DAILY ANALYSIS REPORT JULY 15 2022

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15 July 2022
Daily Analysis Report

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Asian Bulle n: Japanese yen crosses 139.00 mark against U.S. dollar, Asian stock markets mixed, gold hovers around $1,710 mark ahead of U.S. Retail Sales data
Key Headlines:
• New Zealand Business Manufacturing Index stands at 49.7 vs 52.6 previous release.
• China GDP q/y stands at 0.4 pct vs 4.8 pct previous release.
• China Retail Sales stand at 3.1 pct vs -6.7 pct previous release.
• China Industrial Produc on stands at 3.9 pct vs 0.7 pct previous release.
• China Unemployment Rate stands at 5.5 pct vs 5.9 pct previous release.
• China is a "very important" creditor of Sri Lanka and it would likely be in the interest of both countries if China par cipated in restructuring Sri Lanka's debt, U.S. Treasury Secretary
Janet Yellen said on Thursday – Reuters.
• U.S. stock index futures fell on Thursday a er JPMorgan Chase & Co and Morgan Stanley kicked off the earnings season with downbeat results, adding to worries of a poten al
recession – Reuters.
• Hungary's central bank le the interest rate on its one-week deposit facility unchanged at 9.75% at a weekly tender on Thursday a er last week's sharp increase to rein in the forint,
central Europe's worst-performing currency – Reuters.
• Canada on Thursday authorized Moderna Inc's COVID-19 vaccine for babies as young as 6 months old, making it the country's first vaccine against coronavirus for children under 5,
Health Canada said – Reuters.
• Saudi Arabia detected its first monkeypox case in the capital Riyadh for a person arriving from abroad, state news agency (SPA) reported on Thursday, ci ng a health ministry
statement - Reuters.
• India reported its first confirmed case of monkeypox on Thursday, a 35-year old man with a history of travel to the Middle East, government officials said – Reuters.
• A new wave of coronavirus infec ons is rapidly spreading through Asia, promp ng warnings for residents from New Zealand to Japan to take precau ons to slow the outbreak –
Reuters.
• The European Medicines Agency on Thursday iden fied severe allergic reac ons as poten al side effects of Novavax Inc's COVID-19 vaccine – Reuters.
• Indonesian Finance Minister Sri Mulyani Indrawa said on Friday it was vital for G20 finance leaders to reach a consensus during talks in Bali, warning otherwise it could be
"catastrophic" for low-income countries facing soaring food and energy prices – Reuters.
• U.S. President Joe Biden will not come with a plan to restart the stalled Israel-Pales nian peace process when he visits the West Bank on Friday, at the end of the first leg of his
Middle East trip, a senior administra on official said – Reuters.
• Russian missiles struck a Ukrainian city far behind the frontlines in an a ack Kyiv officials said killed at least 23 people and cons tuted another war crime against civilians – Reuters.
• President Joe Biden will discuss energy supply, human rights, and security coopera on in Saudi Arabia on Friday on a trip designed to reset the U.S. rela onship with a country he
once pledged to make a "pariah" on the world stage – Reuters.
• Canadian Finance Minister Chrys a Freeland on Friday told Russian officials at a mee ng of G20 finance officials that she held them personally responsible for "war crimes"
commi ed during Russia's war in Ukraine – Reuters.
• Japan PM Kishida: asked industry minister to have up to 9 nuclear reactors opera onal this winter.
• Saudi Arabia said it would open its airspace to all air carriers, paving the way for more overflights to and from Israel, in a decision welcomed by U.S. President Joe Biden who is due
to visit the kingdom on Friday – Reuters.
Key Economic Indicators Ahead
• (0900 GMT/1430 IST) Euro Trade Balance, previous -31.7B, expected -34.8B.
• (1230 GMT/1800 IST) Canada Wholesales sales, previous -0.5, expected 2.0.
• (1230 GMT/1800 IST) U.S. Retail Sales, previous -0.3, expected 0.9.
• (1230 GMT/1800 IST) U.S. Core Retail Sales, previous 0.5, expected 0.7.
• (1230 GMT/1800 IST) U.S. Empire State Manufacturing Index, previous -1.2, expected -2.1.
• (1315 GMT/1845 IST) U.S. Industrial Produc on, previous 0.2, expected 0.1.
• (1400 GMT/1930 IST) U.S. Prelim UoM Consumer Sen ment, previous 50.0, expected 49.0.
Economic Events Ahead:
• (1300 GMT/1830 IST) FOMC Member Bullard Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.03 pct to 108.58 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
0.6772
R2 S2
0.6796
R3 S3
0.6818
R4
Commentary
S4
0.6848
Buy Above 0.6772
0.6799
0.6740
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6732
0.6701
0.6770
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie falls on Friday after China’s lower than expected GDP results. Today pair
made intraday high at $0.6764 and low at $0.6736 mark. A day chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $0.6772 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $0.6730 will check further supports.
0.6730
0.6712
0.6684
0.6665
JULY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0050
R2 S2
1.0072
R3 S3
1.0098
R4
Commentary
S4
1.0122
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-
Time Frame: H1
EUR/USD: The euro enjoys roller coaster movement and remains well supported above $1.0000
mark. Today the pair made intraday high at $1.0041 and low at $1.0011 mark. Today triple EMA on 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 $1.0000 on H1 chart will
check further supports. European Calendar will remain empty for the day.
EUR / USD
0.9990
0.9965
0.9947
0.9920
Buy Above 1.0050
1.0078
1.0021
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.9998
0.9960
1.0022
– 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
1.1850
R2 S2
1.1872
R3 S3
1.1896
R4
Commentary
S4
1.1926
Buy Above 1.1850
1.1876
1.1818
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1810
1.1778
1.1840
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling remains almost unchanged on Friday and hovers around $1.1830 mark.
Today pair made intraday high at $1.1851 and low at $1.1818 mark. A day chart and H1 chart with
triple EMA suggest down trend for the time being. A sustained close above $1.1850 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.1810 will check further supports.
USD
1.1810
1.1778
1.1755
1.1721
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 Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26 Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.3130
R2 S2
1.3155
R3 S3
1.3176
R4
Commentary
S4
1.3205
Buy Above 1.3130
1.3165
1.3102
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3090
1.3058
1.3120
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD fell sharply in previous session after robust U.S. CPI data and hit lowest level
since Nov 2020 mark. Today the pair made intraday high at 1.3129 and low at 1.3093 mark. Today a
day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close
above 1.3130 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.3090
on H1 chart will check key supports too. Canada’s wholesale Sales data will remain in focus.
USD /CAD
1.3090
1.3065
1.3050
1.3030
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
139.26
R2 S2
139.55
R3 S3
139.84
R4
Commentary
S4
140.14
Buy Above 139.26
139.62
138.71
– Take Profit
– Stop Loss
Trade Idea
Sell Below 138.60
138.20
139.07
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen depreciates extremely against U.S. dollar and hits fresh low since Sept
1998. The pair made intraday high at 139.08 and low at 138.76 mark. The triple EMA on a day chart
and H1 chart suggest up trend for the time being. A sustained close above 139.26 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 138.72 on H1 chart will check
further key supports.
USD /JPY
138.72
138.47
138.20
138.01
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
1714
R2 S2
1720
R3 S3
1726
R4
Commentary
S4
1732
Buy Above 1714
1720
1708
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1704
1696
1710
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold depreciated noticeably in previous session as U.S. came up with the strong
Inflation results and touched $1,697 mark. Today the pair made intraday high at $1,716 and low at
$1,708 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A
sustained close above $1,714 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,702 on H1 chart will test further supports. Traders eye U.S. Retail Sales, Industrial
Production and Prelim UoM Consumer Sentiment data for the further directions of the parity.
XAU [GOLD]
USD
/
1702
1696
1689
1684
JULY,
2022

9. Thank
you!
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