Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
12:30 AM USD API Crude Oil Stock
Change 15/JUL
Medium -
03:10 AM AUD RBA Gov Lowe Speech High -
10:00 AM GBP Inflation Rate YoY JUN High 9.5%
10:00 AM GBP Core Inflation Rate YoY JUN High 5.9%
04:30 PM CAD Inflation Rate YoY JUN High 8%
06:00 PM USD Existing Home Sales JUN High 5.3M

2. AUD/USD TREND: NEUTRAL
Technical Outlook:
AUD/USD continues its gains for the fourth straight session. A daily acceptance above 0.6950 will
give push for more upside.
Indicators Daily chart Status
RSI 53 Bullish
STOCHASTIC 98 Bullish
MACD Below midline Bearish
200 EMA 0.7165 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 0.6920 0.6950 0.6980 0.6890

3. NZD/USD TREND: NEUTRAL
Technical Outlook:
On the daily chart, the NZD/USD extends the previous session’s gains. The bulls took control post the
lows made around 0.6141 on Tuesday.
Indicators Daily chart Status
RSI 54 Bullish
STOCHASTIC 99 Bullish
MACD Below midline Bearish
200 EMA 0.6616 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 0.6265 0.6295 0.6325 0.6235

4. EUR/USD TREND: NEUTRAL
Technical Outlook:
EUR/USD is on the way to tag the highs of July 6 made at 1.0277. However, the upside momentum
slows down in today’s session. But, the outlook remains mildly positive.
Indicators Daily chart Status
RSI 45 Bearish
STOCHASTIC 54 Bullish
MACD Below midline Bearish
200 EMA 1.0932 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 1.0240 1.0270 0.0300 1.0210
.

5. GBP/USD TREND: NEUTRAL
Technical Outlook:
On the daily chart, the GBP/USD approaches the critical resistance placed at 1.2050. The volume
rises as the price continues to move up.
Indicators Daily chart Status
RSI 46 Bearish
STOCHASTIC 64 Bullish
MACD Below midline Bearish
200 EMA 1.2884 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 1.2030 1.2060 1.2090 1.2000

6. USD/JPY TREND: BULLISH
Technical Outlook:
After testing the low of 137.38 in the previous session, the USD/JPY pair bounced back to claim the
psychological 138.0 mark. We expect a range bound price action with a neutral bias.
Indicators Daily chart Status
RSI 63 Bullish
STOCHASTIC 69 Bullish
MACD Above midline Bullish
200 EMA 123.76 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 138.00 137.70 137.40 138.30

7. USD/CAD TREND: NEUTRAL
Technical Outlook:
USD/CAD fell sharply in the past trading session following the formation of ‘three black crows’. A
bearish formation. A strong support placed around 1.2850.
Indicators Daily chart Status
RSI 45 Bearish
STOCHASTIC 6 Bearish
MACD Above midline Bullish
200 EMA 1.2742 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 1.2870 1.2840 1.2810 1.2900

8. USD/CHF TREND: NEUTRAL
Technical Outlook:
USD/CHF consolidates near 0.9680 after recording a fall of more than 130-pip. A break below the
mentioned level could result in more losses.
Indicators Daily chart Status
RSI 47 Bearish
STOCHASTIC 41 Bearish
MACD Above midline Bullish
200 EMA 0.9470 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 0.9695 0.9665 0.9635 0.9725

9. GOLD TREND: BEARISH
Technical Outlook:
XAU/USD continues to consolidate in a very narrow trade range of $1,705-$1,710. The precious
metal remained stuck in the familiar trade range. But the bearish potential remains intact.
Indicators Daily chart Status
RSI 26 Bearish
STOCHASTIC 12 Bearish
MACD Below midline Bearish
200 EMA $1,837 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL $1,710 $1,700 $1,690 $1,720