DAILY ANALYSIS REPORT AUGUST 04 2022

1. +1 7754 366 970
analysis@tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
04 August 2022
Daily Analysis Report

2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Sterling trades in narrow range ahead of U.K.’s Interest Rate Decision, Asian stock markets in green, gold hovers around $1,770 mark ahead of U.S. NFP job data due tomorrow
Key Headlines:
• Australia Trade balance stands at 17.67B vs 15.02B previous release.
• Asian stocks rose on Thursday, taking cues from a strong rally on Wall Street a er robust economic data and upbeat corporate guidance boosted investor appe te – Reuters.
• Suspected drones flew over outlying Taiwanese islands and hackers a acked its defence ministry website, authori es in Taipei said on Thursday, a day a er a visit by U.S. House of
Representa ves Speaker Nancy Pelosi that outraged China – Reuters.
• The Bank of England is expected to raise interest rates by the most since 1995 on Thursday, even as the risks of a recession mount, in an a empt to stop a surge in infla on from
becoming embedded in Britain's economy – Reuters.
• Oil prices rose on Thursday as supply concerns triggered a rebound from mul -month lows plumbed in the previous session a er U.S. data signalled weak fuel demand – Reuters.
• U.S. stock index futures edged higher on Wednesday, with focus on services ac vity data due later in the day a er a report earlier this week amplified economic slowdown worries,
while PayPal gained on raising its profit forecast – Reuters.
• Futures for Canada's main stock index steadied on Wednesday a er U.S. House Speaker Nancy Pelosi le Taiwan, following a visit which heightened Sino-U.S. tensions, while higher
gold prices were set to buoy miners – Reuters.
• The West's energy giants are set to return a record $30 billion to investors a er repor ng bumper profits in the second quarter of the year following a surge in energy prices –
Reuters.
• The Italian parliament has given its final approval to a highly contested bill to promote compe on in product and services markets, required to help secure a new tranche worth 19
billion euros ($19.4 billion) of post-pandemic European funds – Reuters.
• Germany's Commerzbank swung on Wednesday to a bigger-than-expected second-quarter net profit, helped by higher interest rates and commission income, and confirmed it was
on track to meet its profit target despite "clouds" on the horizon – Reuters.
• Bank of Ireland expects modest growth in net interest income this year, having previously forecast that it would be broadly stable year on year, the bank said on Wednesday a er
repor ng a 10% drop in first half profits – Reuters.
• The U.S. Centers for Disease Control and Preven on (CDC) is expected to ease its guidelines to control the spread of COVID-19, including in schools as soon as this week, CNN
reported on Wednesday, ci ng sources familiar with the plan – Reuters.
• The European Medicines Agency (EMA) is recommending Novavax's COVID-19 vaccine carry a warning of the possibility of two types of heart inflamma on, an added burden for a
shot that has so far failed to win wide uptake – Reuters.
• Moderna Inc on Wednesday maintained its full-year COVID-19 vaccine sales forecast of $21 billion as canceled orders from low- and middle-income na ons through the COVAX
program offset gains from new booster dose orders – Reuters.
Key Economic Indicators Ahead
• (0600 GMT/1130 IST) German Factory Orders, previous 0.1, expected -1.0.
• (0830 GMT/1400 IST) U.K. Construc on PMI, previous 52.6, expected 52.0.
• (1100 GMT/1630 IST) U.K. Interest Rate Decision, previous 1.25, expected 1.75.
• (1130 GMT/1700 IST) U.S. Challenger Job Cuts, previous 58.8.
• (1230 GMT/1800 IST) Canada Building Permits, previous 2.3, expected -2.0.
• (1230 GMT/1800 IST) Canada Trade Balance, previous 5.3B, expected 5.0B.
• (1230 GMT/1800 IST) U.S. Unemployment Claims Weekly, previous 256K, expected 262K.
• (1230 GMT/1800 IST) U.S. Trade Balance, previous -85.5B, expected -80.5B.
Economic Events Ahead:
• (0800 GMT/1330 IST) ECB Economic Bulle n.
• (1130 GMT/1700 IST) U.K. GOE Gov Bailey Speaks.
• (1600 GMT/2130 IST) U.S. FOMC Member Mester Speaks.
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 106.42 points.

3. AUD / USD
BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
0.6972
R2 S2
0.6999
R3 S3
0.7022
R4
Commentary
S4
0.7050
Buy Above 0.6970
0.6999
0.6940
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6937
0.6910
0.6960
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: TheAussie appreciates in Thursday after robust Trade Balance data and stabilizes above
$0.6950 mark. Today pair made intraday high at $0.6963 and low at $0.6934 mark.Aday chart and H1
chart with triple EMA suggest up trend for the time being. A sustained close above $0.6972 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.6937 will check further
supports.
0.6937
0.6904
0.6884
0.6858
AUGUST,
2022

4. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0178
R2 S2
1.0199
R3 S3
1.0222
R4
Commentary
S4
1.0250
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro remains almost unchanged on Thursday ahead of ECB Economic Bulletin
results and stabilizes above $1.0150 mark. Today the pair made intraday high at $1.0176 and low at
$1.0154 mark. Today triple EMAon a day chart and H1 chart suggest bearish trend for the time being.
A consistent close above $1.0178 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.0150 on H1 chart will check further supports.
EUR / USD
1.0150
1.0122
1.0100
1.0078
Buy Above 1.0176
1.0205
1.0152
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0150
1.0122
1.0174
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2022

5. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2174
R2 S2
1.2205
R3 S3
1.2240
R4
Commentary
S4
1.2265
Buy Above 1.2190
1.2220
1.2160
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2130
1.2091
1.2162
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling moves in roigid boundaries ahead of U.K.’s policy rate decision and
stabilizes around $1.2150 mark. Today pair made intraday high at $1.2167 and low at $1.2132 mark.
A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close
above $1.2174 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.2130 will check further supports.
USD
1.2130
1.2102
1.2078
1.2055
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2022

6. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
1.2855
R2 S2
1.2890
R3 S3
1.2922
R4
Commentary
S4
1.2950
Buy Above 1.2855
1.2890
1.2830
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2830
1.2799
1.2855
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD moves directionless on Thursday and remains well supported around 1.2850
mark. Today the pair made intraday high at 1.2855 and low at 1.2833 mark. Today a day chart and H1
chart with triple EMA suggest down trend for the time being. A sustained close above 1.2855 on H1
chart requires for the upside rally.Alternatively, a consistent close below 1.2830 on H1 chart will check
key supports too. Canada’sTrade balance data will remain in focus.
USD /CAD
1.2830
1.2805
1.2790
1.2765
AUGUST,
2022

7. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
134.12
R2 S2
134.40
R3 S3
134.72
R4
Commentary
S4
134.99
Buy Above 134.15
134.50
133.80
– Take Profit
– Stop Loss
Trade Idea
Sell Below 133.50
132.99
133.89
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades almost flat on Thursday and hovers around 133.80 mark. The
pair made intraday high at 134.14 and low at 133.41 mark. The triple EMAon a day chart and H1 chart
suggest up trend for the time being. A sustained close above 134.12 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 133.62 on H1 chart will check further key supports.
USD /JPY
133.30
133.00
132.78
132.50
AUGUST,
2022

8. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
1774
R2 S2
1778
R3 S3
1782
R4
Commentary
S4
1787
Buy Above 1774
1781
1765
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1764
1758
1770
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold starts a new day on a positive note and remains well supported around
$1,770 mark. Today the pair made intraday high at $1,772 and low at $1,763 mark. Today a day chart
is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$1,774 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,760 on H1
chart will test further supports.
XAU [GOLD]
USD
/
1758
1752
1747
1742
AUGUST,
2022

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
L
O
B
A
L
F
X
/tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx
that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently,
investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such
trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading,
to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this
website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your
personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of
Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and
operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does
not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note