DAILY ANALYSIS REPORT JANUARY 07 2022

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07 January 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Japanese yen falls in early Asia as Japan’s Household Spending and Average Cash Earnings Data miss expecta ons, Asian stock markets mixed, gold
stabilizes below $1,800 mark
Key Headlines:
• Japan Average cash earnings stand at 0.0 pct vs 0.2 pct previous release.
• Japan Household spending stands at -1.3 pct vs -0.6 pct previous release.
• Japan Tokyo Core CPI stands at 0.5 pct vs 0.3 pct previous release.
• The S&P 500 ended a vola le session close to unchanged on Thursday, as technology shares fell but financials lent support a day a er the market sold off on a
hawkish slant in Federal Reserve minutes – Reuters.
• GameStop Corp is launching a division to develop a marketplace for nonfungible tokens (NFT) and establish cryptocurrency partnerships, the Wall Street
Journal reported on Thursday, sending its shares up 16% in extended trade – Reuters.
• Pure electric cars are making all the headlines, but their gasoline-electric hybrid rivals quietly achieved record sales in the United States last year, industry data
showed – Reuters.
• U.S. Treasuries are facing a perfect storm that could send benchmark yields to their highest level in almost two years, as investors fret over a more hawkish
Federal Reserve, surging infla on and a deluge of supply – Reuters.
• Alarmed by the persistence of uncomfortably high infla on, even the most dovish of U.S. central bankers now agree that they will need to ghten policy this
year; the debate is no longer about whether, but how quickly – Reuters.
• Johnson & Johnson said on Thursday that a real-world study showed that its single shot COVID-19 vaccine produced long-las ng protec on for up to six
months against breakthrough infec ons and hospitaliza ons – Reuters.
• Nigeria is working to develop a COVID-19 vaccine, President Muhammadu Buhari said in a televised interview on Thursday – Reuters.
• Chile will begin offering a fourth shot of the coronavirus vaccine next week to immunocompromised ci zens, the government said on Thursday, the first
country in La n America and one of the first in the world to offer the extra dose – Reuters.
• France reported 261,481 new coronavirus infec ons on Thursday, less than the record of more than 332,000 set on Wednesday, but the seven-day moving
average of new cases rose above 200,000 for the first me since the start of the health crisis – Reuters.
• Peru, which has one of the world's highest COVID-19 mortality rates per number of inhabitants, raised its pandemic alert level in various ci es and ghtened
some restric ons due to a third wave of infec ons caused by the spread of the Omicron variant – Reuters.
• Italy reported a record daily number of new COVID-19 cases on Thursday at 219,441 against 189,109 the day before, the health ministry said, while the daily
tally of coronavirus-related deaths fell to 198 from 231 – Reuters.
• Kazakhstan, the second-largest Bitcoin mining country in the world, experienced poli cal unrest owing to a sharp rise in fuel prices – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Industrial produc on, previous 2.8, expected 1.1.
• (0700 GMT/1230 IST) German Trade Balance, previous 12.5B, expected 12.7B.
• (0700 GMT/1230 IST) U.K. HPI, previous 1.0, expected 1.1.
• (0730 GMT/1300 IST) Swiss Retail Sales, previous 1.2, expected 0.8.
• (0745 GMT/1315 IST) France Consumer Spending, previous -0.4, expected 0.5.
• (0745 GMT/1315 IST) France Industrial Produc on, previous 0.9, expected 0.5.
• (0745 GMT/1315 IST) France Trade Balance, previous -7.5B, expected -7.2B.
• (0930 GMT/1500 IST) U.K. Construc on PMI, previous 55.5, expected 53.9.
• (1000 GMT/1530 IST) Euro CPI Flash Es mate, previous 4.9, expected 4.8.
• (1000 GMT/1530 IST) Euro Core CPI Flash Es mate, previous 2.6, expected 2.5.
• (1000 GMT/1530 IST) Euro Retail Sales, previous 0.2, expected -0.4.
• (1330 GMT/1900 IST) Canada Employment Change, previous 153.7K, expected 24.5K.
• (1330 GMT/1900 IST) Canada Unemployment Rate, previous 6.0, expected 6.0.
• (1330 GMT/1900 IST) U.S. Non Farm Employment Change, previous 210K, expected 426K.
• (1330 GMT/1900 IST) U.S. Unemployment Rate, previous 4.2, expected 4.1.
• (1500 GMT/2030 IST) Canada Ivey PMI, previous 61.2, expected 64.3.
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 down 0.10% to 96.23 points.

3. AUD / USD
BUY SELL
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JANUARY,
2022
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
0.7190
R2 S2
0.7226
R3 S3
0.7250
R4
Commentary
S4
0.7272
Buy Above 0.7190
0.7222
0.7165
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7155
0.7127
0.7176
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie exhibits range bound movement and stabilizes below $0.7200 mark. Today
pair made intraday high at $0.7177 and low at $0.7156 mark.Aday chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $0.7190 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $0.7150 will check further supports.
0.7150
0.7127
0.7112
0.7095

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1305
R2 S2
1.1340
R3 S3
1.1372
R4
Commentary
S4
1.1400
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-
Time Frame: H1
EUR/USD: The Euro moves in rigid boundaries ahead of German Factory Orders and Euro Zone’s
Flash CPI results. The pair made intraday high at $1.1301 and low at $1.1290 mark. Today triple EMA
on a day chart and H1 chart suggest down trend for the time being.Aconsistent close above $1.1305
on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1284 on H1 chart
will check further supports.
EUR / USD
1.1284
1.1262
1.1250
1.1237
Buy Above 1.1305
1.1330
1.1284
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1283
1.1255
1.1305
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JANUARY,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3555
R2 S2
1.3576
R3 S3
1.3594
R4
Commentary
S4
1.3618
Buy Above 1.3560
1.3588
1.3538
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3525
1.3498
1.3552
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling rises sharply on Friday and hovers around $1.3550 mark ahead of U.K.’s
Constructions PMI data. Today pair made intraday high at $1.3553 and low at $1.3525 mark. A day
chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above
$1.3560 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3520 will
check further supports.
USD
1.3512
1.3490
1.3465
1.3437
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JANUARY,
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
1.2730
R2 S2
1.2755
R3 S3
1.2776
R4
Commentary
S4
1.2801
Buy Above 1.2730
1.2755
1.2710
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2699
1.2660
1.2727
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD trades marginally higher ahead of Canada’s Employment Change data and
stabilizes above 1.2700 mark. Pair made intraday high at 1.2730 to 1.2706 mark. Today a day chart is
up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above
1.2730 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2700 on H1
chart will check key supports too.
USD /CAD
1.2700
1.2682
1.2655
1.2630
JANUARY,
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
116.22
R2 S2
116.48
R3 S3
116.67
R4
Commentary
S4
116.94
Buy Above 116.05
116.33
115.80
– Take Profit
– Stop Loss
Trade Idea
Sell Below 115.76
115.50
115.98
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen starts a new day on a lower note as Average Cash earnings and
household spending data miss the expectations. The pair made intraday high at 116.05 and low at
115.79 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A
sustained close above 116.12 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 115.74 on H1 chart will check further key supports.
USD /JPY
115.74
115.55
115.30
115.02
JANUARY,
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
1798
R2 S2
1804
R3 S3
1809
R4
Commentary
S4
1814
Buy Above 1798
1806
1792
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1789
1782
1794
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The gold fell sharply in previous session and touched $1,786 mark. Today pair
made intraday high at $1,793 and low at $1,789 mark. A triple EMA on a day chart is up and H1 chart
suggests down trend for the time being. A sustained close above $1,798 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,784 will check further supports.
XAU [GOLD]
USD
/
1784
1778
1772
1767
JANUARY,
2022

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