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07 July 2022
Daily Analysis Report

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Asian Bulle n: U.S. dollar depreciates slightly against major peers during Asian hours, Asian stock markets in green; gold stabilizes above $1,740 mark
Key Headlines:
• U.S. stock index futures edged lower on Wednesday as investors worried about the possibility of a recession from aggressive policy ghtening awaited minutes from the Federal
Reserve's mee ng last month - Reuters.
• Mexican used-car pla orm Kavak is inves ng $180 million to open offices and make its pla orm available in four new countries, including Turkey - its first loca on outside La n
America, the company said Wednesday – Reuters.
• Russian online bank Tinkoff on Wednesday said it was suspending outgoing SWIFT transfers in foreign currencies un l Oct. 1 a er admi ng it had struggled with such transac ons
due to restric ons on Russia's banks – Reuters.
• The European Union plans to become the top investor in the world's tallest dam in Tajikistan, EU officials told Reuters, in a move aimed at helping Central Asia cut its reliance on
Russian energy and part of EU's answer to China's Belt and Road Ini a ve – Reuters.
• China's crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies
amid sanc ons on Moscow over its invasion of Ukraine – Reuters.
• Britain is likely to see li le or no economic growth in the next year or so as surging infla on erodes households' spending power, Bank of England chief economist Huw Pill said on
Wednesday – Reuters.
• The Belarus central bank said on Wednesday it will suspend weekly liquidity opera ons for banks from July 6 in order to s mulate redistribu on of resources on the financial market
– Reuters.
• Bank of England Deputy Governor Jon Cunliffe said the Bri sh central bank will do "whatever is necessary" to prevent the recent surge in infla on from becoming embedded in the
economy – Reuters.
• The U.S. Food and Drug Administra on said on Wednesday it authorized state-licensed pharmacists to prescribe Pfizer Inc's COVID-19 pill Paxlovid to eligible pa ents, in a bid to
improve access to the treatment – Reuters.
• World hunger levels rose again last year a er soaring in 2020 due to the COVID-19 pandemic, with the Ukraine war and climate change threatening starva on and mass migra on on
an "unprecedented scale" this year, according to U.N. agencies – Reuters.
• More than 6,000 cases of monkeypox have now been reported from 58 countries in the current outbreak, the World Health Organiza on said – Reuters.
• IMF Chief Says 'Cannot Rule Out' Possible Global Recession – Reuters.
• IMF's Georgieva – IMF will downgrade previous forecast for 3.6% growth in global economy in 2022 and 2023.
• IMF’s Georgieva - Global economic outlook has 'darkened significantly' since last economic update in April.
Key Economic Indicators Ahead
• (0600 GMT/1130 IST) German Industrial Produc on, previous 0.7, expected 0.3.
• (0600 GMT/1130 IST) U.K. Halifax HPI, previous 1.0, expected 0.7.
• (1230 GMT/1800 IST) U.S. Trade Balance, previous -87.1B, expected -85.0B.
• (1230 GMT/1800 IST) U.S. Unemployment Claims Weekly, previous 231K, expected 230K.
• (1400 GMT/1930 IST) Canada Ivey PMI, previous 74.0, expected 74.0.
Economic Events Ahead:
• Tenta ve – EU Economic Forecasts.
• Tenta ve – U.S. ADP Job Results.
• (1130 GMT/1700 IST) EU Economic Monetary Policy Mee ng Accounts.
• (1700 GMT/2230 IST) U.S. FOMC Member Bullard, Waller Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.21 pct to 106.87 points.

AUD / USD
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
0.6832
R2 S2
0.6850
R3 S3
0.6874
R4
Commentary
S4
0.6899
Buy Above 0.6832
0.6860
0.6804
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6796
0.6761
0.6824
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie starts a new day on a positive note and jumps back above $0.6800 mark.
Today pair made intraday high at $0.6820 and low at $0.6764 mark. A day chart and H1 chart with
triple EMA suggest down trend for the time being. A sustained close above $0.6832 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.6762 will check further
supports.
0.6762
0.6748
0.6715
0.6701
JULY,
2022

BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0224
R2 S2
1.0250
R3 S3
1.0272
R4
Commentary
S4
1.0298
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-
Time Frame: H1
EUR/USD: The euro spiked down extremely in previous session and fell below $1.0200 mark. Today
the pair made intraday high at $1.0209 and low at $1.0176 mark. Today triple EMAon a day chart and
H1 chart suggest bearish trend for the time being. A consistent close above $1.0224 on H1 chart
requires for the upside rally. Alternatively, a sustained close below $1.0170 on H1 chart will check
further supports. Traders eye EU Economic Forecasts and ECB Monetary Policy Meeting Account
results for the further directions.
EUR / USD
1.0172
1.0137
1.0115
1.0091
Buy Above 1.0225
1.0260
1.0190
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0170
1.0130
1.0205
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JULY,
2022

BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.1970
R2 S2
1.2000
R3 S3
1.2022
R4
Commentary
S4
1.2040
Buy Above 1.1970
1.1999
1.1930
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1908
1.1878
1.1941
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling trades marginally higher on Thursday and hovers around $1.1950 mark. Pair
hit lowest level since March 2020 in previous session. Today pair made intraday high at $1.1953 and
low at $1.1908 mark.Aday chart and H1 chart with triple EMAsuggest down trend for the time being.
A sustained close above $1.1970 on H1 chart will check key resistances. Alternatively, a consistent
close below $1.1915 will check further supports.
USD
1.1915
1.1901
1.1875
1.1850
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JULY,
2022

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
1.3055
R2 S2
1.3072
R3 S3
1.3090
R4
Commentary
S4
1.3115
Buy Above 1.3050
1.3080
1.3022
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3002
1.2971
1.3030
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD moves in rigid boundaries ahead of Canada’s Ivey PMI data and stabilizes
above $1.3000 mark. Today the pair made intraday high at 1.3055 and low at 1.3011 mark. Today a
day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close
above 1.3075 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.3002
on H1 chart will check key supports too.
USD /CAD
1.3002
1.2976
1.2950
1.2921
JULY,
2022

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
136.12
R2 S2
136.30
R3 S3
136.62
R4
Commentary
S4
136.90
Buy Above 136.00
136.30
135.78
– Take Profit
– Stop Loss
Trade Idea
Sell Below 135.55
135.12
135.82
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen enjoys roller coaster movement and remains well supported above
135.50 mark. The pair made intraday high at 136.06 and low at 135.55 mark. The triple EMAon a day
chart and H1 chart suggest up trend for the time being. A sustained close above 136.02 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 135.40 on H1 chart will check
further key supports.
USD /JPY
135.40
135.10
134.80
134.52
JULY,
2022

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
1752
R2 S2
1758
R3 S3
1764
R4
Commentary
S4
1770
Buy Above 1748
1754
1741
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1730
1721
1737
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold recovers slightly from previous losses and stabilizes back above $1,740
mark. Today the pair made intraday high at $1,747 and low at $1,736 mark. A day chart and H1 chart
with triple EMA suggest down trend for the time being. A sustained close above $1,752 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,732 on H1 chart will test further
supports. Later today U.S. ISM Services PMI and FOMC Meeting Minute data will remain in focus.
Later today U.S. Trade Balance as well asADP Job data (Tentative) may give further directions to the
parity.
XAU [GOLD]
USD
/
1732
1726
1720
1714
JULY,
2022

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you!
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