Daily Analysis Report - June 2, 2020 #tradingforex #forextrading #analysis #forexsignals #forexmarket #fx #forexanalysis #forexanalysis #trading #trading #traders #forex #forexeducation #forextrader #daytrading #forexprofit

1. Daily Analysis Report
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02 June, 2020

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ASIAN SUMMARY: Aussie remains almost unchanged despite robust current account data; RBA keeps official cash rate unchanged at 0.25 pct; Asian
stock markets mixed, Gold stabilizes below $1,750 mark
Asian Headlines:
· New Zealand building consents m/m stands at -6.5 vs -21.7 previous released.
· Japan monetary base stands at 3.9 pct vs 2.3 pct previous release (expected 2.6 pct).
· Australia current account stands at 8.4B vs 1.7B previous release (expected 6.3B).
· South Korea CPI y/y stands at -0.3 pct vs 0.1 pct previous release (expected -0.2 pct).
· South Korea GDP q/q stands at -1.3 pct vs 1.3 pct previous released (expected -1.4 pct).
· Donald Trump: “I am mobilizing all federal and local resources, civilian and military, to protect the rights of law abiding Americans”.
Economic Data Ahead:
· (0200 ET/0600 GMT) U.K na onwide HPI m/m, previous 0.7 pct, forecast -1.00 pct.
· (0230 ET/0630 GMT) Swiss Retail sales, previous -5.6 pct.
· (0245 ET/0645 GMT) France budget balance, previous -52.5B.
· (0300 ET/0700 GMT) Spain unemployment change, previous 282.9K.
· (0430 ET/0830 GMT) U.K. money supply, mortgage approvals.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched slightly up 0.05% to 97.88.
USD/JPY: The Japanese Yen con nues to move in s ff boundaries against U.S. dollar. The pair remains almost unchanged despite strong monetary base
data (Japan). The pair exhibits range bound movement from 707.77 to 107.01 mark. A sustained close above 107.77 will take the parity higher
towards key resistance around 108.28, 108.86, 109.52 and 110.20 mark respec vely. On the other side, a consistent close below 107.01 will drag the
parity down towards 106.09, 104.51 and 103.68 marks respec vely.
AUD/USD: The Aussie trades flat in early Asia despite posi ve current account data. The pair hits fresh 5 – month high at $0.6812 mark. On the top
side key resistances are seen at $0.6846, $0.6887, $0.6903 and $0.6944 mark respec vely. On the other hand, a consistent close below $0.6797 will
take the parity down towards key supports around $0.6737, $0.6665, $0.6619, $0.6563 and $0.6490 mark respec vely.
NZD/USD: The kiwi trades visibly up against U.S. dollar and jumps above $0.63 mark in early Asia. Pair made intraday high at $0.6307 and low at
$0.6272 mark. Key resistances are seen at $0.6318, $0.6358 and $0.6455 mark. Alterna vely, a consistent close below $0.6289 will drag the parity
down towards key supports around $0.6260, $0.6185, $0.6080 and $0.6032 mark respec vely.
USD/INR: The Indian rupee trade flat against U.S. dollar and currently hovers around 75.20 mark. The pair made intraday high at 75.27 and low at
75.19. A sustained close below 75.02 marks will drag the parity down towards 74.77, 74.48, 74.12 and 73.99 mark. On the top side key resistances are
seen at 75.47, 75.76, 76.04 marks respec vely.
EUR/USD: The euro erases previous gain against U.S. dollar and trades marginally lower at $1.1125 mark. The pair made intraday high at $1.1138 and
low at $1.1119 mark. A sustained close above $1.1134 requires for upside rally. Key resistances are seen at $1.1154, $1.1190, $1.1236 and $1.1290
mark respec vely. On the other side, a sustained close below $1.1134 will target $1.1067, $1.1002 and $1.0920 mark respec vely.
GBP/USD: The pair hits fresh 1 – month high at $1.2525 mark in opening hours. A sustained close above $1.2489 will drag the parity up towards
$1.2526, $1.2588 and $1.2647 mark respec vely. Key support levels are seen at $1.2448, $1.2320, $1.2290, $1.2233 and $1.22 marks respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades slightly down in Asian hours and remains well supported below $1,750 mark. A sustained close above $1,748 requires
for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,727, $1,709, $1,697, $1,687
and $1,662 mark respec vely. Key resistances are seen at $1,748, $1,754, $1,765 and $1,772 mark respec vely.
XAG/USD (Silver): Silver starts a new trading day on nega ve note and trading around $18.17 mark. Pair fails to break key resistance at $18.38 mark.
Key resistances are seen at $18.38, $18.46, $18.63 and $18.85 mark respec vely. Key support levels are seen at $18.09, $18.02 and $17.87 marks
respec vely.

3. AUD / USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 0.68082 S1 0.66898
Buy Above 0.68107
0.68432
0.66894
0.66894
0.66315
0.68107
– Take Profit
– Stop Loss
Buy Above
– Take Profit
– Stop Loss
R2 0.68447 S2 0.66533
R3 0.69039 S3 0.65941
R4 0.69996 S4 0.64984
Conclusion
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0.67490

4. EUR / USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS
Trends Reversing Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.11499 S1 1.11091
Buy Above 1.11401
1.11595
1.11089
1.11089
1.10856
1.11401
– Take Profit
– Stop Loss
Buy Above
– Take Profit
– Stop Loss
R2 1.11676 S2 1.10964
R3 1.11830 S3 1.10760
R4 1.12161 S4 1.10429
Conclusion
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1.11295

5. GBP / USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.25088 S1 1.23696
Buy Above 1.25303
1.25721
1.24049
1.24049
1.23688
1.25303
– Take Profit
– Stop Loss
Buy Above
– Take Profit
– Stop Loss
R2 1.25519 S2 1.23265
R3 1.26215 S3 1.22569
R4 1.27342 S4 1.21442
Conclusion
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1.24392

6. USD /CAD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.37360 S1 1.35506
Buy Above 1.36428
1.36819
1.35192
1.35192
1.34604
1.36428
– Take Profit
– Stop Loss
Buy Above
– Take Profit
– Stop Loss
R2 1.37932 S2 1.34934
R3 1.38859 S3 1.34007
R4 1.40358 S4 1.32508
Conclusion
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1.36433
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50

7. USD /JPY
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 107.783 S1 107.417
Buy Above 107.827
108.059
107.481
107.481
107.299
107.827
– Take Profit
– Stop Loss
Buy Above
– Take Profit
– Stop Loss
R2 107.896 S2 107.304
R3 108.079 S3 107.121
R4 108.375 S4 106.825
Conclusion
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107.600
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50

8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1743.42 S1 1730.24
Buy Above 1743.29
1747.21
1730.18
1730.18
1723.84
1743.29
– Take Profit
– Stop Loss
Buy Above
– Take Profit
– Stop Loss
R2 1747.46 S2 1726.18
R3 1754.07 S3 1719.59
R4 S4 1708.94
Conclusion
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1736.83
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50

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