• (0830 ET/1230 GMT) U.S. goods trade balance, previous -74.3B, expected -75.5B.
• (1000 ET/1400 GMT) U.S. pending home sales, previous 44.3 pct, expected 15.6 pct.
• (1400 ET/1800 GMT) U.S. interest rate decision, previous -0.25 pct.

5. Economic Event Ahead
• (1430 ET/1830 GMT) U.S. FOMC Press Conference.

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for July 29, 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 1948.60
R1 1976.97 S1 1920.23
R2 1994.50 S2 1902.70
R3 2022.87 S3 1874.33
CONCLUSION
Buy Above 1965.40 Take Profit 1978.16 Stop Loss 1929.79
Sell Below 1929.79 Take Profit 1912.78 Stop Loss 1965.40

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 0.71472
R1 0.71716 S1 0.71228
R2 0.71868 S2 0.71076
R3 0.72112 S3 0.70832
CONCLUSION
Buy Above 0.71906 Take Profit 0.72153 Stop Loss 0.71218
Sell Below 0.71218 Take Profit 0.71001 Stop Loss 0.71906

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 1.17290
R1 1.17577 S1 1.16712
R2 1.17754 S2 1.16827
R3 1.18040 S3 1.16540
CONCLUSION
Buy Above 1.17835 Take Profit 1.18217 Stop Loss 1.16827
Sell Below 1.16827 Take Profit 1.16473 Stop Loss 1.17835

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 1.29075
R1 1.29512 S1 1.28638
R2 1.29782 S2 1.28368
R3 1.30219 S3 1.27931
CONCLUSION
Buy Above 1.29641 Take Profit 1.30094 Stop Loss 1.28613
Sell Below 1.28613 Take Profit 1.28161 Stop Loss 1.29641

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 1.33718
R1 1.34009 S1 1.33427
R2 1.34188 S2 1.33248
R3 1.34479 S3 1.32957
CONCLUSION
Buy Above 1.34084 Take Profit 1.34279 Stop Loss 1.33321
Sell Below 1.33321 Take Profit 1.33069 Stop Loss 1.34084

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 105.238
R1 105.517 S1 104.959
R2 105.689 S2 104.787
R3 105.968 S3 104.508
CONCLUSION
Buy Above 105.476 Take Profit 105.773 Stop Loss 104.815
Sell Below 104.815 Take Profit 104.594 Stop Loss 105.476

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