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13 June 2022
Daily Analysis Report
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Asian Bulle n: U.S. dollar starts a new week on a posi ve note, Asian stock markets in red, gold hovers around $1,860 mark
Key Headlines:
• Most Australian banks will be closed in observance of the Queen's Birthday.
• New Zealand Visitors Arrivals stand at 89.7 pct vs 446.8 pct previous release.
• Japan BSI manufacturing Index stands at -9.9 pct vs -7.6 pct previous release.
• The Turkish BDDK banking watchdog had decided to set a maximum 24-month maturity for consumer loans between 50,000 and 100,000 lira and a maximum 12-month maturity for
consumer loans over 100,000 lira ($5,814) – Reuters.
• A Republican senator is demanding answers from the Federal Reserve Bank of Kansas City a er he says it revoked a sought-a er master account that had previously been granted to
a fintech called Reserve Trust – Reuters.
• Canada isproposing that wri en health warnings be printed on individual cigare es, the first country in the world to do so,a federal minister said on Friday – Reuters.
• U.S. health officials are working to expand capabili es to test for monkeypox beyond a narrow group of public health labs, heeding calls from infec ous disease experts who say
tes ng for the virus needs to become part of rou ne care – Reuters.
• Days a er li ing its months-long lockdown, Shanghai will test most of its residents this weekend, while travellers to the United States will no longer need to present a pre-departure
COVID-19 interna onal air test from Sunday – Reuters.
• Beijing's recent outbreak of COVID-19 that has been linked to bars in the capital is "explosive" in nature, widespread in scope and complex, a Beijing government spokesman said in a
briefing on Saturday – Reuters.
• China's capital Beijing is experiencing an "explosive" COVID-19 outbreak connected to a bar, a government spokesman said on Saturday, as the commercial hub, Shanghai,conducted
mass tes ng to contain a jump in cases ed to a hair salon – Reuters.
• U.S. Food and Drug Administra on staff reviewers on Friday said Moderna Inc's COVID-19 vaccine appears safe and effec ve for use in children aged 6 months to 17 years old as a
commi ee of scien sts will meet next week to vote on whether to recommend the regulator authorize the vaccine in children – Reuters.
• Japan's Matsuno says desirable for currencies to move in line with fundamentals.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) U.K. GDP m/m, previous -0.1, expected 0.2.
• (0600 GMT/1130 IST) U.K. Goods Trade Balance, previous -23.9B, expected -20.3B.
• (0600 GMT/1130 IST) U.K. Industrial produc on, previous -0.2, expected 0.3.
• (0600 GMT/1130 IST) U.K. Manufacturing Produc on, previous -0.2, expected 0.3.
• (0800 GMT/1330 IST) Italy Unemployment Rate, previous 9.1, expected 9.0.
Economic Events Ahead:
• (1800 GMT/2330 IST) U.S. FOMC member Brainard Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.28% to 104.44 points.
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
0.7051
R2 S2
0.7072
R3 S3
0.7099
R4
Commentary
S4
0.7115
Buy Above 0.7050
0.7072
0.7026
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7000
0.6976
0.7026
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: TheAussie starts a new week on a lower note and hits fresh 4 – week low at $0.7000 mark.
Today pair made intraday high at $0.7044 and low at $0.7000 mark.Aday chart is up and H1 chart with
triple EMA suggests down trend for the time being. A sustained close above $0.7051 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7000 will check further
supports. MostAustralian banks will be closed in observance of the Queen's Birthday.
0.7000
0.6982
0.6950
0.6922
JUNE,
2022
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0522
R2 S2
1.0550
R3 S3
1.0572
R4
Commentary
S4
1.0596
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-
Time Frame: H1
EUR/USD: The euro falls duringAsian hours and hits lowest level since May 19, 2022. The pair made
intraday high at $1.0520 and low at $1.0475 mark. Today triple EMA on a day chart and H1 chart
suggest down trend for the time being. A consistent close above $1.0522 on H1 chart requires for the
upside rally.Alternatively, a sustained close below $1.0480 on H1 chart will check further supports.
EUR / USD
1.0450
1.0420
1.0400
1.0384
Buy Above 1.0522
1.0550
1.0492
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0475
1.0440
1.0502
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2022
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2315
R2 S2
1.2340
R3 S3
1.2365
R4
Commentary
S4
1.2390
Buy Above 1.2320
1.2350
1.2278
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2260
1.2220
1.2298
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling falls on Monday ahead of U.K.’s key economic data and stabilizes below
$1.2300 mark. Today pair made intraday high at $1.2321 and low at $1.2261 mark. A day chart and
H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2315 on
H1 chart will check key resistances.Alternatively, a consistent close below $1.2265 will check further
supports.
USD
1.2262
1.2230
1.2202
1.2184
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
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
1.2820
R2 S2
1.2852
R3 S3
1.2874
R4
Commentary
S4
1.2899
Buy Above 1.2822
1.2850
1.2792
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2780
1.2750
1.2812
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD weakens on Monday and jumps back above 1.2800 mark. Today the pair made
intraday high at 1.2818 and low at 1.2774 mark. Today a day chart is down and H1 chart with triple
EMA suggests up trend for the time being. A sustained close above 1.2820 on H1 chart requires for
the upside rally.Alternatively, a consistent close below 1.2780 on H1 chart will check key supports too.
USD /CAD
1.2772
1.2740
1.2715
1.2700
JUNE,
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
134.99
R2 S2
135.22
R3 S3
135.55
R4
Commentary
S4
135.86
Buy Above 135.01
135.35
134.40
– Take Profit
– Stop Loss
Trade Idea
Sell Below 134.31
133.88
134.71
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen depreciates sharply on Monday and touches 134.99 mark. The pair
made intraday high at 134.99 and low at 134.29 mark. The triple EMA on a day chart and H1 chart
suggest bullish trend for the time being. A sustained close above 134.99 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 134.40 on H1 chart will check further key supports.
USD /JPY
134.40
134.04
133.76
133.47
JUNE,
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
1878
R2 S2
1884
R3 S3
1889
R4
Commentary
S4
1894
Buy Above 1872
1880
1866
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1857
1851
1864
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold spiked up extremely in previous session and touched $1,879 mark on last
Friday. The pair made intraday high at $1,877 and low at $1,860 mark. A day chart is down and H1
chart with triple EMA suggests up trend for the time being. A sustained close above $1,878 on H1
chart requires for the upside rally. Alternatively, a consistent close below $1,858 on H1 chart will test
further supports.
XAU [GOLD]
USD
/
1858
1852
1847
1842
JUNE,
2022
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you!
Info@tpglobalfx.com
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