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22 August 2022
Daily Analysis Report

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+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: FX markets start a new week on a flat note amid absence of key economic indicators, Asian stock markets mixed, gold stabilizes below $1,750 mark
Key Headlines:
• Asian shares slipped on Monday and the dollar extended its climb amid angst over global growth as most major banks keep raising rates, while a modest easing by China served only
to highlight troubles in its property market – Reuters.
• U.S. stock index futures fell on last Friday a er Federal Reserve officials said the central bank needs to keep raising interest rates to rein in infla on, while delibera ng on how fast
and how high to li them – Reuters.
• Mexican retail sales fell 0.3% in June from May, the na onal sta s cs agency said on Friday – Reuters.
• The Norwegian and New Zealand central banks this week both delivered yet more interest rate hikes and signalled further ghtening is round the corner as policymakers globally
race to get on top of runaway infla on – Reuters.
• Six Romanian central bank board members voted to scale down the pace of monetary policy ghtening and hike interest rates by less than expected at the Aug. 5 mee ng, while the
remaining three favoured a bigger raise, minutes showed on last Friday – Reuters.
• The Indian rupee slipped against the U.S. currency on Friday as the dollar got a boost from U.S. labour data and hawkish comments from Federal Reserve officials – Reuters.
• The Russian central bank said on Thursday that corporate loans had increased 1.2% in month-on-month terms in July, up from a 0.1% increase in June – Reuters.
• Falling global oil prices and tempering infla on levels will keep Indian bond yields in ghter ranges and cause longer term yields to compress further, says Kotak Mahindra Asset
Management Company – Reuters.
• Ar llery shells rained down on a city near Europe's biggest nuclear plant and Russian missiles struck near the Black Sea port of Odesa on Sunday, as Ukraine warned of the poten al
for more serious a acks by Russia as the war neared its six-month anniversary – Reuters.
• Oil prices fell on Monday, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand – Reuters.
• The U.S. Federal Reserve will raise rates by 50 basis points in September amid expecta ons infla on has peaked and growing recession worries, according to economists in a Reuters
poll, who said the risks were skewed towards a higher peak – Reuters.
• German Economy Minister Robert Habeck ruled out on Sunday extending the lifespan of the country's three remaining nuclear power plants in order to save gas, saying it would
save at most 2 percent of gas use – Reuters.
• South Korea and the United States began their annual joint military drills on Monday with a resump on of field training, officials said, as the allies seek to ghten readiness posture
over North Korea's poten al weapons tests – Reuters.
• Support for Japanese Prime Minister Fumio Kishida's government has tumbled, ba ered by ques ons about the ruling party's es to the Unifica on Church and its response to the
coronavirus pandemic, according to a public opinion poll – Reuters.
• Argen na's government on Sunday appointed a well-known economist and vocal cri c of the policies of former President and current Vice President Cris na Fernandez de Kirchner
to effec vely be the second in command of the key economy ministry – Reuters.
• The leaders of the United States, Britain, France and Germany discussed efforts to revive the 2015 Iran nuclear deal, the White House said on Sunday in a statement largely focused
on Ukraine – Reuters.
Key Economic Indicators Ahead:
• (1230 GMT/1800 IST) Canada New Housing Price Index, previous 0.2, expected 0.3.
Economic Events Ahead:
• (1000 GMT/1530 IST) German Buba Monthly Report.
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 108.13 points.

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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
0.6928
R2 S2
0.6950
R3 S3
0.6976
R4
Commentary
S4
0.7002
Buy Above 0.6922
0.6950
0.6898
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6872
0.6837
0.6899
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie recovers slightly in early Asia and hovers around $0.6900 mark ahead of
Australia’s Flash PMI data due tomorrow. Today pair made intraday high at $0.6906 and low at
$0.6867 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A
sustained close above $0.6928 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $0.6862 will check further supports.
0.6862
0.6840
0.6812
0.6782
AUGUST,
2022

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BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0067
R2 S2
1.0090
R3 S3
1.0122
R4
Commentary
S4
1.0150
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-
Time Frame: H1
EUR/USD: The euro trades almost flat on Monday and stabilizes around $1.0041 mark. Today the
pair made intraday high at $1.0046 and low at $1.0023 mark. Today triple EMAon a day chart and H1
chart suggest bearish trend for the time being.Aconsistent close above $1.0067 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.0021 on H1 chart will check further
supports.
EUR / USD
1.0021
0.9998
0.9962
0.9940
Buy Above 1.0067
1.0099
1.0040
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0021
0.9990
1.0050
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2022

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BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.1850
R2 S2
1.1872
R3 S3
1.1899
R4
Commentary
S4
1.1926
Buy Above 1.1850
1.1882
1.1815
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1802
1.1772
1.1830
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
GBP/USD: The sterling took a halt around $1.1790 mark and currently stabilizes around $1.1830
mark. Today pair made intraday high at $1.1836 and low at $1.1805 mark. A day chart and H1 chart
with triple EMA suggest bearish trend for the time being. A sustained close above $1.1850 on H1
chart will check key resistances. Alternatively, a consistent close below $1.1802 will check further
supports.
USD
1.1802
1.1778
1.1740
1.1712
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2022

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BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26 Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.3005
R2 S2
1.3022
R3 S3
1.3055
R4
Commentary
S4
1.3072
Buy Above 1.3005
1.3031
1.2982
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2972
1.2938
1.3000
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD enjoys roller coaster movement ahead of New Housing Price Index data and
currently hovers around 1.3000 mark. Today the pair made intraday high at 1.3005 and low at 1.2982
mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A
sustained close above 1.3005 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 1.2975 on H1 chart will check key supports too.
USD /CAD
1.2975
1.2930
1.2912
1.2900
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
137.55
R2 S2
137.87
R3 S3
138.12
R4
Commentary
S4
138.38
Buy Above 137.40
137.72
137.05
– Take Profit
– Stop Loss
Trade Idea
Sell Below 136.90
136.57
137.22
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
USD/JPY: The Japanese yen starts a new week on a lower note and stabilizes back above 137.00
mark. The pair made intraday high at 137.43 and low at 136.82 mark. The triple EMA on a day chart
and H1 chart suggest up trend for the time being. A sustained close above 137.40 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 136.80 on H1 chart will check
further key supports.
USD /JPY
136.80
136.52
136.18
135.98
AUGUST,
2022

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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
1752
R2 S2
1758
R3 S3
1762
R4
Commentary
S4
1767
Buy Above 1750
1756
1744
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1742
1736
1749
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades slightly lower on Monday and remains well supported below $1,750
mark. Today the pair made intraday high at $1,749 and low at $1,744 mark. Today a day chart and H1
chart with triple EMA suggest bearish trend for the time being. A sustained close above $1,752 on H1
chart requires for the upside rally. Alternatively, a consistent close below $1,742 on H1 chart will test
further supports. U.S. Economic Calendar will remain empty for the day.
XAU [GOLD]
USD
/
1742
1737
1732
1726
AUGUST,
2022

9.
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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