The daily analysis report from TP Global FX provides technical analysis and commentary on major currency pairs. It summarizes key economic data releases and events from Asia and upcoming indicators. On the currency pairs, it indicates current trends and price levels to watch for potential buy and sell opportunities on a 1-hour timeframe. Technical analysis tools such as moving averages, Fibonacci levels, and RSI are used to generate signals and trade ideas for the major FX pairs.

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27 July 2022
Daily Analysis Report

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Asian Bulle n: Aussie remains vola le in early Asian hours as CPI data misses expecta ons, Asian stock markets mixed, gold stabilizes below $1,720 mark ahead of U.S. FOMC Interest Rate
Decision
Key Headlines:
• U.K. BRC Shop Price Index stands at 4.4 pct vs 3.1 pct previous release.
• Australia CPI q/q stands at 1.8 pct vs 2.1 pct previous release.
• Australia Trimmed Mean CPI remains unchanged at 1.5 pct.
• U.S. stock index futures fell on Tuesday a er Walmart's profit warning rippled through the retail sector and heightened fears that consumers were cu ng back on discre onary
spending in the face of decades-high infla on – Reuters.
• European Union countries approved a weakened emergency plan to curb their gas demand on Tuesday, a er striking compromise deals to limit the cuts for some countries, as they
brace for further Russian reduc ons in supply – Reuters.
• Russia's compe on watchdog fined Alphabet's Google 2 billion roubles ($34.2 million) on Tuesday for abusing its dominant posi on in the video hos ng market, the regulator said
in a statement – Reuters.
• The prospect of another Russian gas supply cut knocked the euro lower on Tuesday, while dollar gains were tempered by moun ng uncertainty over the U.S. Federal Reserve's
policy- ghtening path a er this week's expected interest rate rise – Reuters.
• South Korea's top financial regulator unveiled on Tuesday a dra plan for suppor ng distressed financial companies to prevent failures, rather than wai ng to bail them out a er
they had defaulted and caused economic damage – Reuters.
• The BA.5 subvariant of Omicron was es mated to make up 81.9% of the circula ng coronavirus variants in the United States for the week ended July 23, the U.S. Centers for Disease
Control and Preven on (CDC) said on Tuesday – Reuters.
• U.S. President Joe Biden's COVID-19 symptoms have now "almost completely resolved" and he now feels well enough to resume his physical exercise regimen, his physician said in a
memo on Tuesday – Reuters.
• COVID-19 vaccine maker BioNTech said on Tuesday that it and partner Pfizer have filed a complaint with the U.S. District Court in Massachuse s, seeking a judgment that they did
not infringe U.S. patents held by rival CureVac - Reuters.
• China has appointed Shen Hongbing as the new head of the Chinese Center For Disease Control and Preven on, replacing Gao Fu who re red, the CDC said in a statement on
Tuesday – Reuters.
Key Economic Indicators Ahead
• (0600 GMT/1130 IST) German GFK Consumer Climate, previous -27.4, expected -29.0.
• (0800 GMT/1330 IST) Swiss Credit Suisse Economic Expecta ons, previous -72.7.
• (0800 GMT/1330 IST) Euro Private Loans, previous 4.6, expected 4.6.
• (1230 GMT/1800 IST) U.S. Durable Goods Orders Data, previous 0.8, expected -0.5.
• (1230 GMT/1800 IST) U.S. Core Durable Goods orders data, previous 0.7, expected 0.2.
• (1230 GMT/1800 IST) U.S. Goods Trade Balance, previous -104.3B, expected -103.2B.
• (1400 GMT/1930 IST) U.S. Pending Home Sales, previous 0.7, expected -1.1.
• (1800 GMT/2330 IST) U.S. Interest Rate Decision, previous 1.75, expected 2.50.
Economic Events Ahead:
• (1830 GMT/0000 IST) U.S. FOMC Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.17 pct to 107.01 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
0.6962
R2 S2
0.6990
R3 S3
0.7015
R4
Commentary
S4
0.7050
Buy Above 0.6940
0.6971
0.6915
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6902
0.6872
0.6940
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie remains volatile in earlyAsia asAustralia released CPI data with flat numbers.
Today pair made intraday high at $0.6957 and low at $0.6912 mark. A day chart and H1 chart with
triple EMA suggest bearish trend for the time being. A sustained close above $0.6950 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.6902 will check further
supports.
0.6902
0.6881
0.6855
0.6830
JULY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0176
R2 S2
1.0199
R3 S3
1.0222
R4
Commentary
S4
1.0255
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-
Time Frame: H1
EUR/USD: The euro trades slightly higher on Wednesday and trading around $1.0150 mark. Today
the pair made intraday high at $1.0147 and low at $1.0113 mark. Today triple EMAon a day chart and
H1 chart suggest down trend for the time being. A consistent close above $1.0176 on H1 chart
requires for the upside rally. Alternatively, a sustained close below $1.0112 on H1 chart will check
further supports.
EUR / USD
1.0112
1.0089
1.0055
1.0021
Buy Above 1.0172
1.0210
1.0130
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0128
1.0090
1.0165
– 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
1.2068
R2 S2
1.2092
R3 S3
1.2122
R4
Commentary
S4
1.2150
Buy Above 1.2072
1.2110
1.2038
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2030
1.1996
1.2057
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling trades in narrow range and remains well supported around $1.2050 mark.
U.K.’s Economic calendar will remain empty for the day. Today pair made intraday high at $1.2057
and low at $1.2016 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the
time being. A sustained close above $1.2068 on H1 chart will check key resistances. Alternatively, a
consistent close below $1.2030 will check further supports.
USD
1.2030
1.2012
1.1990
1.1965
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below 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
1.2890
R2 S2
1.2915
R3 S3
1.2930
R4
Commentary
S4
1.2955
Buy Above 1.2890
1.2922
1.2864
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2850
1.2822
1.2876
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD exhibits range bound movement on Wednesday and stabilizes above 1.2850
mark. Today the pair made intraday high at 1.2888 and low at 1.2859 mark. Today a day chart is up
and H1 chart with triple EMAsuggests down trend for the time being.Asustained close above 1.2890
on H1 chart requires for the upside rally.Alternatively, a consistent close below 1.2838 on H1 chart will
check key supports too. Canada’s Economic Calendar will remain empty for the day.
USD /CAD
1.2838
1.2802
1.2784
1.2761
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
137.15
R2 S2
137.40
R3 S3
137.65
R4
Commentary
S4
137.90
Buy Above 137.15
137.48
136.90
– Take Profit
– Stop Loss
Trade Idea
Sell Below 136.68
136.30
137.01
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen continues to trade in narrow range and remains well supported around
137.00 mark. The pair made intraday high at 137.14 and low at 136.79 mark. The triple EMAon a day
chart and H1 chart suggest up trend for the time being. A sustained close above 137.08 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 136.72 on H1 chart will check
further key supports.
USD /JPY
136.72
136.50
136.22
135.98
JULY,
2022

8. 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
1722
R2 S2
1728
R3 S3
1732
R4
Commentary
S4
1738
Buy Above 1722
1730
1714
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1711
1702
1719
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
XAU/USD (GOLD): Gold weakens ahead of U.S. FOMC Interest Rate Decision and remains well
supported below $1,720 mark. Today the pair made intraday high at $1,720 and low at $1,713 mark.
Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained
close above $1,722 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$1,709 on H1 chart will test further supports.
XAU [GOLD]
USD
/
1709
1704
1698
1691
JULY,
2022

9. Thank
you!
Info@tpglobalfx.com
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