DAILY ANALYSIS REPORT JULY 12 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
12 July 2022
Daily Analysis Report

2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: DXY con nues to trade higher on Tuesday, Asian stock markets in red, gold back below $1,730 mark
Key Headlines:
• New Zealand Visitor arrivals stand at 34.0 pct vs 89.7 pct previous release.
• U.K. BRC Retail Sales Monitor stands at -1.3 pct vs -1.5 pct previous release.
• Japan PPI stands at 9.3 pct vs 9.3 pct previous release.
• Australia Westpac Consumer Sen ment stands at -3.0 pct vs -4.5 pct previous release.
• Australia NAB Business Confidence stands at 1 vs 6 previous release.
• Sri Lanka's Central Bank governor signalled on Monday he would stay in the job but warned that prolonged poli cal instability in the country may delay progress on nego a ons with
the Interna onal Monetary Fund for a bailout package – Reuters.
• South Korean ba ery maker LG Energy Solu on is set to supply ba eries to Mahindra & Mahindra's first electric sports u lity vehicle (SUV), a source familiar with the ma er said on
Monday – Reuters.
• Elon Musk on Monday mocked Twi er Inc's threat to sue him following his move to abandon the $44 billion takeover deal, twee ng the social media firm would need to disclose
more informa on on bots and spam accounts – Reuters.
• U.S. stock index futures fell on Monday, bracing for the start of the earnings season which could see profits come under pressure at a me of growing fears of an economic downturn
due to aggressive interest rate hikes – Reuters.
• The world's largest crypto exchange, Binance, con nued to process trades by clients in Iran despite U.S. sanc ons and a company ban on doing business there, a Reuters
inves ga on has found – Reuters.
• Sweden's central bank will priori ze bringing down infla on over risks to growth, rate-se ers said in the minutes of its most recent policy mee ng, published on Monday – Reuters.
• Second quarter profits at big U.S. banks are expected to fall sharply from a year earlier on increased loan loss reserves, as the pandemic recovery gives way to a possible recession –
Reuters.
• U.S. consumer credit rose at its slowest pace in four months in May as Americans pulled back on credit card usage, a trend that if sustained, could hamper consumer spending amid
growing recession fears – Reuters.
• The U.S. Securi es and Exchange Commission (SEC) has sought wider disclosures from Ci group Inc related to the hit it expects to take from the Russia-Ukraine conflict, the bank
said in a regulatory filing on Friday – Reuters.
• Hungary's central bank said on Friday that its tax-adjusted core infla on gauge jumped to 13.8% in June from 12.2% year-on-year in May – Reuters.
• The Czech Na onal Bank's foreign exchange reserves declined to 151.3 billion euros by the end of June from a revised 156.4 billion in May, the central bank said on Friday – Reuters.
• Italy will soon start its campaign to administer a second COVID-19 booster to everyone aged over 60, the health minister said on Monday, a er receiving a green light from European
Union health agencies – Reuters.
• Moderna Inc said on Monday it was advancing two Omicron vaccine candidates for the fall, one designed against the BA.1 variant and another against the BA.4 and BA.5 – Reuters.
• The U.S. government will get 3.2 million doses of COVID-19 vaccine developed by Novavax Inc once the shot has been authorized by the regulators, the Department of Health and
Human Services (HHS) and the company said on Monday – Reuters.
• The European Union's popula on shrank for a second year running last year, the bloc's sta s cs office said on Monday, as the region reels from over two million deaths from the
coronavirus – Reuters.
• India is set to surpass China as the world's most populous country in 2023, with each coun ng more than 1.4 billion residents this year, a United Na ons report said on Monday,
warning that high fer lity would challenge economic growth – Reuters.
Key Economic Indicators Ahead
• (0900 GMT/1430 IST) German ZEW Economic Sen ment, previous -28.0, expected -40.6.
• (1000 GMT/1530 IST) U.S. NFIB Small Business Index, previous 93.1, expected 92.6.
Economic Events Ahead:
• All Day – ECOFIN Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.30 pct to 108.35 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
0.6751
R2 S2
0.6776
R3 S3
0.6802
R4
Commentary
S4
0.6826
Buy Above 0.6751
0.6778
0.6721
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6710
0.6675
0.6740
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: TheAussie fee drastically in previous session and hit lowest level since June 2020. Today
also pair trades lower after NAB business confidence data. Today pair made intraday high at $0.6745
and low at $0.6715 mark. A day chart and H1 chart with triple EMA suggest down trend for the time
being. A sustained close above $0.6751 on H1 chart requires for the upside rally. Alternatively, a
consistent close below $0.6712 will check further supports.
0.6712
0.6690
0.6667
0.6640
JULY,
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
1.0050
R2 S2
1.0072
R3 S3
1.0097
R4
Commentary
S4
1.0122
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro falls gradually against U.S. dollar and hits lowest level since Dec 2002. Today the
pair made intraday high at $1.0055 and low at $1.0005 mark. Today triple EMAon a day chart and H1
chart suggest bearish trend for the time being.Aconsistent close above $1.0050 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $0.9990 on H1 chart will check further
supports.
EUR / USD
0.9990
0.9965
0.9947
0.9920
Buy Above 1.0055
1.0096
1.0012
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.9990
0.9947
1.0032
– 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
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
1.1898
R2 S2
1.1926
R3 S3
1.1954
R4
Commentary
S4
1.1978
Buy Above 1.1899
1.1924
1.1868
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1850
1.1801
1.1886
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling weakens on Tuesday and hits lowest level since March 2020 mark. Today
pair made intraday high at $1.1909 and low at $1.1859 mark.Aday chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $1.1898 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.1850 will check further supports.
USD
1.1850
1.1821
1.1802
1.1784
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JULY,
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
1.3030
R2 S2
1.3055
R3 S3
1.3072
R4
Commentary
S4
1.3099
Buy Above 1.3030
1.3060
1.3005
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2990
1.2962
1.3022
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD starts a new day on a lower note and stabilizes above 1.3000 mark. Today the
pair made intraday high at 1.3033 and low at 1.2991 mark. Today a day chart and H1 chart with triple
EMAsuggest bullish trend for the time being.Asustained close above 1.3030 on H1 chart requires for
the upside rally.Alternatively, a consistent close below 1.2990 on H1 chart will check key supports too.
USD /CAD
1.3002
1.2982
1.2965
1.2951
JULY,
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 Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
137.50
R2 S2
137.76
R3 S3
137.90
R4
Commentary
S4
138.26
Buy Above 137.50
137.80
137.11
– Take Profit
– Stop Loss
Trade Idea
Sell Below 136.91
136.60
137.22
– 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 PPI data with flat
numbers and trading around 137.20 mark. The pair made intraday high at 137.44 and low at 137.02
mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained
close above 137.50 on H1 chart requires for the upside rally. Alternatively, a consistent close below
137.02 on H1 chart will check further key supports.
USD /JPY
137.02
136.78
136.42
136.12
JULY,
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
1738
R2 S2
1742
R3 S3
1748
R4
Commentary
S4
1754
Buy Above 1738
1745
1732
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1724
1715
1732
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained extremely volatile in opening hours and currently slips below
$1,730 mark. Today the pair made intraday high at $1,744 and low at $1,723 mark.Aday chart and H1
chart with triple EMA suggest bearish trend for the time being. A sustained close above $1,738 on H1
chart requires for the upside rally. Alternatively, a consistent close below $1,726 on H1 chart will test
further supports. U.S. Economic Calendar will remain empty for the day.
XAU [GOLD]
USD
/
1726
1721
1715
1708
JULY,
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