DAILY ANALYSIS REPORT APRIL 04 2022

+1 7754 366 970
analysis@tpglobalfx.com
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04 April 2022
Daily Analysis Report

+1 7754 366 970
Asian Bulle n: U.S. dollar starts a new week on a flat note, Asian stock markets in green, gold slips below $1,920 mark
Key Headlines:
• Chinese banks will be closed in observance of Tomb Sweeping Day.
• Japan Monetary base stands at 7.9 pct vs 7.6 pct previous release.
• Australia MI Infla on Gauge stands at 0.8 pct vs 0.5 pct previous release.
• Germany’s Defense Minister called for fresh discussions with the EU on banning Russian gas imports – sources.
• Shanghai reports 9,006 new coronavirus cases, the biggest one-day increase on record – BNO News.
• Chinese army sending more than 2,000 medical personnel to Shanghai as COVID outbreak con nues to worsen – BNO News.
• S&P Global Ra ngs cut Turkey’s local currency credit ra ng further into junk, while keeping a nega ve outlook on the country and affirming the foreign currency score – BNN
Bloomberg.
• China will expand its digital yuan trial to more areas from the current 11 ci es and regions, according to the central bank – BNN Bloomberg.
• Shanghai ordered its 26 million residents to undergo two more rounds of tests as public anger mounts – Reuters.
• Hong Kong health authori es reported 3,709 new COVID-19 cases on Sunday, down from 4,475 the previous day, and 111 deaths as infec ons in the global financial hub con nue to
drop – Reuters.
• A recent rise in Taiwan's domes c COVID-19 cases will not affect plans to gradually re-open as hardly any of the new infec ons have caused serious illness, Premier Su Tseng-chang
said on Sunday – Reuters.
• The World Health Organiza on said on Saturday it has suspended supply through United Na ons agencies of COVID-19 vaccine Covaxin, produced by India's Bharat Biotech, to allow
the manufacturer to upgrade facili es and address deficiencies found in an inspec on – Reuters.
• Brazilian health agency Anvisa on Saturday issued a new set of rules for incoming interna onal travelers, easing restric ons related to the COVID-19 pandemic as the health crisis
subsides in the South American na on – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) German Trade Balance, previous 9.4B, expected 11.3B.
• (0700 GMT/1230 IST) Spain Unemployment Change, previous -11.4K, expected 15.3K.
• (0830 GMT/1400 IST) Euro Sen x investor Confidence, previous -7.0, expected -9.3.
• (1230 GMT/1800 IST) Canada Building Permits, previous -8.8, expected 6.9.
• (1400 GMT/1930 IST) U.S. Factory Orders, previous 1.4, expected -0.5.
Economic Events Ahead:
• (0905 GMT/1435 IST) U.K. BOE Gov Bailey Speaks.
• (1430 GMT/2000 IST) Canada Business Outlook Survey.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.06% to 98.57 points.

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
0.7530
R2 S2
0.7555
R3 S3
0.7578
R4
Commentary
S4
0.7599
Buy Above 0.7530
0.7558
0.7502
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7485
0.7455
0.7512
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
AUD/USD: The Aussie trades slightly higher on Monday and remains well supported above $0.7500
mark. Today pair made intraday high at $0.7515 and low at $0.7482 mark. A day chart and H1 chart
with triple EMAsuggest bullish trend for the time being.Asustained close above $0.7530 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7470 will check further
supports.
0.7470
0.7455
0.7430
0.7405
APRIL,
2022

BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1067
R2 S2
1.1092
R3 S3
1.1126
R4
Commentary
S4
1.1154
+1 7754 366 970
-
Time Frame: H1
EUR/USD: The euro starts a new week on a ﬂat note and remains well supported around $1.1050
mark. The pair made intraday high at $1.1054 and low at $1.1029 mark. Today triple EMA on a day
chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.1067 on H1
chart requires for the upside rally. Alternatively, a sustained close below $1.1027 on H1 chart will
check further supports.
EUR / USD
1.1027
1.1002
1.0970
1.0955
Buy Above 1.1060
1.1090
1.1036
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1022
1.0992
1.1054
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
APRIL,
2022

BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3141
R2 S2
1.3176
R3 S3
1.3192
R4
Commentary
S4
1.3224
Buy Above 1.3140
1.3170
1.3112
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3099
1.3071
1.3127
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
GBP/USD: The Sterling appreciates slightly on Monday ahead of BOE Gov Bailey’s speech and
remains well supported above $1.3100 mark. Today pair made intraday high at $1.3120 and low at
$1.3086 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A
sustained close above $1.3141 on H1 chart will check key resistances. Alternatively, a consistent
close below $1.3090 will check further supports.
USD
1.3086
1.3052
1.3026
1.3002
GBP/
Trends Down Trend
APRIL,
2022

BUY SELL
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Technical Summary
Trends Down Trend
H 1
FIBO Levels PIVOT
R1 S1
1.2530
R2 S2
1.2555
R3 S3
1.2572
R4
Commentary
S4
1.2599
Buy Above 1.2530
1.2555
1.2510
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2499
1.2476
1.2522
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
USD/CAD: The CAD trades in narrow range ahead of BOC Business Outlook Survey report and
stabilizes above 1.2500 mark. The pair made intraday high at 1.2528 and low at 1.2509 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 1.2482
on H1 chart will check key supports too.
USD /CAD
1.2482
1.2465
1.2430
1.2412
APRIL,
2022

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
122.91
R2 S2
123.18
R3 S3
123.55
R4
Commentary
S4
123.78
Buy Above 122.91
123.30
122.52
– Take Profit
– Stop Loss
Trade Idea
Sell Below 122.21
121.90
122.52
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
USD/JPY: The Japanese yen starts a new week on a ﬂat note and consolidates around 122.50 mark.
The pair made intraday high at 122.73 and low at 122.26 mark. The triple EMA on a day chart and H1
chart suggest up trend for the time being.Asustained close above 122.91 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 122.40 on H1 chart will check further key supports
USD /JPY
122.40
122.01
121.78
121.40
APRIL,
2022

BUY SELL
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Technical Summary
Trend Down Trend
H 1
FIBO Levels PIVOT
R1 S1
1927
R2 S2
1932
R3 S3
1938
R4
Commentary
S4
1942
Buy Above 1927
1932
1921
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1911
1904
1919
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
XAU/USD (GOLD): Gold starts a new week on a lower note and slips below $1,920 mark. Today pair
made intraday high at $1,926 and low at $1,915 mark. A triple EMA on a day chart is up and H1 chart
suggests down trend for the time being. A sustained close above $1,925 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,912 will check further supports.
XAU [GOLD]
USD
/
1912
1908
1904
1897
APRIL,
2022

Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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DAILY ANALYSIS REPORT APRIL 04 2022

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DAILY ANALYSIS REPORT APRIL 04 2022