DAILY ANALYSIS REPORT MARCH 16 2022

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16 March 2022
Daily Analysis Report

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Asian Bulle n: U.S. dollar trades almost flat against major peers as traders eye U.S. Fed Mee ng, most Asian stock markets in green, gold stabilizes below $1,920 mark
Key Headlines:
• New Zealand Current Account stands at -7.26B vs -8.25B previous release.
• Australia MI leading Index stands at -0.15 pct vs -0.3 pct previous release.
• Japan Trade Balance stands at -1.03T vs -0.78T previous release.
• NATO chief calls extraordinary summit next week in Brussels – Timesofindia.
• Russia has launched 'exit procedure' from Council of Europe – Timesofindia.
• Biden to a end EU summit in Brussels next week: EU official – Timesofindia.
• Russia's invasion of Ukraine will affect the en re global economy by slowing growth and jacking up infla on, and could fundamentally reshape the global economic order in the
longer term, the Interna onal Monetary Fund (IMF) said on Tuesday – Timesofindia.
• Poland on Tuesday called for a NATO peace mission "protected by armed forces" to help Ukraine. "This cannot be an unarmed mission," Vice Premier Jaroslaw Kaczynski was quoted
as saying by the Polish news agency PAP during a visit to Kyiv – Timesofindia.
• US President Joe Biden will announce $800 million in new security assistance to Ukraine Wednesday, a White House official said, with the announcement set to come soon a er
Ukrainian President Volodymyr Zelensky addresses the US Congress – Timesofindia.
• Turkish foreign minister to visit Russia and Ukraine this week: Erdogan – Timesofindia.
• European leaders visit Kyiv, Zelenskyy hints at compromise outside Nato – Timesofindia.
• Biden NATO trip to 'reaffirm our iron-clad commitment' to allies: White House – Timeofindia.
• The White House will reopen to the public next month a er being shu ered two years amid the COVID-19 pandemic, it said on Tuesday, with the U.S. Capitol reportedly also
weighing plans – Reuters.
• Pfizer Inc and its German partner BioNTech SE will seek emergency use authoriza on for a second booster shot of their COVID-19 vaccine for people aged 65 and older as soon as
Tuesday, the Washington Post reported – Reuters.
• The European Union is planning to buy and distribute vaccines against measles, polio, tuberculosis and COVID-19 to immunise Ukrainian children and other unvaccinated Ukrainian
refugees, EU health commissioner Stella Kyriakides said on Tuesday – Reuters.
• The U.S. government will run out of supplies of COVID-19 treatments known as monoclonal an bodies as soon as late May and will have to scale back plans to get more unless
Congress provides more funding, the White House said on Tuesday – Reuters.
• A growing number of drugmakers including Eli Lilly and Co , Novar s and Abbvie Inc are scaling back business in Russia a er Moscow's invasion of Ukraine, but s ll pledge to
con nue supplying cri cal medicines – Reuters.
• The wearing of masks in public in Namibia and nega ve PCR tests for vaccinated visitors are no longer required, President Hage Geingob said on Tuesday, as ac ve COVID-19 cases
fall to just a couple of hundred – Reuters.
• Another drop in oil prices and a so er-than-expected reading on producer prices helped ease infla on fears among investors – Reuters.
• Sarah Bloom Raskin on Tuesday withdrew as President Joe Biden's nominee to become the top bank regulator at the Federal Reserve, one day a er a key Democra c senator and
moderate Republicans said they would not back her, leaving no path to confirma on by the full Senate – Reuters.
Economic Data Ahead:
• (1230 GMT/1800 IST) Canada CPI, previous 0.9, expected 0.9.
• (1230 GMT/1800 IST) Canada Core CPI, previous 0.8.
• (1230 GMT/1800 IST) U.S. Retail Sales, previous 3.8, expected 0.4.
• (1230 GMT/1800 IST) U.S. Core Retail Sales, previous 3.3, expected 0.9.
• (1800 GMT/2330 IST) U.S. FOMC Interest Rate Decision, previous 0.25, expected 0.50.
Economic Events Ahead:
• (1830 GMT/0000 IST) U.S. FOMC Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.22% to 98.88 points.

3. 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
0.7230
R2 S2
0.7255
R3 S3
0.7272
R4
Commentary
S4
0.7299
Buy Above 0.7230
0.7265
0.7202
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7168
0.7137
0.7205
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades in narrow range on Wednesday and consolidates around $0.7200
mark. Today pair made intraday high at $0.7210 and low at $0.7180 mark. A day chart is up and H1
chart with triple EMAsuggests down trend for the time being.Asustained close above $0.7230 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7171 will check further
supports.
0.7171
0.7150
0.7115
0.7100
MARCH,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0982
R2 S2
1.1005
R3 S3
1.1022
R4
Commentary
S4
1.1054
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-
Time Frame: H1
EUR/USD: The euro trades slightly up in earlyAsia and remains well supported above $1.0950 mark.
The pair made intraday high at $1.0977 and low at $1.0947 mark. Today triple EMAon a day chart and
H1 chart suggest down trend for the time being. A consistent close above $1.0982 on H1 chart
requires for the upside rally. Alternatively, a sustained close below $1.0950 on H1 chart will check
further supports.
EUR / USD
1.0950
1.0902
1.0876
1.0850
Buy Above 1.0992
1.1030
1.0952
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0940
1.0901
1.0972
– 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
1.3072
R2 S2
1.3096
R3 S3
1.3122
R4
Commentary
S4
1.3154
Buy Above 1.3072
1.3120
1.3037
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3021
1.2980
1.3058
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling moves in rigid boundaries and consolidates around $1.3050 mark. Today
pair made intraday high at $1.3057 and low at $1.3025 mark.Aday chart and H1 chart with triple EMA
suggest bearish trend for the time being.Asustained close above $1.3072 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.3030 will check further supports.
USD
1.3030
1.2998
1.2981
1.2955
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
1.2781
R2 S2
1.2800
R3 S3
1.2815
R4
Commentary
S4
1.2840
Buy Above 1.2781
1.2815
1.2755
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2750
1.2715
1.2780
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The CAD trades in narrow range on Wednesday ahead of Canada’s CPI data and
stabilizes around $1.2760 mark. Pair made intraday high at 1.2775 and low at 1.2755 mark. Today a
day chart is up and H1 chart with triple EMAsuggests down trend for the time being.Asustained close
above 1.2781 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
1.2690
1.2662
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
118.50
R2 S2
118.76
R3 S3
118.99
R4
Commentary
S4
119.28
Buy Above 118.45
118.81
118.10
– Take Profit
– Stop Loss
Trade Idea
Sell Below 118.00
117.57
118.31
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen takes halt around 118.45 mark but remain well supported above 118.00
mark. The pair made intraday high at 118.42 and low at 118.20 mark. The triple EMA on a day chart
and H1 chart suggest bullish trend for the time being. A sustained close above 118.50 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 117.90 on H1 chart will check
further key supports.
USD /JPY
117.90
117.65
117.34
117.00
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
1924
R2 S2
1930
R3 S3
1936
R4
Commentary
S4
1942
Buy Above 1924
1932
1917
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1911
1901
1918
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
XAU/USD (GOLD): Gold weakens drastically ahead of U.S. FOMC Meetings due today at 1800 GMT
and remains well supported below $1,920 mark. Today pair made intraday high at $1,924 and low at
$1,915 mark.Atriple EMAon a day chart is up and H1 chart suggests down trend for the time being.A
sustained close above $1,924 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,911 will check further supports.Traders eye U.S. FOMC Meeting due tomorrow.
XAU [GOLD]
USD
/
1911
1906
1898
1891
MARCH,
2022

9. Thank
you!
Info@tpglobalfx.com
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