DAILY ANALYSIS REPORT JULY 11 2022

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11 July 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Japanese yen weakens extremely during Asian hours and hits lowest level since Sept 1998, Asian stock markets dras cally down, gold hovers around $1,742 mark
Key Headlines:
• Japan Core machinery orders stand at -5.6 pct vs 10.8 pct previous release.
• Japan M2 Money Stock stands at 3.3 pct vs 3.1 pct previous release.
• Asian shares were mostly under water on Monday as investors braced for a U.S. infla on report that could force another super-sized hike in interest rates, and the start of an
earnings season in which profits could be under pressure – Reuters.
• The president's comments came a er he signed an execu ve order to ease access to services to terminate pregnancies a er the Supreme Court overturned the Roe v. Wade decision
that legalized abor on na onwide – Reuters.
• Hong Kong is considering implemen ng a health code system similar to China to fight Covid infec ons without ghtening social-distancing measures, the South China Morning Post
reported on Sunday ci ng new Secretary for Health Lo Chung-Mau – Reuters.
• New Zealand's central bank is expected to deliver this week a third straight half-point rate hike in its most aggressive policy ghtening in over two decades, but growing signs of a
poten ally sharp economic downturn may temper the hawkish dash – Reuters.
• The city of Shanghai has discovered a COVID-19 case involving a new subvariant Omicron BA.5.2.1, an official told a briefing on Sunday, signalling the complica ons China faces to
keep up with new muta ons as it pursues its "zero-COVID" policy – Reuters.
• China reported 420 new COVID-19 infec ons on July 9, down from 455 a day earlier, according to data published by the Na onal Health Commission on Sunday – Reuters.
• The Kenyan government and World Health Organiza on on Saturday launched a medical emergency hub in Nairobi, the first in a network of African centres they say will hasten
responses to regional emergencies – Reuters.
• Macau will shut almost all commercial and industrial businesses including its casinos for one week from Monday, as authori es race to curb a surge of COVID-19 infec ons in the
world's biggest gambling hub – Reuters.
• The biggest single pipeline carrying Russian gas to Germany starts annual maintenance on Monday, with flows expected to stop for ten days, but governments, markets and
companies are worried the shut-down might be extended due to war in Ukraine – Reuters.
• BoJ’s Governor Kuroda - while there are some indicators of weakness in the Japanese economy, the trend is upward.
• BoJ's Governor Kuroda - I affirm that the whole Japanese financial system is stable.
• BoJ’s Governor Kuroda - core consumer infla on in Japan is now hovering around 2%.
• Canada will return a repaired turbine to Germany that is needed for the Nord Stream 1 gas pipeline and could help to ensure con nued flows of energy un l Europe can end its
dependency on Russian gas, Canada's minister of natural resources said – Reuters.
• Ukraine's deputy prime minister on Sunday urged civilians in the Russian-occupied southern region of Kherson to urgently evacuate as Ukraine's armed forces were preparing a
counter-a ack there – Reuters.
• Ukrainian President Volodymyr Zelenskiy said on Saturday that he had dismissed several of Kyiv's senior envoys abroad, including the country's outspoken ambassador to Germany –
Reuters.
• South Korea's central bank will deliver its first-ever 50 basis point rate rise to 2.25% on Wednesday, turning up the heat on a rate-hiking campaign as infla on tops a 24-year high and
has yet to peak, a Reuters poll showed on Monday – Reuters.
Key Economic Indicators Ahead
• (0600 GMT/1130 IST) U.S. Prelim Machine Tools Orders, previous 23.7.
• (0800 GMT/1330 IST) Italy Retail Sales, previous 0.00, expected 0.4.
Economic Events Ahead:
• All Day – Eurogroup Mee ngs.
• (1800 GMT/2330 IST) U.S. FOMC member Williams Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.32 pct to 107.35 points.

3. 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
0.6855
R2 S2
0.6874
R3 S3
0.6899
R4
Commentary
S4
0.6924
Buy Above 0.6855
0.6880
0.6832
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6812
0.6785
0.6840
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie starts a new week on a lower note and trading around $0.6830 mark. Today
pair made intraday high at $0.6854 and low at $0.6815 mark. A day chart is down and H1 chart with
triple EMA suggests up trend for the time being. A sustained close above $0.6855 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.6822 will check further
supports.
0.6812
0.6782
0.6750
0.6720
JULY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0190
R2 S2
1.0224
R3 S3
1.0250
R4
Commentary
S4
1.0272
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-
Time Frame: H1
EUR/USD: The euro trades slightly lower on Monday ahead of Eurogroup meetings and hovers
around $1.0150 mark. Today the pair made intraday high at $1.0183 and low at $1.0135 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
$1.0130 on H1 chart will check further supports.
EUR / USD
1.0130
1.0112
1.0091
1.0062
Buy Above 1.0190
1.0228
1.0151
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0120
0.0070
1.0151
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JULY,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2020
R2 S2
1.2055
R3 S3
1.2076
R4
Commentary
S4
1.2099
Buy Above 1.2020
1.2062
1.1980
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1960
1.1915
1.1999
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling moves in narrow range during Asian hours and stabilizes back below $1.20
mark. Today pair made intraday high at $1.2036 and low at $1.1976 mark.Aday chart is down and H1
chart with triple EMA suggests up trend for the time being. A sustained close above $1.2020 on H1
chart will check key resistances. Alternatively, a consistent close below $1.1970 will check further
supports.
USD
1.1965
1.1932
1.1908
1.1882
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JULY,
2022

6. 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
1.2990
R2 S2
1.3022
R3 S3
1.3055
R4
Commentary
S4
1.3070
Buy Above 1.2990
1.3015
1.2962
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2950
1.2920
1.2980
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD erases previous gain against U.S. dollar and jumps back above 1.2950 mark.
Today the pair made intraday high at 1.2981 and low at 1.2940 mark. Today a day chart is up and H1
chart with triple EMA suggests down trend for the time being. A sustained close above 1.2990 on H1
chart requires for the upside rally.Alternatively, a consistent close below 1.2950 on H1 chart will check
key supports too.
USD /CAD
1.2950
1.2921
1.2901
1.2878
JULY,
2022

7. 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
137.30
R2 S2
137.58
R3 S3
137.90
R4
Commentary
S4
138.24
Buy Above 137.30
137.70
136.80
– Take Profit
– Stop Loss
Trade Idea
Sell Below 136.55
136.12
137.00
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen falls extremely on Monday after BoJ Gov Kuroda’s comments on
economy as well Former PM Shinzo Abe shot dead last week. The pair made intraday high at 137.27
and low at 135.94 mark. The JPY hit lowest level since Sept 1998. The triple EMA on a day chart and
H1 chart suggest up trend for the time being.Asustained close above 137.15 on H1 chart requires for
the upside rally. Alternatively, a consistent close below 136.00 on H1 chart will check further key
supports.
USD /JPY
136.50
136.22
135.80
135.55
JULY,
2022

8. 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
1748
R2 S2
1752
R3 S3
1758
R4
Commentary
S4
1764
Buy Above 1748
1755
1741
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1738
1730
1744
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades almost flat on Monday and consolidates around $1,740 mark. Today
the pair made intraday high at $1,744 and low at $1,738 mark. A day chart and H1 chart with triple
EMA suggest bearish trend for the time being. A sustained close above $1,748 on H1 chart requires
for the upside rally. Alternatively, a consistent close below $1,732 on H1 chart will test further
supports. U.S. Economic Calendar will remain empty for the day.
XAU [GOLD]
USD
/
1732
1726
1721
1715
JULY,
2022

9. Thank
you!
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