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DAILY ANALYSIS REPORT AUGUST 23 2022

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+1 7754 366 970
analysis@tpglobalfx.com
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23 August 2022
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: DXY hits fresh 6 – week high at 109.13 mark, Asian stock markets in...
AUD / USD
BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Ab...
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DAILY ANALYSIS REPORT AUGUST 23 2022

  1. 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 23 August 2022 Daily Analysis Report
  2. 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: DXY hits fresh 6 – week high at 109.13 mark, Asian stock markets in red, gold stabilizes below $1,740 mark Key Headlines: • Australia Flash Manufacturing PMI stands at 54.5 vs 55.7 previous release. • Australia Flash Services PMI stands at 49.6 vs 50.9 previous release. • Japan Flash Manufacturing PMI stands at 51.0 vs 52.1 previous release. • Wall Street ended sharply lower on Monday as investors fre ed about a U.S. Federal Reserve gathering later this week in Jackson Hole, Wyoming, that is expected to reinforce a strong commitment by the central bank to stamp out infla on – Reuters. • Oil prices bounced off session lows to trade nearly flat in a vola le session on Monday as markets weighed Saudi Arabia's warning that OPEC+ produc on could cut output against the possibility of a nuclear deal that could return sanc oned Iranian oil to the market – Reuters. • Wall Street futures fell on Monday, se ng all three major U.S. stock indexes for a dour start to the week, as investors worried about hawkish signals from Federal Reserve policymakers in the face of slowing economic growth – Reuters. • Ukraine's agricultural exports are likely to rise to about 4 million tonnes in August, from 3 million tonnes in July, thanks to the U.N.-brokered deal that unblocked Ukrainian sea ports, a deputy chair of the Ukrainian Agrarian Council said on Monday – Reuters. • The small factories in the western Japanese city of Higashiosaka for decades fuelled the thundering rise of the country's biggest brands - but a weak yen and rising costs have accelerated a slow decline, and are reshaping the industrial heartland – Reuters. • Broker Marsh, a unit of Marsh & McLennan , said on Monday it was launching the world's first dedicated insurance for hydrogen energy projects, as the nascent industry looks to scale up quickly in the fight against climate change – Reuters. • The Indian rupee was trading lower versus the dollar on Monday as China's yuan led a broader decline in Asian currencies on concerns over the Federal Reserve's rate hike path – Reuters. • Spanish health authori es on Monday approved a new monkeypox vaccina on strategy, allowing more people to get vaccinated with smaller doses amid scarce supplies, the health ministry said in a statement – Reuters. • The U.S. Centers for Disease Control and Preven on (CDC) on Monday signed off on the use of Novavax Inc's COVID-19 vaccine for adolescents aged 12 through 17 – Reuters. • Japan is considering ending its pre-arrival COVID-19 tes ng for inbound travellers who are already vaccinated, Nikkei reported late on Monday – Reuters. • Mexico will file a complaint over the failure to deliver the country vaccines against COVID-19 that were purchased under a U.N.-backed scheme, President Andres Manuel Lopez Obrador said on Monday – Reuters. • Pfizer Inc and German partner BioNTech said on Monday they had sought U.S. authoriza on for a COVID-19 vaccine booster retooled to target the Omicron variant, and would have doses available to ship immediately a er regulatory clearance – Reuters. • Moderna Inc will supply 12 million doses of its COVID-19 shot adapted to target the Omicron variant of the coronavirus to Canada, the company said on Monday – Reuters. Key Economic Indicators Ahead: • (0715 GMT/1245 IST) France Flash Services PMI, previous 53.2, expected 52.9. • (0715 GMT/1245 IST) France Flash Manufacturing PMI, previous 49.5, expected 49.0. • (0730 GMT/1300 IST) German Flash Services PMI, previous 49.7, expected 49.0. • (0730 GMT/1300 IST) German Flash Manufacturing PMI, previous 49.3, expected 48.0. • (0800 GMT/1330 IST) Euro Flash Services PMI, previous 51.2, expected 50.5. • (0800 GMT/1330 IST) Euro Flash Manufacturing PMI, previous 49.8, expected 48.9. • (0830 GMT/1400 IST) U.K. Flash Services PMI, previous 52.6, expected 51.5. • (0830 GMT/1400 IST) U.K. Flash Manufacturing PMI, previous 52.1, expected 51.0. • (1000 GMT/1530 IST) U.K. CBI Industrial Order expecta ons, previous 8, expected 2. • (1345 GMT/1915 IST) U.S. Flash Services PMI, previous 47.3, expected 49.8. • (1345 GMT/1915 IST) U.S. Flash Manufacturing PMI, previous 52.2, expected 51.8. • (1400 GMT/1930 IST) Euro Consumer Confidence, previous -27, expected -28. • (1400 GMT/1930 IST) U.S. New Home Sales, previous 590K, expected 574K. • (1400 GMT/1930 IST) U.S. Richmond Manufacturing Index, previous 0, expected -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 0.14 pct to 108.90 points.
  3. 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 Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 0.6912 R2 S2 0.6930 R3 S3 0.6954 R4 Commentary S4 0.6976 Buy Above 0.6915 0.6952 0.6881 – Take Profit – Stop Loss Trade Idea Sell Below 0.6860 0.6830 0.6899 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie trades marginally higher on Tuesday as Australia came up the flash PMI data as per expectations only. Today pair made intraday high at $0.6899 and low at $0.6872 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.6912 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6862 will check further supports. 0.6862 0.6840 0.6812 0.6782 AUGUST, 2022
  4. 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 0.9972 R2 S2 0.9999 R3 S3 1.0022 R4 Commentary S4 1.0052 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro weakened sharply in previous session and currently starts a new day on a flat note at $0.9940 mark. Today the pair made intraday high at $0.9950 and low at $0.9930 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $0.9972 on H1 chart requires for the upside rally. Alternatively, a sustained close below $0.9927 on H1 chart will check further supports. EUR / USD 0.9927 0.9898 0.9865 0.9842 Buy Above 0.9960 0.9996 0.9930 – Take Profit – Stop Loss Trade Idea Sell Below 0.9921 0.9889 0.9952 – 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. 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 1.1790 R2 S2 1.1826 R3 S3 1.1854 R4 Commentary S4 1.1878 Buy Above 1.1790 1.1830 1.1760 – Take Profit – Stop Loss Trade Idea Sell Below 1.1752 1.1712 1.1782 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The sterling moves in rigid boundaries ahead of U.K.’s Flash PMI data scheduled at 0830 GMT. Today pair made intraday high at $1.1785 and low at $1.1756 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.1790 on H1 chart will check key resistances. Alternatively, a consistent close below $1.1749 will check further supports. USD 1.1749 1.1721 1.1702 1.1681 GBP/ Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 AUGUST, 2022
  6. 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 1.3062 R2 S2 1.3090 R3 S3 1.3118 R4 Commentary S4 1.3140 Buy Above 1.3052 1.3090 1.3021 – Take Profit – Stop Loss Trade Idea Sell Below 1.3010 1.2981 1.3040 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The CAD recovers slightly from previous losses and stabilizes below 1.3050 mark. Today the pair made intraday high at 1.3057 and low at 1.3024 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.3050 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.3010 on H1 chart will check key supports too. USD /CAD 1.3010 1.2980 1.2950 1.2922 AUGUST, 2022
  7. 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 Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 137.72 R2 S2 137.98 R3 S3 138.22 R4 Commentary S4 138.50 Buy Above 137.52 137.90 137.21 – Take Profit – Stop Loss Trade Idea Sell Below 136.91 136.56 137.21 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen remains almost unchanged as Japan released Flash PMI data with flat numbers. The pair made intraday high at 137.70 and low at 137.08 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 137.57 on H1 chart requires for the upside rally.Alternatively, a consistent close below 137.00 on H1 chart will check further key supports. USD /JPY 137.00 136.80 136.52 136.18 AUGUST, 2022
  8. 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 1742 R2 S2 1749 R3 S3 1754 R4 Commentary S4 1760 Buy Above 1742 1749 1736 – Take Profit – Stop Loss Trade Idea Sell Below 1732 1725 1738 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold trades in narrow range ahead of U.S. Flash PMI data and stabilizes below $1,740 mark. Today the pair made intraday high at $1,740 and low at $1,734 mark. Today a day chart and H1 chart with triple EMAsuggest bearish trend for the time being.Asustained close above $1,742 on H1 chart requires for the upside rally.Alternatively, a consistent close below $1,728 on H1 chart will test further supports. U.S. Flash PMI data and Richmond manufacturing Index data will remain in focus. XAU [GOLD] USD / 1728 1721 1716 1711 AUGUST, 2022
  9. 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

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