DAILY ANALYSIS REPORT JUNE 24 2022

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24 June 2022
Daily Analysis Report

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Asian Bulle n: Japanese yen recovers no ceably against U.S. dollar, Asian stock markets extremely up, gold stabilizes above $1,820 mark
Key Headlines:
• Australian banks will be closed in observance of Matarik.
• U.K. GFK Consumer Confidence stands at -41 vs -40 previous release.
• Japan Na onal Core CPI remains unchanged at 2.1 pct.
• Japan SPPI (Services Producer Price Index) stands at 1.8 pct vs 1.7 pct previous release.
• Canada's annual infla on rate accelerated to 7.7% in May, the highest since January 1983, on gasoline prices, as well as services like hotels and restaurants, Sta s cs Canada said on
Wednesday – Reuters.
• The financial sector should not bet on remaining deadlines changing for the phasing out of the use of Libor interest rates, Britain's Financial Conduct Authority (FCA) said on
Wednesday – Reuters.
• Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for Interna onal
Se lements has said – Reuters.
• Harmonised insurance protec on schemes of last resort are needed across the European Union as consumers increasingly buy policies from outside their country, the bloc's
insurance regulator said on Tuesday – Reuters.
• The U.S. Federal Reserve will release the results of its annual bank health checks on Thursday. Under the "stress test" exercise established following the 2007-2009 financial crisis,
the Fed tests banks' balance sheets against a hypothe cal severe economic downturn, the elements of which change annually - Reuters.
• Federal Reserve Governor Christopher Waller on Saturday became the latest U.S. central banker to pledge a whatever-it-takes approach to figh ng infla on, three days a er the Fed
raised interest rates by three-quarters of a percentage point and signaled more hikes to come – Reuters.
• U.S. President Joe Biden rarely men ons electric car maker Tesla Inc in public. But privately his administra on has leaned on the company to help cra a new policy to allow electric
vehicles (EVs) to benefit from the na on's lucra ve renewable fuel subsidies, according to emails reviewed by Reuters – Reuters.
• U.S. stock index futures edged higher on Thursday as easing government bond yields li ed high-valued growth stocks – Reuters.
• U.S. sportswear maker Nike is making a full exit from Russia, three months a er suspending its opera ons there, the company said in an emailed statement Thursday – Reuters.
• Manufacturing growth is slowing from Asia to Europe as China's COVID-19 curbs and Russia's invasion of Ukraine disrupt supply chains, while the growing risk of a recession in the
United States poses a new threat to the global economy – Reuters.
• The Russian finance ministry on Thursday said it had fulfilled its obliga ons on two issues of dollar-denominated Eurobonds "in full" by sending 12.51 billion roubles ($234.5 million)
in coupon payments to the Na onal Se lement Depository (NSD) – Reuters.
Key Economic Indicators Ahead
• (0600 GMT/1130 IST) U.K. Retail Sales, previous 1.4, expected -0.6.
• (0800 GMT/1330 IST) German IFO Business Climate, previous 93.0, expected 92.8.
• (1400 GMT/1930 IST) U.S. Revised UoM Consumer Sen ment, previous 50.2, expected 50.2.
• (1400 GMT/1930 IST) U.S. New Home Sales, previous 591K, expected 590K.
Economic Events Ahead:
• (1130 GMT/1700 IST) RBA Gov Lowe Speaks.
• (1130 GMT/1700 IST) U.S. FOMC Member Bullard Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.11% to 104.31 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
0.6912
R2 S2
0.6930
R3 S3
0.6962
R4
Commentary
S4
0.6987
Buy Above 0.6915
0.6940
0.6886
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6882
0.6860
0.6905
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades flat on Friday as Australian banks will be closed in observance of
Matarik. Today pair made intraday high at $0.6911 and low at $0.6889 mark.Aday chart and H1 chart
with triple EMA suggest down trend for the time being. A sustained close above $0.6912 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.6880 will check further
supports.
0.6880
0.6855
0.6830
0.6810
JUNE,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0550
R2 S2
1.0582
R3 S3
1.0612
R4
Commentary
S4
1.0630
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-
Time Frame: H1
EUR/USD: The euro weakened sharply in previous session and touched $1.0482 mark. Today the
pair made intraday high at $1.0537 and low at $1.0511 mark. Today triple EMA on a day chart and H1
chart suggest down trend for the time being. A consistent close above $1.0550 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.0512 on H1 chart will check further
supports.
EUR / USD
1.0512
1.0481
1.0461
1.0430
Buy Above 1.0550
1.0576
1.0527
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0510
1.0480
1.0538
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2290
R2 S2
1.2318
R3 S3
1.2354
R4
Commentary
S4
1.2372
Buy Above 1.2294
1.2330
1.2258
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2240
1.2202
1.2267
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling exhibits arrange bound movement ahead of U.K.’s Retail Sales data and
consolidates around $1.2270 mark. Today pair made intraday high at $1.2284 and low at $1.2240
mark. A day chart is down and H1 chart with triple EMA suggests up trend for the time being. A
sustained close above $1.2290 on H1 chart will check key resistances. Alternatively, a consistent
close below $1.2250 will check further supports. Traders eye U.K.’s Flash PMI data for the further
directions.
USD
1.2237
1.2210
1.2180
1.2155
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JUNE,
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
1.3001
R2 S2
1.3030
R3 S3
1.3055
R4
Commentary
S4
1.3072
Buy Above 1.3002
1.3030
1.2978
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2962
1.2922
1.2991
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD fell noticeably in previous session and touches 1.3017 mark. Today the pair
made intraday high at 1.3000 and low at 1.2979 mark. Today a day chart and H1 chart with triple EMA
suggest up trend for the time being. A sustained close above 1.3001 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2965 on H1 chart will check key supports too.
USD /CAD
1.2965
1.2930
1.2911
1.2894
JUNE,
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
135.30
R2 S2
135.55
R3 S3
135.76
R4
Commentary
S4
135.99
Buy Above 135.00
135.30
134.74
– Take Profit
– Stop Loss
Trade Idea
Sell Below 134.50
134.15
134.81
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen moves in narrow range on Friday and stabilizes below 134.00 mark.
The pair made intraday high at 135.22 and low at 134.65 mark. The triple EMAon a day chart is up and
H1 chart suggests down trend for the time being.Asustained close above 135.30 on H1 chart requires
for the upside rally. Alternatively, a consistent close below 134.50 on H1 chart will check further key
supports.
USD /JPY
134.50
134.30
134.05
133.82
JUNE,
2022

8. 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
1832
R2 S2
1838
R3 S3
1842
R4
Commentary
S4
1848
Buy Above 1830
1836
1825
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1821
1815
1827
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold remained highly volatile on previous session and ended the day on a lower
note. Today the pair made intraday high at $1,826 and low at $1,821 mark. A day chart and H1 chart
with triple EMA suggest down trend for the time being. A sustained close above $1,830 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,822 on H1 chart will test further
supports. Later today, U.S. New Home Sales and Revised UoM Consumer Sentiment data will remain
in focus.
XAU [GOLD]
USD
/
1820
1814
1809
1804
JUNE,
2022

9. Thank
you!
Info@tpglobalfx.com
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