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22 June 2022
Daily Analysis Report
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Asian Bulle n: U.S. dollar rises gradually against major peers ahead of Fed Chair Powell’s Tes mony, Asian stock markets in red, gold hovers around $1,825 mark
Key Headlines:
• New Zealand Trade Balance stands at 263M vs 440M previous release.
• Australia MI Leading Index stands at -0.1 pct vs -0.2 pct previous release.
• U.S. stock index futures climbed on Tuesday as investors returned from a long weekend to scoop up shares of megacap growth companies and banks that were hammered in a rout
last week on worries over a global economic downturn – Reuters.
• Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for Interna onal
Se lements has said – Reuters.
• Harmonised insurance protec on schemes of last resort are needed across the European Union as consumers increasingly buy policies from outside their country, the bloc's
insurance regulator said on Tuesday – Reuters.
• The U.S. Federal Reserve will release the results of its annual bank health checks on Thursday. Under the "stress test" exercise established following the 2007-2009 financial crisis,
the Fed tests banks' balance sheets against a hypothe cal severe economic downturn, the elements of which change annually – Reuters.
• Federal Reserve Governor Christopher Waller on Saturday became the latest U.S. central banker to pledge a whatever-it-takes approach to figh ng infla on, three days a er the Fed
raised interest rates by three-quarters of a percentage point and signaled more hikes to come – Reuters.
• Legislators in Macau approved a landmark casino bill on Tuesday, the biggest reforms in more than two decades, ahead of an expected casino licence bidding process in the world's
biggest gambling hub – Reuters.
• Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for Interna onal
Se lements has said – Reuters.
• U.S. President Joe Biden is considering scrapping tariffs on a range of Chinese goods to curb infla on, but no decision is likely before next week's Group of Seven summit, people
familiar with the ma er said – Reuters.
• South Korea reported its first two suspected cases of monkeypox virus infec ons in the country, Yonhap News Agency reported late Tuesday, ci ng health authori es – Reuters.
• A G20 fund to be er prepare for future pandemics may be opera onal at the end of June, if an approval is given by the board of the World Bank, which houses it, the finance
minister of current G20 president Indonesia said late on Tuesday – Reuters.
• Singapore has confirmed an imported case of monkeypox, the health ministry said late on Tuesday, the first such case reported in Southeast Asia during this year's outbreak of the
viral disease – Reuters.
Key Economic Indicators Ahead
• (0600 GMT/1130 IST) U.K. CPI, previous 9.0, expected 9.1.
• (0600 GMT/1130 IST) U.K. Core CPI, previous 6.2, expected 6.0.
• (0600 GMT/1130 IST) U.K. PPI Input, previous 1.1, expected 1.8.
• (0600 GMT/1130 IST) U.K. PPI Output, previous 2.3, expected 1.6.
• (0600 GMT/1130 IST) U.K. RPI, previous 11.1, expected 11.4.
• (0830 GMT/1400 IST) U.K. HPI, previous 9.8, expected 10.0.
• (1230 GMT/1800 IST) Canada CPI, previous 0.6, expected 1.0.
• (1230 GMT/1800 IST) Canada Common CPI, previous 3.2, expected 3.4.
• (1230 GMT/1800 IST) Canada Median CPI, previous 4.4, expected 4.7.
• (1230 GMT/1800 IST) Canada Trimmed CPI, previous 5.1, expected 5.4.
• (1230 GMT/1800 IST) Canada Core CPI, previous 0.7.
• (1400 GMT/1930 IST) Euro Consumer Confidence, previous -21, expected -20.
Economic Events Ahead:
• (1300 GMT/1830 IST) SNB Chairman Jordan Speaks.
• (1330 GMT/1900 IST) U.S. Fed Chair Powell’s Tes mony Day 01.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.16% to 104.60 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
0.6962
R2 S2
0.6987
R3 S3
0.7002
R4
Commentary
S4
0.7022
Buy Above 0.6965
0.6996
0.6940
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6905
0.6872
0.6940
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie starts a new day on a lower note and remains well supported below $0.6950
mark. Today pair made intraday high at $0.6972 and low at $0.6915 mark. A day chart and H1 chart
with triple EMA suggest down trend for the time being. A sustained close above $0.6962 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.6905 will check further
supports.
0.6905
0.6891
0.6862
0.6837
JUNE,
2022
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0540
R2 S2
1.0572
R3 S3
1.0594
R4
Commentary
S4
1.0622
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-
Time Frame: H1
EUR/USD: The euro remained highly volatile in previous session and hovers around $1.0510 mark.
The pair made intraday high at $1.0538 and low at $1.0502 mark. Today triple EMAon a day chart and
H1 chart suggest bearish trend for the time being. A consistent close above $1.0540 on H1 chart
requires for the upside rally. Alternatively, a sustained close below $1.0499 on H1 chart will check
further supports.
EUR / USD
1.0485
1.0465
1.0432
1.0410
Buy Above 1.0540
1.0570
1.0511
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0490
1.0460
1.0527
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2022
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2272
R2 S2
1.2296
R3 S3
1.2318
R4
Commentary
S4
1.2354
Buy Above 1.2271
1.2298
1.2240
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2211
1.2178
1.2248
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling falls in Asian hours ahead of U.K’s CPI data and remains well supported
below $1.2250 mark. Today pair made intraday high at $1.2280 and low at $1.2234 mark.Aday chart
and H1 chart with triple EMAsuggest down trend for the time being.Asustained close above $1.2272
on H1 chart will check key resistances. Alternatively, a consistent close below $1.2221 will check
further supports.
USD
1.2221
1.2201
1.2176
1.2130
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 Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26 Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2984
R2 S2
1.3030
R3 S3
1.3055
R4
Commentary
S4
1.3072
Buy Above 1.2984
1.3020
1.2950
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2940
1.2901
1.2968
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD starts a new day on a lower note ahead of Canada’s inflation data and jumps
back above 1.2950 mark. Today the pair made intraday high at 1.2974 and low at 1.2931 mark. Today
a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained
close above 1.2984 on H1 chart requires for the upside rally. Alternatively, a consistent close below
1.2930 on H1 chart will check key supports too.
USD /CAD
1.2930
1.2911
1.2894
1.2865
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
136.74
R2 S2
137.12
R3 S3
137.50
R4
Commentary
S4
137.82
Buy Above 136.52
136.91
136.18
– Take Profit
– Stop Loss
Trade Idea
Sell Below 135.72
135.31
136.18
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen spikes down sharply in early Asia and hits lowest level since Oct 1998.
The pair made intraday high at 136.71 and low at 136.05 mark. The triple EMA on a day chart and H1
chart suggest up trend for the time being.Asustained close above 136.74 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 135.72 on H1 chart will check further key supports.
USD /JPY
135.72
135.40
135.21
134.90
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
1832
R2 S2
1838
R3 S3
1842
R4
Commentary
S4
1848
Buy Above 1832
1838
1826
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1820
1815
1827
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold depreciates on Wednesday ahead of Fed Chair Powell’s testimony and hits
fresh weekly low at $1,824 mark. Today the pair made intraday high at $1,833 and low at $1,824 mark.
A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close
above $1,832 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,822
on H1 chart will test further supports.
XAU [GOLD]
USD
/
1822
1816
1812
1806
JUNE,
2022
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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