DAILY ANALYSIS REPORT JUNE 03 2022

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03 June 2022
Daily Analysis Report

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Asian Bulle n: U.S. dollar depreciated dras cally across the board as Factory orders & ADP Job data missed expecta ons, most Asian stock markets in green, gold hovers around $1,870 mark
ahead of U.S. NFP Job data
Key Headlines:
• UK banks will be closed in observance of the Pla num Jubilee Bank Holiday.
• Australia AIG Construc on Index stands at 50.4 vs 55.9 previous release.
• Banks in China are urging regulators to relax rigid documenta on rules as companies there have not been able to fulfill them due to COVID-19 lockdowns, forcing the lenders to halt
services such as loan disbursements, sources said – Reuters.
• Bank of England Deputy Governor Jon Cunliffe said on Wednesday the central bank was seeing evidence of a slowdown in the housing market – Reuters.
• Russia's largest lender Sberbank said on Tuesday new European sanc ons would not impact its opera ons a er European Union leaders agreed to cut bank that was already under
sanc ons from the SWIFT messaging system – Reuters.
• Chinese consumers are likely to have to pay more for food staples like noodles and bread this year, as record wheat prices in the world's top consumer of the grain get passed on to
food makers, traders and analysts said – Reuters.
• U.S. stock index futures rose on Thursday as a pullback in oil prices li ed investor sen ment in the run-up to a private payrolls report that could provide a clearer picture of the labor
market – Reuters.
• Futures for Canada's main stock index rose on Thursday on higher gold prices and as global stocks steadied as a dip in oil prices calmed investor nerves about surging infla on and
aggressive policy ghtening – Reuters.
• Moderna Inc said on Thursday it has agreed to push back some COVID-19 vaccine deliveries to the European Union by several months to later in 2022 or early next year – Reuters.
• The White House expects vaccina ons of young children to begin in earnest as early as June 21, if federal authori es approve their use in coming weeks, White House COVID
response coordinator Ashish Jha said on Thursday – Reuters.
• The European Investment Bank (EIB) commi ed 75 million euros ($80 million) on Thursday to finance construc on of a new facility in Senegal that will produce COVID-19 and other
vaccines for use across Africa – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) German Trade Balance, previous 3.2B, expected 5.6B.
• (0645 GMT/1215 IST) France Industrial Produc on, previous -0.5, expected 0.2.
• (0715 GMT/1245 IST) Spain Services PMI, previous 57.1, expected 56.0.
• (0745 GMT/1315 IST) Italy Services PMI, previous 55.7, expected 54.6.
• (0750 GMT/1320 IST) France Final Services PMI, previous 58.4, expected 58.4.
• (0755 GMT/1325 IST) German Final Services PMI, previous 56.3, expected 56.3.
• (0800 GMT/1330 IST) Euro Final Services PMI, previous 56.3, expected 56.3.
• (0900 GMT/1430 IST) Euro Retail Sales, previous -0.4, expected 0.3.
• (1230 GMT/1800 IST) U.S. NFP Job data, previous 428K, expected 325K.
• (1230 GMT/1800 IST) U.S. Unemployment Rate, previous 3.6, expected 3.5.
• (1345 GMT/1915 IST) U.S. Final Services PMI, previous 53.5, expected 53.5.
• (1400 GMT/1930 IST) U.S. ISM Services PMI, previous 57.1, expected 56.5.
Economic Events Ahead:
• (1430 GMT/2000 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 0.17% to 101.65 points.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.01% to 102.51 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
0.7270
R2 S2
0.7299
R3 S3
0.7315
R4
Commentary
S4
0.7350
Buy Above 0.7275
0.7312
0.7250
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7238
0.7210
0.7270
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie remains slightly volatile after Construction PMI data and stabilizes above
$0.7250 mark. Today pair made intraday high at $0.7282 and low at $0.7253 mark.Aday chart and H1
chart with triple EMA suggest up trend for the time being. A sustained close above $0.7270 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.7240 will check further
supports.
0.7240
0.7212
0.7200
0.7178
JUNE,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0776
R2 S2
1.0804
R3 S3
1.0826
R4
Commentary
S4
1.0850
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-
Time Frame: H1
EUR/USD: The euro recovers sharply from previous losses ahead of Services PMI data and remains
well supported above $1.0750 mark. The pair made intraday high at $1.0764 and low at $1.0740
mark. Today triple EMA on a day chart is down and H1 chart suggests up trend for the time being. A
consistent close above $1.0776 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.0737 on H1 chart will check further supports.
EUR / USD
1.0737
1.0705
1.0682
1.0655
Buy Above 1.0772
1.0799
1.0750
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0737
1.0705
1.0765
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JUNE,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2590
R2 S2
1.2615
R3 S3
1.2640
R4
Commentary
S4
1.2672
Buy Above 1.2590
1.2626
1.2560
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2555
1.2522
1.2574
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling trades flat on Friday as UK banks will be closed in observance of the
Platinum Jubilee Bank Holiday. Today pair made intraday high at $1.2589 and low at $1.2570 mark.A
day chart is down and H1 chart with triple EMA suggests up trend for the time being. A sustained
close above $1.2590 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.2550 will check further supports.
USD
1.2550
1.2521
1.2500
1.2486
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JUNE,
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
1.2602
R2 S2
1.2626
R3 S3
1.2652
R4
Commentary
S4
1.2680
Buy Above 1.2602
1.2638
1.2578
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2555
1.2511
1.2578
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD exhibits range bound movement on Friday and Consolidates around 1.2570
mark. Today the pair made intraday high at 1.2578 and low at 1.2557 mark. Today a day chart and H1
chart with triple EMA suggest down trend for the time being. A sustained close above 1.2602 on H1
chart requires for the upside rally.Alternatively, a consistent close below 1.2550 on H1 chart will check
key supports too.
USD /CAD
1.2550
1.2521
1.2501
1.2480
JUNE,
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
130.21
R2 S2
130.48
R3 S3
130.76
R4
Commentary
S4
131.01
Buy Above 130.05
130.40
129.78
– Take Profit
– Stop Loss
Trade Idea
Sell Below 129.60
129.25
129.90
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades in narrow range on Friday and hovers around 130.00 mark. The
pair made intraday high at 130.04 and low at 129.68 mark. The triple EMAon a day chart and H1 chart
suggest bullish trend for the time being. A sustained close above 130.21 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 129.65 on H1 chart will check further key supports.
USD /JPY
129.65
129.40
129.15
128.89
JUNE,
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
1876
R2 S2
1882
R3 S3
1889
R4
Commentary
S4
1894
Buy Above 1874
1881
1867
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1864
1858
1870
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold appreciated extremely in previous session as U.S. released Factory orders
and NFP job data with negative numbers. The pair made intraday high at $1,874 and low at $1,867
mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A
sustained close above $1,876 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,862 on H1 chart will test further supports. Later today U.S. NFP Job data and ISM
Services PMI data will provide further directions to the U.S. dollar.
XAU [GOLD]
USD
/
1862
1857
1852
1847
JUNE,
2022

9. Thank
you!
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