DAILY ANALYSIS REPORT AUGUST 11 2022

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11 August 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar depreciated sharply against major peers a er lower than expected U.S. CPI data, Asian stock markets in green, gold slips below $1,790 mark
Key Headlines:
• New Zealand Visitor arrivals stand at 30.1 pct vs 34.0 pct previous release.
• U.K. RICS house Price Balance stands at 63 pct vs 65 pct previous release.
• Australia MI Infla on Expecta ons stand at 5.9 pct vs 6.3 pct previous release.
• The UK government's planning law changes will accelerate offshore wind build but cri cal energy storage policies are lagging behind, developers told Reuters Events – Reuters.
• European countries are launching plans for offshore wind interconnectors but new regulatory mechanisms and mul -party coordina on are cri cal to curb risks – Reuters.
• Preventa ve maintenance, accurate weather forecas ng and hedging of grid conges on will help wind farm owners op mise soaring power prices this summer – Reuters.
• A new mul -fuel genera on reserve to alleviate summer power shortages in California shows how grid connec on delays and a growing bundle of supply chain challenges are
cos ng taxpayers and hampering clean energy goals – Reuters.
• With a cabinet reshuffle out of the way, Prime Minister Fumio Kishida's search for the next Bank of Japan (BOJ) governor will intensify in coming months with a small but possible
chance of a dark horse ge ng the job – Reuters.
• For the first me, investors seeking to pour cash into U.S. clean energy projects can count on at least a decade of generous federal subsidies, offering them long-sought confidence in
the staying power of the world’s third biggest renewables market – Reuters.
• The Indian unit of credit ra ng agency Moody's, ICRA, said on Wednesday that nearly 100 companies with debt totalling 350 billion rupees ($4.40 billion) are likely to be downgraded
a er the central bank ghtened ra ng methodologies – Reuters.
• China's war games around Taiwan have led Biden administra on officials to recalibrate their thinking on whether to scrap some tariffs or poten ally impose others on Beijing, se ng
those op ons aside for now, according to sources familiar with the delibera ons – Reuters.
• North Korea's Kim Jong Un declared victory in the ba le against COVID-19 on Thursday, with the leader's sister revealing he had suffered from fever and vowing "deadly retalia on"
against South Korea which it blames for causing the outbreak – Reuters.
• Ukraine accused Russia of firing rockets from around a captured nuclear power plant, killing at least 13 people and wounding 10, in the knowledge it would be risky for Ukraine to
return fire – Reuters.
• South Africa's Aspen Pharmacare's COVID-19 vaccine produc on lines may soon go idle, and without any new orders it could be forced to pivot to manufacturing other products, a
senior execu ve said on Wednesday – Reuters.
• India said on Wednesday that Biological E's COVID-19 vaccine Corbevax can be administered as a booster dose in people who have taken the country's other two main shots, Covaxin
and AstraZeneca's Covishield, from Friday – Reuters.
• Britain is launching a polio vaccine booster campaign for children in London aged below 10, a er confirming that the virus is spreading in the capital for the first me since the 1980s
– Reuters.
• Health officials in Europe are discussing whether to follow a move by the United States to stretch out scarce monkeypox vaccine supplies, with the World Health Organiza on calling
for more data – Reuters.
• About 66,000 people in Southeast Asia are infected each year with SARS-related coronaviruses, and nearly 500 million people live near habitats where bat hosts of those viruses are
found, according to a study released on Wednesday – Reuters.
Key Economic Indicators Ahead:
• (1230 GMT/1800 IST) U.S. PPI, previous 1.1, expected 0.2.
• (1230 GMT/1800 IST) U.S. Core PPI, previous 0.4, expected 0.4.
• (1230 GMT/1800 IST) U.S. Unemployment Claims Weekly, previous 260K, expected 264K.
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 0.17 pct to 105.38 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
0.7090
R2 S2
0.7122
R3 S3
0.7150
R4
Commentary
S4
0.7172
Buy Above 0.7090
0.7115
0.7060
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7055
0.7030
0.7087
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie spiked up sharply in previous session and touched $0.7109 mark in previous
session. Today pair made intraday high at $0.7087 and low at $0.7068 mark.Aday chart and H1 chart
with triple EMA suggest up trend for the time being. A sustained close above $0.7090 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7050 will check further
supports.
0.7050
0.7022
0.7002
0.6981
AUGUST,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0305
R2 S2
1.0340
R3 S3
1.0365
R4
Commentary
S4
1.0390
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-
Time Frame: H1
EUR/USD: The euro strengthened sharply in previous session and currently stabilizes around
$1.0290 mark. Today the pair made intraday high at $1.0304 and low at $1.0283 mark. Today triple
EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close
above $1.0305 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.0270 on H1 chart will check further supports.
EUR / USD
1.0270
1.0255
1.0230
1.0212
Buy Above 1.0305
1.0340
1.0275
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0270
1.0240
1.0298
– 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 1.2222
1.2254
1.2191
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2172
1.2140
1.2205
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling erases previous gain against U.S. dollar and stabilizes below $1.2200 mark.
Today pair made intraday high at $1.2221 and low at $1.2182 mark.Aday 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 Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below 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
1.2800
R2 S2
1.2822
R3 S3
1.2850
R4
Commentary
S4
1.2876
Buy Above 1.2801
1.2827
1.2780
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2770
1.2740
1.2801
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD trades marginally lower on Thursday and hovers around 1.2790 mark. Today the
pair made intraday high at 1.2790 and low at 1.2771 mark. Today a day chart and H1 chart with triple
EMA suggest down trend for the time being. A sustained close above 1.2800 on H1 chart requires for
the upside rally.Alternatively, a consistent close below 1.2755 on H1 chart will check key supports too.
USD /CAD
1.2755
1.2730
1.2705
1.2680
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
133.30
R2 S2
133.55
R3 S3
133.62
R4
Commentary
S4
133.90
Buy Above 133.30
133.65
132.92
– Take Profit
– Stop Loss
Trade Idea
Sell Below 132.70
132.37
133.05
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades in narrow range on Thursday and takes a halt around 133.00
mark. The pair made intraday high at 133.19 and low at 132.60 mark. The triple EMA on a day chart
and H1 chart suggest down trend for the time being. A sustained close above 133.15 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 132.72 on H1 chart will check
further key supports.
USD /JPY
132.72
132.50
132.22
132.01
AUGUST,
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
1794
R2 S2
1799
R3 S3
1804
R4
Commentary
S4
1808
Buy Above 1792
1799
1786
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1780
1772
1788
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold depreciates on Thursday and slips back below $1,790 mark. Today the pair
made intraday high at $1,793 and low at $1,784 mark. Today a day chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $1,794 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,781 on H1 chart will test further supports.
XAU [GOLD]
USD
/
1781
1776
1772
1767
AUGUST,
2022

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