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analysis@tpglobalfx.com
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26 August 2022
Daily Analysis Report

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+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen weakens in early Asian hours despite higher than expected Tokyo Core CPI data, Asian stock markets in green, gold back above $1,750 mark
Key Headlines:
• Japan Tokyo Core CPI stands at 2.6 pct vs 2.3 pct previous release.
• Asian shares rose on Friday, buoyed by news of possible progress for China and the United States to hammer out an audit deal, while traders anxiously awaited a speech from
Federal Reserve Chair Jerome Powell on rate-hike path later in the day – Reuters.
• Oil prices rose in early trade on Friday on signs of improving fuel demand, though gains were capped as the market awaited clues from the U.S. Federal Reserve chairman on the
outlook for rate hikes in a speech later in the day – Reuters.
• Ukrainian President Volodymyr Zelenskiy said the world narrowly avoided a radia on disaster as electricity to Ukraine's Zaporizhzhia nuclear power plant was cut for hours due to
Russian shelling in the area, allega ons that Moscow denied – Reuters.
• China's aggressive military drills around Taiwan in response to U.S. House Speaker Nancy Pelosi's visit put Washington on edge, but not enough to spur an immediate sharp increase
in weapons sales to the island – Reuters.
• The recent visits by guests from the United States have reinforced Taiwan's determina on to defend itself, Taiwan President Tsai Ing-wen said on Friday as she met the latest U.S.
lawmaker to visit the island in defiance of Beijing – Reuters.
• Japan is seeking to organise a Sri Lanka creditors' conference, hoping it could help solve the South Asia na on's debt crisis, but uncertain es cloud the outlook for any talks, three
people with knowledge of the planning said – Reuters.
• Wall Street giant Ci group will wind down its Russian consumer bank a er a empts to sell it were hampered by Moscow's invasion of Ukraine, Wall Street Journal reported on
Thursday, ci ng people familiar with the ma er – Reuters.
• U.S. stock index futures rose on Thursday, supported by megacap growth stocks as Treasury bond yields dipped, while focus turned to the Federal Reserve's annual Jackson Hole
symposium for clues on the Central Bank's Monetary Policy outlook – Reuters.
• The French transport minister said on Thursday a report that French oil major TotalEnergies was involved in supplying jet fuel to the Russian military via a joint venture raised an
"extremely serious" issue that demanded clarifica on – Reuters.
• Canadian Imperial Bank of Commerce on Thursday beat analysts' es mates for third-quarter profit, which declined from a year earlier as higher expenses and provisions for credit
losses outweighed strong lending growth, and as capital markets earnings fell – Reuters.
• The Bank of Japan must maintain massive monetary s mulus and its dovish policy guidance un l wages show clearer signs of increasing, one of its board members said, reinforcing
the central bank's outlier status in a global wave of monetary ghtening – Reuters.
• Russia's central bank said on Wednesday that its business climate index remained in the posi ve range for the second month running in August, with future expecta ons improving
as businesses see overall risks easing and growth in costs slowing – Reuters.
• The Reserve Bank of India on Wednesday li ed curbs imposed on American Express last year that had prevented it from taking on new customers in India, saying the U.S. credit card
giant had shown "sa sfactory compliance" on data storage rules – Reuters.
• The number of monkeypox cases reported globally declined by 21% last week, a er a month-long trend of rising infec ons, the World Health Organiza on said on Thursday –
Reuters.
• Chinese customs said on Thursday it no longer required cross-border travellers to report certain COVID-related informa on, such as tests and previous infec ons, when clearing
customs – Reuters.
• Pfizer Inc said on Thursday its vaccine for Respiratory Syncy al Virus (RSV) was effec ve among older adults in a late-stage study and it plans to file for approval with the U.S. health
regulator in the coming months – Reuters.
• The United States plans to roll out an updated COVID-19 booster vaccine to include Omicron subvariants of the coronavirus. Regulators are reviewing the shots and could give the
go-ahead as soon as next week – Reuters.
• North Korea's state media said on Thursday that a fever outbreak of unknown origin has emerged in a region bordering China, but it was not the novel coronavirus over which the
country declared victory this month – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) German GFK Consumer Climate, previous -30.6, expected -32.1.
• (0800 GMT/1330 IST) Euro Private Loans, previous 4.6, expected 4.6.
• (1230 GMT/1800 IST) U.S. Goods Trade balance, previous -98.6B, expected -98.5B.
• (1230 GMT/1800 IST) U.S. Personal Income, previous 0.6, expected 0.6.
• (1230 GMT/1800 IST) U.S. Personal Spending, previous 1.1, expected 0.4.
• (1400 GMT/1930 IST) U.S. Revised UoM Consumer Sen ment, previous 55.1, expected 55.3.
Economic Events Ahead:
• (1400 GMT/1930 IST) U.S. Fed Chair Powell Speaks.
• Day 02 – U.S. Jackson Hole Symposium.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.04 pct to 108.51 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
0.6990
R2 S2
0.7012
R3 S3
0.7030
R4
Commentary
S4
0.7055
Buy Above 0.6990
0.7022
0.6965
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6955
0.6930
0.6981
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie failed to find support above $0.6990 mark and currently hovers around
$0.6970 mark. Today pair made intraday high at $0.6982 and low at $0.6953 mark. A day chart is
down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$0.6990 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6950 will
check further supports.
0.6950
0.6922
0.6901
0.6878
AUGUST,
2022

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BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
0.9980
R2 S2
1.0022
R3 S3
1.0052
R4
Commentary
S4
1.0078
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro moves in narrow range ahead of German GFK Consumer Climate Data and
consolidates around $0.9970 mark. Today the pair made intraday high at $0.9977 and low at $0.9962
mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A
consistent close above $0.9980 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $0.9955 on H1 chart will check further supports.
EUR / USD
0.9955
0.9930
0.9912
0.9898
Buy Above 0.9986
1.0018
0.9955
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.9958
0.9930
0.9986
– 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
1.1840
R2 S2
1.1862
R3 S3
1.1878
R4
Commentary
S4
1.1896
Buy Above 1.1840
1.1872
1.1805
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1814
1.1780
1.1840
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
GBP/USD: The sterling remains almost unchanged on Friday amid empty Economic calendar of the
U.K. Today pair made intraday high at $1.1838 and low at $1.1805 mark.Aday chart is down and H1
chart with triple EMA suggests slightly up trend for the time being. A sustained close above $1.1840
on H1 chart will check key resistances. Alternatively, a consistent close below $1.1802 will check
further supports.
USD
1.1802
1.1780
1.1755
1.1721
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
1.2958
R2 S2
1.2999
R3 S3
1.3015
R4
Commentary
S4
1.3042
Buy Above 1.2962
1.2991
1.2937
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2930
1.2899
1.2955
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
USD/CAD: The CAD depreciates on Friday and stabilizes around 1.2950 mark. Today the pair made
intraday high at 1.2956 and low at 1.2922 mark. Today a day chart is up and H1 chart with triple EMA
suggests bearish trend for the time being.Asustained close above 1.2958 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2922 on H1 chart will check key supports too.
USD /CAD
1.2922
1.2901
1.2878
1.2852
AUGUST,
2022

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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
136.90
R2 S2
137.12
R3 S3
137.30
R4
Commentary
S4
137.62
Buy Above 136.90
137.40
136.60
– Take Profit
– Stop Loss
Trade Idea
Sell Below 136.50
136.18
136.80
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower despite robust Tokyo Core CPI data. The pair
made intraday high at 136.79 and low at 136.41 mark.The triple EMAon a day chart is up and H1 chart
suggests bearish trend for the time being.Asustained close above 136.90 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 136.50 on H1 chart will check further key supports.
USD /JPY
136.50
136.22
136.01
135.80
AUGUST,
2022

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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
1758
R2 S2
1762
R3 S3
1768
R4
Commentary
S4
1774
Buy Above 1760
1767
1754
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1751
1744
1758
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
XAU/USD (GOLD): Gold moves in narrow range on Friday and hovers around $1,755 mark ahead of
U.S. Personal Income/Spending data and Fed Chair Powell’s Speech. Today the pair made intraday
high at $1,758 and low at $1,752 mark. Today a day chart is down and H1 chart with triple EMA
suggests bullish trend for the time being.Asustained close above $1,758 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
/
1749
1744
1740
1736
AUGUST,
2022

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