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07 April 2022
Daily Analysis Report
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Asian Bulle n: Aussie falls sharply a er AIG Services Index, Trade Balance data; Asian stock markets in red, gold hovers around $1,920 mark
Key Headlines:
• Australia AIG Services Index stands at 56.2 vs 60.0 previous release.
• Australia Trade balance stands at 7.46B vs 11.79B previous release.
• Federal Reserve officials in March "generally agreed" to cut up to $95 billion a month from the central bank's asset holdings as another tool in the fight against surging infla on, even
as the war in Ukraine tempered the first U.S. interest rate increase – Reuters.
• U.S. workers and labor groups filed 57% more pe ons to be represented by unions in the last six months as high-profile organizing campaigns at Starbucks Corp, Amazon.com Inc
and other companies have taken off – Reuters.
• The Federal Reserve might have raised interest rates by half a percentage point last month to deal a more decisive blow to soaring infla on, but Russia's invasion of Ukraine gave
policymakers cold feet, minutes of the U.S. central bank's March mee ng showed on Wednesday – Reuters.
• Stock indexes held losses on Wednesday a er the Federal Reserve released minutes from its last mee ng, showing details of the central bank's balance sheet runoff, while the U.S
dollar index hit its highest since late last May – Reuters.
• Britain's GlaxoSmithKline said on Wednesday its consumer arm stopped imports of supplements and vitamins into Russia as the drugmaker seeks to minimise es with Moscow over
its invasion of Ukraine – Reuters.
• COVID-19 infec ons and deaths have dropped across most countries and territories in the Americas over the past few weeks but the risk of further surges cannot be ignored as
restric ons are relaxed and 240 million people remain unvaccinated, the Pan American Health Organiza on (PAHO) said on Wednesday – Reuters.
• India's first case of coronavirus variant XE was detected in Mumbai, NDTV reported on Wednesday – Reuters.
• Canada's Ontario province said Wednesday it will start offering a fourth dose of COVID-19 vaccines to people aged 60 and over, as well as to all adults in indigenous households from
Thursday – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) German Industrial produc on, previous 2.7, expected 0.1.
• (0600 GMT/1130 IST) U.K. Halifax HPI, previous 0.5, expected 0.9.
• (0700 GMT/1230 IST) Swiss Foreign Currency Reserves, previous 938B.
• (0900 GMT/1430 IST) Euro Retail Sales, previous 0.2, expected 0.6.
• (1230 GMT/1800 IST) U.S. Unemployment Claims weekly, previous 202K, expected 201K.
Economic Events Ahead:
• (1130 GMT/1700 IST) ECB Monetary Policy Mee ng Account.
• (1300 GMT/1830 IST) U.S. FOMC Member Bullard Speaks.
• (1430 GMT/2000 IST) U.S. Treasury Sec Yellen Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.06% to 99.54 points.
3. 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
0.7530
R2 S2
0.7555
R3 S3
0.7576
R4
Commentary
S4
0.7599
Buy Above 0.7502
0.7530
0.7478
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7470
0.7450
0.7499
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie weakens sharply in early Asia as AIG Services Index and Trade Balance data
miss expectations. Today pair made intraday high at $0.7518 and low at $0.7482 mark. A day chart is
up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above
$0.7520 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7470 will
check further supports.
0.7470
0.7440
0.7412
0.7491
APRIL,
2022
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0940
R2 S2
1.0972
R3 S3
1.0999
R4
Commentary
S4
1.1026
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-
Time Frame: H1
EUR/USD: The euro trades flat on Thursday ahead of ECB’s Monetary Policy Meeting Accounts and
trading around $1.0900 mark. The pair made intraday high at $1.0912 and low at $1.0888 mark.
Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent
close above $1.0940 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.0870 on H1 chart will check further supports.
EUR / USD
1.0870
1.0840
1.0812
1.0800
Buy Above 1.0938
1.0972
1.0905
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0870
1.0840
1.0899
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
APRIL,
2022
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3099
R2 S2
1.3112
R3 S3
1.3130
R4
Commentary
S4
1.3176
Buy Above 1.3090
1.3118
1.3070
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3067
1.3045
1.3088
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The Sterling starts a new day on a flat note and remains well supported above $1.3050
mark. Today pair made intraday high at $1.3083 and low at $1.3060 mark. A day chart and H1 chart
with triple EMA suggest down trend for the time being. A sustained close above $1.3099 on H1 chart
will check key resistances. Alternatively, a consistent close below $1.3050 will check further
supports.
USD
1.3050
1.3021
1.3001
1.2978
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
APRIL,
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
1.2570
R2 S2
1.2599
R3 S3
1.2626
R4
Commentary
S4
1.2650
Buy Above 1.2570
1.2599
1.2550
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2540
1.2512
1.2568
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD fell sharply in previous session despite robust Ivey PMI data and jumps back
above 1.2550 mark. The pair made intraday high at 1.2568 and low at 1.2531 mark. Today a day chart
is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
1.2570 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2540 on H1
chart will check key supports too. Canada’s Economic Calendar will remain empty for the day.
USD /CAD
1.2540
1.2510
1.2490
1.2472
APRIL,
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
124.12
R2 S2
124.28
R3 S3
124.46
R4
Commentary
S4
124.78
Buy Above 123.98
124.32
123.62
– Take Profit
– Stop Loss
Trade Idea
Sell Below 123.41
123.18
123.76
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades in narrow range on Thursday and remains well supported above
123.50 mark. The pair made intraday high at 123.93 and low at 123.46 mark. The triple EMAon a day
chart and H1 chart suggest bullish trend for the time being. A sustained close above 123.93 on H1
chart requires for the upside rally.Alternatively, a consistent close below 123.30 on H1 chart will check
further key supports.
USD /JPY
123.30
123.00
122.81
122.55
APRIL,
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
1931
R2 S2
1938
R3 S3
1944
R4
Commentary
S4
1950
Buy Above 1930
1937
1924
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1915
1908
1921
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained highly volatile in previous session and currently trading around
$1,920 mark. Today pair made intraday high at $1,927 and low at $1,920 mark. A triple EMA on a day
chart is up and H1 chart suggests down trend for the time being. A sustained close above $1,930 on
H1 chart requires for the upside rally. Alternatively, a consistent close below $1,915 will check further
supports.
XAU [GOLD]
USD
/
1915
1909
1904
1898
APRIL,
2022
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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