Weekly Analysis Report (W.A.R) - May 31, 2020 #tradingforex #forextrading #analysis #forexsignals #forexmarket #fx #forexanalysis #forexanalysis #trading #trading #traders #forex #forexeducation #forextrader #daytrading #forexprofit

1. WHAT CHART SAYS,THIS
WEEK?
(1 JUNE – 5 JUNE, 2020)
- BHARAT PANDYA
BHARAT@TPGLOBALFX.NET

2. EYE ON FUNDAMENTALS (LAST WEEK)

3. ECONOMY-GLOBAL
 Trump Plans Expanded Fall G-7 MeetingWith Russia, Others
 Trump wants to supplement the gathering of traditional G-7 allies with those impacted by Covid-19, and also to discuss the
future of China, said White House spokeswoman Alyssa Farah, traveling with the president.
Source:Bloomberg

4. ECONOMY-USA
 Great Depression-Like Jobless Rate
Seen for U.S.: Eco Week Ahead
 The devastation of the coronavirus
pandemic on the U.S. labor market will be
on display this week, with Friday’s jobs
report likely to show the unemployment
rate soared to nearly 20% and employers
cut millions more from their payrolls in May.
Source:Bloomberg

5. ECONOMY-EURO
 Euro-Area Inflation Close to Zero
Adds to Reason for ECB to Act
 Data on Friday showed the annual inflation
rate at 0.1%.While food prices continued to
grow strongly amid lockdown bottlenecks,
energy costs slumped 12%, the most in more
than a decade.The less-volatile core rate held
at 0.9%.
Source:Bloomberg

6. ECONOMY-EURO
 EU Aims to Back Struggling South With Fiscal Shock and Awe
Source:Bloomberg

7. ECONOMY-UK
 U.K. Preparing Job-Creation Plan toTackleVirus Fallout: FT
 The U.K. is preparing a stimulus package to tackle the jump in unemployment due to the coronavirus, with expectations that
the jobless rate could soon rise to more than 10%, the Financial Times reported, citing unidentified government officials.
Source:Bloomberg

8. ECONOMY-GERMANY
 Merkel’s Stimulus Sequel MayTotal as Much as 100 Billion Euros
 German Chancellor Angela Merkel is preparing a second phase of stimulus of between 50 billion euros ($55 billion) and
100 billion euros to turbo-charge the economy’s recovery from the coronavirus crisis, according to a person with
knowledge of the matter.
Source:Bloomberg

9. ECONOMY-CHINA
 Chinese Covid-19Vaccine Expected to Begin Mass OutputThisYear
Source:Bloomberg

10. COVID 19 UPDATE
 Highest Cases Reported in Brazil Now!!
Source:Bloomberg

11. TECHNICAL AALYSIS

12. WHAT CHART SAYS,THIS WEEK?
 We are presenting an analysis for Major Currency Crosses, Gold & Crude for the next coming week starting on
June 1, 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 week.
 Due to High volatility, keep your SL &TP to manage RISK:REWARD Ratio
 Trade Less…Trade On Perfect Levels….

13. WHAT DID CHART SAY, LAST WEEK?

14. XAUUSD (H4 CHART)

15. XAUUSD WEEK FORECASTING
* Since Higher Time Frames are analysed,Trigger Prices are for PositionalTrades Only!
INDICATOR H4 CHART
TREND UPTREND
Moving Average (Period=75) ABOVE MA
RSI (Period=26) ABOVE RSI LEVEL 50
FIBONACCI PIVOT 1739.2
R1 1757.47 S1 1720.93
R2 1768.75 S2 1709.65
R3 1787.02 S3 1691.38
CONCLUSION
Buy Above 1739.2
Sell Below 1720.9

16. AUDUSD (H4 CHART)

17. AUDUSD WEEK FORECASTING
* Since Higher Time Frames are analysed,Trigger Prices are for PositionalTrades Only!
INDICATOR H4 CHART
TREND UPTREND
Moving Average (Period=75) ABOVE MA
RSI (Period=26) ABOVE RSI LEVEL 50
FIBONACCI PIVOT 0.65207
R1 0.65989 S1 0.64425
R2 0.66472 S2 0.63942
R3 0.67254 S3 0.63160
CONCLUSION
Buy Above 0.66839
Sell Below 0.65688

18. EURUSD (H4 CHART)

19. EURUSD WEEK FORECASTING
* Since Higher Time Frames are analysed,Trigger Prices are for PositionalTrades Only!
INDICATOR H4 CHART
TREND UPTREND
Moving Average (Period=75) ABOVE MA
RSI (Period=26) ABOVE RSI LEVEL 50
FIBONACCI PIVOT 1.09029
R1 1.09825 S1 1.08233
R2 1.10317 S2 1.07741
R3 1.11113 S3 1.06945
CONCLUSION
Buy Above 1.11283
Sell Below 1.10640

20. GBPUSD (H4 CHART)

21. GBPUSD WEEK FORECASTING
* Since Higher Time Frames are analysed,Trigger Prices are for PositionalTrades Only!
INDICATOR H4 CHART
TREND UPTREND
Moving Average (Period=75) UP MA
RSI (Period=26) UP RSI LEVEL 50
FIBONACCI PIVOT 1.21792
R1 1.22632 S1 1.20952
R2 1.23152 S2 1.20432
R3 1.23992 S3 1.19592
CONCLUSION
Buy Above 1.23693
Sell Below 1.22626

22. USDCAD (H4 CHART)

23. USDCAD WEEK FORECASTING
* Since Higher Time Frames are analysed,Trigger Prices are for PositionalTrades Only!
INDICATOR H4 CHART
TREND DOWNTREND
Moving Average (Period=75) DOWN MA
RSI (Period=26) DOWN RSI LEVEL 50
FIBONACCI PIVOT 1.39946
R1 1.40896 S1 1.38996
R2 1.41484 S2 1.38408
R3 1.42434 S3 1.37458
CONCLUSION
Buy Above 1.38381
Sell Below 1.37155

24. USDJPY (H4 CHART)

25. USDJPY WEEK FORECASTING
* Since Higher Time Frames are analysed,Trigger Prices are for PositionalTrades Only!
INDICATOR H4 CHART
TREND UPTREND
Moving Average (Period=75) ABOVE MA
RSI (Period=26) ABOVE RSI LEVEL 50
FIBONACCI PIVOT 107.582
R1 107.971 S1 107.193
R2 108.212 S2 106.952
R3 108.601 S3 106.563
CONCLUSION
Buy Above 107.967
Sell Below 107.201

26. SPECIALLY SCREENED FOR

27. THANKS FORYOUR TIME!!