DAILY ANALYSIS REPORT JULY 20 2022

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20 July 2022
Daily Analysis Report

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Asian Bulle n: Euro recovers sharply from previous losses ahead of ECB’s Interest Rate Decision due tomorrow, Asian stock markets in green, gold consolidates around $1,710 mark
Key Headlines:
• Australia MI Leading Index stands at -0.2 pct vs -0.1 pct previous release.
• Brazilian planemaker Embraer SA said on Tuesday it has signed two memorandums of understanding with BAE Systems PLC to expand their footprint in the global defense market,
according to a statement – Reuters.
• The EU is set to add Russia's top lender Sberbank and the head of giant zinc and copper firm UMMC to its list of individuals and companies banned for suppor ng Moscow's invasion
of Ukraine – Reuters.
• U.S. stock index futures rose on Tuesday as Apple shares edged higher a er sharply dropping in the previous session, while investors focused on another round of earnings to gauge
the strength of corporate America – Reuters.
• Expecta ons of global growth and corporate profits have plunged to a record low, according to a monthly BofA fund manager survey with cash levels rising to their highest in more
than two decades as investors cut their exposure to risky assets – Reuters.
• Boos ng women's par cipa on in the workforce and giving them more leadership opportuni es would boost the economic poten al of South Korea and the United States, U.S.
Treasury Secretary Janet Yellen told a group of women entrepreneurs in Seoul – Reuters.
• Morgan Stanley cut its forecast for India's annual growth to 7.2% for this year, as ghter financial condi ons and a slowdown in global trade have pressured major economies around
the world – Reuters.
• Cryptocurrency lender Celsius Network said bitcoin mining is key to the company's restructuring efforts at a U.S. bankruptcy court hearing on Monday in Manha an – Reuters.
• Vaccine maker Novavax on Tuesday said that the U.S. Food and Drug Administra on had cleared a lot of its COVID vaccine for release in the United States, and it plans to ship doses
to be distributed by the U.S. government in the coming days – Reuters.
• The European Commission has signed a joint procurement contract for an an viral treatment for pa ents with COVID-19 with Gilead Sciences Inc , it said on Tuesday – Reuters.
• Portugal has reported more than 1,000 deaths due to the current heat wave, with the health chief warning on Tuesday that the country must gear up to cope with the effects of
climate change as temperatures con nue to rise – Reuters.
• European na ons must accelerate vaccine uptake and bring back mask wearing to tackle a surge in COVID-19 cases driven by an Omicron offshoot and avoid stricter measures later
in the year, a senior World Health Organiza on official said on Tuesday – Reuters.
Key Economic Indicators Ahead
• (0600 GMT/1130 IST) German PPI, previous 1.6, expected 1.6.
• (0600 GMT/1130 IST) U.K. CPI, previous 9.1, expected 9.3.
• (0600 GMT/1130 IST) U.K. Core CPI, previous 5.9, expected 5.8.
• (0800 GMT/1330 IST) U.K. Current Account, previous -5.8B, expected 4.5B.
• (0830 GMT/1400 IST) U.K. HPI, previous 12.4, expected 11.9.
• (1230 GMT/1800 IST) Canada CPI, previous 1.4, expected 0.9.
• (1230GMT/1800 IST) Canada Core CPI, previous 5.4, expected 5.6.
• (1400 GMT/1930 IST) U.S. Exis ng Home Sales, previous 5.41M, expected 5.37M.
Economic Events Ahead:
• No key events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.13 pct to 106.54 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
0.6930
R2 S2
0.6957
R3 S3
0.6976
R4
Commentary
S4
0.7002
Buy Above 0.6930
0.6962
0.6899
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6891
0.6860
0.6920
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie spikes up sharply on Wednesday and hits highest level since June 29, 2022.
Today pair made intraday high at $0.6920 and low at $0.6892 mark.Aday chart is down and H1 chart
with triple EMA suggests up trend for the time being. A sustained close above $0.6930 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.6882 will check further
supports.
0.6882
0.6855
0.6822
0.6800
JULY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0265
R2 S2
1.0290
R3 S3
1.0315
R4
Commentary
S4
1.0350
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-
Time Frame: H1
EUR/USD: The euro strengthened sharply in previous session as Euro Zone released CPI data with
flat numbers. Today the pair made intraday high at $1.0248 and low at $1.0223 mark. Today triple
EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close
above $1.0265 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.0212 on H1 chart will check further supports. Euro Zone’s economic calendar will remain light for
the day.
EUR / USD
1.0212
1.0184
1.0150
1.0122
Buy Above 1.0262
1.0290
1.0227
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0215
1.0180
1.0254
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JULY,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2050
R2 S2
1.2076
R3 S3
1.2094
R4
Commentary
S4
1.2126
Buy Above 1.2050
1.2084
1.2021
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2000
1.1972
1.2030
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling appreciates ahead of U.K.’s CPI data and hovers around $1.2030 mark.
Today pair made intraday high at $1.2037 and low at $1.1985 mark.Aday chart is down and H1 chart
with triple EMA suggests up trend for the time being. A sustained close above $1.2050 on H1 chart
will check key resistances. Alternatively, a consistent close below $1.2000 will check further
supports.
USD
1.2000
1.1972
1.1948
1.1921
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 Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26 Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2880
R2 S2
1.2915
R3 S3
1.2955
R4
Commentary
S4
1.2976
Buy Above 1.2880
1.2915
1.2858
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2840
1.2802
1.2872
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD strengthened extremely in previous session and hit highest level since July 05,
2022. Today the pair made intraday high at 1.2876 and low at 1.2855 mark. Today a day chart is up
and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above
1.2880 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2850 on H1
chart will check key supports too. Canada’s CPI data will remain in focus.
USD /CAD
1.2850
1.2821
1.2800
1.2781
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
138.22
R2 S2
138.50
R3 S3
138.62
R4
Commentary
S4
138.90
Buy Above 138.30
138.62
138.02
– Take Profit
– Stop Loss
Trade Idea
Sell Below 137.91
137.51
138.26
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen remains almost unchanged on Wednesday and hovers around 138.00
mark. The pair made intraday high at 138.37 and low at 137.91 mark. The triple EMA on a day chart
and H1 chart suggest up trend for the time being. A sustained close above 138.22 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 137.87 on H1 chart will check
further key supports.
USD /JPY
137.87
137.65
137.48
137.15
JULY,
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
1718
R2 S2
1722
R3 S3
1728
R4
Commentary
S4
1732
Buy Above 1718
1725
1711
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1708
1701
1715
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold moves in rigid boundaries and consolidates around $1,710 mark. Today the
pair made intraday high at $1,713 and low at $1,709 mark. A day chart and H1 chart with triple EMA
suggest bearish trend for the time being.Asustained close above $1,718 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,708 on H1 chart will test further supports. Later
today U.S. existing home sales data will provide further directions to the parity.
XAU [GOLD]
USD
/
1708
1702
1696
1691
JULY,
2022

9. Thank
you!
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