DAILY ANALYSIS REPORT AUGUST 05 2022

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05 August 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar moves cau ously ahead of U.S. NFP Employment Change data, Asian stock markets in green, gold hovers around $1,790 mark
Key Headlines:
• Australia AIG Services Index stands at 51.7 vs 48.8 previous release.
• Japan Average Cash Earnings stands at 2.2 pct vs 1.0 pct previous release.
• Japan Household Spending stands at 3.5 pct vs -0.5 pct previous release.
• The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way, as it rushed to smother a rise in infla on which is
now set to top 13% - Reuters.
• Sterling fell on Thursday a er the Bank of England followed its counterparts in the United States and euro zone with a he y hike in interest rates to quell infla on, saying Britain
faces a lengthy recession – Reuters.
• Auto parts supplier Ap v Plc on Thursday cut its full-year profit and revenue forecast, as lockdowns in China took a bite out of quarterly results, while the industry con nues to
struggle with elevated freight and labor costs – Reuters.
• More than 70 countries where monkeypox is not endemic have reported outbreaks of the viral disease, which the World Health Organiza on has declared a global health
emergency, as confirmed cases crossed 25,800 and non-endemic countries reported their first deaths – Reuters.
• Ukraine is facing a worsening health emergency as the conflict with Russia rages on, the World Health Organiza on said, with a combina on of burnt-out staff, increased shelling and
the approach of winter fuelling the agency's concerns – Reuters.
• The United States has declared monkeypox a public health emergency, the health secretary said on Thursday, a move expected to free up addi onal funding and tools to fight the
disease – Reuters.
• China successfully launched a pilot reusable spacecra with its long March 2F carrier rocket on Friday – Reuters.
• Southeast Asia's regional bloc ASEAN is "deeply disappointed" by the limited progress made by Myanmar's military rulers in implemen ng a peace agreement to end the conflict in
the country, a communique issued by its foreign ministers said – Reuters.
• he United States opposes any unilateral efforts to change the Taiwan status quo, especially by force, and its policy on Taiwan has not changed, Secretary of State Antony Blinken told
Southeast Asian counterparts on Thursday – Reuters.
• China's foreign ministry said on Friday it lodged solemn representa ons to relevant European countries and EU envoys over statements on Taiwan issued by the foreign ministers
from the Group of Seven (G7) na ons and the EU High Representa ve for Foreign Affairs and Security Policy – Reuters.
• A Russian court sentenced U.S. basketball star Bri ney Griner to nine years in prison on Thursday a er finding her guilty of deliberately bringing cannabis-infused vape cartridges
into Russia, a ruling that U.S. President Joe Biden called "unacceptable – Reuters.
• U.S. House of Representa ves Speaker Nancy Pelosi said on Friday that her trip through Asia, which prompted an infuriated China to hold live-fire military drills in the waters off
Taiwan, was never about changing the status quo in Taiwan or the region – Reuters.
• Japanese Prime Minister Fumio Kishida and U.S. House of Representa ves Speaker Nancy Pelosi agreed Friday on the importance of peace and stability in the Taiwan Strait amid a
flare-up in tensions since her visit to the self-ruled island – Sources.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) German Industrial Produc on, previous 0.2, expected -0.4.
• (0600 GMT/1130 IST) U.K. Halifax HPI, previous 1.8, expected 1.2.
• (0645 GMT/1215 IST) France Industrial Produc on, previous 0.00, expected -0.2.
• (0645 GMT/1215 IST) France Trade Balance, previous -13.0B, expected -12.3B.
• (0700 GMT/1230 IST) Swiss Foreign Currency Reserve, previous 850B.
• (0800 GMT/1330 IST) Italy Industrial Produc on, previous -1.1, expected -0.1.
• (1230 GMT/1800 IST) Canada Employment Change, previous -43.2, expected 14.2K.
• (1230 GMT/1800 IST) Canada Unemployment Rate, Previous 4.9, expected 5.0.
• (1230 GMT/1800 IST) U.S. Average Hourly earnings, previous 0.3, expected 0.3.
• (1230 GMT/1800 IST) U.S. NFP Employment Change, previous 372K, expected 250K.
• (1230 GMT/1800 IST) U.S. Unemployment Rate, previous 3.6, expected 3.6.
• (1400 GMT/1930 IST) U.S. Ivey PMI, previous 62.2, expected 60.3.
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 up 0.16 pct to 105.87 points.

3. AUD / USD
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
0.6972
R2 S2
0.6999
R3 S3
0.7022
R4
Commentary
S4
0.7050
Buy Above 0.6976
0.7002
0.6955
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6951
0.6922
0.6972
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades flat on Friday and stabilizes above $0.6950 mark. Today pair made
intraday high at $0.6971 and low at $0.6953 mark. A day chart and H1 chart with triple EMA suggest
up trend for the time being.Asustained close above $0.6972 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $0.6950 will check further supports.
0.6950
0.6926
0.6904
0.6884
AUGUST,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0250
R2 S2
1.0272
R3 S3
1.0299
R4
Commentary
S4
1.0318
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-
Time Frame: H1
EUR/USD: The euro trades almost flat on Friday and remains well supported above $1.0200 mark.
Today the pair made intraday high at $1.0252 and low at $1.0229 mark. Today triple EMA on a day
chart is down and H1 chart suggests up trend for the time being.Aconsistent close above $1.0250 on
H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0212 on H1 chart will
check further supports.
EUR / USD
1.0212
1.0182
1.0165
1.0140
Buy Above 1.0252
1.0280
1.0230
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0226
1.0201
1.0250
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
AUGUST,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2162
R2 S2
1.2190
R3 S3
1.2215
R4
Commentary
S4
1.2240
Buy Above 1.2162
1.2199
1.2132
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2122
1.2087
1.2148
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling fell extremely in previous session after BoE’s Policy Rate Decision and
currently stabilizes around $1.2150 mark. Today pair made intraday high at $1.2163 and low at
$1.2129 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A
sustained close above $1.2162 on H1 chart will check key resistances. Alternatively, a consistent
close below $1.2122 will check further supports.
USD
1.2122
1.2102
1.2078
1.2055
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
AUGUST,
2022

6. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26 Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2875
R2 S2
1.2899
R3 S3
1.2922
R4
Commentary
S4
1.2950
Buy Above 1.2880
1.2912
1.2860
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2855
1.2822
1.2880
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD trades marginally higher on Friday ahead of Canada’s Employment Change
data and remains well supported below 1.2900 mark.Today the pair made intraday high at 1.2879 and
low at 1.2860 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the
time being. A sustained close above 1.2875 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 1.2848 on H1 chart will check key supports too.
USD /CAD
1.2848
1.2830
1.2805
1.2784
AUGUST,
2022

7. 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
133.51
R2 S2
133.78
R3 S3
134.01
R4
Commentary
S4
134.26
Buy Above 133.50
133.82
133.11
– Take Profit
– Stop Loss
Trade Idea
Sell Below 132.90
132.52
133.20
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen remains almost unchanged despite robustAverage Cash Earnings and
Household Spending data. The pair made intraday high at 133.36 and low at 132.52 mark. 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 132.62 on H1
chart will check further key supports.
USD /JPY
132.62
132.40
132.10
131.90
AUGUST,
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
1798
R2 S2
1802
R3 S3
1808
R4
Commentary
S4
1815
Buy Above 1795
1804
1787
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1785
1778
1792
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold exhibits range bound movement ahead of U.S. NFP job data and hovers
around $1,790 mark. Today the pair made intraday high at $1,794 and low at $1,788 mark. Today a
day chart is down and H1 chart with triple EMAsuggests up trend for the time being.Asustained close
above $1,794 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,786
on H1 chart will test further supports.
XAU [GOLD]
USD
/
1786
1782
1776
1772
AUGUST,
2022

9. Thank
you!
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