Daily analysis report june 23, 2020

1. What Chart Says, Today?
June 23, 2020
Bharat Pandya – info@fxprofitguru.com

2. Eye On Fundamentals

3. Headlines
• Australia flash manufacturing PMI stands at 49.8, previous 44.0.
• Australia flash services PMI stands at 53.2, previous 26.9.
• Japan flash manufacturing PMI stands at 37.8, previous 38.4, expected
39.5.
• U.S. will announce aluminum tariffs on Canada by end of this week.
• Trump trade advisor declares China trade deal ‘OVER’.

4. Economic Data Ahead
• (0315 ET/0715 GMT) France services PMI, previous 31.1, expected 44.9.
• (0315 ET/0715 GMT) France manufacturing PMI, previous 40.6, expected 46.1.
• (0330 ET/0730 GMT) Germany flash manufacturing PMI, previous 36.6, expected
41.5.
• (0330 ET/0730 GMT) Germany flash services PMI, previous 32.6, expected 41.7.
• (0400 ET/0800 GMT) Euro flash manufacturing PMI, previous 39.4, expected 43.8.
• (0400 ET/0800 GMT) Euro flash services PMI, previous 30.5, expected 40.5.
• (0430 ET/0830 GMT) U.K. flash manufacturing PMI, previous 40.7, expected 45.2.
• (0430 ET/0830 GMT) U.K. flash services PMI, previous 29.0, expected 39.1.
• (0945 ET/1345 GMT) U.S. flash manufacturing PMI, previous 29.8, expected 50.0.
• (0945 ET/1345 GMT) U.S. flash services PMI, previous 37.5, expected 46.9.

5. Economic Event Ahead
• (0445 ET/0845 GMT) BOE gov Bailey’s speech.

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for June 23, 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) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1753.45
R1 1761.14 S1 1745.76
R2 1765.90 S2 1741.00
R3 1773.59 S3 1733.31
CONCLUSION
Buy Above 1758.16 Take Profit 1761.34 Stop Loss 1748.62
Sell Below 1748.62 Take Profit 1745.59 Stop Loss 1758.16

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 0.68798
R1 0.69225 S1 0.68371
R2 0.69490 S2 0.68106
R3 0.69917 S3 0.67679
CONCLUSION
Buy Above 0.69468 Take Profit 0.69712 Stop Loss 0.68790
Sell Below 0.68790 Take Profit 0.68482 Stop Loss 0.69468

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 1.12322
R1 1.12709 S1 1.11935
R2 1.12949 S2 1.11695
R3 1.13336 S3 1.11308
CONCLUSION
Buy Above 1.12946 Take Profit 1.13205 Stop Loss 1.12329
Sell Below 1.12329 Take Profit 1.11951 Stop Loss 1.12946

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 1.24262
R1 1.24802 S1 1.23722
R2 1.25136 S2 1.23388
R3 1.25676 S3 1.22848
CONCLUSION
Buy Above 1.25228 Take Profit 1.25617 Stop Loss 1.24255
Sell Below 1.24255 Take Profit 1.23866 Stop Loss 1.25228

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 1.35562
R1 1.35987 S1 1.35137
R2 1.36250 S2 1.34874
R3 1.36675 S3 1.34449
CONCLUSION
Buy Above 1.35781 Take Profit 1.36151 Stop Loss 1.34889
Sell Below 1.34889 Take Profit 1.34454 Stop Loss 1.35781

18. USDJPY (H1 Chart)

19. USDJPY Day Forecasting
INDICATOR H1 CHART
TREND Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) 106.881
FIBONACCI PIVOT 106.893
R1 106.982 S1 106.780
R2 107.044 S2 106.718
R3 107.145 S3 106.617
CONCLUSION
Buy Above 107.260 Take Profit 107.398 Stop Loss 107.041
Sell Below 107.041 Take Profit 106.864 Stop Loss 107.260