DAILY ANALYSIS REPORT MARCH 29 2022

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29 March 2022
Daily Analysis Report

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Asian Bulle n: Australian dollar remains vola le in early on robust retail sales data, Asian stock markets mixed, gold stabilizes above $1,920 mark
Key Headlines:
• Japan unemployment rate stands at 2.7 pct vs 2.8 pct previous release.
• Australia Retail Sales remain unchanged at 1.8 pct.
• The spread between the yields of five-year and 30-year U.S. Treasuries turned nega ve for the first me since 2006 on Monday as investors price in an aggressive rate-hiking plan by
the Federal Reserve as it a empts to bring infla on down from 40-year highs – Reuters.
• The U.S. Treasury on Monday proposed a new mechanism to comply with and enforce a 15% global corporate minimum tax agreed to last year by 136 countries, partly by denying
deduc ons for taxes paid in jurisdic ons with lower rates – Reuters.
• The S&P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold
their first face-to-face peace talks in more than two weeks – Reuters.
• The U.S. Centers for Disease Control and Preven on (CDC) and State Department eased government COVID-19 travel ra ngs for India and some other countries on Monday –
Reuters.
• German Chancellor Olaf Scholz said on Monday he did not agree with a planned intellectual property waiver for COVID-19 vaccines as patents are a crucial way of encouraging
companies to con nue pushing ahead with new research – Reuters.
• Shanghai launched a two-stage lockdown of its 26 million residents on Monday, closing bridges and tunnels and restric ng highway traffic in a scramble to contain surging COVID-19
cases – Reuters.
• French health authori es said on Monday the number of pa ents hospitalised for COVID-19 over the past 24 hours jumped by 467 to 21,073, the highest daily rise since Feb 1 –
Reuters.
• Pfizer's oral COVID-19 therapy will be evaluated as a poten al treatment for pa ents hospitalised with the illness in a major Bri sh trial, scien sts said on Monday, as cases rise in
some parts of the world – Reuters.
• Hong Kong reported 7,685 new COVID-19 cases on Monday, down slightly from the previous day, as infec ons in the global financial hub gradually stabilise and the government
eases some coronavirus restric ons – Reuters.
• Ukraine said its top objec ve at the first face-to-face talks with Russia in over two weeks, due to take place in Turkey on Tuesday, is to secure a ceasefire, although both it and the
United States were skep cal of a major breakthrough (Reuters) – Timesofindia.
• The United Na ons chief has launched an ini a ve to immediately explore possible arrangements for 'a humanitarian ceasefire in Ukraine' in order to allow the delivery of
desperately-needed aid and pave the way for serious poli cal nego a ons to end the month-long war (AP) – Timesofindia.
• Ukrainians claim to have retaken a Kyiv suburb – Timesofindia.
• US President Joe Biden on Monday said his remark that Russian President Vladimir Pu n should not remain in power reflected his own moral outrage at Russia's invasion of Ukraine,
not a US policy shi – Reuters.
• Ukraine and Russia were preparing on Monday for the first face-to-face peace talks in more than two weeks, but a senior U.S. official said Russian President Vladimir Pu n did not
appear ready to make compromises to end the war – Timesofindia.
• Russian defence ministry says Russia has hit 41 military sites in Ukraine over past 24 hours – Timesofindia.
Economic Data Ahead:
• (0600 GMT/1130 IST) German GFK Consumer Climate, previous -8.1, expected -14.6.
• (0830 GMT/1400 IST) U.K. Mortgage Approvals, previous 74K, expected 75K.
• (1300 GMT/1830 IST) U.S. HPI, previous 1.2, expected 1.2.
• (1400 GMT/1930 IST) U.S. JOLTS Job Openings, previous 11.26M, expected 11.00M.
• (1400 GMT/1930 IST) U.S. CB Consumer Confidence, previous 110.5, expected 106.9.
Economic Events Ahead:
• (1300 GMT/1830 IST) U.S. FOMC Member Williams speaks.
• (1430 GMT/2200 IST) Swiss SNB Gov Board member Zurbrugg Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.06% to 99.03 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
0.7510
R2 S2
0.7530
R3 S3
0.7555
R4
Commentary
S4
0.7578
Buy Above 0.7510
0.7538
0.7478
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7470
0.7441
0.7502
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The remains slightly volatile after robust retail sales data and remains well supported
below $0.7500 mark. Today pair made intraday high at $0.7507 and low at $0.7473 mark.Aday chart
is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above
$0.7510 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7470 will
check further supports.
0.7470
0.7450
0.7415
0.7382
MARCH,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0999
R2 S2
1.1040
R3 S3
1.1072
R4
Commentary
S4
1.1099
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-
Time Frame: H1
EUR/USD: The euro failed to find support below $1.0950 mark and currently hovers around $1.0990
mark. The pair made intraday high at $1.0997 and low at $1.0968 mark. Today triple EMA on a day
chart is down and H1 chart suggests up trend for the time being.Aconsistent close above $1.0999 on
H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0962 on H1 chart will
check further supports.Today German GFK Consumer Climate data will remain in focus.
EUR / USD
1.0962
1.0938
1.0912
1.0900
Buy Above 1.1001
1.1030
1.0971
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0965
1.0938
1.0994
– 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
1.3115
R2 S2
1.3140
R3 S3
1.3156
R4
Commentary
S4
1.3182
Buy Above 1.3115
1.3147
1.3090
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3070
1.3038
1.3098
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling depreciated sharply in previous session and touched $1.3065 mark. Today
pair made intraday high at $1.3106 and low at $1.3076 mark.Aday chart and H1 chart with triple EMA
suggest bearish trend for the time being.Asustained close above $1.3115 on H1 chart will check key
resistances. Alternatively, a consistent close below $1.3078 will check further supports. U.K.’s
Economic Calendar will remain light for the day.
USD
1.3078
1.3052
1.3026
1.3004
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 Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2542
R2 S2
1.2570
R3 S3
1.2599
R4
Commentary
S4
1.2626
Buy Above 1.2542
1.2572
1.2511
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2499
1.2470
1.2531
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD remained highly volatile in previous session and currently stabilizes above
1.2500 mark. The pair made intraday high at 1.2530 and low at 1.2512 mark. Today a day chart and
H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above 1.2542 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2465 on H1 chart will
check key supports too. Canada’s economic calendar will remain empty for the day.
USD /CAD
1.2465
1.2430
1.2412
1.2400
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
124.50
R2 S2
124.78
R3 S3
125.12
R4
Commentary
S4
125.55
Buy Above 124.20
124.67
123.80
– Take Profit
– Stop Loss
Trade Idea
Sell Below 122.91
122.47
123.22
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen spiked down drastically in previous session and touched 125.10 mark.
Today pair trades marginally higher and stabilizes around 123.50 mark. The pair made intraday high
at 124.30 and low at 123.24 mark. The triple EMAon a day chart and H1 chart suggest bullish trend for
the time being.Asustained close above 124.15 on H1 chart requires for the upside rally.Alternatively,
a consistent close below 122.90 on H1 chart will check further key supports.
USD /JPY
122.90
122.62
122.30
122.01
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
1932
R2 S2
1938
R3 S3
1942
R4
Commentary
S4
1948
Buy Above 1932
1938
1926
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1916
1910
1923
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
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Time Frame: H1
XAU/USD (GOLD): Gold falls noticeably against U.S. dollar and currently stabilizes above $1,920
mark. Today pair made intraday high at $1,929 and low at $1,921 mark. A triple EMA on a day chart is
up and H1 chart suggests bearish trend for the time being. A sustained close above $1,932 on H1
chart requires for the upside rally. Alternatively, a consistent close below $1,918 will check further
supports. U.S. HPI and JOLTS Job Openings data will remain in focus..
XAU [GOLD]
USD
/
1916
1911
1906
1901
MARCH,
2022

9. Thank
you!
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