DAILY ANALYSIS REPORT AUGUST 31 2022

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31 August 2022
Daily Analysis Report

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Asian Bulle n: Japanese yen remains almost unchanged despite robust key economic data, Asian stock markets mixed, gold hovers around $1,720 mark
Key Headlines:
• New Zealand Building Consents stand at 5.0 pct vs -2.2 pct previous release.
• New Zealand ANZ Business Confidence stands at -47.8 vs -56.7 previous release.
• China Manufacturing PMI stands at 49.4 vs 49.0 previous release.
• China Non Manufacturing PMI stands at 52.6 vs 53.8 previous release.
• U.K. BRC Shop Price Index stands at 5.1 pct vs 4.4 pct previous release.
• Japan Prelim Industrial Produc on stands at 1.0 pct vs 9.2 pct previous release.
• Japan Retail Sales stands at 2.4 pct vs 1.5 pct previous release.
• China's three biggest airlines posted on Tuesday a combined 28.4 billion yuan ($4.12 billion) second-quarter loss, wider than in the first quarter, due to major travel disrup ons
including a strict COVID-related lockdown in Shanghai – Reuters.
• Hungary central bank said on Tuesday that it would con nue its cycle of interest rate hikes with infla on risks on the rise – Reuters.
• Gulf banks with exposure to Turkey are expected to make further net monetary losses on their investments in the second half of this year and into 2023, ra ngs agency Fitch said on
Tuesday – Reuters.
• Hungary's central bank raised its base interest rate by 100 basis points to 11.75% on Tuesday to fight infla on which is seen peaking near 20% later this year, with upside infla on
risks s ll on the rise – Reuters.
• Hungarian central bank Deputy Governor Barnabas Virag will hold an online news conference a er Tuesday's policy mee ng from 1300 GMT, the Na onal Bank of Hungary (NBH)
said – Reuters.
• India's Axis Bank is in talks to acquire a stake in Go Digit Life Insurance, two sources with direct knowledge of the ma er told Reuters, as the country's third biggest private lender
seeks to tap a fast-growing insurance market – Reuters.
• Qatar's central bank has issued its first license for digital payments services to iPay by Vodafone Qatar and Ooredoo Money, it said in a tweet on Tuesday – Reuters.
• The Interna onal Monetary Fund's (IMF) execu ve board approved a flexible credit line of around $18.5 billion for Chile to give the world's leading copper miner greater flexibility to
confront risks from commodi es price shocks to financial ghtening – Reuters.
• Hungary must take ac on on changing its rule of law before it can receive any European Union recovery funds, the EU affairs chief of the Czech government, which holds the bloc's
rota ng presidency, said in an interview on Tuesday – Reuters.
• The United Na ons-backed COVAX vaccine program will send 10 million doses of Pfizer /BioNTech COVID-19 shots for children to Mexico by the end of September, a senior Mexican
official announced Tuesday – Reuters.
• It is possible to eliminate the monkeypox outbreak in Europe, World Health Organiza on officials said on Tuesday, highligh ng evidence that case counts are slowing in a handful of
countries – Reuters.
• Japan's health ministry said on Monday that its panel of experts had agreed to approve manufacturing and sales of AstraZeneca's COVID-19 preven ve treatment Evusheld –
Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) German Import Price, previous 1.0, expected 1.6.
• (0645 GMT/1215 IST) France Consumer Spending, previous 0.2, expected -0.3.
• (0645 GMT/1215 IST) France Prelim CPI, previous 0.3, expected 0.6.
• (0645 GMT/1215 IST) France Prelim GDP, previous 0.5, expected 0.5.
• (0755 GMT/1325 IST) German Unemployment Change, previous 48K, expected 28K.
• (0900 GMT/1430 IST) Euro CPI Flash Es mates, previous 8.9, expected 9.0.
• (0900 GMT/1430 IST) Euro CPI Core Flash Es mate, previous 4.0, expected 4.1.
• (1215 GMT/1745 IST) U.S. ADP Non Farm Employment Change, previous 128K, expected 300K.
• (1230 GMT/1800 IST) Canada GDP, previous 0.00, expected 0.1.
• (1345 GMT/1915 IST) U.S. Chicago PMI, previous 52.1, expected 52.5.
Economic Events Ahead:
• (12300 GMT/1730 IST) U.S. FOMC Member Mester Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.08 pct to 108.69 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
0.6890
R2 S2
0.6912
R3 S3
0.6930
R4
Commentary
S4
0.6958
Buy Above 0.6892
0.6922
0.6870
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6850
0.6821
0.6876
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie weakened sharply in previous session but recovers noticeably on Wednesday
and trading around $0.6880 mark. Today pair made intraday high at $0.6880 and low at $0.6849
mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained
close above $0.6890 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.6850 will check further supports.
0.6850
0.6822
0.6801
0.6778
AUGUST,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0062
R2 S2
1.0090
R3 S3
1.0122
R4
Commentary
S4
1.0150
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-
Time Frame: H1
EUR/USD:The euro rises gradually against U.S. dollar and jumps back above $1.0000 mark ahead of
Euro Zone’s CPI/Core CPI Flash estimates data. Today the pair made intraday high at $1.0041 and
low at $1.0011 mark. Today triple EMA on a day chart is down and H1 chart suggests bullish trend for
the time being. A consistent close above $1.0062 on H1 chart requires for the upside rally.
Alternatively, a sustained close below $1.0020 on H1 chart will check further supports.
EUR / USD
1.0020
0.9982
0.9965
0.9940
Buy Above 1.0052
1.0089
1.0020
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0010
0.9981
1.0038
– 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
1.1698
R2 S2
1.1722
R3 S3
1.1750
R4
Commentary
S4
1.1778
Buy Above 1.1702
1.1738
1.1672
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1660
1.1628
1.1698
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling trades marginally higher on Wednesday and hovers around $1.1690 mark.
U.K.’s Economic Calendar will remain light for the day. Today pair made intraday high at $1.1691 and
low at $1.1645 mark.Aday chart and H1 chart with triple EMAsuggest down trend for the time being.
A sustained close above $1.1699 on H1 chart will check key resistances. Alternatively, a consistent
close below $1.1662 will check further supports.
USD
1.1662
1.1630
1.1605
1.1585
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2022

6. 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
1.3099
R2 S2
1.3122
R3 S3
1.3150
R4
Commentary
S4
1.3178
Buy Above 1.3091
1.3122
1.3058
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3055
1.3018
1.3090
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD starts a new day on a higher note ahead of Canada’s GDP data and remains well
supported below $1.3100 mark. Today the pair made intraday high at 1.3096 and low at 1.3066 mark.
Today a day chart and H1 chart with triple EMAsuggest up trend for the time being.Asustained close
above 1.3094 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.3050
on H1 chart will check key supports too.
USD /CAD
1.3050
1.3021
1.3001
1.2965
AUGUST,
2022

7. 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
138.90
R2 S2
139.18
R3 S3
139.40
R4
Commentary
S4
139.67
Buy Above 138.72
138.99
138.47
– Take Profit
– Stop Loss
Trade Idea
Sell Below 138.38
138.10
138.62
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades almost flat on Wednesday despite robust Industrial production
and Retail Sales data. The pair made intraday high at 138.84 and low at 138.41 mark. The triple EMA
on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 138.90
on H1 chart requires for the upside rally.Alternatively, a consistent close below 138.40 on H1 chart will
check further key supports.
USD /JPY
138.20
137.90
137.55
137.21
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
1728
R2 S2
1732
R3 S3
1738
R4
Commentary
S4
1744
Buy Above 1730
1737
1726
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1718
1711
1724
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold moves in rigid boundaries ahead of U.S. ADP Employment Change Data
and consolidates around $1,722 mark. Today the pair made intraday high at $1,726 and low at $1,720
mark. Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A
sustained close above $1,728 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,721 on H1 chart will test further supports.
XAU [GOLD]
USD
/
1718
1711
1706
1701
AUGUST,
2022

9. Thank
you!
Info@tpglobalfx.com
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