DAILY ANALYSIS REPORT APRIL 12 2022

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12 April 2022
Daily Analysis Report

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Asian Bulle n: Sterling moves in s ff boundaries ahead if U.K.’s Jobless Claims data, Asian stock market in red, gold hovers around $1,960 mark, Traders eye U.S. CPI data
Key Headlines:
• New Zealand NZIER Business Confidence stands at -40 vs -28 previous release.
• New Zealand Visitor arrival stands at 29.8 vs -34.5 previous release.
• U.K. BRC Retail Sales monitor stands at -0.4 vs 2.7 previous release.
• Japan Bank lending stands at 0.5 pct vs 0.3 pct previous release.
• Japan PPI stands at 9.5 pct vs 9.7 pct previous release.
• Australia NAB Business Confidence stands at 16 vs 13 previous release.
• Sharply higher global food and energy prices due to the war in Ukraine are hi ng poor countries, and be er mechanisms for dealing with sovereign debt stress will be needed to
stave off defaults, the IMF said on Monday – Reuters.
• U.S. consumer prices likely increased by the most in 16-1/2 years in March as Russia's war against Ukraine boosted the cost of gasoline to record highs, resul ng in annual infla on
rising at its fastest pace since the early 1980s – Reuters.
• A rally in U.S. credit markets a er the U.S. Federal Reserve started hiking rates last month was short-lived and some corporate bonds hit new lows on Monday amid rising bond
yields and concerns over the economic outlook – Reuters.
• Chicago Federal Reserve Bank President Charles Evans on Monday signaled he would not necessarily oppose ge ng interest rates up to a neutral se ng of 2.25% to 2.5% by the end
of the year, a pace that would require a couple of 50 basis-point rate hikes at upcoming Fed mee ngs – Reuters.
• The U.S. Jus ce Department on Monday asked a federal appeals court to allow the Biden administra on to resume enforcing a federal employee vaccine mandate that had been
blocked by a lower-court judge in January – Reuters.
• Canada’s Ontario is in the sixth wave of the COVID-19 pandemic driven by the highly transmissible BA.2 sub-variant of the Omicron coronavirus and hospitaliza ons are likely to rise
over the coming weeks, the most populous Canadian province's top doctor said on Monday – Reuters.
• The Biden administra on faces an April 18 deadline on whether to extend or end a mandate requiring travelers to wear masks on airplanes, trains and in transit hub – Reuters.
• French health authori es said on Monday the number of pa ents hospitalised for COVID-19 over the past 24 hours jumped by 579 to 24,205, the highest level since March 1, as new
cases are picking up again – Reuters.
• Around three million COVID-19 vaccine doses are expected to expire in Germany by the end of June, a spokesperson for the health ministry said on Monday, as supply outstrips
demand because a declining number of people are being vaccinated – Reuters.
• The World Health Organiza on said on Monday it is tracking a few dozen cases of two new sub-variants of the highly transmissible Omicron strain of the coronavirus to assess
whether they are more infec ous or dangerous – Reuters.
Economic Data Ahead:
• (0600 GMT/1130 IST) Euro German Final CPI, previous 2.5, expected 2.5.
• (0600 GMT/1130 IST) German WPI, previous 1.7, expected 1.4.
• (0600 GMT/1130 IST) U.K. average earnings index, previous 4.8, expected 5.4.
• (0600 GMT/1130 IST) U.K. Claimant Count Change, previous -48.1K, expected -41.1K.
• (0600 GMT/1130 IST) U.K. unemployment Rate, previous 3.9, expected 3.8.
• (0645 GMT/1215 IST) France trade balance, previous -8.0B, expected -9.3B.
• (0900 GMT/1430 IST) ZEW Economic Sen ment, previous -38.7, expected -46.5.
• (0900 GMT/1430 IST) German ZEW Economic Sen ment, previous -39.3, expected -48.4.
• (1230 GMT/1800 IST) U.S. CPI, previous 0.8, expected 1.2.
• (1230 GMT/1800 IST) U.S. Core CPI, previous 0.5, expected 0.5.
Economic Events Ahead:
• (1410 GMT/2140 IST) U.S. 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 up 0.13% to 100.06 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
0.7440
R2 S2
0.7461
R3 S3
0.7499
R4
Commentary
S4
0.7530
Buy Above 0.7440
0.7462
0.7415
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7399
0.7365
0.7422
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie remains slightly volatile on Tuesday after NAB Business Confidence data and
trading around $0.7420 mark. Today pair made intraday high at $0.7427 and low at $0.7399 mark. A
day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A sustained
close above $0.7440 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.7400 will check further supports.
0.7401
0.7378
0.7350
0.7318
APRIL,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0899
R2 S2
1.0922
R3 S3
1.0940
R4
Commentary
S4
1.0976
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-
Time Frame: H1
EUR/USD: The euro trades almost flat on Tuesday ahead of German ZEW Economic Sentiment data
and trading around $1.0880 mark. The pair made intraday high at $1.0887 and low at $1.0866 mark.
Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent
close above $1.0899 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.0854 on H1 chart will check further supports.
EUR / USD
1.0854
1.0812
1.0800
1.0776
Buy Above 1.0899
1.0930
1.0874
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0855
1.0820
1.0881
– 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
1.3052
R2 S2
1.3076
R3 S3
1.3099
R4
Commentary
S4
1.3130
Buy Above 1.3052
1.3082
1.3030
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3001
1.2972
1.3022
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling moves in narrow range ahead of U.K.’s Jobless Claims data and stabilizes
above $1.3000 mark. Today pair made intraday high at $1.3037 and low at $1.3003 mark.Aday chart
and H1 chart with triple EMAsuggest down trend for the time being.Asustained close above $1.3052
on H1 chart will check key resistances. Alternatively, a consistent close below $1.3001 will check
further supports. U.K.’s economic Calendar will remain empty for the day.
USD
1.3001
1.2978
1.2944
1.2910
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above 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
1.2660
R2 S2
1.2678
R3 S3
1.2699
R4
Commentary
S4
1.2726
Buy Above 1.2660
1.2690
1.2630
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2621
1.2590
1.2648
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD weakens sharply against U.S. dollar and hits lowest level since March 17, 2022.
The pair made intraday high at 1.2656 and low at 1.2620 mark. Today a day chart is down and H1
chart with triple EMA suggests up trend for the time being. A sustained close above 1.2660 on H1
chart requires for the upside rally.Alternatively, a consistent close below 1.2620 on H1 chart will check
key supports too.
USD /CAD
1.2620
1.2590
1.2560
1.2530
APRIL,
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
125.55
R2 S2
125.76
R3 S3
125.94
R4
Commentary
S4
126.12
Buy Above 125.58
125.98
125.27
– Take Profit
– Stop Loss
Trade Idea
Sell Below 125.01
124.60
125.27
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen falls gradually against U.S. dollar despite robust PPI data and stabilizes
above 125.00 mark. The pair made intraday high at 125.56 and low at 125.10 mark. The triple EMAon
a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 125.55 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 124.90 on H1 chart will
check further key supports.
USD /JPY
124.90
124.62
124.38
124.21
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
1964
R2 S2
1970
R3 S3
1976
R4
Commentary
S4
1984
Buy Above 1964
1971
1956
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1947
1940
1954
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained highly volatile in previous session and currently hovers around
$1,960 mark. Today pair made intraday high at $1,960 and low at $1,949 mark. A triple EMA on a day
chart and H1 chart suggest up trend for the time being. A sustained close above $1,964 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,948 will check further supports.
U.S. CPI, Core CPI data will remain in focus.
XAU [GOLD]
USD
/
1948
1942
1936
1930
APRIL,
2022

9. Thank
you!
Info@tpglobalfx.com
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