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21 January 2022
Daily Analysis Report
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Asian Bulle n: Japanese yen strengthens in early Asia a er BoJâs Monetary Policy Mee ng Minutes, Asian stock markets in red, gold hovers around $1,840 mark
Key Headlines:
⢠New Zealand Business Manufacturing Index stands at 53.7 vs 51.2 previous release.
⢠Japan Na onal Core CPI remains unchanged at 0.5 pct.
⢠U.K. GFK Consumer ConďŹdence stands at -19 vs -15 previous release.
⢠We will all pay a price' if the U.S. and China decouple: World Economic Forum President.
⢠U.S. Treasury Secretary Janet Yellen said on Thursday she was conďŹdent the Federal Reserve and the Biden administra on would take steps needed to bring
down inďŹa on over the course of 2022, provided the COVID-19 pandemic is brought under control â Reuters.
⢠The New York Federal Reserve said on Thursday it is tapping Michelle Neal to head its markets group, ďŹlling a key leadership role as the central bank prepares
to reduce its balance sheet -- a task that would be executed by the regional arm of the Fed â Reuters.
⢠The market for exis ng U.S. homes so ened unexpectedly in December, but 2021 s ll wrapped up with the strongest annual sales in 15 years, data from the
Na onal Associa on of Realtors out Thursday showed â Reuters.
⢠Saint Vincent and the Grenadines has exported a cargo of 110 pounds (49.8 kilos) of medical cannabis a er receiving a license for export to Germany,
according to oďŹcial announcements and a local oďŹcial familiar with the ma er â Reuters.
⢠Brazilian health regulator Anvisa on Thursday approved the emergency use of Sinovac Biotech's COVID-19 vaccine Coronavac on those without underlying
health risks aged 6 to 17, extending the country's eďŹorts to inoculate children and teenagers â Reuters.
⢠Austria's lower house of parliament passed a bill on Thursday making COVID-19 vaccina ons compulsory for adults as of Feb. 1, bringing Austria closer to
introducing the ďŹrst such sweeping coronavirus vaccine mandate in the European Union â Reuters.
⢠A small preliminary laboratory study has shown that levels of Omicron-neutralising an bodies of people vaccinated with Russia's Sputnik V vaccine did not
decline as much as of those who had PďŹzer shots â Reuters.
Economic Data Ahead:
⢠(0700 GMT/1230 IST) U.K. Retail Sales, previous 1.4, expected -0.6.
⢠(1330 GMT/1900 IST) Canada Retail Sales, previous 1.6, expected 1.2.
⢠(1500 GMT/2030 IST) Euro Consumer ConďŹdence, previous -8, expected -9.
⢠(1500 GMT/2030 IST) U.S. CB Leading Index, previous 1.1, expected 0.8.
Economic Events Ahead:
⢠Day 5 â WEF Annual Mee ngs.
⢠(1230 GMT/1800 IST) ECB President Lagarde Speaks.
⢠(1630 GMT/2200 IST) U.S. Treasury Sec Yellen Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.01% to 95.73 points.
3. AUD / USD
BUY SELL
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JANUARY,
2022
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
0.7221
R2 S2
0.7240
R3 S3
0.7265
R4
Commentary
S4
0.7290
Buy Above 0.7220
0.7247
0.7198
â Take Profit
â Stop Loss
Trade Idea
Sell Below 0.7180
0.7155
0.7206
â Take Profit
â Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades marginally lower against U.S. dollar and slips below $0.7200 mark.
Today pair made intraday high at $0.7228 and low at $0.7181 mark. A day chart and H1 chart with
triple EMA suggests bearish trend for the time being. A sustained close above $0.7221 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7172 will check further
supports.
0.7172
0.7155
0.7140
0.7115
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1340
R2 S2
1.1378
R3 S3
1.1405
R4
Commentary
S4
1.1426
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-
Time Frame: H1
EUR/USD: The Euro trades slightly higher ahead of ECB President Lagardeâs speech and stabilizes
above $1.1300 mark. The pair made intraday high at $1.1335 and low at $1.1300 mark. Today triple
EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above
$1.1340 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1300 on
H1 chart will check further supports.
EUR / USD
1.1300
1.1276
1.1255
1.1218
Buy Above 1.1340
1.1364
1.1319
â Take Profit
â Stop Loss
Trade Idea
Sell Below 1.1301
1.1276
1.1321
â Take Profit
â 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
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3612
R2 S2
1.3637
R3 S3
1.3655
R4
Commentary
S4
1.3680
Buy Above 1.3612
1.3638
1.3585
â Take Profit
â Stop Loss
Trade Idea
Sell Below 1.3572
1.3542
1.3600
â Take Profit
â Stop Loss
Trade Idea
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Time Frame: H1
GBP/USD: The sterling trades in narrow range ahead of U.K.âs Retail Sales data and hovers around
$1.3600 mark. Today pair made intraday high at $1.3602 and low at $1.3579 mark. A day chart is up
and H1 chart with triple EMA suggests down trend for the time being. A sustained close above
$1.3612 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3577 will
check further supports.
USD
1.3577
1.3550
1.3518
1.3490
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JANUARY,
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
1.2565
R3 S3
1.2590
R4
Commentary
S4
1.2626
Buy Above 1.2530
1.2557
1.2505
â Take Profit
â Stop Loss
Trade Idea
Sell Below 1.2496
1.2470
1.2518
â Take Profit
â Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD remained highly volatile in previous session and currently stabilizes above
1.2500 mark ahead of Canadaâs Retail Sales data. Pair made intraday high at 1.2537 and low at
1.2498 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time
being. A sustained close above 1.2530 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 1.2500 on H1 chart will check key supports too.
USD /CAD
1.2491
1.2455
1.2425
1.2397
JANUARY,
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
114.00
R2 S2
114.30
R3 S3
114.50
R4
Commentary
S4
114.77
Buy Above 114.01
114.30
113.72
â Take Profit
â Stop Loss
Trade Idea
Sell Below 113.55
113.21
113.80
â Take Profit
â Stop Loss
Trade Idea
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analysis@tpglobalfx.com
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Time Frame: H1
USD/JPY: The Japanese yen strengthens in early Asia and remains well supported below 114.00
mark. The pair made intraday high at 114.15 and low at 113.65 mark. The triple EMAon a day chart is
up and H1 chart suggests bearish trend for the time being. A sustained close above 114.00 on H1
chart requires for the upside rally.Alternatively, a consistent close below 113.57 on H1 chart will check
further key supports.
USD /JPY
113.57
113.38
113.12
112.90
JANUARY,
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
1849
R2 S2
1854
R3 S3
1860
R4
Commentary
S4
1864
Buy Above 1843
1849
1838
â Take Profit
â Stop Loss
Trade Idea
Sell Below 1834
1827
1839
â Take Profit
â Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The gold trades marginally higher on Friday and stabilizes around $1,840 mark.
Today pair made intraday high at $1,842 and low at $1,836 mark. A triple EMA on a day chart and H1
chart suggest up trend for the time being.Asustained close above $1,847 on H1 chart requires for the
upside rally. Alternatively, a consistent close below $1,837 will check further supports. U.S. Calendar
will remain light buy U.S.Treasury SecYellenâs speech will remain in focus.
XAU [GOLD]
USD
/
1836
1832
1827
1821
JANUARY,
2022
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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