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Asian Bulle n: U.S. dollar starts a new week on a lower note against all the major peers; Asian stock markets slightly down; gold touches $1,944 mark
in opening hours
Asian Headlines:
• Chinese industrial profit stands at 11.5 pct vs 6.00 pct previous release.
• Japan all industry ac vity stands at -3.5 pct vs -7.6 pct previous release.
Economic Data Ahead:
• (0400 ET/0800 GMT) German IFO business climate, previous 86.2, expected 89.2.
• (0830 ET/1230 GMT) U.S. durable good order, previous 15.7 pct, expected 7.0 pct.
• (0830 ET/1230 GMT) U.S. core durable good order, previous 3.7 pct, expected 3.5 pct.
Economic Events Ahead:
• Tenta ve German Buba monthly report.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.58% to 93.89.
USD/JPY: The Japanese yen strengthens no ceably against U.S. dollar and hits fresh 4 – month high at 105.44 mark. A sustained close above 106.07
will take the parity higher towards key resistance around 106.90, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a
consistent close below 106.07 will drag the parity down towards 105.44, 104.88 and 104.20 marks respec vely.
AUD/USD: The Aussie rises gradually against U.S. dollar and jumps back above $0.71 mark. The pair made intraday high at $0.7146 and low at $0.7082
marks. On the top side key resistances are seen at $0.7162, $0.7182, $0.7222 and $0.7247 mark respec vely. On the other hand, a consistent close
below $0.7097 will take the parity down towards key supports around $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi appreciates against U.S. dollar and stabilizes above $0.6650 mark in opening hours. Pair made intraday high at $0.6681 and low at
$0.6624 mark. Key resistances are seen at $0.6702, $0.6726 and $0.6766 mark respec vely. Alterna vely, a consistent close below $0.6637 will drag
the parity down towards key supports around $0.6576, $0.6530, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee trades marginally higher against U.S. dollar and hovers around 74.50 mark in opening hours. The pair made intraday high at
74.59 and low at 74.35. A sustained close below 74.37 marks will drag the parity down towards 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 rises manifestly and jumps above $1.1700 mark against U.S. dollar. The pair made intraday high at $1.1725 and low at $1.1641
mark. A sustained close above $1.1654 tests key resistances at $1.1725, $1.1748 and $1.1777 mark respec vely. On the other side, a sustained close
below $1.1654 will target key supports around $1.1590, $1.1540, $1.1526, $1.1470, $1.1425, $1.1370, $1.1343, $1.1272 and $1.1240 marks
respec vely.
GBP/USD: The pound hits fresh 4 – month high at $1.2858 mark against U.S. dollar. A sustained close above $1.2790 will drag the parity up towards
$1.2858, $1.2888 and $1.2920 mark respec vely. Key support levels are seen at $1.2775, $1.2717, $1.2661, $1.2510, $1.2457 and $1.2422 mark
respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold touches $1,944 mark in early Asia. Today pair made intraday high at $1,944 and low at $1,900 mark. A sustained close above
$1,901 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,900, $1,862,
$1,841, $1,817, $1,802, $1,790, $1,784 and $1,770 mark respec vely. Key resistances are seen at $1,951, $1,976, $1,982, $1,994 and $1,999 mark
respec vely.
XAG/USD (Silver): Silver touches $24.39 mark in opening hours. A sustained close above $24.00 requires for upside rally. Key support levels are seen at
$22.72, $22.38, $21.90, $21.50, $21.30 and $20.50 marks respec vely. Key resistances are seen at $25.11, $25.44, $25.62 and $26.20 marks
respec vely.
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 0.71212 S1 0.70742
Buy Above 0.71726
0.72070
0.70617
0.70617
0.70379
0.71726
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.71356 S2 0.70598
R3 0.71591 S3 0.70363
R4 0.71970 S4 0.69984
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.70977
EUR / 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 1.16602 S1 1.16016
Buy Above 1.17280
1.17642
1.16583
1.16583
1.16293
1.17280
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.16783 S2 1.15835
R3 1.17076 S3 1.15542
R4 1.17550 S4 1.15068
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.16309
JULY,
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 1.28045 S1 1.27387
Buy Above 1.28717
1.29050
1.28080
1.28080
1.27706
1.28717
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.28249 S2 1.27183
R3 1.28578 S3 1.26854
R4 1.29111 S4 1.26321
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.27716
JULY,
USD /CAD
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.34379 S1 1.33859
Buy Above 1.34171
1.34419
1.33635
1.33635
1.33394
1.34171
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.34540 S2 1.33698
R3 1.34800 S3 1.33438
R4 1.35221 S4 1.33017
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.34119
Trend Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
JULY,
USD /JPY
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 106.698 S1 105.766
Buy Above 106.387
106.614
105.415
105.415
105.152
106.387
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 106.986 S2 105.478
R3 107.452 S3 105.012
R4 108.206 S4 104.258
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
106.232
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
JULY,
XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1,951.00 S1 1,911.00
Buy Above 1938.86
1947.58
1911.03
1911.03
1896.92
1938.86
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Note: Pivots levels are updated later on not on charts
– Stop Loss
R2 1,976.00 S2 1,900.00
R3 1,982.00 S3 1,886.00
R4 S4 1,881.00
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1896.52
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
1994.00
JULY,
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you!
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REPORTFROM:TPGLOBALFX
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