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28 January 2022
Daily Analysis Report
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analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar rose extremely against major peers on robust U.S. Advance GDP Results, Asian stock markets mixed, gold stabilizes below $1,800 mark
Key Headlines:
• Japan Tokyo Core CPI stands at 0.2 pct vs 0.5 pct previous release.
• Australia PPI stands at 1.3 pct vs 1.1 pct previous release.
• Lebanon's Finance Minister Youssef Khalil said on Thursday the 2022 budget is "an emergency budget" so that the country stays intact – Reuters.
• Wall Street gyrated wildly on Thursday, the S&P 500 once again narrowly avoiding correc on confirma on at the end of a session marked by a rally, selloff and
recovery as investors juggled posi ve economic news with mixed corporate earnings, geopoli cal unrest and the prospect of a more hawkish Federal Reserve
– Reuters.
• A huge U.S. fiscal deficit from the first two years of COVID-19 spending should decline rapidly to near pre-pandemic levels, largely due to a rebound in
economic growth, analysts at Morgan Stanley said on Thursday – Reuters.
• The Bank of Canada's decision to delay a rate hike for five more weeks will add fuel to Canada's scorching housing market as buyers scramble to clinch deals
before borrowing costs rise, realtors said – Reuters.
• A huge U.S. fiscal deficit from the first two years of COVID-19 spending should decline rapidly to near pre-pandemic levels, largely due to a rebound in
economic growth, analysts at Morgan Stanley said on Thursday – Reuters.
• Oil prices fell on Thursday a er Brent crude hit a seven-year high above $90 a barrel, as the market balanced concerns about ght worldwide supply with
expecta ons the U.S. Federal Reserve will soon ghten monetary policy – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Import Price, previous 3.0, expected 1.8.
• (0800 GMT/1330 IST) Swiss KOF Economic Barometer, previous 107, expected 106.
• (0900 GMT/1430 IST) German Prelim GDP, previous 1.7, expected -0.3.
• (1330 GMT/1900 IST) U.S. Personal Income, previous 0.4, expected 0.5.
• (1330 GMT/1900 IST) U.S. Personal Spending, previous 0.6, expected -0.6.
• (1330 GMT/1900 IST) U.S. Core PCE Price Index, previous 0.5, expected 0.5.
• (1500 GMT/2030 IST) U.S. Revised UoM Consumer Sen ment, previous 68.8, expected 68.8.
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 down 0.11% to 97.15 points.
AUD / USD
BUY SELL
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JANUARY,
2022
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
0.7050
R2 S2
0.7072
R3 S3
0.7099
R4
Commentary
S4
0.7124
Buy Above 0.7050
0.7076
0.7025
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7021
0.6992
0.7047
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie remains almost unchanged despite robust PPI results and stabilizes below
$0.7050 mark. Today pair made intraday high at $0.7045 and low at $0.7026 mark.Aday chart and H1
chart with triple EMAsuggest bearish trend for the time being.Asustained close above $0.7050 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7021 will check further
supports.
0.7021
0.7002
0.6981
0.6965
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1162
R2 S2
1.1190
R3 S3
1.1212
R4
Commentary
S4
1.1240
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-
Time Frame: H1
EUR/USD: The Euro trades flat on Friday and takes a halt around $1.1150 mark. The pair made
intraday high at $1.1155 and low at $1.1137mark. Today triple EMA on a day chart and H1 chart
suggest bearish trend for the time being. A consistent close above $1.1162 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.1137 on H1 chart will check further
supports.
EUR / USD
1.1137
1.1115
1.1100
1.1080
Buy Above 1.1165
1.1190
1.1140
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1132
1.1099
1.1160
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JANUARY,
2022
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3410
R2 S2
1.3430
R3 S3
1.3465
R4
Commentary
S4
1.3490
Buy Above 1.3411
1.3440
1.3383
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3370
1.3337
1.3405
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling recovers slightly from previous losses and hovers around $1.3400 mark.
Today pair made intraday high at $1.3404 and low at $1.3367 mark. A day chart is up and H1 chart
with triple EMAsuggests down trend for the time being.Asustained close above $1.3410 on H1 chart
will check key resistances. Alternatively, a consistent close below $1.3372 will check further
supports.
USD
1.3372
1.3357
1.3326
1.3301
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JANUARY,
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
1.2750
R2 S2
1.2772
R3 S3
1.2799
R4
Commentary
S4
1.2815
Buy Above 1.2751
1.2781
1.2722
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2711
1.2680
1.2733
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD trades slightly higher in early Asian hours and hovers around 1.2720 mark. Pair
made intraday high at 1.2748 and low at 1.2712 mark. Today a day chart is down and H1 chart with
triple EMAsuggests up trend for the time being.Asustained 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
1.2700
1.2678
1.2650
JANUARY,
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
115.47
R2 S2
115.78
R3 S3
115.99
R4
Commentary
S4
116.24
Buy Above 115.50
115.77
115.26
– Take Profit
– Stop Loss
Trade Idea
Sell Below 115.15
114.91
115.40
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen remains volatile in early Asia as Tokyo Core CPI data fails to meet
expectations and jumps back above 115.00 mark. The pair made intraday high at 115.47 and low at
115.25 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A
sustained close above 115.47 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 115.15 on H1 chart will check further key supports.
USD /JPY
115.15
114.90
114.65
114.30
JANUARY,
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
1802
R2 S2
1808
R3 S3
1814
R4
Commentary
S4
1820
Buy Above 1802
1808
1796
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1789
1784
1794
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The gold fell sharply against U.S. dollar on robust U.S. Advance GDP data and
touched $1,791 mark in previous session. Today pair made intraday high at $1,799 and low at $1,813
mark. A triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A
sustained close above $1,802 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,791 will check further supports.
XAU [GOLD]
USD
/
1791
1786
1781
1776
JANUARY,
2022
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you!
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