DAILY ANALYSIS REPORT JANUARY 12 2022

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DAILY ANALYSIS REPORT JANUARY 12 2022

+1 7754 366 970
analysis@tpglobalfx.com
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12 January 2022
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar fell sharply against major peers a er Fed Chair Powell’s Tes mony, Asian stock markets in green, gold hovers around $1,820 mark, U.S. Infla on
results in focus
Key Headlines:
• Japan Bank lending remains unchanged at 0.6 pct.
• Japan Current Account stands at 1.37T vs 1.03T previous release.
• China CPI stands at 1.5 pct vs 2.3 pct previous release.
• China PPI stands at 10.3 pct vs 12.9 pct previous release.
• Pfizer Inc said on Tuesday it is reducing its U.S. sales staff as it expects doctors and other healthcare providers to want fewer face-to-face interac ons with
sales people a er the COVID-19 pandemic ends – Reuters.
• The average transac on price of new vehicles in the United States shot up nearly 14% in December from the previous year, driven by strong sales of luxury
vehicles, auto industry consultancy Kelley Blue Book said in a report on Tuesday – Reuters.
• A small river in the middle of coffee planta ons, sugar cane fields and a forest provides energy to a hydroelectric power plant in Costa Rica that feeds
hundreds of computers wired up to the cryptocurrency mining business – Reuters.
• The Biden administra on said on Tuesday that federal agencies should require weekly COVID-19 tes ng by Feb. 15 for unvaccinated government employees
who are working on-site or interac ng with the public – Reuters.
• Canada's Quebec province is working on a plan to require a "health contribu on" from residents who refuse to get a COVID-19 vaccinate for non-medical
reasons, Premier Francois Legault said on Tuesday – Reuters.
• Turkey has recorded 74,266 new COVID-19 cases in the space of 24 hours, its highest daily figure of the pandemic, health ministry data showed on Tuesday –
Reuters.
• Italy reported record 220,532 new COVID-19 cases on Tuesday, against 101,762 the day before, the health ministry said – Reuters.
• BoJ’s Kuroda - Infla on Expected to Pick up Gradually.
• BoJ’s Kuroda - Financial System Maintaining Stability.
• BoJ’s Kuroda - Watching Virus Impact, Will Add S mulus If Needed.
• Fed’s Powell - Expects To Take 2-4 Mee ngs to work through B/Sheet Decision.
• Fed’s Powell - Balance sheet at $9tln is `far above where it needs to be.
• Fed’s Powell - The United States' debt is unsustainable, and it is best to address it soon.
• Fed's Powell - Much of the rise in infla on is due to pandemic-related disrup ons.
• Fed’s Powell - we will use tools to get infla on back.
• Fed’s Powell - If more aggressive rate increases needed to cool infla on, fed will do it.
• Fed’s Powell - we probably remain in an era of very low interest rates.
• Fed’s Powell - At the moment, we need to pay more a en on to infla on than to the maximum employment goal.
Economic Data Ahead:
• (0700 GMT/1230 IST) German WPI, previous 1.3, expected 1.2.
• (1000 GMT/1530 IST) Euro Industrial produc on, previous 1.1, expected 0.1.
• (1330 GMT/1900 IST) U.S. CPI, previous 0.8, expected 0.4.
• (1330 GMT/1900 IST) U.S. Core CPI, previous 0.5, expected 0.5.
Economic Events Ahead:
• (1500 GMT/2030 IST) U.S. FOMC member Brainard Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.07% to 95.56 points.
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
0.7223
R2 S2
0.7250
R3 S3
0.7272
R4
Commentary
S4
0.7299
Buy Above 0.7225
07250
0.7202
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7199
0.7178
0.7218
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: TheAussie strengthens on Wednesday and hits fresh 7 – day high at $0.7217 mark. Today
pair made intraday high at $0.7217 and low at $0.7204 mark. A day chart is down and H1 chart with
triple EMA suggests up trend for the time being. A sustained close above $0.7223 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7190 will check further
supports.
0.7190
0.7172
0.7155
0.7115
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1387
R2 S2
1.1410
R3 S3
1.1438
R4
Commentary
S4
1.1456
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-
Time Frame: H1
EUR/USD: The Euro trades marginally higher on Wednesday and stabilizes above $1.1370 mark.
The pair made intraday high at $1.1375 and low at $1.1361 mark. Today triple EMA on a day chart is
down and H1 chart suggests up trend for the time being. A consistent close above $1.1387 on H1
chart requires for the upside rally. Alternatively, a sustained close below $1.1360 on H1 chart will
check further supports.
EUR / USD
1.1360
1.1315
1.1290
1.1265
Buy Above 1.1386
1.1420
1.1361
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1355
1.1324
1.1376
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JANUARY,
2022
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3650
R2 S2
1.3672
R3 S3
1.3699
R4
Commentary
S4
1.3715
Buy Above 1.3650
1.3676
1.3622
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3615
1.3581
1.3638
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling trades in narrow range and hovers around $1.3650 mark. U.K.’s Economic
Calendar is light for the day. Today pair made intraday high at $1.3645 and low at $1.3626 mark. A
day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above
$1.3650 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3615 will
check further supports.
USD
1.3615
1.3589
1.3574
1.3555
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JANUARY,
2022
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
1.2590
R2 S2
1.2612
R3 S3
1.2640
R4
Commentary
S4
1.2665
Buy Above 1.2570
1.2599
1.2552
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2536
1.2510
1.2556
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD appreciates noticeably and hits highest level since Nov 17, 2021 mark. Pair
made intraday high at 1.2579 to 1.2551 mark. Today a day chart and H1 chart with triple EMAsuggest
down trend for the time being. A sustained close above 1.2590 on H1 chart requires for the upside
rally.Alternatively, a consistent close below 1.2540 on H1 chart will check key supports too.
USD /CAD
1.2540
1.2512
1.2480
1.2465
JANUARY,
2022
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
115.47
R2 S2
115.75
R3 S3
116.00
R4
Commentary
S4
116.30
Buy Above 115.40
115.62
115.20
– Take Profit
– Stop Loss
Trade Idea
Sell Below 115.02
114.76
115.20
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen remains almost unchanged after bank lending and current account data
and trading around 115.30 mark. The pair made intraday high at 115.39 and low at 115.23 mark. The
triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being. A sustained
close above 115.40 on H1 chart requires for the upside rally. Alternatively, a consistent close below
115.22 on H1 chart will check further key supports.
USD /JPY
115.22
114.90
114.62
114.30
JANUARY,
2022
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
1827
R2 S2
1832
R3 S3
1838
R4
Commentary
S4
1844
Buy Above 1823
1830
1818
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1815
1809
1819
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The gold rose sharply in previous session after Fed Chair Powell’s comment
during Testimony and touched $1,823 mark. Today pair made intraday high at $1,822 and low at
$1,817 mark.Atriple EMAon a day chart and H1 chart suggest up trend for the time being.Asustained
close above $1,823 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$1,712 will check further supports. U.S. calendar is empty for the day.
XAU [GOLD]
USD
/
1811
1806
1800
1794
JANUARY,
2022
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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/tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx
that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently,
investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such
trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading,
to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this
website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your
personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of
Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and
operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does
not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note

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DAILY ANALYSIS REPORT JANUARY 12 2022

  • 1. +1 7754 366 970 analysis@tpglobalfx.com R E P O R T F R O M : T P G LO B A L F X 12 January 2022 Daily Analysis Report
  • 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: U.S. dollar fell sharply against major peers a er Fed Chair Powell’s Tes mony, Asian stock markets in green, gold hovers around $1,820 mark, U.S. Infla on results in focus Key Headlines: • Japan Bank lending remains unchanged at 0.6 pct. • Japan Current Account stands at 1.37T vs 1.03T previous release. • China CPI stands at 1.5 pct vs 2.3 pct previous release. • China PPI stands at 10.3 pct vs 12.9 pct previous release. • Pfizer Inc said on Tuesday it is reducing its U.S. sales staff as it expects doctors and other healthcare providers to want fewer face-to-face interac ons with sales people a er the COVID-19 pandemic ends – Reuters. • The average transac on price of new vehicles in the United States shot up nearly 14% in December from the previous year, driven by strong sales of luxury vehicles, auto industry consultancy Kelley Blue Book said in a report on Tuesday – Reuters. • A small river in the middle of coffee planta ons, sugar cane fields and a forest provides energy to a hydroelectric power plant in Costa Rica that feeds hundreds of computers wired up to the cryptocurrency mining business – Reuters. • The Biden administra on said on Tuesday that federal agencies should require weekly COVID-19 tes ng by Feb. 15 for unvaccinated government employees who are working on-site or interac ng with the public – Reuters. • Canada's Quebec province is working on a plan to require a "health contribu on" from residents who refuse to get a COVID-19 vaccinate for non-medical reasons, Premier Francois Legault said on Tuesday – Reuters. • Turkey has recorded 74,266 new COVID-19 cases in the space of 24 hours, its highest daily figure of the pandemic, health ministry data showed on Tuesday – Reuters. • Italy reported record 220,532 new COVID-19 cases on Tuesday, against 101,762 the day before, the health ministry said – Reuters. • BoJ’s Kuroda - Infla on Expected to Pick up Gradually. • BoJ’s Kuroda - Financial System Maintaining Stability. • BoJ’s Kuroda - Watching Virus Impact, Will Add S mulus If Needed. • Fed’s Powell - Expects To Take 2-4 Mee ngs to work through B/Sheet Decision. • Fed’s Powell - Balance sheet at $9tln is `far above where it needs to be. • Fed’s Powell - The United States' debt is unsustainable, and it is best to address it soon. • Fed's Powell - Much of the rise in infla on is due to pandemic-related disrup ons. • Fed’s Powell - we will use tools to get infla on back. • Fed’s Powell - If more aggressive rate increases needed to cool infla on, fed will do it. • Fed’s Powell - we probably remain in an era of very low interest rates. • Fed’s Powell - At the moment, we need to pay more a en on to infla on than to the maximum employment goal. Economic Data Ahead: • (0700 GMT/1230 IST) German WPI, previous 1.3, expected 1.2. • (1000 GMT/1530 IST) Euro Industrial produc on, previous 1.1, expected 0.1. • (1330 GMT/1900 IST) U.S. CPI, previous 0.8, expected 0.4. • (1330 GMT/1900 IST) U.S. Core CPI, previous 0.5, expected 0.5. Economic Events Ahead: • (1500 GMT/2030 IST) U.S. FOMC member Brainard Speaks. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.07% to 95.56 points.
  • 3. AUD / USD BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 0.7223 R2 S2 0.7250 R3 S3 0.7272 R4 Commentary S4 0.7299 Buy Above 0.7225 07250 0.7202 – Take Profit – Stop Loss Trade Idea Sell Below 0.7199 0.7178 0.7218 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: TheAussie strengthens on Wednesday and hits fresh 7 – day high at $0.7217 mark. Today pair made intraday high at $0.7217 and low at $0.7204 mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7223 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7190 will check further supports. 0.7190 0.7172 0.7155 0.7115
  • 4. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.1387 R2 S2 1.1410 R3 S3 1.1438 R4 Commentary S4 1.1456 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The Euro trades marginally higher on Wednesday and stabilizes above $1.1370 mark. The pair made intraday high at $1.1375 and low at $1.1361 mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A consistent close above $1.1387 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1360 on H1 chart will check further supports. EUR / USD 1.1360 1.1315 1.1290 1.1265 Buy Above 1.1386 1.1420 1.1361 – Take Profit – Stop Loss Trade Idea Sell Below 1.1355 1.1324 1.1376 – Take Profit – Stop Loss Trade Idea Trends Up Trend Moving Average (Period=75) Above MA RSI (Period=26) Above RSI LEVEL 50 JANUARY, 2022
  • 5. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.3650 R2 S2 1.3672 R3 S3 1.3699 R4 Commentary S4 1.3715 Buy Above 1.3650 1.3676 1.3622 – Take Profit – Stop Loss Trade Idea Sell Below 1.3615 1.3581 1.3638 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The sterling trades in narrow range and hovers around $1.3650 mark. U.K.’s Economic Calendar is light for the day. Today pair made intraday high at $1.3645 and low at $1.3626 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $1.3650 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3615 will check further supports. USD 1.3615 1.3589 1.3574 1.3555 GBP/ Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 JANUARY, 2022
  • 6. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 1.2590 R2 S2 1.2612 R3 S3 1.2640 R4 Commentary S4 1.2665 Buy Above 1.2570 1.2599 1.2552 – Take Profit – Stop Loss Trade Idea Sell Below 1.2536 1.2510 1.2556 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The CAD appreciates noticeably and hits highest level since Nov 17, 2021 mark. Pair made intraday high at 1.2579 to 1.2551 mark. Today a day chart and H1 chart with triple EMAsuggest down trend for the time being. A sustained close above 1.2590 on H1 chart requires for the upside rally.Alternatively, a consistent close below 1.2540 on H1 chart will check key supports too. USD /CAD 1.2540 1.2512 1.2480 1.2465 JANUARY, 2022
  • 7. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 115.47 R2 S2 115.75 R3 S3 116.00 R4 Commentary S4 116.30 Buy Above 115.40 115.62 115.20 – Take Profit – Stop Loss Trade Idea Sell Below 115.02 114.76 115.20 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen remains almost unchanged after bank lending and current account data and trading around 115.30 mark. The pair made intraday high at 115.39 and low at 115.23 mark. The triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being. A sustained close above 115.40 on H1 chart requires for the upside rally. Alternatively, a consistent close below 115.22 on H1 chart will check further key supports. USD /JPY 115.22 114.90 114.62 114.30 JANUARY, 2022
  • 8. BUY SELL R E P O R T F R O M : T P G LO B A L F X 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 1827 R2 S2 1832 R3 S3 1838 R4 Commentary S4 1844 Buy Above 1823 1830 1818 – Take Profit – Stop Loss Trade Idea Sell Below 1815 1809 1819 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): The gold rose sharply in previous session after Fed Chair Powell’s comment during Testimony and touched $1,823 mark. Today pair made intraday high at $1,822 and low at $1,817 mark.Atriple EMAon a day chart and H1 chart suggest up trend for the time being.Asustained close above $1,823 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,712 will check further supports. U.S. calendar is empty for the day. XAU [GOLD] USD / 1811 1806 1800 1794 JANUARY, 2022
  • 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com R E P O R T F R O M : T P G L O B A L F X /tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia. Disclamer: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note