DAILY ANALYSIS REPORT JUNE 17 2022

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17 June 2022
Daily Analysis Report

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Asian Bulle n: Japanese yen remains highly vola le a er BoJ’s Policy Rate Decision, Asian stock markets mixed, gold stabilizes below $1,850 mark
Key Headlines:
• New Zealand Business Manufacturing Index stands at 52.9 vs 51.2 previous release.
• Bank of Japan keeps Interest Rate unchanged at -0.10 pct.
• Suzuki: Concerned about sudden weakening yen.
• Japan's Suzuki: closely watching Fed policy impact on economy.
• Japan's Finance minister Suzuki: I expect the BoJ will con nue its efforts to achieve the price target in a sustainable and consistent manner.
• Japan Finmin Suzuki: Govt must respect independence of BOJ.
• BoJ- will add to easing without hesita on if needed.
• BoJ - need to watch impact of fx on economy, prices.
• The Czech Na onal Bank is likely to raise its main rate by at least 75 basis points at its June 22 board policy mee ng, Vice-Governor Tomas Nidetzky was quoted as saying on
Wednesday – Reuters.
• Thailand's central bank said on Wednesday it was closely monitoring capital movements and the baht currency and was ready to take ac on on any excessive vola lity – Reuters.
• The Bank of England stuck to its gradual increases in interest rates on Thursday, as other central banks took more urgent ac on, but said it was ready to act "forcefully" if needed to
stamp out dangers posed by infla on it now sees topping 11% - Reuters.
• A protest planned by hundreds of bank depositors in central China seeking access to their frozen funds has been thwarted because the authori es have turned their health code
apps red, several depositors told Reuters – Reuters.
• The Bank of England raised interest rates by a further quarter of a percentage point but said it was ready to act "forcefully" to stamp out dangers posed by an infla on rate heading
above 11% - Reuters.
Key Economic Indicators Ahead:
• (0900 GMT/1430 IST) Euro Final CPI, previous 8.1, expected 8.1.
• (0900 GMT/1430 IST) Euro Final Core CPI, previous 3.8, expected 3.8.
• (1230 GMT/1800 IST) Canada IPPI m/m, previous 0.8, expected 0.1.
• (1230 GMT/1800 IST) Canada RMPI m/m, previous -2.0, expected 1.7.
• (1315 GMT/1845 IST) U.S. Industrial Produc on, previous 1.1, expected 0.4.
• (1315 GMT/1845 IST) U.S. Capacity U liza on Rate, previous 79.0, expected 79.2.
Economic Events Ahead:
• All Day – ECOFIN Mee ng.
• (1100 GMT/1630 IST) BoE Quarterly Bulle n.
• (1245 GMT/1815 IST) U.S. Fed Chair Powell Speaks.
(Due to deliver welcoming remarks at the Inaugural Conference on the Interna onal Roles of the US Dollar, in Washington DC)
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.53% to 104.18 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
0.7055
R2 S2
0.7072
R3 S3
0.7099
R4
Commentary
S4
0.7130
Buy Above 0.7040
0.7065
0.7011
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6999
0.6965
0.7030
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades slightly lower on Friday and stabilizes below $0.7050 mark. Today pair
made intraday high at $0.7051 and low at $0.7016 mark. A day chart is down and H1 chart with triple
EMA suggests up trend for the time being. A sustained close above $0.7050 on H1 chart requires for
the upside rally.Alternatively, a consistent close below $0.7002 will check further supports.
0.7002
0.6982
0.6950
0.6921
JUNE,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0552
R2 S2
1.0584
R3 S3
1.0615
R4
Commentary
S4
1.0650
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-
Time Frame: H1
EUR/USD: The euro depreciates on Friday ahead of Euro’s CPI & Core CPI data. The pair made
intraday high at $1.0560 and low at $1.0517 mark. Today triple EMA on a day chart is down and H1
chart suggests up trend for the time being. Aconsistent close above $1.0552 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.0490 on H1 chart will check further
supports.
EUR / USD
1.0490
1.0465
1.0432
1.0410
Buy Above 1.0552
1.0585
1.0521
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0499
1.0457
1.0528
– 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
1.2354
R2 S2
1.2382
R3 S3
1.2406
R4
Commentary
S4
1.2426
Buy Above 1.2321
1.2350
1.2288
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2272
1.2240
1.2302
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling strengthens sharply after BoE’s Interest Rate decision and touches $1.2405
mark. Today pair made intraday high at $1.2352 and low at $1.2285 mark.Aday chart is down and H1
chart with triple EMA suggests up trend for the time being. A sustained close above $1.2350 on H1
chart will check key resistances. Alternatively, a consistent close below $1.2272 will check further
supports.
USD
1.2272
1.2250
1.2221
1.2201
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
1.2965
R2 S2
1.2999
R3 S3
1.3030
R4
Commentary
S4
1.3054
Buy Above 1.2965
1.3001
1.2938
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2922
1.2887
1.2962
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD exhibits range bound movement ahead of RMPI & IPPI m/m data and hovers
around 1.2950 mark. Today the pair made intraday high at 1.2969 and low at 1.2938 mark. Today a
day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above
1.2965 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2930 on H1
chart will check key supports too.
USD /CAD
1.2930
1.2902
1.2876
1.2840
JUNE,
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
135.02
R2 S2
135.30
R3 S3
135.55
R4
Commentary
S4
135.82
Buy Above 134.37
134.92
133.80
– Take Profit
– Stop Loss
Trade Idea
Sell Below 133.15
132.62
133.74
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen remains extremely volatile after BoJ’s policy rate decision and currently
hovers around 134.00 mark. The pair made intraday high at 134.64 and low at 132.15 mark. The triple
EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close
above 134.23 on H1 chart requires for the upside rally. Alternatively, a consistent close below 133.20
on H1 chart will check further key supports.
USD /JPY
132.10
131.72
131.50
131.18
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
1852
R2 S2
1858
R3 S3
1862
R4
Commentary
S4
1868
Buy Above 1847
1853
1841
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1840
1832
1846
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold spiked up noticeably in previous session as U.S. released Housing as well
as Philly Fed Manufacturing Index data with negative number. Today the pair made intraday high at
$1,856 and low at $1,841 mark.Aday chart is down and H1 chart with triple EMAsuggests up trend for
the time being.Asustained close above $1,848 on H1 chart requires for the upside rally.Alternatively,
a consistent close below $1,838 on H1 chart will test further supports. Later today U.S. Fed Chair
Powell’s speech and Industrial production data will remain in focus.
XAU [GOLD]
USD
/
1838
1832
1826
1821
JUNE,
2022

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