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Asian Bulle n: USD/JPY takes halt around 105.10 mark; most Asian markets in green; gold hits record high at $1,981 mark in early Asia
Asian Headlines:
• Japan SPPI y/y stands at 0.8 pct vs 0.5 pct previous release (expected 0.8).
Economic Data Ahead:
• (0300 ET/0700 GMT) Spain unemployment rate, previous 14.4 pct, expected 16.7 pct.
• (0600 ET/1000 GMT) U.K. CBI realized sales, previous -37, expected -27.
• (0900 ET/1300 GMT) U.S. HPI, previous 4.0 pct.
• (1000 ET/1400 GMT) U.S. CB consumer confidence, previous 98.1, expected 94.0.
• (1000 ET/1400 GMT) U.S. Richmond manufacturing index, previous 0.0, expected 5.0.
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 0.20% to 93.86.
USD/JPY: The Japanese yen fails to break key support at 105.11 mark against U.S. dollar and currently trading marginally lower since early morning. A
sustained close above 105.36 will take the parity higher towards key resistance around 106.10, 106.90, 107.92, 108.22, 108.54, 109.20 and 109.72
mark respec vely. On the other side, a consistent close below 105.36 will drag the parity down towards 105.11, 104.88, 104.20 and 103.50 marks
respec vely.
AUD/USD: The Aussie con nues to trade higher against U.S. dollar and touches $0.7177 mark in opening hours. The pair made intraday high at
$0.7177 and low at $0.7129 marks. On the top side key resistances are seen at $0.7182, $0.7222 and $0.7247 mark respec vely. On the other hand, a
consistent close below $0.7148 will take the parity down towards key supports around $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and
$0.6799 mark respec vely.
NZD/USD: The kiwi strengthens against U.S. dollar and jumps above $0.6700 mark in opening hours. This is the highest level since Dec 2019. Pair made
intraday high at $0.6702 and low at $0.6653 mark. Key resistances are seen at $0.6702, $0.6726 and $0.6766 mark respec vely. Alterna vely, a
consistent close below $0.6684 will drag the parity down towards key supports around $0.6624, $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 exhibits range bound movement against U.S. dollar and consolidates around 74.50 mark. The pair made intraday high at
74.74 and low at 74.27. 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 strikingly and touched $1.1781 mark against U.S. dollar in previous session. The pair made intraday high at $1.1773 and low
at $1.1714 mark. A sustained close above $1.1751 tests key resistances at $1.1781, $1.1824 and $1.1862 mark respec vely. On the other side, a
sustained close below $1.1751 will target key supports around $1.1654, $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 $1.2902 mark against U.S. dollar. A sustained close above $1.2881 will drag the parity up towards
$1.2902, $1.2922, $1.2956 and $1.2988 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 all me high at $1,981 mark in early Asia. Today pair made intraday high at $1,981 and low at $1,933 mark. A
sustained close above $1,942 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports
around $1,931, $1,912, $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 $26.20 mark in opening hours, highest level since Jan 2013. A sustained close above $24.60 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, $26.20, $26.48 and $26.72 marks respec vely.
AUD / USD
REPORTFROM:TPGLOBALFXJULY,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 0.71522 S1 0.71034
Buy Above 0.71726
0.71980
0.71152
0.71152
0.70909
0.71726
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.71673 S2 0.70883
R3 0.71917 S3 0.70639
R4 0.72312 S4 0.70244
Conclusion
+1 7754 366 970
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0.71278
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 1.17776 S1 1.16712
Buy Above 1.17864
1.18536
1.16764
1.16764
1.16260
1.17864
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18105 S2 1.16383
R3 1.18637 S3 1.15851
R4 1.19498 S4 1.14990
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.17244
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 1.29013 S1 1.28045
Buy Above 1.29135
1.29680
1.28028
1.28028
1.27681
1.29135
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.29311 S2 1.27747
R3 1.29795 S3 1.27263
R4 1.30577 S4 1.26481
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.28529
JULY,
USD /CAD
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.34093 S1 1.33501
Buy Above 1.34073
1.34419
1.33180
1.33180
1.32860
1.34073
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.34276 S2 1.33318
R3 1.34572 S3 1.33022
R4 1.35051 S4 1.32543
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.33797
Trend Reversing 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 105.904 S1 105.146
Buy Above 106.009
106.412
105.071
105.071
104.647
106.009
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 106.139 S2 104.911
R3 106.518 S3 104.532
R4 107.132 S4 103.918
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
105.525
Trends Reversing 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 1945.99 S1 1910.97
Buy Above 1952.72
1960.72
1921.94
1921.94
1908.34
1952.72
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Note: Pivots levels are updated later on not on charts
– Stop Loss
R2 1956.82 S2 1900.14
R3 1974.33 S3 1882.63
R4 S4 1854.29
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1928.48
Trends Reversing Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
2002.67
JULY,
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you!
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