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10 March 2022
Daily Analysis Report
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Asian Bulle n: U.S. dollar trades marginally lower against major peers, Asian stock markets in green, gold stabilizes above $1,970 mark
Key Headlines:
• Japan PPI stands at 9.3 pct vs 8.9 pct previous release.
• U.K. House Price balance stands at 79 pct vs 72 pct previous release.
• Australia MI Infla on expecta ons stand at 4.9 pct vs 4.6 pct previous release.
• Global oil prices on Wednesday posted their biggest plunge since the early pandemic days nearly two years ago, a er the United Arab Emirates said the OPEC member would
support increasing output into a market in disarray because of supply disrup ons caused by sanc ons imposed on Russia a er it invaded Ukraine - Reuters.
• Companies across Europe and North America have begun offering aid to Ukrainian authori es and people fleeing war following Russia's invasion, as over two million leave their
homes and head to safety in Poland and other neighbouring countries – Reuters.
• Nestle , Philip Morris and video gamemaker Sony joined the list of mul na onals stepping back from Russia on Wednesday as pressure mounts from consumers in the West to take a
stand against the invasion of Ukraine – Reuters.
• Australian and South African miners are exploring ways to supply coal and metals consumers in Europe scrambling for alterna ve sources to Russian supply, but logis cs and cost
constraints make it difficult to rapidly boost output, companies said – Reuters.
• U.S. stocks surged on Wednesday led by financial and tech shares, rebounding from several down days as oil prices pulled back sharply a er fanning infla onary fears and investors
gauged developments in the Ukraine crisis – Reuters.
• Ontario, Canada's most populous province, said on Wednesday it would end masking requirements for most indoor spaces later this month, and scrap virtually all COVID-19-related
public health measures by end-April, ci ng the reduced threat of the pandemic – Reuters.
• The Czech Republic will drop most mask requirements, except for on public transport or in health or social care facili es, from March 14, as it winds down COVID-19 restric ons,
Health Minister Vlas mil Valek said on Wednesday – Reuters.
• South Africa's Aspen Pharmacare will start supplying its branded COVID-19 vaccine to African na ons by June, its chief execu ve told Reuters on Wednesday, a er the drugmaker
reported a 37% rise in profit for the half-year to Dec. 31 – Reuters.
• The European Union said on Wednesday it was stepping up sanc ons over Russia's invasion of Ukraine, including targe ng more Russian individuals and adding banks in Moscow's
ally Belarus – Reuters.
• Bitcoin surged on Wednesday ahead of an execu ve order that U.S. President Joe Biden will sign on digital assets which is likely to raise the legi macy of virtual currencies in the U.S.
financial system – Reuters.
• Utah-based cryptocurrency exchange CoinZoom is pausing applica ons for new accounts within Russia following the country’s escala ng conflict in Ukraine, the company’s chief
execu ve officer told Reuters.
• Russia will be excluded from all of JPMorgan's fixed income indexes on March 31, the bank said in a statement on Monday, joining rival index providers that had excluded Russian
securi es from their indexes a er Moscow's invasion of Ukraine – Reuters.
Economic Data Ahead:
• (1245 GMT/1815 IST) Euro Interest Rate Decision, previous 0.00, expected 0.00.
• (1330 GMT/1900 IST) U.S. CPI, previous 0.6, expected 0.8.
• (1330 GMT/1900 IST) U.S. Core CPI, previous 0.6, expected 0.5.
• (1330 GMT/1900 IST) U.S. Unemployment Claims weekly, previous 215K, expected 220K.
Economic Events Ahead:
• (1330 GTM/1900 IST) ECB Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.19% to 98.16 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
0.7330
R2 S2
0.7355
R3 S3
0.7376
R4
Commentary
S4
0.7399
Buy Above 0.7330
0.7355
0.7301
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7290
0.7260
0.7315
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie remains volatile in early Asian hours and remains well supported above
$0.7300 mark. Today pair made intraday high at $0.7323 and low at $0.7287 mark.Aday chart and H1
chart with triple EMA suggest up trend for the time being. A sustained close above $0.7330 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7290 will check further
supports.
0.7290
0.7272
0.7250
0.7215
MARCH,
2022
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1091
R2 S2
1.1126
R3 S3
1.1152
R4
Commentary
S4
1.1178
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-
Time Frame: H1
EUR/USD: The euro moves in stiff boundaries on Thursday ahead of ECB’s Interest Rate Decision
and stabilizes around $1.1050 mark. The pair made intraday high at $1.1078 and low at $1.1041
mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A
consistent close above $1.1091 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.1040 on H1 chart will check further supports.
EUR / USD
1.1040
1.1021
1.1001
1.0974
Buy Above 1.1076
1.1122
1.1040
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1036
1.0991
1.1072
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MARCH,
2022
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3190
R2 S2
1.3215
R3 S3
1.3240
R4
Commentary
S4
1.3272
Buy Above 1.3190
1.3240
1.3160
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3137
1.3100
1.3175
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling trades marginally lower on Thursday and hovers around $1.3170 mark.
Today pair made intraday high at $1.3187 and low at $1.3143 mark.Aday chart is down and H1 chart
with triple EMA suggests up trend for the time being. A sustained close above $1.3190 on H1 chart
will check key resistances. Alternatively, a consistent close below $1.3137 will check further
supports.
USD
1.3137
1.3112
1.3080
1.3062
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MARCH,
2022
6. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2840
R2 S2
1.2867
R3 S3
1.2899
R4
Commentary
S4
1.2922
Buy Above 1.2840
1.2870
1.2812
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2790
1.2750
1.2822
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The CAD rises gradually against U.S. dollar and hovers around 1.2800 mark. Pair made
intraday high at 1.2841 and low at 1.2791 mark. Today a day chart is up and H1 chart with triple EMA
suggests down trend for the time being. A sustained close above 1.2840 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2790 on H1 chart will check key supports too.
USD /CAD
1.2790
1.2765
1.2750
1.2721
MARCH,
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
116.35
R2 S2
116.54
R3 S3
116.89
R4
Commentary
S4
117.26
Buy Above 116.30
116.68
116.02
– Take Profit
– Stop Loss
Trade Idea
Sell Below 115.94
115.70
116.21
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen depreciates sharply and hits fresh 1 – month low at 116.19 mark. The
pair made intraday high at 116.19 and low at 115.80 mark. The triple EMAon a day chart and H1 chart
suggest up trend for the time being. A sustained close above 116.30 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 115.80 on H1 chart will check further key supports.
USD /JPY
115.80
115.62
115.40
115.12
MARCH,
2022
8. 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
1994
R2 S2
2001
R3 S3
2009
R4
Commentary
S4
2015
Buy Above 1994
2001
1986
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1970
1961
1977
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
XAU/USD (GOLD): Gold remained highly volatile in previous session and slips back below $2,000
mark. Yesterday gold touched $2,070, highest level since August 2020. Today pair made intraday
high at $1,993 and low at $1,970 mark. A triple EMA on a day chart is up and H1 chart suggests down
trend for the time being. A sustained close above $1,994 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $1,970 will check further supports.
XAU [GOLD]
USD
/
1970
1962
1955
1948
MARCH,
2022
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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