DAILY ANALYSIS REPORT JULY 26 2022

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26 July 2022
Daily Analysis Report

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Asian Bulle n: U.S. dollar remains cau ous ahead of FOMC Mee ng due tomorrow, most Asian stock markets in green, gold hovers around $1,722 mark
Key Headlines:
• U.S. stock index futures edged higher on Monday as markets braced for a Federal Reserve policy mee ng during the week and earning reports from some of the biggest companies
to gauge the impact of a strong dollar and soaring infla on – Reuters.
• Diesel drivers in Europe, already contending with record high prices, are in for even more pain at the pumps compared with those who rely on gasoline – Reuters.
• Barclays Bank has published terms to repurchase up to $17.6 billion of securi es sold in breach of U.S. regula ons, offering investors a premium above face value, to resolve an error
that has blighted its CEO's first year in office – Reuters.
• Miner Newmont Corp on Monday reported a drop of about 41% in second-quarter adjusted profit hurt by lower gold prices – Reuters.
• The Bank of Japan's two new policymakers said on Monday the central bank needs an exit strategy from its massive s mulus, a sign the board's balance could lt in favour of a
withdrawal of Governor Haruhiko Kuroda's radical monetary easing – Reuters.
• Individuals or en es who are sanc oned by Britain can make payments to insurers from a frozen bank account, the Bri sh sanc ons office said on Friday – Reuters.
• The Biden administra on is weighing whether to declare the monkeypox outbreak in the country a public health emergency, the Washington Post reported on Monday – Reuters.
• About 1700 people had been infected with monkeypox in France, Health Minister Francois Braun said on Monday – Reuters.
• A federal appeals court on Monday rejected Pfizer Inc's challenge to a U.S. an -kickback law the drugmaker said prevented it from helping heart failure pa ents, many with low
incomes, afford medicine that cost $225,000 per year – Reuters.
• The European Union received a largely favourable ruling in its trade dispute with Turkey on Monday in the first appeal se led by arbitra on to circumvent problems at the World
Trade Organiza on (WTO) – Reuters.
• EU member states should start preparing now for a new wave of the COVID-19 pandemic in autumn and winter, the bloc's health chief said on Monday, saying there had been a
"worrying increase" in outbreaks – Reuters.
• New Zealand Prime Minister Jacinda Ardern said on Monday that there were early signs that new COVID-19 cases were falling, even as hospitalisa ons jumped to their highest level
since March – Reuters.
• Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have supported Ukraine, just as there were hopes that economic pressures could ease a er
Russia agreed to let Ukraine export grain from Black Sea ports – Reuters.
• Oil rose on Tuesday on expecta ons Russia's reduc on in natural gas supply to Europe could encourage a switch to crude, though concerns over weakening fuel demand because of
an expected increase in U.S. interest rates limited gains – Reuters.
Key Economic Indicators Ahead
• (11000 GMT/1630 IST) U.K. CPI Realized Sales, previous -5, expected -10.
• (1300 GMT/1830 IST) U.S. HPI, previous 1.6, expected 1.5.
• (1400 GMT/1930 IST) U.S. Richmond Manufacturing Index, previous -11, expected -13.
• (1400 GMT/1930 IST) U.S. New Home Sales, previous 696K, expected 663K.
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 0.12 pct to 106.34 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
0.6984
R2 S2
0.7012
R3 S3
0.7030
R4
Commentary
S4
0.7055
Buy Above 0.6981
0.7022
0.6950
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6941
0.6912
0.6976
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD:TheAussie remains volatile in earlyAsia and remains well supported below $0.6980 mark.
Today pair made intraday high at $0.6983 and low at $0.6948 mark.Aday chart is down and H1 chart
with triple EMAsuggests bullish trend for the time being.Asustained close above $0.6980 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.6940 will check further
supports.Australia’s economic calendar will remain empty for the day.
0.6940
0.6921
0.6890
0.6872
JULY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0240
R2 S2
1.0265
R3 S3
1.0290
R4
Commentary
S4
1.0315
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-
Time Frame: H1
EUR/USD: The euro remains almost unchanged on Tuesday and consolidates around $1.0230 mark.
Today the pair made intraday high at $1.0250 and low at $1.0214 mark. Today triple EMA on a day
chart is down and H1 chart suggests up trend for the time being.Aconsistent close above $1.0240 on
H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0212 on H1 chart will
check further supports.
EUR / USD
1.0212
1.0178
1.0155
1.0130
Buy Above 1.0251
1.0282
1.0222
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0210
1.0172
1.0240
– 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
1.2090
R2 S2
1.2122
R3 S3
1.2150
R4
Commentary
S4
1.2178
Buy Above 1.2090
1.2122
1.2060
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2040
1.2008
1.2076
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling trades marginally higher on Tuesday ahead of CBI realized sales data and
stabilizes above $1.2050 mark. Today pair made intraday high at $1.2090 and low at $1.2035 mark.A
day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained
close above $1.2082 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.2040 will check further supports.
USD
1.2040
1.2015
1.2002
1.1982
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JULY,
2022

6. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26 Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2852
R2 S2
1.2876
R3 S3
1.2899
R4
Commentary
S4
1.2924
Buy Above 1.2870
1.2901
1.2840
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2821
1.2787
1.2855
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD moves in rigid boundaries on Tuesday and trading around 1.2840 mark. Today
the pair made intraday high at 1.2854 and low at 1.2824 mark. Today a day chart is up and H1 chart
with triple EMA suggests down trend for the time being. A sustained close above 1.2852 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2822 on H1 chart will check key
supports too.
USD /CAD
1.2822
1.2802
1.2784
1.2761
JULY,
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
136.72
R2 S2
136.96
R3 S3
137.22
R4
Commentary
S4
137.50
Buy Above 136.72
136.99
136.30
– Take Profit
– Stop Loss
Trade Idea
Sell Below 136.22
135.89
136.57
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen trades almost flat on Tuesday and hovers around 136.50 mark. The pair
made intraday high at 136.67 and low at 136.27 mark.The triple EMAon a day chart is up and H1 chart
suggests down trend for the time being. A sustained close above 136.72 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 136.30 on H1 chart will check further key supports.
USD /JPY
136.22
135.87
135.65
135.40
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
1728
R2 S2
1732
R3 S3
1738
R4
Commentary
S4
1742
Buy Above 1728
1735
1722
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1716
1709
1722
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remains slightly volatile on Tuesday and remains well supported above
$1,718 mark ahead of Richmond Manufacturing Index data. Today the pair made intraday high at
$1,728 and low at $1,718 mark. Today a day chart is down and H1 chart with triple EMA suggests up
trend for the time being. A sustained close above $1,728 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $1,718 on H1 chart will test further supports.
XAU [GOLD]
USD
/
1718
1712
1708
1702
JULY,
2022

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you!
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