DAILY ANALYSIS REPORT JULY 04 2022

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04 July 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar trades in narrow range against major peers as U.S. banks will be closed in observance of Independence Day, Asian stock markets in red, gold hovers around $1,812
mark
Key Headlines:
• U.S. banks will be closed in observance of Independence Day.
• Japan Monetary Base stands at 3.9 pct vs 4.6 pct previous release.
• Australia MI Infla on Gauge stands at 0.3 pct vs 1.1 pct previous release.
• Australia Building Approvals stand at 9.9 pct vs -3.9 pct previous release.
• Prime Minister Jacinda Ardern starts a trade mission in Melbourne today before talks with her Australian counterpart. Ardern was in Sydney just a few weeks ago to meet the newly
elected Prime Minister Anthony Albanese – rnz.co.nz.
• Australia will provide 34 addi onal armoured vehicles to Ukraine and prohibit Russian gold imports, Australian Prime Minister Anthony Albanese said in Kyiv on Sunday –
brecorder.com.
• Ukraine Loses Its Final Eastern Stronghold in Luhansk Region – BNN Bloomberg.
• Mainland China reported 268 new COVID-19 cases for July 1, of which 72 were symptoma c and 196 were asymptoma c, the Na onal Health Commission said on Saturday –
Reuters.
• Pa ents with monkeypox in the UK have no ceably different symptoms from those seen in previous outbreaks, according to researchers in London, raising concerns cases are being
missed – Reuters.
• Coronavirus vaccines tweaked to include the Omicron variant strain can improve protec on when used as a booster, the European Medicines Agency and other global health
regulators said on Friday – Reuters.
• Novavax Inc said on Friday it expects to provide a COVID-19 vaccine targe ng Omicron in the fourth quarter as it accelerates development of shots to protect against the BA.4 and
BA.5 sub variants – Reuters.
• The U.S. government has ordered 2.5 million more doses of Bavarian Nordic's vaccine for use against monkeypox outbreaks, the Department of Health and Human Services said on
Friday – Reuters.
• The credit ra ng agency Moody's on Thursday downgraded Commerzbank by a notch and said the outlook was stable – Reuters.
• Singapore's financial regulator has accused emba led crypto hedge fund Three Arrows Capital of exceeding its assets threshold and providing false informa on – Reuters.
• Intercon nental Exchange said on Thursday it would stop clearing credit default swaps in London next year and shi the ac vity to Chicago, helping to shield itself from any rupture
from the European Union – Reuters.
• U.S. investors turned net sellers of equity funds in the week ended June 29, as they fre ed over the impact of he y rate increases on the U.S. economy, with data showing a
contrac on in the first quarter – Reuters.
• Moscow Exchange, Russia's largest bourse, on Friday said it planned a legal challenge against European Union sanc ons on the Na onal Se lement Depository (NSD) and would seek
to protect the interests of Russian investors – Reuters.
• Global factory growth stalled in June as higher prices and a darker economic outlook le consumers wary of making purchases while China's strict COVID-19 lockdowns and Russia's
invasion of Ukraine added to supply chain disrup ons, surveys showed – Reuters.
Key Economic Indicators Ahead
• (0600 GMT/1130 IST) German Trade Balance, previous 3.5B, expected 4.2B.
• (0630 GMT/1200 IST) Swiss CPI, previous 0.7, expected 0.3.
• (7000 GMT/1230 IST) Spain Unemployment Change, previous -99.5K, expected -41.3K.
• (0830 GMT/1400 IST) Euro Sen x Investor Confidence, previous -15.8, expected -20.0.
• (0900 GMT/1430 IST) Euro PPI, previous 1.2, expected 1.0.
• (1330 GMT/1900 IST) Canada Manufacturing PMI, previous 56.8.
Economic Events Ahead:
• (1430 GMT/2000 IST) Canada BoC Business Outlook Survey.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.08% to 105.05 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
0.6832
R2 S2
0.6876
R3 S3
0.6900
R4
Commentary
S4
0.6922
Buy Above 0.6830
0.6857
0.6805
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6790
0.6760
0.6820
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie remains slightly volatile during early Asian hours but Australia’s strong
Building approval data failed to lift the Aussie against U.S. dollar. Today pair made intraday high at
$0.6828 and low at $0.6793 mark. A day chart and H1 chart with triple EMA suggest bearish trend for
the time being. A sustained close above $0.6832 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $0.6790 will check further supports.
0.6790
0.6765
0.6750
0.6721
JULY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0450
R2 S2
1.0476
R3 S3
1.0499
R4
Commentary
S4
1.0522
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-
Time Frame: H1
EUR/USD: The euro starts a new week on a flat note ahead of German Trade balance and Euro
Zone’s PPI data. Today the pair made intraday high at $1.0444 and low at $1.0416 mark. Today triple
EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above
$1.0450 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0415 on
H1 chart will check further supports.
EUR / USD
1.0415
1.0400
1.0378
1.0350
Buy Above 1.0450
1.0472
1.0422
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0430
1.0402
1.0462
– 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
1.2112
R2 S2
1.2150
R3 S3
1.2176
R4
Commentary
S4
1.2194
Buy Above 1.2112
1.2140
1.2086
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2072
1.2038
1.2101
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling remains almost unchanged from the previous close and stabilizes below
$1.2100 mark. Today pair made intraday high at $1.2122 and low at $1.2084 mark. A day chart and
H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2112 on
H1 chart will check key resistances.Alternatively, a consistent close below $1.2070 will check further
supports. U.K.’s Economic calendar will remain empty for the day.
USD
1.2070
1.2038
1.2020
1.2002
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
1.2915
R2 S2
1.2955
R3 S3
1.2970
R4
Commentary
S4
1.3001
Buy Above 1.2915
1.2950
1.2891
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2871
1.2840
1.2900
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD trades marginally lower on Monday ahead of Canada’s Business outlook survey
data and hovers around 1.2900 mark. Today the pair made intraday high at 1.2903 and low at 1.2874
mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A
sustained close above 1.2915 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 1.2878 on H1 chart will check key supports too.
USD /CAD
1.2878
1.2855
1.2830
1.2804
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
135.30
R2 S2
135.55
R3 S3
135.76
R4
Commentary
S4
135.98
Buy Above 135.30
135.70
135.03
– Take Profit
– Stop Loss
Trade Idea
Sell Below 134.72
134.40
135.03
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen starts a new week on a flat note and hovers around 135.00 mark. The
pair made intraday high at 135.14 and low at 134.78 mark. The triple EMAon a day chart is up and H1
chart suggests bearish trend for the time being.Asustained close above 135.30 on H1 chart requires
for the upside rally. Alternatively, a consistent close below 134.72 on H1 chart will check further key
supports.
USD /JPY
134.72
134.30
134.12
134.00
JULY,
2022

8. 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
1818
R2 S2
1822
R3 S3
1828
R4
Commentary
S4
1832
Buy Above 1818
1824
1811
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1808
1802
1814
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold starts a new week on a positive note and remains well supported above
$1,800 mark. U.S. banks will be closed in observance of Independence Day. Today the pair made
intraday high at $1,814 and low at $1,805 mark. A day chart is down and H1 chart with triple EMA
suggests up trend for the time being. A sustained close above $1,818 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,808 on H1 chart will test further supports.
XAU [GOLD]
USD
/
1804
1799
1794
1789
JULY,
2022

9. Thank
you!
Info@tpglobalfx.com
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