Let's review all the major instrument analysis including: #AUDUSD, #EURUSD, #GBPUSD, #USDCAD, #USDJPY and #GOLD.

1. Daily Analysis Report
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07 August, 2020

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Asian Bulle n: Japanese yen trades flat despite robust cash earnings and household spending data; Asian stock markets in red ahead of U.S. NFP job data; gold creates
historical high of $2,075 mark
Asian Headlines:
• Australia AIG services index stands at 44.0 vs 31.5 previous release.
• Japan average cash earning stands at -1.7 pct vs -2.3 pct previous release.
• Japan house hold spending stands at -1.2 pct vs -16.2 pct previous release.
• China trade balance stands at 442B vs 329B previous release (expected 291B).
Economic Data Ahead:
• (0200 ET/0600 GMT) German industrial produc on, previous 7.8, expected 8.3.
• (0200 ET/0600 GMT) German Trade balance, previous 7.6B, expected 10.3B.
• (0245 ET/0645 GMT) France industrial produc on, previous 19.6, expected 7.6.
• (0245 ET/0645 GMT) France prelim private payrolls, previous -2.5, expected -1.0.
• (0245 ET/0645 GMT) France trade balance, previous -7.1B, expected -7.1B.
• (0300 ET/0700 GMT) Swiss foreign currency reserves, previous 850B.
• (0330 ET/0730 GMT) U.K. Halifax HPI, previous -0.1, expected 0.2.
• (0400 ET/0800 GMT) Italy trade balance, previous 5.58B.
• (0830 ET/1230 GMT) U.S. NFP job data, previous 4800K, expected 1550K.
• (0830 ET/1230 GMT) U.S. unemployment rate, previous 11.1, expected 10.5.
• (0830 ET/1230 GMT) U.S. average hourly earnings, previous -1.2, expected -0.5.
• (0830 ET/1230 GMT) Canada job data, previous 952.9K, expected 375.0K.
• (0830 ET/1230 GMT) Canada unemployment rate, previous 12.3, expected 11.1.
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 0.33% to 93.09.
USD/JPY: The Japanese yen remains almost unchanged despite robust cash earnings and household spending data. A sustained close above 105.94 will take the parity
higher towards key resistance around 106.22, 106.90, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 105.50
will drag the parity down towards 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie touches $0.7243 mark in early Asia, hits highest level since Feb 2019. The pair made intraday high at $0.7243 and low at $0.7194 marks. On the top
side key resistances are seen at $0.7247, $0.7286 and $0.7344 mark respec vely. On the other hand, a consistent close below $0.7235 will take the parity down towards
key supports around $0.7190, $0.7123, $0.7082, $0.7040, $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 $0.6690 and low at $0.6660 mark. Key resistances are seen at $0.6689, $0.6715,
$0.6766, $0.6782 and $0.6824 mark respec vely. Alterna vely, a consistent close below $0.6612 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 remains slightly vola le a er RBI’s interest rate decision. Yesterday RBI kept interest rate unchanged at 4.00 pct. The pair made intraday high
at 74.95 and low at 74.79. A sustained close below 74.79 marks will drag the parity down towards 74.37, 74.00, 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the
top side key resistances are seen at 75.12, 75.39, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro depreciates against U.S. dollar and slips back below $1.19 mark. The pair made intraday high at $1.1883 and low at $1.1819 mark. A sustained close
above $1.1876 tests key resistances at $1.1917, $1.1948, $1.1976 and $1.1999 mark respec vely. On the other side, a sustained close below $1.1876 will target key
supports around $1.1820, $1.1762, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound touched $1.3185 mark immediately a er BoE’s interest rate decision. A sustained close above $1.3141 will drag the parity up towards $1.3185,
$1.3212, $1.3257 and $1.3289 mark respec vely. Key support levels are seen at $1.3097, $1.3071, $1.3004, $1.2950, $1.2838 and $1.2775 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold creates new historical high of $2,075 mark in early Asia. Today pair made intraday high at $2,075 and low at $2,051 mark. A sustained close above
$2,063 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $2,034, $2,009, $1,999, $1,987,
$1,956, $1,947, $1,942, $1,931, $1,912, $1,907, $1,881 and $1,862 mark respec vely. Key resistances are seen at $2,076, $2,082, $2,088, $2,094 and $2,111 mark
respec vely.
XAG/USD (Silver): Silver touches $29.85 mark in opening hours, hits highest level since Feb 2013. A sustained close above $28.90 requires for upside rally. Key support
levels are seen at $27.88, $26.94, $26.00, $25.28, $24.41, $23.48 and $23.24 marks respec vely. Key resistances are seen at $29.85, $30.12, $30.52, $30.76 and $31.11
marks respec vely.

3. AUD / USD
REPORTFROM:TPGLOBALFXAUGUST,2020
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 0.72407 S1 0.71909
Buy Above 0.72502
0.72768
0.71743
0.71743
0.71458
0.72502
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.72562 S2 0.71754
R3 0.72811 S3 0.71505
R4 0.73215 S4 0.71101
Conclusion
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0.72158

4. EUR / USD
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Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RIS (Period=26) Below RIS LEVEL 50
FIBO Levels PIVOT
R1 1.19070 S1 1.18322
Buy Above 1.19127
1.19369
1.18035
1.18035
1.17779
1.19127
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.19302 S2 1.18090
R3 1.19676 S3 1.17716
R4 1.20282 S4 1.17110
Conclusion
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1.18696
AUGUST,2020

5. GBP / USD
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Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RIS (Period=26) Below RIS LEVEL 50
FIBO Levels PIVOT
R1 1.31739 S1 1.31175
Buy Above 1.31579
1.31758
1.30845
1.30845
1.30565
1.31579
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31914 S2 1.31000
R3 1.32196 S3 1.30718
R4 1.32653 S4 1.30261
Conclusion
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1.31457
AUGUST,2020

6. USD /CAD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.33202 S1 1.32596
Buy Above 1.33907
1.34135
1.32892
1.32892
1.32559
1.33907
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.33388 S2 1.32410
R3 1.33691 S3 1.32107
R4 1.34180 S4 1.31618
Conclusion
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1.32899
Trend Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
AUGUST,2020

7. USD /JPY
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 105.659 S1 105.357
Buy Above 105.806
105.961
105.291
105.291
105.079
105.806
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.753 S2 105.263
R3 105.904 S3 105.112
R4 106.149 S4 104.867
Conclusion
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105.508
Trends Neutral to Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
AUGUST,2020

8. XAU / [GOLD]USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 2068.60 S1 2041.80
Buy Above 2075.80
2082.74
2041.87
2041.87
2032.02
2075.80
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 2076.88 S2 2033.52
R3 2090.28 S3 2020.12
R4 S4 1998.44
Conclusion
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2055.20
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
2111.96
AUGUST,2020

9. Thank
you!
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