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analysis@tpglobalfx.com
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22 August 2022
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: FX markets start a new week on a flat note amid absence of key economic indicators, Asian stock markets mixed, gold stabilizes below $1,750 mark
Key Headlines:
• Asian shares slipped on Monday and the dollar extended its climb amid angst over global growth as most major banks keep raising rates, while a modest easing by China served only
to highlight troubles in its property market – Reuters.
• U.S. stock index futures fell on last Friday a er Federal Reserve officials said the central bank needs to keep raising interest rates to rein in infla on, while delibera ng on how fast
and how high to li them – Reuters.
• Mexican retail sales fell 0.3% in June from May, the na onal sta s cs agency said on Friday – Reuters.
• The Norwegian and New Zealand central banks this week both delivered yet more interest rate hikes and signalled further ghtening is round the corner as policymakers globally
race to get on top of runaway infla on – Reuters.
• Six Romanian central bank board members voted to scale down the pace of monetary policy ghtening and hike interest rates by less than expected at the Aug. 5 mee ng, while the
remaining three favoured a bigger raise, minutes showed on last Friday – Reuters.
• The Indian rupee slipped against the U.S. currency on Friday as the dollar got a boost from U.S. labour data and hawkish comments from Federal Reserve officials – Reuters.
• The Russian central bank said on Thursday that corporate loans had increased 1.2% in month-on-month terms in July, up from a 0.1% increase in June – Reuters.
• Falling global oil prices and tempering infla on levels will keep Indian bond yields in ghter ranges and cause longer term yields to compress further, says Kotak Mahindra Asset
Management Company – Reuters.
• Ar llery shells rained down on a city near Europe's biggest nuclear plant and Russian missiles struck near the Black Sea port of Odesa on Sunday, as Ukraine warned of the poten al
for more serious a acks by Russia as the war neared its six-month anniversary – Reuters.
• Oil prices fell on Monday, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand – Reuters.
• The U.S. Federal Reserve will raise rates by 50 basis points in September amid expecta ons infla on has peaked and growing recession worries, according to economists in a Reuters
poll, who said the risks were skewed towards a higher peak – Reuters.
• German Economy Minister Robert Habeck ruled out on Sunday extending the lifespan of the country's three remaining nuclear power plants in order to save gas, saying it would
save at most 2 percent of gas use – Reuters.
• South Korea and the United States began their annual joint military drills on Monday with a resump on of field training, officials said, as the allies seek to ghten readiness posture
over North Korea's poten al weapons tests – Reuters.
• Support for Japanese Prime Minister Fumio Kishida's government has tumbled, ba ered by ques ons about the ruling party's es to the Unifica on Church and its response to the
coronavirus pandemic, according to a public opinion poll – Reuters.
• Argen na's government on Sunday appointed a well-known economist and vocal cri c of the policies of former President and current Vice President Cris na Fernandez de Kirchner
to effec vely be the second in command of the key economy ministry – Reuters.
• The leaders of the United States, Britain, France and Germany discussed efforts to revive the 2015 Iran nuclear deal, the White House said on Sunday in a statement largely focused
on Ukraine – Reuters.
Key Economic Indicators Ahead:
• (1230 GMT/1800 IST) Canada New Housing Price Index, previous 0.2, expected 0.3.
Economic Events Ahead:
• (1000 GMT/1530 IST) German Buba Monthly Report.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.04 pct to 108.13 points.
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
0.6928
R2 S2
0.6950
R3 S3
0.6976
R4
Commentary
S4
0.7002
Buy Above 0.6922
0.6950
0.6898
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6872
0.6837
0.6899
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie recovers slightly in early Asia and hovers around $0.6900 mark ahead of
Australia’s Flash PMI data due tomorrow. Today pair made intraday high at $0.6906 and low at
$0.6867 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A
sustained close above $0.6928 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $0.6862 will check further supports.
0.6862
0.6840
0.6812
0.6782
AUGUST,
2022
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0067
R2 S2
1.0090
R3 S3
1.0122
R4
Commentary
S4
1.0150
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro trades almost flat on Monday and stabilizes around $1.0041 mark. Today the
pair made intraday high at $1.0046 and low at $1.0023 mark. Today triple EMAon a day chart and H1
chart suggest bearish trend for the time being.Aconsistent close above $1.0067 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.0021 on H1 chart will check further
supports.
EUR / USD
1.0021
0.9998
0.9962
0.9940
Buy Above 1.0067
1.0099
1.0040
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0021
0.9990
1.0050
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2022
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.1850
R2 S2
1.1872
R3 S3
1.1899
R4
Commentary
S4
1.1926
Buy Above 1.1850
1.1882
1.1815
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1802
1.1772
1.1830
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling took a halt around $1.1790 mark and currently stabilizes around $1.1830
mark. Today pair made intraday high at $1.1836 and low at $1.1805 mark. A day chart and H1 chart
with triple EMA suggest bearish trend for the time being. A sustained close above $1.1850 on H1
chart will check key resistances. Alternatively, a consistent close below $1.1802 will check further
supports.
USD
1.1802
1.1778
1.1740
1.1712
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2022
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
1.3005
R2 S2
1.3022
R3 S3
1.3055
R4
Commentary
S4
1.3072
Buy Above 1.3005
1.3031
1.2982
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2972
1.2938
1.3000
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD enjoys roller coaster movement ahead of New Housing Price Index data and
currently hovers around 1.3000 mark. Today the pair made intraday high at 1.3005 and low at 1.2982
mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A
sustained close above 1.3005 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 1.2975 on H1 chart will check key supports too.
USD /CAD
1.2975
1.2930
1.2912
1.2900
AUGUST,
2022
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
137.55
R2 S2
137.87
R3 S3
138.12
R4
Commentary
S4
138.38
Buy Above 137.40
137.72
137.05
– Take Profit
– Stop Loss
Trade Idea
Sell Below 136.90
136.57
137.22
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen starts a new week on a lower note and stabilizes back above 137.00
mark. The pair made intraday high at 137.43 and low at 136.82 mark. The triple EMA on a day chart
and H1 chart suggest up trend for the time being. A sustained close above 137.40 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 136.80 on H1 chart will check
further key supports.
USD /JPY
136.80
136.52
136.18
135.98
AUGUST,
2022
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
1752
R2 S2
1758
R3 S3
1762
R4
Commentary
S4
1767
Buy Above 1750
1756
1744
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1742
1736
1749
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades slightly lower on Monday and remains well supported below $1,750
mark. Today the pair made intraday high at $1,749 and low at $1,744 mark. Today a day chart and H1
chart with triple EMA suggest bearish trend for the time being. A sustained close above $1,752 on H1
chart requires for the upside rally. Alternatively, a consistent close below $1,742 on H1 chart will test
further supports. U.S. Economic Calendar will remain empty for the day.
XAU [GOLD]
USD
/
1742
1737
1732
1726
AUGUST,
2022
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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/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
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Disclamer:
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DAILY ANALYSIS REPORT AUGUST 22 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 22 August 2022 Daily Analysis Report
  • 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: FX markets start a new week on a flat note amid absence of key economic indicators, Asian stock markets mixed, gold stabilizes below $1,750 mark Key Headlines: • Asian shares slipped on Monday and the dollar extended its climb amid angst over global growth as most major banks keep raising rates, while a modest easing by China served only to highlight troubles in its property market – Reuters. • U.S. stock index futures fell on last Friday a er Federal Reserve officials said the central bank needs to keep raising interest rates to rein in infla on, while delibera ng on how fast and how high to li them – Reuters. • Mexican retail sales fell 0.3% in June from May, the na onal sta s cs agency said on Friday – Reuters. • The Norwegian and New Zealand central banks this week both delivered yet more interest rate hikes and signalled further ghtening is round the corner as policymakers globally race to get on top of runaway infla on – Reuters. • Six Romanian central bank board members voted to scale down the pace of monetary policy ghtening and hike interest rates by less than expected at the Aug. 5 mee ng, while the remaining three favoured a bigger raise, minutes showed on last Friday – Reuters. • The Indian rupee slipped against the U.S. currency on Friday as the dollar got a boost from U.S. labour data and hawkish comments from Federal Reserve officials – Reuters. • The Russian central bank said on Thursday that corporate loans had increased 1.2% in month-on-month terms in July, up from a 0.1% increase in June – Reuters. • Falling global oil prices and tempering infla on levels will keep Indian bond yields in ghter ranges and cause longer term yields to compress further, says Kotak Mahindra Asset Management Company – Reuters. • Ar llery shells rained down on a city near Europe's biggest nuclear plant and Russian missiles struck near the Black Sea port of Odesa on Sunday, as Ukraine warned of the poten al for more serious a acks by Russia as the war neared its six-month anniversary – Reuters. • Oil prices fell on Monday, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand – Reuters. • The U.S. Federal Reserve will raise rates by 50 basis points in September amid expecta ons infla on has peaked and growing recession worries, according to economists in a Reuters poll, who said the risks were skewed towards a higher peak – Reuters. • German Economy Minister Robert Habeck ruled out on Sunday extending the lifespan of the country's three remaining nuclear power plants in order to save gas, saying it would save at most 2 percent of gas use – Reuters. • South Korea and the United States began their annual joint military drills on Monday with a resump on of field training, officials said, as the allies seek to ghten readiness posture over North Korea's poten al weapons tests – Reuters. • Support for Japanese Prime Minister Fumio Kishida's government has tumbled, ba ered by ques ons about the ruling party's es to the Unifica on Church and its response to the coronavirus pandemic, according to a public opinion poll – Reuters. • Argen na's government on Sunday appointed a well-known economist and vocal cri c of the policies of former President and current Vice President Cris na Fernandez de Kirchner to effec vely be the second in command of the key economy ministry – Reuters. • The leaders of the United States, Britain, France and Germany discussed efforts to revive the 2015 Iran nuclear deal, the White House said on Sunday in a statement largely focused on Ukraine – Reuters. Key Economic Indicators Ahead: • (1230 GMT/1800 IST) Canada New Housing Price Index, previous 0.2, expected 0.3. Economic Events Ahead: • (1000 GMT/1530 IST) German Buba Monthly Report. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.04 pct to 108.13 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 0.6928 R2 S2 0.6950 R3 S3 0.6976 R4 Commentary S4 0.7002 Buy Above 0.6922 0.6950 0.6898 – Take Profit – Stop Loss Trade Idea Sell Below 0.6872 0.6837 0.6899 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie recovers slightly in early Asia and hovers around $0.6900 mark ahead of Australia’s Flash PMI data due tomorrow. Today pair made intraday high at $0.6906 and low at $0.6867 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $0.6928 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.6862 will check further supports. 0.6862 0.6840 0.6812 0.6782 AUGUST, 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 1.0067 R2 S2 1.0090 R3 S3 1.0122 R4 Commentary S4 1.0150 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro trades almost flat on Monday and stabilizes around $1.0041 mark. Today the pair made intraday high at $1.0046 and low at $1.0023 mark. Today triple EMAon a day chart and H1 chart suggest bearish trend for the time being.Aconsistent close above $1.0067 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0021 on H1 chart will check further supports. EUR / USD 1.0021 0.9998 0.9962 0.9940 Buy Above 1.0067 1.0099 1.0040 – Take Profit – Stop Loss Trade Idea Sell Below 1.0021 0.9990 1.0050 – Take Profit – Stop Loss Trade Idea Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 AUGUST, 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 1.1850 R2 S2 1.1872 R3 S3 1.1899 R4 Commentary S4 1.1926 Buy Above 1.1850 1.1882 1.1815 – Take Profit – Stop Loss Trade Idea Sell Below 1.1802 1.1772 1.1830 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The sterling took a halt around $1.1790 mark and currently stabilizes around $1.1830 mark. Today pair made intraday high at $1.1836 and low at $1.1805 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1.1850 on H1 chart will check key resistances. Alternatively, a consistent close below $1.1802 will check further supports. USD 1.1802 1.1778 1.1740 1.1712 GBP/ Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 AUGUST, 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 1.3005 R2 S2 1.3022 R3 S3 1.3055 R4 Commentary S4 1.3072 Buy Above 1.3005 1.3031 1.2982 – Take Profit – Stop Loss Trade Idea Sell Below 1.2972 1.2938 1.3000 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The CAD enjoys roller coaster movement ahead of New Housing Price Index data and currently hovers around 1.3000 mark. Today the pair made intraday high at 1.3005 and low at 1.2982 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.3005 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2975 on H1 chart will check key supports too. USD /CAD 1.2975 1.2930 1.2912 1.2900 AUGUST, 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 137.55 R2 S2 137.87 R3 S3 138.12 R4 Commentary S4 138.38 Buy Above 137.40 137.72 137.05 – Take Profit – Stop Loss Trade Idea Sell Below 136.90 136.57 137.22 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen starts a new week on a lower note and stabilizes back above 137.00 mark. The pair made intraday high at 137.43 and low at 136.82 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above 137.40 on H1 chart requires for the upside rally. Alternatively, a consistent close below 136.80 on H1 chart will check further key supports. USD /JPY 136.80 136.52 136.18 135.98 AUGUST, 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 1752 R2 S2 1758 R3 S3 1762 R4 Commentary S4 1767 Buy Above 1750 1756 1744 – Take Profit – Stop Loss Trade Idea Sell Below 1742 1736 1749 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold trades slightly lower on Monday and remains well supported below $1,750 mark. Today the pair made intraday high at $1,749 and low at $1,744 mark. Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above $1,752 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,742 on H1 chart will test further supports. U.S. Economic Calendar will remain empty for the day. XAU [GOLD] USD / 1742 1737 1732 1726 AUGUST, 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