DAILY ANALYSIS REPORT AUGUST 12 2022

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12 August 2022
Daily Analysis Report

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Asian Bulle n: Sterling Remains Slightly Vola le in Early Asia ahead of U.K.’s Prelim GDP data, Asian stock markets mixed, gold hovers around $1,790 mark
Key Headlines:
• New Zealand Business Manufacturing Index stands at 52.7 vs 50.0 previous release.
• New Zealand FPI stands at 2.1 vs 1.2 pct previous release.
• Wall Street headed for another day of gains on Thursday as investors banked on peaking infla on persuading central banks to dial back on their an cipated interest rate hikes in
September – Reuters.
• The dollar lost further ground versus other major currencies on Thursday, a er traders reined in bets on an aggressive interest rate hike by the Federal Reserve a er so er-than-
expected U.S. infla on data the previous day – Reuters.
• Germany's financial market regulator BaFin said on Thursday that it had fined Bank of America 5.1 million euros ($5.28 million) for delays in repor ng vo ng rights no fica ons –
Reuters.
• Hungarian OTP Bank's Russian unit has a racted "serious interest" from poten al bidders, but a Russian presiden al decree banning the sale of Western banks could complicate any
deal, deputy chief execu ve Laszlo Bencsik said on Thursday – Reuters.
• Russian law firm Rybalkin, Gortsunyan, Dyakin & Partners (RGD) plans to appeal to Euroclear clearing house to help unfreeze funds of investors in foreign securi es that were ed up
by Western sanc ons against Russia, a RGD partner said – Reuters.
• Nearly half of Australian retail investors owned cryptocurrency in late 2021 and more got their informa on from YouTube videos than from financial advisers, the securi es
watchdog said on Thursday, calling the data a "strong case for regula on" – Reuters.
• The U.S. Centers for Disease Control and Preven on will no longer recommend quaran nes or test-to-stay programs at schools or daycare centers for people exposed to COVID-19,
the agency said in updated guidelines on Thursday – Reuters.
• The number of people in England wai ng to start rou ne hospital treatment has risen to the highest level since records began 15 years ago, while vic ms of crime are facing long
delays for their cases to be heard in court – Reuters.
• The U.S. Food and Drug Administra on chief on Thursday defended a plan to administer Bavarian Nordic's monkeypox shot intradermally a er the company raised doubts about the
safety of the method, ci ng a lack of data – Reuters.
• New Delhi, India will enforce a mask mandate again a er COVID-19 infec ons rose in the past fortnight, a government order showed on Thursday, though a similar order in April
failed to improve compliance – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) U.K. GDP m/m, previous 0.5, expected -1.2.
• (0600 GMT/1130 IST) U.K. Prelim GDP q/q, previous 0.8, expected -0.2.
• (0600 GMT/1130 IST) U.K. Goods Trade Balance, previous -21.4B, expected -22.3B.
• (0600 GMT/1130 IST) U.K. Industrial Produc on, previous 0.9, expected -1.3.
• (0600 GMT/1130 IST) U.K. Manufacturing Produc on, previous 1.4, expected -1.9.
• (0645 GMT/1215 IST) France Final CPI, previous 0.3, expected 0.3.
• (0800 GMT/1330 IST) Italy Trade Balance, previous -0.01B, expected 0.35B.
• (0900 GMT/1430 IST) Euro Industrial Produc on, previous 0.8, expected 0.1.
• (1230 GMT/1800 IST) U.S. Import Prices, previous 0.2, expected -0.9.
• (1400 GMT/1930 IST) U.S. Prelim UoM Consumer Sen ment, previous 51.5, expected 52.5.
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 0.09 pct to 105.19 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
0.7130
R2 S2
0.7155
R3 S3
0.7172
R4
Commentary
S4
0.7198
Buy Above 0.7122
0.7157
0.7090
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7089
0.7062
0.7120
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades marginally higher on Friday and jumps back above $0.7100 mark.
Today pair made intraday high at $0.7116 and low at $0.7089 mark. A day chart and H1 chart with
triple EMAsuggest up trend for the time being.Asustained close above $0.7130 on H1 chart requires
for the upside rally.Alternatively, a consistent close below $0.7090 will check further supports.
0.7090
0.7065
0.7040
0.7012
AUGUST,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0330
R2 S2
1.0365
R3 S3
1.0390
R4
Commentary
S4
1.0422
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-
Time Frame: H1
EUR/USD: The euro trades almost flat on Friday and trading around $1.0315 mark ahead of Euro’s
Industrial Production data. Today the pair made intraday high at $1.0327 and low at $1.0304 mark.
Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A
consistent close above $1.0330 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.0298 on H1 chart will check further supports.
EUR / USD
1.0298
1.0270
1.0255
1.0230
Buy Above 1.0330
1.0356
1.0301
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0298
1.0272
1.0322
– 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
1.2221
R2 S2
1.2250
R3 S3
1.2272
R4
Commentary
S4
1.2299
Buy Above 1.2212
1.2248
1.2178
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2172
1.2140
1.2205
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling trades marginally higher ahead of U.K.’s Prelim GDP Results and hovers
around $1.2200 mark. Today pair made intraday high at $1.2200 and low at $1.2177 mark. A day
chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close
above $1.2212 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.2172 will check further supports.
USD
1.2172
1.2150
1.2121
1.2100
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
1.2770
R2 S2
1.2799
R3 S3
1.2822
R4
Commentary
S4
1.2850
Buy Above 1.2772
1.2800
1.2747
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2738
1.2701
1.2765
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD strengthens noticeably against U.S. dollar and hovers around 1.2750 mark.
Today the pair made intraday high at 1.2772 and low at 1.2750 mark. Today a day chart and H1 chart
with triple EMA suggest bearish trend for the time being. A sustained close above 1.2770 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2738 on H1 chart will check key
supports too.
USD /CAD
1.2738
1.2710
1.2680
1.2655
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
133.50
R2 S2
133.76
R3 S3
133.90
R4
Commentary
S4
134.12
Buy Above 133.50
133.84
133.22
– Take Profit
– Stop Loss
Trade Idea
Sell Below 133.10
132.72
133.48
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades in rigid boundaries on Friday and stabilizes above 133.00 mark.
The pair made intraday high at 133.49 and low at 132.87 mark. The triple EMAon a day chart is up and
H1 chart suggests down trend for the time being.Asustained close above 133.50 on H1 chart requires
for the upside rally. Alternatively, a consistent close below 132.90 on H1 chart will check further key
supports.
USD /JPY
132.90
132.72
132.50
132.22
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
1804
R3 S3
1808
R4
Commentary
S4
1814
Buy Above 1792
1798
1786
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1782
1776
1789
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades slightly higher on Friday and hovers around $1,790 mark ahead of
U.S. Prelim UoM Consumer Sentiment data. Today the pair made intraday high at $1,792 and low at
$1,786 mark. Today a day chart and H1 chart with triple EMAsuggest down trend for the time being.A
sustained close above $1,792 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,784 on H1 chart will test further supports.
XAU [GOLD]
USD
/
1782
1776
1772
1767
AUGUST,
2022

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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