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Asian Bulle n: Japanese yen hits fresh 2 – week high at 107.52 mark against U.S. dollar, Asian markets mixed, gold stabilizes above $1,710 mark
Asian Headlines:
• New Zealand manufacturing sales q/q stands at 0.0 pct vs 2.2 pct previous released.
• Japan core machinery orders m/m stands at -12.0 pct vs -0.4 pct previous released (expected -7.5 pct).
• Japan PPI y/y stands at -2.7 pct vs -2.4 pct previous released (expected -2.4 pct).
• China CPI y/y stands at 2.4 pct vs 3.3 pct previous released (expected 2.7 pct).
• China PPI y/y stands at -3.7 pct vs -3.1 pct previous released (expected -3.2 pct).
Economic Data Ahead:
• (0245 ET/0645 GMT) France industrial Produc on m/m, previous -16.2 pct, expected -20.0 pct.
• (0530 ET/0930 GMT) South Africa business confidence, previous 77.8.
Economic Events Ahead:
• (0830 ET/1230 GMT) U.S. CPI, core CPI data.
• (1400 ET/1800 GMT) U.S. FOMC interest rate decision, FOMC statement.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.01% to 96.33.
USD/JPY: The Japanese Yen trades marginally higher despite lower than expected core machinery orders data. A sustained close above 107.70 will take
the parity higher towards key resistance around 108, 22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below
107.70 will drag the parity down towards 107.51, 106.60 and 105.98 marks respec vely.
AUD/USD: The Aussie trades flat and currently hovers around $0.6970 mark. The pair made intraday high at $0.6976 and low at $0.6932 marks. On the
top side key resistances are seen at $0.7002, $0.7042, $0.7082, $0.7122 and $0.7160 mark respec vely. On the other hand, a consistent close below
$0.6961 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 moves in s ff boundaries against U.S. dollar and stabilizes around $0.6530 mark in Asian hours. Pair made intraday high at $0.6532
and low at $0.6494 mark. Key resistances are seen at $0.6597, $0.6620 and $0.6665 mark respec vely. Alterna vely, a consistent close below $0.6513
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 moves in rigid boundaries against U.S. dollar and consolidates around 75.22 mark. The pair made intraday high at 75.37
and low at 75.23. 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 remains almost unchanged against U.S. dollar and trading around $1.1345 mark. Today pair made intraday high at $1.1346 and
low at $1.1331 mark. A sustained close above $1.1339 tests key resistances at $1.1367, $1.1412 and $1.1448 mark respec vely. On the other side, a
sustained close below $1.1339 will target key supports around $1.1289, $1.1240, $1.1167, $1.1134 and $1.1067 marks respec vely
.
GBP/USD: The pound rises against U.S. dollar and hovers around key resistance at $1.2728 mark. A sustained close above $1.2728 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 trades flat at $1,715 mark. Pair made intraday high at $1,718 and low at $1,712 mark. A sustained close above $1,714 requires
for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,702, $1,692, $1,685, $1,670,
$1,657, $1,648, $1,640 and 1,632 mark respec vely. Key resistances are seen at $1,722, $1,748 and $1,754 mark respec vely.
XAG/USD (Silver): Silver appreciates in opening hours and trading around $17.70 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 Down Trend
Moving Average (Period=75) Below MA
H 1
RIS (Period=26) Below RIS LEVEL 50
FIBO Levels PIVOT
R1 0.70216 S1 0.69116
Buy Above 0.70183
0.70501
0.69381
0.69381
0.68943
0.70183
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.70556 S2 0.68776
R3 0.71106 S3 0.68226
R4 0.71996 S4 0.67336
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.69666
4. EUR / USD
REPORTFROM:TPGLOBALFXJUNE,2020
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 1.13613 S1 1.12675
Buy Above 1.13601
1.13889
1.13104
1.13104
1.12730
1.13601
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.13984 S2 1.12384
R3 1.14373 S3 1.11915
R4 1.15133 S4 1.11155
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.13144
5. GBP / USD
REPORTFROM:TPGLOBALFXJUNE,2020
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 1.27522 S1 1.26474
Buy Above 1.27680
1.28012
1.26958
1.26958
1.26509
1.27680
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.27846 S2 1.26150
R3 1.28370 S3 1.25626
R4 1.29218 S4 1.24778
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.26998
6. USD /CAD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.34696 S1 1.33716
Buy Above 1.34427
1.34765
1.33682
1.33682
1.33184
1.34427
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.34999 S2 1.33413
R3 1.35489 S3 1.32923
R4 1.36282 S4 1.32130
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.34206
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 108.318 S1 107.614
Buy Above 107.976
108.235
107.396
107.396
107.067
107.976
– 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 108.535 S2 107.397
R3 108.887 S3 107.045
R4 109.456 S4 106.476
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
107.966
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 1719.86 S1 1698.06
Buy Above 1721.03
1725.97
1708.52
1708.52
1701.48
1721.03
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1726.60 S2 1691.32
R3 1737.50 S3 1680.42
R4 S4 1662.78
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1708.96
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
1755.14
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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