The document is a daily analysis report from TP Global FX that provides: 1) An overview of recent economic indicator releases from countries like Australia, Japan, and the UK as well as stock market performance. 2) Technical analysis on several currency pairs including expected price movement and trade ideas. 3) A look ahead at upcoming major economic data releases that could impact currencies.

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22 July 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Japanese yen falls in early Asia as Flash Manufacturing PMI data misses expecta ons, Asian stock markets mixed, gold stabilizes above $1,710 mark
Key Headlines:
• Australia Flash manufacturing PMI stands at 55.7 vs 56.2 previous release.
• Australia Flash Services PMI stands at 50.4 vs 52.6 previous release.
• U.K. GFK Consumer Confidence remains unchanged at -41.
• Japan Na onal Core CPI stands at 2.2 pct vs 2.1 pct previous release.
• Japan Flash Manufacturing PMI stands at 52.2 vs 52.7 previous release.
• The euro wilted on Thursday as the European Central Bank geared up for its first rate rise in over a decade and as poli cal tumult in Italy offset relief following the restart of Russian
gas flows through the region's largest pipeline – Reuters.
• Nasdaq futures eked out gains on Thursday as electric automaker Tesla topped Wall Street's profit target, while futures tracking the S&P 500 and the Dow struggled for direc on
ahead of more earnings reports – Reuters.
• Economic advisers to Brazil's leading presiden al candidate are dra ing plans for a more aggressive foreign exchange policy, including more market interven ons and ghter
regula on of deriva ves to curb vola lity – Reuters.
• Credit Suisse has been banned from disposing of shares in its Russian unit under a Moscow court which also ordered the seizure of 10 million euros from the Swiss bank a er it
failed to repay a loan to a sanc oned bank – Reuters.
• Ci group expects annual growth in its corporate banking business in India to accelerate to 10% in the next few years as it focuses on its ins tu onal business a er recently selling its
consumer banking business, a top execu ve said – Reuters.
• The Bank of England set out proposals on Thursday for minimum reliability standards for companies like Microso , Google and Amazon which supply key services to banks and
markets – Reuters.
• Hungary's central bank kept its one-week deposit rate unchanged at 9.75% at a weekly tender on Thursday – Reuters.
• U.S. President Joe Biden's risk of serious illness is drama cally lowered since he is double boosted and vaccinated, White House COVID-19 response chief Ashish Jha said on Thursday
– Reuters.
• A case of polio has been iden fied outside New York City and confirmed by federal health officials, the New York State Health Department said on Thursday in what would be the
na on's first known case of the disease in at least 30 years – Reuters.
Key Economic Indicators Ahead
• (0600 GMT/1130 IST) U.K. Retail Sales, previous -0.5, expected -0.2.
• (0715 GMT/1245 IST) France Flash Services PMI, previous 53.9, expected 52.6.
• (0715 GMT/1245 IST) France Flash Manufacturing PMI, previous 51.4, expected 51.1.
• (0730 GMT/1300 IST) German Flash Manufacturing PMI, previous 52.0, expected 50.6.
• (0730 GMT/1300 IST) German Flash Services PMI, previous 52.4, expected 51.4.
• (0800 GMT/1330 IST) Euro Flash Manufacturing PMI, previous 52.1, expected 51.0.
• (0800 GMT/1330 IST) Euro Flash Services PMI, previous 53.0, expected 52.0.
• (0830 GMT/1400 IST) U.K. Flash manufacturing PMI, previous 52.8, expected 52.1.
• (0830 GMT/1400 IST) U.K. Flash Services PMI, previous 54.3, expected 52.9.
• (1230 GMT/1800 IST) Canada Retail Sales, previous 0.9, expected 1.6.
• (1230 GMT/1800 IST) Canada Core Retail Sales, previous 1.3, expected 1.8.
• (1345 GMT/1915 SIT) U.S. Flash Services PMI, previous 52.7, expected 52.6.
• (1345 GMT/1915 SIT) U.S. Flash Manufacturing PMI, previous 52.7, expected 52.0.
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 up 0.03 pct to 106.94 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
0.6930
R2 S2
0.6957
R3 S3
0.6976
R4
Commentary
S4
0.7002
Buy Above 0.6930
0.6957
0.6908
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6899
0.6872
0.6924
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie starts a new day on a lower note as Australia release Flash Manufacturing &
Services PMI data with negative numbers. Today pair made intraday high at $0.6937 and low at
$0.6904 mark.Aday chart is down and H1 chart with triple EMAsuggests 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 $0.6896 will check further supports.
0.6896
0.6872
0.6855
0.6820
JULY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0230
R2 S2
1.0265
R3 S3
1.0290
R4
Commentary
S4
1.0315
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-
Time Frame: H1
EUR/USD: The euro remained extremely volatile in previous session as ECB rose key interest rate by
50 bps to 0.50 pct. Today the pair made intraday high at $1.0230 and low at $1.0184 mark. Today triple
EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above
$1.0230 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0180 on
H1 chart will check further supports.
EUR / USD
1.0180
1.0155
1.0118
1.0096
Buy Above 1.0215
1.0248
1.0180
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0178
1.0140
1.0211
– 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
1.2005
R2 S2
1.2030
R3 S3
1.2055
R4
Commentary
S4
1.2076
Buy Above 1.1990
1.2021
1.1965
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1950
1.1915
1.1978
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling exhibits range bound movement and consolidates around $1.197 mark
ahead of U.K.’s Flash PMI data. Today pair made intraday high at $1.2003 and low at $1.1958 mark.
A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained
close above $1.1990 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.1952 will check further supports.
USD
1.1952
1.1926
1.1901
1.1878
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
1.2904
R2 S2
1.2930
R3 S3
1.2955
R4
Commentary
S4
1.2976
Buy Above 1.2899
1.2930
1.2872
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2880
1.2855
1.2915
– 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 Canada’s Retail Sales data. Today the
pair made intraday high at 1.2893 and low at 1.2865 mark. Today a day chart is up and H1 chart with
triple EMA suggests bearish trend for the time being. A sustained close above 1.2899 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2858 on H1 chart will check key
supports too. Canada’s Retail & Core Retail Sales data will remain in focus.
USD /CAD
1.2858
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
137.82
R2 S2
138.15
R3 S3
138.40
R4
Commentary
S4
138.68
Buy Above 137.82
138.20
137.50
– Take Profit
– Stop Loss
Trade Idea
Sell Below 137.30
137.00
137.55
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Friday as Japan’s Flash Manufacturing PMI
data misses expectations and currently remains well supported above 137.00 mark . The pair made
intraday high at 137.74 and low at 137.02 mark. The triple EMA on a day chart is up and H1 chart
suggests down trend for the time being. A sustained close above 137.82 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 137.12 on H1 chart will check further key supports.
USD /JPY
137.00
136.78
136.55
136.30
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
1722
R2 S2
1728
R3 S3
1732
R4
Commentary
S4
1738
Buy Above 1718
1724
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 strengthened sharply in previous session as U.S. released key economic
data with negative numbers. Today the pair made intraday high at $1,719 and low at $1,712 mark.
Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A
sustained 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. Flash PMI data will provide
further directions to the parity.
XAU [GOLD]
USD
/
1708
1704
1698
1692
JULY,
2022

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