DAILY ANALYSIS REPORT FEBRUARY 03 2022

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03 February 2022
Daily Analysis Report

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Asian Bulle n: U.S. dollar trades almost flat ahead of BOE and ECB’s Interest Rate Decision, most Asian stock markets in red, gold back above $1,800 mark
Key Headlines:
• Australia AIG Construc on index stands at 45.9 vs 57.0 previous release.
• Australia Building Approvals stand at 8.2 vs 2.6 pct previous release.
• Australia Trade Balance stands at 8.36B vs 9.76B previous release.
• The White House and Environmental Protec on Agency on Wednesday urged the U.S. Postal Service (USPS) to reconsider its plan to buy a new mul -billion-dollar fleet of primarily
gasoline-powered delivery vehicles, according to le ers seen by Reuters.
• Bank of Canada Governor Tiff Macklem said on Wednesday there was uncertainty about how quickly infla on would come back down due to the unique nature of the COVID-19
pandemic, which has helped drive up prices – Reuters.
• Global stocks staged a recovery on Wednesday as strong earnings from U.S. technology companies and OPEC+ plans for moderate oil output helped to counter ji ers over weak
economic reports – Reuters.
• France's vaccine pass will remain in place un l hospitals are able to func on normally without cancelling non-emergency procedures to make room for COVID pa ents in intensive
care, Health Minister Olivier Veran said on Wednesday – Reuters.
• The U.S. health regulator said on Wednesday that it had approved the first generic version of AbbVie Inc's Restasis, a treatment used in increasing tear produc on in pa ents with
dry-eye syndrome – Reuters.
• Italy will soon announce a metable to roll back its COVID-19 curbs, Prime Minister Mario Draghi said on Wednesday, as a surge in cases fuelled by the highly contagious Omicron
variant started to slow – Reuters.
• Turkey has recorded 110,682 new COVID-19 infec ons in the space of 24 hours, its highest daily figure of the pandemic, health ministry data showed on Wednesday – Reuters.
• Bank of Japan Deputy Gov. Masazumi Wakatabe on Thursday denied specula on of early monetary ghtening, saying the na on’s economy is just beginning to recover from the
COVID-19 pandemic – BNN Bloomberg.
Economic Data Ahead:
• (0815 GMT/1345 IST) Spain Services PMI, previous 55.8, expected 51.9.
• (0845 GMT/1415 IST) Italy Services PMI, previous 53.0, expected 50.0.
• (0850 GMT/1420 IST) France Final Services PMI, previous 53.1, expected 53.1.
• (0855 GMT/1425 IST) German Final Services PMI, previous 52.2, expected 52.2.
• (0900 GMT/1430 IST) Euro Final Services PMI, previous 51.2, expected 51.2.
• (0930 GMT/1500 IST) U.K. Final Services PMI, previous 53.3, expected 53.3.
• (1000 GMT/1530 IST) Euro PPI, previous 1.8, expected 2.4.
• (1200 GMT/1730 IST) U.K. Interest Rate Decision, previous 0.25, expected 0.50.
• (1245 GMT/1815 IST) Euro Interest Rate Decision, previous 0.00, expected 0.00.
• (1330 GMT/1900 IST) U.S. prelim Nonfarm produc vity, previous -5.2, expected 3.8.
• (1445 GMT/2015 IST) U.S. Final Services PMI, previous 50.9, expected 50.9.
• (1500 GMT/2030 IST) U.S. ISM Services PMI, previous 62.0, expected 59.5.
• (1500 GMT/2030 IST) U.S. Factory Orders, previous 1.6, expected -0.4.
Economic Events Ahead:
• (1230 GMT/1800 IST) U.K. BOE Gov Bailey Speaks.
• (1300 GMT/1900 IST) ECB Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.10% to 96.04 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
0.7158
R2 S2
0.7182
R3 S3
0.7210
R4
Commentary
S4
0.7240
Buy Above 0.7140
0.7170
0.7110
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7102
0.7067
0.7137
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie remains slightly volatile on Thursday and hovers around $0.7130 mark. Today
pair made intraday high at $0.7137 and low at $0.7115 mark. A day chart is down and H1 chart with
triple EMA suggests up trend for the time being. A sustained close above $0.7140 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7102 will check further
supports.
0.7102
0.7076
0.7050
0.7012
FEBRUARY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1330
R2 S2
1.1354
R3 S3
1.1376
R4
Commentary
S4
1.1397
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-
Time Frame: H1
EUR/USD: The Euro trades flat ahead of ECB’s Interest Rate Decision and hovers around $1.1300
mark. The pair made intraday high at $1.1308 and low at $1.1293 mark. Today triple EMA on a day
chart is down and H1 chart suggests up trend for the time being.Aconsistent close above $1.1325 on
H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1290 on H1 chart will
check further supports.
EUR / USD
1.1290
1.1272
1.1250
1.1215
Buy Above 1.1330
1.1365
1.1300
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1290
1.1260
1.1320
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FEBRUARY,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3575
R2 S2
1.3590
R3 S3
1.3618
R4
Commentary
S4
1.3640
Buy Above 1.3570
1.3618
1.3542
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3530
1.3496
1.3562
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling trades slightly lower on Thursday and stabilizes around $1.3550 mark. Today
pair made intraday high at $1.3575 and low at $1.3554 mark. A day chart is down and H1 chart with
triple EMA suggests up trend for the time being. A sustained close above $1.3575 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.3540 will check further supports.
USD
1.3540
1.3512
1.3490
1.3465
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FEBRUARY,
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
1.2701
R2 S2
1.2722
R3 S3
1.2750
R4
Commentary
S4
1.2774
Buy Above 1.2693
1.2721
1.2668
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2650
1.2615
1.2680
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The CAD starts a new day on a lower note and hovers around key resistance at 1.2690
mark. Pair made intraday high at 1.2687 and low at 1.2662 mark. Today a day chart is up and H1 chart
with triple EMA suggests down trend for the time being. A sustained close above 1.2690 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2657 on H1 chart will check key
supports too.
USD /CAD
1.2657
1.2621
1.2600
1.2580
FEBRUARY,
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
114.50
R2 S2
114.76
R3 S3
114.92
R4
Commentary
S4
115.15
Buy Above 114.52
114.78
114.28
– Take Profit
– Stop Loss
Trade Idea
Sell Below 114.30
114.01
114.47
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen starts a new day on a flat note and hovers around 114.40 mark. The pair
made intraday high at 114.47 and low at 114.32 mark. The triple EMAon a day chart is up and H1 chart
suggests down trend for the time being. A sustained close above 114.50 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 114.22 on H1 chart will check further key supports.
USD /JPY
114.22
114.01
113.72
113.40
FEBRUARY,
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
1812
R2 S2
1818
R3 S3
1824
R4
Commentary
S4
1830
Buy Above 1809
1815
1805
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1804
1796
1809
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The gold rose noticeably in previous session after U.S. released ADP Job data
with negative numbers. Today pair made intraday high at $1,809 and low at $1,805 mark.Atriple EMA
on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above $1,812
on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,802 will check
further supports.
XAU [GOLD]
USD
/
1804
1799
1794
1787
FEBRUARY,
2022

9. Thank
you!
Info@tpglobalfx.com
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