DAILY ANALYSIS REPORT APRIL 18 2022

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18 April 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Japanese yen weakens sharply in early Asia a er BoJ Gov Kuroda’s comments, Asian stock markets mixed, gold stabilizes around $1,980 mark
Key Headlines:
• Most of the Central banks will be closed in observance of Easter Monday.
• China GDP q/q stands at 4.8 pct vs 4.0 pct previous release.
• China Retail Sales stands at -3.5 pct vs 6.7 pct previous release.
• China Industrial Produc on stands at 5.0 pct vs 7.5 pct previous release.
• China unemployment rate stands at 5.8 pct vs 5.5 pct previous release.
• The target will require officials to accelerate COVID tes ng and the transfer of posi ve cases to quaran ne centers – Reuters.
• Shanghai reported a record number of symptoma c COVID-19 cases on Saturday and other areas across China ghtened controls as the country kept up its "dynamic clearance"
approach that aims to stamp out the highly transmissible Omicron variant – Reuters.
• COVID-19 vaccine candidates developed by a Sinopharm subsidiary and Sinovac Biotech to target the Omicron variant were approved for clinical trials in Hong Kong, the companies
said on Saturday – Reuters.
• Australians head to the polls on 21 May to choose between the incumbent conserva ve Liberal-Na onal coali on or the opposi on Labor Party – eastasiaforum.
• BoJ's governor Kuroda: A weak yen benefits Japan's economy as a whole.
• BoJ's governor Kuroda: I'm keeping an eye on the impact of excessive forex movements on the economy.
• BoJ's governor Kuroda: The recent sharp yen deprecia on may have an impact on corporate profit forecasts.
• BoJ's governor Kuroda: Japan's rising prices as a result of rising energy prices.
• BoJ's governor Kuroda: It is appropriate to carry on with monetary easing.
• Japan’s giant investors look set to bet on yen weakness con nuing and boost their purchases of Treasuries over the rest of the year. That’s the view of money managers in Tokyo –
BNN Bloomberg.
• Goldman Sachs Group - Federal Reserve will face a difficult task in ghtening monetary policy enough to cool infla on without causing a U.S. recession, with the odds of a
contrac on at about 35% over the next two years.
• North Korean leader Kim Jong Un has observed the test firing of a “new type of tac cal guided weapon” aimed at boos ng the country’s nuclear capabili es, according to state
media.
Key Economic Indicators:
• (1400 GMT/1930 IST) U.S. NAHB Housing Market index, previous 79, expected 77.
Economic Events Ahead:
• Day 01 – IMF Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.29% to 100.61 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
0.7410
R2 S2
0.7438
R3 S3
0.7476
R4
Commentary
S4
0.7499
Buy Above 0.7405
0.7438
0.7375
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7340
0.7302
0.7372
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie falls sharply on Monday after China’s mixed economic data as Australia and
China both are the closest trading partners. Today pair made intraday high at $0.7403 and low at
$0.7360 mark.Aday chart is up and H1 chart with triple EMAsuggests down trend for the time being.A
sustained close above $0.7410 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $0.7350 will check further supports.
0.7350
0.7322
0.7298
0.7272
APRIL,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0820
R2 S2
1.0848
R3 S3
1.0876
R4
Commentary
S4
1.0904
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-
Time Frame: H1
EUR/USD: The euro trades slightly lower on Monday and slips back below $1.0800 mark. The pair
made intraday high at $1.0821 and low at $1.0793 mark. Today triple EMAon a day chart and H1 chart
suggest down trend for the time being. A consistent close above $1.0820 on H1 chart requires for the
upside rally. Alternatively, a sustained close below $1.0770 on H1 chart will check further supports.
European Calendar will remain light for the day.
EUR / USD
1.0770
1.0740
1.0715
1.0700
Buy Above 1.0822
1.0850
1.0790
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0778
1.0741
1.0805
– 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
1.3072
R2 S2
1.3099
R3 S3
1.3122
R4
Commentary
S4
1.3150
Buy Above 1.3058
1.3090
1.3030
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3015
1.2988
1.3038
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The Sterling depreciates on Monday and hovers around $1.3030 mark. Today pair made
intraday high at $1.3064 and low at $1.3025 mark. A day chart and H1 chart with triple EMA suggest
down trend for the time being. A sustained close above $1.3057 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.3015 will check further supports.
USD
1.3015
1.3001
1.2978
1.2950
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 Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2664
R2 S2
1.2689
R3 S3
1.2715
R4
Commentary
S4
1.2742
Buy Above 1.2650
1.2676
1.2620
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2602
1.2571
1.2630
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD trades noticeably lower against U.S. dollar and remains well supported above
1.2630 mark. Today a day chart is down and H1 chart with triple EMA suggests up trend for the time
being. A sustained close above 1.2650 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 1.2601 on H1 chart will check key supports too.
USD /CAD
1.2590
1.2555
1.2530
1.2501
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
126.94
R2 S2
127.15
R3 S3
127.50
R4
Commentary
S4
127.78
Buy Above 126.82
127.20
126.57
– Take Profit
– Stop Loss
Trade Idea
Sell Below 126.20
125.89
126.54
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen continues to fall sharply against U.S. dollar and touches 126.79 mark In
opening hours. The pair made intraday high at 126.79 and low at 126.23 mark. The triple EMA on a
day chart and H1 chart suggest up trend for the time being. A sustained close above 126.94 on H1
chart requires for the upside rally.Alternatively, a consistent close below 126.10 on H1 chart will check
further key supports.
USD /JPY
126.10
125.84
125.55
125.21
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
1991
R2 S2
1996
R3 S3
2002
R4
Commentary
S4
2008
Buy Above 1991
1997
1984
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1976
1970
1984
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold starts a new week on a positive note and touches $1,988 mark in earlyAsia.
Today pair made intraday high at $1,988 and low at $1,972 mark. A day chart and H1 chart with triple
EMAsuggest up trend for the time being.Asustained close above $1,990 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,976 on H1 chart will test further supports.
XAU [GOLD]
USD
/
1976
1970
1964
1957
APRIL,
2022

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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