DAILY ANALYSIS REPORT AUGUST 17 2022

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17 August 2022
Daily Analysis Report

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Asian Bulle n: Kiwi strengthens sharply a er RBNZ’s Interest Rate Decision, Asian stock markets in green, gold hovers around $1,780 mark
Key Headlines:
• RBNZ hiked key interest rate by 50 bps to 3.00 pct.
• New Zealand PPI input q/q stands at 3.1 pct vs 3.4 pct previous release.
• New Zealand PPI output q/q stands at 2.4 pct vs 2.6 pct previous release.
• Japan Core Machinery orders stands at 0.9 pct vs -5.6 pct previous release.
• Japan Trade Balance stands at -2.13T vs -1.95T previous release.
• Australia MI leading Index remains unchanged at -0.2 pct.
• Australia Wage Price Index q/q remains unchanged at 0.7 pct.
• Asian shares tracked solid Wall Street performance on Wednesday as strong overnight earnings for U.S. retail giants pointed to further scope for the Federal Reserve to tackle
infla on with rate hikes – Reuters.
• Traders and fund managers have le crude oil markets in recent months, dropping ac vity to a seven-year low amid the worst global energy crisis in decades as investors become
unwilling to deal with persistently high vola lity – Reuters.
• Japan's imports jumped to a record amount in July, boosted by global fuel infla on and a weak yen, outweighing exports and deepening the trade deficit, in a sign of a further
worsening in the terms of trade for the export-oriented economy – Reuters.
• New Zealand's central bank on Wednesday delivered its seventh straight interest rate hike and signalled a more hawkish ghtening path over coming months to rein in stubbornly
high infla on – Reuters.
• North Korea fired two cruise missiles towards the sea off its west coast early on Wednesday, the Yonhap news agency said, ci ng a South Korean military source – Reuters.
• The United Kingdom's COVID booster campaign is set to kick off this September, a er the country became the first in the world to approve an Omicron-adapted shot – Reuters.
• Britain, the first country to approve a coronavirus vaccine in late 2020, has now also given the first green light to a variant-adapted shot that targets both the original and Omicron
version of the virus – Reuters.
• Ac vist investor Ellio Management has a large posi on in Cardinal Health Inc and is seeking a few seats on the medical products distributor's board, the Wall Street Journal
reported on Monday, ci ng people familiar with the ma er – Reuters.
• Germany's Bayer said it has decided to con nue supplying Russia with essen al agricultural inputs, reversing course from comments made in March that supplies for 2023 would be
con ngent on Russia stopping its a acks on Ukraine – Reuters.
• Serum Ins tute of India's (SII) Chief Execu ve Officer Adar Poonawalla said he expects an Omicron-specific vaccine in the country in six months, NDTV reported on Monday –
Reuters.
• Pfizer Inc Chief Execu ve Officer Albert Bourla said on Monday he had tested posi ve for COVID-19 and was experiencing very mild symptoms – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) U.K. CPI, previous 9.4 pct, expected 9.8 pct.
• (0600 GMT/1130 IST) U.K. Core CPI, previous 5.8, expected 5.9.
• (0600 GMT/1130 IST) U.K. PPI Input, previous 1.8, expected 0.7.
• (0600 GMT/1130 IST) U.K. PPI Output, previous 1.4, expected 0.9.
• (0830 GMT/1400 IST) U.K. HPI, previous 12.8, expected 13.0.
• (0900 GMT/1430 IST) Euro Flash Employment Change, previous 0.6, expected 0.4.
• (0900 GMT/1430 IST) Euro Flash GDP q/q, previous 0.7, expected 0.7.
• (1230 GMT/1800 IST) U.S. Retail Sales, previous 1.0, expected -0.1.
• (1230 GMT/1800 IST) U.S. Core Retail Sales, previous 1.0, expected 0.1.
• (1400 GMT/1930 IST) U.S. Business Inventories, previous 1.4, expected 1.4.
Economic Events Ahead:
• (1800 GMT/2330 IST) U.S. FOMC Mee ng Minutes.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.04 pct to 106.46 points.

3. AUD / USD
BUY SELL
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Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7030
R2 S2
0.7055
R3 S3
0.7072
R4
Commentary
S4
0.7090
Buy Above 0.7030
0.7060
0.7005
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6986
0.6955
0.7012
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie falls in early Asian as wage price index data misses expectations and parity
slips back below $0.7000 mark. Today pair made intraday high at $0.7026 and low at $0.6987 mark.A
day chart is up and H1 chart with triple EMAsuggests down trend for the time being.Asustained close
above $0.7030 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.6989 will check further supports.
0.6989
0.6962
0.6950
0.6927
AUGUST,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0190
R2 S2
1.0226
R3 S3
1.0250
R4
Commentary
S4
1.0278
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-
Time Frame: H1
EUR/USD: The euro trades almost flat on Wednesday and consolidates around $1.0170 marks.
Today the pair made intraday high at $1.0179 and low at $1.0164 mark. Today triple EMA on a day
chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0190 on H1
chart requires for the upside rally. Alternatively, a sustained close below $1.0160 on H1 chart will
check further supports
EUR / USD
1.0160
1.0127
1.0105
1.0086
Buy Above 1.0190
1.0227
1.0160
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0150
1.0122
1.0176
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
AUGUST,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2115
R2 S2
1.2140
R3 S3
1.2162
R4
Commentary
S4
1.2176
Buy Above 1.2115
1.2150
1.2089
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2087
1.2055
1.2112
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling trades slightly higher on Wednesday ahead of U.K.’s CPI data and stabilizes
around $1.2100 mark. Today pair made intraday high at $1.2116 and low at $1.2083 mark. A day
chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close
above $1.2115 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.2086 will check further supports.
USD
1.2086
1.2072
1.2050
1.2027
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
AUGUST,
2022

6. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26 Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2862
R2 S2
1.2890
R3 S3
1.2915
R4
Commentary
S4
1.2940
Buy Above 1.2862
1.2890
1.2840
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2830
1.2805
1.2852
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD starts a new day on a lower note and hovers around 1.2850 mark. Today the pair
made intraday high at 1.2859 and low at 1.2838 mark. Today a day chart and H1 chart with triple EMA
suggest bearish trend for the time being.Asustained close above 1.2862 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2840 on H1 chart will check key supports too.
USD /CAD
1.2840
1.2802
1.2790
1.2755
AUGUST,
2022

7. BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
134.52
R2 S2
134.78
R3 S3
135.10
R4
Commentary
S4
135.42
Buy Above 134.30
134.60
134.02
– Take Profit
– Stop Loss
Trade Idea
Sell Below 133.90
133.56
134.21
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen fell sharply in previous session and currently stabilizes above 134.00
mark. The pair made intraday high at 134.43 and low at 133.90 mark. The triple EMAon a day chart is
down and H1 chart suggests up trend for the time being. A sustained close above 134.38 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 133.90 on H1 chart will check
further key supports.
USD /JPY
133.90
133.62
133.37
133.12
AUGUST,
2022

8. BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1782
R2 S2
1789
R3 S3
1794
R4
Commentary
S4
1799
Buy Above 1782
1789
1776
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1774
1768
1776
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold exhibits range bound movement on Wednesday and hovers around $1,778
mark ahead of U.S. Retail Sales and FOMC Meeting Minutes data. Today the pair made intraday high
at $1,779 and low at $1,773 mark. Today a day chart and H1 chart with triple EMAsuggest down trend
for the time being. A sustained close above $1,782 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $1,774 on H1 chart will test further supports.
XAU [GOLD]
USD
/
1772
1767
1762
1756
AUGUST,
2022

9. Thank
you!
Info@tpglobalfx.com
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