Daily Analysis Report - June 10, 2020 #tradingforex #forextrading #analysis #forexsignals #forexmarket #fx #forexanalysis #forexanalysis #trading #trading #traders #forex #forexeducation #forextrader #daytrading #forexprofit

1. What Chart Says, Today?
June 10, 2020)
Bharat Pandya – info@fxprofitguru.com

2. Eye On Fundamentals

3. Headlines
• New Zealand manufacturing sales q/q stands at 0.0 pct vs 2.2 pct previous
released.
• Japan core machinery orders m/m stands at -12.0 pct vs -0.4 pct previous
released (expected -7.5 pct).
• Japan PPI y/y stands at -2.7 pct vs -2.4 pct previous released (expected -2.4
pct).
• China CPI y/y stands at 2.4 pct vs 3.3 pct previous released (expected 2.7 pct).
• China PPI y/y stands at -3.7 pct vs -3.1 pct previous released (expected -3.2 pct).

4. Economic Data Ahead
• (0245 ET/0645 GMT) France industrial Production m/m, previous -
16.2 pct, expected -20.0 pct.
• (0530 ET/0930 GMT) South Africa business confidence, previous 77.8.
Economic Events Ahead:
• (0830 ET/1230 GMT) U.S. CPI, core CPI data.
• (1400 ET/1800 GMT) U.S. FOMC interest rate decision, FOMC
statement.

5. TECHNICAL AALYSIS

6. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for the next coming week starting on June 09, 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….

7. What DID Chart Say, Yesterday?
This is what our daily calls can do?
• Input Limit Orders (All Currency & All Trades)
• Edit the order and add SL & TP
• Exit if Day Balance Sheet is in Profit

8. XAUUSD (H1 Chart)

9. XAUUSD Day Forecasting
INDICATOR H1 CHART
TREND REVERSING DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 1708.96
R1 1719.86 S1 1698.06
R2 1726.66 S2 1691.32
R3 1737.50 S3 1680.42
CONCLUSION
Buy Above 1721.03 Take Profit 1726.51 Stop Loss 1698.06
Sell Below 1698.06 Take Profit 1701.48 Stop Loss 1721.03

10. AUDUSD (H1 Chart)

11. AUDUSD Day Forecasting
INDICATOR H1 CHART
TREND REVERSING UP TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 0.69666
R1 0.70183 S1 0.69116
R2 0.70556 S2 0.68776
R3 0.71106 S3 0.68226
CONCLUSION
Buy Above 0.70183 Take Profit 0.70501 Stop Loss 0.69381
Sell Below 0.69381 Take Profit 0.68943 Stop Loss 0.70183

12. EURUSD (H1 Chart)

13. EURUSD Day Forecasting
INDICATOR H1 CHART
TREND REVERSING UP TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 1.13144
R1 1.13613 S1 1.12675
R2 1.14373 S2 1.12384
R3 1.15133 S3 1.11915
CONCLUSION
Buy Above 1.13601 Take Profit 1.13889 Stop Loss 1.13104
Sell Below 1.13104 Take Profit 1.12730 Stop Loss 1.13601

14. GBPUSD (H1 Chart)

15. GBPUSD Day Forecasting
INDICATOR H1 CHART
TREND REVERSING UP TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 1.26998
R1 1.27252 S1 1.26474
R2 1.27846 S2 1.26150
R3 1.28370 S3 1.25626
CONCLUSION
Buy Above 1.27680 Take Profit 1.28018 Stop Loss 1.26958
Sell Below 1.26958 Take Profit 1.26509 Stop Loss 1.27680

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 RSI LEVEL 50
FIBONACCI PIVOT 1.34206
R1 1.34696 S1 1.33716
R2 1.34999 S2 1.33413
R3 1.35489 S3 1.32923
CONCLUSION
Buy Above 1.34427 Take Profit 1.34765 Stop Loss 1.33940
Sell Below 1.33940 Take Profit 1.33682 Stop Loss 1.34427

18. USDJPY (H1 Chart)

19. USDJPY Day Forecasting
INDICATOR H1 CHART
TREND DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 107.966
R1 108.318 S1 107.614
R2 108.535 S2 107.397
R3 108.887 S3 107.045
CONCLUSION
Buy Above 107.976 Take Profit 108.235 Stop Loss 107.396
Sell Below 107.396 Take Profit 107.067 Stop Loss 107.976