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16 August 2022
Daily Analysis Report

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+1 7754 366 970
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Asian Bulle n: Aussie remains vola le in early Asia a er RBA’s Monetary Policy Mee ng Minutes, Asian stock markets in green, gold hovers around $1,780 mark
Key Headlines:
• U.S. TIC Long Term Purchases stands at 131.8B vs 155.3B previous release.
• RBA (Reserve Bank of Australia) minutes - Members noted that infla on was expected to peak later in 2022.
• RBA Minutes - Infla on Will Then Decline Back to the Top of the 2 to 3 per cent Target Range by the End of 2024.
• RBA Minutes - Members Agreed It Was Appropriate to Con nue the Process of Normalising Monetary Condi ons.
• RBA Minutes - Increase in interest rates over recent months has been required to bring infla on back to target.
• RBA Minutes - Household spending behavior a key source of uncertainty.
• Sight deposits held by the Swiss Na onal Bank increased by 1.7 billion Swiss francs ($1.80 billion) last week, data showed on Monday, indica ng the central bank could be
intervening in the market to slow the franc's surge in value – Reuters.
• Westpac Banking Corp , Australia's third-largest mortgage lender, said on Monday its bad debt fell to a mul -year low in the June quarter, se ng up a financial buffer as the
country's housing market enters a downturn – Reuters.
• Asian markets struggled for direc on on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies –
Reuters.
• Ukraine called for new sanc ons on Russia and highlighted the risks and consequences of a catastrophe at Europe's biggest nuclear plant, where fresh shelling nearby has reignited a
blame game between both sides – Reuters.
• The United States, South Korea and Japan par cipated in a ballis c missile defense exercise off Hawaii's coast last week, the Pentagon said on Tuesday, reviving combined drills with
an eye on North Korea as well as China – Reuters.
• Chinese air force footage of Taiwan's Penghu islands is informa on warfare, a senior Taiwanese officer said on Tuesday – Reuters.
• China has sanc oned seven Taiwanese officials for suppor ng Taiwan independence, its state media reported on Tuesday – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) U.K. Claimant Count Change, previous -20.0K, expected 32.0K.
• (0600 GMT/1130 IST) U.K. Average Earnings Index, previous 6.2, expected 4.7.
• (0600 GMT/1130 IST) U.K. Unemployment Rate, previous 3.8, expected 3.8.
• (0900 GMT/1430 IST) Euro Trade Balance, previous -26.0B, expected -20.0B.
• (0900 GMT/1430 IST) Euro ZEW Economic Sen ment, previous -51.1, expected -57.8.
• (0900 GMT/1430 IST) German ZEW Economic Sen ment, previous -53.8, expected -59.9.
• (1215 GMT/1745 IST) Canada Housing Starts, previous 274K, expected 265K.
• (1230 GMT/1800 IST) Canada CPI m/m, previous 0.7.
• (1230 GMT/1800 IST) Canada Common CPI, previous 4.6.
• (1230 GMT/1800 IST) Canada Common CPI, previous 4.9.
• (1230 GMT/1800 IST) Canada Trimmed CPI, previous 5.5.
• (1230 GMT/1800 IST) Canada Core CPI, previous 0.3.
• (1230 GMT/1800 IST) Canada Building Permits, previous 1.70M, expected 1.65M.
• (1230 GMT/1800 IST) Canada Housing Starts, previous 1.56M, expected 1.35M.
• (1315 GMT/1845 IST) U.S. Capacity U liza on Rate, previous 80.0, expected 80.2.
• (1315 GMT/1845 IST) U.S. Industrial Produc on, previous -0.2, expected 0.3.
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 0.06 pct to 106.49 points.

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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
0.7040
R2 S2
0.7062
R3 S3
0.7090
R4
Commentary
S4
0.7115
Buy Above 0.7040
0.7072
0.7010
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7002
0.6972
0.7030
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie remains volatile on Tuesday after RBA’s Monetary Policy Meeting Minutes
and currently trading around $0.7020 mark. Today pair made intraday high at $0.7038 and low at
$0.7000 mark.Aday chart is up and H1 chart with triple EMAsuggests down trend for the time being.A
sustained close above $0.7040 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $0.7002 will check further supports.
0.7002
0.6980
0.6955
0.6930
AUGUST,
2022

4.
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0178
R2 S2
1.0199
R3 S3
1.0224
R4
Commentary
S4
1.0250
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-
Time Frame: H1
EUR/USD: The euro exhibits range bound movement and consolidates around $1.0160 mark. Today
the pair made intraday high at $1.0169 and low at $1.0147 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
1.0076
Buy Above 1.0178
1.0212
1.0148
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0140
1.0105
1.0165
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2022

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BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2072
R2 S2
1.2099
R3 S3
1.2122
R4
Commentary
S4
1.2150
Buy Above 1.2070
1.2099
1.2040
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2032
1.2005
1.2062
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling trades almost flat on Tuesday ahead of U.K.s Jobless Claims data and
hovers around $1.2050 mark. Today pair made intraday high at $1.2060 and low at $1.2035 mark. A
day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close
above $1.2070 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.2030 will check further supports.
USD
1.2030
1.2002
1.1976
1.1940
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2022

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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
1.2930
R2 S2
1.2955
R3 S3
1.2972
R4
Commentary
S4
1.2999
Buy Above 1.2920
1.2952
1.2890
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2882
1.2850
1.2912
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD spiked down sharply in previous session and trading around 1.2900 mark.
Today the pair made intraday high at 1.2921 and low at 1.2892 mark. Today a day chart is down and
H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2930 on H1
chart requires for the upside rally.Alternatively, a consistent close below 1.2870 on H1 chart will check
key supports too.
USD /CAD
1.2870
1.2838
1.2812
1.2790
AUGUST,
2022

7.
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
133.50
R2 S2
133.76
R3 S3
133.90
R4
Commentary
S4
134.12
Buy Above 133.52
133.80
133.21
– Take Profit
– Stop Loss
Trade Idea
Sell Below 133.10
132.72
133.50
– 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 Tuesday and hovers around 133.30 mark. The pair
made intraday high at 133.48 and low at 132.94mark. The triple EMA on a day chart and H1 chart
suggest down trend for the time being. A sustained close above 133.51 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 132.90 on H1 chart will check further key supports.
USD /JPY
132.90
132.72
132.50
132.22
AUGUST,
2022

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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
1787
R2 S2
1792
R3 S3
1798
R4
Commentary
S4
1804
Buy Above 1784
1790
1778
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1776
1770
1782
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold failed to fall below $1,772 mark and currently trading around $1,780 mark.
Today the pair made intraday high at $1,783 and low at $1,776 mark. Today a day chart and H1 chart
with triple EMA suggest down trend for the time being. A sustained close above $1,787 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,772 on H1 chart will test further
supports. Later today U.S. Building Permits, Industrial Production and housing data will remain in
focus.
XAU [GOLD]
USD
/
1772
1767
1762
1756
AUGUST,
2022

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