DAILY ANALYSIS REPORT FEBRUARY 11 2022

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11 February 2022
Daily Analysis Report

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Asian Bulle n: U.S. dollar strengthens sharply against major peers a er strong U.S. Infla on results and key comments by FOMC officials, Asian stock markets in red, gold hovers around $1,822
mark
Key Headlines:
• Japanese banks will be closed in observance of Na onal Founda on Day.
• U.S. Federal Budget balance stands at 118.7B vs -21.3B previous release.
• New Zealand Infla on expecta ons q/q stands at 3.27 vs 2.96 pct previous release.
• The European Central Bank is telling euro zone banks zone to step up their defences against cyber a acks, also in the context of geopoli cal tensions such as the stand-off between
Russia and Ukraine, the ECB's top supervisor said on Thursday – Reuters.
• U.S. President Joe Biden on Thursday touted his plan to bring down the cost of prescrip on drugs as an an dote to high infla on on a day when government data showed consumer
prices posted their biggest annual gain in 40 years in January – Reuters.
• Czech restaurant and hotel operators saw light at the end of the tunnel on Thursday as the government cancelled rules requiring vaccina on cer ficates to enter restaurants and
events as Omicron infec ons started to ebb – Reuters.
• Democra c U.S. Senator Elizabeth Warren cri cized the U.S Securi es and Exchange Commission (SEC) on Thursday for delays to its landmark climate change risk disclosure rules and
called for "quick ac on" on the issue – Reuters.
• The U.S. Federal Reserve should stop buying bonds from the market now to contain rampant infla on, a top investment manager at BlackRock said in a research note on Thursday,
a er higher-than-an cipated January infla on data – Reuters.
• Mexico's central bank on Thursday raised its benchmark interest rate as expected by 50 basis points to 6.00%, a sixth straight rate increase, as policymakers sought to keep price
pressures in check with infla on running high – Reuters.
• RBA’s Gov Lowe - The sudden spike in infla on in some parts of the world, par cularly in the U.S., has come as a surprise and is an addi onal source of uncertainty.
• RBA’s Gov Lowe - It is too early to infer that infla on would remain within the target range in the long run.
• RBA’s Gov Lowe - The danger of infla on exceeding 3% for a period of me is tolerable.
• RBA’s Gov Lowe - Plausible if economy tracks to our forecasts rate hike will be on agenda later this year.
• ECB’s President Lagarde - We are moving closer to our target, which will allow us to gradually withdraw some interven ons.
• ECB’s President Lagarde - I am op mis c that infla on will moderate this year.
• ECB’s President Lagarde - Oil prices will not con nue to rise at the same rate as 2020-2022.
• Fed's Barkin - I believe it is past me to begin normalising policy.
• Fed's Barkin - I am open to a 50 bps rise conceptually.
• Fed's Barkin - It's me to make a significant decrease in the balance sheet, and then start rising rates soon a er.
• Fed's Bullard favors 100 bps interest-rate increases by July.
• Bullard - Should be open to considering inter - mee ng increase.
• Bullard - Favors balance - sheet reduc on start in second quarter.
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. Prelim GDP, previous 1.1, expected 1.1.
• (0700 GMT/1230 IST) U.K. Goods Trade balance, previous -11.3B, expected -12.4B.
• (0700 GMT/1230 IST) U.K. Industrial produc on, previous 1.0, expected 0.1.
• (0700 GMT/1230 IST) U.K. Manufacturing produc on, previous 1.1, expected 0.2.
• (0700 GMT/1230 IST) German Final CPI, previous 0.4, expected 0.4.
• (0700 GMT/1230 IST) German WPI, previous 0.2, expected 0.5.
• (0730 GMT/1300 IST) Swiss CPI, previous -0.1, expected 0.0.
• (1500 GMT/2030 IST) U.S. Prelim UoM Consumer Sen ment, previous 67.2, expected 67.2.
Economic Events Ahead:
• Tenta ve – Fed Monetary Policy Report.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.30% to 95.83 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
0.7172
R2 S2
0.7199
R3 S3
0.7222
R4
Commentary
S4
0.7257
Buy Above 0.7172
0.7199
0.7150
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7130
0.7102
0.7157
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie starts a new day on a lower note after RBA Gov Lowe’s comments and
currently trading around $0.7150 mark. Today pair made intraday high at $0.7169 and low at $0.7132
mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained
close above $0.7172 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.7140 will check further supports.
0.7130
0.7102
0.7089
0.7070
FEBRUARY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1412
R2 S2
1.1430
R3 S3
1.1455
R4
Commentary
S4
1.1481
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-
Time Frame: H1
EUR/USD: The Euro remains almost unchanged after ECB President Lagarde’s comments and
consolidates around $1.1400 mark. The pair made intraday high at $1.1430 and low at $1.1385 mark.
Today triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A
consistent close above $1.1412 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.1399 on H1 chart will check further supports.
EUR / USD
1.1399
1.1381
1.1365
1.1337
Buy Above 1.1412
1.1440
1.1389
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1390
1.1368
1.1405
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FEBRUARY,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3560
R2 S2
1.3585
R3 S3
1.3618
R4
Commentary
S4
1.3637
Buy Above 1.3562
1.3585
1.3540
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3530
1.3498
1.3554
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling trades slightly lower ahead of U.K.’s Prelim GDP results and hovers around
$1.3540 mark. Today pair made intraday high at $1.3569 and low at $1.3533 mark. A day chart is up
and H1 chart with triple EMA suggests down trend for the time being. A sustained close above
$1.3560 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3530 will
check further supports.
USD
1.3530
1.3512
1.3490
1.3465
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FEBRUARY,
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
1.2750
R2 S2
1.2772
R3 S3
1.2799
R4
Commentary
S4
1.2815
Buy Above 1.2751
1.2776
1.2730
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2727
1.2702
1.2745
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD falls gradually against U.S. dollar and jumps back above 1.2700 mark. Pair
made intraday high at 1.2750 and low at 1.2713 mark. Today a day chart and H1 chart with triple EMA
suggest up trend for the time being. A sustained close above 1.2745 on H1 chart requires for the
upside rally. Alternatively, a consistent close below 1.2730 on H1 chart will check key supports too.
Canada’s Economic Calendar will remain empty for the day too.
USD /CAD
1.2730
1.2705
1.2690
1.2672
FEBRUARY,
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
116.18
R2 S2
116.36
R3 S3
116.54
R4
Commentary
S4
116.81
Buy Above 116.20
116.42
115.90
– Take Profit
– Stop Loss
Trade Idea
Sell Below 115.80
115.55
116.11
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades in narrow range on Friday as Japanese banks will be closed in
observance of National Foundation Day. The pair made intraday high at 116.17 and low at 115.94
mark. The triple EMAon a day chart and H1 chart suggest bullish trend for the time being.Asustained
close above 116.18 on H1 chart requires for the upside rally. Alternatively, a consistent close below
115.80 on H1 chart will check further key supports.
USD /JPY
115.80
115.55
115.21
115.01
FEBRUARY,
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
1830
R2 S2
1836
R3 S3
1842
R4
Commentary
S4
1847
Buy Above 1828
1834
1822
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1821
1814
1826
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The gold remained highly volatile in previous session after U.S.’s robust CPI data
and currently trading around $1,822 mark. Today pair made intraday high at $1,828 and low at $1,823
mark. A triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being. A
sustained close above $1,830 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,821 will check further supports. Later today U.S. Prelim UoM Consumer Sentiment
data will remain in focus.
XAU [GOLD]
USD
/
1821
1816
1811
1804
FEBRUARY,
2022

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