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16 August 2022
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie remains vola le in early Asia a er RBA’s Monetary Policy Mee ng Minutes, Asian stock markets in green, gold hovers around $1,780 mark
Key Headlines:
• U.S. TIC Long Term Purchases stands at 131.8B vs 155.3B previous release.
• RBA (Reserve Bank of Australia) minutes - Members noted that infla on was expected to peak later in 2022.
• RBA Minutes - Infla on Will Then Decline Back to the Top of the 2 to 3 per cent Target Range by the End of 2024.
• RBA Minutes - Members Agreed It Was Appropriate to Con nue the Process of Normalising Monetary Condi ons.
• RBA Minutes - Increase in interest rates over recent months has been required to bring infla on back to target.
• RBA Minutes - Household spending behavior a key source of uncertainty.
• Sight deposits held by the Swiss Na onal Bank increased by 1.7 billion Swiss francs ($1.80 billion) last week, data showed on Monday, indica ng the central bank could be
intervening in the market to slow the franc's surge in value – Reuters.
• Westpac Banking Corp , Australia's third-largest mortgage lender, said on Monday its bad debt fell to a mul -year low in the June quarter, se ng up a financial buffer as the
country's housing market enters a downturn – Reuters.
• Asian markets struggled for direc on on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies –
Reuters.
• Ukraine called for new sanc ons on Russia and highlighted the risks and consequences of a catastrophe at Europe's biggest nuclear plant, where fresh shelling nearby has reignited a
blame game between both sides – Reuters.
• The United States, South Korea and Japan par cipated in a ballis c missile defense exercise off Hawaii's coast last week, the Pentagon said on Tuesday, reviving combined drills with
an eye on North Korea as well as China – Reuters.
• Chinese air force footage of Taiwan's Penghu islands is informa on warfare, a senior Taiwanese officer said on Tuesday – Reuters.
• China has sanc oned seven Taiwanese officials for suppor ng Taiwan independence, its state media reported on Tuesday – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) U.K. Claimant Count Change, previous -20.0K, expected 32.0K.
• (0600 GMT/1130 IST) U.K. Average Earnings Index, previous 6.2, expected 4.7.
• (0600 GMT/1130 IST) U.K. Unemployment Rate, previous 3.8, expected 3.8.
• (0900 GMT/1430 IST) Euro Trade Balance, previous -26.0B, expected -20.0B.
• (0900 GMT/1430 IST) Euro ZEW Economic Sen ment, previous -51.1, expected -57.8.
• (0900 GMT/1430 IST) German ZEW Economic Sen ment, previous -53.8, expected -59.9.
• (1215 GMT/1745 IST) Canada Housing Starts, previous 274K, expected 265K.
• (1230 GMT/1800 IST) Canada CPI m/m, previous 0.7.
• (1230 GMT/1800 IST) Canada Common CPI, previous 4.6.
• (1230 GMT/1800 IST) Canada Common CPI, previous 4.9.
• (1230 GMT/1800 IST) Canada Trimmed CPI, previous 5.5.
• (1230 GMT/1800 IST) Canada Core CPI, previous 0.3.
• (1230 GMT/1800 IST) Canada Building Permits, previous 1.70M, expected 1.65M.
• (1230 GMT/1800 IST) Canada Housing Starts, previous 1.56M, expected 1.35M.
• (1315 GMT/1845 IST) U.S. Capacity U liza on Rate, previous 80.0, expected 80.2.
• (1315 GMT/1845 IST) U.S. Industrial Produc on, previous -0.2, expected 0.3.
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 0.06 pct to 106.49 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
0.7040
R2 S2
0.7062
R3 S3
0.7090
R4
Commentary
S4
0.7115
Buy Above 0.7040
0.7072
0.7010
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7002
0.6972
0.7030
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie remains volatile on Tuesday after RBA’s Monetary Policy Meeting Minutes
and currently trading around $0.7020 mark. Today pair made intraday high at $0.7038 and low at
$0.7000 mark.Aday chart is up and H1 chart with triple EMAsuggests down trend for the time being.A
sustained close above $0.7040 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $0.7002 will check further supports.
0.7002
0.6980
0.6955
0.6930
AUGUST,
2022
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0178
R2 S2
1.0199
R3 S3
1.0224
R4
Commentary
S4
1.0250
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro exhibits range bound movement and consolidates around $1.0160 mark. Today
the pair made intraday high at $1.0169 and low at $1.0147 mark. Today triple EMAon a day chart and
H1 chart suggest bearish trend for the time being. A consistent close above $1.0178 on H1 chart
requires for the upside rally. Alternatively, a sustained close below $1.0150 on H1 chart will check
further supports.
EUR / USD
1.0150
1.0122
1.0100
1.0076
Buy Above 1.0178
1.0212
1.0148
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0140
1.0105
1.0165
– 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
1.2072
R2 S2
1.2099
R3 S3
1.2122
R4
Commentary
S4
1.2150
Buy Above 1.2070
1.2099
1.2040
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2032
1.2005
1.2062
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling trades almost flat on Tuesday ahead of U.K.s Jobless Claims data and
hovers around $1.2050 mark. Today pair made intraday high at $1.2060 and low at $1.2035 mark. A
day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close
above $1.2070 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.2030 will check further supports.
USD
1.2030
1.2002
1.1976
1.1940
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
1.2930
R2 S2
1.2955
R3 S3
1.2972
R4
Commentary
S4
1.2999
Buy Above 1.2920
1.2952
1.2890
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2882
1.2850
1.2912
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD spiked down sharply in previous session and trading around 1.2900 mark.
Today the pair made intraday high at 1.2921 and low at 1.2892 mark. Today a day chart is down and
H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2930 on H1
chart requires for the upside rally.Alternatively, a consistent close below 1.2870 on H1 chart will check
key supports too.
USD /CAD
1.2870
1.2838
1.2812
1.2790
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
133.50
R2 S2
133.76
R3 S3
133.90
R4
Commentary
S4
134.12
Buy Above 133.52
133.80
133.21
– Take Profit
– Stop Loss
Trade Idea
Sell Below 133.10
132.72
133.50
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades almost flat on Tuesday and hovers around 133.30 mark. The pair
made intraday high at 133.48 and low at 132.94mark. The triple EMA on a day chart and H1 chart
suggest down trend for the time being. A sustained close above 133.51 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 132.90 on H1 chart will check further key supports.
USD /JPY
132.90
132.72
132.50
132.22
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
1787
R2 S2
1792
R3 S3
1798
R4
Commentary
S4
1804
Buy Above 1784
1790
1778
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1776
1770
1782
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold failed to fall below $1,772 mark and currently trading around $1,780 mark.
Today the pair made intraday high at $1,783 and low at $1,776 mark. Today a day chart and H1 chart
with triple EMA suggest down trend for the time being. A sustained close above $1,787 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,772 on H1 chart will test further
supports. Later today U.S. Building Permits, Industrial Production and housing data will remain in
focus.
XAU [GOLD]
USD
/
1772
1767
1762
1756
AUGUST,
2022
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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/tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx
that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently,
investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such
trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading,
to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this
website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your
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DAILY ANALYSIS REPORT AUGUST 16 2022

  • 1. +1 7754 366 970 analysis@tpglobalfx.com R E P O R T F R O M : T P G LO B A L F X 16 August 2022 Daily Analysis Report
  • 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Aussie remains vola le in early Asia a er RBA’s Monetary Policy Mee ng Minutes, Asian stock markets in green, gold hovers around $1,780 mark Key Headlines: • U.S. TIC Long Term Purchases stands at 131.8B vs 155.3B previous release. • RBA (Reserve Bank of Australia) minutes - Members noted that infla on was expected to peak later in 2022. • RBA Minutes - Infla on Will Then Decline Back to the Top of the 2 to 3 per cent Target Range by the End of 2024. • RBA Minutes - Members Agreed It Was Appropriate to Con nue the Process of Normalising Monetary Condi ons. • RBA Minutes - Increase in interest rates over recent months has been required to bring infla on back to target. • RBA Minutes - Household spending behavior a key source of uncertainty. • Sight deposits held by the Swiss Na onal Bank increased by 1.7 billion Swiss francs ($1.80 billion) last week, data showed on Monday, indica ng the central bank could be intervening in the market to slow the franc's surge in value – Reuters. • Westpac Banking Corp , Australia's third-largest mortgage lender, said on Monday its bad debt fell to a mul -year low in the June quarter, se ng up a financial buffer as the country's housing market enters a downturn – Reuters. • Asian markets struggled for direc on on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies – Reuters. • Ukraine called for new sanc ons on Russia and highlighted the risks and consequences of a catastrophe at Europe's biggest nuclear plant, where fresh shelling nearby has reignited a blame game between both sides – Reuters. • The United States, South Korea and Japan par cipated in a ballis c missile defense exercise off Hawaii's coast last week, the Pentagon said on Tuesday, reviving combined drills with an eye on North Korea as well as China – Reuters. • Chinese air force footage of Taiwan's Penghu islands is informa on warfare, a senior Taiwanese officer said on Tuesday – Reuters. • China has sanc oned seven Taiwanese officials for suppor ng Taiwan independence, its state media reported on Tuesday – Reuters. Key Economic Indicators Ahead: • (0600 GMT/1130 IST) U.K. Claimant Count Change, previous -20.0K, expected 32.0K. • (0600 GMT/1130 IST) U.K. Average Earnings Index, previous 6.2, expected 4.7. • (0600 GMT/1130 IST) U.K. Unemployment Rate, previous 3.8, expected 3.8. • (0900 GMT/1430 IST) Euro Trade Balance, previous -26.0B, expected -20.0B. • (0900 GMT/1430 IST) Euro ZEW Economic Sen ment, previous -51.1, expected -57.8. • (0900 GMT/1430 IST) German ZEW Economic Sen ment, previous -53.8, expected -59.9. • (1215 GMT/1745 IST) Canada Housing Starts, previous 274K, expected 265K. • (1230 GMT/1800 IST) Canada CPI m/m, previous 0.7. • (1230 GMT/1800 IST) Canada Common CPI, previous 4.6. • (1230 GMT/1800 IST) Canada Common CPI, previous 4.9. • (1230 GMT/1800 IST) Canada Trimmed CPI, previous 5.5. • (1230 GMT/1800 IST) Canada Core CPI, previous 0.3. • (1230 GMT/1800 IST) Canada Building Permits, previous 1.70M, expected 1.65M. • (1230 GMT/1800 IST) Canada Housing Starts, previous 1.56M, expected 1.35M. • (1315 GMT/1845 IST) U.S. Capacity U liza on Rate, previous 80.0, expected 80.2. • (1315 GMT/1845 IST) U.S. Industrial Produc on, previous -0.2, expected 0.3. 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 0.06 pct to 106.49 points.
  • 3. AUD / USD BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 0.7040 R2 S2 0.7062 R3 S3 0.7090 R4 Commentary S4 0.7115 Buy Above 0.7040 0.7072 0.7010 – Take Profit – Stop Loss Trade Idea Sell Below 0.7002 0.6972 0.7030 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie remains volatile on Tuesday after RBA’s Monetary Policy Meeting Minutes and currently trading around $0.7020 mark. Today pair made intraday high at $0.7038 and low at $0.7000 mark.Aday chart is up and H1 chart with triple EMAsuggests down trend for the time being.A sustained close above $0.7040 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7002 will check further supports. 0.7002 0.6980 0.6955 0.6930 AUGUST, 2022
  • 4. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.0178 R2 S2 1.0199 R3 S3 1.0224 R4 Commentary S4 1.0250 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro exhibits range bound movement and consolidates around $1.0160 mark. Today the pair made intraday high at $1.0169 and low at $1.0147 mark. Today triple EMAon a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0178 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0150 on H1 chart will check further supports. EUR / USD 1.0150 1.0122 1.0100 1.0076 Buy Above 1.0178 1.0212 1.0148 – Take Profit – Stop Loss Trade Idea Sell Below 1.0140 1.0105 1.0165 – Take Profit – Stop Loss Trade Idea Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 AUGUST, 2022
  • 5. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.2072 R2 S2 1.2099 R3 S3 1.2122 R4 Commentary S4 1.2150 Buy Above 1.2070 1.2099 1.2040 – Take Profit – Stop Loss Trade Idea Sell Below 1.2032 1.2005 1.2062 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The sterling trades almost flat on Tuesday ahead of U.K.s Jobless Claims data and hovers around $1.2050 mark. Today pair made intraday high at $1.2060 and low at $1.2035 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.2070 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2030 will check further supports. USD 1.2030 1.2002 1.1976 1.1940 GBP/ Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 AUGUST, 2022
  • 6. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 1.2930 R2 S2 1.2955 R3 S3 1.2972 R4 Commentary S4 1.2999 Buy Above 1.2920 1.2952 1.2890 – Take Profit – Stop Loss Trade Idea Sell Below 1.2882 1.2850 1.2912 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The CAD spiked down sharply in previous session and trading around 1.2900 mark. Today the pair made intraday high at 1.2921 and low at 1.2892 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above 1.2930 on H1 chart requires for the upside rally.Alternatively, a consistent close below 1.2870 on H1 chart will check key supports too. USD /CAD 1.2870 1.2838 1.2812 1.2790 AUGUST, 2022
  • 7. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 133.50 R2 S2 133.76 R3 S3 133.90 R4 Commentary S4 134.12 Buy Above 133.52 133.80 133.21 – Take Profit – Stop Loss Trade Idea Sell Below 133.10 132.72 133.50 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen trades almost flat on Tuesday and hovers around 133.30 mark. The pair made intraday high at 133.48 and low at 132.94mark. The triple EMA on a day chart and H1 chart suggest down trend for the time being. A sustained close above 133.51 on H1 chart requires for the upside rally.Alternatively, a consistent close below 132.90 on H1 chart will check further key supports. USD /JPY 132.90 132.72 132.50 132.22 AUGUST, 2022
  • 8. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 1787 R2 S2 1792 R3 S3 1798 R4 Commentary S4 1804 Buy Above 1784 1790 1778 – Take Profit – Stop Loss Trade Idea Sell Below 1776 1770 1782 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold failed to fall below $1,772 mark and currently trading around $1,780 mark. Today the pair made intraday high at $1,783 and low at $1,776 mark. Today a day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,787 on H1 chart requires for the upside rally.Alternatively, a consistent close below $1,772 on H1 chart will test further supports. Later today U.S. Building Permits, Industrial Production and housing data will remain in focus. XAU [GOLD] USD / 1772 1767 1762 1756 AUGUST, 2022
  • 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com R E P O R T F R O M : T P G L O B A L F X /tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia. Disclamer: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note