DAILY ANALYSIS REPORT AUGUST 19 2022

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analysis@tpglobalfx.com
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19 August 2022
Daily Analysis Report

+1 7754 366 970
Asian Bulle n: U.S. dollar strengthens sharply against major peers as DXY hits highest level since July 18, 2022, Asian stock markets in red, gold hovers around $1,750 mark
Key Headlines:
• New Zealand Trade Balance stands at -1092M vs -1102M previous release.
• U.K. GFK Consumer Confidence stands at -44 vs -41 previous release.
• Japan Na onal Core CPI stands at 2.4 pct vs 2.2 pct previous release.
• Since 2011, Peruvians have lived under seven presidents and seen four ex-leaders detained or wanted on corrup on allega ons. Yet, in the same period Peru has held onto the
unlikely tle of the fastest growing major economy in La n America – Reuters.
• China's banking regulator is scru nising property loan por olios of some local and foreign lenders to assess systemic risks, sources with knowledge of the ma er said, as a crisis in
the real estate sector worsens and weighs heavily on the economy – Reuters.
• Falling global oil prices and tempering infla on levels will keep Indian bond yields in ghter ranges and cause longer term yields to compress further, says Kotak Mahindra Asset
Management Company – Reuters.
• Britain's next prime minister will not have room to make large, permanent tax cuts, the Ins tute for Fiscal Studies said on Thursday, challenging the plans of the two Conserva ve
candidates vying to succeed Boris Johnson as prime minister – Reuters.
• The Indian rupee was trading lower against the dollar on Thursday, tracking a Chinese yuan-led decline in Asian currencies – Reuters.
• The Credit Deriva ves Determina ons Commi ee (CDDC) set to decide whether Ukraine's debt payment freeze deal this month jus fies payouts of default insurance polices will
meet again on Friday it has said – Reuters.
• Danish biotech firm Bavarian Nordic said on Thursday it has signed up a U.S.-based manufacturer to package its Jynneos monkeypox vaccine and the produc on is expected to begin
later this year – Reuters.
• The United States said on Thursday it will boost its supply of monkeypox vaccine by making available an extra 1.8 million doses of Bavarian Nordic's Jynneos shot, as the number of
reported cases in the country rose above 13,500 – Reuters.
• The World Health Organiza on (WHO) on Thursday recommended the use of French drugmaker Valneva's COVID-19 vaccine – Reuters.
• The U.S. Food and Drug Administra on on Wednesday approved bluebird bio's gene therapy for pa ents with a rare disorder requiring regular blood transfusions, and the
drugmaker priced it at a record $2.8 million – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) Euro German PPI, previous 0.6, expected 0.7.
• (0600 GMT/1130 IST) U.K. Retail Sales, previous -0.1, expected -0.2.
• (0800 GMT/1330 IST) Euro Current Account, previous -4.5B, expected -3.3B.
• (1230 GMT/1800 IST) Canada Retail Sales, previous 2.2, expected 0.4.
• (1230 GMT/1800 IST) Canada Core Retail Sales, previous 1.9, expected 0.9.
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 0.14 pct to 107.64 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
0.6951
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 0.6898
0.6865
0.6922
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
AUD/USD: The Aussie weakens noticeably against U.S. dollar and hover around $0.6900 mark.
Today pair made intraday high at $0.6919 and low at $0.6888 mark. A day chart and H1 chart with
triple EMA suggest down trend for the time being. A sustained close above $0.6930 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.6890 will check further
supports.
0.6890
0.6862
0.6840
0.6812
AUGUST,
2022

BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0190
R2 S2
1.0226
R3 S3
1.0250
R4
Commentary
S4
1.0278
+1 7754 366 970
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Time Frame: H1
EUR/USD: The euro starts a new day on a lower note ahead of Euro Zone’s German PPI results and
stabilizes below $1.0100 mark. Today the pair made intraday high at $1.0092 and low at $1.0069
mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A
consistent close above $1.0098 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.0062 on H1 chart will check further supports.
EUR / USD
1.0162
1.0127
1.0105
1.0086
Buy Above 1.0098
1.0130
1.0065
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0062
1.0030
1.0096
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
AUGUST,
2022

BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.1930
R2 S2
1.1957
R3 S3
1.1972
R4
Commentary
S4
1.1999
Buy Above 1.1930
1.1972
1.1902
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1890
1.1856
1.1920
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
GBP/USD: The sterling falls in early Asian ahead of U.K.’s Retail Sales data and slips back below
$1.1900 mark. Today pair made intraday high at $1.1935 and low at $1.1893 mark. A day chart and
H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.1930
on H1 chart will check key resistances. Alternatively, a consistent close below $1.1890 will check
further supports.
USD
1.1890
1.1855
1.1830
1.1804
GBP/
Trends Down Trend
AUGUST,
2022

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
1.2970
R2 S2
1.2999
R3 S3
1.3015
R4
Commentary
S4
1.3050
Buy Above 1.2974
1.3001
1.2950
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2940
1.2912
1.2968
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
USD/CAD: The CAD depreciates on Friday and stabilizes above 1.2950 mark. Today the pair made
intraday high at 1.2966 and low at 1.2942 mark. Today a day chart and H1 chart with triple EMA
suggest bullish trend for the time being. A sustained close above 1.2970 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2930 on H1 chart will check key supports too.
USD /CAD
1.2930
1.2902
1.2878
1.2850
AUGUST,
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
136.50
R2 S2
136.78
R3 S3
137.02
R4
Commentary
S4
137.30
Buy Above 136.50
136.89
136.15
– Take Profit
– Stop Loss
Trade Idea
Sell Below 135.98
135.55
136.30
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
USD/JPY: The Japanese yen continues to trade lower on Friday despite Japan released National
Core CPI data with ﬂat numbers. The pair made intraday high at 136.37 and low at 135.71 mark. The
triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above
136.50 on H1 chart requires for the upside rally. Alternatively, a consistent close below 135.90 on H1
chart will check further key supports.
USD /JPY
135.72
135.50
135.22
135.04
AUGUST,
2022

BUY SELL
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Technical Summary
Trend Down Trend
H 1
FIBO Levels PIVOT
R1 S1
1762
R2 S2
1768
R3 S3
1772
R4
Commentary
S4
1778
Buy Above 1758
1764
1752
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1750
1744
1755
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
XAU/USD (GOLD): Gold weakens on Friday and hovers around $1,750 mark. Today the pair made
intraday high at $1,759 and low at $1,751 mark. Today a day chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $1,762 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,752 on H1 chart will test further supports.
XAU [GOLD]
USD
/
1747
1742
1737
1732
AUGUST,
2022

Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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DAILY ANALYSIS REPORT AUGUST 19 2022

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DAILY ANALYSIS REPORT AUGUST 19 2022