DAILY ANALYSIS REPORT JUNE 21 2022

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analysis@tpglobalfx.com
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21 June 2022
Daily Analysis Report

+1 7754 366 970
Asian Bulle n: U.S. dollar moves in rigid boundaries ahead of Fed Chair Powell’s Tes mony due tomorrow, Asian stock markets in green, gold back below $1,840 mark
Key Headlines:
• New Zealand Westpac Consumer Sen ment stands at 78.7 vs 92.1 previous release.
• 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.
• A Tesla Inc shareholder sued the electric car maker, Chief Execu ve Elon Musk and its board, accusing them of neglec ng to tackle complaints about workplace discrimina on and
harassment, and engendering a "toxic workplace culture." – Reuters.
• Singapore-based crypto hedge fund Three Arrows Capital failed to meet margin calls this past weekend as cryptocurrency prices slid, according to a report from the Financial Times –
Reuters.
• The risk of infla on becoming entrenched in Canada's economy is growing, say analysts, as surging prices for gas and other highly visible consumer items undercut efforts by the
Bank of Canada to keep expecta ons for price increases in check – Reuters.
• Large U.S. banks are op mis c they will receive a clean bill of health from the Federal Reserve this week, freeing them up to distribute billions of dollars in excess capital to investors
– Reuters.
• The European Central Bank is very determined and commi ed to act against the risk of fragmenta on and is designing instruments as a deterrent to pressure on debt spreads,
governing council member Mario Centeno said on Monday – Reuters.
• Parts of Asia looked to crack down on rising COVID-19 cases by conduc ng mass tests, while public health agencies in the United States approved the use of vaccines in young
children and in Europe began the review of a variant-adapted vaccine – Reuters.
• Saudi Arabia li ed coronavirus travel restric ons on Monday on its ci zens travelling to Turkey, India, Ethiopia and Vietnam, state news agency SPA reported – Reuters.
• The world's biggest gambling hub Macau began its second day of mass COVID-19 tes ng on Monday a er dozens of locally transmi ed cases were discovered over the weekend,
with most businesses shut but casinos remaining open – Reuters.
• U.S. healthcare giant Pfizer has agreed to invest 90.5 million euros ($95.24 million) to buy an 8.1% percent stake in French vaccines company , as the companies announced
developments in their partnership to tackle the Lyme disease – Reuters.
• Mainland China reported 109 new coronavirus cases for June 19, of which 38 were symptoma c and 71 were asymptoma c, the Na onal Health Commission said on Monday –
Reuters.
• The Group of 20 (G20) major economies aims to raise $1.5 billion this year for a fund set up to be er prepare for future pandemics, the health minister of current G20 president
Indonesia said on Friday - Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) Swiss Trade Balance, previous 4.13B, expected 3.78B.
• (0800 GMT/1330 IST) Euro Current Account, previous -1.6B, expected -3.2B.
• (1000 GMT/1530 IST) U.K. CBI Industrial Order Expecta ons, previous 26, expected 22.
• (1230 GMT/1800 IST) Canada Retail Sales, previous 0.00, expected 0.8.
• (1400 GMT/1930 IST) U.S. Exis ng Home Sales, previous 5.61M, expected 5.40M.
Economic Events Ahead:
• (1600 GMT/2130 IST) U.S. FOMC member Mester Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.38% to 104.30 points.

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
0.6991
R2 S2
0.7004
R3 S3
0.7022
R4
Commentary
S4
0.7051
Buy Above 0.6990
0.7022
0.6958
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6951
0.6922
0.6980
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
AUD/USD: The Aussie remains slightly positive after RBA’s monetary policy meeting minutes and
remains well supported above $0.6950 mark. Today pair made intraday high at $0.6982 and low at
$0.6948 mark.Aday chart is down and H1 chart with triple EMAsuggests up trend for the time being.A
sustained close above $0.6991 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $0.6950 will check further supports.
0.6950
0.6922
0.6891
0.6862
JUNE,
2022

BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0550
R2 S2
1.0572
R3 S3
1.0594
R4
Commentary
S4
1.0622
+1 7754 366 970
-
Time Frame: H1
EUR/USD: The euro remains almost unchanged on Tuesday and stabilizes around $1.0520 mark.
The pair made intraday high at $1.0542 and low at $1.0506 mark. Today triple EMA on a day chart is
down and H1 chart suggests bullish trend for the time being.Aconsistent close above $1.0550 on H1
chart requires for the upside rally. Alternatively, a sustained close below $1.0499 on H1 chart will
check further supports.
EUR / USD
1.0485
1.0465
1.0432
1.0410
Buy Above 1.0550
1.0590
1.0512
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0490
1.0462
1.0521
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
JUNE,
2022

BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2296
R2 S2
1.2318
R3 S3
1.2354
R4
Commentary
S4
1.2378
Buy Above 1.2290
1.2326
1.2248
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2240
1.2200
1.2274
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
GBP/USD: The sterling rises gradually against U.S. dollar ahead of U.K.’s CPI data due tomorrow.
Today pair made intraday high at $1.2282 and low at $1.2239 mark.Aday chart is down and H1 chart
with triple EMAsuggest up trend for the time being.Asustained close above $1.2296 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.2247 will check further supports.
USD
1.2247
1.2212
1.2185
1.2150
GBP/
Trends Up Trend
JUNE,
2022

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
1.2984
R2 S2
1.3030
R3 S3
1.3055
R4
Commentary
S4
1.3072
Buy Above 1.2971
1.2998
1.2940
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2930
1.2901
12960
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
USD/CAD: The CAD strengthens sharply on Tuesday ahead of Canada’s Retail Sales data and
hovers around 1.2950 mark. Today the pair made intraday high at 1.2986 and low at 1.2938 mark.
Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A
sustained close above 1.2984 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
1.2911
1.2894
1.2865
JUNE,
2022

BUY SELL
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Technical Summary
Trend Up Trend
H 1
FIBO Levels PIVOT
R1 S1
135.50
R2 S2
135.55
R3 S3
135.82
R4
Commentary
S4
136.18
Buy Above 135.30
135.72
134.99
– Take Profit
– Stop Loss
Trade Idea
Sell Below 134.80
134.37
135.20
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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Time Frame: H1
USD/JPY:The Japanese yen exhibits range bound movement and consolidates around 135.00 mark.
The pair made intraday high at 135.21 and low at 134.92 mark. The triple EMA on a day chart and H1
chart suggest up trend for the time being.Asustained close above 135.30 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 134.90 on H1 chart will check further key supports.
USD /JPY
134.90
134.70
134.32
134.10
JUNE,
2022

BUY SELL
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Technical Summary
Trend Up Trend
H 1
FIBO Levels PIVOT
R1 S1
1848
R2 S2
1852
R3 S3
1858
R4
Commentary
S4
1864
Buy Above 1842
1848
1836
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1832
1826
1839
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
-
Time Frame: H1
XAU/USD (GOLD): Gold moves directionless and stabilizes below $1,850 mark ahead of Fed Chair
Powell’s Testimony due tomorrow. Today the pair made intraday high at $1,842 and low at $1,837
mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained
close above $1,846 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$1,832 on H1 chart will test further supports. Later today U.S. FOMC Member Bullard’s speech will
remain in focus. Later today U.S. Existing Home Sales data will remain in focus.
XAU [GOLD]
USD
/
1832
1826
1821
1816
JUNE,
2022

Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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DAILY ANALYSIS REPORT JUNE 21 2022

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