DAILY ANALYSIS REPORT MARCH 22 2022

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22 March 2022
Daily Analysis Report

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Asian Bulle n: Japanese yen hits lowest level since Feb 2016, Asian stock markets mixed, gold stabilizes above $1,930 mark
Key Headlines:
• New Zealand Westpac Consumer Sen ment stands at 92.1 vs 99.1 previous release.
• Federal funds rate futures on Monday raised the chances of a half percentage-point ghtening by the Federal Reserve at the next policy mee ng in May, a er hawkish comments
from Fed Chair Jerome Powell – Reuters.
• Senior White House cybersecurity official Anne Neuberger said on Monday that important U.S. companies that provide cri cal infrastructure should improve their cyber defensive
posture because of ongoing digital threats from Russia – Reuters.
• Cryptocurrency investment products and funds showed net ou lows for a second straight week, a report from digital asset manager CoinShares showed on Monday – Reuters.
• Ghana's central bank announced its biggest ever interest rate hike on Monday as it seeks to slow rampant infla on that threatens to create a debt crisis in one of West Africa's
largest economies – Reuters.
• The following is a summary of some recent studies on COVID-19. They include research that warrants further study to corroborate the findings and that has yet to be cer fied by
peer review – Reuters.
• Romania has reported a new outbreak of highly pathogenic H5N1 avian influenza, commonly called bird flu, on a farm in the south of the country, the World Organisa on for Animal
Health (OIE) said on Monday – Reuters.
• Italy reported 32,573 COVID-19 related cases on Monday, against 60,415 the day before, the health ministry said, while the number of deaths rose to 119 from 93 – Reuters.
• The U.S. drug regulator said on Monday a panel of independent advisers will meet on April 6 to discuss considera ons for use of COVID-19 vaccine booster doses – Reuters.
• Indonesia has removed its quaran ne requirement for all arrivals from overseas, its tourism minister said on Monday, responding to improvements in its containment of the
coronavirus – Reuters.
• South Korea has reached a deal to buy 10 million doses of the country's first experimental coronavirus vaccine, developed by SK Bioscience Co Ltd , authori es said on Monday –
Reuters.
• Moderna Inc said on Monday it has signed a new agreement with Switzerland for the supply of another seven million doses of its COVID-19 booster vaccine for delivery in 2023 –
Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. Public Sector Net Borrowing, previous -3.7B, expected 8.5B.
• (0900 GMT/1430 IST) Euro Current Account, previous 22.6B, expected 24.3B.
• (1100 GMT/1630 IST) U.K. CBI industrial order Expecta ons, previous 20, expected 16.
• (1230 GMT/1800 IST) Canada IPPI (Industrial Product Price Index), previous 3.0, expected 2.6.
• (1400 GMT/1930 IST) U.S. Richmond Manufacturing Index, previous 1, expected 2.
Economic Events Ahead:
• (1315 GMT/1845 IST) ECB president Lagarde Speaks.
• (1435 GMT/2005 IST) FOMC member Williams Speaks.
• (1515 GMT/2045 IST) Swiss SNB Chairman Jordan Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.15% to 98.65 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
0.7426
R2 S2
0.7455
R3 S3
0.7478
R4
Commentary
S4
0.7505
Buy Above 0.7402
0.7430
0.7375
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7368
0.7340
0.7398
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades marginally lower on Tuesday and hovers around $0.7400 mark. Today
pair made intraday high at $0.7402 and low at $0.7375 mark.Aday chart and H1 chart with triple EMA
suggest up trend for the time being. A sustained close above $0.7399 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $0.7355 will check further supports.
0.7355
0.7315
0.7300
0.7282
MARCH,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1030
R2 S2
1.1054
R3 S3
1.1076
R4
Commentary
S4
1.1099
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-
Time Frame: H1
EUR/USD: The euro weakens drastically against U.S. dollar and consolidates around $1.1000 mark.
The pair made intraday high at $1.1025 and low at $1.0981 mark. Today triple EMAon a day chart and
H1 chart suggest down trend for the time being. A consistent close above $1.1030 on H1 chart
requires for the upside rally. Alternatively, a sustained close below $1.0980 on H1 chart will check
further supports.
EUR / USD
1.0980
1.0958
1.0924
1.0901
Buy Above 1.1030
1.1055
1.1005
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0980
1.0952
1.1012
– 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
1.3172
R2 S2
1.3199
R3 S3
1.3226
R4
Commentary
S4
1.3254
Buy Above 1.3170
1.3199
1.3148
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3125
1.3100
1.3150
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling enjoys roller coaster movement and remains well supported above $1.3120
mark. Today pair made intraday high at $1.3171 and low at $1.3132 mark. A day chart and H1 chart
with triple EMA suggest bearish trend for the time being. A sustained close above $1.3172 on H1
chart will check key resistances. Alternatively, a consistent close below $1.3126 will check further
supports.
USD
1.3126
1.3100
1.3080
1.3055
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
1.2615
R2 S2
1.2640
R3 S3
1.2678
R4
Commentary
S4
1.2699
Buy Above 1.2605
1.2632
1.2582
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2565
1.2522
1.2590
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD starts a new day on a positive note and remains well supported below 1.2600
mark. Pair made intraday high at 1.2603 and low at 1.2570 mark. Today a day chart and H1 chart with
triple EMA suggest bearish trend for the time being. A sustained close above 1.2600 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2570 on H1 chart will check key
supports too.
USD /CAD
1.2555
1.2530
1.2512
1.2490
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
120.24
R2 S2
120.58
R3 S3
120.86
R4
Commentary
S4
121.22
Buy Above 120.09
120.40
119.75
– Take Profit
– Stop Loss
Trade Idea
Sell Below 119.61
119.25
119.91
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen depreciates sharply in opening hours and touches 120.07 mark, lowest
level since Feb 2016. The pair made intraday high at 120.07 and low at 119.43 mark. The triple EMA
on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 120.05
on H1 chart requires for the upside rally.Alternatively, a consistent close below 119.50 on H1 chart will
check further key supports.
USD /JPY
119.50
119.12
118.72
118.50
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
1955
Buy Above 1932
1938
1926
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1918
1910
1924
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold moves in stiff boundaries and consolidates around $1,932 mark. Today pair
made intraday high at $1,937 and low at $1,929 mark. A triple EMA on 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.
XAU [GOLD]
USD
/
1921
1916
1909
1904
MARCH,
2022

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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