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25 July 2022
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar trades almost flat against major peers ahead of U.S. FOMC Mee ng due on Wednesday, most Asian stock markets in red, gold stabilizes above $1,720 mark
Key Headlines:
• Shanghai ordered residents across nine of the city's districts and some smaller areas to do COVID-19 tests over July 26-28, the city government said on Monday, as sporadic local
cases kept emerging in the Chinese commercial hub – Reuters.
• The rapidly spreading monkeypox outbreak represents a global health emergency, the World Health Organiza on's highest level of alert, WHO Director-General Tedros Adhanom
Ghebreyesus said – Reuters.
• Mainland China reported 982 new coronavirus cases for July 23, of which 129 were symptoma c and 853 were asymptoma c, the Na onal Health Commission said on Sunday –
Reuters.
• Pakistan's polio count for the year has risen to 13 with one case reported on Friday as the South Asian na on looks to contain a disease mostly eradicated elsewhere, officials said –
Reuters.
• China's na onal medical insurance fund ran a small surplus last year, a healthcare authority said on Saturday, a rare disclosure following public concern that the fund was losing
money due to massive COVID-19 tests – Reuters.
• China's COVID-19 vaccines are safe and have been given to leaders of the state and ruling Communist Party, officials said on Saturday, as Beijing steps up efforts to allay public
concerns about safety that risk hampering its vaccina on drive – Reuters.
• Ukraine pressed ahead with efforts to restart grain exports under a deal aimed at easing global food shortages, but warned deliveries would suffer if a Russian missile strike on
Odesa was a sign of more to come – Reuters.
• The United States will host a virtual mee ng on Tuesday of officials represen ng the 14 countries that have joined the Indo-Pacific Economic Framework, as Washington seeks to
expand its engagement with Asia – Reuters.
• China's popula on has slowed significantly and is expected to start to shrink ahead of 2025, the state backed Global Times reported, ci ng a senior health official – Reuters.
• President Kais Saied is asking Tunisians to approve a new cons tu on in a referendum on Monday. Cri cs see his ac ons since seizing broad powers last summer as having unpicked
Tunisia's democra c gains since a 2011 revolu on – Reuters.
• Russia confirms Odesa strike, says warship was hit – Reuters.
• Ukraine President Zelenskiy - A ack shows Moscow can't be trusted on deal – Reuters.
• Zelenskiy's advisor: shipments will suffer if strikes con nue – Reuters.
• Moscow, Kyiv had signed grain export deal on Friday – Reuters.
• Ukraine pressed ahead on Sunday with efforts to restart grain exports from its Black Sea ports under a deal aimed at easing global food shortages but warned deliveries would suffer
if a Russian missile strike on Odesa was a sign of more to come – Reuters.
• China's Foreign Minister Wang Yi said on Monday that the South China Sea is not a "safari park" for countries outside the region or a "figh ng arena" for major powers to compete in
– Reuters.
Key Economic Indicators Ahead
• (0800 GMT/1330 IST) German IFO Business Climate, previous 92.3, expected 90.0.
• (1000 GMT/1530 IST) U.K. CBI Industrial Order Expecta ons, previous 18, expected 13.
• (1300 GMT/1830 IST) Euro Belgian NBB Business Climate, -1.8, expected -1.5.
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 0.08 pct to 106.65 points.
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
0.6955
0.6902
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6890
0.6860
0.6922
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie trades slightly higher on Monday and hovers around $0.6900 mark. Today pair
made intraday high at $0.6925 and low at $0.6878 mark. A day chart and H1 chart with triple EMA
suggest bearish trend for the time being.Asustained close above $0.6930 on H1 chart requires for the
upside rally. Alternatively, a consistent close below $0.6884 will check further supports. Australia’s
economic calendar will remain empty for the day.
0.6878
0.6855
0.6820
0.6801
JULY,
2022
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 trades almost flat on Monday ahead of Economic Light calendar and consolidate
around $1.0212 mark. Today the pair made intraday high at $1.0218 and low at $1.0180 mark. Today
triple EMAon a day chart is down and H1 chart suggests up trend for the time being.Aconsistent close
above $1.0230 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.0178 on H1 chart will check further supports.
EUR / USD
1.0178
1.0155
1.0118
1.0096
Buy Above 1.0225
1.0258
1.0181
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0178
1.0140
1.0211
– 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
1.2005
R2 S2
1.2030
R3 S3
1.2055
R4
Commentary
S4
1.2076
Buy Above 1.2005
1.2032
1.1978
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1960
1.1932
1.1987
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling moves in rigid boundaries and remains well supported below $1.2000 mark.
Today pair made intraday high at $1.2023 and low at $1.1960 mark.Aday chart is down and H1 chart
with triple EMA suggests up trend for the time being. A sustained close above $1.2005 on H1 chart
will check key resistances. Alternatively, a consistent close below $1.1960 will check further
supports.
USD
1.1960
1.1927
1.1901
1.1878
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
1.2950
R2 S2
1.2976
R3 S3
1.2999
R4
Commentary
S4
1.3015
Buy Above 1.2950
1.2976
1.2930
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2910
1.2875
1.2940
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD starts a new week on a lower note and stabilizes above 1.2900 mark. Today the
pair made intraday high at 1.2946 and low at 1.2912 mark. Today a day chart and H1 chart with triple
EMAsuggest up trend for the time being.Asustained close above 1.2950 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2910 on H1 chart will check key supports too.
USD /CAD
1.2910
1.2885
1.2860
1.2837
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
136.72
R2 S2
136.96
R3 S3
137.22
R4
Commentary
S4
137.50
Buy Above 136.50
136.82
136.18
– Take Profit
– Stop Loss
Trade Idea
Sell Below 135.90
135.62
136.18
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen remains slightly volatile in opening hours and currently stabilizes above
136.00 mark. The pair made intraday high at 136.60 and low at 135.89 mark. The triple EMAon a day
chart is up and H1 chart suggests down trend for the time being. A sustained close above 136.52 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 135.99 on H1 chart will
check further key supports.
USD /JPY
135.82
135.65
135.30
135.10
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
1732
R2 S2
1738
R3 S3
1742
R4
Commentary
S4
1748
Buy Above 1730
1736
1725
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1721
1715
1728
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold appreciates in opening hours and remains well supported above $1,720
mark. Today the pair made intraday high at $1,728 and low at $1,719 mark. Today a day chart is down
and H1 chart with triple EMAsuggests up trend for the time being.Asustained close above $1,728 on
H1 chart requires for the upside rally. Alternatively, a consistent close below $1,718 on H1 chart will
test further supports. U.S. calendar will remain empty for the day though high volatility likely during
U.S. session.
XAU [GOLD]
USD
/
1718
1712
1708
1702
JULY,
2022
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you!
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