DAILY ANALYSIS REPORT APRIL 05 2022

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05 April 2022
Daily Analysis Report

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Asian Bulle n: Aussie spikes up extremely a er RBA’s Cash Rate Decision & Monetary Policy Statement, Asian stock markets mixed, gold hovers around $1,930 mark
Key Headlines:
• RBA kept cash rate unchanged at 0.10 pct.
• RBA - Central forecast is for the unemployment rate to fall to below 4 per cent this year and to remain below 4 per cent next year.
• RBA - Given the ghtness of the labour market, a further pick-up in aggregate wages growth and broader measures of labour costs is in prospect.
• RBA - following the omicron setback, the Australian economy has remained resilient, with spending picking up.
• RBA - Financial condi ons in Australia con nue to be highly accommoda ve.
• RBA - Interest rates remain at a very low level, although fixed mortgage rates for new loans have risen recently.
• RBA - The Board has wanted to see actual evidence that infla on is sustainably within the 2 to 3 per cent target range before it increases interest rates.
• Australia AIG Construc on Index stands at 56.5 vs 53.4 previous release.
• Japan Average Cash earnings stand at 1.2 pct vs 1.1 pct previous release.
• Japan household spending stands at 1.1 pct vs 6.9 pct previous release.
• Wall Street's main indexes rose on Monday, boosted by megacap tech and growth stocks and a surge in Twi er a er Elon Musk revealed his stake in the company, amid cau onary
signals in the bond market and talk of more sanc ons against Russia over Ukraine – Reuters.
• Gary Gensler, the head of the U.S. securi es regulator, said on Monday the agency is weighing how it could extend investor protec ons afforded to users of exchanges and
alterna ve trading pla orms to crypto trading pla orms – Reuters.
• In the run-up to Tesla Inc Chief Execu ve Elon Musk's public disclosure of a $3 billion stake in Twi er , the billionaire had cri cized the microblogging site for failing to adhere to free
speech principles and said he was contempla ng building a new social media pla orm - Reuters.
• The White House said on Monday said it welcomed progress on an emerging deal in Congress for addi onal COVID aid but said it would not meet all the "dire" needs that a higher
amount of aid would achieve – Reuters.
• The U.S. na onal public health agency said on Monday the BA.2 sub-variant of Omicron was es mated to account for nearly three of every four coronavirus variants in the country –
Reuters.
• South Africa's na onal state of disaster, in place for more than two years in response to COVID-19, will end from midnight local me on Monday, President Cyril Ramaphosa said –
Reuters.
• The U.S. Food and Drug Administra on's expert advisers will discuss the ming of addi onal COVID-19 vaccine boosters and the people eligible for the extra shots in a mee ng later
this week, the health agency said on Monday – Reuters.
• The U.S. Department of Agriculture is looking into vaccines as an op on to protect poultry against deadly bird flu, the agency's chief veterinary officer said as the country faces its
worst outbreak since 2015 – Reuters.
Economic Data Ahead:
• (0645 GMT/1215 IST) France Industrial produc on, previous 1.6, expected -0.4.
• (0715 GMT/1245 IST) Spain Services PMI, previous 56.6, expected 54.2.
• (0745 GMT/1315 IST) Italy Services PMI, previous 52.8, expected 51.6.
• (0750 GMT/1320 IST) France Services PMI, previous 57.4, expected 57.4.
• (0755 GMT/1325 IST) German Services PMI, previous 55.0, expected 55.0.
• (0800 GMT/1330 IST) Euro Services PMI, previous 54.8, expected 54.8.
• (0830 GMT/1400 IST) U.K. Services PMI, previous 61.0, expected 60.9.
• (1230 GMT/1800 IST) Canada Trade balance, previous 2.6B, expected 2.9B.
• (1230 GMT/1800 IST) U.S. Trade Balance, previous -89.7B, expected -88.5B.
• (1345 GMT/1915 IST) U.S. Final Services PMI, previous 58.9, expected 58.9.
• (1400 GMT/1930 IST) U.S. ISM Services PMI, previous 56.5, expected 58.6.
Economic Events Ahead:
• All Day – ECOFIN Mee ngs.
• (1405 GMT/1935 IST) 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 0.02% to 98.98 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
0.7622
R2 S2
0.7640
R3 S3
0.7658
R4
Commentary
S4
0.7681
Buy Above 0.7620
0.7662
0.7587
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7521
0.7491
0.7540
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades flat ahead of RBA’s Cash Rate Decision and hovers around $0.7550
mark. Today pair made intraday high at $0.7548 and low at $0.7535 mark. A day chart and H1 chart
with triple EMAsuggest bullish trend for the time being.Asustained close above $0.7550 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7502 will check further
supports.
0.7502
0.7480
0.7461
0.7437
APRIL,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0999
R2 S2
1.1026
R3 S3
1.1054
R4
Commentary
S4
1.1082
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-
Time Frame: H1
EUR/USD: The euro fell sharply on Monday and stabilizes below $1.1000 mark ahead of Euro Zone’s
Services PMI data. The pair made intraday high at $1.0979 and low at $1.0965 mark. Today triple
EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above
$1.0999 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0950 on
H1 chart will check further supports.
EUR / USD
1.0950
1.0915
1.0900
1.0872
Buy Above 1.0991
1.1026
1.0961
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0950
1.0918
1.0975
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
APRIL,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3130
R2 S2
1.3176
R3 S3
1.3192
R4
Commentary
S4
1.3224
Buy Above 1.3130
1.3156
1.3105
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3090
1.3065
1.31115
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The Sterling exhibits range bound movement and consolidates around $1.3115 mark
ahead of U.K.’s Services PMI data. Today pair made intraday high at $1.3122 and low at $1.3106
mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained
close above $1.3130 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.3099 will check further supports.
USD
1.3099
1.3076
1.3052
1.3021
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
APRIL,
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
1.2499
R2 S2
1.2530
R3 S3
1.2555
R4
Commentary
S4
1.2572
Buy Above 1.2502
1.2528
1.2481
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2480
1.2455
1.2499
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD moves in rigid boundaries ahead of Canada’s Trade balance data and slips back
below 1.2500 mark. The pair made intraday high at 1.2492 and low at 1.2478 mark. Today a day chart
and H1 chart with triple EMAsuggest bearish trend for the time being.Asustained close above 1.2499
on H1 chart requires for the upside rally.Alternatively, a consistent close below 1.2472 on H1 chart will
check key supports too.
USD /CAD
1.2465
1.2430
1.2412
1.2400
APRIL,
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
122.94
R2 S2
123.18
R3 S3
123.55
R4
Commentary
S4
123.78
Buy Above 123.02
123.37
122.77
– Take Profit
– Stop Loss
Trade Idea
Sell Below 122.21
121.90
122.52
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally higher on Tuesday after mixed Economic results and
hovers around 122.50 mark. The pair made intraday high at 122.85 and low at 122.37 mark. The triple
EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above
122.94 on H1 chart requires for the upside rally. Alternatively, a consistent close below 122.11 on H1
chart will check further key supports.
USD /JPY
122.11
121.95
121.78
121.40
APRIL,
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
1934
R2 S2
1938
R3 S3
1942
R4
Commentary
S4
1948
Buy Above 1934
1940
1928
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1921
1914
1928
– 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 remains well supported below $1,940
mark. Today pair made intraday high at $1,933 and low at $1,926 mark. A triple EMA on a day chart is
up and H1 chart suggests down trend for the time being. A sustained close above $1,934 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,921 will check further supports.
U.S. ISM Services PMI andTrade balance data will remain in focus.
XAU [GOLD]
USD
/
1921
1916
1911
1906
APRIL,
2022

9. Thank
you!
Info@tpglobalfx.com
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