DAILY ANALYSIS REPORT MARCH 31 2022

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31 March 2022
Daily Analysis Report

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Asian Bulle n: Japanese yen falls in early Asian as Industrial produc on Data misses expecta ons, Asian stock markets mixed, gold hovers around $1,920 mark
Key Headlines:
• Japan Prelim Industrial Produc on stands at 0.1 pct vs -0.8 pct previous release.
• Australia Building approvals stands at 43.5 vs -21.1 previous release.
• Australia Private Sector Credit remains unchanged at 0.6 pct.
• China Manufacturing PMI stands at 49.5 vs 50.2 previous release.
• China Non Manufacturing PMI stands at 48.4 vs 51.6 previous release.
• The closely watched two-year/10-year part of the U.S. Treasury yield curve briefly inverted on Tuesday, which in the past has indicated that a recession could start in one to two
years – Reuters.
• Microso Corp President Brad Smith wrote to Ukraine's leader this month with a clear message: despite Kyiv's calls for it to sever all es with Russia, the U.S. so ware behemoth
would con nue doing business in the country with non-sanc oned clients, including schools and hospitals – Reuters.
• The U.S. and European equi es rally wavered on Wednesday as investors reviewed economic and geopoli cal risks, while oil prices jumped more than $2 on the prospect of more
Russian sanc ons – Reuters.
• Russia plans to keep the contract currency for gas exports to Europe unchanged but will seek final payment in roubles as one of the op ons to switch the currency of gas trade, two
Russian sources said on Wednesday – Reuters.
• Russia has managed to avoid defaul ng on its interna onal debt so far despite unprecedented Western sanc ons. But the task is ge ng harder and Moscow's threat to cut Europe’s
gas supply seems to be upping the ante further – Reuters.
• Europe's plans to build stocks and ensure gas supplies for next winter could be upended if exports from Russia are halted in a standoff over payment terms, risking curbs on
industrial use, analysts warned – Reuters.
• Much of Canada is facing a fresh COVID-19 wave just as authori es ease measures meant to curb the spread of the virus, emboldened by a brief drop in cases and rela vely high
vaccina on rates – Reuters.
• The World Health Organiza on on Wednesday released an updated plan for COVID-19, laying out key strategies that, if implemented in 2022, would allow the world to end the
emergency phase of the pandemic – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) German Retail Sales, previous 1.4, expected 0.5.
• (0600 GMT/1130 IST) U.K. Current Account, previous -24.4B, expected -18.5B.
• (0600 GMT/1130 IST) U.K. Final GDP, previous 1.0, expected 1.0.
• (0630 GMT/1200 IST) Swiss Retail Sales, previous 5.1, expected 5.3.
• (0645 GMT/1215 IST) France Consumer Spending, previous -1.5, expected 1.2.
• (0755 GMT/1325 IST) German Unemployment Change, previous -33K, expected -19K.
• (0800 GMT/1330 IST) Italy Monthly Unemployment Rate, previous 6.8, expected 6.7.
• (1230 GMT/1800 IST) Canada GDP, previous 0.0, expected 0.2.
• (1230 GMT/1800 IST) U.S. Core PCE Price Index, previous 0.5, expected 0.4.
• (1230 GMT/1800 IST) U.S. Unemployment Claims Weekly, previous 187K, expected 195K.
• (1230 GMT/1800 IST) U.S. Personal income, previous 0.0, expected 0.5.
• (1230 GMT/1800 IST) U.S. Personal spending, previous 2.1, expected 0.5.
• (1345 GMT/1415 IST) U.S. Chicago PMI, previous 56.3, expected 56.9.
Economic Events Ahead:
• All Day – OPEC – JMMC Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.06% to 97.85 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
0.7512
R2 S2
0.7530
R3 S3
0.7555
R4
Commentary
S4
0.7578
Buy Above 0.7526
0.7555
0.7501
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7472
0.7440
0.7498
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie weakens in opening hours despite robust BuildingApprovals data and hovers
around key support at $0.7490 mark. Today pair made intraday high at $0.7525 and low at $0.7483
mark. A day chart is up and H1 chart with triple EMA suggests down trend for the time being. A
sustained close above $0.7512 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $0.7474 will check further supports.
0.7470
0.7456
0.7430
0.7405
MARCH,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1191
R2 S2
1.1222
R3 S3
1.1250
R4
Commentary
S4
1.1276
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-
Time Frame: H1
EUR/USD: The euro continues to strengthen against U.S. dollar and touches $1.1184 mark in
opening hours. The pair made intraday high at $1.1184 and low at $1.1156 mark. Today triple EMAon
a day chart is down and H1 chart suggests up trend for the time being. A consistent close above
$1.1180 on H1 chart requires for the upside rally.Alternatively, a sustained close below $1.1148 on H1
chart will check further supports. European Economic Calendar will remain busy for the day, which will
provide further directions to the parity.
EUR / USD
1.1148
1.1112
1.1080
1.1055
Buy Above 1.1190
1.1226
1.1160
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1148
1.1115
1.1178
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MARCH,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3141
R2 S2
1.3165
R3 S3
1.3190
R4
Commentary
S4
1.3224
Buy Above 1.3142
1.3172
1.3120
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3101
1.3072
1.3124
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling starts a new day on a lower note ahead of Final GDP and Current Account
data. Today pair made intraday high at $1.3144 and low at $1.3114 mark. A day chart and H1 chart
with triple EMA suggest bearish trend for the time being. A sustained close above $1.3141 on H1
chart will check key resistances. Alternatively, a consistent close below $1.3102 will check further
supports.
USD
1.3102
1.3078
1.3052
1.3026
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MARCH,
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
1.2530
R2 S2
1.2555
R3 S3
1.2572
R4
Commentary
S4
1.2599
Buy Above 1.2530
1.2560
1.2504
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2490
1.2460
1.2515
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD erases previous gain on Thursday and jumps back above 1.2500 mark. The pair
made intraday high at 1.2518 and low at 1.2476 mark. Today a day chart is down and H1 chart with
triple EMAsuggests up trend for the time being.Asustained close above 1.2530 on H1 chart requires
for the upside rally.Alternatively, a consistent close below 1.2490 on H1 chart will check key supports
too. Canada’s GDPdata will remain in focus.
USD /CAD
1.2490
1.2465
1.2430
1.2412
MARCH,
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
122.48
R2 S2
122.76
R3 S3
122.92
R4
Commentary
S4
123.18
Buy Above 122.50
122.78
122.20
– Take Profit
– Stop Loss
Trade Idea
Sell Below 121.88
121.52
122.22
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen falls in early Asia as Japan’s Prelim Industrial Production data misses
expectations and remains well supported above 122.00 mark. The pair made intraday high at 122.45
and low at 121.77 mark. The triple EMA on a day chart is up and H1 chart suggests bearish trend for
the time being.Asustained close above 122.48 on H1 chart requires for the upside rally.Alternatively,
a consistent close below 121.61 on H1 chart will check further key supports.
USD /JPY
121.61
121.40
121.12
121.00
MARCH,
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
1938
R2 S2
1942
R3 S3
1948
R4
Commentary
S4
1955
Buy Above 1928
1934
1922
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1916
1909
1922
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold enjoys roller coaster movement and stabilizes above $1,920 mark ahead of
U.S. Personal Income/spending and Chicago PMI data. Today pair made intraday high at $1,934 and
low at $1,923 mark. A triple EMA on a day chart and H1 chart suggest up trend for the time being. A
sustained close above $1,937 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,921 will check further supports.
XAU [GOLD]
USD
/
1921
1916
1911
1906
MARCH,
2022

9. Thank
you!
Info@tpglobalfx.com
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