Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
05:30 AM AUD RBA Meeting Minutes High -
10:00 AM GBP Unemployment Rate MAY High 3.8%
10:00 AM GBP Claimant Count Change JUN High 0.5%
01:00 PM EUR
Inflation Rate YoY Final JUN
High 8.6%
04:30 PM USD Housing Starts JUN High 1.56%
04:30 PM USD Building Permits JUN High 1.68M
04:30 PM USD Housing Starts MoM JUN Medium 1.68M

2. AUD/USD TREND: Neutral
Technical Outlook:
AUD/USD started the fresh week on a positive note but with limited gains. The upside face rejection
near the crucial 0.6800 psychological level. A daily close above 0.6820 will warranty further upside.
Indicators Daily chart Status
RSI 43 Bearish
STOCHASTIC 52 Bullish
MACD Below midline Bearish
200 EMA 0.7166 Bearish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6800 0.6830 0.6860 0.6770

3. NZD/USD TREND: Neutral
Technical Outlook:
NZD/USD attempted to recover from the previous week’s sell-off. But, faces strong upside rejection
near 0.6200. A sell on rise opportunity for traders.
Indicators Daily chart Status
RSI 41 Bearish
STOCHASTIC 52 Bullish
MACD Below midline Bearish
200 EMA 0.6619 Bearish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 0.6170 0.6140 0.6110 0.6200

4. EUR/USD TREND: BEARISH
Technical Outlook:
The EUR/USD pair remained pressured below 1.0120 with a negative bias. However, we expect a
range bound movement with no clear directional bias.
Indicators Daily chart Status
RSI 33 Bearish
STOCHASTIC 26 Bearish
MACD Below midline Bearish
200 EMA 1.0937 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.0090 1.0120 1.0150 1.0060
.

5. GBP/USD TREND: BEARISH
Technical Outlook:
On the daily chart, the GBP/USD pair continues to exhibit sideways moves. A vital support is placed
around 1.1850. A bounce back is expected.
Indicators Daily chart Status
RSI 36 Bearish
STOCHASTIC 32 Bearish
MACD Below midline Bearish
200 EMA 1.2891 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.1890 1.1920 1.1950 1.1860

6. USD/JPY TREND: BULLISH
Technical Outlook:
USD/JPY started the new week on a softer note. Bulls failed to sustain the gains above 139.40 and
resulted in minor correction.
Indicators Daily chart Status
RSI 65 Bullish
STOCHASTIC 74 Bullish
MACD Above midline Bullish
200 EMA 122.60 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 138.30 138.00 137.70 138.60

7. USD/CAD TREND: Neutral
Technical Outlook:
USD/CAD breaks below 1.3000 crucial mark as the fresh trading week begins. More downside is
expected if descend toward 1.2950.
Indicators Daily chart Status
RSI 53 Bullish
STOCHASTIC 39 Bearish
MACD Above midline Bullish
200 EMA 1.2743 Bullish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.3000 1.2970 1.2940 1.3030

8. USD/CHF TREND: BULLISH
Technical Outlook:
USD/CHF traded in a very narrow range but with a positive bias. The pair retreated after testing
weekly highs of 0.9845 in the last trading session. The mentioned level remained a critical level to
cross.
Indicators Daily chart Status
RSI 53 Bullish
STOCHASTIC 62 Bullish
MACD Above midline Bullish
200 EMA 0.9469 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 0.9750 0.9780 0.9810 0.9720

9. GOLD TREND: BEARISH
Technical Outlook:
On the daily chart, XAU/USD manages to defend the $1,700 support level. Although breached briefly
in the last week. Traders are advised to follow strict stop loss while opening new long position.
Indicators Daily chart Status
RSI 29 Bearish
STOCHASTIC 14 Bearish
MACD Below midline Bearish
200 EMA $1,830 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy $1,710 $1,715 $1,720 $1,700