DAILY ANALYSIS REPORT MARCH 07 2022b

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07 March 2022
Daily Analysis Report

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Asian Bulle n: U.S. dollar remains extremely vola le against major peers amid Pu n’s aggressive call on Ukraine to surrender, Asian stock markets in red, gold touches $2,000 mark in opening
Asian hours
Key Headlines:
• Australia AIG services index stands at 60.0 vs 56.2 previous release.
• Hong Kong reported 31,008 new COVID-19 cases and 153 deaths on Sunday as the city's chief secretary said residents should not worry about a looming mass tes ng scheme –
Reuters.
• The Chinese port city of Qingdao reported 88 new coronavirus cases for March 5, all of them of the Omicron variant, fuelling China's highest number of daily locally transmi ed
cases so far this year – Reuters.
• China will cope with local COVID-19 outbreaks in a "science-based, targeted" manner to maintain the normal order of life, according to a government work report released at the
open of the country's annual mee ng of parliament on Saturday – Reuters.
• U.S. Secretary of state Blinken says U.S. is talking to European partners to look at the prospect of banning the import of Russian oil.
• WTI oil prices top $130 a barrel for first me since 2008.
• Russia warns other countries to not host Ukraine army jets.
• Euro drops below parity with Swiss franc, first me since 2015.
• Police detained more than 4,300 people on Sunday at Russia-wide protests against President Vladimir Pu n's invasion of Ukraine, according to an independent protest monitoring
group – Reuters.
• Ukraine will ask the United Na ons' top court on Monday to issue an emergency ruling requiring Russia to stop its invasion, arguing that Moscow's jus fica on for the a ack is
based on a faulty interpreta on of genocide law – Reuters.
• he United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on Sunday, and the White House coordinated with key
Congressional commi ees moving forward with their own ban – Reuters.
• Britain will provide $100 million (75.6 million pounds) to Ukraine through the World Bank, seeking to keep core state func ons running and mi gate financial pressures caused by
Russia's invasion, Prime Minister Boris Johnson's office said – Reuters.
• Russian forces that seized Ukraine's Zaporizhzhia nuclear power plant have now placed staff running the facility under their command and restricted communica ons with the
outside world, the U.N. nuclear watchdog said on Sunday – Reuters.
• U.S. Secretary of State Antony Blinken and Ukrainian Foreign Minister Dmytro Kuleba met on Ukraine's border with Poland on Saturday to discuss Western efforts to support Ukraine
and isolate Russia during the current war, now in its 10th day – Reuters.
• Figh ng stopped about 200,000 people from evacua ng the besieged Ukrainian city of Mariupol for a second day in a row on Sunday, as Russian President Vladimir Pu n vowed to
press ahead with his invasion unless Kyiv surrendered – Reuters.
• U.S. House of Representa ves Speaker Nancy Pelosi on Sunday said the chamber is "exploring" legisla on to ban import of Russian oil and that Congress intends to enact this week
$10 billion in aid for Ukraine in response to Russia's military invasion of its neighbor – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Factory Orders, previous 2.8, expected 0.9.
• (0700 GMT/1230 IST) German Retail Sales, previous -5.5, expected 1.9.
• (0800 GMT/1330 IST) Swiss Foreign Currency Reserves, previous 947B.
• (0930 GMT/1500 IST) Euro Sen x Investor Confidence, previous 16.6, expected 5.1.
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 0.44% to 99.08 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
0.7450
R2 S2
0.7476
R3 S3
0.7501
R4
Commentary
S4
0.7530
Buy Above 0.7451
0.7481
0.7420
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7386
0.7340
0.7415
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie starts a new week on a positive note and hits highest level since Nov 04, 2021.
Today pair made intraday high at $0.7441 and low at $0.7354 mark. A day chart and H1 chart with
triple EMA suggest bullish trend for the time being. A sustained close above $0.7450 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7390 will check further
supports.
0.7390
0.7372
0.7340
0.7312
MARCH,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0905
R2 S2
1.0926
R3 S3
1.0955
R4
Commentary
S4
1.0978
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-
Time Frame: H1
EUR/USD: The euro depreciates extremely and hits lowest level since May 2020. The pair made
intraday high at $1.0884 and low at $1.0821 mark. Today triple EMA on a day chart and H1 chart
suggest bearish trend for the time being. A consistent close above $1.0905 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.0840 on H1 chart will check further
supports.
EUR / USD
1.0821
1.0785
1.0762
1.0737
Buy Above 1.0910
1.0950
1.0880
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0841
1.0800
1.0870
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MARCH,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3250
R2 S2
1.3276
R3 S3
1.3299
R4
Commentary
S4
1.3315
Buy Above 1.3240
1.3277
1.3210
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3180
1.3137
1.3215
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling remains slightly volatile during Asian hours and hovers around $1.3200
mark. Today pair made intraday high at $1.3237 and low at $1.3185 mark. A day chart and H1 chart
with triple EMAsuggests down trend for the time being.Asustained close above $1.3250 on H1 chart
will check key resistances. Alternatively, a consistent close below $1.3200 will check further
supports.
USD
1.3200
1.3178
1.3155
1.3118
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MARCH,
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
1.2740
R2 S2
1.2772
R3 S3
1.2799
R4
Commentary
S4
1.2815
Buy Above 1.2740
1.2776
1.2715
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2700
1.2665
1.2730
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The CAD enjoys roller coaster movement and remains well supported above 1.2700
mark. Pair made intraday high at 1.2756 and low at 1.2710 mark. Today a day chart and H1 chart with
triple EMA suggest bullish trend for the time being. A sustained close above 1.2740 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2690 on H1 chart will check key
supports too.
USD /CAD
1.2690
1.2650
1.2615
1.2600
MARCH,
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
115.21
R2 S2
115.50
R3 S3
115.75
R4
Commentary
S4
115.90
Buy Above 115.20
115.48
114.96
– Take Profit
– Stop Loss
Trade Idea
Sell Below 114.78
114.51
115.00
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen trades marginally higher on Monday and remains well supported below
115.00 mark. The pair made intraday high at 115.06 and low at 114.80 mark. The triple EMA on a day
chart is up and H1 chart suggests down trend for the time being. A sustained close above 115.21 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 114.80 on H1 chart will
check further key supports.
USD /JPY
114.80
114.65
114.30
114.05
MARCH,
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
2008
R2 S2
2015
R3 S3
2022
R4
Commentary
S4
2030
Buy Above 1994
2001
1989
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1982
1974
1987
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold strengthens sharply on Monday and hits highest levels since Aug 17, 2020.
Today pair made intraday high at $2,000 and low at $1,970 mark. A triple EMA on a day chart and H1
chart suggest bullish trend for the time being.Asustained close above $1,999 on H1 chart requires for
the upside rally. Alternatively, a consistent close below $1,984 will check further supports. U.S.
Economic Calendar will remain empty for the day.
XAU [GOLD]
USD
/
1984
1978
1970
1962
MARCH,
2022

9. Thank
you!
Info@tpglobalfx.com
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