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18 August 2022
Daily Analysis Report
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Asian Bulle n: Aussie remains vola le in early Asia a er mixed economic results, most Asian stock markets in red, gold hovers around $1,760 mark
Key Headlines:
• Australia Employment Change stands at -40.9K vs 88.4K previous release.
• Australia Unemployment Rate stands at 3.4 pct vs 3.5 pct previous release.
• The operator of the Hong Kong Stock Exchange (HKEX) flagged con nued pressures from global poli cal tensions and other nega ve factors as it posted a 27% fall in first-half profit
on Wednesday – Reuters.
• World shares struggled and oil prices fell on Wednesday as the UK's highest infla on since 1982 and a rate hike in New Zealand reminded investors of the challenges facing the
global economy – Reuters.
• U.S. stock index futures fell on Wednesday a er weak results from retailer Target rekindled fears about the health of U.S. consumers, while growth stocks came under renewed
pressure as bond yields climbed – Reuters.
• Bri sh consumer price infla on is likely to peak at an annual rate above 15% in the first three months of next year unless there are government measures to lower prices,
economists at U.S. bank Ci forecast on Wednesday – Reuters.
• China's fiscal revenue growth slowed slightly in the January-July period compared to the first six months of the year, finance ministry data showed on Wednesday, as the economy
was squeezed by the country's zero-COVID policy and a property crisis – Reuters.
• Major U.S. and European banks are facing tougher mes in the riskiest parts of the loan market – Reuters.
• German chancellor Olaf Scholz faces lawmakers' ques ons this week over his role in tackling a mul billion-euro tax fraud as a sprawling probe into the scheme threatens to
undermine him as he grapples with an energy crisis and the fallout of war – Reuters.
• The Bri sh pound was steady on Wednesday as data showed infla on climbed to its highest level in more than four decades in July, heaping pressure on the Bank of England to bring
down prices but increasing the risk of a sharper economic slowdown – 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.
• Russia reported 33,106 new daily coronavirus cases on Wednesday, authori es said, the highest figure since mid-March this year – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) Swiss Trade balance, previous 3.80B, expected 3.55B.
• (0900 GMT/1430 IST) Euro Final CPI, previous 8.9, expected 8.9.
• (0900 GMT/1430 IST) Euro Final Core CPI, previous 4.0, expected 4.0.
• (1230 GMT/1800 IST) Canada IPPI, previous -1.1, expected -0.8.
• (1230 GMT/1800 IST) Canada RMPI, previous -0.1, expected -3.9.
• (1230 GMT/1800 IST) U.S. Philly Fed manufacturing Index, previous -12.3, expected -4.9.
• (1230 GMT/1800 IST) U.S. Unemployment Claims weekly, previous 262K, expected 265K.
• (1400 GMT/1930 IST) U.S. Exis ng Home Sales, previous 5.12M, expected 4.87M.
Economic Events Ahead:
• Tenta ve – FOMC Member George Speaks.
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 106.61 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
0.6951
R2 S2
0.6976
R3 S3
0.7002
R4
Commentary
S4
0.7022
Buy Above 0.6951
0.6980
0.6922
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6922
0.6890
0.6948
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie remains volatile in early Asia after mixed Employment Change data and
hovers around $0.6930 mark. Today pair made intraday high at $0.6950 and low at $0.6925 mark. A
day chart is up and H1 chart with triple EMAsuggests down trend for the time being.Asustained close
above $0.6951 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.6922 will check further supports.
0.6922
0.6900
0.6881
0.6862
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
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-
Time Frame: H1
EUR/USD: The euro exhibits range bound movement and hovers around $1.0170 mark ahead of
Euro Zone’s CPI results. Today the pair made intraday high at $1.0193 and low at $1.0169 mark.
Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent
close above $1.0190 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.0155 on H1 chart will check further supports.
EUR / USD
1.0155
1.0127
1.0105
1.0086
Buy Above 1.0191
1.0222
1.0155
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0160
1.0121
1.0176
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2022
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2050
R2 S2
1.2076
R3 S3
1.2090
R4
Commentary
S4
1.2115
Buy Above 1.2062
1.2090
1.2030
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2022
1.1990
1.2052
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling weakened sharply in previous session as U.K. released CPI data with
positive numbers. Today pair made intraday high at $1.2060 and low at $1.2030 mark. A day chart
and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above
$1.2050 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2020 will
check further supports.
USD
1.2020
1.1982
1.1955
1.1930
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
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
1.2940
R2 S2
1.2955
R3 S3
1.2972
R4
Commentary
S4
1.3001
Buy Above 1.2940
1.2968
1.2912
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2900
1.2872
1.2932
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD falls sharply on Thursday and remains well supported above 1.2930 mark.
Today the pair made intraday high at 1.2927 and low at 1.2908 mark. Today a day chart and H1 chart
with triple EMA suggest bullish trend for the time being. A sustained close above 1.2940 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2898 on H1 chart will check key
supports too.
USD /CAD
1.2898
1.2872
1.2850
1.2821
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
135.22
R2 S2
135.40
R3 S3
135.65
R4
Commentary
S4
135.90
Buy Above 135.21
135.50
134.90
– Take Profit
– Stop Loss
Trade Idea
Sell Below 134.68
134.30
134.90
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen remains almost unchanged on Thursday and hovers around 134.90
mark. The pair made intraday high at 135.18 and low at 134.73 mark. The triple EMA on a day chart
and H1 chart suggest up trend for the time being. A sustained close above 135.12 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 134.80 on H1 chart will check
further key supports.
USD /JPY
134.72
134.50
134.21
134.02
AUGUST,
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
1768
R2 S2
1772
R3 S3
1778
R4
Commentary
S4
1784
Buy Above 1768
1774
1762
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1758
1751
1764
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades slightly lower on Thursday ahead of U.S. Philly Fed Manufacturing
Index data and hovers around $1,760 mark. Today the pair made intraday high at $1,767 and low at
$1,761 mark. Today a day chart and H1 chart with triple EMAsuggest down trend for the time being.A
sustained close above $1,767 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
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you!
Info@tpglobalfx.com
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