Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
03:50 am JPY BoJ Summary of Opinions Medium -
04:30 pm USD Durable Goods Orders
MoM MAY
High -0.3%
04:30 pm USD Durable Goods Orders Ex
Transp MoM MAY
Medium 0.2%
06:00 pm USD Pending Home Sales
YoY MAY
Medium -10.6%
06:00 pm USD Pending Home Sales
MoM MAY
Medium -4.5%
06:30 pm USD Dallas Fed Manufacturing
Index JUN
Medium 1

2. AUD/USD TREND: BEARISH
Technical Outlook:
On the daily chart, the AUD/USD started the new week on a lower note. The spot trades below
0.6950 psychological level with a negative bias. We expect a range bound session.
Indicators Daily chart Status
RSI 41 Bearish
STOCHASTIC 19 Bearish
MACD Below midline Bearish
200 EMA 0.7250 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 0.6920 0.6890 0.6860 0.6950

3. NZD/USD TREND: BEARISH
Technical Outlook:
NZD/USD trades in a symmetrical triangle pattern, which is a neutral formation. A breakout on either
side set the new directional bias. We expect it to trade lower following Aussie.
Indicators Daily chart Status
RSI 43 Bearish
STOCHASTIC 41 Bearish
MACD Below midline Bearish
200 EMA 0.6695 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 0.6310 0.6280 0.6250 0.6340

4. EUR/USD TREND: BEARISH
Technical Outlook:
On the daily chart, the EUR/USD pair trades in an ascending channel. But faces strong resistance in
the 1.0570-1.0590 zone.
Indicators Daily chart Status
RSI 48 Bearish
STOCHASTIC 47 Bearish
MACD Below midline Bearish
200 EMA 1.1058 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 1.0580 1.0550 1.0520 1.0610
.

5. GBP/USD TREND: NEUTRAL
Technical Outlook:
GBP/USD continuous to exhibits range bound moves with no clear directional bias. The 1.2300 level
remains critical to trade as it is a multiple resistance zone.
Indicators Daily chart Status
RSI 44 Bearish
STOCHASTIC 54 Bullish
MACD Below midline Bearish
200 EMA 1.3042 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 1.2790 1.2760 1.2730 1.2820

6. USD/JPY TREND: BULLISH
Technical Outlook:
On the first trading day of the week, USD/JPY prints losses as it trades below the crucial 135.0 level.
A reliable support placed around 134.50 level.
Indicators Daily chart Status
RSI 59 Bullish
STOCHASTIC 63 Bullish
MACD Above midline Bullish
200 EMA 121.46 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 134.50 134.80 135.10 134.20

7. USD/CAD TREND: BULLISH
Technical Outlook:
On the daily chart, the USD/CAD forms an ‘Inverted hammer’ candlestick pattern, a bullish
formation. Traders can open long position from lower levels.
Indicators Daily chart Status
RSI 52 Bullish
STOCHASTIC 61 Bullish
MACD Above midline Bullish
200 EMA 1.2705 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 1.2850 1.2880 1.2910 1.2820

8. USD/CHF TREND: NEUTRAL
Technical Outlook:
USD/CHF trades in a very tight range of 0.9565-0.9585 in Asian session. A break of the range will
decide the further direction for the spot.
Indicators Daily chart Status
RSI 41 Bearish
STOCHASTIC 9 Bearish
MACD Below midline Bearish
200 EMA 0.9426 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 0.9560 0.9590 0.9620 0.9530

9. GOLD TREND: BEARISH
Technical Outlook:
On the daily chart, the precious metal shows familiar trading range of $1,830 - $1,840. Trades should
follow strict stop-loss while opening position.
Indicators Daily chart Status
RSI 47 Bearish
STOCHASTIC 42 Bearish
MACD Below midline Bearish
200 EMA $1,853 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL $1,830 $1,820 $1,810 $1,840
Alternative Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY $1,840 $1,850 $1,860 $1,830