DAILY ANALYSIS REPORT MARCH 11 2022

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11 March 2022
Daily Analysis Report

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Asian Bulle n: Japanese yen falls gradually against U.S. dollar and hits lowest level since January 2017, Asian stock markets in red, gold hovers around $1,990 mark
Key Headlines:
• U.S. Federal Budget Balance stands at -216.6B vs 118.7B previous release.
• New Zealand FPI stands at -0.1 vs 2.7 pct previous release.
• Japan household spending stands at 6.9 pct vs -0.2 pct previous release.
• Japan BSI manufacturing Index stands at -7.6 pct vs 7.9 pct previous release.
• Six South American na ons are proposing the exclusion of fer lizer from sanc ons on Russia, a major world producer whose invasion of Ukraine has disrupted supplies, Brazil's
Agriculture Minister Tereza Cris na Dias said on Thursday – Reuters.
• Wall Street resumed its slide on Thursday, ending in the red as infla on hit a four-decade high, cemen ng expecta ons that the U.S. Federal Reserve would hike key interest rates at
the conclusion of next week's monetary policy mee ng to prevent the economy from overhea ng – Reuters.
• Global share markets slid on Thursday as U.S. infla on hit almost 8%, making it almost certain the U.S. Federal Reserve will raise interest rates next week, and the European Central
Bank sped up the end of its massive s mulus program – Reuters.
• Goldman Sachs Group Inc and JPMorgan Chase became the first U.S. banks to wind down business in Russia a er it invaded Ukraine, while Credit Suisse said it had gross exposure to
Russia of 1.6 billion Swiss francs ($1.73 billion) at the end of last year – Reuters.
• The Russian a ack on Ukraine may slow global growth and raise new economic risks, but top central banks are keeping their focus trained on an infla on fight that looks set to
intensify – Reuters.
• President Joe Biden's administra on will extend requirements for travelers to wear masks on airplanes, trains and in transit hubs through April 18 as public health authori es review
when mask requirements should be dropped, the White House confirmed – Reuters.
• Africa's top public health agency has agreed a memorandum of understanding with Pfizer to bring supplies of the pharmaceu cal firm's Paxlovid an viral COVID-19 pills to the
con nent, its director said on Thursday – Reuters.
• Hong Kong leader Carrie Lam said on Thursday it was not the me to li a ban on flights from nine countries including the United States and Britain, with plans to reopen the city
only a er the government controls a deepening coronavirus outbreak – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. Industrial Produc on, previous 0.3, expected 0.1.
• (0700 GMT/1230 IST) U.K. Manufacturing Produc on, previous 0.2, expected 0.2.
• (0900 GMT/1430 IST) Italy unemployment Rate, previous 9.2, expected 9.0.
• (1330 GMT/1900 IST) Canada Employment Change, previous -200.1K, expected 132.0K.
• (1330 GMT/1900 IST) Canada unemployment Rate, previous 6.5, expected 6.2.
• (1500 GMT/2030 IST) U.S. Prelim UoM Consumer Sen ment, previous 62.8, expected 61.4.
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 0.04% to 98.55 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
0.7376
R2 S2
0.7399
R3 S3
0.7424
R4
Commentary
S4
0.7450
Buy Above 0.7355
0.7390
0.7327
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7312
0.7271
0.7340
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie starts a new day on a lower note and hovers around $0.7350 mark. Today pair
made intraday high at $0.7367 and low at $0.7334 mark. A day chart and H1 chart with triple EMA
suggest up trend for the time being. A sustained close above $0.7367 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $0.7321 will check further supports.
0.7321
0.7300
0.7278
0.7250
MARCH,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1022
R2 S2
1.1052
R3 S3
1.1078
R4
Commentary
S4
1.1092
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-
Time Frame: H1
EUR/USD: The euro fell sharply after ECB’s dovish Monetary Policy Statement and currently hovers
around $1.1000 mark. The pair made intraday high at $1.1019 and low at $1.0980 mark. Today triple
EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above
$1.1022 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0977 on
H1 chart will check further supports.
EUR / USD
1.0974
1.0951
1.0930
1.0912
Buy Above 1.1022
1.1060
1.0990
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0970
1.0927
1.1005
– 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
1.3132
R2 S2
1.3150
R3 S3
1.3178
R4
Commentary
S4
1.3199
Buy Above 1.3130
1.3171
1.3099
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3071
1.3028
1.3101
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling moves in stiff boundaries ahead of U.K.’s various key economic results and
remains well supported below $1.3100 mark. The pair hits lowest level since November 2020. Today
pair made intraday high at $1.3104 and low at $1.3074 mark.Aday chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $1.3132 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.3080 will check further supports.
USD
1.3072
1.3038
1.3010
1.3001
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 Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2805
R2 S2
1.2840
R3 S3
1.2867
R4
Commentary
S4
1.2899
Buy Above 1.2791
1.2821
1.2765
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2750
1.2718
1.2778
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD starts a new day on a lower note ahead of Canada’s Employment Change data
and remains well supported above 1.2750 mark. Pair made intraday high at 1.2789 and low at 1.2753
mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A
sustained close above 1.2805 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 1.2750 on H1 chart will check key supports too.
USD /CAD
1.2750
1.2721
1.2700
1.2678
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
116.54
R2 S2
116.89
R3 S3
117.26
R4
Commentary
S4
117.58
Buy Above 116.48
116.72
116.15
– Take Profit
– Stop Loss
Trade Idea
Sell Below 116.10
115.80
116.36
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen weakens extremely against U.S. dollar and hits lowest level since Jan
2017. The pair made intraday high at 116.38 and low at 116.07 mark. The triple EMA on a day chart
and H1 chart suggest bullish trend for the time being. A sustained close above 116.38 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
2001
R2 S2
2009
R3 S3
2015
R4
Commentary
S4
2022
Buy Above 1999
2008
1991
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1981
1972
1987
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades marginally lower on Friday and remains well supported below $2,000
mark. Today pair made intraday high at $1,999 and low at $1,986 mark. A triple EMA on a day chart is
up and H1 chart suggests down trend for the time being. A sustained close above $1,998 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,970 will check further supports.
U.S. Prelim UoM Consumer Sentiment Data will remain in focus.
XAU [GOLD]
USD
/
1970
1962
1955
1948
MARCH,
2022

9. Thank
you!
Info@tpglobalfx.com
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