2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie rises a er RBA Governor Lowe’s comments regarding interest rate; Asian stock markets in green; gold touches $1,820 mark in
opening hours; silvers hits highest level since August 2016
Asian Headlines:
• Japan na onal core CPI stands at 0.0 pct vs -0.2 pct previous released (expected -0.1).
• Japan na onal CPI stands at 0.1 pct vs 0.0 pct previous release.
• South Korea PPI m/m stands at 0.5 pct vs 0.0 pct previous release (expected 0.6).
• RBA GOV LOWE: Infla on to stay low for quite some me.
• RBA GOV LOWE: Possible could lower cash rate to 10 bps.
• EU leaders reach deal on corona virus recovery fund worth EU750B a er Marathon Summit.
Economic Data Ahead:
• (0200 ET/0600 GMT) Swiss trade balance, previous 2.80B, expected 3.15B.
• (0200 ET/0600 GMT) U.K. public sector net borrowing, previous 54.5B, expected 34.5B.
• (0830 ET/1230 GMT) Canada retail sales, previous -26.4 pct, expected 20.2 pct.
• (0830 ET/1230 GMT) Canada core retail sales m/m, previous -22.0 pct, expected 11.9 pct.
Economic Events Ahead:
• No key events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.03% to 95.86.
USD/JPY: The Japanese yen trades flat despite robust na onal core CPI, CPI data and stabilizes around 107.25 mark. A sustained close above 107.51
will take the parity higher towards key resistance around 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent
close below 106.84 will drag the parity down towards 106.51, 106.22, 105.98 and 104.20 marks respec vely.
AUD/USD: The Aussie rises immediately a er RBA Lowe’s comment regarding interest rate. The pair made intraday high at $0.7034 and low at $0.7011
marks. On the top side key resistances are seen at $0.7040, $0.7066 and $0.7092 mark respec vely. On the other hand, a consistent close below
$0.7015 will take the parity down towards key supports around $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi trades marginally lower against U.S. dollar. Pair made intraday high at $0.6589 and low at $0.6563 mark. Key resistances are seen
at $0.6597, $0.6620 and $0.6665 mark respec vely. Alterna vely, a consistent close below $0.6576 will drag the parity down towards key supports
around $0.6530, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee rises gradually against U.S. dollar and stabilizes below 74.75 mark. The pair made intraday high at 74.62 and low at 74.48. A
sustained close below 74.58 marks will drag the parity down towards 74.47, 74.00, 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the top side
key resistances are seen at 74.84, 75.12, 75.39, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro remains slightly vola le in early Asian hours. The pair made intraday high at $1.1469 and low at $1.1428 mark. A sustained close
above $1.1447 tests key resistances at $1.1476, $1.1525 and $1.1577 mark respec vely. On the other side, a sustained close below $1.1447 will target
key supports around $1.1425, $1.1370, $1.1343, $1.1272 and $1.1240 marks respec vely.
GBP/USD: The pound rises against U.S. dollar and hits fresh 6 – week high at $1.2685 mark. A sustained close above $1.2663 will drag the parity up
towards $1.2722, $1.2777, $1.2803 and $1.2849 mark respec vely. Key support levels are seen at $1.2510, $1.2457, $1.2422, $1.2342, $1.2297,
$1.2247, $1.2204 and $1.2160 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold con nues to trade up and touches $1,820 mark in opening hours. Today pair made intraday high at $1,820 and low at $1,815
mark. A sustained close above $1,817 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key
supports around $1,790, $1,784, $1,770, $1,754, $1,748, $1,740, $1,732, $1,722 and $1,718 mark respec vely. Key resistances are seen at $1,824,
$1,832 and $1,842 mark respec vely.
XAG/USD (Silver): Silver strengthens dras cally on Tuesday and hits highest level to $20.43 mark since August 2016. A sustained close above $20.33
requires for upside rally. Key support levels are seen at $19.85, $19.32, $19.25, $19.10, $18.89 and $18.72 marks respec vely. Key resistances are seen
at $20.43, $20.78, $21.15 and $21.32 marks respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXJULY,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 0.70188 S1 0.69846
Buy Above 0.70425
0.70628
0.69753
0.69753
0.69595
0.70425
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.70293 S2 0.69741
R3 0.70464 S3 0.69570
R4 0.70740 S4 0.69294
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.70017
4. EUR / USD
REPORTFROM:TPGLOBALFX2020
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 1.14635 S1 1.14137
Buy Above 1.14817
1.15086
1.13942
1.13942
1.13654
1.14817
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.14789 S2 1.13983
R3 1.15038 S3 1.13734
R4 1.15441 S4 1.13331
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.14386
JULY,
5. GBP / USD
REPORTFROM:TPGLOBALFX2020
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 1.26549 S1 1.25545
Buy Above 1.26797
1.27155
1.25610
1.25610
1.25303
1.26797
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.26859 S2 1.25235
R3 1.27361 S3 1.24733
R4 1.28173 S4 1.23921
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.26047
JULY,
6. USD /CAD
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.35832 S1 1.35326
Buy Above 1.35630
1.35777
1.34867
1.34867
1.34581
1.35630
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.35989 S2 1.35169
R3 1.36242 S3 1.34916
R4 1.36652 S4 1.34506
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.35579
Trend Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
JULY,
7. USD /JPY
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 107.463 S1 107.063
Buy Above 107.524
107.704
106.921
106.921
106.684
107.524
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 107.586 S2 106.940
R3 107.786 S3 106.740
R4 108.109 S4 106.417
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
107.263
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
JULY,
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1820.04 S1 1808.78
Buy Above 1821.56
1825.49
1807.96
1807.96
1803.61
1821.56
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1823.53 S2 18051805.29
R3 1829.16 S3 1799.66
R4 S4 1790.54
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1814.41
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
1838.28
JULY,
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
/tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx
that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently,
investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such
trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading,
to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this
website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your
personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of
Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and
operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does
not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note
