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Asian Bulle n: Aussie trades marginally lower against U.S. dollar and slips back below $0.7000 mark; gold touches $1,704 mark in early Asia; Most
Asian stock markets in green
Asian Headlines:
• U.K. BRC retail sales monitor y/y stands at 7.9 pct vs 5.7 pct previous released (expected 3.0 pct).
• Japan average cash earnings y/y stands at -0.6 pct vs 0.1 pct previous released (expected -1.0).
• Japan M2 money stock y/y stands at 5.1 pct vs 3.7 pct previous released (expected 4.0).
• New Zealand ANZ business confidence stands at -33.0 vs -41.8 previous released.
• Australia NAB business confidence stands at -20 vs -45 previous released.
• Geopoli cal tensions arise in between Korean countries.
• North Korea: It would cut off communica ons channels with South Korea over the South’s inability to stop ac vists from sending an -North
leaflets across the border in balloons.
Economic Data Ahead:
• (0145 ET/0545 GMT) Swiss unemployment rate, previous 3.3 pct, expected 3.6 pct.
• (0200 ET/0600 GMT) German trade balance, previous 12.8B, expected 11.9B.
• (0200 ET/0600 GMT) Japan machine orders tools, previous -48.3 pct.
• (0245 ET/0645 GMT) France trade balance, previous -3.3B vs -3.4B.
• (0500 ET/0900 GMT) Euro Zone Final employment change q/q, previous -0.2 pct, expected -0.2 pct.
• (0500 ET/0900 GMT) Euro Zone revised GDP, previous -3.8 pct, expected -3.8 pct.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.12% to 96.73.
USD/JPY: The Japanese Yen hits fresh 5 – day high at 107.91 mark in early Asia. A sustained close above 108.42 will take the parity higher towards key
resistance around 108.98, 109.20, 109.72, 110.20 and 110.72 mark respec vely. On the other side, a consistent close below 108.42 will drag the parity
down towards 107.90, 107.51, 106.60 and 105.98 marks respec vely.
AUD/USD: The Aussie trades reasonably up in early Asia but soon reverses its previous gain and slips below $0.7000 mark. The pair made intraday high
at $0.7042 and low at $0.6988 marks. On the top side key resistances are seen at $0.7042, $0.7082, $0.7122 and $0.7160 mark respec vely. On the
other hand, a consistent close below $0.6967 will take the parity down towards key supports around $0.6930, $0.6882, $0.6856 and $0.6760 mark
respec vely.
NZD/USD: The kiwi rises gradually against U.S. dollar and touches $0.6580 mark in Asian hours. Pair made intraday high at $0.6580 and low at $0.6540
mark. Key resistances are seen at $0.6597, $0.6620 and $0.6665 mark respec vely. Alterna vely, a consistent close below $0.6507 will drag the parity
down towards key supports around $0.6454, $0.6403, $0.6356 and $0.6289 mark respec vely.
USD/INR: The Indian rupee trades flat against U.S. dollar and trading around 75.30 mark. The pair made intraday high at 75.36 and low at 75.22. A
sustained close below 74.75 marks will drag the parity down towards 74.48, 74.12 and 73.99 mark. On the top side key resistances are seen at 75.47,
75.76, 76.04 marks respec vely.
EUR/USD: The euro consolidates around $1.1290 against U.S. dollar. Today pair made intraday high at $1.1315 and low at $1.1284 mark. A sustained
close above $1.1293 will check key resistances at $1.1337, $1.1367, $1.1412 and $1.1448 mark respec vely. On the other side, a sustained close
below $1.1289 will target $1.1167, $1.1134, $1.1067, $1.1002 and $1.0920 mark respec vely.
GBP/USD: The pound moves in rigid boundaries against U.S. dollar and hovers around $1.2700 mark. A sustained close above $1.2722 will drag the
parity up towards $1.2777, $1.2803 and $1.2849 mark respec vely. Key support levels are seen at $1.2672, $1.2610, $1.2582 and $1.2550 marks
respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold fails to find support below $1,670 mark and currently stabilizes above $1,690 mark. Pair made intraday high at $1,704 and low
at $1,693 mark. A sustained close above $1,698 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down
towards key supports around $1,670, $1,657, $1,648, $1,640 and 1,632 mark respec vely. Key resistances are seen at $1,708, $1,722, $1,748 and
$1,754 mark respec vely.
XAG/USD (Silver): Silver depreciates in opening hours and trading below $17.60 mark. A sustained close above $17.77 requires for upside rally. Key
support levels are seen at $17.40, $17.32, $17.22, $17.09 and $16.98 marks respec vely. Key resistances are seen at $17.78, $17.92, $18.09 and
$18.38 marks respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS
Trends Reversing Down Trend
Moving Average (Period=75) Below MA
H 1
RIS (Period=26) Below RIS LEVEL 50
FIBO Levels PIVOT
R1 0.70007 S1 0.69379
Buy Above 0.70490
0.70870
0.69660
0.69660
0.69370
0.70490
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.70201 S2 0.69185
R3 0.70515 S3 0.68871
R4 0.71023 S4 0.68363
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.69693
4. EUR / USD
REPORTFROM:TPGLOBALFXJUNE,2020
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 1.13563 S1 1.12759
Buy Above 1.13225
1.13508
1.12672
1.12672
1.12329
1.13225
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.13812 S2 1.12510
R3 1.14214 S3 1.12108
R4 1.14865 S4 1.11457
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.13161
5. GBP / USD
REPORTFROM:TPGLOBALFXJUNE,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 1.27171 S1 1.26037
Buy Above 1.27515
1.28044
1.26406
1.26406
1.25811
1.27515
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.27528 S2 1.25688
R3 1.28087 S3 1.25121
R4 1.29003 S4 1.24205
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.26604
6. USD /CAD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.34894 S1 1.33964
Buy Above 1.34416
1.34724
1.33370
1.33370
1.32966
1.34416
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.35180 S2 1.33678
R3 1.35645 S3 1.33213
R4 1.36396 S4 1.32462
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.34429
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
7. USD /JPY
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 109.335 S1 108.221
Buy Above 108.773
109.039
107.877
107.877
107.591
108.773
– Take Profit
– Stop Loss
Sell Below
RSI Divergence found If sell triggers can go for even Sell trend in future
– Take Profit
– Stop Loss
Note :
R2 109.680 S2 107.676
R3 110.237 S3 107.319
R4 111.139 S4 106.417
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
108.778
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1700.11 S1 1672.97
Buy Above 1708.39
1724.81
1685.39
1685.39
1671.89
1708.39
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1718.96 S2 1662.12
R3 1736.53 S3 1644.55
R4 S4 1616.13
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1690.54
Trends Reversing Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1764.95
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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