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22 February 2022
Daily Analysis Report
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Asian Bulle n: U.S. dollar remains slightly vola le against major peers amid Biden – Pu n summit due on Thursday, Asian stock markets in red; gold stabilizes above $1,900 mark
Key Headlines:
• Japan SPPI stands at 1.2 pct vs 1.1 pct previous release.
• Brazil's central bank chief Roberto Campos Neto said on Monday consumer prices con nue to trend higher as core infla on speeds up despite aggressive monetary ghtening by
policymakers – Reuters.
• Global stocks hit three-week lows and oil rose on Monday as worries increased that Russia will invade Ukraine – Reuters.
• Trump's Truth Social tops downloads on Apple App Store; many waitlisted – Reuters.
• The European Commission will unveil on Wednesday a proposal to make large companies opera ng in the European Union check that their suppliers from around the world do not
use slave or child labour and that they respect environmental standards, a dra of the law showed – Reuters.
• The rouble tanked on Monday, slipping past 80 against the dollar, while stocks plunged to their lowest in over a year as Russian President Vladimir Pu n called for the immediate
recogni on of two breakaway regions in eastern Ukraine – Reuters.
• Mexican annual infla on likely accelerated in the first half of February a er slowing during the past eight weeks, a Reuters poll showed Monday, reinforcing expecta ons that the
country's central bank would con nue raising rates in line with the U.S. Federal Reserve – Reuters.
• England's chief medical officer Chris Whi y warned on Monday there will be new COVID-19 variants and said some of them could be more resistant to vaccines – Reuters.
• Bri sh Prime Minister Boris on Monday said he would end all coronavirus restric ons in England including mandatory self-isola on for people with COVID-19 and free tes ng,
drawing scep cism from some scien sts and poli cal opponents – Reuters.
• Italy reported 24,408 COVID-19 related cases on Monday, against 42,081 the day before, the health ministry said, while the number of deaths rose to 201 from 141 – Reuters.
• Indian vaccine maker Biological E. Ltd said on Monday its COVID-19 vaccine received an emergency use approval in the country for use in children aged 12 to 18 – Reuters.
• Bulgaria plans to li the obligatory COVID-19 "green cer ficate" for entry to restaurants, shopping malls and other public venues from March 20 as coronavirus infec ons ease,
Prime Minister Kiril Petkov said on Monday – Reuters.
Economic Data Ahead:
• (0900 GMT/1430 IST) German IFO Business Climate, previous 95.7, expected 96.4.
• (1100 GMT/1630 IST) U.K. CBI industrial Order Expecta ons, previous 24, expected 25.
• (1400 GMT/1930 IST) U.S. HPI, previous 1.1, expected 1.0.
• (1445 GMT/2015 IST) U.S. Flash Manufacturing PMI, previous 55.5, expected 55.9.
• (1445 GMT/2015 IST) U.S. Flash Services PMI, previous 51.2, expected 52.9.
• (1500 GMT/2030 IST) U.S. CB Consumer confidence, previous 113.8, expected 109.9.
• (1500 GMT/2030 IST) U.S. Richmond Manufacturing Index, previous 8, expected 10.
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 up 0.07% to 96.15 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
0.7202
R2 S2
0.7222
R3 S3
0.7250
R4
Commentary
S4
0.7278
Buy Above 0.7202
0.7230
0.7180
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7178
0.7155
0.7199
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The remains volatile on Tuesday and hovers around $0.7200 mark. Today pair made
intraday high at $0.7201 and low at $0.7171 mark. A day chart and H1 chart with triple EMA suggest
down trend for the time being. A sustained close above $0.7202 on H1 chart requires for the upside
rally.Alternatively, a consistent close below $0.7180 will check further supports.
0.7180
0.7155
0.7140
0.7112
FEBRUARY,
2022
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1320
R2 S2
1.1354
R3 S3
1.1376
R4
Commentary
S4
1.1399
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-
Time Frame: H1
EUR/USD: The Euro weakens noticeably ahead of German IFO Business Climate data and slips
below $1.1300 mark. The pair made intraday high at $1.1319 and low at $1.1296 mark. Today triple
EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above
$1.1320 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
1.1265
1.1250
1.1215
Buy Above 1.1321
1.1348
1.1296
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1287
1.1262
1.1310
– 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
1.3599
R2 S2
1.3622
R3 S3
1.3650
R4
Commentary
S4
1.3672
Buy Above 1.3599
1.3630
1.3580
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3576
1.3550
1.3596
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
GBP/USD: The sterling exhibits range bound movement and consolidates around key resistance at
$1.3590 mark. Today pair made intraday high at $1.3601 and low at $1.3580 mark. A day chart is up
and H1 chart with triple EMA suggests down trend for the time being. A sustained close above
$1.3599 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3580 will
check further supports.
USD
1.3580
1.3562
1.3550
1.3521
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FEBRUARY,
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
1.2774
R2 S2
1.2804
R3 S3
1.2824
R4
Commentary
S4
1.2851
Buy Above 1.2770
1.2798
1.2750
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2740
1.2715
1.2765
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
USD/CAD: The CAD trades marginally lower on Tuesday and remains well supported above 1.2750
mark. Pair made intraday high at 1.2769 and low at 1.2745 mark. Today a day chart and H1 chart with
triple EMA suggest up trend for the time being. A sustained close above 1.2774 on H1 chart requires
for the upside rally.Alternatively, a consistent close below 1.2750 on H1 chart will check key supports
too.
USD /CAD
1.2750
1.2715
1.2700
1.2680
FEBRUARY,
2022
7. 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
114.80
R2 S2
115.12
R3 S3
115.30
R4
Commentary
S4
115.55
Buy Above 114.80
115.10
114.58
– Take Profit
– Stop Loss
Trade Idea
Sell Below 114.52
114.26
114.76
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY: The Japanese yen rises gradually against U.S. dollar and hits highest level since Feb 03,
2022. The pair made intraday high at 114.79 and low at 114.49 mark. The triple EMAon a day chart is
up and H1 chart suggests down trend for the time being. A sustained close above 114.80 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 114.50 on H1 chart will check
further key supports.
USD /JPY
114.50
114.30
114.12
113.76
FEBRUARY,
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
1915
R2 S2
1918
R3 S3
1923
R4
Commentary
S4
1930
Buy Above 1914
1920
1909
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1904
1897
1910
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
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Time Frame: H1
XAU/USD (GOLD): Gold spikes up sharply during early Asian hours and remains well supported
above $1,900 mark. Today pair made intraday high at $1,914 and low at $1,904 mark.Atriple EMAon
a day chart and H1 chart suggest bullish trend for the time being. A sustained close above $1,909 on
H1 chart requires for the upside rally. Alternatively, a consistent close below $1,904 will check further
supports.
XAU [GOLD]
USD
/
1904
1899
1894
1889
FEBRUARY,
2022
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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