DAILY ANALYSIS REPORT FEBRUARY 07 2022

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07 February 2022
Daily Analysis Report

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Asian Bulle n: U.S. dollar trades almost flat against major peers, Asian stock markets mixed, gold hovers around $1,810 mark
Key Headlines:
• Australia AIG Services Index stands at 56.2 vs 49.6 previous release.
• Australia Retail Sales remains unchanged at -4.4 pct.
• China Caixin services PMI stands at 51.4 vs 53.1 previous release.
• European Central Bank Governing Council Member Klaas Knot said he expects an interest-rate increase as early as in the fourth quarter – BNN Bloomberg.
• Janet Yellen, President Joe Biden’s surprise pick as Treasury secretary in the wake of his 2020 elec on victory, says there’s too much unfinished business to think about depar ng the
role a er just over a year on the job – BNN Bloomberg.
• Italy reported 77,029 COVID-19 cases on Sunday, down from 93,157 the day before, the health ministry said, while the number of deaths decreased to 229 from 375 – Reuters.
• India has given regulatory approval to Russia's one-shot Sputnik Light COVID-19 vaccine a er it authorized Russia's main vaccine - the two-dose Sputnik V - last year, the Russian
Direct Investment Fund said on Sunday – Reuters.
• Prime Minister Jacinda Ardern urged New Zealanders on Sunday to unite in their ba le against COVID-19, as the pandemic forced the country to celebrate its na onal Waitangi Day
online – Reuters.
• South Korea on Sunday surpassed one million cumula ve COVID-19 cases since the pandemic began, as health officials reported a daily record of 38,691 new infec ons driven by an
Omicron variant outbreak – Reuters.
• Russia will ease some of its COVID-19 restric ons from Sunday, the consumer health watchdog announced on Saturday, despite repor ng a record daily number of cases as the
Omicron variant spreads across the country – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Industrial Produc on, previous -0.2, expected 0.4.
• (0700 GMT/1230 IST) U.K. HPI, previous 1.1, expected 0.9.
• (0930 GMT/1500 IST) Euro Sen x Investor Confidence, previous 14.9, expected 15.1.
Economic Events Ahead:
• (1545 GMT/2115 IST) ECB president Lagarde Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.13% to 95.61 points.

3. AUD / USD
BUY SELL
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Technical Summary
Trend Down Trend
Moving Average (Period=75) Down MA
H 1
RSI (Period=26) Down RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7090
R2 S2
0.7126
R3 S3
0.7150
R4
Commentary
S4
0.7172
Buy Above 0.7090
0.7122
0.7065
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7055
0.7021
0.7078
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie remains almost unchanged inAsian hours afterAIG Services Index and Retail
Sales data. Today pair made intraday high at $0.7085 and low at $0.7065 mark. A day chart and H1
chart with triple EMA suggest down trend for the time being. A sustained close above $0.7081 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7055 will check further
supports.
0.7055
0.7021
0.7002
0.6972
FEBRUARY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1452
R2 S2
1.1476
R3 S3
1.1490
R4
Commentary
S4
1.1518
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-
Time Frame: H1
EUR/USD: The Euro trades slightly lower ahead of German Industrial Production data and stabilizes
above $1.1400 mark. The pair made intraday high at $1.1464 and low at $1.1424 mark. Today triple
EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close
above $1.1452 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.1415 on H1 chart will check further supports.
EUR / USD
1.1415
1.1381
1.1365
1.1337
Buy Above 1.1450
1.1476
1.1422
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1412
1.1385
1.1440
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FEBRUARY,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3542
R2 S2
1.3570
R3 S3
1.3592
R4
Commentary
S4
1.3618
Buy Above 1.3540
1.3565
1.3512
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3510
1.3480
1.3532
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling starts a new week on a lower note ahead of U.K.’s HPI data and trading
around $1.3520 mark. Today pair made intraday high at $1.3546 and low at $1.3515 mark. A day
chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close
above $1.3542 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.3510 will check further supports.
USD
1.3510
1.3490
1.3465
1.3450
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FEBRUARY,
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
1.2750
R2 S2
1.2774
R3 S3
1.2798
R4
Commentary
S4
1.2815
Buy Above 1.2755
1.2780
1.2727
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2715
1.2680
1.2750
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD rises during Asian hours and remains well supported below 1.2750 mark. Pair
made intraday high at 1.2756 and low at 1.2734 mark. Today a day chart and H1 chart with triple EMA
suggest bullish trend for the time being. A sustained close above 1.2750 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2712 on H1 chart will check key supports too.
USD /CAD
1.2712
1.2680
1.2665
1.2650
FEBRUARY,
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
115.47
R2 S2
115.82
R3 S3
116.15
R4
Commentary
S4
116.52
Buy Above 115.40
115.76
115.10
– Take Profit
– Stop Loss
Trade Idea
Sell Below 115.02
114.78
115.30
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower on Monday and remains well supported above
115.00 mar. The pair made intraday high at 115.34 and low at 115.13 mark. The triple EMA on a day
chart and H1 chart suggest up trend for the time being. A sustained close above 115.36 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 114.99 on H1 chart will check
further key supports.
USD /JPY
115.12
114.80
114.62
114.37
FEBRUARY,
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
1818
R2 S2
1824
R3 S3
1830
R4
Commentary
S4
1836
Buy Above 1814
1820
1808
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1806
1799
1811
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): The gold trades slightly higher on Monday and stabilizes above $1,800 mark.
U.S. Calendar will remain empty for the day. Today pair made intraday high at $1,815 and low at
$1,807 mark. A triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A
sustained close above $1,814 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,806 will check further supports.
XAU [GOLD]
USD
/
1806
1801
1796
1790
FEBRUARY,
2022

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