JUN

2020
VOL 8

1|E YEO F FUT URE 29 JUN 2020

US DOLLAR OUTLOOK
The US dollar index is also reacting to
the personal spending and income
data from the US. According to the
commerce ministry, personal spending
increased by 8.2% in May as more
states continued to reopen. That
number was better than the previous
decline of 12.6%. As we can see from
the daily DXY chart, the rises of USD is
just a secondary after a series of drop.
We see that the upside movement of
DXY will continue until meet the next
harmonic resistance area at around
98.50 while developing a Rising Wedge
pattern.

DOW JONES OUTLOOK

The Dow Jones Industrial Average fell 730 points, or 2.8%, while the S&P 500 lost 2.4%.
Both ended the week down about 3%. The Nasdaq Composite declined 2.6% on
Friday. Banks and big tech companies were among the biggest decliners to close
the week. By the price movement at daily chart, we can see that the last movement
has closed below prior candle. The momentum indicator is also pointing down to
meet the oversold area. This movement confirms that the downside will continue as
a secondary movement.

OUR TRADE PICK

This week Astronacci sees a several of currency

pairs that can be traded with reference to price
action analysis. We recommend entering into
your trading with a choice of Gold, Aussie, Aussie
Yen, Aussie Loonie and Aussie Kiwi. This option has
formed a certain pattern that can be
immediately traded.

2|E YEO F FUT URE 29 JUN 2020

 DXY: JUST A SECONDARY MOVEMENT

Source: Astronacci

Moving in Bearish Trend

At this moment, US Dollar Index (DXY) on the daily chart looks that it will make a short upside movement
while developing a Rising Wedge pattern. The momentum indicator is pointing up in the neutral area
after doing a golden cross. It indicates the upside movement will continue to the next harmonic
resistance area as a secondary reaction.

3|E YEO F FUT URE 29 JUN 2020

 DJI: POSTPONING TO FILL THE UPPER GAP

Source: Astronacci

Moving in Short Bearish

At this moment, the Dow Jones Index (DJI) seems to close the gap down first before continuing the
sideways. DJI is more than likely postponing to move the next resistance area and close the upside
gap. The momentum is extremely pointing down near, more than likely, the downside movement will
run to the downside area. After closing the gap, it seems that DJI will continue the upside movement.
We foresee the next downside target area is around at 23,750.

4|E YEO F FUT URE 29 JUN 2020

 GOLD (XAU/USD)

BUY ON WEAKNESS
TARGET PRICE: 1,786

Source: Astronacci

Summary: GOLD (XAU/USD) by the price movement in the H4 chart has not been forming a certain classic
pattern yet, but the bullish is still the primary trend. The momentum indicator is pointing up after doing a bullish
reversal. Hence the upside movement will continue to meet the next resistance area. Your trading option
should buy on weakness with 100 pips stop loss per trade. Find the entry at smaller time frame such as 30
minutes (M30).

Momentum: According to the H4 chart, the momentum indicator is pointing up after doing a bullish reversal.
It confirms that the upside movement still strong.

Pattern: At this moment XAU/USD has not been forming a certain pattern yet, but moving in primary bullish
trend.

Price: XAU/USD has a chance to meet the next resistance area at 1,786.

5|E YEO F FUT URE 29 JUN 2020

 AUSSIE (AUD/USD)

SELL ON STRENGTH
TARGET PRICE: 0.6686

Source: Astronacci

Summary: Aussie (AUD/USD) by the price movement in H4 chart looks like forming a bearish pennant, and the
momentum indicator is pointing down at the neutral area. Hence, the downside movement will continue to
meet the next harmonic support area. Find the entry and confirmation at smaller time frame such as 30 minutes
(M30).

Momentum: H4 momentum indicator is pointing down at the neutral area, it confirms that the downside will
continue until meet the support area.

Pattern: AUD/USD looks like forming a bearish pennant pattern. It will deliver Aussie to the next harmonic support
area.

Price: The downside target for AUD/USD will be at 0.6686 which is the harmonic support area.

6|E YEO F FUT URE 29 JUN 2020

 AUSSIE YEN (AUD/JPY)

SELL ON STRENGTH
TARGET PRICE: 71.62

Source: Astronacci

Summary: Aussie Yen (AUD/JPY) by the price movement in H4 chart looks like forming a symmetrical triangle.
The momentum indicator is near to the oversold area. Hence, the downside movement will continue to the
harmonic support area after a minor pullback. Find the entry and confirmation at smaller time frame such as
30 minutes (M30).

Momentum: H4 momentum indicator is near the oversold area. This will confirm a chance of minor pullback
before downside continue.

Pattern: AUD/JPY looks like forming a symmetrical triangle pattern. It will deliver Ninja to the next harmonic
support area.

Price: The downside target for AUD/JPY will be at 71.62 which is the harmonic support area.

7|E YEO F FUT URE 29 JUN 2020

 AUSSIE LOONIE (AUD/CHF)

SELL ON STRENGTH
TARGET PRICE: 0.6370

Source: Astronacci

Summary: Aussie Loonie (AUD/CHF) by the price movement in H4 has broken down the symmetrical triangle
pattern. The momentum indicator is pointing down at the neutral area. Hence, there is a chance that the
downside movement will continue to meet the harmonic support area. Find the entry and confirmation at
smaller time frame such as 30 minutes (M30).

Momentum: H4 momentum indicator is pointing down at the neutral area. It will confirm the downside
continuation until meet the next support area.

Pattern: Aussie Loonie has broken down the symmetrical triangle pattern. It confirms the downside will continue
until meet the next support area.

Price: The downside target for AUD/CHF will be at 0.6370 which is the harmonic support area.

8|E YEO F FUT URE 29 JUN 2020

 AUSSIE KIWI (AUD/NZD)

SELL ON STRENGTH
TARGET PRICE: 1.0536

Source: Astronacci

Summary: Aussie Kiwi (AUD/NZD) by the price movement in H4 chart looks like forming a rising wedge pattern.
The momentum indicator is entering oversold area and doing a golden cross. Hence, there is a chance that
the minor pullback will occur before continue the downside. Find the entry and confirmation at smaller time
frame such as 30 minutes (M30).

Momentum: H4 momentum indicator is doing a golden cross after meet the oversold area. It confirms that the
minor pullback will occur before the downside continue.

Pattern: AUD/NZD looks like to forming a rising wedge pattern. It will deliver Aussie Kiwi to meet the next
harmonic support area.

Price: The downside target for AUD/NZD will be at 1.0536 which is the harmonic support area.

9|E YEO F FUT URE 29 JUN 2020

10 | E Y E O F F U T U R E 29 JUN 2020
No information published constitutes a solicitation or offer, or recommendation, or advice, to buy or sell any
investment instrument, to effect any transactions, or to conclude any legal act of any kind whatsoever.

The information published and opinions expressed are provided by PT Astronacci International for personal use
and for educational purposes only and are subject to change without notice. Astronacci makes no
representations (either expressed or implied) that the information and opinions expressed guarantees accuracy,
adequateness or completeness. In particular, nothing contained constitutes financial, legal, tax or other advice,
nor should any investment or any other decisions be made solely based on the content.

All opinion is based upon sources that Astronacci believes to be reliable but they have no guarantees that this
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Notes: All orders are valid until the next report is published, or a trading strategy alert is sent between reports.

Trading Positions
• BUY Stop : Buy order above specified price.
• SELL Stop : Sell order below specified price
• Stop Loss BUY : Closing buy position with SELL stop order to prevent further losses.
• Stop Loss SELL : Closing sell position with buy stop order to prevent further losses.
• Break Even S/L : Stop Loss order with a point above buy price or below sell price.
• Take Profit : Closing position in a profitable condition.
• Trailing Stop : Stop Loss order adjustment to ensure profitable position.
• Average Up : Adding more position as price moves toward the desired direction.
• Average Down : Adding more position as price moves toward opposite of the desired direction.

Money Management
• Margin Call : A position that you need to top up your capital or auto cut will be executed.
• 30% budget : Buying with maximum limit 30% of slot.
• 50% budget : Buying with maximum limit 50% of slot.
• Leverage : Buying activity that is accompanied with the usage of margin facility served by brokerage firm.

11 | E Y E O F F U T U R E 29 JUN 2020