DAILY ANALYSIS REPORT APRIL 19 2022

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19 April 2022
Daily Analysis Report

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Asian Bulle n: Japanese yen weakens dras cally a er dovish comments from BoJ’s Finance Minister, Asian stock markets mixed, gold hovers around $1,975 mark
Key Headlines:
• New Zealand Business Services Index stands at 51.6 vs 48.9 previous release.
• Japan's Suzuki - Yen has been weakening rapidly.
• Japan's Finance minister Suzuki - Under the current circumstances, the weakening of the yen brings more disadvantages than advantages.
• Japan's Finance minister Suzuki - The market determines the forex rate.
• Japan's Finance minister Suzuki - We will con nue to keep a close eye on the forex market.
• Japan's Finance minister Suzuki - We are in frequent contact with the us currency authority on fx.
• RBA Mee ng Minutes - Australian economy had remained resilient and spending was picking up following the setback caused by the outbreak of the omicron variant.
• RBA mee ng minutes - Infla on had increased and a further rise was expected, with underlying infla on measures in the March quarter expected to be above 3%.
• RBA Mee ng Minutes - Cash rate to increase to around 1¾ per cent by the end of 2022, with the first rate rise expected by the middle of the year.
• RBNZ Gov Orr - We’ve been ac ng reasonably aggressively to ghten monetary condi ons.
• Fed’s Bullard - won't rule out 75-bp increase but it isn't base case.
• Fed's Bullard: The Fed needs to ra fy the rate increases that are par ally priced into markets already.
• Fed's Bullard - Rate hikes will bring infla on expecta ons down, lowering infla on without harming labor market.
• Fed's Bullard - The Fed can control infla on without a recession.
• Fed’s Bullard - It might be reasonable if housing market cools off a bit.
• Reports of two pa ents who found relief from long COVID a er taking Pfizer Inc's an viral Paxlovid, including a researcher who tested it on herself, provide intriguing evidence for
clinical trials to help those suffering from the debilita ng condi on, experts and advocates say – Reuters.
• A Japanese Health Ministry commi ee said on Monday it has approved Novavax Inc's COVID-19 vaccine, se ng the stage for full approval of the country's fourth shot for the
coronavirus. – Reuters.
• A second Global COVID-19 Summit will be held virtually next month for countries to discuss efforts to end the pandemic and prepare for future health threats, according to a joint
statement on Monday – Reuters.
• India's tally of daily COVID-19 cases nearly doubled on Monday from the previous day to more than 2,000 for the first me in a month, government data showed, and the southern
state of Kerala reported a big jump in deaths – Reuters.
• China will step up financial support for industries, firms and people affected by COVID-19 outbreaks, the central bank said on Monday, as part of steps to cushion economic
slowdown – Reuters.
• Wall Street banks' commodi es trading exposures are rising, which could leave them vulnerable to large swings in asset values following Russia's invasion of Ukraine, first quarter
earnings disclosures showed – Reuters.
Key Economic Indicators Ahead:
• (1215 GMT/1745 IST) Canada Housing starts, previous 247K, expected 249K.
• (1230 GMT/1800 IST) U.S. Building Permits, previous 1.86M, expected 1.83M.
• (1230 GMT/1800 IST) U.S. Housing starts, previous 1.77M, expected 1.74M.
Economic Events Ahead:
• Day 02 – IMF Mee ngs.
• (1630 IST/2200 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 100.93 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
0.7380
R2 S2
0.7412
R3 S3
0.7450
R4
Commentary
S4
0.7476
Buy Above 0.7380
0.7412
0.7351
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7340
0.7302
0.7372
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades marginally higher on Tuesday and remains well supported above
$0.7350 mark. Today pair made intraday high at $0.7368 and low at $0.7343 mark. A day chart is up
and H1 chart with triple EMA suggests down trend for the time being. A sustained close above
$0.7372 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7340 will
check further supports.
0.7340
0.7315
0.7298
0.7272
APRIL,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0790
R2 S2
1.0820
R3 S3
1.0848
R4
Commentary
S4
1.0876
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-
Time Frame: H1
EUR/USD: The euro weakens on Tuesday and remains well supported below $1.0800 mark. The pair
made intraday high at $1.0788 and low at $1.0761 mark. Today triple EMAon a day chart and H1 chart
suggest down trend for the time being. A consistent close above $1.0790 on H1 chart requires for the
upside rally. Alternatively, a sustained close below $1.0750 on H1 chart will check further supports.
European Calendar will remain empty for the day.
EUR / USD
1.0750
1.0715
1.0700
1.0682
Buy Above 1.0794
1.0826
1.0760
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0752
1.0715
1.0775
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
APRIL,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3022
R2 S2
1.3050
R3 S3
1.3072
R4
Commentary
S4
1.3099
Buy Above 1.3022
1.3048
1.3000
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2986
1.2955
1.3010
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling remains slightly volatile on Tuesday and hovers around $1.3000 mark.
Today pair made intraday high at $1.3018 and low at $1.2989 mark. A day chart and H1 chart with
triple EMA suggest down trend for the time being. A sustained close above $1.3022 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.2989 will check further supports.
USD
1.2989
1.2962
1.2940
1.2911
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
APRIL,
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
1.2612
R2 S2
1.2640
R3 S3
1.2672
R4
Commentary
S4
1.2690
Buy Above 1.2612
1.2640
1.2589
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2572
1.2538
1.2602
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD strengthens on Tuesday and slips back below 1.2600 mark. The pair made
intraday high at 1.2635 and low at 1.2580 mark. Today a day chart and H1 chart with triple EMA
suggest bearish trend for the time being.Asustained close above 1.2612 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2572 on H1 chart will check key supports too.
USD /CAD
1.2572
1.2555
1.2530
1.2501
APRIL,
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
128.05
R2 S2
128.36
R3 S3
128.59
R4
Commentary
S4
128.95
Buy Above 128.05
128.50
127.56
– Take Profit
– Stop Loss
Trade Idea
Sell Below 127.31
126.90
127.65
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
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Time Frame: H1
USD/JPY: The Japanese yen falls drastically against U.S. dollar after dovish comments from Japan’s
Finance Minister and hits lowest level since May 2002. The pair made intraday high at 127.80 and low
at 126.96 mark. The triple EMA on a day chart and H1 chart suggest up trend for the time being. A
sustained close above 128.05 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 126.90 on H1 chart will check further key supports.
USD /JPY
126.90
126.54
126.22
126.00
APRIL,
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
1984
R2 S2
1989
R3 S3
1994
R4
Commentary
S4
2000
Buy Above 1984
1991
1977
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1972
1964
1978
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold failed to find support above $1,998 mark and currently stabilizes below
$1,980 mark. Today pair made intraday high at $1,979 and low at $1,974 mark. A day chart is up and
H1 chart with triple EMA suggests down trend for the time being. A sustained close above $1,984 on
H1 chart requires for the upside rally. Alternatively, a consistent close below $1,972 on H1 chart will
test further supports.
XAU [GOLD]
USD
/
1976
1967
1962
1957
APRIL,
2022

9. Thank
you!
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