DAILY ANALYSIS REPORT MARCH 17 2022

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17 March 2022
Daily Analysis Report

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Asian Bulle n: U.S. dollar weakens no ceably against major peers a er U.S. FOMC March Mee ng, Asian stock markets extremely up, gold back above $1,930 mark
Key Headlines:
• New Zealand GDP q/q stands at 3.0 pct vs -3.6 pct previous release.
• Japan Core Machinery Orders stands at -2.0 pct vs 3.1 pct previous release.
• Australia Employment Change stands at 77.4K vs 28.3K previous release.
• Australia unemployment rate stands at 4.0 pct vs 4.2 pct previous release.
• The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and laid out an aggressive plan to push borrowing costs to restric ve levels by next year
as concerns about high infla on and the war in Ukraine overtook the risks of the coronavirus pandemic – Reuters.
• The S&P 500 closed higher on Wednesday a er some choppy trading following the U.S. Federal Reserve's interest rate increase and its signal that more hikes would be needed to
fight infla on, pu ng an end to the pandemic-era easy monetary policy – Reuters.
• Federal Reserve policymakershave made "excellent progress" on their plan for reducing the central bank's nearly $9 trillion balance sheet, and could finalize details at their next
policy mee ng in May, Fed Chair Jerome Powell said on Wednesday – Reuters.
• Mexico should enact a series of reforms to boost the country's low produc vity, the World Bank said in a report released on Wednesday – Reuters.
• At least 10 vessels carrying Russia-linked cargoes of crude and refined products were approaching the United States on Wednesday, as suppliers rushed to deliver ahead of the U.S.
government's deadline to wind down Russian energy purchases, data from traders and Refini v Eikon showed – Reuters.
• China's public health governance is expected to come under acute pressure in coming weeks as the biggest wave of COVID-19 cases since the 2020 Wuhan outbreak stretches
medical resources, tests the country's ability to contain infec ons and strains the economy – Reuters.
• Figures showing a global rise in COVID-19 cases could herald a much bigger problem as some countries also report a drop in tes ng rates, the WHO said on Tuesday, warning na ons
to remain vigilant against the virus – Reuters.
• COVID-19 infec ons and deaths are declining in most of the Americas, the Pan American Health Organiza on (PAHO) said on Wednesday – Reuters.
• China-based Sinovac Biotech Ltd's COVID-19 vaccine was 38.2% effec ve in preven ng infec ons during the Omicron wave in children aged three to five years, a study in Chile
showed – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) Swiss Trade Balance, previous 3.18B, expected 4.20B.
• (1200 GMT/1730 IST) U.K. Interest Rate Decision, previous 0.50, expected 0.75.
• (1230 GMT/1800 IST) U.S. Philly Fed Manufacturing Index, previous 16, expected 15.1.
• (1230 GMT/1800 IST) U.S. Unemployment Claims Weekly, 227K, expected 221K.
• (1230 GMT/1800 IST) U.S. Building Permits, previous 1.90M, expected 1.84M.
• (1230 GMT/1800 IST) U.S. Housing Starts, previous 1.64M, expected 1.70M.
• (1315 GMT/1845 IST) U.S. Industrial Produc on, previous 1.4, expected 0.5.
Economic Events Ahead:
• (0930 GMT/1500 IST) ECB President Lagarde Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.29% to 98.33 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
0.7320
R2 S2
0.7350
R3 S3
0.7376
R4
Commentary
S4
0.7399
Buy Above 0.7322
0.7348
0.7292
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7280
0.7252
0.7305
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie rose sharply on Thursday after robust Retail Sales data and jumps back above
$0.7300 mark. Today pair made intraday high at $0.7320 and low at $0.7282 mark.Aday chart and H1
chart with triple EMA suggest up trend for the time being. A sustained close above $0.7320 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7280 will check further
supports.
0.7280
0.7255
0.7221
0.7201
MARCH,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1051
R2 S2
1.1078
R3 S3
1.1099
R4
Commentary
S4
1.1126
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-
Time Frame: H1
EUR/USD: The euro trades flat in early Asia and jumps back above $1.1000 mark. The pair made
intraday high at $1.1052 and low at $1.1007 mark. Today triple EMA on a day chart is down and H1
chart suggests up trend for the time being. Aconsistent close above $1.1051 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.1000 on H1 chart will check further
supports.
EUR / USD
1.1001
1.0982
1.0955
1.0930
Buy Above 1.1054
1.1092
1.1021
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1010
1.0968
1.1030
– 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
1.3172
R2 S2
1.3199
R3 S3
1.3226
R4
Commentary
S4
1.3254
Buy Above 1.3176
1.3212
1.3140
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3138
1.3101
1.3171
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling exhibits range bound movement and consolidates around $1.3150 mark
ahead of U.K.’s Interest Rate Decision due at 1200 GMT. Today pair made intraday high at $1.3163
and low at $1.3125 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the
time being. A sustained close above $1.3172 on H1 chart will check key resistances. Alternatively, a
consistent close below $1.3130 will check further supports.
USD
1.3130
1.3100
1.3080
1.3055
GBP/
Trends UpTrend
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
1.2690
R2 S2
1.2722
R3 S3
1.2750
R4
Commentary
S4
1.2772
Buy Above 1.2700
1.2731
1.2670
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2665
1.2630
1.2692
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The CAD strengthens on Thursday and slips back below 1.2700 mark. Pair made intraday
high at 1.2698 and low at 1.2668 mark. Today a day chart is up and H1 chart with triple EMAsuggests
down trend for the time being. A sustained close above 1.2690 on H1 chart requires for the upside
rally.Alternatively, a consistent close below 1.2650 on H1 chart will check key supports too.
USD /CAD
1.2650
1.2612
1.2580
1.2562
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
119.12
R2 S2
119.56
R3 S3
119.88
R4
Commentary
S4
120.24
Buy Above 118.92
119.21
118.65
– Take Profit
– Stop Loss
Trade Idea
Sell Below 118.38
118.01
118.75
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen remains slightly volatile in early Asian and touches 119.02 mark on
opening hours.The pair made intraday high at 119.02 and low at 118.62 mark.The triple EMAon a day
chart and H1 chart suggest bullish trend for the time being. A sustained close above 118.90 on H1
chart requires for the upside rally.Alternatively, a consistent close below 118.40 on H1 chart will check
further key supports.
USD /JPY
118.40
118.12
117.90
117.65
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
1938
R2 S2
1942
R3 S3
1948
R4
Commentary
S4
1954
Buy Above 1941
1950
1934
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1921
1914
1928
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
XAU/USD (GOLD): Gold strengthens immediately after FOMC’s Interest rate hike as per
expectations. Today pair made intraday high at $1,938 and low at $1,923 mark.Atriple EMAon a day
chart and H1 chart suggest up trend for the time being. A sustained close above $1,938 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,921 will check further supports.
Traders eye U.S. Industrial Production data for the further directions.
XAU [GOLD]
USD
/
1921
1915
1909
1901
MARCH,
2022

9. Thank
you!
Info@tpglobalfx.com
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