DAILY ANALYSIS REPORT JULY 14 2022

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14 July 2022
Daily Analysis Report

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Asian Bulle n: Aussie strengthens in early Asian a er higher than expected Employment Change Results, Asian stock markets in green, gold hovers around $1,730 mark
Key Headlines:
• U.K. RICS House Price balance stands at 65 pct vs 72 pct previous release.
• Australia MI infla on expecta ons stand at 6.3 pct vs 6.7 pct previous release.
• Australia Employment Change stands at 88.4K vs 60.6K previous release.
• Australia Unemployment rate stands at 3.5 pct vs 3.9 pct previous release.
• Germany's financial sector is facing an uncertain future amid the energy dispute with Russia, the head of the country's financial regulator BaFin said in a newspaper interview
published on Wednesday – Reuters.
• The European Union's body for dismantling failed banks said on Wednesday it would ratchet up pressure on lenders over the coming months to bolster their defences so that none
remain "too big to fail" by January 2024 – Reuters.
• Vermont's Department of Financial Regula on (DFR) on Tuesday said it believes cryptocurrency lender Celsius Network is "deeply insolvent" and does not have the assets and
liquidity to honor its obliga ons to customers and other creditors – Reuters.
• The U.S. Treasury on Tuesday said it was seeking comment on the on the risks and opportuni es posed by digital assets as it seeks to prepare a report for President Joe Biden on the
implica ons of developments such as cryptocurrencies – Reuters.
• U.S. stock index futures edged higher on Wednesday as investors braced for infla on data to gauge the pace of interest rate hikes by the U.S. Federal Reserve and the impact of rising
prices on the health of the economy – Reuters.
• The U.S. securi es regulator is expected on Wednesday to rescind rules introduced under former U.S. President Donald Trump that cri cs said impeded the independence of firms
that advise investors on how to vote in corporate elec ons – Reuters.
• The U.S. Food and Drug Administra on authorized the use of Novavax Inc's COVID-19 vaccine on Wednesday, clearing the way for a shot whose more tradi onal technology has
raised hopes of wider acceptance among vaccine skep cs – Reuters.
• U.S. President Joe Biden will seek to reduce direct contact, such as shaking hands, during his visits to Israel and Saudi Arabia this week as part of enhanced COVID-19 precau ons,
White House officials said – Reuters.
• Ontario, Canada's most populous province, said on Wednesday that it would offer a second COVID-19 vaccine booster dose to everyone aged 18 and older from Thursday – Reuters.
• The Pan American Health Organiza on (PAHO) on Wednesday warned of the growing number of COVID-19 cases caused by the highly infec ous BA.4 and BA.5 Omicron subvariants
of the coronavirus even as overall cases dipped in the Americas – Reuters.
Key Economic Indicators Ahead
• (0600 GMT/1130 IST) German WPI, previous 1.0, expected 0.9.
• (0630 GMT/1200 IST) Swiss PPI, previous 0.9, expected 0.9.
• (1230 GMT/1800 IST) Canada Manufacturing Sales, previous 1.7, expected -2.5.
• (1230 GMT/1800 IST) U.S. PPI, previous 0.8, expected 0.8.
• (1230GMT/1800 IST) U.S. Core PPI, previous 0.5, expected 0.5.
• (1230 GMT/1800 IST) U.S. Unemployment Claims Weekly, previous 235K, expected 235K.
Economic Events Ahead:
• (0830 GMT/1400 IST) BoE Credit Condi on Survey.
• (1500 GMT/2030 IST) U.S. FOMC member Waller Speaks.
• Tenta ve – EU Economic Forecasts.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.25 pct to 108.23 points.

3. 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
0.6796
R2 S2
0.6818
R3 S3
0.6840
R4
Commentary
S4
0.6865
Buy Above 0.6790
0.6822
0.6765
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6755
0.6722
0.6782
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie rises gradually against U.S. dollar and remains well supported above $0.6750
mark. Today pair made intraday high at $0.6785 and low at $0.6730 mark.Aday chart is down and H1
chart with triple EMA suggests up trend for the time being. A sustained close above $0.6796 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.6730 will check further
supports.
0.6730
0.6712
0.6684
0.6665
JULY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0062
R2 S2
1.0097
R3 S3
1.0122
R4
Commentary
S4
1.0150
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-
Time Frame: H1
EUR/USD: The euro remained highly volatile in previous session but failed to find support below
$1.0000 mark. Today the pair made intraday high at $1.0058 and low at $1.0013 mark. Today triple
EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above
$1.0062 on H1 chart requires for the upside rally. Alternatively, a sustained close below $0.9990 on
H1 chart will check further supports.
EUR / USD
0.9990
0.9965
0.9947
0.9920
Buy Above 1.0052
1.0082
1.0022
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.9990
0.9950
1.0022
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JULY,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.1894
R2 S2
1.1926
R3 S3
1.1954
R4
Commentary
S4
1.1978
Buy Above 1.1899
1.1940
1.1865
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1841
1.1801
1.1872
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling trades almost flat on Thursday and hovers around $1.1860 mark. Today pair
made intraday high at $1.1892 and low at $1.1846 mark. A day chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $1.1894 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.1855 will check further supports.
USD
1.1855
1.1821
1.1802
1.1768
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JULY,
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
1.3001
R2 S2
1.3030
R3 S3
1.3055
R4
Commentary
S4
1.3076
Buy Above 1.3001
1.3030
1.2976
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2960
1.2930
1.2989
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD strengthened sharply in previous session as Bank of Canada rose policy rate by
100 basis point to 2.50 pct. Today the pair made intraday high at 1.3006 and low at 1.2963 mark.
Today a day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A
sustained close above 1.3001 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 1.2948 on H1 chart will check key supports too. Canada’s Manufacturing Sales data will
remain in focus.
USD /CAD
1.2948
1.2922
1.2901
1.2878
JULY,
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
138.15
R2 S2
138.40
R3 S3
138.76
R4
Commentary
S4
138.99
Buy Above 138.15
138.54
137.81
– Take Profit
– Stop Loss
Trade Idea
Sell Below 137.51
137.21
137.91
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen falls sharply on Thursday and jumps back above 138.00 mark in Asian
hours. The pair made intraday high at 138.12 and low at 137.58 mark. The triple EMA on a day chart
and H1 chart suggest up trend for the time being. A sustained close above 138.15 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 137.50 on H1 chart will check
further key supports.
USD /JPY
137.50
137.12
136.82
136.65
JULY,
2022

8. 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
1732
R2 S2
1737
R3 S3
1742
R4
Commentary
S4
1748
Buy Above 1736
1742
1730
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1722
1714
1730
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold faced extreme volatility after strong U.S. Inflation data reading and touched
$1,704 mark. Today the pair made intraday high at $1,736 and low at $1,725 mark.Aday chart and H1
chart with triple EMA suggest bearish trend for the time being. A sustained close above $1,732 on H1
chart requires for the upside rally. Alternatively, a consistent close below $1,721 on H1 chart will test
further supports. U.S. PPI, Core PPI and unemployment claims weekly data will remain in focus.
XAU [GOLD]
USD
/
1721
1715
1708
1702
JULY,
2022

9. Thank
you!
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